Virginia Electric and Power Company
Plans Redemption of Notes
RICHMOND, Va. - Virginia Electric and Power Company
announced today the planned redemption on December 15, 2003, of its outstanding
1998 Series A 7.15 percent Senior Notes due June 30, 2038 and its outstanding
1999 Series A 6.70 percent Senior Notes due June 30, 2009 (the “Notes”).
The redemption price for each series will be
100 percent of the principal amount plus accrued and unpaid interest thereon
to the redemption date. On and after December 15, 2003, interest on the Notes
will cease to accrue.
The Notes are required to be presented and surrendered
for redemption at the office of the trustee, JPMorgan Chase Bank, located at
4 New York Plaza, New York NY 10004.
Virginia Electric and Power Company is a subsidiary
of Dominion (NYSE: D).
