EX-25.2 9 exh252.htm FORM T-1 OF U.S. BANK NATIONAL ASSOCIATION EXH25.2
Exhibit 25.2

_____________________________________________________________________________

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)
_______________________________________________________

U.S. BANK NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)

31-0841368
I.R.S. Employer Identification No.

800 Nicollet Mall
Minneapolis, Minnesota

55402
(Address of principal executive offices)
(Zip Code)
                        
Susan Freedman
U.S. Bank National Association
One Federal Street, 3rd floor
Boston, MA 02110
(617) 603-6562
(Name, address and telephone number of agent for service)
                                                       
El Paso Electric Company
(Issuer with respect to the Securities)
Texas
74-0607870
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
 
 

Stanton Tower
100 North Stanton
El Paso, Texas

79901
(Address of Principal Executive Offices)
(Zip Code)
    
First Mortgage Bonds
(Title of the Indenture Securities)






    



FORM T-1

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.
Comptroller of the Currency
Washington, D.C.

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

Item 2. AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the Trustee, describe each such affiliation.
None

Items 3-15
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.
    
Item 16. LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.

1. A copy of the Articles of Association of the Trustee.*

2. A copy of the certificate of authority of the Trustee to commence business, attached as Exhibit 2.

3.    A copy of the certificate of authority of the Trustee to exercise corporate trust powers, attached as Exhibit 3.

4.    A copy of the existing bylaws of the Trustee.**
 
5.    A copy of each Indenture referred to in Item 4. Not applicable.

6.    The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

7.    Report of Condition of the Trustee as of June 30, 2014 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.
        

    
* Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.

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** Incorporated by reference to Exhibit 25.1 to registration statement on S-4, Registration Number 333-166527 filed on May 5, 2010.



SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Boston, Commonwealth of Massachusetts on the 26th of September, 2014.

    


                
                    
By:
/s/ Susan Freedman
 
Susan Freedman
 
Vice President








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Exhibit 2

[LOGO OF OFFICE OF THE COMPTROLLER OF THE CURRENCY]
Washington, DC 20219




CERTIFICATE OF CORPORATE EXISTENCE

I, Thomas J. Curry, Comptroller of the Currency, do hereby certify that:
1. The Comptroller of the Currency, pursuant to Revised Statutes 324, et seq, as amended, and 12 USC 1, et seq, as amended, has possession, custody, and control of all records pertaining to the chartering, regulation, and supervision of all national banking associations.
2. "U.S. Bank National Association," Cincinnati, Ohio (Charter No. 24), is a national banking association formed under the laws of the United States and is authorized thereunder to transact the business of banking on the date of this certificate.
[SEAL]
 
IN TESTIMONY WHEREOF, today, May 1, 2014, I have hereunto subscribed my name and caused my seal of office to be affixed to these presents at the U.S. Department of the Treasury, in the City of Washington, District of Columbia.
 
 
 
/s/ Thomas J. Curry
 
 
 
Comptroller of the Currency
 


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Exhibit 3

[LOGO OF OFFICE OF THE COMPTROLLER OF THE CURRENCY]
Washington, DC 20219
CERTIFICATION OF FIDUCIARY POWERS

I, Thomas J. Curry, Comptroller of the Currency, do hereby certify that:
1. The Office of the Comptroller of the Currency, pursuant to Revised Statutes 324, et seq, as amended, and 12 USC 1, et seq, as amended, has possession, custody, and control of all records pertaining to the chartering, regulation, and supervision of all national banking associations.
2. "U.S. Bank National Association," Cincinnati, Ohio (Charter No. 24), was granted, under the hand and seal of the Comptroller, the right to act in all fiduciary capacities authorized under the provisions of the Act of Congress approved September 28, 1962, 76 Stat. 668, 12 USC 92a, and that the authority so granted remains in full force and effect on the date of this certificate.
[SEAL]
 
IN TESTIMONY WHEREOF, today, May 1, 2014, I have hereunto subscribed my name and caused my seal of office to be affixed to these presents at the U.S. Department of the Treasury, in the City of Washington, District of Columbia.
 
 
 
/s/ Thomas J. Curry
 
 
 
Comptroller of the Currency
 


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Exhibit 6

CONSENT

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


Dated: September 26, 2014

                    
                
By:
/s/ Susan Freedman
 
Susan Freedman
 
Vice President


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Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
As of 6/30/2014

($000’s)

 
 
6/30/2014
 
 
Assets
 
 
 
 
 
Cash and Balances Due From
$
12,591,901

 
 
          
      Depository Institutions
 
 
 
 
Securities
89,882,232

 
 
 
Federal Funds
109,925

 
 
 
Loans & Lease Financing Receivables
241,450,255

 
 
 
Fixed Assets
4,561,715

 
 
 
Intangible Assets
13,335,806

 
 
 
Other Assets
22,261,774

 
 
 
Total Assets
$
384,193,608

 
 
 
 
 
 
 
Liabilities
 
 
 
 
Deposits
$
286,193,358

 
 
 
Fed Funds
1,264,138

 
 
 
Treasury Demand Notes
0

 
 
 
Trading Liabilities
382,290

 
 
 
Other Borrowed Money
37,760,161

 
 
 
Acceptances
0

 
 
 
Subordinated Notes and Debentures
5,023,000

 
 
 
Other Liabilities
12,274,098

 
 
 
Total Liabilities
$
342,897,045

 
 
 
 
 
 
 
Equity
 
 
 
 
 
Common and Preferred Stock
18,200

 
 
 
Surplus
14,266,407

 
 
 
Undivided Profits
26,159,120

 
 
 
Minority Interest in Subsidiaries
$
852,836

 
 
 
      Total Equity Capital
$
41,296,563

 
 
 
 
 
 
 
Total Liabilities and Equity Capital
$
384,193,608

 
 


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