FORM OF SEVENTEENTH SUPPLEMENTAL INDENTURE



 EXHIBIT 4.3 
 VIRGINIA ELECTRIC AND POWER COMPANY 
 Issuer 
 AND 
 THE BANK OF NEW YORK 
 (successor to JPMorgan Chase Bank, N.A. 
 (formerly known as The Chase Manhattan Bank))

 Trustee 
  


Seventeenth Supplemental Indenture 
 Dated
as of November 1, 2007 
  

 $450,000,000 
 2007 Series D 6.35% Senior Notes 
 Due 2037 







 TABLE OF CONTENTS* 
  

					
		  	ARTICLE I	  	
		  	2007 SERIES D 6.35% SENIOR NOTES DUE 2037	  	
			
	SECTION 101.	  	Establishment	  	1
	SECTION 102.	  	Definitions	  	2
	SECTION 103.	  	Payment of Principal and Interest	  	4
	SECTION 104.	  	Denominations	  	5
	SECTION 105.	  	Global Securities	  	5
	SECTION 106.	  	Redemption.	  	6
	SECTION 107.	  	Sinking Fund	  	6
	SECTION 108.	  	Additional Interest	  	7
	SECTION 109.	  	Paying Agent	  	7
			
		  	ARTICLE II	  	
		  	MISCELLANEOUS PROVISIONS	  	
			
	SECTION 201.	  	Recitals by Company	  	7
	SECTION 202.	  	Ratification and Incorporation of Original Indenture	  	7
	SECTION 203.	  	Executed in Counterparts	  	7
	SECTION 204.	  	Assignment	  	7



	 *
	 This Table of Contents does not constitute part of the Indenture or have any
bearing upon the interpretation of any of its terms and provisions. 









 THIS SEVENTEENTH SUPPLEMENTAL INDENTURE is made as
of the 1st day of November, 2007, by and between VIRGINIA ELECTRIC AND POWER COMPANY, a Virginia corporation, having its principal office at 120 Tredegar
Street, Richmond, Virginia 23219 (the “Company”), and THE BANK OF NEW YORK (successor to JPMorgan Chase Bank, N.A. (formerly known as The Chase Manhattan Bank)), a New York banking corporation, as Trustee (herein called the
“Trustee”). 
 WITNESSETH: 
 WHEREAS, the Company has heretofore entered into a Senior Indenture, dated as of June 1, 1998 (the “Original Indenture”), as heretofore supplemented and amended, with the Trustee; 
 WHEREAS, the Original Indenture is incorporated herein by this reference and the Original Indenture, as heretofore supplemented and amended and as
further supplemented by this Seventeenth Supplemental Indenture, is herein called the “Indenture”; 
 WHEREAS, under the Original
Indenture, a new series of Securities may at any time be established in accordance with the provisions of the Original Indenture and the terms of such series may be described by a supplemental indenture executed by the Company and the Trustee;

 WHEREAS, the Company proposes to create under the Indenture a series of Securities; 
 WHEREAS, additional Securities of other series hereafter established, except as may be limited in the Original Indenture as at the time supplemented and
modified, may be issued from time to time pursuant to the Indenture as at the time supplemented and modified; and 
 WHEREAS, all conditions
necessary to authorize the execution and delivery of this Seventeenth Supplemental Indenture and to make it a valid and binding obligation of the Company have been done or performed. 
 NOW, THEREFORE, in consideration of the agreements and obligations set forth herein and for other good and valuable consideration, the sufficiency of
which is hereby acknowledged, the parties hereto hereby agree as follows: 
 ARTICLE I 
 2007 SERIES D 6.35% SENIOR NOTES DUE 2037 
 SECTION 101. Establishment. There is hereby established a new series of Securities to be issued under the Indenture, to be designated as the Company’s 2007 Series D 6.35% Senior Notes Due 2037, (the “Series D Senior
Notes”). 
 There are to be initially authenticated and delivered $450,000,000 principal amount of Series D Senior Notes, and such
principal amount of the Series D Senior Notes may be increased from time to time pursuant to Section 301 of the Indenture. All Series D Senior Notes need not be issued at the same time and such series may be reopened at any time, without the
consent of any Holder, for issuances of additional Series D Senior Notes. Any such additional Series D Senior Notes will have the same interest rate, maturity and other terms as those initially issued. Further Series D Senior Notes may also be
authenticated and delivered as provided by Sections 304, 305, 306, 906 and 1106 of the Original Indenture. 







