Tokyo Electric Power Co. (the "Company") hereby notifies all 
interested parties that the Company has decided the following 
outline of issuance of its 523rd domestic straight corporate bond.
The terms of the issues are as follows:

[Outline of Issue]
1.  Name of the bond       Tokyo Electric Power Company 523rd 
                           Domestic Straight Corporate Bond 
                           (with general mortgage)
2.  Aggregate amount       50 billion Yen
3.  Date of issue          September 28, 2006
4.  Coupon rate            1.88% of par value per annum
5.  Issue price            100 yen per par value of 100 yen
6.  Mortgage               General mortgage
7.  Interest payment date  March 28 and September 28 every year
8.  Redemption date        September 28, 2016 
                           (10-year period: bullet maturity)
9.  Yield on the bond      1.88% per annum
10. Denomination value     1 million yen
11. Schedule
    Announcement date      September 11, 2006 (Monday)
    Offering period        September 11, 2006 (Monday)
    Payment due date       September 28, 2006 (Thursday)
12. Lead managing underwriter
                           Mizuho Securities Co., Ltd.
                           Daiwa Securities SMBC Co., Ltd.
                           Goldman Sachs (Japan) Ltd.

Please note that the above purports to be an accurate and complete 
translation of the original Japanese version prepared for the 
convenience of our English-speaking audience. However, in the 
case of any discrepancy between the translation and the Japanese 
original, the latter shall prevail.