Investors Meeting for 6 Months Ended September 30, 2006 · Decrease by 6.4 TWh mailnly due to the suspention of Hamaoka unit #5 [Thermal power ... Interchan ged power Purchased

Investors Meeting for Investors Meeting for 6 Months Ended September 30, 20066 Months Ended September 30, 2006

November 1, 2006November 1, 2006

Takuo Takuo YamauchiYamauchi

Executive Vice President & DirectorExecutive Vice President & Director

Chubu Electric Power Company, Inc.Chubu Electric Power Company, Inc.

Interim ResultsInterim Results(April 1, 2006 (April 1, 2006 ��September 30, 2006)September 30, 2006)

SummarySummary<1>

[Consolidated] Revenues increased, income decreased

(billion yen,%)(billion yen,%)(billion yen,%)(billion yen,%)

9/069/069/069/06 9/059/059/059/05(A)(A)(A)(A) (B)(B)(B)(B) �� (A-B)/B(A-B)/B(A-B)/B(A-B)/B

Operating RevenuesOperating RevenuesOperating RevenuesOperating Revenues 1,101.51,101.51,101.51,101.5 1,038.21,038.21,038.21,038.2 63.263.263.263.2 6.16.16.16.1Operating IncomeOperating IncomeOperating IncomeOperating Income 152.1152.1152.1152.1 172.9172.9172.9172.9 -20.7-20.7-20.7-20.7 -12.0-12.0-12.0-12.0Ordinary IncomeOrdinary IncomeOrdinary IncomeOrdinary Income 110.2110.2110.2110.2 127.6127.6127.6127.6 -17.4-17.4-17.4-17.4 -13.7-13.7-13.7-13.7

Net IncomeNet IncomeNet IncomeNet Income 67.367.367.367.3 81.681.681.681.6 -14.3-14.3-14.3-14.3 -17.5-17.5-17.5-17.5

[Non-consolidated] Revenues increased, income decreased

(billion yen,%)(billion yen,%)(billion yen,%)(billion yen,%)

9/069/069/069/06 9/059/059/059/05(A)(A)(A)(A) (B)(B)(B)(B) �� (A-B)/B(A-B)/B(A-B)/B(A-B)/B

Operating RevenuesOperating RevenuesOperating RevenuesOperating Revenues 1,056.01,056.01,056.01,056.0 1,002.01,002.01,002.01,002.0 53.953.953.953.9 5.45.45.45.4Operating IncomeOperating IncomeOperating IncomeOperating Income 145.6145.6145.6145.6 167.2167.2167.2167.2 -21.5-21.5-21.5-21.5 -12.9-12.9-12.9-12.9Ordinary IncomeOrdinary IncomeOrdinary IncomeOrdinary Income 105.6105.6105.6105.6 122.2122.2122.2122.2 -16.6-16.6-16.6-16.6 -13.6-13.6-13.6-13.6

Net IncomeNet IncomeNet IncomeNet Income 65.765.765.765.7 78.978.978.978.9 -13.1-13.1-13.1-13.1 -16.7-16.7-16.7-16.7Rounded down to nearest 100 million yen

(First time ever since commencement of interim consolidated report)

(First time in interim for 10 years since 9/96)

ChangeChangeChangeChange


Rounded down to nearest 100 million yen

Electric Energy SoldElectric Energy Sold<2>

New record for a half year

(TWh,%�

9/06 9/05

�A� �B� �A�B� �A�B�/B

Electric lighting 16.9 16.6 0.3 1.6

Electric power 3.9 4.0 -0.1 -3.3

Subtotal 20.8 20.6 0.2 0.7

Commercial power 11.8 11.6 0.2 2.5

Industrial power, etc. 33.9 32.5 1.4 4.0

Subtotal 45.7 44.1 1.6 3.6

66.5 64.7 1.8 2.7

Change

Total

Dem

and

from

cust

omer

sun

der

regu

latio

n

Dem

and

from

cust

omer

sun

der

liber

aliz

atio

n

Output and Purchase of Electric PowerOutput and Purchase of Electric Power

<3>

[Hydroelectric power output]��Increase by 0.7 TWh although water spply rate was low (98.7%)[Nuclear power output]��Decrease by 6.4 TWh mailnly due to the suspention of Hamaoka unit #5[Thermal power output]��Consequently, increased by 6.4 TWh

(TWh,%�

9/06 9/05(A) (B) (A-B) (A-B)/B

Hydroelectric power 5.45.45.45.4 4.74.74.74.7 0.70.70.70.7(water supply rate) (98.7)(98.7)(98.7)(98.7) (81.4)(81.4)(81.4)(81.4) (17.3)(17.3)(17.3)(17.3)Thermal power 50.350.350.350.3 43.943.943.943.9 6.46.46.46.4 14.514.514.514.5Nuclear power 8.08.08.08.0 14.414.414.414.4 -6.4-6.4-6.4-6.4(utilization rate) (36.6)(36.6)(36.6)(36.6) (65.7)(65.7)(65.7)(65.7) (- 29.1)(- 29.1)(- 29.1)(- 29.1)

2.22.22.22.2 1.41.41.41.4 0.80.80.80.8 57.057.057.057.06.76.76.76.7 6.76.76.76.7 0.00.00.00.0 1.31.31.31.3

