EX-25.1 5 tm2025854d2_ex25-1.htm EXHIBT 25.1

Exhibit 25.1

 

 

 

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)

 

Delaware Trust Company

(Exact name of trustee as specified in its charter)

 

Delaware 51-0011500

(Jurisdiction of incorporation or organization if

not a U.S. national bank)

(I.R.S. Employer

Identification No.)

 

251 Little Falls Drive

Wilmington, Delaware

19808
(Address of principal executive offices) (Zip code)
   


Corporation Service Company

251 Little Falls Drive

Wilmington, Delaware

(800) 927-9801

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

 

 

 

Clearway Energy, Inc.

(Exact name of obligor as specified in its charter)

 

Delaware 46-1777204
(State or other jurisdiction of incorporation of organization) (I.R.S. Employer Identification No.)

 

300 Carnegie Center, Suite 300

Princeton, NJ 08540

08540
(Address of principal executive offices) (Zip code)

 

 

 

Debt Securities

(Title of the 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.

 

  Office of the State Banking Commissioner
  State of Delaware
  555 East Loockerman Street 
Dover, DE  19901

 

 

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

 

  The trustee is authorized to exercise corporate trust powers.

 

Item 2.

Affiliations with Obligor.  

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

 

  None with respect to the trustee.

 

Items 3-14.  

 

No responses are included for Items 3–14 because the obligor is not in default as provided under Item 13. 

 

Item 15.Foreign Trustee. 

 

Not applicable. 

 

Item 16.List of Exhibits 

 

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

 

Exhibit 1. A copy of the Articles of Association of the trustee now in effect as contained in the Certificate of Incorporation. *
   
Exhibit 2. A copy of the Certificate of Incorporation. *
   
Exhibit 3. See Exhibit 2.

 

Exhibit 4. A copy of by-laws of the trustee as now in effect. *

 

Exhibit 5. Not applicable.

 

Exhibit 6. The consent of the trustee required by Section 321(b) of the Act.

 

Exhibit 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.

 

Exhibit 8. Not applicable.

 

Exhibit 9. Not applicable.

 

* Incorporated by reference to Exhibit 25.01 to the registration statement on S-4, Registration Number 333-227503 filed on September 24, 2018.

 

 

 

 

 

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Delaware Trust Company, a non-depository trust company and corporation duly organized and existing under the laws of Delaware, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Wilmington and State of Delaware on the 6th day of August 2020.

 

DELAWARE TRUST COMPANY 
   
 /s/ Benjamin Hancock 
Name: Benjamin Hancock 
Title: Assistant Vice President 

 

 

 

 

EXHIBIT 6

  

August 6, 2020

 

Securities and Exchange Commission

Washington, D.C.  20549

 

Gentlemen:

 

In accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, the undersigned hereby consents that reports of examination of the undersigned made by Federal, State, Territorial, or District authorities authorized to make such examination may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

 

Very truly yours,

 

DELAWARE TRUST COMPANY 
   
 /s/ Benjamin Hancock 
Name: Benjamin Hancock 
Title: Assistant Vice President 

 

 

 

 

EXHIBIT 7

 

Report of Condition of

 

Delaware Trust Company

of 251 Little Falls Drive, Wilmington, Delaware 19808

at the close of business June 30, 2020, filed in accordance with 5 Del. Laws, c.9, §904

 

              Dollar Amounts
              In Thousands
               
ASSETS              
Cash and balances due from depository institutions:          
  Noninterest-bearing balances and currency and coin          
  Interest-bearing balances         1,456
Securities:              
  Held-to-maturity securities          
  Available-for-sale securities          
Federal funds sold and securities purchased under agreements to resell:          
  Federal funds sold in domestic offices          
  Securities purchased under agreements to resell          
Loans and lease financing receivables:          
  Loans and leases held for sale          
  Loans and leases, net of unearned income          
  LESS: Allowance for loan and lease losses          
  Loans and leases, net of unearned income and allowance         0
Trading Assets            
Premises and fixed assets (including capitalized leases)         27
Other real estate owned            
Investments in unconsolidated subsidiaries and associated companies          
Direct and indirect investments in real estate ventures          
Intangible assets            
  Goodwill            
  Other intangible assets           1,344
Other assets           109,173
               
Total assets           112,000

 

 

 

 

          Dollar Amounts
          In Thousands
           
LIABILITIES          
Deposits:          
  In domestic offices        
    Noninterest-bearing        
    Interest-bearing        
  In foreign offices, Edge and Agreement subsidiaries, and IBFs        
    Noninterest-bearing        
    Interest-bearing        
Federal funds purchased and securities sold under agreements to repurchase:        
      Federal funds purchased in domestic offices        
       Securities sold under agreements to repurchase        
               
Trading liabilities            
Other borrowed money            
  (includes mortgage indebtedness and obligations under capitalized leases)          
Subordinated notes and debentures          
Other liabilities           2,672
               
Total liabilities           2,672
               
               
EQUITY CAPITAL            
Perpetual preferred stock and related surplus      
Common stock           500
Surplus (exclude all surplus related to preferred stock)         105,501
Retained earnings           3,327
Accumulated other comprehensive income          
Other equity capital components            
               
Total institution equity capital           109,328
Noncontrolling (minority) interests in consolidated subsidiaries          
               
Total equity capital            
              109,328
Total liabilities, and equity capital           112,000

 

I, Thomas C. Porth, CFO of the above-named State Non-Depository Trust Company, do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate State regulatory authority and is true to the best of my knowledge and belief.

 

/s/ Edwin J Dealy 
Edwin J Dealy 
CFO 

 

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 State regulatory authority and is true and correct.

 

   /s/ Rodman Ward                          /s/ John Hebert                           
     Rodman Ward        John Hebert