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The story
After World War II, as a part of many changes implemented, the Supreme Commander of the Allied Powers ordered the dismantling of Nihon Hassoden K.K. (日本発送電株式会社, Nihon Hassōden Kabushiki-gaisha), which at the time provided electricity to all of Japan with a semi-governmental status. This was broken up into a number of utilities, which have become Japan's modern electric utility companies. However, in the battered state of post-war Japan, there were few investors out there to put money in these new companies, and certainly not enough to allow for sufficient R&D of power sources that Japan needed to keep up with the demand of power, thus it was decided that the occupied government would specially create an electric company with such capabilities. On September 19, 1952 the Electric Power Development Company (EDPC) was established as a government agency.
In 1997, the Japanese government announced the privatization of EDPC, and in 2004, it went public and was listed on the Tokyo Stock Exchange.
From Wikipedia’s article on J-Power, shared under CC BY-SA 4.0.5