UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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| Item 1.01 | Entry into a Material Definitive Agreement. |
On April 8, 2025, Dominion Energy, Inc. (Dominion Energy) and two of its wholly-owned subsidiaries, Virginia Electric and Power Company (Virginia Power), and Dominion Energy South Carolina, Inc. (DESC), entered into a $7,000,000,000 Sixth Amended and Restated Revolving Credit Agreement (the Core Credit Facility) with JPMorgan Chase Bank, N.A. (JPMorgan), as Administrative Agent, Mizuho Bank, LTD. (Mizuho), Bank of America, N.A., The Bank of Nova Scotia and Wells Fargo Bank, N.A., as Syndication Agents, JPMorgan, Mizuho, BOFA Securities, Inc., The Bank of Nova Scotia and Wells Fargo Securities, LLC, as Joint Lead Arrangers and Joint Bookrunners and the other agents and lenders party thereto. The Core Credit Facility amends and restates its predecessor agreement in its entirety.
Virginia Power and the co-borrowers can use the Core Credit Facility to support bank borrowings and the issuance of commercial paper, as well as to support the issuance of letters of credit. The full amount of the Core Credit Facility is available to Virginia Power less any amounts outstanding to co-borrowers Dominion Energy and DESC and subject to any sub-limits for Virginia Power agreed to among Virginia Power and the co-borrowers from time to time. The Core Credit Facility matures in April 2030, unless extended.
The foregoing description of the Core Credit Facility does not purport to be complete and is qualified in its entirety by reference to the complete text of such agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein.
| Item 9.01 | Financial Statements and Exhibits. |
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/ Steven D. Ridge |
| Name: Steven D. Ridge |
| Title: Executive Vice President and Chief Financial Officer |
Date: April 9, 2025