-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FxUQ6i8bZT3LXUvAw/TtWXlJBeJSUsj8Nfif9xfnS+dJJZynbcEq4rBZAOVVP4ck p42ZoLOUfgo+mgg4bCC2+w== 0001193125-08-080730.txt : 20080414 0001193125-08-080730.hdr.sgml : 20080414 20080414143834 ACCESSION NUMBER: 0001193125-08-080730 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080414 DATE AS OF CHANGE: 20080414 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VIRGINIA ELECTRIC & POWER CO CENTRAL INDEX KEY: 0000103682 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 540418825 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-130932 FILM NUMBER: 08754363 BUSINESS ADDRESS: STREET 1: 120 TREDEGAR ST CITY: RICHMOND STATE: VA ZIP: 23219 BUSINESS PHONE: 8048192000 MAIL ADDRESS: STREET 1: 120 TREDEGAR ST CITY: RICHMOND STATE: VA ZIP: 23219 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VIRGINIA ELECTRIC & POWER CO CENTRAL INDEX KEY: 0000103682 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 540418825 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 120 TREDEGAR ST CITY: RICHMOND STATE: VA ZIP: 23219 BUSINESS PHONE: 8048192000 MAIL ADDRESS: STREET 1: 120 TREDEGAR ST CITY: RICHMOND STATE: VA ZIP: 23219 FWP 1 dfwp.htm TERM SHEET Term Sheet

Filed pursuant to Rule 433

Preliminary Prospectus dated April 14, 2008

Registration No. 333-130932

 

VIRGINIA ELECTRIC AND POWER COMPANY

FINAL TERM SHEET

 

April 14, 2008

 

    

2008 Series A 5.40% Senior Notes Due 2018

     

Issuer:

   

Virginia Electric and Power Company

     

Principal Amount:

   

$600,000,000

     

Expected Ratings

(Moody’s/S&P/Fitch):

   

Baa1 (stable outlook)/A- (stable outlook)/BBB+ (stable outlook)

Trade Date:

   

April 14, 2008

     

Settlement Date:

   

April 17, 2008

     

Final Maturity Date:

   

April 30, 2018

     

Interest Payment Dates:

   

April 30 and October 30

     

First Interest Payment Date:

   

October 30, 2008

     

Call Provisions:

   

Make Whole Call at T+35 bps

     

Treasury Benchmark:

   

3.50% due February 15, 2018

     

Benchmark Yield:

   

3.479%

     

Spread to Benchmark:

   

+195 bps

     

Reoffer Yield:

   

5.429%

     

Coupon:

   

5.40%

     

Price to Public:

   

99.775%

     

Proceeds to Company Before Expenses:

   

99.125%

     

CUSIP/ISIN:

   

927804 FF6/US927804FF67

     

Joint Book-Running Managers:

   

Barclays Capital Inc.; Greenwich Capital Markets, Inc.; Wachovia Capital Markets, LLC

 

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling:

 

Barclays Capital Inc.

     

1-888-227-2275 (toll free) Ext. 2663

Greenwich Capital Markets, Inc.

     

1-866-884-2071 (toll free)

Wachovia Capital Markets, LLC

      1-800-326-5897 (toll free)

 

Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

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