# EDGAR Filing Document

**Accession Number:** 0000103682
**File Stem:** 0001193125-25-198467
**Filing Date:** 2025-9
**Character Count:** 5999
**Document Hash:** 4d8ea60afc8a44ee5db3fe913d6c1f5f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-198467.hdr.sgml**: 20250908

**ACCESSION NUMBER**: 0001193125-25-198467

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250908

**DATE AS OF CHANGE**: 20250908

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VIRGINIA ELECTRIC & POWER CO
- **CENTRAL INDEX KEY:** 0000103682
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 540418825
- **STATE OF INCORPORATION:** VA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-269881
- **FILM NUMBER:** 251300958

**BUSINESS ADDRESS:**
- **STREET 1:** 600 EAST CANAL STREET
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23219
- **BUSINESS PHONE:** 8048192000

**MAIL ADDRESS:**
- **STREET 1:** 600 EAST CANAL STREET
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23219
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VIRGINIA ELECTRIC & POWER CO
- **CENTRAL INDEX KEY:** 0000103682
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 540418825
- **STATE OF INCORPORATION:** VA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** 600 EAST CANAL STREET
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23219
- **BUSINESS PHONE:** 8048192000

**MAIL ADDRESS:**
- **STREET 1:** 600 EAST CANAL STREET
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23219

Filed pursuant to Rule 433

Relating to Preliminary Prospectus Supplement dated September 8, 2025

to Prospectus dated February 21, 2023

Registration No. 333-269881

**VIRGINIA ELECTRIC AND POWER COMPANY** 

**FINAL TERM SHEET** 

**September 8, 2025** 

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| | | |
|:---|:---|:---|
|  | **2025 Series C 4.90%**<br> **Senior Notes due 2035** | **2025 Series D 5.60%**<br> **Senior Notes due 2055** |
| Principal Amount: | $825000000 | $875000000 |
| Expected Ratings\*<br> (Moody's/S&P/Fitch): | A3 (stable outlook) / BBB+ (stable outlook) / A (stable outlook) | A3 (stable outlook) / BBB+ (stable outlook) / A (stable outlook) |
| Trade Date: | September 8, 2025 | September 8, 2025 |
| Settlement Date (T+2)\*\*: | September 10, 2025 | September 10, 2025 |
| Final Maturity Date: | September 15, 2035 | September 15, 2055 |
| Interest Payment Dates: | March 15 and September 15 | March 15 and September 15 |
| First Interest Payment Date: | March 15, 2026 | March 15, 2026 |
| Optional Redemption: | Make Whole Call at T+15 bps prior to June 15, 2035; Par Call on or after June 15, 2035 | Make Whole Call at T+15 bps prior to March 15, 2055; Par Call on or after March 15, 2055 |
| Benchmark Treasury: | 4.25% due August 15, 2035 | 4.75% due May 15, 2055 |
| Benchmark Treasury Yield: | 4.047% | 4.696% |
| Spread to Benchmark Treasury: | +87 bps | +92 bps |
| Reoffer Yield: | 4.917% | 5.616% |
| Coupon: | 4.90% | 5.60% |
| Price to Public: | 99.866% of the principal amount | 99.768% of the principal amount |
| Proceeds to the Company Before Expenses: | 99.216% of the principal amount | 98.893% of the principal amount |
| CUSIP/ISIN: | 927804 GV0/US927804GV09 | 927804 GW8/US927804GW81 |
| Joint Book-Running Managers: | CIBC World Markets Corp., Mizuho Securities USA LLC, MUFG Securities Americas Inc., PNC Capital Markets LLC, TD Securities (USA) LLC, BNY Mellon Capital Markets, LLC, Capital One Securities, Inc. and Regions Securities LLC | CIBC World Markets Corp., Mizuho Securities USA LLC, MUFG Securities Americas Inc., PNC Capital Markets LLC, TD Securities (USA) LLC, BNY Mellon Capital Markets, LLC, Capital One Securities, Inc. and Regions Securities LLC |
| Co-Managers: | FHN Financial Securities Corp., Great Pacific Securities, Penserra Securities LLC, Samuel A. Ramirez & Company, Inc. and R. Seelaus & Co., LLC | FHN Financial Securities Corp., Great Pacific Securities, Penserra Securities LLC, Samuel A. Ramirez & Company, Inc. and R. Seelaus & Co., LLC |

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The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC, including the preliminary prospectus supplement dated September 8, 2025, for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling:

---

| | |
|:---|:---|
| CIBC World Markets Corp. | 1-800-282-0822 (toll-free) |
| Mizuho Securities USA LLC | 1-866-271-7403 (toll-free) |
| MUFG Securities Americas Inc. | 1-877-649-6848 (toll-free) |
| PNC Capital Markets LLC | 1-855-881-0697 (toll-free) |
| TD Securities (USA) LLC | 1-855-495-9846 (toll-free) |

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\* A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

\*\* We expect that delivery of the Senior Notes will be made against payment for the Senior Notes on the Settlement Date, which will be the second business day following the date of this final term sheet (this settlement cycle being referred to as "T+2"). Under Rule 15c6-1 of the SEC under the Exchange Act, trades in the secondary market generally are required to settle in one business day unless the parties to that trade expressly agree otherwise. Accordingly, purchasers who wish to trade Senior Notes on the date of this final term sheet will be required, by virtue of the fact that the Senior Notes initially will settle in T+2, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement and should consult their own advisors.