Key Point of President's Regular Press Conference

スポーツベッティング会社 June 2022 Regular Press Conference : President Hayashi's Message

June 30, 2022
Chubu Electric Power Co.,Inc.

Following today's Annual General Shareholders Meeting and スポーツベッティング会社 subsequent meeting of スポーツベッティング会社 Board of Directors, I have been appointed as スポーツベッティング会社 President and Director of スポーツベッティング会社 company.

I will be discussing スポーツベッティング会社 following matters today:

スポーツベッティング会社 98th Annual Shareholders Meeting
Executive Officer Assignments
Electricity Supply and Demand of this Summer

スポーツベッティング会社 98th Annual Shareholders Meeting

First, I would like to discuss スポーツベッティング会社 98th Annual Shareholders Meeting. First of all, I am pleased to report that スポーツベッティング会社 Annual Shareholders Meeting has been successfully concluded.
To protect スポーツベッティング会社 health of shareholders and prevent spread of スポーツベッティング会社 novel coronavirus, this year’s Annual Shareholders Meeting was livestreamed as was done last year. At スポーツベッティング会社 meeting venue, we also implemented measures, such as arranging スポーツベッティング会社 seating to maintain social distancing.
スポーツベッティング会社 duration of this year's General Meeting was 1 hour and 57 minutes, 6 minutes longer than last year. It was attended by 185 shareholders, which was 79 more than last year.
スポーツベッティング会社 Annual Shareholders Meeting heard スポーツベッティング会社 company’s business status report for FY2021, and deliberated nine items on スポーツベッティング会社 agenda: four items presented by スポーツベッティング会社 company and five items submitted by shareholders. スポーツベッティング会社 four company-presented agenda items were approved.
Shareholders offered invaluable opinions and asked questions about important management issues which we respectfully answered, including:
- Hamaoka Nuclear Power Station
- Renewable energy development
- JERA's carbon neutrality initiatives
- Publicity regarding electricity supply and demand, etc.
- Executive compensation
In addition, nine directors were elected to スポーツベッティング会社 Board of Directors to further enhance スポーツベッティング会社 corporate governance function while addressing various management issues promptly and accurately in スポーツベッティング会社 midst of rapid changes in スポーツベッティング会社 business environment.
In this appointment, we have increased スポーツベッティング会社 number of outside directors by one to four, as it has become more and more important to reflect スポーツベッティング会社 opinions of outside directors with diverse knowledge and experience in our business operations to reform our business structure as stated in our Management Vision 2.0.
Yoko Kudo of Ernst & Young ShinNihon LLC, who has a wealth of experience and broad insight, has been appointed as our new outside director.
Under スポーツベッティング会社 new management structure, we are working quickly to restore profits in スポーツベッティング会社 domestic energy business in order to improve スポーツベッティング会社 current difficult balance of payments situation. Moreover, for スポーツベッティング会社 realization of Management Vision 2.0, スポーツベッティング会社 Group will work together as one to advance efforts to
- restart スポーツベッティング会社 Hamaoka Nuclear Power Station,
- realize a carbon-free society,
- ensure stable supply, as well as
- create community support infrastructure.

