Environmental Action Report 2004

Foreword

Environmental issues such as global warming, ozone layer depletion, and management of waste and chemical substances have not mitigated, but have become more widely spread and seriously apparent at global and local levels. This is because so much stress and serious damage to the environment are caused by our business activities and daily life, which are beyond the capacity of the earth. In other words, these issues are a warning from the earth to human beings.

Tohoku Electric Power Co., Inc. (TohokuEPCO) recognizes the close relationship between environmental issues and energy consumption, and believes that finding solutions to environmental problems is one of its corporate social responsibilities.

In the deregulation of the electricity market in Japan, TohokuEPCO places environmental activities at the top of its business plan and has established the Environmental Policy and the Midterm Environmental Action Plan.

Although compatibility between environmental protection and economical growth may be difficult in many cases, TohokuEPCO will continue with environmental management to achieve this compatibility, while maintaining a stable supply. Through environmental activities, we will continue to be a sustainable company that is trusted and preferred by customers.

Since its establishment, TohokuEPCO has pursued mutual prosperity with regional society as its philosophy. No matter how our business situation might change, our philosophy will never change. For the issue of environmental protection, we will strive to play a big part in the realization of a highly efficient energy system in collaboration with our customers.

TohokuEPCO's Environmental Action Report 2004 provides its policies, diverse measures and environmental performance in FY2003. It is our hope that the information in this report will help you understand our strong commitment and our position on environmental issues.