EX-25.1 5 dex251.htm FORM T-1 FORM T-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, NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

 

 

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

1111 Polaris Parkway

Columbus, Ohio

   43271
(Address of principal executive offices)   (Zip Code)

Pauline E. Higgins

Vice President and Assistant General Counsel

JPMorgan Chase Bank, National Association

707 Travis Street, 4th Floor North

Houston, Texas 77002

Tel: (713) 216-1436

(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)

 

Junior Subordinated Notes

(Title of the indenture securities)

 

 

GENERAL

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.

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

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.

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Item 16. List of Exhibits

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

1. A copy of the Articles of Association of JPMorgan Chase Bank, N.A. (see Exhibit 1 to Form T-1 filed in connection with Registration Statement No. 333-106575 which is incorporated by reference).

2. A copy of the Certificate of Authority of the Comptroller of the Currency for the trustee to commence business. (see Exhibit 2 to Form T-1 filed in connection with Registration Statement No. 333-106575 which is incorporated by reference).

3. None, the authority of the trustee to exercise corporate trust powers being contained in the documents described in 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. 333-106575 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 Form T-1 filed in connection with Registration Statement No. 333-106575 which is incorporated by reference).

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, N.A., 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 15th day of June, 2006.

JPMORGAN CHASE BANK, N.A.

By  /s/    L. O’Brien

        L. O’Brien

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Exhibit 7 to Form T-1

Bank Call Notice

RESERVE DISTRICT NO. 2

CONSOLIDATED REPORT OF CONDITION OF

JPMorgan Chase Bank, N.A.

of 1111 Polaris Parkway, Columbus, Ohio 43240

and Foreign and Domestic Subsidiaries,

a member of the Federal Reserve System,

at the close of business March 31, 2006, 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

       $ 35,771  

Interest-bearing balances

         11,008  

Securities:

      

Held to maturity securities

         72  

Available for sale securities

         55,459  

Federal funds sold and securities purchased under agreements to resell:

      

Federal funds sold in domestic offices

         17,813  

Securities purchased under agreements to resell

         228,565  

Loans and lease financing receivables:

      

Loans and leases held for sale

         32,025  

Loans and leases, net of unearned income

    $ 381,159   

Less: Allowance for loan and lease losses

      5,042   

Loans and leases, net of unearned income and allowance

         376,117  

Trading Assets

         246,732  

Premises and fixed assets (including capitalized leases)

         8,145  

Other real estate owned

         388  

Investments in unconsolidated subsidiaries and associated companies

         1,620  

Intangible assets:

      

Goodwill

         23,681  

Other Intangible assets

         11,704  

Other assets

         44,294  
           

TOTAL ASSETS

       $ 1,093,394  
           
LIABILITIES      

Deposits

      

In domestic offices

       $ 417,676  

Noninterest-bearing

    $ 134,430   

Interest-bearing

      283,246   

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

         163,635  

Noninterest-bearing

    $ 6,677   

Interest-bearing

      156,958   

Federal funds purchased and securities sold under agreements to repurchase:

      

Federal funds purchased in domestic offices

         9,221  

Securities sold under agreements to repurchase

         125,094  

Trading liabilities

         137,150  

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

         90,745  

Subordinated notes and debentures

         18,638  

Other liabilities

         41,884  

TOTAL LIABILITIES

         1,004,043  
           

Minority Interest in consolidated subsidiaries

         1,956  
EQUITY CAPITAL      

Perpetual preferred stock and related surplus

         0  

Common stock

         1,785  

Surplus (exclude all surplus related to preferred stock)

         59,450  

Retained earnings

         27,149  

Accumulated other comprehensive income

         (989 )

Other equity capital components

         0  

TOTAL EQUITY CAPITAL

         87,395  
           

TOTAL LIABILITIES, MINORITY INTEREST, AND EQUITY CAPITAL

         1,093,394  
           

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.

MICHAEL J. CAVANAGH         )

WILLIAM B. HARRISON, JR.    )    DIRECTORS

JAMES DIMON                            )