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Japan’s antitrust watchdog said on Thursday that it has ordered three utilities to pay a total of more than 100 billion yen ($754.66 million) fine for violating anti-monopoly laws.
Among the three, Chugoku Electric Power Co was hit with the biggest fine of 70.7 billion yen.
The Japan Fair Trade Commission also ordered Chubu Electric Power Co to pay a 27.6 billion yen fine, while Kyushu Electric Power Co was ordered to pay 2.7 billion yen.
Regulators had investigated the companies for anti-competitive behaviour and concluded that they had formed a cartel.
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