Fitch rates Virginia Electric notes A

Fitch Ratings said it assigned an A rating to Virginia Electric and Power Co.'s (VEPCo) offering of 2023 series C senior notes due in 2033 and 2023 series D senior notes due 2053.

The agency last reviewed VEPCo’s ratings, including its A senior unsecured rating on Aug. 31, and took no action.

The proceeds will be used for general corporate purposes and to repay short-term debt, which included $1.3 billion in outstanding commercial paper as of July 31.

The outlook is stable.

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