Chubu Electric Power Co.,Inc. | On the Establishment of CS Energy Service Co., Ltd. - Press Releases(2018)

Press Release 2018

On the Establishment of CS Energy Service Co., Ltd.

October 1, 2018

CS Energy Service Co., Ltd.
Chubu Electric Power Co.,Inc.
Chubu Gas Co., Ltd.

Today, the Chubu Electric Power Co., Inc. (Headquarters: Higashi-ku, Nagoya City; President & Director: Satoru Katsuno; hereafter “Chubu Electric Power”) and Chubu Gas Co., Ltd. (Headquarters: Toyohashi City, Aichi Prefecture; President & Director: Hiroshi Torii; hereafter “Chubu Gas”), a core enterprise in the Sala Group, jointly established a new company, ”CS Energy Service Co., Ltd.” (Headquarters: Toyohashi City, Aichi Prefecture; President & Director: Takahiro Yamada; hereafter “CS Energy Service”) , that will be selling gas and electricity to corporate clients in the Higashi Mikawa region in Aichi Prefecture, the Seien region in Shizuoka Prefecture and beyond (hereafter referred to as “the said area”).

Sales, mainly to clients converting to natural gas will begin as necessary preparations are made.

CS Energy Services will fully harness the business foundation and management resources that Chubu Electric Power and Chubu Gas have garnered in said area to provide competitive gas and electricity bundled plans based on a framework of security and stable supply. In doing so, the CS Energy Service will strive to accelerate the conversion to natural gas in the area and live up to the trust and expectations of the local community.

【Overview of the New Company】

 Company name

CS Energy Service Co., Ltd.

 Location of headquarters

100 Shirakawa-cho, Toyohashi-shi, Aichi Prefecture (inside Sala Plaza)

 President and director

President & Director Takahiro Yamada
Vice President & Director Hideaki Uchida

 Date of establishment

October 1, 2018

 Capital

150 million yen [Chubu Electric Power: 50%, Chubu Gas: 50%]

 Details of business

Sales of gas and electricity among others