Virginia Electric & Power Co. Discloses Equity Sales
| Field | Detail |
|---|---|
| Company | Virginia Electric & Power Co |
| Form Type | 8-K |
| Filed Date | Aug 15, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.4 billion, $3.5 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: equity-sale, unregistered-securities
Related Tickers: VEP
TL;DR
VEPCO filed an 8-K for unregistered equity sales - details TBD.
AI Summary
On August 15, 2025, Virginia Electric and Power Company filed an 8-K report detailing unregistered sales of equity securities. The filing does not specify the exact amount or nature of these sales, but it is a standard disclosure for such transactions.
Why It Matters
This filing indicates potential dilution or changes in the equity structure of Virginia Electric and Power Company, which could impact existing shareholders.
Risk Assessment
Risk Level: medium — Unregistered sales of equity can sometimes signal financial distress or a need for capital, and the lack of specific details in this initial report warrants caution.
Key Players & Entities
- Virginia Electric and Power Company (company) — Registrant
- August 15, 2025 (date) — Date of report
FAQ
What specific type of equity securities were sold?
The filing does not specify the type of equity securities sold, only that they were unregistered.
What was the aggregate dollar amount of the unregistered equity sales?
The filing does not disclose the aggregate dollar amount of the unregistered equity sales.
Were these sales made to accredited investors?
The filing states the sales were of 'Unregistered Sales of Equity Securities' but does not specify the purchasers or if they were accredited.
What is the purpose of these unregistered equity sales?
The filing does not state the purpose behind the unregistered sales of equity securities.
Are there any other details about the terms or conditions of these equity sales?
No, the filing is a current report (8-K) indicating the event but does not provide detailed terms or conditions of the unregistered equity sales.
Filing Stats: 460 words · 2 min read · ~2 pages · Grade level 13.2 · Accepted 2025-08-15 16:28:23
Key Financial Figures
- $1.4 billion — gregate purchase price of approximately $1.4 billion in a transaction exempt from registrati
- $3.5 billion — authorizing the Company to issue up to $3.5 billion of common stock to Dominion Energy thro
Filing Documents
- d785603d8k.htm (8-K) — 20KB
- 0001193125-25-181901.txt ( ) — 116KB
- ck0000103682-20250815.xsd (EX-101.SCH) — 3KB
- ck0000103682-20250815_lab.xml (EX-101.LAB) — 15KB
- ck0000103682-20250815_pre.xml (EX-101.PRE) — 9KB
- d785603d8k_htm.xml (XML) — 3KB
From the Filing
8-K UNITED 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 (Date of earliest event reported) August 15, 2025 Virginia Electric and Power Company (Exact Name of Registrant as Specified in Its Charter) Virginia 000-55337 54-0418825 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 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)) 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. Item3.02 Unregistered Sales of Equity Securities. On August 15, 2025, Virginia Electric and Power Company (the Company) issued 19,630 shares of its common stock to Dominion Energy, Inc. (Dominion Energy), the sole holder of the Company's common stock, for an aggregate purchase price of approximately $1.4 billion in a transaction exempt from registration under Section 4(a)(2) of the Securities Act of 1933, as amended. The Company will use the proceeds from the sale of the shares to reduce the aggregate amount outstanding under its intercompany credit facility with Dominion Energy. The Company issued the shares pursuant to a Virginia State Corporation Commission order authorizing the Company to issue up to $3.5 billion of common stock to Dominion Energy through the end of 2025. 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 COMPANY Registrant /s/ David M. McFarland Name: David M. McFarland Title: Vice President – Investor Relations and Treasurer Date: August 15, 2025