UNITED ~~STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549~~STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) ~~of the Securities Exchange Act of 1934~~

~~Date~~ of ~~Report~~the ~~(Date~~Securities ofExchange ~~earliest~~Act ~~event~~of ~~reported): February 03, 2025~~1934

Date of report (Date of earliest event reported) March 3, 2025

Virginia Electric and Power Company

(Exact ~~name~~Name of Registrant as Specified in Its Charter)

Virginia	000-55337	~~000-55337~~	54-0418825
(State or Other Jurisdictionof Incorporation)		(Commission File Number)	(IRS EmployerIdentification No.)
(State or other jurisdiction of incorporation)	(Commission File Number)		(IRS Employer Identification No.)
120 Tredegar Street
Richmond, Virginia			23219
(Address of Principal Executive Offices)			(Zip Code)

Registrant’s Telephone Number, Including Area Code: (804) 819-2284

600 East Canal Street

Richmond, Virginia

23219

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code (804) 819-2284

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure.

On February 3, 2025, Dominion Energy, Inc. (Dominion Energy), the parent company of Virginia Electric and Power Company, issued a press release and posted a presentation to its investor relations website concerning certain updates on the Coastal Virginia Offshore Wind (CVOW) project. Copies of the press release and presentation are furnished herewith as Exhibits 99.1 and 99.2, respectively, and incorporated herein by reference.

The information in this Item 7.01 and Exhibits 99.1 and 99.2 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act except as expressly set forth by specific reference in such filing.

Item 8.01

Other Events.

On ~~February~~ March 3, 2025, ~~Dominion~~Virginia ~~Energy~~Electric ~~provided~~and anPower ~~update~~Company ~~for~~ (the ~~Coastal~~Company) ~~Virginia~~entered ~~Offshore~~into ~~Wind~~an underwriting agreement (~~CVOW~~the Underwriting Agreement) ~~project~~with ~~including~~BMO aCapital ~~change~~Markets inCorp., ~~total~~Morgan ~~project~~Stanley & ~~cost~~Co. ~~that~~LLC, ~~reflects~~PNC aCapital ~~revised~~Markets ~~estimate~~LLC, ofSMBC ~~network~~Nikko ~~upgrade~~Securities ~~costs~~America, ~~assigned~~Inc., byTD ~~PJM~~Securities to(USA) ~~CVOW~~LLC and U.S. ~~Estimated~~Bancorp ~~total~~Investments, ~~project~~Inc., ~~costs~~as Representatives for ~~CVOW~~the underwriters named in the Underwriting Agreement, ~~inclusive~~for the sale of ~~contingency~~$625,000,000 ~~and~~aggregate ~~excluding~~principal ~~financing~~amount ~~costs,~~of ~~have~~the ~~increased~~Company’s ~~from~~2025 ~~approximately~~Series $9A 5.815% ~~billion~~Senior toNotes ~~approximately~~due ~~$10.7~~2035 ~~billion.~~(the ~~After~~Series ~~accounting~~A ~~for~~Senior ~~cost~~Notes) ~~sharing~~and ~~provisions~~$625,000,000 ~~approved~~aggregate byprincipal amount of the ~~Virginia~~Company’s ~~State~~2025 ~~Corporation~~Series ~~Commission,~~B 5.65% Senior Notes due 2055 (the ~~expected~~Series ~~average~~B ~~impact~~Senior ofNotes). ~~this~~The ~~change~~Series onA Senior Notes and the ~~typical~~Series ~~residential~~B ~~customer~~Senior ~~bill~~Notes ~~using~~are ~~1,000~~Senior ~~kWh~~Debt ~~per~~Securities ~~month~~that ~~over~~were registered by the ~~project’s~~Company ~~lifetime~~under isRule 43415 ~~cents~~under ~~per~~the ~~month.~~Securities ~~There~~Act isof no1933, ~~change~~as amended, pursuant to ~~the~~a ~~project’s~~registration ~~expected~~statement on Form S-~~time~~3, ~~completion~~which atbecame ~~the~~effective ~~end~~on February 21, 2023 (File No. 333-269881). A copy of ~~2026~~the Underwriting Agreement, including exhibits thereto, is filed as Exhibit 1.1 to this Form 8-K.

