October 1, 2019
TEPCO Energy Partner, Incorporated
TOKAI Holdings Corporation

Establishment of New Company “T&T Energy Co., Ltd.” to Expand Sales Areaof City Gas for Households-Commencement of Sales in Three Tokai Region PrefecturesTEPCO Energy Partner, Incorporated (Headquarters: Chuo-ku, Tokyo; President: Nobuhide Akimoto;hereinafter “TEPCO EP”) and TOKAI CORPORATION (Headquarters: Aoi-ku, Shizuoka City, Shizuoka
Prefecture; Representative Director and President: Katsuo Oguri; hereinafter “TOKAI”), a subsidiary ofTOKAI Holdings Corporation, has established, as of October 1, 2019, a new company “T&T Energy Co.,
Ltd.” (hereinafter “T&T Energy”) to expand the sales area of household-use city gas. T&T Energy willconduct retail business, etc. of city gas in the three Tokai region prefectures of Aichi, Gifu, and Mie (city gas
supply area of TOHO GAS Co., Ltd.).
1.

Background of Establishment
TEPCO EP and TOKAI concluded a business alliance agreement in October 2015 in regard to sales ofelectric power, and since the full liberalization of retail electricity market in April 2016, the twocompanies have been jointly conducting marketing activities. In tandem with this initiative, continuous
review has been made to launch city gas retail business which utilizes the two company’s strengths in anew area other than the Kanto region and Shizuoka Prefecture. This as a result, has led to theestablishment of the said new company.

2.

Outline of New Company
The new company will utilize the strengths of TEPCO EP and TOKAI - TEPCO EP’s know-how suchas the gas procurement capability nurtured in the city gas retail business, and TOKAI’s sales network inthe Tokai region established to date as a gas operator - to provide city gas services for households
responding to various customer needs.

3.

Future Developments
By the end of 2019, sales of city gas for households will be launched to customers in the three Tokai
region prefectures through business partners. Commencement of sales with electricity as a set is alsoplanned by the end of FY2020. Furthermore, consideration of expanding sales to areas other than thethree Tokai region prefectures will be pursued through business alliance with various companies.
The new company will aim to conclude 10,000 city gas-related contracts by the next fiscal year. Efforts
will also be made to provide various services including electricity and gas, so as to be chosen
continuously by customers in the more competitive energy market.
【Media inquiries with respect to this press release】
TEPCO Energy Partner, Incorporated Public Relations and Planning Group+81-(0)50-3116-3147
TOKAI Holdings Corporation Investor Relations Office+81-(0)3-5404-2891

(Reference)
Business Image of T&T Energy Co., Ltd.

TEPCO EP
50%

50%

sharesshares(New company) T&T Energy

City gas sales throughbusiness alliance

General household customers (three Tokai region prefectures)

Further sales of electricity by the end of 2020!
Potential expansion to areas other than thethree Tokai region prefectures

Outline of T&T Energy Co., Ltd.
Company Name

T&T Energy Co.,Ltd.

Location ofHeadquarters

2-33-10 Meisei, Nishi-ku, Nagoya City, Aichi Prefecture

Representative

Representative Director and President

Date of Establishment

October 1, 2019

Capital

250 million yen

Hiroshi Sakai

Investment ratio

TEPCO Energy Partner, Incorporated 50%,TOKAI CORPORATION 50%

Outline of Business

Retail gas business, retail electricity business