EX-25.A 3 ava-ex25_a.htm EX-25.A EX-25.a

 

Exhibit 25(a)

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________________

 

FORM T-1

 

STATEMENT OF ELIGIBILITY

UNDER THE TRUST INDENTURE ACT OF 1939 OF A

CORPORATION DESIGNATED TO ACT AS TRUSTEE

 

Check if an Application to Determine Eligibility of a Trustee

Pursuant to Section 305 (b)(2) ___

________________________

 

CITIBANK, N.A.

(Exact name of Trustee as specified in its charter)

 

A National Banking Association 13-5266470

(Jurisdiction of incorporation or organization (I.R.S. Employer

if not a U.S. national bank) Identification No. )

 

399 Park Avenue,

New York, New York 10043

(Address of principal executive office) (Zip Code)
 

Citibank, N.A.

388 Greenwich Street, 4th floor

New York, N.Y. 10013

(212) 816-7621

(Name, address, and telephone number of agent for service)

_______________________


AVISTA CORPORATION

(Exact name of obligor as specified in its charter)

 

Washington 91-0462470

(State or other jurisdiction of (I.R.S. employer

incorporation or organization) identification no.)

 

1411 East Mission Avenue

Spokane, Washington 99202

(Address of principal executive offices) (Zip Code)

 

_________________________
 

Debt Securities

(Title of Indenture Securities)

 

 

 


 

 

 

Item 1. General Information.

 

Furnish the following information as to the trustee:

 

(a)
Name and address of each examining or supervising authority to which it is subject.

 

Name Address

Comptroller of the Currency Washington, D.C.

 

Federal Reserve Bank of New York 33 Liberty Street, New York, NY

 

Federal Deposit Insurance Corporation Washington, D.C.

 

(b)
Whether it is authorized to exercise corporate trust powers.

 

Yes.

 

Item 2. Affiliations with Obligor.

 

If the obligor is an affiliate of the trustee, describe each such affiliation.

 

None.

 

Items 3-15. Not Applicable.

 

Item 16. List of Exhibits.

 

List below all exhibits filed as a part of this Statement of Eligibility.

 

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as exhibits hereto.

 

Exhibit 1 - Copy of Articles of Association of the Trustee, as now in effect.

(Exhibit 1 to T-1 filed as exhibit to the Filing 305B2 dated October 5, 2012 under File No. 333-183223).

 

Exhibit 2 - Copy of certificate of authority of the Trustee to commence business. (Exhibit 2 to T-1 filed May 5, 2014 under File No. 333-195697).

 

Exhibit 3 - Copy of authorization of the Trustee to exercise corporate trust powers. (Exhibit 3 to T-1 filed May 5, 2014 under File No. 333-195697).

 

Exhibit 4 - Copy of existing By-Laws of the Trustee. (Exhibit 4 to T-1 filed as exhibit to the Filing 305B2 dated October 5, 2012 under File No. 333-183223).

 

Exhibit 5 - Not applicable.

 

 


 

 

Exhibit 6 - The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939. (Exhibit 6 to T-1 filed May 5, 2014 under File No. 333-195697).

 

Exhibit 7 - Copy of the latest Report of Condition of Citibank, N.A. (as of

December 31, 2021- attached)

 

Exhibit 8 - Not applicable.

 

Exhibit 9 - Not applicable.

 

__________________

 

 

 


 

 

SIGNATURE

 

Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, Citibank, N.A., a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of New York and State of New York, on the 27th day of April, 2022.

 

 

CITIBANK, N.A.

