The Tokyo Electric Power Company, Incorporated (the "Company") hereby notifies 
all interested parties that the Company has decided the following outline of 
issuance of its 532nd domestic straight corporate bond. The terms of the issues 
are as follows:

[Outline of Issue]
 1.  Name of the bond       The Tokyo Electric Power Company, Incorporated 
                            532nd Domestic Straight Corporate Bond
                            (with general mortgage)
 2.  Aggregate amount       50 billion yen
 3.  Date of issue          September 28, 2007
 4.  Coupon rate            1.75%
 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, 2017
                            (10-year period: bullet maturity)
 9.  Yield on the bond      1.75%
 10. Denomination value     1 million yen
 11. Schedule
      Announcement date     September 12, 2007 (Wednesday)
      Offering period       September 12, 2007 (Wednesday)
      Payment due date      September 28, 2007 (Friday)
 12. Lead managing underwriter
                            Mizuho Securities Co., Ltd.
                            Daiwa Securities SMBC 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.