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PRICING SUPPLEMENT Filing under Rule 424(b)(3)
File No. 33-60271
PROSPECTUS SUPPLEMENT NO. 1
DATED JUNE 27, 1997
TO PROSPECTUS DATED JUNE 30, 1995
VIRGINIA ELECTRIC AND POWER COMPANY
MEDIUM-TERM NOTES, SERIES F - FIXED RATE NOTE
DUE FROM 9 MONTHS TO 30 YEARS FROM DATE OF ISSUE
PRESENTING AGENT: MORGAN STANLEY & CO. INCORPORATED
ACTING AS: AGENT ( ) PRINCIPAL (X)
IF ACTING AS PRINCIPAL, NOTES WI LL BE RESOLD TO THE PUBLIC AT:
(X) A FIXED PRICE OF 100% OF PRINCIPAL
( ) VARYING PRICES BASED ON MARKET RATES
IF ACTING AS AGENT, NOTES WILL BE SOLD AT __________% OF PRINCIPAL
Prinicpal Amount:........................................$ 20,000,000
Presenting Agent's Commission:...........................$ 50,000
Net Proceeds to the Company:.............................$ 19,950,000
Interest Rate:........................................... 6.35%
Original Issue Date:..................................... 07/02/97
Stated Maturity:......................................... 07/02/99
Specified Currency (U.S. Dollars unless noted):..........
Authorized Denominations (if other than U.S. $1,000
and integral multiples thereof):...............
Initial Redemption Date:.................................
Initial Redemption Percentage:...........................
Annual Redemption Percentage Reduction:..................
Limitation Date:.........................................
Refunding Rate:..........................................
Interest Payment Dates (if other than January 1
and July 1 of each year):......................
Additional Terms (if any):...............................
(X) BOOK ENTRY NOTE ( ) CERTIFICATED NOTE