By

 

/s/ William Keenan

 

 

William Keenan

 

 

Senior Trust Officer

 

 

 

 

 


CONSOLIDATED BALANCE SHEET Citigroup Inc. and Subsidiaries

 

 

 

 

December 31,

 

In millions of dollars

 

2021

 

 

2020

 

Assets

 

Cash and due from banks (including segregated cash and other deposits)

 

$

27,515

 

 

$

26,349

 

Deposits with banks, net of allowance

 

 

234,518

 

 

 

283,266

 

Securities borrowed and purchased under agreements to resell (including $216,466 and $185,204 as of December 31, 2021 and 2020, respectively, at fair value), net of allowance

 

 

327,288

 

 

 

294,712

 

Brokerage receivables, net of allowance

 

 

54,340

 

 

 

44,806

 

Trading account assets (including $133,828 and $168,967 pledged to creditors at December 31, 2021 and 2020, respectively)

 

 

331,945

 

 

 

375,079

 

Investments:

 

 

 

 

 

 

Available-for-sale debt securities (including $9,226 and $5,921 pledged to creditors as of December 31, 2021 and 2020, respectively), net of allowance

 

 

288,522

 

 

 

335,084

 

Held-to-maturity debt securities (including $1,460 and $547 pledged to creditors as of December 31, 2021 and 2020, respectively), net of allowance

 

 

216,963

 

 

 

104,943

 

Equity securities (including $1,032 and $1,066 as of December 31, 2021 and 2020, respectively, at fair value)

 

 

7,337

 

 

 

7,332

 

Total investments

 

$

512,822

 

 

$

447,359

 

Loans:

 

 

 

 

 

 

Consumer (including $12 and $14 as of December 31, 2021 and 2020, respectively, at fair value)

 

 

271,236

 

 

 

288,839

 

Corporate (including 6,070 and 6,840 as of December 31, 2021 and 2020, respectively, at fair value)

 

 

396,531

 

 

 

387,044

 

Loans, net of unearned income

 

$

667,767

 

 

$

675,883

 

Allowance for credit losses on loans (ACLL)

 

 

(16,455

)

 

 

(24,956

)

Total loans, net

 

$

651,312

 

 

$

650,927

 

Goodwill

 

 

21,299

 

 

 

22,162

 

Intangible assets (including MSRs of $404 and $336 as of December 31, 2021 and 2020, respectively, at fair value)

 

 

4,495

 

 

 

4,747

 

Other assets (including $12,342 and $14,613 as of December 31, 2021 and 2020, respectively, at fair value), net of allowance

 

 

125,879

 

 

 

110,683

 

Total assets

 

$

2,291,413

 

 

$

2,260,090

 

 

The following table presents certain assets of consolidated variable interest entities (VIEs), which are included on the Consolidated Balance Sheet above. The assets in the table below include those assets that can only be used to settle obligations of consolidated VIEs, presented on the following page, and are in excess of those obligations. In addition, the assets in the table below include third-party assets of consolidated VIEs only and exclude intercompany balances that eliminate in consolidation.

 

 

December 31,

 

In millions of dollars

 

2021

 

 

2020

 

Assets of consolidated VIEs to be used to settle obligations of consolidated VIEs

 

 

 

 

 

 

Cash and due from banks

 

$

260

 

 

$

281

 

Trading account assets

 

 

10,038

 

 

 

8,104

 

Investments

 

 

844

 

 

 

837

 

Loans, net of unearned income

 

 

 

 

 

 

Consumer

 

 

34,677

 

 

 

37,561

 

Corporate

 

 

14,312

 

 

 

17,027

 

Loans, net of unearned income

 

$

48,989

 

 

$

54,588

 

Allowance for credit losses on loans (ACLL)

 

 

(2,668

)

 

 

(3,794

)

Total loans, net

 

$

46,321

 

 

$

50,794

 

Other assets

 

 

1,174

 

 

 

43

 

Total assets of consolidated VIEs to be used to settle obligations of consolidated VIEs

 

$

58,637

 

 

$

60,059

 

 

Statement continues on the next page.

