EX-25.1 9 ex25-1.htm FORM T-1 STATE OF ELIGIBILITY
Exhibit 25.1
 

 
UNITED STATES
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 MELLON
TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)

___________________________

 
   
95-3571558
(Jurisdiction of incorporation
if not a U.S. national bank)
 
(I.R.S. Employer
Identification No.)
     
400 South Hope Street Suite 500 Los Angeles, California 90071
(Address of principal executive offices) (Zip code)
 
___________________________
 
PACIFIC GAS AND ELECTRIC COMPANY
(Exact name of obligor as specified in its charter)
 
California
 
94-0742640
(State or other jurisdiction of incorporation or organization)
 
(I.R.S. Employer
Identification No.)
     
     
77 Beale Street P.O. Box 770000 San Francisco, California 94177
(Address of principal executive offices) (Zip code)
 
___________________________
     
Floating Rate Senior Notes due November 28, 2018
3.30% Senior Notes due December 1, 2027
3.95% Senior Notes due December 1, 2047
(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
Comptroller of the Currency
United States Department of the Treasury
 
Washington, DC 20219
     
Federal Reserve Bank
 
San Francisco, CA 94105
     
Federal Deposit Insurance Corporation
 
Washington, DC 20429

 
(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 (the “Act”) and 17 C.F.R. 229.10(d).
 
 
1.
A copy of the articles of association of The Bank of New York Mellon Trust Company, N.A., formerly known as The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152875).
     
 
2.
A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).
     
 
3.
A copy of the authorization of the trustee to exercise corporate trust powers (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-152875).

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4.
A copy of the existing by-laws of the trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-162713).
     
 
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. 333-152875).
     
 
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.


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SIGNATURE

 
Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon Trust Company, N.A., a banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Chicago, and State of Illinois, on the 26th day of March, 2018.

  THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.  
       
 
By:
/s/  R. Tarnas  
    Name:    R. Tarnas  
    Title:      Vice President  
       
 
 
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EXHIBIT 7

Consolidated Report of Condition of
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
of 400 South Hope Street, Suite 500, Los Angeles, CA 90071

At the close of business December 31, 2017, published in accordance with Federal regulatory authority instructions.


 
Dollar amounts
in thousands
ASSETS
 
   
Cash and balances due from
 
depository institutions: 
 
Noninterest-bearing balances
 
and currency and coin
4,247
Interest-bearing balances
533,579
Securities:
 
Held-to-maturity securities
 0
Available-for-sale securities
542,018
Federal funds sold and securities
 
purchased under agreements to resell:
 
Federal funds sold
0
Securities purchased under agreements to resell
0
Loans and lease financing receivables:
 
Loans and leases held for sale
0
Loans and leases,
 
   held for investment
0
LESS: Allowance for loan and
 
   lease losses
0
Loans and leases held for investment,
 
net of allowance
0
Trading assets
0
Premises and fixed assets (including
 
capitalized leases)
10,756
Other real estate owned
0
Investments in unconsolidated
 
subsidiaries and associated
 
companies
0
Direct and indirect investments in real estate ventures
0
Intangible assets:
 
Goodwill
856,313
Other intangible assets
24,347
Other assets
121,741
Total assets
$                                                     2,093,001



LIABILITIES
 
   
Deposits:
 
      In domestic offices
602
Noninterest-bearing
602
Interest-bearing
0
      Not applicable
 
Federal funds purchased and securities
 
sold under agreements to repurchase:
 
Federal funds purchased
0
Securities sold under agreements to repurchase
0
Trading liabilities
0
Other borrowed money:
 
(includes mortgage indebtedness
 
and obligations under capitalized
 
leases)
0
Not applicable
 
Not applicable
 
Subordinated notes and debentures
0
Other liabilities
222,312
Total liabilities
222,914
Not applicable
 
   
EQUITY CAPITAL
 
   
Perpetual preferred stock and related surplus
0
Common stock
1,000
Surplus (exclude all surplus related to preferred stock)
1,123,124
Not available
 
Retained earnings
747,028
Accumulated other comprehensive income
 -1,065
Other equity capital components
0
Not available
 
Total bank equity capital
1,870,087
Noncontrolling (minority) interests in consolidated subsidiaries
0
Total equity capital
1,870,087
Total liabilities and equity capital
2,093,001


I, Matthew J. McNulty, CFO of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.

 
Matthew J. McNulty
)
CFO



We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date 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 instructions issued by the appropriate Federal regulatory authority and is true and correct.

 
Antonio I. Portuondo, President
)
 
 
William D. Lindelof, Director
)
Directors (Trustees)
 
Alphonse J. Briand, Director
)