Change of Directors

Niigata Power Systems Co., Ltd. announced a change of Directors as of June 29, 2005.

1.       Change of Board Members:

< New Appointment >

Mr. Yukimoto Ito, Director

< Change of Executives >

Mr. Goro Baba, Managing Director (former Director)

< Retirement >

Mr. Yoichiro Yokoyama (former Director)

[ For Reference ]

Board Members, Auditors, and Executive Officers as of July 1, 2005

              Mr. Mikao Sekine, Chairman & CEO

Mr. Ichiro Hashimoto, President & COO

Mr. Goro Baba, Managing Director

Mr. Yukimoto Ito, Director

Mr. Masahiro Nagasaki, Director

Mr. Kazuyoshi Kitamura, Auditor

Mr. Masayuki Ogino, Auditor

Mr. Toshio Inoue, Auditor

Mr. Fumio Iwafuchi, Executive Officer, General Manager of Quality & Environment Issues Department

Mr. Kazuhiko Motoyama, Executive Officer, General Manager of Administration Department

Mr. Koji Miura, Executive Officer, General Manager of Marketing & Sales Center

Mr. Yasuhiro Ito, Executive Officer, General Manager of Engineering & Technology Center

Mr. Takeshi Uruma, Executive Officer, General Manager of Procurement Center

Mr. Takashi Nakanishi, Executive Officer, General Manager of Production Center

Mr. Shunji Sakai, Executive Officer, General Manager of Customer Support Center