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 542nd 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 
                            542nd Domestic Straight Corporate Bond
                            (with general mortgage)
 2.  Aggregate amount       50 billion yen
 3.  Date of issue          April 25, 2008
 4.  Coupon rate            1.602 % 
 5.  Issue price            100 yen per par value of 100 yen
 6.  Mortgage               General Mortgage
 7.  Interest payment date  April 25 and October 25 every year
 8.  Redemption date        April 25, 2018
                            (10-year period: bullet maturity)
 9.  Yield on the bond      1.602 % 
 10. Denomination value     1 million yen
 11. Schedule
         Announcement date  April 15, 2008 (Tuesday) 
         Offering period    April 15, 2008 (Tuesday) 
         Payment due date   April 25, 2008 (Friday)
 12. Lead managing underwriter
                            Mizuho Securities Co., Ltd. 
                            Nikko Citigroup Limited 
                            Merrill Lynch Japan 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.