EX-25.01 40 a2224163zex-25_01.htm EX-25.01

Exhibit 25.01

 

 

 

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) o

 

LAW DEBENTURE TRUST COMPANY OF NEW YORK

(Exact name of trustee as specified in its charter)

 

New York

 

01-0622605

(Jurisdiction of incorporation or organization if not a U.S.

 

(I.R.S. Employer Identification

national bank)

 

Number)

 

400 Madison Avenue, 4th Floor, New York, New York

 

10017

(Address of principal executive offices)

 

(Zip Code)

 

Law Debenture Trust Company of New York, 400 Madison Avenue, 4th Floor
New York, NY 10017, James D. Heaney, Managing Director, (212) 750-6474

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

 

NRG Yield LLC

NRG Yield Operating LLC*

(Exact name of obligor as specified in its charter)

 

Delaware

 

32-0407370

Delaware

 

30-0780012

(State or other jurisdiction of incorporation or organization)

 

(I.R.S. Employer Identification No.)

 

211 Carnegie Center

 

 

Princeton, New Jersey

 

08540

(Address of principal executive offices)

 

(Zip Code)

 

5.375% Senior Notes due 2024

Guarantees related to the 5.375% Senior Notes due 2024

(Title of the indenture securities)

 


* The co-obligors listed on the next page are also included in this Form T-1 as additional obligors.

 

 

 



 

Table of Additional Obligors

 

Exact Name of Additional Obligors*

 

Jurisdiction of
Formation

 

I.R.S. Employer
Identification No.

 

Alta Wind 1-5 Holding Company, LLC

 

Delaware

 

35-2526443

 

Alta Wind Company, LLC

 

Delaware

 

47-2576803

 

NRG Energy Center Omaha LLC

 

Delaware

 

35-2492633

 

NRG Energy Center Omaha Holdings LLC

 

Delaware

 

46-4164574

 

NRG South Trent Holdings LLC

 

Delaware

 

27-2207561

 

NRG Yield RPV Holding LLC

 

Delaware

 

47-2898953

 

NYLD Fuel Cell Holdings LLC

 

Delaware

 

47-2588093

 

UB Fuel Cell, LLC

 

Connecticut

 

46-5519511

 

 


*The address for each of the additional Obligors is c/o NRG Yield Operating LLC, 211 Carnegie Center, Princeton, N.J. 08540.

 



 

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

 

 

 

Superintendent of Banks of the State of New York

 

One State Street, New York, N.Y. 10004-1417 and One Commerce Plaza, Albany, NY 12257

 

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

 

Yes.

 

2.                                      Affiliations with Obligor.

 

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

 

None.

 

3-14.

 

No responses are included for Items 3-14 of this Form T-1 because the obligor is not in default as provided under Item 13.

 

15.                               Foreign Trustee.

 

Not applicable.

 

16.                               List of Exhibits.

 

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the “Act”) and 17 C.F.R. 229.10(d).

 

1.                                      A copy of the articles of association of the trustee as now in effect. (see Exhibit 1 to Form T-1 filed in connection with Registration Statement No. 333-127469, which is incorporated by reference).

 

2.                                      A copy of the certificate of authority of the trustee to commence business, if not contained in the articles of association. (see Exhibit 2 to Form T-1 filed in connection with Registration Statement No. 333-127469, which is incorporated by reference).

 



 

3.                                      A copy of the existing bylaws of the trustee, or instruments corresponding thereto. (see Exhibit 3 to Form T-1 filed in connection with Registration Statement No. 333-127469, which is incorporated by reference).

 

4.                                      The consents of the trustee required by Section 321(b) of the Act. (see Exhibit 4 to Form T-1 filed in connection with Registration Statement 333-133414, which is incorporated by reference).

 

5.                                      A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.

 

SIGNATURE

 

Pursuant to the requirements of the Trust Indenture Act of 1939 the trustee, Law Debenture Trust Company of New York, a trust company organized and existing under the laws 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 9th day of April, 2015.

 

 

Law Debenture Trust Company of New York

 

(Trustee)

 

 

 

By:

/S/ James D. Heaney

 

 

James D. Heaney

 

 

Managing Director

 


 

Exhibit  5

 

T-1 Item 16

 

Consolidated Report of Condition (attached as Exhibit 5 hereto) of

 

LAW DEBENTURE TRUST COMPANY OF NEW YORK

 

of 400 Madison Avenue, New York, NY 10017,

 

a limited purpose trust company (“LDTC-NY”) and U.S. subsidiary of Law Debenture Corporation plc, London, England (“Law Debenture”), at the close of business December 31, 2014, published with the Federal Financial Institutions Examination Council/Board of Governors of the Federal Reserve System, and in accordance with Chapter 2 of the Consolidated Laws of the State of New York Banking Department license granted on May 8, 2002.