 


CONSOLIDATED BALANCE SHEET Citigroup Inc. and Subsidiaries

 

(Continued)

 

 

December 31,

 

In millions of dollars, except shares and per share amounts

 

2021

 

 

2020

 

Liabilities

 

 

 

 

 

 

Non-interest-bearing deposits in U.S. offices

 

$

158,552

 

 

$

126,942

 

Interest-bearing deposits in U.S. offices (including $879 and $879 as of December 31, 2021 and 2020, respectively, at fair value)

 

 

543,283

 

 

 

503,213

 

Non-interest-bearing deposits in offices outside the U.S.

 

 

97,270

 

 

 

100,543

 

Interest-bearing deposits in offices outside the U.S. (including $787 and $1,079 as of December 31, 2021 and 2020, respectively, at fair value)

 

 

518,125

 

 

 

549,973

 

Total deposits

 

$

1,317,230

 

 

$

1,280,671

 

Securities loaned and sold under agreements to repurchase (including $56,694 and $60,206 as of December 31, 2021 and 2020, respectively, at fair value)

 

 

191,285

 

 

 

199,525

 

Brokerage payables (including $3,575 and $6,835 as of December 31, 2021 and 2020, respectively, at fair value), including allowance

 

 

61,430

 

 

 

50,484

 

Trading account liabilities

 

 

161,529

 

 

 

168,027

 

Short-term borrowings (including $7,358 and $4,683 as of December 31, 2021 and 2020, respectively, at fair value)

 

 

27,973

 

 

 

29,514

 

Long-term debt (including $82,609 and $67,063 as of December 31, 2021 and 2020, respectively, at fair value)

 

 

254,374

 

 

 

271,686

 

Other liabilities

 

 

74,920

 

 

 

59,983

 

Total liabilities

 

$

2,088,741

 

 

$

2,059,890

 

Stockholders’ equity

 

 

 

 

 

 

Preferred stock ($1.00 par value; authorized shares: 30 million), issued shares: 759,800 as of December 31, 2021 and 779,200 as of December 31, 2020, at aggregate liquidation value

 

$

18,995

 

 

$

19,480

 

Common stock ($0.01 par value; authorized shares: 6 billion), issued shares: 3,099,651,835 as of December 31, 2021 and 3,099,633,160 as of December 31, 2020

 

 

31

 

 

 

31

 

Additional paid-in capital

 

 

108,003

 

 

 

107,846

 

Retained earnings

 

 

184,948

 

 

 

168,272

 

Treasury stock, at cost: 1,115,296,641 shares as of December 31, 2021 and 1,017,543,951 shares as of December 31, 2020

 

 

(71,240

)

 

 

(64,129

)

Accumulated other comprehensive income (loss) (AOCI)

 

 

(38,765

)

 

 

(32,058

)

Total Citigroup stockholders’ equity

 

$

201,972

 

 

$

199,442

 

Noncontrolling interests

 

 

700

 

 

 

758

 

Total equity

 

$

202,672

 

 

$

200,200

 

Total liabilities and equity

 

$

2,291,413

 

 

$

2,260,090

 

 

The following table presents certain liabilities of consolidated VIEs, which are included on the Consolidated Balance Sheet above. The liabilities in the table below include third-party liabilities of consolidated VIEs only and exclude intercompany balances that eliminate in consolidation. The liabilities also exclude amounts where creditors or beneficial interest holders have recourse to the general credit of Citigroup.

 

 

December 31,

 

In millions of dollars

 

2021

 

 

2020

 

Liabilities of consolidated VIEs for which creditors or beneficial interest holders do not have recourse to the general credit of Citigroup

 

 

 

 

 

 

Short-term borrowings

 

$

8,376

 

 

$

9,278

 

Long-term debt

 

 

12,579

 

 

 

20,405

 

Other liabilities

 

 

694

 

 

 

463

 

Total liabilities of consolidated VIEs for which creditors or beneficial interest holders do not have recourse to the general credit of Citigroup

 

$

21,649

 

 

$

30,146

 

 

The Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements.