JERA Co., Inc. (“JERA”) was founded in April 2015 with the aim of becoming a leading global energy company. Since its foundation, JERA has in stages integrated the fuel transportation and trading businesses, existing fuel businesses (upstream and procurement operations) and overseas power generation businesses of TEPCO Fuel & Power, Inc. (“TEPCO F&P”) and Chubu Electric Power Co., Inc. (“Chubu Electric”). JERA has undertaken numerous transactions to advance its overseas businesses.

In integrating the existing thermal power generation businesses of TEPCO F&P and Chubu Electric into JERA as of 1 April 2019, JERA will unify the full energy value chain, from upstream business and procurement through power generation and wholesaling of electricity and gas. With this, the full business integration planned at the time of JERA’s foundation will be completed.

At the time of reaching this major milestone, JERA will establish a new management and organizational structure. In this new structure, JERA will organize itself around the functions of “Business Development”, “Optimization” and “O&M (Operation & Maintenance)”, and seek to achieve cutting edge excellence in each function.

Under the new management and organizational structure, JERA has set as its New Mission “to provide cutting edge solutions to world’s energy issues”, and a Future Vision to be “a global leader in LNG and renewables sparking the transition to a clean energy economy”. Through proactively tackling various energy issues in Japan and abroad, JERA will work to enhance its enterprise value continuously.

Attachment: New Management and Organizational Structure along with Integration of Existing Thermal Power Generation Businesses