-0.9-0.9-0.9-0.9 -1.0-1.0-1.0-1.0 0.10.10.10.1 -10.8-10.8-10.8-10.871.771.771.771.7 70.170.170.170.1 1.61.61.61.6 2.32.32.32.3

Interchanged powerPurchased powerPower used for pumped storageTotal

Change

14.514.514.514.5

-44.4-44.4-44.4-44.4

ChubuElectric

NonNon--consolidated Statements of Incomeconsolidated Statements of Income��

<4>

�billion yen, �

RemarksRemarksRemarksRemarks

��

Electricity sales revenuesElectricity sales revenuesElectricity sales revenuesElectricity sales revenues 1,021.81,021.81,021.81,021.8 981.3981.3981.3981.3 40.540.540.540.5 4.14.14.14.1 ��Increase in electric energy sold�26.3

11.211.211.211.2 6.26.26.26.2 5.05.05.05.0 81.181.181.181.1 ��Increase in unit sales price 14.2

OtherOtherOtherOther 9.89.89.89.8 9.29.29.29.2 0.60.60.60.6 7.07.07.07.0 ��Sold power to other electric utilities 4.3

Electric utilityElectric utilityElectric utilityElectric utilityoperating revenuesoperating revenuesoperating revenuesoperating revenues

1,042.91,042.91,042.91,042.9 996.7996.7996.7996.7 46.146.146.146.1 4.64.64.64.6

Subsidiary enterpriseSubsidiary enterpriseSubsidiary enterpriseSubsidiary enterpriserevenuesrevenuesrevenuesrevenues 13.113.113.113.1 5.35.35.35.3 7.87.87.87.8 147.0147.0147.0147.0 ��Gas business 7.3

Total operatingTotal operatingTotal operatingTotal operatingrevenuesrevenuesrevenuesrevenues

1,056.01,056.01,056.01,056.0 1,002.01,002.01,002.01,002.0 53.953.953.953.9 5.45.45.45.4

Opera

ting R

evenues

Opera

ting R

evenues

Opera

ting R

evenues

Opera

ting R

evenues Sold power to otherSold power to otherSold power to otherSold power to other

electr ic utilit ies andelectr ic utilit ies andelectr ic utilit ies andelectr ic utilit ies andother companiesother companiesother companiesother companies

�� (A-B)/B(A-B)/B(A-B)/B(A-B)/B

ChangeChangeChangeChange9/059/059/059/059/069/069/069/06



<5>

PersonnnelPersonnnelPersonnnelPersonnnel 71.471.471.471.4 98.398.398.398.3 -26.9-26.9-26.9-26.9 -27.4-27.4-27.4-27.4

FuelFuelFuelFuel 318.8318.8318.8318.8 214.3214.3214.3214.3 104.4104.4104.4104.4 48.748.748.748.7

89.189.189.189.1 75.075.075.075.0 14.014.014.014.0 18.718.718.718.7

MaintenanceMaintenanceMaintenanceMaintenance 94.394.394.394.3 82.382.382.382.3 11.911.911.911.9 14.614.614.614.6

DepreciationDepreciationDepreciationDepreciation 149.8149.8149.8149.8 164.6164.6164.6164.6 -14.8-14.8-14.8-14.8 -9.0-9.0-9.0-9.0

Taxes other thanTaxes other thanTaxes other thanTaxes other thanincome taxesincome taxesincome taxesincome taxes 68.868.868.868.8 67.667.667.667.6 1.21.21.21.2 1.81.81.81.8

OthersOthersOthersOthers 108.0108.0108.0108.0 126.2126.2126.2126.2 -18.1-18.1-18.1-18.1 -14.4-14.4-14.4-14.4

Electr ic utilityElectr ic utilityElectr ic utilityElectr ic utilityoperating expensesoperating expensesoperating expensesoperating expenses 900.5900.5900.5900.5 828.7828.7828.7828.7 71.871.871.871.8 8.78.78.78.7

Subsidiary enterpriseSubsidiary enterpriseSubsidiary enterpriseSubsidiary enterpriseexpensesexpensesexpensesexpenses 9.89.89.89.8 6.16.16.16.1 3.73.73.73.7 59.959.959.959.9

Total operatingTotal operatingTotal operatingTotal operatingexpensesexpensesexpensesexpenses 910.4910.4910.4910.4 834.8834.8834.8834.8 75.575.575.575.5 9.09.09.09.0

Operatin

g E

xpenses

Operatin

g E

xpenses

Operatin

g E

xpenses

Operatin

g E

xpenses

(A-B)/B(A-B)/B(A-B)/B(A-B)/B

ChangeChangeChangeChange9/069/069/069/06 9/059/059/059/05

Purchased power fromPurchased power fromPurchased power fromPurchased power fromother electr ic utilit iesother electr ic utilit iesother electr ic utilit iesother electr ic utilit iesand other companiesand other companiesand other companiesand other companies

��

�billion yen, �

� Retirement benefit -26.1�Nuclear -2.9� Increase of consumption volume 31.0�Thermal 107.4� Increase of unit consumption price 76.4

� Purchased power from other electric utilities 11.4

� Thermal 5.1Distribution 4.7

� Thermal -6.2Nuclear -3.9

� Electric power development promotion tax 0.7

� Outsourcing -15.7

� Gas business 4.1

RemarksRemarksRemarksRemarks

9/06 9/05

��

LNG ($/b) ��

�� Coal ($/t) ��

��

CIF price for 9/06 is tentative.

FX rate (Yen/$)

Item

CIF price � Crude oil($/b)



<6>

9/069/069/069/06 9/059/059/059/05

��

145.6145.6145.6145.6 167.2167.2167.2167.2 -21.5-21.5-21.5-21.5 -12.9-12.9-12.9-12.9

Other revenuesOther revenuesOther revenuesOther revenues 5.15.15.15.1 1.81.81.81.8 3.33.33.33.3 176.3176.3176.3176.3InterestInterestInterestInterest expensesexpensesexpensesexpenses 38.438.438.438.4 44.544.544.544.5 -6.1-6.1-6.1-6.1 -13.9-13.9-13.9-13.9

OtherOtherOtherOther 6.76.76.76.7 2.22.22.22.2 4.54.54.54.5 203.1203.1203.1203.1

Other expensesOther expensesOther expensesOther expenses 45.145.145.145.1 46.846.846.846.8 -1.6-1.6-1.6-1.6 -3.5-3.5-3.5-3.5

105.6105.6105.6105.6 122.2122.2122.2122.2 -16.6-16.6-16.6-16.6 -13.6-13.6-13.6-13.6

-0.6-0.6-0.6-0.6 -6.6-6.6-6.6-6.6 5.95.95.95.9 -89.8-89.8-89.8-89.8

106.3106.3106.3106.3 128.8128.8128.8128.8 -22.5-22.5-22.5-22.5 -17.5-17.5-17.5-17.5

40.540.540.540.5 49.949.949.949.9 -9.3-9.3-9.3-9.3 -18.8-18.8-18.8-18.8

65.765.765.765.7 78.978.978.978.9 -13.1-13.1-13.1-13.1 -16.7-16.7-16.7-16.7Net incomeNet incomeNet incomeNet income

Income taxesIncome taxesIncome taxesIncome taxes


�� (A-B)/B(A-B)/B(A-B)/B(A-B)/B

Income beforeIncome beforeIncome beforeIncome beforeincome taxesincome taxesincome taxesincome taxes

Provision for (reversalProvision for (reversalProvision for (reversalProvision for (reversalof) reserve for droughtof) reserve for droughtof) reserve for droughtof) reserve for drought

Operating incomeOperating incomeOperating incomeOperating income

Oth

er

Oth

er

Oth

er

Oth

er

Ordinary incomeOrdinary incomeOrdinary incomeOrdinary income

�billion yen, �

Remarks

Decline in interest-bearing debt, Lower interest rate -3.9

Early repayment of interest-bearing debt -2.2


Comparison between Actual Result and July ForecastComparison between Actual Result and July Forecast

for 6 Months Ended September 30, 2006for 6 Months Ended September 30, 2006

<7>

[Non-consolidated][Non-consolidated][Non-consolidated][Non-consolidated] ��billion yenbillion yenbillion yenbillion yen��

9/069/069/069/06(Actual)(Actual)(Actual)(Actual)

9/069/069/069/06(July forecast)(July forecast)(July forecast)(July forecast)


OperatingOperatingOperatingOperatingrevenuesrevenuesrevenuesrevenues

1,056.01,056.01,056.01,056.0 1,025.01,025.01,025.01,025.0 31.031.031.031.0

OpertatingOpertatingOpertatingOpertatingexpensesexpensesexpensesexpenses

910.4910.4910.4910.4 905.0905.0905.0905.0 5.45.45.45.4

Operating incomeOperating incomeOperating incomeOperating income 145.6145.6145.6145.6 120.0120.0120.0120.0 25.625.625.625.6

Other revenuesOther revenuesOther revenuesOther revenues 5.15.15.15.1 5.05.05.05.0 0.10.10.10.1

Other expensesOther expensesOther expensesOther expenses 45.145.145.145.1 45.045.045.045.0 0.10.10.10.1

Ordinaly incomeOrdinaly incomeOrdinaly incomeOrdinaly income 105.6105.6105.6105.6 80.080.080.080.0 25.625.625.625.6

Net incomeNet incomeNet incomeNet income 65.765.765.765.7 51.051.051.051.0 14.714.714.714.7

Rounded down to nearest 100million yen

Consolidated Statements of IncomeConsolidated Statements of Income<8>

Conso lidated /Conso lidated /Conso lidated /Conso lidated /

Non-conso lidatedNon-conso lidatedNon-conso lidatedNon-conso lidated


1.041.041.041.04

OperatingOperatingOperatingOperatingincomeincomeincomeincome

1.041.041.041.04

OrdinalyOrdinalyOrdinalyOrdinalyincomeincomeincomeincome

1.041.041.041.04

Net incomeNet incomeNet incomeNet income 1.021.021.021.02

Size Comparison betweenSize Comparison betweenSize Comparison betweenSize Comparison betweenConsolidated Figures /Consolidated Figures /Consolidated Figures /Consolidated Figures /

Non-consolidated FiguresNon-consolidated FiguresNon-consolidated FiguresNon-consolidated Figures