 The Series D Senior Notes shall be issued in definitive fully registered form without coupons, in
substantially the form set out in Exhibit A hereto. The entire initially issued principal amount of the Series D Senior Notes shall initially be evidenced by one or more certificates issued to Cede & Co., as nominee for The
Depository Trust Company. 
 The form of the Trustee’s Certificate of Authentication for the Series D Senior Notes shall be in
substantially the form set forth in Exhibit B hereto. 
 Each Series D Senior Note shall be dated the date of authentication thereof
and shall bear interest from the date of original issuance thereof or from the most recent Interest Payment Date to which interest has been paid or duly provided for. 
 SECTION 102. Definitions. The following defined terms used herein shall, unless the context otherwise requires, have the meanings specified below. Capitalized terms used herein for which no definition is
provided herein shall have the meanings set forth in the Original Indenture. 
 “Adjusted Treasury Rate” means, with respect to any
Redemption Date: (i) the yield, under the heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which
is published weekly by the Board of Governors of the Federal Reserve System and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,”
for the maturity corresponding to the Comparable Treasury Issue (if no maturity is within three months before or after the Remaining Life, yields for the two published maturities most closely corresponding to the Comparable Treasury Issue shall be
determined and the Adjusted Treasury Rate shall be interpolated or extrapolated from such yields on a straight line basis, rounding to the nearest month); or (ii) if such release (or any successor release) is not published during the week
preceding the calculation date or does not contain such yields, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a
percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. 
 “Business Day” means a day
other than (i) a Saturday or a Sunday, (ii) a day on which banks in New York, New York are authorized or obligated by law or executive order to remain closed or (iii) a day on which the Corporate Trust Office is closed for business.

 “Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having a
maturity comparable to the remaining term of the Series D Senior Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of
comparable maturity to the Remaining Life. 
  

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 “Comparable Treasury Price” for any Redemption Date means (i) the average of the Reference
Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (ii) if the Independent Investment Banker obtains fewer than five such Reference Treasury Dealer Quotations,
the average of all such quotations. 
 “Independent Investment Banker” means Goldman, Sachs & Co.; Merrill Lynch, Pierce,
Fenner & Smith Incorporated; Morgan Stanley & Co. Incorporated or Wachovia Capital Markets, LLC and their respective successors as selected by the Company, or if none of such firms is willing or able to serve as such, an
independent investment and banking institution of national standing appointed by the Company. 
 “Interest Payment Dates” means
May 30 and November 30 of each year, commencing on May 30, 2008. 
 “Original Issue Date” means December 4,
2007. 
 “Outstanding,” when used with respect to the Series D Senior Notes, means, as of the date of determination, all Series D
Senior Notes, theretofore authenticated and delivered under the Indenture, except: 
 (i) Series D Senior Notes theretofore canceled by the
Trustee or delivered to the Trustee for cancellation; 
 (ii) Series D Senior Notes for whose payment at Maturity the necessary amount of
money or money’s worth has been theretofore deposited (other than pursuant to Section 1303 of the Original Indenture) with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the
Company (if the Company shall act as its own Paying Agent) for the Holders of such Series D Senior Notes; provided that, if such Series D Senior Notes are to be redeemed, notice of such redemption has been duly given pursuant to the Original
Indenture or provision therefor satisfactory to the Trustee has been made; 
 (iii) Series D Senior Notes with respect to which the Company
has effected Defeasance pursuant to Section 1302 of the Original Indenture; and 
 (iv) Series D Senior Notes that have been paid
pursuant to Section 306 of the Original Indenture or in exchange for or in lieu of which other Series D Senior Notes have been authenticated and delivered pursuant to the Indenture, other than any such Series D Senior Notes in respect of which
there shall have been presented to the Trustee proof satisfactory to it that such Series D Senior Notes are held by a bona fide purchaser in whose hands such Series D Senior Notes are valid obligations of the Company; provided, however, that in
determining whether the Holders of the requisite principal amount of Outstanding Series D Senior Notes have given, made or taken any request, demand, authorization, direction, notice, consent or waiver or other action hereunder as of any date,
Series D Senior Notes owned by the Company or any other obligor upon the Series D Senior Notes or any Affiliate of the Company or such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the
Trustee shall be 

  