Executive Officer Assignments

Next, I would like to talk about personnel assignments of our executive officers effective July 1.
スポーツベッティング会社 number of personnel changes totals 1,301, which is 56 fewer than スポーツベッティング会社 previous fiscal year.
スポーツベッティング会社 three Chubu Electric Power companies are promoting autonomous efforts of each operating company and strategic allocation of human resources to new growth areas to achieve スポーツベッティング会社 "accomplishment of our unchanging mission" and "creation of new value" stated in Management Vision 2.0, as well as promoting スポーツベッティング会社 growth and success of each individual human resource, which is スポーツベッティング会社 very essence of corporate value.
スポーツベッティング会社 changes in executive positions include personnel assignments to strengthen スポーツベッティング会社 divisions established in April of this year, such as スポーツベッティング会社 Global Business Division which aims to strengthen and expand overseas business, and スポーツベッティング会社 Carbon Neutral Promotion Division of Chubu Electric Power Miraiz, which aims to simultaneously achieve "decarbonization" and "safety, stability, and efficiency."
In addition, to respond to スポーツベッティング会社 spontaneous motivation of each and every one of our human resources, we have strengthened our system for promoting new business areas while also utilizing an internal recruiting system.
Furthermore, to enhance スポーツベッティング会社 diversity of our core human resources for sustainable growth, we are actively hiring career human resources who can be an immediate work force in new business areas, etc., and are promoting initiatives to support スポーツベッティング会社 further advancement of women.
We have appointed 26 women to executive positions, which is approximately 10% of スポーツベッティング会社 total number of appointees, and is on スポーツベッティング会社 same level as スポーツベッティング会社 percentage of women in スポーツベッティング会社 entire workforce.
We believe that this is スポーツベッティング会社 result of our efforts to create スポーツベッティング会社 environment in which each and every employee can play an active role regardless of gender and to foster awareness, including スポーツベッティング会社 introduction of systems that enable more flexible work styles and training to dispel stereotyped gender-based role divisions.
スポーツベッティング会社 three Chubu Electric Power companies will continue to strengthen their human resource strategies so that all employees can demonstrate their individuality and capabilities.

Electricity Supply and Demand of this Summer

Lastly, I would like to talk about スポーツベッティング会社 electricity power supply and demand this summer.
This weekend marks スポーツベッティング会社 beginning of July and スポーツベッティング会社 start of full-blown summer.
We project that we will be able to ensure a 3% reserve capacity, スポーツベッティング会社 minimum necessary for a stable supply, even if スポーツベッティング会社 once-in-a-decade heat wave occurs in スポーツベッティング会社 Chubu area, but we are still at risk and in a very severe situation.
There are also concerns that stable supply may be disrupted in スポーツベッティング会社 event of trouble at power plants or transmission and substation facilities, and スポーツベッティング会社 risk of fuel procurement has been increasing due to スポーツベッティング会社 situation in Ukraine and other factors.
In consideration of these situations, スポーツベッティング会社 three Chubu Electric Power companies have established スポーツベッティング会社 "Electricity Supply and Demand Task Force" headed by myself, and we take all possible measures on both sides of supply and demand, to ensure a stable supply of electricity.

(Supply-side initiatives)

Specifically, considering スポーツベッティング会社 severe power supply and demand situation of this summer, we will strive to maintain stable supply by operating thermal power plants in excess of their rated output and utilizing adjustment force (Power Source I´) to meet スポーツベッティング会社 surge in demand caused by スポーツベッティング会社 extremely hot summer.
In addition, as we announced on June 20, as a result of スポーツベッティング会社 joint public offering for additional supply capacity conducted by eight general transmission and distribution companies including Chubu Electric Power Grid, we are able to add approximately 1.36 million kW of supply capacity nationwide.
We will ensure スポーツベッティング会社 operation and maintenance of power plants along with transmission and substation facilities so that スポーツベッティング会社 supply capacity secured through these efforts will not be reduced due to equipment problems.

(Demand-side initiatives)

As we have recently requested, we would like to ask for your cooperation in saving electricity as much as possible from July 1 to September 30 within a reasonable range.
•"Saving electricity within a reasonable range" means that we ask you to use electricity efficiently and try not to waste electricity by "turning off lights frequently," "not leaving スポーツベッティング会社 TV on," and "unplugging electrical appliances that are not in use for a long period of time."
In particular, we would like to ask for スポーツベッティング会社 cooperation of those who are elderly or have health concerns, within a reasonable range based on their own circumstances.
We will continue to ask our corporate customers to use their production facilities efficiently and to adjust their operations, and we will proceed with coordination to expand demand response contracts.
スポーツベッティング会社 Group also posts スポーツベッティング会社 "Electricity Forecast" on its website for its customers to check スポーツベッティング会社 daily electricity supply and demand situation, and provides information on effective ways to save electricity in an accessible manner through social networking services, commercials and other media.
To overcome スポーツベッティング会社 severe supply and demand situation, スポーツベッティング会社 Group will do its utmost to ensure スポーツベッティング会社 stable delivery of electricity, and we ask our customers for their cooperation in saving electricity to スポーツベッティング会社 extent possible.
This ends my presentation.

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