9/069/069/069/06 9/059/059/059/05

��AAAA)))) ��BBBB)))) ��AAAA----BBBB)))) ��AAAA----BBBB)/)/)/)/BBBB

OperatingOperatingOperatingOperating revenuesrevenuesrevenuesrevenues 1,040.01,040.01,040.01,040.0 995.2995.2995.2995.2 44.744.744.744.7 4.54.54.54.5

Operating expencesOperating expencesOperating expencesOperating expences 893.7893.7893.7893.7 824.6824.6824.6824.6 69.069.069.069.0 8.48.48.48.4

Operating incomeOperating incomeOperating incomeOperating income 146.3146.3146.3146.3 170.5170.5170.5170.5 -24.2-24.2-24.2-24.2 -14.2-14.2-14.2-14.2

OperatingOperatingOperatingOperating revenuesrevenuesrevenuesrevenues 61.561.561.561.5 43.043.043.043.0 18.518.518.518.5 43.143.143.143.1


Operating incomeOperating incomeOperating incomeOperating income 5.85.85.85.8 2.32.32.32.3 3.43.43.43.4 149.4149.4149.4149.4

Total

Total

Total

Total

ItemsItemsItemsItemsO

pera

ting

Opera

ting

Opera

ting

Opera

ting


Ele

ctr

icit

yE

lectr

icit

yE

lectr

icit

yE

lectr

icit

ybusin

ess

busin

ess

busin

ess

busin

ess

Other

Other

Other

Other

business

business

business

business

OperatingOperatingOperatingOperating revenuesrevenuesrevenuesrevenues 1,101.51,101.51,101.51,101.5 1,038.21,038.21,038.21,038.2 63.263.263.263.2 6.16.16.16.1


Operating incomeOperating incomeOperating incomeOperating income 152.1152.1152.1152.1 172.9172.9172.9172.9 -20.7-20.7-20.7-20.7 -12.0-12.0-12.0-12.0

5.95.95.95.9 2.62.62.62.6 3.33.33.33.3 123.7123.7123.7123.7

47.847.847.847.8 47.947.947.947.9 -0.0-0.0-0.0-0.0 -0.1-0.1-0.1-0.1

110.2110.2110.2110.2 127.6127.6127.6127.6 -17.4-17.4-17.4-17.4 -13.7-13.7-13.7-13.7

67.367.367.367.3 81.681.681.681.6 -14.3-14.3-14.3-14.3 -17.5-17.5-17.5-17.5

Total

Total

Total

Total

Other revenuesOther revenuesOther revenuesOther revenues

Other expencesOther expencesOther expencesOther expencesOth

er

Oth

er

Oth

er

Oth

er

Internal transactions were eliminated. Rounded down to nearest 100 million yen.

Opera

ting

Opera

ting

Opera

ting

Opera

ting

Net incomeNet incomeNet incomeNet income

Ordinaly incomeOrdinaly incomeOrdinaly incomeOrdinaly income

Consolidated Balance SheetsConsolidated Balance Sheets<9>

((((billion yenbillion yenbillion yenbillion yen))))

9/069/069/069/06 3/063/063/063/06

�� (A-B)/B(A-B)/B(A-B)/B(A-B)/B

AssetsAssetsAssetsAssets 5,620.35,620.35,620.35,620.3 5,741.85,741.85,741.85,741.8 -121.5-121.5-121.5-121.5 -2.1-2.1-2.1-2.1

LiabilitiesLiabilitiesLiabilitiesLiabilities 3,881.93,881.93,881.93,881.9 4,071.64,071.64,071.64,071.6 -189.7-189.7-189.7-189.7 -4.7-4.7-4.7-4.7

Shareholders'Shareholders'Shareholders'Shareholders'equityequityequityequity

1,738.31,738.31,738.31,738.3 1,659.31,659.31,659.31,659.3 79.079.079.079.0 4.84.84.84.8

30.730.730.730.7 28.928.928.928.9 1.81.81.81.8 ----

(29.9)(29.9)(29.9)(29.9) (28.0)(28.0)(28.0)(28.0) (1.9)(1.9)(1.9)(1.9) ----

3,082.93,082.93,082.93,082.9 3,175.03,175.03,175.03,175.0 -92.0-92.0-92.0-92.0 -2.9-2.9-2.9-2.9

(3,012.8)(3,012.8)(3,012.8)(3,012.8) (3,101.1)(3,101.1)(3,101.1)(3,101.1) (-88.3)(-88.3)(-88.3)(-88.3) (- 2.8)(- 2.8)(- 2.8)(- 2.8)

Non-consolidated figures in parenthesesNon-consolidated figures in parenthesesNon-consolidated figures in parenthesesNon-consolidated figures in parentheses

Rounded down to nearest 100 million yenRounded down to nearest 100 million yenRounded down to nearest 100 million yenRounded down to nearest 100 million yen


Shareholders'Shareholders'Shareholders'Shareholders'equity ratioequity ratioequity ratioequity ratio

OutstandingOutstandingOutstandingOutstandinginterest-interest-interest-interest-bearing debtsbearing debtsbearing debtsbearing debts

Consolidated Statements of Cash FlowsConsolidated Statements of Cash Flows


((((AAAA----B)/(B)B)/(B)B)/(B)B)/(B)((((AAAA----B)B)B)B)((((B)B)B)B)((((A)A)A)A)

