EX-25 8 l09554aexv25.txt EXHIBIT 25 FORM T-1 EXHIBIT 25 FORM T-1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 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 (Exact name of trustee as specified in its charter) NEW YORK 13-5160382 (State of incorporation (I.R.S. employer if not a national bank) identification no.) ONE WALL STREET, NEW YORK, N.Y. 10286 (Address of principal executive (Zip code) offices) JERSEY CENTRAL POWER & LIGHT COMPANY (Exact name of obligor as specified in its charter) NEW JERSEY 21-0485010 (State or other jurisdiction of (I.R.S. employer incorporation or organization) identification No.) C/O FIRSTENERGY CORP. 76 SOUTH MAIN STREET AKRON, OHIO (Address of principal executive 44308 offices) (Zip code) 5.625% Exchange Senior Notes due 2016 ------------------------------------- (Title of the indenture securities) 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 2 Rector Street, State of New York New York, N.Y. 10006, and Albany, N.Y. 12203 Federal Reserve Bank of New York 33 Liberty Plaza, New York, N.Y. 10045 Federal Deposit Insurance Washington, D.C. 20429 Corporation New York Clearing House Association New York, New York 10005
(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 AND RULE 24 OF THE COMMISSION'S RULES OF PRACTICE. 1. A copy of the Organization Certificate of The Bank of New York (formerly Irving Trust Company) as now in effect, which contains the authority to commence business and a grant of powers to exercise corporate trust powers. (Exhibit 1 to Amendment No.1 to Form T-1, filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed with Registration Statement No. 33-21672 and Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637.) 4. A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 33-31019.) 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. 33-44051.) 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. SIGNATURE Pursuant to the requirements of the Trust Indenture Act of 1939 the Trustee, The Bank 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 14th day of September, 2004. THE BANK OF NEW YORK By: /s/ PATRICIA GALLAGHER -------------------------------- Patricia Gallagher Vice President EXHIBIT 7 Consolidated Report of Condition of THE BANK OF NEW YORK of One Wall Street, New York, N.Y. 10286 And Foreign and Domestic Subsidiaries, a member of the Federal Reserve System, at the close of business June 30, 2004, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.
DOLLAR AMOUNTS IN THOUSANDS -------------- ASSETS Cash and balances due from depository institutions: Noninterest-bearing balances and currency and coin $ 2,954,963 Interest-bearing balances 10,036,895 Securities: Held-to-maturity securities 1,437,899 Available-for-sale securities 20,505,806 Federal funds sold and securities purchased under agreements to resell Federal funds sold in domestic offices 5,482,900 Securities purchased under agreements to resell 838,105 Loans and lease financing receivables: Loans and leases held for sale 48,034 Loans and leases, net of unearned income 38,299,913 LESS: Allowance for loan and lease losses 594,926 Loans and leases, net of unearned income and allowance 37,704,987 Trading Assets 2,986,727 Premises and fixed assets 957,249 (including capitalized leases) Other real estate owned 374 Investments in unconsolidated subsidiaries and associated companies 246,280 Customers' liability to this bank on acceptances outstanding 251,948 Intangible assets Goodwill 2,699,812 Other intangible assets 755,311 Other assets 7,629,093 ------------ Total assets $ 94,536,383 ============ LIABILITIES Deposits: In domestic offices $ 36,481,716
Noninterest-bearing 15,636,690 Interest-bearing 20,845,026 In foreign offices, Edge and Agreement subsidiaries, and IBFs 25,163,274 Noninterest-bearing 413,981 Interest-bearing 24,749,293 Federal funds purchased and securities sold under agreements to repurchase Federal funds purchased in domestic offices 898,340 Securities sold under agreements to repurchase 721,016 Trading liabilities 2,377,862 Other borrowed money: 10,475,320 (includes mortgage indebtedness and obligations under capitalized leases) Not applicable Bank's liability on acceptances executed and outstanding 254,569 Subordinated notes and debentures 2,422,807 Other liabilities 7,321,226 ------------ Total liabilities $ 86,116,130 ============ Minority interest in consolidated subsidiaries 139,967 EQUITY CAPITAL Perpetual preferred stock and related surplus 0 Common stock 1,135,284 Surplus 2,082,308 Retained earnings 5,118,989 Accumulated other comprehensive income (56,295 Other equity capital components 0 Total equity capital 8,280,286 ------------ Total liabilities, minority interest, and equity capital $ 94,536,383 ============
I, Thomas J. Mastro, Senior Vice President and Comptroller of the above-named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief. Thomas J. Mastro, Senior Vice President and Comptroller We, the undersigned directors, attest to the correctness of this statement of resources and liabilities. We 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 and is true and correct. Thomas A. Renyi Gerald L. Hassell } Directors Alan R. Griffith