Tokyo Electric Power Company (the "Company") hereby notifies all interested
parties that the Company has decided the following outline of issuance of 
its 524th domestic straight corporate bond. The terms of the issues are as 
follows:

[Outline of Issue]
1.  Name of the bond        Tokyo Electric Power Company 524th
                            Domestic Straight Corporate Bond
                            (with general mortgage)
2.  Aggregate amount        50 billion yen
3.  Date of issue           March 14, 2007
4.  Coupon rate             1.795%
5.  Issue price             100 yen per par value of 100 yen
6.  Mortgage                General Mortgage
7.  Interest payment date   March 14 and September 14 every year
8.  Redemption date         March 14, 2017
                            (10-year period: bullet maturity)
9.  Yield on the bond       1.795%
10. Denomination value      1 million yen
11. Schedule
      Announcement date     February 27, 2007 (Tuesday)
      Offering period       February 27, 2007 (Tuesday)
      Payment due date      March 14, 2007 (Wednesday)
12. Lead managing underwriter
                            Daiwa Securities SMBC Co., Ltd.
                            Nomura Securities Co., Ltd.
                            Credit Suisse Securities (Japan) Limited

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.