EX-25.1 8 file8.htm STATEMENT OF ELIGIBILITY OF TRUSTEE file8.htm


EXHIBIT 25.1
 
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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)
 
 
 
(Jurisdiction of incorporation
if not a U.S. national bank)
95-3571558
(I.R.S. employer
identification no.)
 
       
 
700 South Flower Street
Suite 500
Los Angeles, California
(Address of principal executive offices)
 
 
90017
(Zip code)
 

___________________________
 
PACIFICORP
(Exact name of obligor as specified in its charter)
 
 
Oregon
(State or other jurisdiction of
incorporation or organization)
93-0246090
(I.R.S. employer
identification no.)
 
 
 
825 NE Multnomah Street
Portland, Oregon
(Address of principal executive offices)
 
 
97232
(Zip code)
 
____________________________
 
 
First Mortgage Bonds
(Title of the indenture securities)
 
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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 Los Angeles, and State of California, on the 24th day of November, 2010.
 
 
THE BANK OF NEW YORK MELLON
 
 
TRUST COMPANY, N.A.
 
       
 
By:
/S/  ALEX BRIFFETT
 
 
Name:   JOHN A. (ALEX) BRIFFETT
 
 
Title:     SENIOR ASSOCIATE
 
 

  
 
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EXHIBIT 7
 
Consolidated Report of Condition of
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
of 700 South Flower Street, Suite 200, Los Angeles, CA 90017

 
At the close of business September 30, 2010, 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
   
$1,595
 
Interest-bearing balances
   
276
Securities:
     
 
Held-to-maturity securities
   
7
 
Available-for-sale securities
   
703,294
Federal funds sold and securities
     
 
purchased under agreements to resell:
     
 
Federal funds sold
   
76,500
 
Securities purchased under agreements to resell
   
0
Loans and lease financing receivables:
     
 
Loans and leases held for sale
   
0
 
Loans and leases,
     
 
     net of unearned income
 
 
 
LESS: Allowance for loan and
     
         
 
     lease losses
 
 
 
Loans and leases, net of unearned
     
 
     income and allowance
   
0
Trading assets
      0
Premises and fixed assets (including
   
 
 
capitalized leases)
   
9,503
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
   
223,370
Other assets
   
156,663
Total assets
   
$2,027,521
 
 

 
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LIABILITIES
     
           
Deposits:
     
 
In domestic offices
   
$500
   
Noninterest-bearing
500   
 
   
Interest-bearing
 
 
 
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)
   
268,691
Not applicable
     
Not applicable
     
Subordinated notes and debentures
   
0
Other liabilities
   
220,845
Total liabilities
   
490,036
Not applicable
     
           
EQUITY CAPITAL
     
           
Perpetual preferred stock and related surplus
   
0
Common stock
   
1,000
Surplus (exclude all surplus related to preferred stock)
   
1,121,520
Not available
     
 
Retained earnings
   
412,405
 
Accumulated other comprehensive income
   
2,560
Other equity capital components
   
0
Not available
     
 
Total bank equity capital
   
1,537,485
 
Noncontrolling (minority) interests in consolidated subsidiaries
   
0
Total equity capital
   
1,537,485
Total liabilities and equity capital
   
$2,027,521
 
 
I, Karen Bayz, Managing Director 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.
 
Karen Bayz                      )           Managing Director
 
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.
 
Troy Kilpatrick, President                                         )
Frank P. Sulzberger, MD                                           )           Directors (Trustees)
William D. Lindelof, MD                                           )


 
 
 
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