Tokyo Electric Power Company Holdings, Incorporated | Partial Amendment to the Articles of Incorporation (11) at Tokyo Electric Power Company Holdings, Incorporated

Status
AGM passed
AGM date
Previous AGM date
Proposal number
12
Resolution details
Company ticker
9501
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 Article shall be added to Chapter VII. (Information Disclosure, Information Dissemination, etc.) Article 42. In order to maintain the balance between supply and demand of electric power, the Company shall implement the following initiatives for information disclosure, information dissemination, etc.: (1) Early disclosure of information on the demand and supply of electric power (2) Disclosure of correct and easy-to-understand information, including the fuel securing status (3) Dissemination of information that supports both hot weather measures and energy-saving and power-saving actions
Supporting statement
Power supply and demand conditions are tight, particularly during summer, etc. when demand surges. It is also expected that electricity demand will increase due to, among others, the establishment of new and additional data centers and semiconductor factory facilities. Under these circumstances, from the viewpoint of the stabilization of power supply and demand, it is crucial for the Company to promote efficient electricity use among citizens and business operators in an appropriate and timely manner by disclosing information early when the demand and supply become tight, and working to disclose easy-to-understand information on electricity demand and supply conditions regularly. Furthermore, it is also necessary for the Company to properly disclose information on the fuel securing status required for a stable power supply to prevent the excessive spread of concern about an electricity price hike even at the emergence of an energy procurement crisis, such as in the current intensifying situation in the Middle East. Moreover, at the same time, the Company shall carefully disseminate information that supports both hot weather measures and energy-saving actions. For example, during summer when power supply and demand conditions become tight, the Company shall promote effective ways to use air conditioning to maintain health.

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