EX-25.(C) 12 a05-15623_1ex25dc.htm EX-25.(C)

Exhibit 25(c)

 

 

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

 

(I.R.S. employer

if not a national bank)

 

identification No.)

 

 

 

1111 Polaris Parkway

 

 

Columbus, Ohio

 

43271

(Address of principal executive offices)

 

(Zip Code)

 

Thomas F. Godfrey

Vice President and Assistant General Counsel

JPMorgan Chase Bank, National Association

1 Chase Manhattan Plaza, 25th Floor

New York, NY 10081

Tel:  (212) 552-2192

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

 

 

PACIFICORP

(Exact name of obligor as specified in its charter)

 

OREGON

 

93-0246090

(State or other jurisdiction of

 

(I.R.S. employer

incorporation or organization)

 

identification No.)

 

 

 

825  N.E.  Multnomah
Portland, OR

 

97232

(Address of principal executive offices)

 

(Zip Code)

 

 

First Mortgage Bonds

(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.

 

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.

 

2


 

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 31st day of August,  2005.

 

 

JPMORGAN CHASE BANK, N.A.

 

 

 

 

By

/s/

 James D. Heaney

 

 

 

 James D. Heaney

 

 

 Vice President

 

3


 

Exhibit 7 to Form T-1

 

Bank Call Notice

 

RESERVE DISTRICT NO. 2

CONSOLIDATED REPORT OF CONDITION OF

 

JPMorgan Chase Bank, N.A.

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, 2005, in

accordance with a call made by the Federal Reserve Bank of this

District pursuant to the provisions of the Federal Reserve Act.

 

 

 

Dollar Amounts

 

 

 

in Millions

 

ASSETS

 

 

 

Cash and balances due from depository institutions:

 

 

 

Noninterest-bearing balances and currency and coin

 

$

36,236

 

Interest-bearing balances

 

24,384

 

Securities:

 

 

 

Held to maturity securities

 

101

 

Available for sale securities

 

60,180

 

Federal funds sold and securities purchased under agreements to resell

 

 

 

Federal funds sold in domestic offices

 

39,536

 

Securities purchased under agreements to resell

 

133,265

 

Loans and lease financing receivables:

 

 

 

Loans and leases held for sale

 

21,045

 

Loans and leases, net of unearned income

 

$

341,550

 

Less: Allowance for loan and lease losses

 

5,313

 

Loans and leases, net of unearned income and allowance

 

339,000

 

Trading Assets

 

236,590

 

Premises and fixed assets (including capitalized leases)

 

8,425

 

Other real estate owned

 

142

 

Investments in unconsolidated subsidiaries and associated companies

 

840

 

Customers’ liability to this bank on acceptances outstanding

 

592

 

Intangible assets

 

 

 

Goodwill

 

23,365

 

Other Intangible assets

 

10,259

 

Other assets

 

49,089

 

TOTAL ASSETS

 

$

983,049

 

 

 

 

 

 

LIABILITIES

 

 

 

Deposits

 

 

 

In domestic offices

 

$

378,772

 

Noninterest-bearing

 

$

134,412

 

Interest-bearing

 

244,360

 

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

 

155,364

 

Noninterest-bearing

 

$

6,701

 

Interest-bearing

 

148,663

 

 

 

 

 

Federal funds purchased and securities sold under agree- ments to repurchase:

 

 

 

Federal funds purchased in domestic offices

 

8,918

 

Securities sold under agreements to repurchase

 

84,208

 

Trading liabilities

 

138,428

 

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

 

78,207

 

Bank’s liability on acceptances executed and outstanding

 

592

 

Subordinated notes and debentures

 

17,511

 

Other liabilities

 

38,035

 

TOTAL LIABILITIES

 

900,035

 

Minority Interest in consolidated subsidiaries

 

1,424

 

 

 

 

 

EQUITY CAPITAL

 

 

 

Perpetual preferred stock and related surplus

 

0

 

Common stock

 

1,785

 

Surplus (exclude all surplus related to preferred stock)

 

58,591

 

Retained earnings

 

21,936

 

Accumulated other comprehensive income

 

(722

)

Other equity capital components

 

0

 

TOTAL EQUITY CAPITAL

 

81,590

 

 

 

 

 

TOTAL LIABILITIES, MINORITY INTEREST, AND EQUITY CAPITAL

 

$

983,049

 

 


 

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.

)

 

JAMES DIMON

) DIRECTORS

 

MICHAEL J. CAVANAGH

)