The ~~expected~~Series ~~total~~A ~~project~~Senior ~~cost~~Notes ~~reflects increases in projections for onshore electrical interconnection costs~~ and ~~network upgrade costs assigned to~~ the ~~project~~Series byB ~~PJM,~~Senior ~~specifically~~Notes ~~incorporating~~will ~~consideration~~be ofissued ~~PJM’s~~under ~~December~~the ~~2024~~Twentieth ~~publication~~Supplemental ofIndenture ~~potential transmission network upgrades required for certain generation projects~~ and ~~related cost allocations, including those attributable to CVOW. The Company’s estimate for~~ the ~~2.6~~Twenty-First GWSupplemental ~~project’s projected levelized cost of energy~~Indenture, ~~including renewable energy credits~~respectively, ~~is approximately $62/MWh, compared~~ to the ~~initial filing submission of $80-90/MWh. As discussed in Note 11 to the Consolidated Financial Statements in the~~ Company’s ~~Quarterly Report on Form 10-Q for the period ended~~ September 30 1, ~~2024,~~2017 ~~the~~Senior ~~Company~~Indenture. The ~~closed~~Twentieth onSupplemental ~~the~~Indenture ~~sale~~and ~~of a 50% noncontrolling interest in CVOW to Stonepeak Partners, LLC (Stonepeak) pursuant to which Stonepeak will contribute 50% of~~ the ~~remaining~~Twenty-First ~~capital~~Supplemental ~~necessary~~Indenture toare ~~fund~~filed ~~construction~~as ofExhibits ~~the~~4.2 ~~CVOW~~and ~~provided the total project cost~~4.3, ~~excluding financing costs~~respectively, isto ~~less~~this ~~than~~Form ~~$11~~8-K.~~3 billion.~~

Item 9.01

Financial Statements and Exhibits.

Exhibits
99.1		Press Release dated February 3, 2025*
1.1		Underwriting Agreement, dated March 3, 2025, among the Company and BMO Capital Markets Corp., Morgan Stanley & Co. LLC, PNC Capital Markets LLC, SMBC Nikko Securities America, Inc., TD Securities (USA) LLC and U.S. Bancorp Investments, Inc., as Representatives for the underwriters named in the Underwriting Agreement.*
99.2		Presentation dated February 3, 2025*
4.1		Senior Indenture, dated as of September 1, 2017, among the Company and U.S. Bank Trust Company, National Association (successor to U.S. Bank National Association). (Exhibit 4.1, Form 8-K, File No. 001-02255, as filed September 13, 2017, incorporated by reference).
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)
4.2		Twentieth Supplemental Indenture to the 2017 Senior Indenture pursuant to which the 2025 Series A 5.15% Senior Notes due 2035 will be issued. The form of the 2025 Series A 5.15% Senior Notes due 2035 is included as Exhibit A to the Twentieth Supplemental Indenture.*
4.3		Twenty-First Supplemental Indenture to the 2017 Senior Indenture pursuant to which the 2025 Series B 5.65% Senior Notes due 2055 will be issued. The form of the 2025 Series B 5.65% Senior Notes due 2055 is included as Exhibit A to the Twenty-First Supplemental Indenture.*
5.1		Opinion of McGuireWoods LLP.*
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

* ~~Furnished~~ Filed herewith.

~~SIGNATURES~~SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			VIRGINIA ELECTRIC AND POWER COMPANYRegistrant
Date:	February 3, 2025	By:	/s/ David M. McFarland
			David M. McFarlandVice President - Investor Relationsand Treasurer


VIRGINIA ELECTRIC AND POWER COMPANY
Registrant

/s/ David M. McFarland
Name:		David M. McFarland
Title:		Vice President – Investor Relations and Treasurer

Date: March 5, 2025

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