EX-25 8 dex25.htm FORM T-1 STATEMENT OF ELIGIBILITY OF THE BANK OF NEW YORK TO ACT AS TRUSTEE Form T-1 Statement of Eligibility of The Bank of New York to act as Trustee

Exhibit 25

 


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

(Exact name of trustee as specified in its charter)

 

New York    13-5160382
(State of incorporation if not a national bank)    (I.R.S. employer identification no.)

 

One Wall Street, New York, N.Y. 10286

(Address of principal executive offices) (Zip code)

JERSEY CENTRAL POWER & LIGHT COMPANY

(Exact name of obligor as specified in its charter)

 

New Jersey    21-0485010
(State or other jurisdiction of incorporation or organization)    (I.R.S. employer identification No.)

c/o FirstEnergy Corp.

76 South Main Street

Akron, Ohio 44308

(Address of principal executive offices) (Zip code)

6.40% Senior Notes due 2036

(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 State of New York    2 Rector Street, 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 Corporation    Washington, D.C. 20429
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 living 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 lb 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 18th day of September, 2006.

 

THE BANK OF NEW YORK

By:

 

/s/ Louis P. Young

 

Louis P. Young

Vice President

 


EXHIBIT 7

Consolidated Report of Condition or

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. 2006, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.

 

ASSETS     
      
     Dollar Amounts
In Thousands

Cash and balances clue from depository institutions:

  

Noninterest-bearing balances and currency and coin

   3,372,000

Interest-bearing balances

   11,005,000
Securities:   

Held-to-maturity securities

   2,269,000

Available-for-sale securities

   23,124,000

Federal funds sold and securities purchased under agreements to resell Federal funds sold in domestic offices

   490,000

Securities purchased under agreements to resell

   252,000
Loans and lease financing receivables:   

Loans and leases held for sale

   0

Loans and leases, net of unearned income

   36,722,000

LESS: Allowance for loan and lease losses

   414,000

Loans and leases, net of unearned income and allowance

   36,308,000

Trading assets

   5,770,000

Premises and fixed assets (including capitalized leases)

   848,000

Other real estate owned

   0

Investments in unconsolidated subsidiaries and associated companies

   302,000

Not applicable Intangible assets:

  

Goodwill

   2,177.000

Other intangible assets

   750,000

Other assets

   7,196,000
    

Total assets

   9,863,000
    


LIABILITIES

  

Deposits:

  

In domestic offices

   40,014,000

Noninterest-bearing

   21,153,000

Interest-bearing

   18,861,000

In foreign offices, Edge and Agreement subsidiaries, and IBFs

   31,312,000

Noninterest-bearing

   286,000

Interest-bearing

   31,026,000

Federal funds purchased and securities sold under agreements to repurchase Federal funds purchased in domestic offices

   839,000

Securities sold under agreements to repurchase

   396,000

Trading liabilities

   3,045,000

Other borrowed money: (includes mortgage indebtedness and obligations under capitalized leases)

   1,670,000

Not applicable

  

Not applicable

  

Subordinated notes and debentures

   1,955,000

Other liabilities

   6,011,000
    

Total liabilities

   85,242,000
    

Minority interest in consolidated subsidiaries

   150,000

EQUITY CAPITAL

  

Perpetual preferred stock and related surplus

   0

Common stock

   1,135,000

Surplus (exclude all surplus related to preferred stock)

   2,112,000

Retained earnings

   5,444,000

Accumulated other comprehensive income

   -220,000

Other equity capital components

   0

Total equity capital

   8,471,000
    

Total liabilities, minority interest, and equity capital

   93,863,000
    

 

I, Thomas J. Mastro, Executive 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,

Executive 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