EX-25.01 12 a2051400zex-25_01.htm FORM T-1 Prepared by MERRILL CORPORATION
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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 CHASE MANHATTAN BANK
(Exact name of trustee as specified in its charter)

New York
(State of incorporation
if not a national bank)		 13-4994650
(I.R.S. employer
identification No.)

270 Park Avenue
New York, New York
(Address of principal executive offices)
10017
(Zip Code)

William H. McDavid
General Counsel
270 Park Avenue
New York, New York 10017
Tel: (212) 270-2611
(Name, address and telephone number of agent for service)

Southwestern Public Service Company
(Exact name of obligor as specified in its charter)

New Mexico
(State or other jurisdiction of
incorporation or organization)		 75-0575400
(I.R.S. employer
identification No.)

Tyler at Sixth Street
Amarillo, Texas
(Address of principal executive offices)
79101
(Zip Code)

Debt Securities
(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.

        New York State Banking Department, State House, Albany, New York 12110.

        Board of Governors of the Federal Reserve System, Washington, D.C., 20551

        Federal Reserve Bank of New York, District No. 2, 33 Liberty Street, New York, N.Y.

        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.

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

    None.

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 the Trustee as now in effect, including the Organization Certificate and the Certificates of Amendment dated February 17, 1969, August 31, 1977, December 31, 1980, September 9, 1982, February 28, 1985, December 2, 1991 and July 10, 1996 (see Exhibit 1 to Form T-1 filed in connection with Registration Statement No. 333-06249, which is incorporated by reference).

    2.  A copy of the Certificate of Authority of the Trustee to Commence Business (see Exhibit 2 to Form T-1 filed in connection with Registration Statement No. 33-50010, which is incorporated by reference. On July 14, 1996, in connection with the merger of Chemical Bank and The Chase Manhattan Bank (National Association), Chemical Bank, the surviving corporation, was renamed The Chase Manhattan Bank).

    3.  None, authorization to exercise corporate trust powers being contained in the documents identified above as 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. 333-06249, 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. 33-50010, which is incorporated by reference. On July 14, 1996, in connection with the merger of Chemical Bank and The Chase Manhattan Bank (National Association), Chemical Bank, the surviving corporation, was renamed The Chase Manhattan Bank).

    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, The Chase Manhattan Bank, a corporation organized and existing under the laws of the State of New York, 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 21st day of May, 2001.

    THE CHASE MANHATTAN BANK

 
 
By:
/s/ W.B. DODGE   
W.B. Dodge
 Vice President

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Exhibit 7 to Form T-1

    Bank Call Notice

RESERVE DISTRICT NO. 2
CONSOLIDATED REPORT OF CONDITION OF

The Chase Manhattan Bank
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 December 31, 2000, 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   $ 22,648
  Interest-bearing balances     6,608
Securities:      
Held to maturity securities     556
Available for sale securities     66,556
Federal funds sold and securities purchased under agreements to resell     35,508
Loans and lease financing receivables:      
  Loans and leases, net of unearned income   $ 158,034
  Less: Allowance for loan and lease losses     2,399
  Less: Allocated transfer risk reserve     0
  Loans and leases, net of unearned income, allowance, and reserve     155,635
Trading Assets     59,802
Premises and fixed assets (including capitalized leases)     4,398
Other real estate owned     20
Investments in unconsolidated subsidiaries and associated companies     338
Customers' liability to this bank on acceptances outstanding     367
Intangible assets     4,794
Other assets     19,886
   
TOTAL ASSETS   $ 377,116
   

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   Dollar Amounts
in Millions
  
LIABILITIES        
Deposits        
  In domestic offices   $ 132,165  
  Noninterest-bearing   $ 54,608  
  Interest-bearing     77,557  
  In foreign offices, Edge and Agreement subsidiaries and IBF's     106,670  
Noninterest-bearing   $ 6,059  
  Interest-bearing     100,611  
Federal funds purchased and securities sold under agreements to repurchase     45,967  
Demand notes issued to the U.S. Treasury     500  
Trading liabilities     41,384  
Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases):        
  With a remaining maturity of one year or less     6,722  
  With a remaining maturity of more than one year through three years     0  
  With a remaining maturity of more than three years     276  
Bank's liability on acceptances executed and outstanding     367  
Subordinated notes and debentures     6,349  
Other liabilities     14,515  
TOTAL LIABILITIES     354,915  

EQUITY CAPITAL
 
 
 
 
Perpetual preferred stock and related surplus     0  
Common stock     1,211  
Surplus (exclude all surplus related to preferred stock)     12,614  
Undivided profits and capital reserves     8,658  
Net unrealized holding gains (losses) on available-for-sale securities     (298 )
Accumulated net gains (losses) on cash flow hedges     0  
Cumulative foreign currency translation adjustments     16  
TOTAL EQUITY CAPITAL     22,201  
   
 
TOTAL LIABILITIES AND EQUITY CAPITAL   $ 377,116  
   
 
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 instructions issued by the appropriate Federal regulatory authority and is true and correct.
 
 

DOUGLAS A. WARNER III
)
 
WILLIAM B. HARRISON JR. ) DIRECTORS
ELLEN V. FUTTER )  

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GENERAL
SIGNATURE
Exhibit 7 to Form T-1