Virginia Electric calls 7 3/8% trust preferreds

By Susanna Moon

Chicago, May 2 - Virginia Electric and Power Co. (Vepco) said its subsidiary Virginia Power Capital Trust II will redeem all outstanding shares of its 7 3/8% trust preferred securities on May 19.

Vepco said it will pay $25 per security, or 100% of the liquidation amount of each trust preferred security, plus accrued distributions to the redemption date. The record date will be May 16.

The paying agent is the Bank of New York.

Vepco, a wholly owned subsidiary of Dominion, is a utility based in Richmond, Va.

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