VIRGINIA ELECTRIC & POWER CO 8-K

What Happened
Virginia Electric and Power Company (Dominion Energy subsidiary) announced on Feb. 24–25, 2026 that it entered into underwriting agreements to sell newly issued senior notes. The company is issuing $1,300,000,000 aggregate principal of 2026 Series A 4.95% Senior Notes due 2036 (initially $1.25B plus a $50M additional allotment) and $850,000,000 aggregate principal of 2026 Series B 5.70% Senior Notes due 2056. The notes were registered under the company’s effective Form S-3 (file no. 333-291190) and will be issued under the Twenty-Fourth and Twenty-Fifth Supplemental Indentures to the company’s September 1, 2017 Senior Indenture. The underwriting agreements and the supplemental indentures are filed as exhibits to the Form 8-K.

Key Details

• Underwriting agreements entered Feb. 24, 2026 and Feb. 25, 2026 with BofA Securities, CIBC World Markets, MUFG Securities Americas, Santander US Capital Markets, Truist Securities and Wells Fargo Securities as representatives.
• Series A: $1,300,000,000 total principal, 4.95% fixed rate, maturity Sept. 2036.
• Series B: $850,000,000 principal, 5.70% fixed rate, maturity Sept. 2056.
• Notes registered under Rule 415 of the Securities Act via a Form S-3 registration statement effective Oct. 31, 2025; supplemental indentures and legal opinion are included as exhibits.

Why It Matters
This filing shows the company is raising long-term debt financing, which provides cash for corporate needs (operations, refinancing, capital projects) while increasing interest expense and total debt on its balance sheet. The fixed coupon rates and long maturities lock in borrowing costs through 2036 and 2056, respectively—important for investors assessing future interest obligations and the company’s capital structure. The transaction is documented and registered, with underwriting and indenture agreements filed in the 8-K for further review.