PAGE 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 22, 1995
Virginia Electric and Power Company
(Exact name of registrant as specified in its charter)
Virginia 1-2255 54-0418825
(State of other juris- (Commission (IRS Employer
diction of Incorporation) File Number) Identification No.)
One James River Plaza, Richmond, Virginia 23261-6666
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (804)771-3000
(Former name or former address, if changed since last report.)
PAGE 2
ITEM 5. OTHER EVENTS
On March 22, 1995, Virginia Electric and Power Company
(the Company)entered into an underwriting agreement (the
Underwriting Agreement) with Salomon Brothers Inc as
representative of the Underwriters named in Schedule II of said
Underwriting Agreement, for the sale in the aggregate of $200
million principal amount of the Company's First and Refunding
Mortgage Bonds. Such bonds, which are designated the First and
Refunding Mortgage Bonds of 1995, Series A, 8 1/4%, due March 1,
2025 are a portion of the $760 million principal amount of the
First and Refunding Mortgage Bonds that were registered by the
Company pursuant to a registration statement on Form S-3 under
Rule 415 under the Securities Act of 1933, which registration
statement was declared effective on October 6, 1993 (File No.
33-50423). A copy of the Underwriting Agreement including
exhibits thereto, is filed as Exhibit 1 to this Form 8-K.
The designation of, and the terms and conditions
applicable to, the First and Refunding Mortgage Bonds of 1995,
Series A, 8 1/4% due March 1, 2025 were established as set forth
in the Eighty-Fourth Supplemental Indenture to the Company's
Indenture of Mortgage, dated November 1, 1935, as supplemented
and modified, and have been approved by the Board of Directors of
the Company. A copy of said Supplemental Indenture is filed as
Exhibit 4(i) to this Form 8-K.
Exhibits:
1 Underwriting Agreement, dated March 22, 1995, between the
Company and Salomon Brothers Inc, as representative of
the Underwriters named in Schedule II of said
Underwriting Agreement(filed herewith).
4(i) Form of Eighty-Fourth Supplemental Indenture, dated
March 1, 1995, as approved by the Company's Board of
Directors, pursuant to which the First and Refunding
Mortgage Bonds of 1995, Series A, 8 1/4%, due March 1,
2025, will be issued (filed herewith).
4(ii)Form of First and Refunding Mortgage Bonds of 1995,
Series A, 8 1/4%, due March 1, 2025 (filed herewith).
12 Statement regarding computation of ratios (filed
herewith).
PAGE 3
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report
to be signed on its behalf by the undersigned thereunto duly
authorized.
VIRGINIA ELECTRIC AND POWER COMPANY
Registrant
J. Kennerly Davis, Jr.
J. Kennerly Davis, Jr.
Vice President, Treasurer and
Corporate Secretary
Date: March 22, 1995