Change of Directors and Auditors

June 29, 2006

Niigata Power Systems Co., Ltd. announced a change of Directors and Auditors as of June 28, 2006.

1.       Change of Board Members:

< New Appointment >

Mr. Yuji Mashiyama, Director

Mr. Shunji Sakai, Director

Mr. Yasuhiro Itoh, Director

Mr. Shinya Oishi, Director

Mr. Hideyuki Yamane, Auditor

< Retirement >

Mr. Yukimoto Itoh (former Director)

Mr. Toshio Inoue (former Auditor)

2.       New appoiment of Executive Officers as of July 1, 2006.

              Mr. Yuji Matsui, Executive Officer, General Manager of Marketing & Sales Center

Mr. Tsutomu Baba, Executive Officer, General Manager of Production Center

[ For Reference ]

Board Members, Auditors, and Executive Officers as of July 1, 2006

Mr. Mikao Sekine, Chairman & CEO

Mr. Ichiro Hashimoto, President & COO

Mr. Goro Baba, Managing Director

Mr. Masahiro Nagasaki, Director

Mr. Yuji Mashiyama, Director

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

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

Mr. Shinya Oishi, Director

Mr. Kazuyoshi Kitamura, Auditor

Mr. Hideyuki Yamane, Auditor

Mr. Masayuki Ogino, Auditor

Mr. Takashi Nakanishi, Executive Officer, General Manager of Quality & Environment Issues Department

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

Mr. Yuji Matsui, Executive Officer, General Manager of Marketing & Sales Center

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

Mr. Tsutomu Baba, Executive Officer, General Manager of Production Center