EX-25.(A) 9 dex25a.htm STATEMENT OF ELIGIBILITY Statement of Eligibility

Exhibit 25(a)


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)

 


 

JPMORGAN CHASE BANK

(Exact name of trustee as specified in its charter)

 


 

New York   13-4994650

(State of incorporation

if not a national bank)

 

(I.R.S. employer

identification No.)

270 Park Avenue

New York, New York

  10017
(Address of principal executive offices)   (Zip Code)

 

William H. McDavid

General Counsel

270 Park Avenue

New York, New York 10017

Tel: (212) 270-2611

(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

incorporation or organization)

 

(I.R.S. employer

identification No.)

1411 East Mission Avenue

Spokane, Washington 99202

  99202
(Address of principal executive offices)   (Zip Code)

 


$150,000,000 Avista Corporation Debt Securities

 

(Title of the indenture securities)

 



GENERAL

 

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.

 

New York State Banking Department, State House, Albany, New York 12110.

 

Board of Governors of the Federal Reserve System, Washington, D.C., 20551

 

Federal Reserve Bank of New York, District No. 2, 33 Liberty Street, New York, N.Y.

 

Federal Deposit Insurance Corporation, Washington, D.C., 20429.

 

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

 

Yes.

 

Item 2. Affiliations with the Obligor and Guarantors.

 

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

 

None.

 

Items 3-15 are not applicable because, to the best of the Trustee’s knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

 

2


Item 16. List of Exhibits

 

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

 

1. A copy of the Restated Organization Certificate of the Trustee dated March 25, 1997 and the Certificate of Amendment dated October 22, 2001 (see Exhibit 1 to Form T-1 filed in connection with Registration Statement No. 333-76894, which is incorporated by reference.)

 

2. A copy of the Certificate of Authority of the Trustee to Commence Business (see Exhibit 2 to Form T-1 filed in connection with Registration Statement No. 33-50010, which is incorporated by reference). On November 11, 2001, in connection with the merger of The Chase Manhattan Bank and Morgan Guaranty Trust Company of New York, the surviving corporation was renamed JPMorgan Chase Bank.

 

3. None, authorization to exercise corporate trust powers being contained in the documents identified above as Exhibits 1 and 2.

 

4. A copy of the existing By-Laws of the Trustee (see Exhibit 4 to Form T-1 filed in connection with Registration Statement No. 333-76894, which is incorporated by reference.)

 

5. Not applicable.

 

6. The consent of the Trustee required by Section 321(b) of the Act (see Exhibit 6 to Form T-1 filed in connection with Registration Statement No. 33-50010, which is incorporated by reference). On November 11, 2001, in connection with the merger of The Chase Manhattan Bank and Morgan Guaranty Trust Company of New York, the surviving corporation was renamed JPMorgan Chase Bank.

 

7. A copy of the latest report of condition of the Trustee, published pursuant to law or the requirements of its supervising or examining authority.

 

8. Not applicable.

 

9. Not applicable.

 

SIGNATURE

 

Pursuant to the requirements of the Trust Indenture Act of 1939 the Trustee, JPMorgan Chase Bank, a corporation organized and existing under the laws of the State of New York, 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     day of         ,

 

JPMORGAN CHASE BANK

By

 

/s/ Mitch Gardner


   

Mitch Gardner

Vice President


Exhibit 7 to Form T-1

 

Bank Call Notice

 

RESERVE DISTRICT NO. 2

CONSOLIDATED REPORT OF CONDITION OF

 

JPMorgan Chase Bank

of 270 Park Avenue, New York, New York 10017

and Foreign and Domestic Subsidiaries,

a member of the Federal Reserve System,

 

at the close of business March 31, 2003, in

accordance with a call made by the Federal Reserve Bank of this

District pursuant to the provisions of the Federal Reserve Act.

 

          Dollar Amounts     
          in Millions     

ASSETS

                    

Cash and balances due from depository institutions:

                    

Noninterest-bearing balances and currency and coin

          $ 21,415       

Interest-bearing balances

            6,882       

Securities:

                    

Held to maturity securities

            334       

Available for sale securities

            80,076       

Federal funds sold and securities purchased under agreements to resell

                    

Federal funds sold in domestic offices

            14,044       

Securities purchased under agreements to resell

            73,060       

Loans and lease financing receivables:

                    

Loans and leases held for sale

            25,832       

Loans and leases, net of unearned income

   $ 161,345              

Less: Allowance for loan and lease losses

     3,823              

Loans and leases, net of unearned income and allowance

            157,522       

Trading Assets

            189,427       

Premises and fixed assets (including capitalized leases)

            6,186       

Other real estate owned

            131       

Investments in unconsolidated subsidiaries and associated companies

            691       

Customers’ liability to this bank on acceptances outstanding

            225       

Intangible assets

                    

Goodwill

            2,180       

Other Intangible assets

            3,314       

Other assets

            40,377       

TOTAL ASSETS

                 $ 621,696


LIABILITIES

             

Deposits

             

In domestic offices

          $ 174,351

Noninterest-bearing

   $ 70,991       

Interest-bearing

     103,360       

In foreign offices, Edge and Agreement subsidiaries and IBF’s

            125,789

Noninterest-bearing

   $ 7,531       

Interest-bearing

     118,258       

Federal funds purchased and securities sold under agreements to repurchase:

             

Federal funds purchased in domestic offices

            5,929

Securities sold under agreements to repurchase

            113,903

Trading liabilities

            116,329

Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)

            10,758

Bank’s liability on acceptances executed and outstanding

            225

Subordinated notes and debentures

            8,306

Other liabilities

            29,735

TOTAL LIABILITIES

            585,325

Minority Interest in consolidated subsidiaries

            97

EQUITY CAPITAL

             

Perpetual preferred stock and related surplus

            0

Common stock

            1,785

Surplus (exclude all surplus related to preferred stock)

            16,304

Retained earnings

            17,228

Accumulated other comprehensive income

            957

Other equity capital components

            0

TOTAL EQUITY CAPITAL

            36,274
           

TOTAL LIABILITIES, MINORITY INTEREST, AND EQUITY CAPITAL

          $ 621,696
           

 

I, Joseph L. Sclafani, E.V.P. & Controller of the above-named bank, do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.

 

JOSEPH L. SCLAFANI

 

We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us, and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

 

WILLIAM B. HARRISON, JR.    )

HELENE L. KAPLAN                   ) DIRECTORS

WILLIAM H. GRAY, III               )