EX-25.1 5 dex251.htm STATEMENT OF ELIGIBILITY Statement of Eligibility

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)

 

 

DEUTSCHE BANK TRUST COMPANY AMERICAS

(formerly BANKERS TRUST COMPANY)

(Exact name of trustee as specified in its charter)

 

NEW YORK   13-4941247
(Jurisdiction of Incorporation or   (I.R.S. Employer
organization if not a U.S. national bank)   Identification no.)

 

60 WALL STREET  
NEW YORK, NEW YORK   10005
(Address of principal executive offices)   (Zip Code)

Deutsche Bank Trust Company Americas

Attention: Lynne Malina

Legal Department

60 Wall Street, 37th Floor

New York, New York 10005

(212) 250 – 0677

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

 

 

CenterPoint Energy Restoration Bond Company, LLC

(Exact name of obligor as specified in its charter)

 

Delaware   30-0582734
(State or other jurisdiction   (IRS Employer
of incorporation or organization)   Identification No.)

 

 

Copies To:

1111 Louisiana, Suite 4664B

Houston, Texas 77002

 

 

 

Senior Secured System Restoration Bonds

(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.

 

Name

   Address

Federal Reserve Bank (2nd District)

   New York, NY

Federal Deposit Insurance Corporation

   Washington, D.C.

New York State Banking Department

   Albany, NY

 

    (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.

 

Item 3.-15. Not Applicable

 

Item 16. List of Exhibits.

 

Exhibit 1 –

    Restated Organization Certificate of Bankers Trust Company dated August 6, 1998, Certificate of Amendment of the Organization Certificate of Bankers Trust Company dated September 25, 1998, Certificate of Amendment of the Organization Certificate of Bankers Trust Company dated December 16, 1998, and Certificate of Amendment of the Organization Certificate of Bankers Trust Company dated February 27, 2002 – Incorporated herein by reference to Exhibit 1 filed with Form T-1 Statement, Registration No. 333-157637-01.

Exhibit 2 –

    Certificate of Authority to commence business – Incorporated herein by reference to Exhibit 2 filed with Form T-1 Statement, Registration No. 333-157637-01.

Exhibit 3 –

    Authorization of the Trustee to exercise corporate trust powers – Incorporated herein by reference to Exhibit 3 filed with Form T-1 Statement, Registration No. 333-157637-01.

Exhibit 4 –

    Existing By-Laws of Deutsche Bank Trust Company Americas, as amended on April 15, 2002 business – Incorporated herein by reference to Exhibit 4 filed with Form T-1 Statement, Registration No. 333-157637-01.

 

- 2 -

Exhibit 5 –

    Not applicable.

Exhibit 6 –

    Consent of Bankers Trust Company required by Section 321(b) of the Act. - business -Incorporated herein by reference to Exhibit 6 filed with Form T-1 Statement, Registration No. 333-157637-01.

Exhibit 7 –

    The latest report of condition of Deutsche Bank Trust Company Americas dated as of June 30, 2009. Copy attached.

Exhibit 8 –

    Not Applicable.

Exhibit 9 –

    Not Applicable.

 

- 3 -

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Deutsche Bank Trust Company Americas, 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 this 10th day of November 2009.

 

DEUTSCHE BANK TRUST COMPANY AMERICAS
By:   /s/ Irene Siegel
Name:   Irene Siegel
Title:   Vice President

 

- 4 -

DEUTSCHE BANK TRUST COMPANY AMERICAS

                 FFIEC 031                
Legal Title of Bank                 Page RC-1

JERSEY CITY

                 13
City                

NJ                                                                 07311-3901

                
State                                                             Zip Code                
FDIC Certificate Number: 00623                
Printed on 8/17/2009 at 3:14 PM                
               
               

