A conceptual design has been developed for a tokamak Experimental Power Reactor to operate at net electrical power conditions with a plant capacity factor of 50 percent for 10 years. The EPR operates in a pulsed mode at a frequency of approximately 1/min., with an approximate 75 percent duty cycle, is capable of producing approximately 72 MWe and requires 42 MWe. The annual tritium consumption is 16 kg. The EPR vacuum chamber is 6.25 m in major radius and 2.4 m in minor radius, is constructed of 2-cm thick stainless steel, and has 2-cm thick detachable, beryllium-coated coolant panels mounted on the interior. An 0.28 m stainless steel blanket and a shield ranging from 0.6 to 1.0 m surround the vacuum vessel. The coolant is H2O. Sixteen niobium-titanium superconducting toroidal-field coils provide a field of 10 T at the coil and 4.47 T at the plasma. Superconducting ohmic-heating and equilibrium-field coils provide 135 V-s to drive the plasma current. Plasma heating is accomplished by 12 neutral beam-injectors, which provide 60 MW. The energy transfer and storage system consists of a central superconducting storage ring, a homopolar energy storage unit, and a variety of inductor-converters.