EX-25.B 9 a2103521zex-25_b.htm EX-25.B
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EXHIBIT 25.B

        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) ý

LASALLE BANK NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)

36-0884183
(I.R.S. Employer Identification No.)

135 South LaSalle Street, Chicago, Illinois 60603
(Address of principal executive offices) (Zip Code)

Willie J. Miller, Jr.
Group Senior Vice President
Chief Legal Officer and Secretary
Telephone: (312) 904-2018
135 South LaSalle Street, Suite 925
Chicago, Illinois 60603
(Name, address and telephone number of agent for service)

PSI ENERGY, INC.
(Exact name of obligor as specified in its charter)

Indiana
(State or other jurisdiction of
incorporation or organization)		   35-0594457
(I.R.S. Employer
Identification No.)

1000 East Main Street
Plainfield, Indiana
(Address of principal executive offices)
 

46168
(Zip Code)

First Mortgage Bonds
(Title of the indenture securities)

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.

    1.
    Comptroller of the Currency, Washington D.C.

    2.
    Federal Deposit Insurance Corporation, Washington, D.C.

    3.
    The Board of Governors of the Federal Reserve Systems, Washington, D.C.

    (b)
    Whether it is authorized to exercise corporate trust powers.

        Yes.

ITEM 2.    AFFILIATIONS WITH THE OBLIGOR.

If the obligor is an affiliate of the trustee, describe each such affiliation.

        Not Applicable

*
Pursuant to General Instruction B, the trustee has responded only to items 1, 2 and 16 of this form since to the best knowledge of the trustee the obligor is not in default under any indenture under which the trustee is a trustee.

ITEM 16.    LIST OF EXHIBITS.

List below all exhibits filed as part of this statement of eligibility and qualification.

    1.
    A copy of the Articles of Association of LaSalle Bank National Association now in effect. (incorporated herein by reference to Exhibit 1 filed with Form T-1 filed with the Current Report on Form 8-K, dated June 29, 2000, in File No. 333-61691).

    2.
    A copy of the certificate of authority to commence business (incorporated herein by reference to Exhibit 2 filed with Form T-1 filed with the Current Report on Form 8-K, dated June 29, 2000, in File No. 333-61691).

    3.
    A copy of the authorization to exercise corporate trust powers (incorporated herein by reference to Exhibit 3 filed with Form T-1 filed with the Current Report on Form 8-K, dated June 29, 2000, in File No. 333-61691).

    4.
    A copy of the existing By-Laws of LaSalle Bank National Association (incorporated herein by reference to Exhibit 4 filed with Form T-1 filed with the Current Report on Form 8-K, dated June 29, 2000, in File No. 333-61691).

    5.
    Not applicable.

    6.
    The consent of the trustee required by Section 321(b) of the Trust Indenture Act of 1939 (incorporated herein by reference to Exhibit 6 filed with Form T-1 filed with the Current Report on Form 8-K, dated June 29, 2000, in File No. 333-61691).

    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, LaSalle Bank National Association, a corporation 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, State of Illinois, on the 18th day of February, 2003.

    LASALLE BANK NATIONAL ASSOCIATION

 
 
By:
 
/s/  RUSSELL C. BERGMAN      
Russell C. Bergman
First Vice President
LaSalle Bank N.A.   Call Date: 12/31/2002   ST-BK: 17-1520   FFIEC     031
135 South LaSalle Street           Page   RC- 1  
Chicago, IL 60603   Vendor ID: D   CERT: 15407   11      

Transit Number: 71000505
 
 
 
 
 
 
 
 
 

Consolidated Report of Condition for Insured Commercial and
State-Chartered Savings Banks for December 31, 2002

All schedules are to be reported in thousands of dollars. Unless otherwise indicated, report the amount outstanding as of the last business day of the quarter.

Schedule RC - Balance Sheet
 
 
 
 
 
 
 
 
 
 
Dollar Amounts in Thousands
    
    
ASSETS                        
1.   Cash and balances due from depository institutions (from Schedule RC-A)   RCFD
                
    a. Noninterest-bearing balances and currency and coin(1)   0081   1,997,305   1.a        
    b. Interest-bearing balances(2)       0071   84,979   1.b        
2.   Securities:                            
    a. Held-to-maturity securities (from RC-B, column A)   1754   254,137   2.a        
    b. Available-for-sale securities (from Schedule RC-B,
column D)		   1773   19,462,115   2.b        
3.   Federal funds sold and securities purchased under agreements to resell                    
    a. Federal funds sold in domestic offices       B987   744,090   3.a        
    b. Securities purchased under agreements to resell(3)   B989   42,569   3.b        
4.   Loans and lease financing receivables (from Schedule RC-C)                    
    a. Loans and leases held for sale           5369   146,749   4.a        
    b. Loans and leases, net of unearned income   B528   32,549,443           4.b        
    c. LESS Allowance for loan and lease losses   3123   503,716           4.c        
    d. Loans and leases, net of unearned income,
allowance, and reserve (Item 4.a minus 4.b and 4.c)		   B529   32,045,727   4.d        
5.   Trading assets (from Schedule RC-D)   3545   260,873   5.        
6.   Premium and fixed assets (including capitalized leases)   2145   267,144   6.        
7.   Other real estate owned (from Schedule RC-M)   2150   18,934   7.        
8.   Investments in unconsolidated subsidiaries and associated
companies (from Schedule RC-M)		   2130   0   8.        
9.   Customer's liability to the bank on acceptances outstanding   2155   16,534   9.        
10.   Intangible assets (from Schedule RC-M)                    
    a. Goodwill           3163   181,613   10.a        
    b. Other intangible assets           0426   16,139   10.b        
11.   Other assets (from Schedule RC-F)           2160   1,902,857   11.        
12.   Total assets (sum of items 1 through 11)   2170   57,441,766   12.        
(1)
Includes cash items in process of collection and unposted debits.