Consolidated Report of Condition for Insured Commercial

and State-Chartered Savings Banks for June 30, 2009

                
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       RCFD     Tril       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     1,416,000       1.a
      b. Interest-bearing balances (2)                                                                                          0071     12,390,000       1.b
  2. Securities:          
      a. Held-to-maturity securities (from Schedule RC-B, column A)                                                    1754     0       2.a
      b. Available-for-sale securities (from Schedule RC-B, column D)                                                     1773     1,759,000       2.b
  3. Federal funds sold and securities purchased under agreements to resell:   RCON        
      a. Federal funds sold in domestic offices                                                                 B987     112,000       3.a
  RCFD        
       b. Securities purchased under agreements to resell (3)                                                     B989     1,008,000       3.b
  4. Loans and leases financing receivables (from Schedule RC-C):      
      a. Loans and leases, held for sale                                                         5369     0       4.a
      b. Loans and leases, net of unearned income                                   B528     13,634,000           4.b
      c. LESS: Allowance for loan and lease losses                                    3123     112,000           4.c
      d. Loans and leases, net of unearned income and allowance (Item 4.b minus 4.c)                        B529     13,522,000       4.d
  5. Trading assets (from Schedule RC-D)                                                             3545     5,934,000       5
  6. Premises and fixed assets (including capitalized leases)                                                             2145     51,000       6
  7. Other real estate owned (from Schedule RC-M)                                                                     2150     0       7
  8. Investments in unconsolidated subsidiaries and associated companies                                        2130     0       8
  9. Direct and indirect investments in real estate ventures                                                 3656     0       9
10. Intangible assets:      
      a. Goodwill                                                                                                  3163     0       10.a
      b. Other intangible assets (from Schedule RC-M)                                                         0426     58,000       10.b
11. Other assets (from Schedule RC-F)                                                                 2160     5,168,000       11
12. Total assets (sum of items 1 through 11)                                                     2170     41,418,000       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 in domestic and foreign offices, regardless of maturity.

 

DEUTSCHE BANK TRUST COMPANY AMERICAS

                 FFIEC 031
  Legal Title of Bank                 Page RC-2
  FDIC Certificate Number: 00623                 14
  Printed on 8/17/2009 at 3:14 PM                
Schedule RC—Continued                

Dollar Amounts in Thousands    

       Tril    Bil    Mil    Thou   

LIABILITIES

 

                  

13.

   Deposits:       RCON             
  a. In domestic offices (sum of totals of columns A and C from Schedule RC-E, part I)                                            2200    8,713,000      13.a
      (1) Noninterest-bearing (1)                                                                             6631    5,727,000                  13.a.1
      (2) Interest-bearing                                                                             6636    2,986,000                  13.a.2
  b. In foreign offices, Edge and Agreement subsidiaries, and IBFs   RCFN       
      (from Schedule RC-E, part II)                                                                                 2200    9,914,000      13.b
      (1) Noninterest-bearing                                                                             6631    4,222,000                  13.b.1
      (2) Interest-bearing                                                                             6636    5,692,000                  13.b.2

14.

   Federal funds purchased and securities sold under agreements to repurchase:       RCON             
  a. Federal funds purchased in domestic offices (2)                                                                             B993    8,714,000      14.a
        RCFD       
  b. Securities sold under agreements to repurchase (3)                                                                             B995    0      14.b

15.

   Trading liabilities (from Schedule RC-D)                                                                             3548    208,000      15

16.

   Other borrowed money (includes mortgage indebtedness and obligations              
  under capitalized leases) (from Schedule RC-M)                                                                             3190    2,685,000      16

17.

   and 18. Not applicable        

19.

   Subordinated notes and debentures (4)                                                                             3200    0      19

20.

   Other liabilities (from Schedule RC-G)                                                                             2930    2,097,000      20

21.

   Total liabilities (sum of items 13 through 20)                                                                             2948    32,331,000      21

22.

   Not applicable      
 

EQUITY CAPITAL

      
  Bank Equity Capital      

23.

   Perpetual preferred stock and related surplus                                                                             3838    1,500,000      23

24.

   Common stock                                                                             3230    2,127,000      24

25.

   Surplus (excludes all surplus related to preferred stock)                                                                             3839    592,000      25

26.

   a. Retained earnings                                                                             3632    4,428,000      26.a
  b. Accumulated other comprehensive income (5)                                                                            B530    (39,000)      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    8,608,000      27.a
  b. Noncontrolling (minority) interests in consolidated subsidiaries                                                                 3000    479,000      27.b

28.

   Total equity capital (sum of items 27.a and 27.b)                                                                         G105    9,087,000      28

29.

   Total liabilities and equity capital (sum of items 21 and 28)                                                                            3300    41,418,000      29

Memorandum

 

                

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   RDFD    Number  
  auditors as of any date during 2008                                                            6724    N/A     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 =  Director’s 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

To be reported with the March Report of Condition.     RCON    MM / DD  

2.

   Bank’s fiscal year-end date                                                                                                         8678    N/A     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 in domestic and foreign offices, 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, cumulative foreign currency translation adjustments, and minimum pension liability adjustments.
(6) Includes treasury stock and unearned Employee Stock Ownership Plan shares.