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Press Release

Establishment and launch operation of JERA Co., Inc.

2015/04/30

JERA Co., Inc.("JERA", President: Yuji Kakimi) launched operations, as the entity which implements a comprehensive alliance covering the entire energy supply chain, from upstream investments and fuel procurement through power generation of Tokyo Electric Power Company, Incorporated (“TEPCO”; President: Naomi Hirose) and Chubu Electric Power Co., Inc. (“Chubu Electric”; President: Akihisa Mizuno).
JERA expands its business size and business area and seeks investment profit by integrating the entire energy supply chain, from upstream investments and fuel procurement through power generation and investing on a global standard basis. JERA also aims to optimize operations including fuel procurement, trading and power plants operation etc. by making its operation more sophisticated and efficient at all the value chain level, through utilizing effects of the expansion in size and area, and knowledge and know-how owned by TEPCO and Chubu Electric. JERA secures the stable supply of energy on an internationally competitive basis and also aims to increase the respective enterprise values of the TEPCO and Chubu Electric corporate groups.

Outline of JERA (as of April 30, 2015)
Company NameJERA Co., Inc.
RepresentativesYoshihiro Naito, Chairman
Yuji Kakimi, President
Business DescriptionDevelopment of new upstream energy investments
New fuel procurement
Development of new domestic thermal power plants and scrap and build of obsolete thermal power plants
Development of new overseas power plants and energy infrastructure
EstablishmentApril 30, 2015
Paid-in CapitalJPY 960 million
Shareholding ratioTEPCO: 50% *; Chubu Electric: 50%
HeadquatersNihonbashi 2-7-1, Chuo-ku, Tokyo

* TEPCO capitalizes via Tokyo Electric Power Fuel & Thermal Power Generation Business Split Preparation Company, Incorporated