Virginia Electric & Power Co., founded in 1909, is headquartered in Richmond, Virginia, and serves as a leading electric utility provider in the mid-Atlantic region. The company is primarily engaged in the generation, transmission, and distribution of electricity to residential, commercial, and industrial customers, playing a crucial role in the region's energy landscape.
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Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Virginia Electric & Power Co. has a history of bond issuances dating back to the mid-20th century, which have been instrumental in funding its infrastructure projects and growth initiatives. Notably, in 2022, the company issued $1 billion in senior notes, which showcased investor confidence amid rising interest rates, with yields that were competitive compared to industry averages. The bonds typically carry features such as call options and varied maturities, reflecting the company's strategic financing initiatives aimed at supporting its transition to cleaner energy sources.