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PRICING SUPPLEMENT
Filing under
Rule 424(b)(3)
File No.
33-44437
PROSPECTUS SUPPLEMENT NO. 18
DATED JUNE 1, 1995
TO PROSPECTUS DATED DECEMBER 16, 1991
VIRGINIA ELECTRIC AND POWER COMPANY
MEDIUM-TERM NOTES, SERIES E
DUE FROM 9 MONTHS TO 30 YEARS FROM DATE OF ISSUE
INTEREST PAYABLE EACH JANUARY 1 AND JULY 1 AND AT
STATED MATURITY OR EARLIER REDEMPTION
Principal Amount:
...............................................$20,000,000
Interest Rate: ..................................................
6.35%
Original Issue Date: ............................................
06/07/95
Stated Maturity: ................................................
06/08/98
Specified Currency (U.S. Dollars if not otherwise specified): ...
Initial Redemption Date: ........................................
Initial Redemption Percentage: ..................................
Annual Redemption Percentage Reduction: .........................
Limitation Date: ................................................
Refunding Rate: .................................................
per annum
Authorized Denominations (if other than U.S. $1,000 and
intregal multiples thereof):...................................
Additional Terms (if any): ......................................
If an Initial Redemption Date has been specified above, the
Medium-Term
Notes to which this Prospectus Supplement relates (the Notes)
will be
redeemable as a whole or in part (provided that any remaining
principal
amount of any such Note shall be equal to an authorized
denomination
thereof), on the Initial Redemption Date or on any date
subsequent thereto,
at the option of the Company upon not more than 60 nor less than
30 days'
previous notice, at the applicable Redemption Price, with accrued
interest to
the date of redemption; provided, however, that if a Limitation
Date has been
specified above, no Notes shall be redeemed prior to the
Limitation Date
specified above as a part of, or in anticipation of, any
refunding operation
by the application, directly or indirectly, of monies borrowed
having an
interest cost to the Company (calculated in accordance with
generally
accepted financial practice) of less than the Refunding Rate
specified above.
The Redemption Price shall initially be the Initial Redemption
Percentage
specified above of the principal amount of the Notes to be
redeemed and shall
decline at each anniversary of the Initial Redemption Date by the
Annual
Redemption Percentage Reduction specified above of the principal
amount to be
redeemed until the redemption price is 100% of such principal
amount.
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