EX-25.1 8 dex251.htm EXHIBIT 25.1 Exhibit 25.1

Exhibit 25.1


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)

 


 

JPMORGAN CHASE BANK

(Exact name of trustee as specified in its charter)

 

New York

  13-4994650
(State of incorporation
if not a national bank)
  (I.R.S. employer
identification No.)

270 Park Avenue
New York, New York

(Address of principal executive offices)

 

10017

(Zip Code)

 

William H. McDavid

General Counsel

270 Park Avenue

New York, New York 10017

Tel: (212) 270-2611

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

 


 

Dominion Resources, Inc.

(Exact name of obligor as specified in its charter)

 

Virginia   54-1229715
(State or other jurisdiction of
incorporation or organization)
  (I.R.S. employer
identification No.)

120 Tredegar Street

Richmond, Virginia

  23219
(Address of principal executive offices)   (Zip Code)

 


2004 Series C 2.125% Convertible Senior Notes Due 2023

(Title of the indenture securities)

 



GENERAL

 

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.

 

New York State Banking Department, State House, Albany, New York 12110.

 

Board of Governors of the Federal Reserve System, Washington, D.C., 20551.

 

Federal Reserve Bank of New York, District No. 2, 33 Liberty Street, New York, N.Y.

 

Federal Deposit Insurance Corporation, Washington, D.C., 20429.

 

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

 

Yes.

 

Item  2.   Affiliations with the Obligor and Guarantors.

 

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

 

None.


Item 16.   List of Exhibits

 

List below all exhibits filed as a part of this Statement of Eligibility.

 

1. A copy of the Restated Organization Certificate of the Trustee dated March 25, 1997 and the Certificate of Amendment dated October 22, 2001 (see Exhibit 1 to Form T-1 filed in connection with Registration Statement No. 333-76894, which is incorporated by reference.)

 

2. A copy of the Certificate of Authority of the Trustee to Commence Business (see Exhibit 2 to Form T-1 filed in connection with Registration Statement No. 33-50010, which is incorporated by reference). On November 11, 2001 in connection with the merger of The Chase Manhattan Bank and Morgan Guaranty Trust Company of New York, the surviving corporation was renamed JPMorgan Chase Bank.

 

3. None, authorization to exercise corporate trust powers being contained in the documents identified above as Exhibits 1 and 2.

 

4. A copy of the existing By-Laws of the Trustee (see Exhibit 4 to Form T-1 filed in connection with Registration Statement No. 333-76894, which is incorporated by reference.)

 

5. Not applicable.

 

6. The consent of the Trustee required by Section 321(b) of the Act (see Exhibit 6 to this Form T-1).

 

7. A copy of the latest report of condition of the Trustee, published pursuant to law or the requirements of its supervising or examining authority.

 

8. Not applicable.

 

9. Not applicable.

 

SIGNATURE

 

Pursuant to the requirements of the Trust Indenture Act of 1939 the Trustee, JPMorgan Chase Bank, 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 8th day of November, 2004.

 

 

JPMORGAN CHASE BANK

By

  /s/Carol Ng
   

Carol Ng

Vice President

 


Exhibit 6 to Form T-1

 

THE CONSENT OF THE TRUSTEE REQUIRED

BY SECTION 321(b) OF THE ACT

 

November 8, 2004

 

Securities and Exchange Commission

Washington D.C. 20549

 

Ladies and Gentlemen:

 

In connection with the qualification of an Indenture between Dominion Resources, Inc. and JPMorgan Chase Bank, as Trustee, the undersigned, in accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, hereby consents that the reports of examinations of the undersigned, made by Federal or State authorities authorized to make such examinations, may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

 

Very truly yours,

 

JPMorgan Chase Bank

By

  /s/Carol Ng
    Carol Ng
Vice President


Exhibit 7 to Form T-1

 

Bank Call Notice

 

RESERVE DISTRICT NO. 2

CONSOLIDATED REPORT OF CONDITION OF

 

JPMorgan Chase Bank

of 270 Park Avenue, New York, New York 10017

and Foreign and Domestic Subsidiaries,

a member of the Federal Reserve System,

at the close of business March 31, 2004, 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 Millions


Cash and balances due from depository institutions:

               

Noninterest-bearing balances and currency and coin

            $ 19,589

Interest-bearing balances

              35,104

Securities:

               

Held to maturity securities

              156

Available for sale securities

              64,028

Federal funds sold and securities purchased under agreements to resell

               

Federal funds sold in domestic offices

              30,180

Securities purchased under agreements to resell

              74,963

Loans and lease financing receivables:

               

Loans and leases held for sale

              19,061

Loans and leases, net of unearned income

   $ 163,825         

Less: Allowance for loan and lease losses

     2,771         

Loans and leases, net of unearned income and allowance

              161,054

Trading Assets

              191,989

Premises and fixed assets (including capitalized leases)

              5,959

Other real estate owned

              118

Investments in unconsolidated subsidiaries and associated companies

              837

Customers’ liability to this bank on acceptances outstanding

              203

Intangible assets

               

Goodwill

              2,539

Other Intangible assets

              4,521

Other assets

              38,391

TOTAL ASSETS

            $ 648,692
             


LIABILITIES

               

Deposits

               

In domestic offices

            $ 210,211

Noninterest-bearing

   $ 80,262         

Interest-bearing

     129,949         

In foreign offices, Edge and Agreement subsidiaries and IBF’s

              120,623

Noninterest-bearing

   $ 7,920         

Interest-bearing

     112,703         
                 

Federal funds purchased and securities sold under agreements to repurchase:

               

Federal funds purchased in domestic offices

              6,480

Securities sold under agreements to repurchase

              102,641

Trading liabilities

              114,412

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

              20,692

Bank’s liability on acceptances executed and outstanding

              203

Subordinated notes and debentures

              8,039

Other liabilities

              26,877

TOTAL LIABILITIES

              610,178

Minority Interest in consolidated subsidiaries

              346

EQUITY CAPITAL

               

Perpetual preferred stock and related surplus

              0

Common stock

              1,785

Surplus (exclude all surplus related to preferred stock)

              16,318

Retained earnings

              20,049

Accumulated other comprehensive income

              16

Other equity capital components

              0

TOTAL EQUITY CAPITAL

              38,168
             

TOTAL LIABILITIES, MINORITY INTEREST, AND EQUITY CAPITAL

            $ 648,692
             

 

I, Joseph L. Sclafani, E.V.P. & Controller of the above-named

bank, do hereby declare that this Report of Condition has

been prepared in conformance with the instructions issued

by the appropriate Federal regulatory authority and is true

to the best of my knowledge and belief.

 

JOSEPH L. SCLAFANI

 

We, the undersigned directors, attest to the correctness

of this Report of Condition and declare that it has been

examined by us, and to the best of our knowledge and

belief has been prepared in conformance with the in-

structions issued by the appropriate Federal regulatory

authority and is true and correct.

 

WILLIAM B. HARRISON, JR.  )

ELLEN V. FUTTER                    ) DIRECTORS

FRANK A. BENNACK, JR.       )