Virginia Electric & Power plans to issue 10-, 30-year senior notes

By Aleesia Forni

Virginia Beach, May 11 – Virginia Electric & Power Co. is planning to price series A senior notes due 2025 and series B senior notes due 2045, according to a 424B5 filing with the Securities and Exchange Commission.

BNP Paribas Securities Corp., J.P. Morgan Securities LLC and Mizuho Securities are the joint bookrunners.

The company plans to use the proceeds for general corporate purposes, including the repayment of short-term debt.

The electric utility is based in Richmond, Va.

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