 

I, Frank Godino, a Vice President of Law Debenture Trust Company of New York do hereby declare that this Report of Condition has been prepared in conformance with instructions issued by the Board of Governors of the Federal Reserve System and is true to the best of my knowledge and belief.

 

IN WITNESS WHEREOF, I have executed this certificate the 9th of April, 2015.

 

 

/S/ Frank Godino

 

Frank Godino

 

Vice President

 

Law Debenture Trust Company of New York

 

I, James D. Heaney, Managing Director of Law Debenture Trust Company of New York, do hereby attest that the signature set forth above is the true and genuine signature of Frank Godino, Vice President of Law Debenture Trust Company of New York.

 

 

 

/S/ James D. Heaney

 

 

Attested by:

James D. Heaney

 

 

Its:

Managing Director

 

 



 

Law Debenture Trust Company of New York

FFIEC 041

Exhibit A

 

PAGE RC-6

 

 

13

 

 

Consolidated Report of Condition for Insured Commercial and State-Chartered Savings Banks for December 31, 2014

 

All schedules are to be reported in thousands of dollars.  Unless otherwise indicated, report the amount outstanding as of the last business day of the quarter.

 

Schedule RC—Balance Sheet

 

Dollar Amounts in Thousands

 

RCON

 

Bil

 

Mil

 

Thou

 

 

ASSETS

 

 

 

 

 

 

 

 

 

 

1.              Cash and balances due from depository institutions (from Schedule RC-A):

 

 

 

 

 

 

 

 

 

 

a.              Noninterest-bearing balances and currency and coin(1)

 

0081

 

 

 

 

 

689

 

1.a.

b.              Interest-bearing balances(2)

 

0071

 

49

 

 

 

534

 

1.b.

2.              Securities:

 

 

 

 

 

 

 

 

 

 

a.              Held-to-maturity securities (from Schedule RC-B, column A)

 

1754

 

 

 

 

 

 

 

2.a.

b.              Available-for-sale securities (from Schedule RC-B, column D)

 

1773

 

 

 

 

 

 

 

2.b.

3.              Federal funds sold and securities purchased under agreements to resell:

 

 

 

 

 

 

 

 

 

 

a.              Federal funds sold

 

B987

 

 

 

 

 

 

 

3.a.

b.              Securities purchased under agreements to resell(3)

 

B989

 

 

 

 

 

 

 

3.b.

4.              Loans and lease financing receivables (from Schedule RC-C)

 

 

 

 

 

 

 

 

 

 

a.              Loans and leases held for sale

 

5369

 

 

 

 

 

 

 

4.a.

b.              Loans and leases, net of unearned income

B528

 

 

 

 

 

 

 

 

 

4.b.

c.               LESS: Allowance for loan and lease losses

3123

 

 

 

 

 

 

 

 

 

4.c.

d.              Loans and leases, net of unearned income and allowance (item 4.b minus 4.c)

 

B529

 

 

 

 

 

 

 

4.d.

5.              Trading assets (from Schedule RC-D)

 

3545

 

 

 

 

 

 

 

5.

6.              Premises and fixed assets (including capitalized leases)

 

2145

 

 

 

 

 

5

 

6.

7.              Other real estate owned (from Schedule RC-M

 

2150

 

 

 

 

 

 

 

7.

8.              Investments in unconsolidated subsidiaries and associated companies

 

2130

 

 

 

 

 

 

 

8.

9.              Direct and indirect investments in real estate ventures

 

3656

 

 

 

 

 

 

 

9.

10.       Intangible assets:

 

 

 

 

 

 

 

 

 

 

a.              Goodwill

 

3163

 

 

 

 

 

 

 

10.a.

b.              Other intangible assets (from Schedule RC-M)

 

0426

 

 

 

 

 

 

 

10.b.

11.       Other assets (from Schedule RC-F)

 

2160

 

 

 

3

 

289

 

11.

12.       Total assets (sum of items 1 through 11)

 

2170

 

 

 

53

 

482

 

12.

 


(1) Includes cash items in process of collection and unposted debits.

(2) Includes time certificates of deposit not held for trading.

(3) Includes all securities resale agreements, regardless of maturity.

(4) Includes noninterest-bearing demand, time and savings deposits.

