EX-25 11 aeptexas05-2024sx3ex25.htm EX-25 Document

Exhibit 25

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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)           |__|
___________________________

THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)
(Jurisdiction of incorporation
if not a U.S. national bank)
95-3571558
(I.R.S. employer
identification no.)
333 South Hope Street
Suite 2525
Los Angeles, California
(Address of principal executive offices)
90071
(Zip code)

___________________________
AEP TEXAS INC.
(Exact name of obligor as specified in its charter)
Delaware
(State or other jurisdiction of
incorporation or organization)
51-0007707
(I.R.S. employer
identification no.)
1 Riverside Plaza
Columbus, Ohio
(Address of principal executive offices)

43215
(Zip code)
___________________________

Unsecured Notes
(Title of the indenture securities)

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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.
NameAddress
Comptroller of the Currency
United States Department of the
Treasury
Washington, DC 20219
Federal Reserve BankSan Francisco, CA 94105
Federal Deposit Insurance CorporationWashington, DC 20429

(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.

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 Bank of New York Mellon Trust Company, N.A., formerly known as The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152875).

2.    A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).

3.     A copy of the authorization of the trustee to exercise corporate trust powers (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-152875).
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4.    A copy of the existing by-laws of the trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-229762).

6.    The consent of the trustee required by Section 321(b) of the Act (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-152875).

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

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SIGNATURE

Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon Trust Company, N.A., a 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 Chicago, and State of Illinois, on the 13th day of May, 2024.

THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.
By:/s/ Ann Dolezal
Name: Ann M. Dolezal
Title: Vice President

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EXHIBIT 7

Consolidated Report of Condition of
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
of 333 South Hope Street, Suite 2525, Los Angeles, CA 90071

At the close of business March 31, 2024, published in accordance with Federal regulatory authority instructions.
Dollar amounts
in thousands
ASSETS
Cash and balances due from
depository institutions:
Noninterest-bearing balances and currency and coin3,941 
Interest-bearing balances357,485 
Securities:
Held-to-maturity securities
Available-for-sale debt securities528 
Equity securities with readily determinable fair values not held for trading
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, held for investment0
LESS: Allowance for credit losses on loans and
leases0
Loans and leases held for investment,
net of allowance0
Trading assets
Premises and fixed assets (including capitalized leases)12,163 
Other real estate owned
Investments in unconsolidated subsidiaries and associated companies
Direct and indirect investments in real estate ventures
Intangible assets856,313 
Other assets102,764 
Total assets$1,333,194 
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LIABILITIES
Deposits:
In domestic offices1,444 
Noninterest-bearing1,444 
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)
Not applicable
Not applicable
Subordinated notes and debentures
Other liabilities276,687 
Total liabilities278,131 
Not applicable
EQUITY CAPITAL
Perpetual preferred stock and related surplus
Common stock1,000 
Surplus (exclude all surplus related to preferred stock)106,705 
Not available
Retained earnings947,358 
Accumulated other comprehensive income
Other equity capital components
Not available
Total bank equity capital1,055,063 
Noncontrolling (minority) interests in consolidated subsidiaries
Total equity capital1,055,063 
Total liabilities and equity capital1,333,194 


    I, Janice Shell, CFO of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.

    Janice Shell     )    CFO


    We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date 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.

    Antonio I. Portuondo, President         )
    Loretta A. Lundberg, Managing Director    )    Directors (Trustees)
    Cathleen M. Sokolowski, Managing Director    )    
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