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 534th 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
                             534th Domestic Straight Corporate Bond
                             (with general mortgage)
 2.  Aggregate amount        50 billion yen
 3.  Date of issue           October 29, 2007
 4.  Coupon rate             2.055%
 5.  Issue price             100 yen per par value of 100 yen
 6.  Mortgage                General Mortgage
 7.  Interest payment date   April 29 and October 29 every year
 8.  Redemption date         October 29, 2019
                             (12-year period: bullet maturity)
 9.  Yield on the bond       2.055%
 10. Denomination value      1 million yen
 11. Schedule
      Announcement date      October 12, 2007 (Friday)
      Offering period        October 12, 2007 (Friday)
      Payment due date       October 29, 2007 (Monday)
 12. Lead managing underwriter
                             Nikko Citigroup Limited
                             Mizuho Securities Co., Ltd.
                             Mitsubishi UFJ Securities Co., 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.