<PAGE>
PRICING SUPPLEMENT Filing under Rule 424(b)(3)
File No. 333-76155
PROSPECTUS SUPPLEMENT NO. 5
DATED MARCH 17, 2000
TO PROSPECTUS DATED APRIL 30, 1999
VIRGINIA ELECTRIC AND POWER COMPANY
MEDIUM-TERM NOTES, SERIES G - VARIABLE RATE NOTE
DUE 9 MONTHS OR MORE FROM DATE OF ISSUE
PRESENTING AGENT: MORGAN STANLEY & CO. INCORPORATED
ACTING AS: AGENT ( ) PRINCIPAL (X)
IF ACTING AS AGENT, NOTES WILL BE SOLD AT ____% OF PRINCIPAL
IF ACTING AS PRINCIPAL, NOTES WILL BE RESOLD TO THE PUBLIC AT:
(X) A FIXED PRICE OF 100% OF PRINCIPAL
( ) VARYING PRICES BASED ON MARKET RATES
<TABLE>
<S> <C>
Principal Amount ...................................$ 50,000,000
Presenting Agent's Commission ..................$ 125,000
Net Proceeds to the Company ..................$ 49,875,000
Base Interest Rate/Index Maturity....................3-Month LIBOR
Spread or Spread Multiplier..........................Plus 15 basis points
Initial Interest Rate (including spread).............6.37875%
Interest Reset Dates and Interest Payment Dates......Each March 22, June 22, September 22 and
December 22, beginning June 22, 2000
Interest Determination Dates.........................Second London Business Day preceding each
Interest Reset Date
Original Issue Date..................................March 22, 2000
Stated Maturity ...................................March 22, 2002
CUSIP................................................92781FBS6
Calculation Agent ...................................The Chase Manhattan Bank
Specified Currency (U.S. Dollars unless noted).......
Authorized Denominations (if other than U.S. $1000
and integer multiples thereof).................
Initial Redemption Date ..........................n/a
Initial Redemption Percentage ..................n/a
Annual Redemption Percentage Reduction .........n/a
Limitation Date ...................................n/a
Refunding Rate ...................................n/a
Additional Terms (if any) ..........................n/a
(X) BOOK ENTRY NOTE ( ) CERTIFICATED NOTE
</TABLE>