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 539th 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 
                            539th Domestic Straight Corporate Bond
                            (with general mortgage)
 2.  Aggregate amount       50 billion yen
 3.  Date of issue          March 28, 2008
 4.  Coupon rate            1.591 %
 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        March 28, 2018
                            (10-year period: bullet maturity)
 9.  Yield on the bond      1.591 %
 10. Denomination value     1 million yen
 11. Schedule
         Announcement date  March 5, 2008 (Wednesday) 
         Offering period    March 5, 2008 (Wednesday) 
         Payment due date   March 28, 2008 (Friday)
 12. Lead managing underwriter
                            Daiwa Securities SMBC Co. Ltd. 
                            Mizuho Securities Co., Ltd. 
                            Goldman Sachs Japan 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.