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PRICING SUPPLEMENT Filing under Rule 424(b)(3)
File No. 33-60271
PROSPECTUS SUPPLEMENT NO. 3
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: GOLDMAN, SACHS & CO.
ACTING AS: AGENT (X) PRINCIPAL ( )
IF ACTING AS PRINCIPAL, NOTES WI LL BE RESOLD TO THE PUBLIC AT:
( ) A FIXED PRICE OF 100% OF PRINCIPAL
( ) VARYING PRICES BASED ON MARKET RATES
IF ACTING AS AGENT, NOTES WILL BE SOLD AT 100% 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