(2)
Includes time certificates of deposit not held for trading.

(3)
Includes all securities resale agreements in domestic and foreign offices, regardless of maturity.
LaSalle Bank N.A.   Call Date: 12/31/2002   ST-BK: 17-1520   FFIEC     031
135 South LaSalle Street           Page   RC- 2  
Chicago, IL 60603   Vendor ID: D   CERT: 15407   12      

Transit Number: 71000505
 
 
 
 
 
 
 
 
 

Schedule RC - Continued
 
 
 
Dollar Amounts in Thousands
 
 

LIABILITIES

13.   Deposits:                    
                        RCON
            
    a.   In domestic offices (sum of totals of columns A and C from Schedule RC-E, part I)           2200   26,901,945   13.a    
                RCON
                    
        (1)   Noninterest-bearing(1)   6631   5,908,007           13.a.1    
        (2)   Interest-bearing   6636   20,993,938           13.a.2    
                        RCFN
            
    b.   In foreign offices, Edge and Agreement subsidiaries, and IBFs (from Schedule RC-E, part II)   2200   5,442,226   13.b    
                RCFN
                    
        (1)   Noninterest-bearing   6631   0           13.b.1    
        (2)   Interest-bearing   6636   5,442,226           13.b.2    
                        RCON
            
14.   Federal funds purchased and securities sold under agreements to repurchase:                
    a.   Federal funds purchased in domestic offices(2)   B993   2,175,322   14.a    
                        RCFD
            
    b.   Securities sold under agreements to repurchase(3)   B995   2,472,705   14.b    
15.   Trading liabilities (from Schedule RC-D)   3548   190,176   15    
16.   Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases): From schedule RC-M   3190   10,076,981   16    
17.   Not applicable.                    
18.   Bank's liability on acceptances executed and outstanding   2920   16,534   18.    
19.   Subordinated notes and debentures(4)   3200   610,000   19.    
20.   Other liabilities (from Schedule RC-G)   2930   5,068,671   20.    
21.   Total liabilities (sum of items 13 through 20)   2948   52,954,560   21.    
22.   Minority Interest in consolidated subsidiaries   3000   28,646   22.    

EQUITY CAPITAL
 
 
 
 
 
 
 
 
                        RCFD
            
23.   Perpetual preferred stock and related surplus   3838   635,410   23.    
24.   Common stock   3230   41,234   24.    
25.   Surplus (exclude all surplus related to preferred stock)   3839   1,917,163   25.    
26.   a.   Retained Earnings       3632   1,805,682   26.a    
    b.   Accumulated Other Comprehensive income.(5)       B530   59,071   26.b    
27.   Other Equity capital components(6)   3284   0   27.    
28.   Total equity capital (sum of items 23 through 27)   3210   4,458,560   28.    
29.   Total liabilities, minority interest, and equity capital (sum of items 21, 22, and 28)   3300   57,441,766   29.    

Memorandum
 
 
 
 
 
 
 
 
 
 

To be reported only with the March Report of Condition.
 
 
 
 
 
 
 
 
 
 
1.   Indicate in the box at the right the number of the statement below that best describes the most comprehensive level of auditing work performed for the bank by independent external auditors as of any date during 2001   RCFD
6724		   Number
N/A		   M.1    
1 = Independent audit of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the bank
2 = Independent audit of the bank's parent holding company conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the consolidated holding company (but not on the bank separately)
3 = Attestation on bank managements assertion on the effectiveness of the banks internal control over financial reporting by a certified public accounting firm.
4 = Directors' examination of the bank conducted in accordance with generally accepted auditing standards by a certified accounting firm. (may be required by state chartering authority)
5 = Directors' examination of the bank performed by other external auditors (may be required by state chartering authority)
6 = Review of the bank's financial statements by external auditors
7 = Compilation of the bank's financial statements by auditors external auditors
8 = Other audit procedures (excluding tax preparation work)
9 = No external audit work
(1)
Includes total demand deposits and noninterest-bearing time and savings deposits.

(2)
Report overnight Federal Home Loan Bank advances in Schedule RC, item 16 "other borrowed money."

(3)
Includes all securities repurchased agreements in domestic and foreign offices, regardless of maturity.

(4)
Includes limited-life preferred stock and related surplus.

(5)
Includes net unrealized holding gains(losses) on available for sale securities, accumulated net gains (losses) on cash flow hedges, cumulative foreign currency translation adjustments, and minimum pension liability adjustments.

(6)
Includes treasury stock and unearned Employee Stock Ownership plan shares.


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