EX-25.1 10 c81897s4exv25w1.htm EX-25.1 FORM T-1 STATEMENT OF ELIGIBILITY exv25w1
 

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)


U.S. BANK NATIONAL ASSOCIATION

(Exact name of Trustee as specified in its charter)

31-0841368
I.R.S. Employer Identification No.

     
800 Nicollet Mall    
Minneapolis, Minnesota   55402

 
(Address of principal executive offices)   (Zip Code)

Frank Leslie
U.S. Bank National Association
60 Livingston Avenue
St. Paul, MN 55107
(651) 495-3913
(Name, address and telephone number of agent for service)

Northern States Power Company
(Issuer with respect to the Securities)

     
Wisconsin   39-0508315

 
(State or other jurisdiction of incorporation or organization)   (I.R.S. Employer Identification No.)
     
1414 West Hamilton Avenue
Eau Claire, Wisconsin
   54701

 
(Address of Principal Executive Offices)   (Zip Code)

5.25% First Mortgage Bonds, Series B, due 2018
(Title of the Indenture Securities)



 


 

FORM T-1

     
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.

    Comptroller of the Currency
Washington, D.C.

  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

     
Items 3-15   Items 3-15 are not applicable because to the best of the Trustee’s knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee
     
Item 16.   LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification

  1.   A copy of the Articles of Association of the Trustee.*

  2.   A copy of the certificate of authority of the Trustee to commence business.*

  3.   A copy of the certificate of authority of the Trustee to exercise corporate trust powers.*

  4.   A copy of the existing bylaws of the Trustee.*

  5.   A copy of each Indenture referred to in Item 4. Not applicable.

  6.   The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

  7.   Report of Condition of the Trustee as of September 30, 2003, published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.


*   Incorporated by reference to Registration Number 333-67188.

 


 

NOTE

     The answers to this statement insofar as such answers relate to what persons have been underwriters for any securities of the obligors within three years prior to the date of filing this statement, or what persons are owners of 10% or more of the voting securities of the obligors, or affiliates, are based upon information furnished to the Trustee by the obligors. While the Trustee has no reason to doubt the accuracy of any such information, it cannot accept any responsibility therefor.

SIGNATURE

     Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of St. Paul, State of Minnesota on the 24th day of December, 2003.

         
    U.S. BANK NATIONAL ASSOCIATION
         
         
    By:   /s/ Frank P. Leslie III
Frank P. Leslie III
Vice President
     
By:   /s/ Richard H. Prokosch
Richard H. Prokosch
Vice President

 


 

Exhibit 6

CONSENT

     In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

Dated: December 24, 2003

         
    U.S. BANK NATIONAL ASSOCIATION
         
         
    By:   /s/ Frank P. Leslie III
Frank P. Leslie III
Vice President
     
By:   /s/ Richard H. Prokosch
Richard H. Prokosch
Vice President

 


 

EXHIBIT 7

U.S. Bank National Association
Statement of Financial Condition
As of 9/30/2003

($000’s)

             
        9/30/2003
       
Assets
       
 
Cash and Due From Depository Institutions
  $ 9,363,408  
 
Federal Reserve Stock
    0  
 
Securities
    34,719,100  
 
Federal Funds
    2,322,794  
 
Loans & Lease Financing Receivables
    118,943,010  
 
Fixed Assets
    1,915,381  
 
Intangible Assets
    9,648,952  
 
Other Assets
    9,551,844  
 
 
   
 
   
Total Assets
  $ 186,464,489  
Liabilities
       
 
Deposits
  $ 122,910,311  
 
Fed Funds
    6,285,092  
 
Treasury Demand Notes
    3,226,368  
 
Trading Liabilities
    246,528  
 
Other Borrowed Money
    21,879,472  
 
Acceptances
    145,666  
 
Subordinated Notes and Debentures
    6,148,678  
 
Other Liabilities
    5,383,119  
 
 
   
 
 
Total Liabilities
  $ 166,225,234  
Equity
       
 
Minority Interest in Subsidiaries
  $ 1,003,166  
 
Common and Preferred Stock
    18,200  
 
Surplus
    11,676,398  
 
Undivided Profits
    7,541,491  
 
 
   
 
   
Total Equity Capital
  $ 20,239,255  
Total Liabilities and Equity Capital
  $ 186,464,489  

To the best of the undersigned’s determination, as of the date hereof, the above financial information is true and correct.

U.S. Bank National Association

     
By:   /s/ Frank P. Leslie III
Vice President

Date: December 24, 2003