 



 

 

FFIEC 041

 

PAGE RC-3

 

14

 

Schedule RC—Continued

 

Dollar Amounts in Thousands

 

RCON

 

Bil

 

Mil

 

Thou

 

 

LIABILITIES

 

 

 

 

 

 

 

 

 

 

13.       Deposits:

 

 

 

 

 

 

 

 

 

 

a.              In domestic offices (sum of totals of columns A and C from Schedule RC-E)

 

2200

 

 

 

 

 

 

 

13.a.

(1)         Noninterest-bearing(1)

6631

 

 

 

 

 

 

 

 

 

13.a.(1)

(2)         Interest-bearing

6636

 

 

 

 

 

 

 

 

 

13.a.(2)

b.              Not applicable

 

 

 

 

 

 

 

 

 

 

14.       Federal funds purchased and securities sold under agreements to repurchase:

 

 

 

 

 

 

 

 

 

 

a.              Federal funds purchased(2)

 

B993

 

 

 

 

 

 

 

14.a.

b.              Securities sold under agreements to repurchase(3)

 

B995

 

 

 

 

 

 

 

14.b.

15.       Trading liabilities (from Schedule RC-D)

 

3548

 

 

 

 

 

 

 

15.

16.       Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases) (from Schedule RC-M)

 

3190

 

 

 

 

 

 

 

16.

17.       and 18. Not applicable

 

 

 

 

 

 

 

 

 

 

19.       Subordinated notes and debentures(4)

 

3200

 

 

 

 

 

 

 

19.

20.       Other liabilities (from Schedule RC-G)

 

2930

 

 

 

9

 

041

 

20.

21.       Total liabilities (sum of items 13 through 20)

 

2948

 

 

 

9

 

041

 

21.

22.       Not applicable

 

 

 

 

 

 

 

 

 

 

EQUITY CAPITAL

 

 

 

 

 

 

 

 

 

 

Bank Equity Capital

 

 

 

 

 

 

 

 

 

 

23.       Perpetual preferred stock and related surplus

 

3838

 

 

 

 

 

 

 

23.

24.       Common stock

 

3230

 

 

 

 

 

1

 

24.

25.       Surplus (excludes all surplus related to preferred stock)

 

3839

 

 

 

49

 

876

 

25.

26.       a.               Retained earnings

 

3632

 

 

 

 

 

316

 

26.a.

b.              Accumulated other comprehensive income(5)

 

B530

 

 

 

 

 

 

 

26.b.

c.               Other equity capital components(6)

 

A130

 

 

 

 

 

 

 

26.c.

27.       a.               Total bank equity capital (sum of items 23 through 26.c)

 

3210

 

 

 

50

 

193

 

27.a.

b.              Noncontrolling (minority) interests in consolidated subsidiaries

 

3000

 

 

 

 

 

 

 

27.b

28.       Total equity capital (sum of items 27.a and 27.b)

 

G105

 

 

 

50

 

193

 

28.

29.       Total liabilities and equity capital (sum of items 21 and 28)

 

3300

 

 

 

59

 

482

 

29.

 

Memoranda

To be reported with the March Report of Condition.

 

1.      Indicate in the box at the right the number of the statement below that best describes the most comprehensive level of auditing work performed for the bank by independent external auditors as of any date during 2013

 

RCON

 

Number

 

 

 

 

 

1

M.1.

 

1 =       Independent audit of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the bank

 

2 =       Independent audit of the bank’s parent holding company conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the consolidated holding company (but not on the bank separately)

 

3 =       Attestation on bank management’s assertion on the effectiveness of the bank’s internal control over financial reporting by a certified public accounting firm

 

4 =            Directors’ examination of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm (may be required by state chartering authority)

 

5 =            Directors’ examination of the bank performed by other external auditors (may be required by state chartering authority)

 

6 =            Review of the bank’s financial statements by external auditors

 

7 =            Compilation of the bank’ financial statements by external auditors

 

8 =            Other audit procedures (excluding tax preparation work)

 

9 =            No external audit work

 

To be reported with the March Report of Condition.

RCON

 

MM

 

DD

 

 

2.      Bank’s fiscal year-end date

8678

 

12

 

31

 

M.2.

 


(1) Includes total demand deposits and noninterest-bearing time and savings deposits.

 



 

(2) Report overnight Federal Home Loan Bank advances in Schedule RC, item 16, “Other borrowed money.”

(3) Includes all securities repurchase agreements, regardless of maturity.

(4) Includes limited-life preferred stock and related surplus.

(5) Includes, but not limited to, net unrealized holding gains (losses) on available-for-sale securities, accumulated net gains (losses) on cash flow hedges, and accumulated defined benefit pension and other postretirement plan adjustments..

(6) Includes treasury stock and unearned Employee Stock Ownership Plan shares.