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protected in making any such determination or relying upon any such request, demand, authorization, direction, notice, consent, waiver or other action only
Series D Senior Notes which the Trustee actually knows to be so owned shall be so disregarded. Series D Senior Notes so owned which shall have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction
of the Trustee (A) the pledgee’s right so to act with respect to such Series D Senior Notes and (B) that the pledgee is not the Company or any other obligor upon the Series D Senior Notes or an Affiliate of the Company or such other
obligor. 
 “Reference Treasury Dealer” means: (i) Goldman, Sachs & Co.; Merrill Lynch, Pierce, Fenner &
Smith Incorporated; Morgan Stanley & Co. Incorporated and one other primary U.S. Government securities dealer in the United States (a “Primary Treasury Dealer”) selected by Wachovia Capital Markets, LLC and their respective
successors; provided that, if any such firm or its successors ceases to be a Primary Treasury Dealer, the Company shall substitute another Primary Treasury Dealer; and (ii) up to one other Primary Treasury Dealer selected by the Company.

 “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the
average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Independent Investment Banker at
5:00 p.m., New York City time, on the third Business Day preceding such Redemption Date. 
 “Regular Record Date” means, with respect to each Interest Payment Date, the close of business on the Business Day preceding such Interest Payment Date; provided, that with respect to Series D Senior Notes that are not
represented by one or more Global Securities, the Regular Record Date shall be the close of business on the 15th calendar day (whether or not a Business
Day) preceding such Interest Payment Date. 
 “Remaining Life” means the remaining term of the Series D Senior Notes.

 “Stated Maturity” means November 30, 2037. 
 SECTION 103. Payment of Principal and Interest. The principal of the Series D Senior Notes shall be due at the Stated Maturity (unless earlier redeemed). The unpaid principal amount of the Series D Senior Notes
shall bear interest at the rate of 6.35% per annum until paid or duly provided for, such interest to accrue from the Original Issue Date or from the most recent Interest Payment Date to which interest has been paid or duly provided for.
Interest shall be paid semi-annually in arrears on each Interest Payment Date to the Person in whose name the Series D Senior Notes are registered on the Regular Record Date for such Interest Payment Date; provided that interest payable at the
Stated Maturity of principal or on a Redemption Date as provided herein will be paid to the Person to whom principal is payable. Any such interest that is not so punctually paid or duly provided for will forthwith cease to be payable to the Holders
on such Regular Record Date and may either be paid to the Person or Persons in whose name the Series D Senior Notes are registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the
Trustee (in accordance with Section 307 of the Original Indenture), notice whereof shall be given to Holders of the Series D Senior Notes not less than ten (10) days prior to such Special Record Date, or be paid at any time in any other
lawful manner not inconsistent with the requirements of any securities exchange, if any, on which the Series D Senior Notes may be listed, and upon such notice as may be required by any such exchange, all as more fully provided in the Original
Indenture. 
  

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 Payments of interest on the Series D Senior Notes will include interest accrued to but excluding the
respective Interest Payment Dates. Interest payments for the Series D Senior Notes shall be computed and paid on the basis of a 360-day year of twelve 30-day months. In the event that any date on which interest is payable on the Series D Senior
Notes is not a Business Day, then payment of the interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay), in each case with the same force and
effect as if made on the date the payment was originally payable. 
 Payment of the principal and interest on the Series D Senior Notes shall
be made at the office of the Paying Agent in such currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any Series D
Senior Notes or on a Redemption Date being made upon surrender of such Series D Senior Notes to the Paying Agent. Payments of interest (including interest on any Interest Payment Date) will be made, subject to such surrender where applicable, at the
option of the Company, (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the
United States as may be designated in writing to the Trustee at least sixteen (16) days prior to the date for payment by the Person entitled thereto. In the event that any date on which principal and interest is payable on the Series D Senior
Notes is not a Business Day, then payment of the principal and interest payable on such date will be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay), in each case with the
same force and effect as if made on the date the payment was originally payable. 
 SECTION 104. Denominations. The Series D Senior
Notes may be issued in denominations of $1,000, or any integral multiple thereof. 
 SECTION 105. Global Securities. The Series D
Senior Notes will be issued initially in the form of one or more Global Securities registered in the name of the Depositary (which shall be The Depository Trust Company) or its nominee. Except under the limited circumstances described below, Series
D Senior Notes represented by such Global Securities will not be exchangeable for, and will not otherwise be issuable as, Series D Senior Notes in definitive form. The Global Securities described above may not be transferred except by the Depositary
to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or to a successor Depositary or its nominee. 
 Owners of beneficial interests in such a Global Security will not be considered the Holders thereof for any purpose under the Indenture, and no Global Security representing a Series D Senior Note shall be
exchangeable, except for another Global Security of like denomination and tenor to be registered in the name of the Depositary or its nominee or to a successor Depositary or its nominee or except as described below. The rights of Holders of such
Global Security shall be exercised only through the Depositary. 
  

