The initial use of proceeds (totaled 446.8 billion yen) from a series of
the offering resolved in September 2010 was for "capital investment toward
a low-carbon society" and "investment and financing in growth
opportunities" under our new management vision "2020 Vision." TEPCO has
already used 23.3 billion yen for "capital investment toward a low-carbon
society" and 9.4 billion yen for "investment and financing in growth
opportunities" out of the total amount.
However, as it is inevitable to drastically revise our business operations
because of the huge impacts and damages on our important facilities by the
Great East Japan Earthquake, we have no choice but to withdraw the "2020
Vision", TEPCO's mid-to-long term growth declaration.
Reflecting the revision of our business management policy, we have
determined to suspend all of the investments except those essential to
stable power supply in TEPCO's area in order to more concentrate on
domestic power supply operations. The rest of the proceeds will be used
for capital investment in domestic power facilities vital to stable power
TEPCO sincerely regrets to make this notice. We truly appreciate
understanding of our shareholders.