EX-25.1 5 dpandl-exhibit251tx1bn.htm EXHIBIT 25.1 Exhibit
Exhibit 25.1

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
(Exact name of trustee as specified in its charter)

New York
(Jurisdiction of incorporation
if not a U.S. national bank)
13-5160382
(I.R.S. Employer
Identification No.)
240 Greenwich Street
New York, New York
(Address of principal executive offices)

10286
(Zip code)

Legal Department
The Bank of New York Mellon
240 Greenwich Street
New York, NY 10286
(212) 635-1270
(Name, address and telephone number of agent for service)

The Dayton Power and Light Company
(Exact name of obligor as specified in its charter)

Ohio
(State or other jurisdiction
of incorporation or organization)
31-0258470
(I.R.S. Employer
Identification No.)
1065 Woodman Drive
Dayton, Ohio
(Address of principal executive offices)

45432
(Zip code)
_________________

First Mortgage Bonds, 3.95% Series due 2049
(Title of the indenture securities)




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.

Superintendent of Banks of the    One State Street, New York, N.Y. 10004-1417
State of New York
and Albany, N.Y. 12203
Federal Reserve Bank of New York    33 Liberty Plaza, New York, N.Y. 10045
Federal Deposit Insurance Corporation    550 17th Street, N.W., Washington, D.C. 20429
New York Clearing House Association    New York, N.Y. 10005

(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.

Item 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 Organization Certificate of The Bank of New York Mellon (formerly The Bank of New York (formerly Irving Trust Company)) as now in effect, which contains the authority to commence business and a grant of powers to exercise corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1 filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed with Registration Statement No. 33-21672, Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637, Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121195 and Exhibit 1 to Form T-1 filed as Exhibit 25.1 to Current Report on Form 8-K of Nevada Power Company, Date of Report (Date of Earliest Event Reported) July 25, 2008 (File No. 000-52378).)

4.
-    A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1 with Registration Statement No. 333-155238.)

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. 333-152856.)





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.




SIGNATURE

Pursuant to the requirements of the Act, the Trustee, The Bank of New York Mellon, 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 8th day of November, 2019.


THE BANK OF NEW YORK MELLON



By:    /s/ Francine Kincaid    
Name: Francine Kincaid
    Title: Vice President








Consolidated Report of Condition of
THE BANK OF NEW YORK MELLON
of 240 Greenwich Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,

a member of the Federal Reserve System, at the close of business June 30, 2019, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.
ASSETS
Dollar amounts in thousands
Cash and balances due from depository institutions:
 
Noninterest-bearing balances and currency and coin
$
4,814,000

Interest-bearing balances
84,689,000

Securities:
 
Held-to-maturity securities
34,540,000

Available-for-sale securities
83,638,000

Equity securities with readily determinable fair values not held for trading
41,000

Federal funds sold and securities purchased under agreements to resell:
 
Federal funds sold in domestic offices
0

Securities purchased under agreements to resell
47,936,000

Loans and lease financing receivables:
 
Loans and leases held for sale
0

Loans and leases held for investment
23,952,000

LESS: Allowance for loan and lease losses
120,000

Loans and leases held for investment, net of allowance
23,832,000

Trading assets
3,898,000

Premises and fixed assets (including capitalized leases)
2,469,000

Other real estate owned
2,000

Investments in unconsolidated subsidiaries and associated companies
1,772,000

Direct and indirect investments in real estate ventures
0

Intangible assets:
7,052,000

Other assets
15,465,000

Total assets
$
310,148,000

 
 




LIABILITIES
 
Deposits:
 
In domestic offices
$
140,976,000

Noninterest-bearing
53,754,000

Interest-bearing
87,222,000

In foreign offices, Edge and Agreement subsidiaries, and IBFs
117,370,000

Noninterest-bearing
5,915,000

Interest-bearing
111,455,000

Federal funds purchased and securities sold under agreements to repurchase:
 
Federal funds purchased in domestic offices
3,311,000

Securities sold under agreements to repurchase
962,000

Trading liabilities
2,366,000

Other borrowed money: (includes mortgage indebtedness and obligations under capitalized leases)
12,531,000

Not applicable
 
Not applicable
 
Subordinated notes and debentures
0

Other liabilities
6,626,000

Total liabilities
284,142,000

 
 
EQUITY CAPITAL
 
Perpetual preferred stock and related surplus
0

Common stock
1,135,000

Surplus (exclude all surplus related to preferred stock)
11,080,000

Retained earnings
15,154,000

Accumulated other comprehensive income
(1,363,000
)
Other equity capital components
0

Total bank equity capital
26,006,000

Noncontrolling (minority) interests in consolidated subsidiaries
0

Total equity capital
26,006,000

Total liabilities and equity capital
$
310,148,000





I, Michael Santomassimo, Chief Financial Officer of the above-named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief.
Michael Santomassimo
Chief Financial Officer
We, the undersigned directors, attest to the correctness of this statement of resources and liabilities. We 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 and is true and correct.
Charles W. Scharf
Samuel C. Scott
Joseph J. Echevarria
Directors