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 A Global Security shall be exchangeable for Series D Senior Notes registered in the names of persons
other than the Depositary or its nominee only if (i) the Depositary notifies the Company that it is unwilling or unable to continue as a Depositary for such Global Security and no successor Depositary shall have been appointed by the Company
within 90 days of receipt by the Company of such notification, or if at any time the Depositary ceases to be a clearing agency registered under the Exchange Act at a time when the Depositary is required to be so registered to act as such Depositary
and no successor Depositary shall have been appointed by the Company within 90 days after it becomes aware of such cessation, or (ii) the Company in its sole discretion and subject to the procedures of the Depositary determines that such Global
Security shall be so exchangeable. Any Global Security that is exchangeable pursuant to the preceding sentence shall be exchangeable for Series D Senior Notes registered in such names as the Depositary shall direct. 
 SECTION 106. Redemption. The Series D Senior Notes are redeemable, in whole or in part, at any time, and at the option of the Company, at a
Redemption Price equal to the greater of: 
 (i) 100% of the principal amount of Series D Senior Notes then Outstanding to be so redeemed, or

 (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of
such payments of interest accrued as of the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate, plus 30 basis points, as calculated by
an Independent Investment Banker, 
 plus, in either of the above cases, accrued and unpaid interest thereon to the Redemption Date.

 The Adjusted Treasury Rate shall be calculated on the third Business Day preceding the Redemption Date. 
 Notwithstanding Section 1104 of the Original Indenture, (x) notice of redemption under this Section 106 shall with respect to the Series D
Senior Notes be given by first-class mail, postage prepaid, mailed not less than 20 nor more than 60 days prior to the Redemption Date, to each Holder of Series D Senior Notes to be redeemed, at his address appearing in the Security Register, and
(y) the notice of such redemption need not set forth the Redemption Price but only the manner of calculation thereof. The Company shall notify the Trustee of the Redemption Price promptly after the calculation thereof and the Trustee shall have
no responsibility for such calculation. 
 SECTION 107. Sinking Fund. The Series D Senior Notes shall not have a sinking fund.

  

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 SECTION 108. Additional Interest. Any principal of and installment of interest on the Series D
Senior Notes that is overdue shall bear interest at the rate of 6.35% (to the extent that the payment of such interest shall be legally enforceable), from the dates such amounts are due until they are paid or made available for payment, and such
interest shall be payable on demand. 
 SECTION 109. Paying Agent. The Trustee shall initially serve as Paying Agent with respect to
the Series D Senior Notes, with the Place of Payment initially being the Corporate Trust Office of the Trustee. 
 ARTICLE II

 MISCELLANEOUS PROVISIONS 
 SECTION 201. Recitals by Company. The recitals in this Seventeenth Supplemental Indenture are made by the Company only and not by the Trustee, and all of the provisions contained in the Original Indenture in respect of the rights,
privileges, immunities, powers and duties of the Trustee shall be applicable in respect of the Series D Senior Notes and of this Seventeenth Supplemental Indenture as fully and with like effect as if set forth herein in full. 
 SECTION 202. Ratification and Incorporation of Original Indenture. As supplemented hereby, the Original Indenture is in all respects ratified and
confirmed, and the Original Indenture and this Seventeenth Supplemental Indenture shall be read, taken and construed as one and the same instrument. 
 SECTION 203. Executed in Counterparts. This Seventeenth Supplemental Indenture may be executed in several counterparts, each of which shall be deemed to be an original, and such counterparts shall together
constitute but one and the same instrument. 
 SECTION 204. Assignment. The Company shall have the right at all times to assign any of
its rights or obligations under the Indenture with respect to the Series D Senior Notes to a direct or indirect wholly-owned subsidiary of the Company; provided that, in the event of any such assignment, the Company shall remain fully liable for the
performance of all such obligations. The Indenture may also be assigned by the Company in connection with a transaction described in Article Eight of the Original Indenture. 
  

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 IN WITNESS WHEREOF, each party hereto has caused this instrument to be signed in its name and behalf by
its duly authorized officer, all as of the day and year first above written. 
  

