0001193125-13-100749.txt : 20130311 0001193125-13-100749.hdr.sgml : 20130311 20130311143648 ACCESSION NUMBER: 0001193125-13-100749 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130311 DATE AS OF CHANGE: 20130311 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: 333-178772 FILM NUMBER: 13680364 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 d493965dfwp.htm FREE WRITING PROSPECTUS Free Writing Prospectus

Filed pursuant to Rule 433

Relating to Preliminary Prospectus Supplement dated March 11, 2013

to Prospectus dated December 28, 2011

Registration No. 333-178772

VIRGINIA ELECTRIC AND POWER COMPANY

FINAL TERM SHEET

March 11, 2013

2013 Series C 2.75% Senior Notes Due 2023

 

Principal Amount:

    $500,000,000

Expected Ratings

(Moody’s/S&P/Fitch)*:

    A3 (stable outlook)/A- (stable outlook)/A- (stable outlook)

Trade Date:

    March 11, 2013

Settlement Date:

    March 14, 2013

Final Maturity Date:

    March 15, 2023

Interest Payment Dates:

    March 15 and September 15

First Interest Payment Date:

    September 15, 2013

Make-Whole Call:

    T+ 12.5 bps prior to December 15, 2022

Par Call:

    On or after December 15, 2022

Treasury Benchmark:

    2% due February 15, 2023

Benchmark Yield:

    2.056%

Spread to Benchmark:

    + 73 bps

Reoffer Yield:

    2.786%

Coupon:

    2.75%

Price to Public:

    99.688%

Proceeds to Company Before Expenses:    

    99.038%

CUSIP/ISIN:

    927804 FN9/US927804FN91

Joint Book-Running Managers:

    Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC, UBS Securities 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, including the preliminary prospectus supplement dated March     , 2013, 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:

 

Deutsche Bank Securities Inc.

 

Morgan Stanley & Co. LLC

 

UBS Securities LLC

  

1-800-503-4611 (toll free)

 

1-866-718-1649 (toll free)

 

1-877-827-6444, ext. 5613884 (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.