Key Point of President's Regular Press Conference

June 2013 Regular Press Conference : Chairman Mita's Message

June 26, 2013
Chubu Electric Power Co.,Inc.

I am Toshio Mita, Chairman of Chubu Electric Power Co., Inc.
Today I would like to discuss our 89th General Meeting of Shareholders.

General Meeting of Shareholders

I would like to report that the General Meeting of Shareholders was concluded today without incident.
This year's General Meeting was the fifth-longest in our company's history, lasting 3 hours and 23 minutes. It was also the tenth-largest, with 1,449 shareholders in attendance.
In addition to being provided with a report on Chubu Electric’s business status for fiscal 2012, attendees at the meeting deliberated on a total of nine resolutions, consisting of two proposed by the company and seven proposed by shareholders. The two resolutions proposed by the company were accepted by a majority of shareholders.
In addition, we provided straightforward answers to shareholders’ questions concerning the safety of the Hamaoka Nuclear Power Station and other important management issues in the current severe business environment, including questions regarding the reprocessing of spent fuel, the use of pumped-storage hydroelectric power stations, and the appointment of external directors and female directors.
The business environment for our electricity business has changed significantly since the Great East Japan Earthquake, but the Chubu Electric Group will continue in its efforts to provide a stable supply of electricity and will work actively to provide a wide range of services to its customers.
At the same time, we will always contribute to the development of our regional community, seeking to earn the trust of our customers and our shareholders and investors, and to continue to be a company that they turn to.

Introduction of New Director and Statutory Auditor

Now I would like to introduce one new Representative Director and two new Directors.
The new Directors were approved at today’s General Meeting of Shareholders, and their duties were decided at the meetings of the Board of Directors that followed.
First, our new Representative Director, Satoru Katsuno.
Mr. Katsuno is scheduled to be named Executive Vice President and appointed General Manager of the Corporate Planning & Strategy Division as of July 1st.
Next, one of our new Directors, Satoshi Onoda.
Mr. Onoda is scheduled to be named Senior Managing Executive Officer and appointed General Manager of the Power Generation Division as of July 1st.
And our second new Director, Masanori Matsuura.
Mr. Matsuura is scheduled to be named Senior Managing Executive Officer and appointed General Manager of the Distribution, Telecommunications Office, Lands Department as of July 1st.
I would also like to introduce Yoshifumi Iwata, a Representative Director of IBIDEN CO., LTD., who has been named a new External Director.
We continue to face an extremely severe business environment, due to factors including the shutdown of the Hamaoka Nuclear Power Station. Under our new system, we will face our various management challenges head on, responding with the total power of the Chubu Electric Group.
That concludes my remarks for today.

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