EX-25 5 cmw701b.htm STATEMENT OF ELIGIBILITY

Exhibit 25

Securities Act of 1933 Registration No. 333-_______


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)



U.S. BANK NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)

31-0841368
I.R.S. Employer Identification No.

800 Nicollet Mall  
Minneapolis, Minnesota 55402
(Address of principal executive offices) (Zip Code)

Peter M. Brennan
U.S. Bank National Association
1555 N. River Center Drive Suite 301
Milwaukee, WI 53212
(414) 905-5003

(Name, address and telephone number of agent for service)


Wisconsin Public Services Corporation
(Exact name of obligor as specified in its charter)

Wisconsin 39-0715160
(State or other jurisdiction of incorporation or (I.R.S. Employer Identification No.)
organization)

700 North Adams Street, Green Bay WI
54307
(Address of Principal Executive Offices) (Zip Code)

Indenture Senior Debt Securities Dated as of December 1, 1998
(Title of the indenture securities)



FORM T-1

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.

  Comptroller of the Currency
Washington, D.C.

  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

Items 3-15 Items 3-15 are not applicable because to the best of the Trustee’s knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

Item 16. LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.

  1. A copy of the Articles of Association of the Trustee as now in effect.*

  2. A copy of the certificate of authority of the Trustee to commence business.*

  3. A copy of the certificate of authority of the Trustee to exercise corporate trust powers.*

  4. A copy of the existing bylaws of the Trustee.*

  5. A copy of each Indenture referred to in Item 4. Not applicable.

  6. The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

  7. Report of Condition of the Trustee as of December 31, 2003, published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

          *     A copy of each of these documents is on file with the Securities and Exchange Commission as an exhibit with corresponding exhibit numbers to the Form T-1 of Structured Obligations Corporation, filed pursuant to Section 305(b)(2) of the Trust Indenture Act of 1939, as amended, on November 16, 2001 Registration No. 333-67188), and is incorporated herein by Registration Number 333-67188.

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SIGNATURE

        Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national 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 Milwaukee, State of Wisconsin, on the 11 day of May, 2004.

U.S. BANK NATIONAL ASSOCIATION


 
By:  /s/ Peter M. Brennan
        Peter M. Brennan
          Vice President

By:  /s/ Michael K. Herberger
        Michael K. Herberger
        Assistant Vice President











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Exhibit 6

CONSENT

        In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

Dated: April 28, 2004

U.S. BANK NATIONAL ASSOCIATION


 
By:  /s/ Peter M. Brennan
        Peter M. Brennan
          Vice President

By:  /s/ Michael K. Herberger
        Michael K. Herberger
        Assistant Vice President











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Exhibit 7

U.S. Bank National Association
Statement of Financial Condition
As of 12/31/2003

($000‘s)

12/31/2003
Assets        
     Cash and Due From Depository Institutions   $ 8,631,361  
     Federal Reserve Stock    0  
     Securities    42,963,396  
     Federal Funds    2,585,353  
     Loans & Lease Financing Receivables    114,718,888  
     Fixed Assets    1,911,662  
     Intangible Assets    10,254,736  
     Other Assets    8,093,654  

         Total Assets   $ 189,159,050  

Liabilities
  
     Deposits   $ 128,249,183  
     Fed Funds    5,098,404  
     Treasury Demand Notes    3,585,132  
     Trading Liabilities    213,447  
     Other Borrowed Money    21,664,023  
     Acceptances    123,996  
     Subordinated Notes and Debentures    5,953,524  
     Other Liabilities    5,173,011  

     Total Liabilities   $ 170,060,720  

Equity
  
     Minority Interest in Subsidiaries   $ 1,002,595  
     Common and Preferred Stock    18,200  
     Surplus    11,677,397  
     Undivided Profits    6,400,138  

         Total Equity Capital   $ 19,098,330  

Total Liabilities and Equity Capital
   $ 189,159,050  


To the best of the undersigned’s determination, as of the date hereof, the above financial information is true and correct.

U.S. Bank National Association

By:  /s/ Peter M. Brennan
        Vice President

U.S. Bank National Association
Statement of Financial Condition

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