-�� -��.��.��.��Free cash flowsFree cash flowsFree cash flowsFree cash flows ��

�� .��.��.��Cash and cash equivalentsCash and cash equivalentsCash and cash equivalentsCash and cash equivalents

-�� .��-��.��-��.��Cash flows fromCash flows fromCash flows fromCash flows from

financing activitiesfinancing activitiesfinancing activitiesfinancing activities

�� -��.��-��.��-��....��Cash flows fromCash flows fromCash flows fromCash flows from

investing activities investing activities investing activities investing activities ��

-�� -��.��....��....��Cash flows fromCash flows fromCash flows fromCash flows from

operating activitiesoperating activitiesoperating activitiesoperating activities��

((((AAAA----B)/(B)B)/(B)B)/(B)B)/(B)((((AAAA----B)B)B)B)((((B)B)B)B)((((A)A)A)A)


<10>

((((billion yenbillion yenbillion yenbillion yen))))

Rounded down to nearest 100 million yenRounded down to nearest 100 million yenRounded down to nearest 100 million yenRounded down to nearest 100 million yen

Forecast for Full Fiscal Year Ending March 3�, 2007

Principal Figures on Which Forecast Are BasedPrincipal Figures on Which Forecast Are Based

<11>

[Electric Energy Sold for the Year Ending 3/07][Electric Energy Sold for the Year Ending 3/07][Electric Energy Sold for the Year Ending 3/07][Electric Energy Sold for the Year Ending 3/07] (TWh)

2nd half2nd half2nd half2nd half ��AAAA�� 2nd half2nd half2nd half2nd half

Electr ic lightingElectr ic lightingElectr ic lightingElectr ic lighting 18.418.418.418.4 35.3 34.9 0.4 18.718.718.718.7 35.3Electr ic powerElectr ic powerElectr ic powerElectr ic power 3.63.63.63.6 7.5 7.4 0.1 3.93.93.93.9 7.9

SubtotalSubtotalSubtotalSubtotal 22.022.022.022.0 42.8 42.3 0.5 22.622.622.622.6 43.2Commercial PowerCommercial PowerCommercial PowerCommercial Power 11.011.011.011.0 22.8 22.0 0.8 10.910.910.910.9 22.5Industr ial powerIndustr ial powerIndustr ial powerIndustr ial power 32.832.832.832.8 66.7 63.9 2.8 32.432.432.432.4 64.9

SubtotalSubtotalSubtotalSubtotal 43.843.843.843.8 89.5 85.9 3.6 43.343.343.343.3 87.465.865.865.865.8 132.3 128.2 4.1 65.965.965.965.9 130.6

[Major Factors][Major Factors][Major Factors][Major Factors]

��

Approx.69 Approx.65 4 55.8

Approx.118 Approx.120 -2 113

Approx.38 Approx.37 1 63.1

July forecastJuly forecastJuly forecastJuly forecast

CurrentCurrentCurrentCurrentforecastforecastforecastforecast

July forecastJuly forecastJuly forecastJuly forecast

Demand fromDemand fromDemand fromDemand fromcustomerscustomerscustomerscustomersunderunderunderunderliberalizationliberalizationliberalizationliberalization

TotalTotalTotalTotal

Demand fromDemand fromDemand fromDemand fromcustomerscustomerscustomerscustomersunderunderunderunderregulationregulationregulationregulation

CurrentCurrentCurrentCurrentforecastforecastforecastforecast


((((��))))

3/06 (actual)3/06 (actual)3/06 (actual)3/06 (actual)

3/06 (actual)3/06 (actual)3/06 (actual)3/06 (actual)

Nuclear power utilization rate(%)Nuclear power utilization rate(%)Nuclear power utilization rate(%)Nuclear power utilization rate(%)


((((��))))��

CIF price : crude oil ($/b)CIF price : crude oil ($/b)CIF price : crude oil ($/b)CIF price : crude oil ($/b)

Fx rate (yen/$)Fx rate (yen/$)Fx rate (yen/$)Fx rate (yen/$)

��AAAA��

Highlights of ForecastHighlights of Forecast��<12>

[Consolidated] Revenues increase, income decrease (first time in 10 years)��billion yenbillion yenbillion yenbillion yen��

3/073/073/073/07 3/073/073/073/07

(Current forecast)(Current forecast)(Current forecast)(Current forecast) (July forecast)(July forecast)(July forecast)(July forecast)

��AAAA�� (A)-(B)(A)-(B)(A)-(B)(A)-(B)Operating RevenuesOperating RevenuesOperating RevenuesOperating Revenues 2,200.02,200.02,200.02,200.0 2,135.02,135.02,135.02,135.0 65.065.065.065.0 2,150.52,150.52,150.52,150.5Operating IncomeOperating IncomeOperating IncomeOperating Income 180.0180.0180.0180.0 170.0170.0170.0170.0 10.010.010.010.0 322.1322.1322.1322.1Ordinary IncomeOrdinary IncomeOrdinary IncomeOrdinary Income 105.0105.0105.0105.0 95.095.095.095.0 10.010.010.010.0 219.6219.6219.6219.6

