Virginia Electric & Power Co. Announces $1.95B Senior Note Offerings

What Happened
Virginia Electric and Power Company announced on August 10, 2026 that it entered into an underwriting agreement to sell $1,250,000,000 of 2026 Series C 5.65% Senior Notes due 2036 and $700,000,000 of 2026 Series D 6.30% Senior Notes due 2056. The notes are registered under Rule 415 pursuant to a Form S-3 registration statement that became effective October 31, 2025. The Series C and Series D notes will be issued under the Twenty-Sixth and Twenty-Seventh Supplemental Indentures, respectively, to the company’s September 1, 2017 Senior Indenture.

Key Details

• Underwriting agreement dated August 10, 2026, with BMO Capital Markets, CIBC World Markets, Mizuho Securities USA, Morgan Stanley & Co., and TD Securities (USA) as representatives.
• $1,250,000,000 aggregate principal: 2026 Series C, 5.65% coupon, maturity 2036.
• $700,000,000 aggregate principal: 2026 Series D, 6.30% coupon, maturity 2056.
• Relevant indentures and the underwriting agreement are filed as exhibits to the Form 8-K.

Why It Matters
This filing notifies investors that the company is issuing nearly $1.95 billion of long-term, fixed-rate senior debt, which will affect its capital structure and future interest obligations. Retail investors should note the coupon rates and long maturities (2036 and 2056) and watch for subsequent filings with final pricing, use of proceeds, closing details, and any rating agency commentary.