Tokyo Electric Power Company Holdings, Incorporated | Partial Amendment to the Articles of Incorporation (9) at Tokyo Electric Power Company Holdings, Incorporated

Status
AGM passed
AGM date
Previous AGM date
Proposal number
10
Resolution details
Company ticker
9501
Lead filer
Undisclosed filer
Resolution ask
Adopt or amend a policy
ESG theme
  • Governance
ESG sub-theme
  • Corporate purpose
Filer type
Shareholder
Company sector
Utilities
Company HQ country
Japan
Resolved clause
The following new chapter shall be added to the Articles of Incorporation and the following Article shall be added. Chapter VII. Control soaring power prices and ensure a stable supply (Control soaring power prices) Article 40. To control soaring power prices, the Company shall make every effort to implement the following initiatives: (1) Management of fuel price fluctuation risk for the maintenance of stable power prices (2) Ceaseless management reforms including various cost reductions (3) Reduction of power supply cost through utilization of DX (4) Reduction of consumers’ burden by energy saving and efficient power use
Supporting statement
Electric power is essential social infrastructure for the lives of citizens and industrial activities, and its stable supply is required. In addition, amid the intensifying situation in the Middle East, various energy prices are soaring, and the impact on supply chains is becoming apparent. To contribute to sustainable development of society through its businesses as a company responsible for the power supply, it is essential to provide a stable power supply and strive to curb rising prices. To minimize the effect of increasing fuel prices, etc., on electricity prices, it is necessary to diversify supply chains in LNG procurement agreements, mitigate price fluctuation risk, and continue constant management reforms with various cost reductions, etc. Furthermore, by introducing digital technologies to improve efficiency in work processes, the Company needs to lower the power supply cost. In addition, to reduce the burden on users, the Company shall further promote energy saving and efficient power use by regularly providing information to help with saving energy and reducing power consumption, and by offering various price plans, etc.

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