Net IncomeNet IncomeNet IncomeNet Income 63.063.063.063.0 57.057.057.057.0 6.06.06.06.0 119.4119.4119.4119.4Rounded down to nearest 100 million yen

��billion yenbillion yenbillion yenbillion yen��

3/073/073/073/07 3/073/073/073/07

(Current forecast)(Current forecast)(Current forecast)(Current forecast) (July forecast)(July forecast)(July forecast)(July forecast)

��AAAA�� (A)-(B)(A)-(B)(A)-(B)(A)-(B)Operating RevenuesOperating RevenuesOperating RevenuesOperating Revenues 2,115.02,115.02,115.02,115.0 2,050.02,050.02,050.02,050.0 65.065.065.065.0 2,069.32,069.32,069.32,069.3Operating IncomeOperating IncomeOperating IncomeOperating Income 170.0170.0170.0170.0 160.0160.0160.0160.0 10.010.010.010.0 308.4308.4308.4308.4Ordinary IncomeOrdinary IncomeOrdinary IncomeOrdinary Income 95.095.095.095.0 85.085.085.085.0 10.010.010.010.0 205.9205.9205.9205.9

Net IncomeNet IncomeNet IncomeNet Income 58.058.058.058.0 52.052.052.052.0 6.06.06.06.0 111.6111.6111.6111.6Rounded down to nearest 100 million yen



3/063/063/063/06(actual)(actual)(actual)(actual)

3/063/063/063/06(actual)(actual)(actual)(actual)

[Non-consolidated] Revenues increase, income decrease(first time in 10 years)

Highlights of ForecastHighlights of Forecast��<13>

[Non-consolidated][Non-consolidated][Non-consolidated][Non-consolidated] ��billion yenbillion yenbillion yenbillion yen��

3/073/073/073/07(Current(Current(Current(Currentforecast)forecast)forecast)forecast)

3/073/073/073/07(July forecast)(July forecast)(July forecast)(July forecast)

ChangeChangeChangeChange RemarksRemarksRemarksRemarks


2,115.0 2,050.0 65.0 �Electricity demand increase�+60

OpertatingOpertatingOpertatingOpertatingexpensesexpensesexpensesexpenses

1,945.0 1,890.0 55.0�Increase in thermal due to demand increase�+30�Increase in thermal due to fuel price +18

Operating incomeOperating incomeOperating incomeOperating income 170.0 160.0 10.0

Other incomeOther incomeOther incomeOther income 9.0 9.0 0.0

Other expensesOther expensesOther expensesOther expenses 84.0 84.0 0.0

Ordinaly incomeOrdinaly incomeOrdinaly incomeOrdinaly income 95.0 85.0 10.0

Net incomeNet incomeNet incomeNet income 58.0 52.0 6.0


��billion yenbillion yenbillion yenbillion yen��

Full Full Full Full FYFYFYFY

ending 3/07ending 3/07ending 3/07ending 3/07

1st half1st half1st half1st half

ended 9/06ended 9/06ended 9/06ended 9/06

2nd half 2nd half 2nd half 2nd half

ending 3/07ending 3/07ending 3/07ending 3/07

Electric energy sold �� 5.05.05.05.0 3.03.03.03.0 2.02.02.02.0

Crude oil price

(All Japan CIF)(1) �� 7.57.57.57.5 3.53.53.53.5 4.04.04.04.0

Coal price

(All Japan CIF) �� 1.11.11.11.1 0.60.60.60.6 0.50.50.50.5

Foreign exchange rate ��yenyenyenyen��$$$$ 5.25.25.25.2 2.42.42.42.4 2.82.82.82.8

Nuclear power

utilization rate (2) �� 2.82.82.82.8 1.31.31.31.3 1.51.51.51.5

Water supply rate �� 0.80.80.80.8 0.40.40.40.4 0.40.40.40.4

Interest rate �� 5.55.55.55.5 2.52.52.52.5 3.03.03.03.0

Income Sensitivity of Major FactorsIncome Sensitivity of Major FactorsIncome Sensitivity of Major FactorsIncome Sensitivity of Major FactorsIncome Sensitivity of Major FactorsIncome Sensitivity of Major FactorsIncome Sensitivity of Major FactorsIncome Sensitivity of Major Factors<14>

�Note 1) Impact of Crude oil price�� The impact value of crude oil price includes the impact of LNG price. �� Although LNG price is subject to crude oil price, its impact is limited because of less price sensitivity.�Note 2) Nuclear power utilization rate�� The impact value is calculated based on the generation cost per MWh between nuclear power and thermal �� power. Cost of thermal power generation is average of total thermal power generation.

