SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report: December 18, 2001
(Date of earliest event reported)
Virginia Electric and Power Company
(Exact name of registrant as specified in its charter)
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Virginia |
1-2255 |
54-0418825 |
701 East Cary Street
Richmond, Virginia 23219-3932
(804) 819-2000
(Address including zip code, and telephone number, including area code, of registrant's principal executive offices)
(Former name or former address, if changed since last report.)
Item 5. Other Events and Regulation FD Disclosure
On December 18, 2001, the Virginia State Corporation Commission (Virginia Commission) ordered Virginia Electric and Power Company (the Company) to operate under a plan of functional separation by division. Under the approved plan, the Company will maintain its electric transmission and distribution operations in a regulated division of the Company, and will operate its generation assets in a separate non-regulated division, in keeping with the Virginia Electric Utility Restructuring Act's provision that deregulates generation as of January 1, 2002. The Order left open the possibility that the generation assets of the Company may in the future be placed into a separate affiliate. On January 17, 2002, the Company filed a Notice of Appeal with the Virginia Commission.
Item 7. Financial Statements and Exhibits
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99 |
Order on Functional Separation by the Virginia State Corporation Commission. |
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VIRGINIA ELECTRIC AND POWER COMPANY |
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Registrant |
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/s/Patricia A. Wilkerson |
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Patricia A. Wilkerson |
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Vice President and Corporate Secretary |