RNS Number:5122U
Chubu Electric Power Co, Inc
22 January 2004

Notice Concerning Issuance of Notes

Chubu Electric Power Company, Incorporated

We hereby announce that Chubu Electric Power Company, Incorporated has launched
4-year 465th domestic straight corporate notes. The conditions of issuance are
as follows:

(465th domestic straight corporate notes)

1.     Aggregate amount                   20 billion yen

2.     Denomination                       1 million yen and 100 million yen

3.     Coupon rate                        0.47%

4.     Issue price                        100 yen per par value 100 yen

5.     Subscribers yield                  0.470%

6.     Maturity date                      25th December 2007 (4 years)

7.     The way of redemption              Redemption at par(bullet bond)

8.     Interest payment date              25th June and 25th December every year

9.     Issue date(Payment date)           25th December 2003

10.    Offering period                    10th December 2003

11.    Offering method                    Public offering

12.    Use of Proceeds                    The net proceed of notes will be used 
                                          for investment in plant and equipment


13.    Security or Guarantee              These notes are secured by a statutory
                                          preferential right over its entire
                                          property and are not guaranteed.

14.    Trustee Bank                       Sumitomo Mitsui Banking Corporation.
                                          (representative), Mizuho Corporate 
                                          Bank, Ltd, UFJ Bank Limited.

15.    Underwriters                       Underwriting group including Nomura 
                                          Securities Co.,Ltd. (bookrunner) and 
                                          BNP PARIBAS Securities (Japan) 
                                          Limited, Tokyo Branch

END


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