			
	VIRGINIA ELECTRIC AND POWER COMPANY
		
	By:	 	  

	Name:	 	G. Scott Hetzer
	Title:	 	Senior Vice President and Treasurer
	
	THE BANK OF NEW YORK
	(SUCCESSOR TO JPMORGAN CHASE BANK, N.A. (FORMERLY KNOWN AS THE CHASE MANHATTAN BANK)), as Trustee
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  



  

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 EXHIBIT A 
 FORM OF 
 2007 SERIES D 6.35% SENIOR NOTE 
 DUE 2037 
 [UNLESS THIS CERTIFICATE IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF
[CEDE & CO.] OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY AND ANY PAYMENT IS MADE TO [CEDE & CO.], ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY
PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, [CEDE & CO.,] HAS AN INTEREST HEREIN.]** 
 [THIS SERIES D SENIOR NOTE IS A
GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SERIES D SENIOR NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO
TRANSFER OF THIS SERIES D SENIOR NOTE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.]** 
   

 VIRGINIA ELECTRIC AND 
 POWER COMPANY 

 $                     
 2007 SERIES D 6.35% SENIOR NOTE 
 DUE 2037

  

			
	No. R-	  	CUSIP No. 927804 FE9

 Virginia Electric and Power Company, a
corporation duly organized and existing under the laws of Virginia (herein called the “Company,” which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to
[Cede & Co.] **, or registered assigns (the
“Holder”), the principal sum of                      Dollars
($                    ) on November 30, 2037 and to pay interest thereon from December 4, 2007 or from the most recent Interest
Payment Date to which interest has been paid or duly provided for, semi-annually in arrears on May 30 and November 30 of each year, commencing on May 30, 2008, at the rate of 6.35% per annum, until the principal hereof is paid or
made available for payment, provided that any 

  



	**	Insert in Global Securities. 









 
principal, and any such installment of interest, that is overdue shall bear interest at the rate of 6.35% per annum (to the extent that the payment of
such interest shall be legally enforceable), from the dates such amounts are due until they are paid or made available for payment, and such interest shall be payable on demand. The interest so payable, and punctually paid or duly provided for, on
any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Series D Senior Note (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest,
which shall be the close of business on the Business Day preceding such Interest Payment Date; provided, that with respect to Series D Senior Notes that are not represented by one or more Global Securities, the Regular Record Date shall be
the close of business on the 15th calendar day (whether or not a Business Day) preceding such Interest Payment Date, provided, that interest payable at the
Stated Maturity of principal or on a Redemption Date will be paid to the Person to whom principal is payable. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date
and may either be paid to the Person in whose name this Series D Senior Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the
Trustee, notice whereof shall be given to Holders of Series D Senior Notes not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange
on which the Series D Senior Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in said Indenture. 
 Payments of interest on the Series D Senior Notes will include interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the Series D Senior Notes shall be computed and paid on the
basis of a 360-day year of twelve 30-day months. In the event that any date on which interest is payable on the Series D Senior Notes is not a Business Day, then payment of the interest payable on such date will be made on the next succeeding day
that is a Business Day (and without any interest or payment in respect of any such delay), in each case with the same force and effect as if made on the date the payment was originally payable. 
 Payment of the principal of and premium, if any, and interest on this Series D Senior Note will be made at the office of the Paying Agent, in the Borough
of Manhattan, City and State of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts, with any such payment that is due at the Stated Maturity of any
Series D Senior Note or upon redemption being made upon surrender of such Series D Senior Note to such office or agency; provided, however, that at the option of the Company payment of interest, subject to such surrender where applicable, may be
made (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer at such place and to such account at a banking institution in the United States as may be
designated in writing to the Trustee at least sixteen (16) days prior to the date for payment by the Person entitled thereto. 
 Reference is hereby made to the further provisions of this Series D Senior Note set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 
  

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 Unless the certificate of authentication hereon has been executed by the Trustee referred to on the
reverse hereof by manual signature, this Series D Senior Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 
  

							
	Dated:	 		 	Virginia Electric and Power Company
				
		 		 	By:	 	  

				
		 		 	Name:	 	  

				
		 		 	Title:	 	  


  

					
	 (SEAL)

	 Attest:

	
	  

	 Name:
	 	  
	 	
	 [Assistant] Corporate Secretary


  

