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12 /PRNewswire/ -- Virginia Electric and Power Company today said that it is offering to purchase any and all of its outstanding First and Refunding Mortgage Bonds of 1990, Series A, 9-3/4 percent, due March 1, 2020.
Over the long term, the new market structure could have modestly positive credit or ratings implications for Virginia Electric and Power Company (Issuer Default Rating [IDR]'BBB+') and Appalachian Power Company (IDR 'BBB').
Virginia Electric and Power Company has strong underlying fundamentals.
Fashano, vice president of The First Boston Corporation, 212-909-2107/ (D) CO: Virginia Electric and Power Company ST: Virginia IN: UTI SU: OFR LR -- NY058 -- 8696 04/21/93 11:41 EDT
Dell of Duff & Phelps, 312-368-3161/ (D) CO: Virginia Electric and Power Company ST: Virginia IN: UTI SU: RTG LR -- NY050 -- 5726 02/11/93 12:55 EST