EX-25.08 20 ex25-8.htm T1 DPL NOTE INDENTURE TRUSTEE t1-8.htm
                                                                                                                          Exhibit 25.08
 
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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)
Legal Department
The Bank of New York Mellon Trust Company, N.A.
One Wall Street, 15th Floor
New York, New York 10286
(212) 635-1270
(Name, address and telephone number of agent for service)
___________________________
 
DELMARVA POWER & LIGHT COMPANY
 
(Exact name of obligor as specified in its charter)
 
Delaware and 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.
 
Name
Address
Comptroller of the Currency
United States Department of the Treasury
 
Washington, District of Columbia 20219
Federal Reserve Bank
San Francisco, California 94105
 
Federal Deposit Insurance Corporation
 
Washington, District of Columbia 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 Pittsburgh, and State of Pennsylvania, on the 16th day of September, 2010.
 
 
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
 
 
By:  
 /S/   JAMES M. YOUNG
 
Name:    JAMES M. YOUNG
                                                    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 June 30, 2010, 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                                                                                                                     
3,097
          Interest-bearing balances                                                                                                                     
1,319
Securities:
 
          Held-to-maturity securities                                                                                                                     
12
          Available-for-sale securities                                                                                                                     
647,932
Federal funds sold and securities
          purchased under agreements to resell:
 
          Federal funds sold                                                                                                                     
112,000
          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         
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)                                                                                                                     
10,065
Other real estate owned                                                                                                                     
0
Investments in unconsolidated
          subsidiaries and associated
          companies                                                                                                                     
1
Direct and indirect investments in real estate ventures                                                                                                                     
0
Intangible assets:
 
          Goodwill                                                                                                                     
856,313
          Other intangible assets                                                                                                                     
230,506
Other assets                                                                                                                     
     161,731
Total assets                                                                                                                     
$2,022,976


 
 

 



LIABILITIES
 
   
Deposits:
 
          In domestic offices                                                                                                                   
559
               Noninterest-bearing                                                                                                                   559
 
               Interest-bearing                                                                                                                              0
 
          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
216,295
Total liabilities
485,545
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                                                                                                                   
412,936
          Accumulated other comprehensive income                                                                                                                   
1,975
Other equity capital components                                                                                                                   
0
Not available
 
          Total bank equity capital                                                                                                                   
1,537,431
          Noncontrolling (minority) interests in consolidated subsidiaries                                                                                                                   
0
Total equity capital                                                                                                                   
1,537,431
Total liabilities and equity capital                                                                                                                   
2,022,976

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                                        )