Financial TargetsFinancial Targets�3 Year Average from Years Ended March 05 to March 07�

Targets will be achieved except free cash flows. It is due to such cause as the lump-sum funding for existing reserve for reprocessing of irradiated nuclear fuel (243.3 billion yen ) that was made in the fiscal year ended March 06

<15>

��Upper figuresUpper figuresUpper figuresUpper figures::::NonNonNonNon----consolidatedconsolidatedconsolidatedconsolidated, , , , Lower figuresLower figuresLower figuresLower figures::::ConsolidatedConsolidatedConsolidatedConsolidated)))) ��billion yenbillion yenbillion yenbillion yen��

ForcastForcastForcastForcast

3/053/053/053/05 3/063/063/063/06 3/073/073/073/07

ROAROAROAROA 4.5% or above4.5% or above4.5% or above4.5% or above 5.6%5.6%5.6%5.6% 5.5%5.5%5.5%5.5% Approx. 3 .1%Approx. 3 .1%Approx. 3 .1%Approx. 3 .1% Approx. 4 .7%Approx. 4 .7%Approx. 4 .7%Approx. 4 .7%

��Return on assetReturn on assetReturn on assetReturn on asset�� 4.5% or above4.5% or above4.5% or above4.5% or above 5.6%5.6%5.6%5.6% 5.5%5.5%5.5%5.5% Approx. 3 .2%Approx. 3 .2%Approx. 3 .2%Approx. 3 .2% Approx. 4 .8%Approx. 4 .8%Approx. 4 .8%Approx. 4 .8%

160 bil . or above160 bil . or above160 bil . or above160 bil . or above 185.3185.3185.3185.3 205.9205.9205.9205.9 Approx. 95.0Approx. 95.0Approx. 95.0Approx. 95.0 Approx. 162.0Approx. 162.0Approx. 162.0Approx. 162.0


170 bil . or below170 bil . or below170 bil . or below170 bil . or below 127.9127.9127.9127.9 124.3124.3124.3124.3 Approx. 180.0Approx. 180.0Approx. 180.0Approx. 180.0 Approx. 145.0Approx. 145.0Approx. 145.0Approx. 145.0

200 bil . or below200 bil . or below200 bil . or below200 bil . or below 149.9149.9149.9149.9 156.2156.2156.2156.2 Approx. 220.0Approx. 220.0Approx. 220.0Approx. 220.0 Approx. 175.0Approx. 175.0Approx. 175.0Approx. 175.0



3 ,000 bi l . or be low3 ,000 bi l . or be low3 ,000 bi l . or be low3 ,000 bi l . or be low 3,340.83,340.83,340.83,340.8 3,101.13,101.13,101.13,101.1 Approx . 2,980.0Approx . 2,980.0Approx . 2,980.0Approx . 2,980.0

3 ,100 bi l . or be low3 ,100 bi l . or be low3 ,100 bi l . or be low3 ,100 bi l . or be low 3,425.93,425.93,425.93,425.9 3,175.03,175.03,175.03,175.0 Approx . 3,040.0Approx . 3,040.0Approx . 3,040.0Approx . 3,040.0

Ordinaly incomeOrdinaly incomeOrdinaly incomeOrdinaly income

Capita l expendatureCapita l expendatureCapita l expendatureCapita l expendature

Free cash flowFree cash flowFree cash flowFree cash flow

OutstandingOutstandingOutstandingOutstandinginterest-interest-interest-interest-

bearing debtsbearing debtsbearing debtsbearing debts

TargetTargetTargetTargetResultResultResultResult

AverageAverageAverageAverage

AppendicesAppendicesAppendicesAppendices

Electric Energy SoldElectric Energy SoldElectric Energy SoldElectric Energy SoldElectric Energy SoldElectric Energy SoldElectric Energy SoldElectric Energy Sold<�>

Apr May Jun Jul Aug3,191 2,633 2,208 2,693 2,947

(3.8) (4.8) (3.8) (- 0.6) (- 2.6)

691 539 478 644 718

(- 0.2) (- 1.1) (- 1.1) (- 6.2) (- 7.6)

3,882 3,172 2,686 3,337 3,665

(3.1) (3.7) (2.9) (- 1.7) (- 3.6)

1,757 1,658 1,799 2,056 2,311

(3.6) (5.2) (3.2) (0.9) (1.0)

5,291 5,144 5,723 5,923 5,818

(4.3) (5.0) (3.0) (3.7) (6.1)

7,048 6,802 7,522 7,979 8,129

(4.2) (5.0) (3.1) (3.0) (4.6)

10,930 9,974 10,208 11,316 11,794

(3.8) (4.6) (3.0) (1.5) (1.9)

Figures in parentheses indicate pacentile change from previous yearFigures in parentheses indicate pacentile change from previous yearFigures in parentheses indicate pacentile change from previous yearFigures in parentheses indicate pacentile change from previous year

Total

ElectriclightingElectricpower

Subtotal

Commercialpower

Dem

and

from

cust

omer

s un

der

regu

latio

n

Dem

and

from

cust

omer

s un

der

liber

aliz

atio

n

Industrialpower

Subtotal

Sep 1st half3,238 16,90916,90916,90916,909

(1.4) (1.6)(1.6)(1.6)(1.6)

786 3,8573,8573,8573,857

(! 2.4) (- 3.3)(- 3.3)(- 3.3)(- 3.3)

4,024 20,76620,76620,76620,766

(0.6) (0.7)(0.7)(0.7)(0.7)

2,263 11,84411,84411,84411,844

(2.4) (2.5)(2.5)(2.5)(2.5)

5,961 33,86033,86033,86033,860

(2.3) (4.0)(4.0)(4.0)(4.0)

8,224 45,70445,70445,70445,704

(2.3) (3.6)(3.6)(3.6)(3.6)

12,248 66,47066,47066,47066,470

(1.7) (2.7)(2.7)(2.7)(2.7)

(GWh, %)

