EX-25.1 13 dex251.htm STATEMENT OF ELIGIBILITY ON FORM T-1 Statement of Eligibility on Form T-1

Exhibit 25.1

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 NOVA SCOTIA TRUST COMPANY OF NEW YORK

(Exact name of trustee as specified in its charter)

 

New York   13-5691211

(Jurisdiction of incorporation or organization

if not a U.S. national bank)

  

(I.R.S. employer

Identification number)

One Liberty Plaza  
New York, N.Y.   10006
(Address of principal executive office)   (Zip code)

N/A

Name, address and telephone number of agent for service

CONSOL ENERGY INC

(Exact name of obligor as specified in its charter)

Delaware

(State or other jurisdiction of incorporation or organization)

51-0337383

(I.R.S. employer identification no.)

CNX Center

1000 CONSOL Energy Drive

Canonsburg, Pennsylvania 15317

(Address of principal executive offices) (Postal Code)

8.00% Senior Notes due 2017

(under Indenture dated April 1, 2010)

8.25% Senior Notes due 2020

(under Indenture dated April 1, 2010)

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.

Board of Governors of the Federal Reserve System

Washington, D.C.

State of New York Banking Department

State House, Albany, N.Y.

 

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

The Trustee is authorized to exercise corporate trust powers.

 

Item 2. Affiliation with the Obligor.

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

The obligor is not an affiliate of the Trustee.

Item 3 through Item 15. Not applicable.

 

Item 16. List of Exhibits.

List below all exhibits filed as part of this statement of eligibility.

 

Exhibit 1

    —    Copy of the Organization Certificate of the Trustee as now in effect. (Exhibit 1 to T-1 to Registration Statement No. 333-6688).

Exhibit 2

    —    Copy of the Certificate of Authority of the Trustee to commerce business. (Exhibit 2 to T-1 to Registration Statement No. 333-6688).

Exhibit 3

    —    None; authorization to exercise corporate trust powers is contained in the documents identified above as Exhibit 1 and 2.

Exhibit 4

    —    Copy of the existing By-Laws of the Trustee. (Exhibit 4 to T-1 to Registration Statement No. 333-6688).

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 to Registration Statement No. 333-27685).

Exhibit 7

    —    Copy of the latest Report of Condition of the Trustee As of June 30, 2010.

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, The Bank of Nova Scotia Trust Company of New York, 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 16th day of September, 2010.

 

THE BANK OF NOVA SCOTIA TRUST

COMPANY OF NEW YORK

By:    /S/ John F. Neylan
 

John F. Neylan

Trust Officer

The Bank of Nova Scotia Trust Company of New York

Legal Title of Bank

New York

City

New York                              10006
State                                         Zip Code

FDIC Certificate Number /_/_/_/_/_/

Consolidated Report of Condition for Insured Commercial and State-Chartered Savings Banks for June 30, 2010

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          975    1.a.

b. Interest-bearing balances(2)

    0071       7    500    1.b.

2. Securities:

                  

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

    1754       7    253    2.a.

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

    1773          0    2.b.

3. Federal funds sold and securities purchased under agreement to resell

    1350            

a. Federal Funds sold

    B987          0    3.a.

b. Securities purchased under agreements to resell(3)

    B989          0    3.b.

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

                  

a. Loans and leases held for sale

    5369          0    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          0    4.d.

5. Trading assets (from Schedule RC-D)

    3545          0    5.

6. Premises and fixed assets (including capitalized leases)

    2145          0    6.

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

    2150          0    7.

8. Investments in unconsolidated subsidiaries and associated companies (from Schedule RC-M)

    2130          0    8.

9. Direct and indirect investments in real estate ventures

    2155          0    9.

10. Intangible assets:

                  

a. Goodwill

    3163          0    10.a.

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

    0426          0    10.b.

11. Other assets (from Schedule RC-F)

    2160          383    11.

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

    2170       16    111    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.

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          0    13.a.   

(1) Noninterest-bearing(l)

    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

    2800          0    14.   

a. Federal Funds purchased(2)

    B993          0    14.a.   

b. Securities sold under agreements to purchase(3)

    B995          0    14.b.   

15. Trading liabilities (from Schedule RC-D)

    3548          0    15.   

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

    3190          0    16.   

17. and 18. Not applicable

               

19. Subordinated notes and debentures(4)

    3200          0    19.   

20. Other liabilities (from Schedule RC-G)

    2930          781    20.   

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

    2948          781    21.   

22. Not applicable

             0   

EQUITY CAPITAL

               

Bank Equity Capital

               

23. Perpetual preferred stock and related surplus

    3838          0    23.   

24. Common stock

    3230       1    000    24.   

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

    3839       10    030    25.   

26.    a. Retained earnings

    3632       4    300    26.a.   

b. Accumulated other comprehensive income(5)

    B530          0    26.b.   

c. Other equity capital components(6)

    A130          0    26.c   

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

    3210       15    330    27.a.   

b. Noncontrolling (minority) interests in consolidated subsidiaries

    3000          0    27.b.   

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

    3210       15    330    28.   

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

    3300       16    111    29.   

Memorandum

To be reported with the March Report of Condition.

 

     RCON    Number

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 2009

    6724    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’s financial statements by external auditors

 

8 = Other audit procedures (excluding tax preparation work)

 

9 = No external audit work

 

     RCON    MM    DD

To be reported with the March Report of Condition.

         

2. Bank’s fiscal year-end date

    8678      

 

(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 net unrealized holding gains (losses) on available-for-sale securities, accumulated net gains (losses) on cash flow hedges, and minimum pension liability adjustments.

 

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