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 [REVERSE OF SERIES D 6.35% SENIOR NOTE] 
 This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be issued in one
or more series under an Indenture, dated as of June 1, 1998, as heretofore supplemented and amended and as further supplemented by a Seventeenth Supplemental Indenture dated as of November 1, 2007 (collectively, as amended or supplemented
from time to time, herein called the “Indenture,” which term shall have the meaning assigned to it in such instrument), between the Company and The Bank of New York (successor to JPMorgan Chase Bank, N. A. (formerly known as The Chase
Manhattan Bank)), as Trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights,
duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face
hereof (the “Series D Senior Notes”) which is unlimited in aggregate principal amount. 
 The Series D Senior Notes are redeemable,
in whole or in part, at any time in the manner and with the effect provided in the Indenture. 
 If an Event of Default with respect to
Series D Senior Notes shall occur and be continuing, the principal of the Series D Senior Notes may be declared due and payable in the manner and with the effect provided in the Indenture. 
 The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time
Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all
Securities of such series, to waive certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Series D Senior Note shall be conclusive and binding upon such Holder and upon all future Holders
of this Series D Senior Note and of any Series D Senior Note issued upon the registration of transfer hereof or in exchange therefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Series D Senior Note.

 As provided in and subject to the provisions of the Indenture, the Holder of this Series D Senior Note shall not have the right to
institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default
with respect to the Series D Senior Notes, the Holders of not less than a majority in principal amount of the Series D Senior Notes at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such
Event of Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have received from the Holders of a majority in principal amount of Series D Senior Notes at the time Outstanding a direction inconsistent with such
request, and shall have failed to institute any such proceeding for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Series D Senior Note for the
enforcement of any payment of principal hereof or premium, if any, or interest hereon on or after the respective due dates expressed or provided for herein. 
  

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 No reference herein to the Indenture and no provision of this Series D Senior Note or of the Indenture
shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of, premium, if any, and interest on this Series D Senior Note at the times, place and rate, and in the coin or currency, herein
prescribed. 
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Series D Senior Note
is registrable in the Security Register, upon surrender of this Series D Senior Note for registration of transfer at the office or agency of the Company in any place where the principal of, premium, if any, and interest on this Series D Senior Note
are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or
more new Series D Senior Notes of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
 The Series D Senior Notes are issuable only in registered form without coupons in denominations of $1,000 and any integral multiple thereof. As provided
in the Indenture and subject to certain limitations therein set forth, Series D Senior Notes are exchangeable for a like aggregate principal amount of Series D Senior Notes having the same Stated Maturity and of like tenor of any authorized
denominations as requested by the Holder upon surrender of the Series D Senior Note or Series D Senior Notes to be exchanged at the office or agency of the Company. 
 No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith.

 Prior to due presentment of this Series D Senior Note for registration of transfer, the Company, the Trustee and any agent of the Company
or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Series D Senior Note be overdue, and neither the Company, the Trustee nor any such agent shall be affected by
notice to the contrary. 
 All terms used in this Series D Senior Note that are defined in the Indenture shall have the meanings assigned to
them in the Indenture. 
  

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 ABBREVIATIONS 
 The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in full according to applicable laws or regulations: 
  

					
	TEN COM -	 	as tenants in common
		
	TEN ENT -	 	as tenants by the entireties
		
	JT TEN -	 	as joint tenants with rights of survivorship and not as tenants in common
			
	UNIF GIFT MIN ACT -	 	  
	  	Custodian for
		 	(Cust)	  	
			
		 	  
	  	
		 	(Minor)	  	
			
		 	Under Uniform Gifts to Minors Act of	  	
			
		 	  
	  	
		 	(State)	  	

 Additional abbreviations may also be used though not on the above list. 
  

					
	  
	  	

  

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 FOR VALUE RECEIVED, the undersigned hereby sell(s) and transfer(s) unto 
  

			
	  
	 	.

 (please insert Social Security or other identifying number of assignee) 
  

			
	  
	 	.
		
	  
	 	.
		
	  
	 	.

 PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE OF ASSIGNEE 
 the within Series D Senior Note and all rights thereunder, hereby irrevocably constituting and appointing 
  

			
	  
	 	.
		
	  
	 	.
		
	  
	 	.
		
	  
	 	.
		
	  
	 	.
		
	  
	 	.

 agent to transfer said Series D Senior Note on the books of the Company, with full power of substitution in the
premises. 
 Dated:                     
    ,          
  

					
		 		 	  


 NOTICE: The signature to this assignment must correspond with the name as written upon the face of the within
instrument in every particular without alteration or enlargement, or any change whatever. 
  

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 EXHIBIT B 
 CERTIFICATE OF AUTHENTICATION 
 This is one of the Securities of the series designated therein
referred to in the within-mentioned Indenture. 
  

			
	THE BANK OF NEW YORK
	(successor to JPMorgan Chase Bank, N.A.
	(formerly known as The Chase Manhattan Bank)), as Trustee
		
	By:	 	  

		 	Authorized Signatory