EX-25 24 ex25-08.htm FORM T-1 Exhibit 25.08

Exhibit 25.08

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FORM T-1

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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 TRUST COMPANY, N.A.

(Exact name of trustee as specified in its charter)


(State 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)

___________________________

DELMARVA POWER & LIGHT COMPANY
(Exact name of obligor as specified in its charter)

Delaware & Virginia
(State or other jurisdiction of
incorporation or organization)

51-0084283
(I.R.S. employer
identification no.)


800 King Street, P.O. Box 231
Wilmington, Delaware
(Address of principal executive offices)



19899
(Zip code)

___________________________

Debt Securities
(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.

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Name

Address

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Comptroller of the Currency
United States Department of the Treasury



Washington, D.C. 20219

Federal Reserve Bank

San Francisco, California 94105

Federal Deposit Insurance Corporation

Washington, D.C. 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 Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948).

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. 333-121948).

4.     

A copy of the existing by-laws of the trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-121948).

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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. 333-121948).

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 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 Jacksonville, and State of Florida, on the 13th day of August, 2007.

 

THE BANK OF NEW YORK TRUST COMPANY, N.A.

 

By:  /S/ DEREK KETTEL               
Name:  DEREK KETTEL
Title:    VICE PRESIDENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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EXHIBIT 7

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

          At the close of business June 30, 2007, published in accordance with Federal regulatory authority instructions

ASSETS

   

Dollar Amounts
In Thousands

Cash and balances due from
          depository institutions:

     

          Noninterest-bearing balances
            and currency and coin

9,835

          Interest-bearing balances

0

Securities:

     

          Held-to-maturity securities.

42

          Available-for-sale securities.

114,959

Federal funds sold and securities
          purchased under agreements to resell:

     

          Federal funds sold

50,000

          Securities purchased under agreements to resell

89,000

Loans and lease financing receivables:

     

          Loans and leases held for sale

0

          Loans and leases,
            net of unearned income.

0

   

          LESS: Allowance for loan and
            lease losses.

0

   

          Loans and leases, net of unearned
            income and allowance.

0

Trading assets.

0

Premises and fixed assets (including
          capitalized leases).

12,013

Other real estate owned

0

Investments in unconsolidated
          subsidiaries and associated
          companies

0

Not applicable

     

Intangible assets:

     

          Goodwill

923,997

          Other Intangible Assets

262,780

Other assets

   142,822

Total assets.

$1,605,448

 

 

 

LIABILITIES

     

Deposits:

     

          In domestic offices

2,255

          Noninterest-bearing

2,255

 

          Interest-bearing

0

 

Not applicable

     

Federal funds purchased and securities
          sold under agreements to repurchase:

   

0

          Federal funds purchased

0

          Securities sold under agreements to repurchase.

0

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

143,691

Not applicable

     

Not applicable

     

Subordinated notes and debentures

0

Other liabilities

165,588

Total liabilities.

311,534

Minority interest in consolidated subsidiaries

0

EQUITY CAPITAL

 

Perpetual preferred stock and related surplus.

0

Common stock.

1,000

Surplus (exclude all surplus related to preferred stock)

1,121,520

Retained earnings.

171,493

Accumulated other comprehensive
          income

-99

Other equity capital components

0

Total equity capital.

1,293,914

Total liabilities, minority interest, and equity capital (sum of items 21, 22, and 28).

1,605,448

          I, Karen Bayz, Vice President 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     )          Vice President

 

          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.

 

        Michael K. Klugman, President        )
        Frank P. Sulzberger, MD                  )
        Michael F. McFadden, MD              )

Directors (Trustees)