Industrial LargeIndustrial LargeIndustrial LargeIndustrial LargeIndustrial LargeIndustrial LargeIndustrial LargeIndustrial Large--------lot Demandlot Demandlot Demandlot Demandlot Demandlot Demandlot Demandlot Demand(year on year basis)(year on year basis)(year on year basis)(year on year basis)(year on year basis)(year on year basis)(year on year basis)(year on year basis)

<�>

()

1st half1.91.91.91.9

6.56.56.56.5

9.99.99.99.9

1.31.31.31.3

7.37.37.37.3

4.34.34.34.3

2.52.52.52.5

0.40.40.40.4

7.87.87.87.8

5.35.35.35.3

6.66.66.66.6

-2.7-2.7-2.7-2.7

2.22.22.22.2

""""

5.15.15.15.1

Apr May Jun Jul Aug SepPulp&Paper 7.77.77.77.7 0.20.20.20.2 -1.3-1.3-1.3-1.3 -1.1-1.1-1.1-1.1 6.66.66.66.6 """"

Chemicals 15.015.015.015.0 12.012.012.012.0 7.27.27.27.2 3.73.73.73.7 5.25.25.25.2 -1.5-1.5-1.5-1.5

Glass&Ceramics 9.59.59.59.5 13.213.213.213.2 11.111.111.111.1 8.28.28.28.2 10.510.510.510.5 7.37.37.37.3

Steel 1.21.21.21.2 4.34.34.34.3 -1.7-1.7-1.7-1.7 2.52.52.52.5 0.30.30.30.3 1.01.01.01.0

Nonferrous Metal 6.46.46.46.4 -1.9-1.9-1.9-1.9 -4.2-4.2-4.2-4.2 15.015.015.015.0 16.016.016.016.0 14.014.014.014.0

Subtotal 6.56.56.56.5 6.06.06.06.0 1.81.81.81.8 4.54.54.54.5 5.25.25.25.2 2.62.62.62.6

Foods -0.1-0.1-0.1-0.1 3.33.33.33.3 1.21.21.21.2 1.81.81.81.8 5.55.55.55.5 2.52.52.52.5

Textile&Apparel 17.617.617.617.6 -3.2-3.2-3.2-3.2 -5.6-5.6-5.6-5.6 -2.0-2.0-2.0-2.0 1.01.01.01.0 -1.4-1.4-1.4-1.4

Machinery 6.26.26.26.2 7.57.57.57.5 6.66.66.66.6 7.77.77.77.7 14.214.214.214.2 4.94.94.94.9

Others 4.54.54.54.5 8.18.18.18.1 4.84.84.84.8 4.44.44.44.4 7.07.07.07.0 3.43.43.43.4

Subtotal 5.65.65.65.6 7.07.07.07.0 5.55.55.55.5 6.36.36.36.3 11.511.511.511.5 4.24.24.24.2

Railway -2.0-2.0-2.0-2.0 -2.2-2.2-2.2-2.2 -3.0-3.0-3.0-3.0 -2.7-2.7-2.7-2.7 -1.8-1.8-1.8-1.8 -4.1-4.1-4.1-4.1

Others 3.83.83.83.8 4.44.44.44.4 2.02.02.02.0 2.12.12.12.1 1.61.61.61.6 """"

Subtotal 1.11.11.11.1 1.31.31.31.3 -0.3-0.3-0.3-0.3 -0.1-0.1-0.1-0.1 """" -1.8-1.8-1.8-1.8

5.35.35.35.3 5.95.95.95.9 3.73.73.73.7 5.05.05.05.0 8.28.28.28.2 3.03.03.03.0

Mat

eria

l Sup

plie

rsM

anuf

actu

res

Util

ities

Total

Growth in Number of AllGrowth in Number of AllGrowth in Number of AllGrowth in Number of AllGrowth in Number of AllGrowth in Number of AllGrowth in Number of AllGrowth in Number of All--------Electric HomesElectric HomesElectric HomesElectric HomesElectric HomesElectric HomesElectric HomesElectric Homesin the Chubu Regionin the Chubu Regionin the Chubu Regionin the Chubu Regionin the Chubu Regionin the Chubu Regionin the Chubu Regionin the Chubu Region

280

250

195

160137

1201097.5%

10.0%

14.6%16.5%

21.9%

28.5%

0

50

100

150

200

250

300

3/01 3/02 3/03 3/04 3/05 3/06 9/060%

5%

10%

15%

20%

25%

30%Cumulative number of all-electric homesIncreasing rate(yoy basis)

<#>

-Image of ‘safe & clean’ and economical electric appliances are boosting the steadyincrease of all-electric homes.

DISCLAIMER

This presentation contains forward-looking statements with respect to the financial conditions, results of operations, and business of the company. These assumptions and forward-looking statements involve certain risks and uncertainties resulting from changes in the managerial environment.

Though great care is exercised in the preparation of such literature, Chubu Electric Power Co.,Inc. shall not be liable in any manner for any loss whatever incurred as a result of erroneous information contained therein or in this presentation.

Documents

Investors Meeting for 6 Months Ended September 30, 2006 · Decrease by 6.4 TWh mailnly due to the suspention of Hamaoka unit #5 [Thermal power ... Interchan ged power Purchased