OREANDA-NEWS. Tohoku Electric Power Co., Inc. and Tokyo Gas Co., Ltd have agreed to establish a new electric power retail sales company through joint investment to carry out the electric power retailing business in the Kanto area.

The new company is scheduled to be established in October 2015. With the full-scale liberalization of electric power retailing, the two companies will make the maximum use of their accumulated business experience and competitive power sources for the stable supply of electric power to high-voltage and extra-high-voltage customers in the Kanto area through the new company.

In this way, both companies will work to achieve optimal and comfortable energy usage and cost reductions for customers, provide part of energy supply for the Kanto area, prosper together with local customers, and stimulate regional economies.