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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                              ___________________

                                    FORM 8-A

                FOR REGISTRATION OF CERTAIN CLASS OF SECURITIES
                    PURSUANT TO SECTION 12(b) OR (g) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

                      VIRGINIA ELECTRIC AND POWER COMPANY
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

        VIRGINIA                                               54-0418825
  (STATE OF INCORPORATION                                   (I.R.S. EMPLOYER
     OR ORGANIZATION)                                       IDENTIFICATION NO.)

                         VIRGINIA POWER CAPITAL TRUST I
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

        DELAWARE                                               APPLIED FOR
  (STATE OF INCORPORATION                                   (I.R.S. EMPLOYER
     OR ORGANIZATION)                                       IDENTIFICATION NO.)

                             ONE JAMES RIVER PLAZA
                         RICHMOND, VIRGINIA  23219-3932
             (ADDRESS OF REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)

IF THIS FORM RELATES TO THE REGISTRATION      IF THIS FORM RELATES 
OF A CLASS OF DEBT SECURITIES AND IS          TO THE REGISTRATION OF A CLASS 
EFFECTIVE UPON FILING PURSUANT TO             OF DEBT SECURITIES AND IS TO
GENERAL INSTRUCTION A(c)(1) PLEASE            BECOME EFFECTIVE SIMULTANEOUSLY 
CHECK THE FOLLOWING BOX. [ ]                  WITH THE EFFECTIVENESS OF A 
                                              CONCURRENT REGISTRATION STATEMENT
                                              UNDER THE SECURITIES ACT OF 1933
                                              PURSUANT TO GENERAL INSTRUCTION
                                              A(c)(2) PLEASE CHECK THE FOLLOWING
                                              BOX [ ]


SECURITIES TO BE REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:

TITLE OF EACH CLASS                              NAME OF EACH EXCHANGE ON WHICH
TO BE REGISTERED:                                EACH CLASS IS TO BE REGISTERED:
- -----------------                                ------------------------------ 
                                                 
VIRGINIA POWER CAPITAL TRUST I                   NEW YORK STOCK EXCHANGE, INC.
___% TRUST PREFERRED SECURITIES 
(EVIDENCING AN UNDIVIDED INTEREST IN ___% 
JUNIOR SUBORDINATED DEFERRABLE INTEREST NOTES 
ISSUED BY VIRGINIA ELECTRIC AND POWER COMPANY, 
AND AS GUARANTEED BY VIRGINIA ELECTRIC AND 
POWER COMPANY)

SECURITIES TO BE REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT:

        NONE

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ITEM 1. DESCRIPTION OF REGISTRANT'S SECURITIES TO BE REGISTERED.

     A description of the Preferred Securities of the Registrant is set forth
under the caption "Description of the Preferred Securities" in the prospectus
contained in the Registration Statement on Form S-3 filed with the Securities
and Exchange Commission on July 24, 1995 (the "Registration Statement") and is
incorporated herein by reference.

ITEM 2. EXHIBITS.

     The following documents and instruments defining the rights of holders,
filed as Exhibits to the Registration Statement, are herein incorporated by
reference:


     1. Exhibit 1, Form of Underwriting Agreement for Preferred Securities.

     2. Exhibit 4(a), Form of Subordinated Note Indenture between Virginia
Electric and Power Company and Chemical Bank, as Trustee.

     3. Exhibit 4(b), Form of Supplemental Indenture between Virginia Electric
and Power Company and Chemical Bank, as Trustee.

     4. Exhibit 4(c), Trust Agreement of Virginia Power Capital Trust I.

     5. Exhibit 4(d), Form of Amended and Restated Trust Agreement.

     6. Exhibit 4(e), Form of Preferred Security.

     7. Exhibit 4(f), Form of Junior Subordinated Notes.

     8. Exhibit 4(g), Form of Guarantee with respect to Preferred Securities.

     9. Exhibit 4(h), Certificate of Trust.

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                                   SIGNATURE

     Pursuant to the requirements of the Securities and Exchange Act of 1934, as
amended, the Registrant has duly caused this Registration Statement on Form 8-A
to be signed on its behalf by the undersigned, thereunto duly authorized.



                                   VIRGINIA ELECTRIC AND POWER COMPANY


Dated: July 24, 1995               By: /s/ J. Kennerly Davis, Jr. 
                                       ----------------------------------------
                                         J. Kennerly Davis, Jr. 
                                         Vice President, Treasurer and 
                                           Corporate Secretary