We study theoretically the thermopower in cobalt oxides generalizing the He
ikes formula. In the oxides, states of carriers are largely degenerate beca
use the crystalline field and Hund's rule coupling compete in cobalt ions.
It is shown that the degeneracy, together with strong correlation of 3d ele
ctrons, causes the large thermopower. The recent experiments in NaCo2O4 are
discussed in the light of the theoretical result.