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 551st 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 
                                551st Domestic Straight Corporate Bond
                                (with general mortgage)
2.  Aggregate amount            50 billion yen
3.  Date of issue               November 28, 2008
4.  Coupon rate                 2.401 %
5.  Issue price                 100 yen per par value of 100 yen
6.  Mortgage                    General Mortgage
7.  Interest payment date       May 28 and November 28 every year
8.  Redemption date             November 28, 2028
                                (20-year period: bullet maturity)
9.  Yield on the bond           2.401 % 
10. Denomination value          1 million yen
11. Schedule
     Announcement date          November 21, 2008 (Friday) 
     Offering period            November 21, 2008 (Friday) 
     Payment due date           November 28, 2008 (Friday) 
12. Lead managing underwriter
                                Daiwa Securities SMBC Co. Ltd. 
                                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.