Virginia Electric offers 30-year senior notes via three bookrunners

By Devika Patel

Knoxville, Tenn., Nov. 26 – Virginia Electric and Power Co. expects to price fixed-rate 2018 series B senior notes due Dec. 1, 2048, according to a 424B5 filed with the Securities and Exchange Commission.

The notes feature a make-whole call until June 1, 2048 and then a par call.

Deutsche Bank Securities Inc., SunTrust Robinson Humphrey Inc. and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used for general corporate purposes and to repay short-term debt.

The electric utility is based in Richmond, Va.

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