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 538th 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 
                            538th Domestic Straight Corporate Bond
                            (with general mortgage)
 2.  Aggregate amount       50 billion yen
 3.  Date of issue          February 28, 2008
 4.  Coupon rate            0.843%
 5.  Issue price            100 yen per par value of 100 yen
 6.  Mortgage               General Mortgage
 7.  Interest payment date  February 28 and August 28 every year
 8.  Redemption date        February 28, 2011
                            (3-year period: bullet maturity)
 9.  Yield on the bond      0.843%
 10. Denomination value     1 million yen
 11. Schedule
      Announcement date     February 8, 2008 (Friday)
      Offering period       February 8, 2008 (Friday)
      Payment due date      February 28, 2008 (Thursday)
 12. Lead managing underwriter
                            Nomura Securities Co., Ltd.
                            Daiwa Securities SMBC 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.