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 549th 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 
                                549th Domestic Straight Corporate Bond
                                 (with general mortgage)
2.  Aggregate amount            50 billion yen
3.  Date of issue               October 17, 2008
4.  Coupon rate                 1.699 %
5.  Issue price                 100 yen per par value of 100 yen
6.  Mortgage                    General Mortgage
7.  Interest payment date       April 17 and October 17 every year
8.  Redemption date             October 17, 2018
                                 (10-year period: bullet maturity)
9.  Yield on the bond           1.699 %
10. Denomination value          1 million yen
11. Schedule
     Announcement date          October 8, 2008 (Wednesday) 
     Offering period            October 8, 2008 (Wednesday)
     Payment due date           October 17, 2008 (Friday)
12. Lead managing underwriter
                                Nomura Securities Co., Ltd.
                                Daiwa Securities SMBC Co. Ltd. 
                                Nikko Citigroup Limited
                                Mizuho 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.