EX-25.1 6 e46259ex25-1.htm FORM T-1

 

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)

 

Rick Barnes

U.S. Bank National Association

21 South Street, 3rd Floor

Morristown, New Jersey 07960

(973) 898-7161

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

 

Public Service Electric and Gas Company

(Issuer with respect to the Securities)

New Jersey 22-1212800
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)

 

80 Perk Plaza

Newark, New Jersey

 

07101

(Address of Principal Executive Offices) (Zip Code)

 

First and Refunding Mortgage Bonds

(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 3-15Items 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, attached as Exhibit 2.  

 

3. A copy of the certificate of authority of the Trustee to exercise corporate trust powers, attached as Exhibit 3.  

 

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, 2011 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.  
Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005. 
** Incorporated by reference to Exhibit 25.1 to registration statement on S-4, Registration Number 333-166527 filed on May 5, 2010. 
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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 Town of Morristown, State of New Jersey on the 15th of November, 2011.

 

By:    /s/ Rick Barnes________
  Rick Barnes
 

Vice President

 

 

 

 

 

 

3
 

Exhibit 2

4
 

 

 

Exhibit 3

 

5
 

 

 

 

 

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: November 15, 2011

 

 

By:    /s/ Rick Barnes_________
  Rick Barnes
  Vice President

 

 

 

 

 

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Exhibit 7

U.S. Bank National Association

Statement of Financial Condition

As of 9/30/2011

 

($000’s)

 

 

   9/30/2011  
Assets 
Cash and Balances Due From  $13,707,494 
          Depository Institutions    
Securities  66,888,393 
Federal Funds  5,954 
Loans & Lease Financing Receivables  197,036,739 
Fixed Assets  5,547,055 
Intangible Assets  12,420,133 
Other Assets  23,843,503 
Total Assets  $319,449,271 
     
Liabilities    
Deposits  $226,338,015 
Fed Funds  7,802,656 
Treasury Demand Notes  0 
Trading Liabilities  545,669 
Other Borrowed Money  35,170,032 
Acceptances  0 
Subordinated Notes and Debentures  6,179,246 
Other Liabilities  9,493,484 
Total Liabilities  $285,529,102 
     
Equity    
Minority Interest in Subsidiaries  $1,912,544 
Common and Preferred Stock  18,200 
Surplus  14,136,872 
Undivided Profits  17,852,553 
      Total Equity Capital  $33,920,169 
     
Total Liabilities and Equity Capital  $319,449,271 
     

 

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