TEPCO Power Grid: Regarding the report to the Ministry of Economy, Trade and Industry on "Response to ensuring neutrality and reliability in general power transmission and distribution companies (urgent order)"

On February 10, 2018, we received the "Responses to Ensuring Neutrality and Reliability of General Power Transmission and Distribution Operators (Emergency Instructions)" from the Ministry of Economy, Trade and Industry. We will further strengthen our internal control system mainly through the following initiatives.

Original Press Release:

March 17 -- TEPCO Power Grid, Inc. issued the following news release:

On February 10, 2018, we received the "Responses to Ensuring Neutrality and Reliability of General Power Transmission and Distribution Operators (Emergency Instructions)" [*] from the Ministry of Economy, Trade and Industry.

Based on this emergency order, we have reported to the ministry today about the direction of our response and future efforts.

We take seriously the fact that we have caused concerns about the reliability of general power transmission and distribution companies, and we will clearly state that we will ensure neutrality as a general power transmission and distribution company in the basic policy of the internal control system. From the viewpoint of legal compliance, risk management, management transparency, etc., we will further strengthen our internal control system mainly through the following initiatives and promote the optimization of corporate behavior. I will continue.

This initiative will be rolled out sequentially from April this year.

* Establishment of a meeting body to evaluate the internal control system (evaluation by external experts)

* Clarification of officers regarding legal compliance, etc.

* Maintenance of the system infrastructure development

In addition to the above, we will also implement measures to strengthen system and information management.

Please refer to the attachment for details.

We will continue to do our best to ensure neutrality and reliability as a general power transmission and distribution business operator.

(1) In order to ensure compliance with laws and regulations, which is a prerequisite for the neutrality and reliability of general power transmission and distribution business, implement necessary measures such as periodic analysis of access logs of information systems.

(2) Develop organizations, systems, and mechanisms to ensure compliance with laws and regulations, such as multi-layered and periodic verification of the certainty of compliance with laws and regulations, and development of implementation organizations and systems.

Footnote:

[*] The contents of the emergency instruction are the following two points. https://www.meti.go.jp/press/2022/02/20230210005/20230210005.html

Disclaimer: The Above Content is Auto-Translated

Source: TEPCO Power Grid, Inc.

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