EX-25.1 66 a2031364zex-25_1.txt EX-25.1 Exhibit 25.1 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) ------------------------------------ UNITED STATES TRUST COMPANY OF NEW YORK (Exact name of trustee as specified in its charter) New York 13-3818954 (Jurisdiction of incorporation (I.R.S. employer if not a U.S. national bank) identification No.) 114 West 47th Street 10036-1532 New York, NY (Zip Code) (Address of principal executive offices) ------------------ MIDWEST GENERATION, LLC (Exact name of obligor as specified in its charter) Delaware 33-0868558 (State or other jurisdiction of (I.R.S. employer incorporation or organization) identification No.) One Financial Place 440 South LaSalle St., Suite 3500 Chicago, IL 60605 (Address of principal executive offices) (Zip Code) ------------------------------------ 8.30% Pass-Through Certificates, Series A, due 2009 8.56% Pass-Through Certificates, Series B, due 2016 (Title of the indenture securities) ----------------------------------------------------------------------- GENERAL 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. Federal Reserve Bank of New York (2nd District), New York, New York (Board of Governors of the Federal Reserve System) Federal Deposit Insurance Corporation, Washington, D.C. New York State Banking Department, Albany, New York (b) Whether it is authorized to exercise corporate trust powers. The trustee is authorized to exercise corporate trust powers. 2. AFFILIATIONS WITH THE OBLIGOR If the obligor is an affiliate of the trustee, describe each such affiliation. None 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14 and 15: Midwest Generation, LLC currently is not in default under any of its outstanding securities for which United States Trust Company of New York is Trustee. Accordingly, responses to Items 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14 and 15 of Form T-1 are not required under General Instruction B. 16. LIST OF EXHIBITS T-1.1 -- Organization Certificate, as amended, issued by the State of New York Banking Department to transact business as a Trust Company, is incorporated by reference to Exhibit T-1.1 to Form T-1 filed on September 15, 1995 with the Commission pursuant to the Trust Indenture Act of 1939, as amended by the Trust Indenture Reform Act of 1990 (Registration No. 33-97056). T-1.2 -- Included in Exhibit T-1.1. T-1.3 -- Included in Exhibit T-1.1. 2 16. LIST OF EXHIBITS (CONT'D) T-1.4 -- The By-Laws of United States Trust Company of New York, as amended, is incorporated by reference to Exhibit T-1.4 to Form T-1 filed on September 15, 1995 with the Commission pursuant to the Trust Indenture Act of 1939, as amended by the Trust Indenture Reform Act of 1990 (Registration No. 33- 97056). T-1.6 -- The consent of the trustee required by Section 321(b) of the Trust Indenture Act of 1939, as amended by the Trust Indenture Reform Act of 1990. T-1.7 -- A copy of the latest report of condition of the trustee pursuant to law or the requirements of its supervising or examining authority. NOTE As of December 31, 2000, the trustee had 2,999,029 shares of Common Stock outstanding, all of which are owned by its parent company, U.S. Trust Corporation. The term "trustee" in Item 2, refers to each of United States Trust Company of New York and its parent company, U. S. Trust Corporation. In answering Item 2 in this statement of eligibility as to matters peculiarly within the knowledge of the obligor or its directors, the trustee has relied upon information furnished to it by the obligor and will rely on information to be furnished by the obligor and the trustee disclaims responsibility for the accuracy or completeness of such information. ------------------------------------ Pursuant to the requirements of the Trust Indenture Act of 1939, the trustee, United States Trust Company of New York, 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 20th day of April, 2001. UNITED STATES TRUST COMPANY OF NEW YORK, Trustee By: /s/ Christopher J. Grell --------------------------- Christopher J. Grell Assistant Vice President 3 EXHIBIT T-1.6 The consent of the trustee required by Section 321(b) of the Act. United States Trust Company of New York 114 West 47th Street New York, NY 10036 April 20, 2001 Securities and Exchange Commission 450 5th Street, N.W. Washington, DC 20549 Gentlemen: Pursuant to the provisions of Section 321(b) of the Trust Indenture Act of 1939, as amended by the Trust Indenture Reform Act of 1990, and subject to the limitations set forth therein, United States Trust Company of New York ("U.S. Trust") hereby consents that reports of examinations of U.S. Trust by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon request therefor. Very truly yours, UNITED STATES TRUST COMPANY OF NEW YORK By: /s/ H. William Weber ---------------------------------------------- H. William Weber Vice President 4 EXHIBIT T-1.7 UNITED STATES TRUST COMPANY OF NEW YORK CONSOLIDATED STATEMENT OF CONDITION SEPTEMBER 30, 2000 ($ IN THOUSANDS) ASSETS Cash and Due from Banks $ 60,744 Short-Term Investments 61,956 Securities, Available for Sale 687,786 Loans 2,866,204 Less: Allowance for Credit Losses 17,858 ----------------- Net Loans 2,848,346 Premises and Equipment 65,105 Other Assets 264,387 ----------------- TOTAL ASSETS $ 3,988,324 ----------------- LIABILITIES Deposits: Non-Interest Bearing $ 635,939 Interest Bearing 2,338,442 ----------------- Total Deposits 2,974,381 Short-Term Credit Facilities 383,958 Accounts Payable and Accrued Liabilities 300,828 ----------------- TOTAL LIABILITIES $ 3,659,167 ----------------- STOCKHOLDER'S EQUITY Common Stock 14,995 Capital Surplus 208,551 Retained Earnings 123,254 Unrealized Loss on Securities Available for Sale (Net of Taxes) (17,643) ----------------- TOTAL STOCKHOLDER'S EQUITY 329,157 ----------------- TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $ 3,988,324 -----------------
I, Richard E. Brinkmann, Managing Director & Comptroller of the named bank do hereby declare that this Statement of Condition has been prepared in conformance with the instructions issued by the appropriate regulatory authority and is true to the best of my knowledge and belief. /s/ Richard E. Brinkmann --------------------------- Name: Richard E. Brinkmann Title: Managing Director & Comptroller April 16, 2001 5