EX-7.2 14 d624775dex72.htm EX-7.2 EX-7.2

Exhibit 7.2

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) [___]

COMPUTERSHARE TRUST COMPANY,

NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

 

National Banking Association   04-3401714

(Jurisdiction of incorporation or organization if not a

U.S. national bank)

  

(I.R.S. Employer Identification Number)

250 Royall Street, Canton, MA   02021
(Address of principal executive offices)   (Zip Code)

Rose Stroud, Trust Officer

8742 Lucent Boulevard, Suite 225

Highlands Ranch, CO 80129

(416) 263-9445

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

HYDRO ONE HOLDINGS LIMITED and

HYDRO ONE LIMITED

(Exact name of each obligor as specified in its charter)

 

Ontario, Canada   Not Applicable

(State or other jurisdiction of

incorporation or organization)

  

(I.R.S. Employer Identification Number)

483 Bay Street

South Tower, 8th Floor

Toronto, Ontario Canada

   M5G 2P5
(Address of principal executive offices)   (Zip Code)

Debt Securities

Guarantee of Debt Securities

(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.

  Comptroller of the Currency

  340 Madison Avenue, 4th Floor

  New York, NY 10017-2613

 

  (b)

Whether it is authorized to exercise corporate trust powers.

  The trustee is authorized to exercise corporate trust powers.

 

Item 2.

Affiliations with the obligor. If the obligor is an affiliate of the trustee, describe 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. (See Exhibit 1 to Form T-1 filed with Registration Statement No. 333-179383)

2.            A copy of the certificate of authority of the trustee to commence business. (See Exhibit 2 to Form T-1 filed with Registration Statement No. 333-179383)

3.            See exhibits 1 and 2.

4.            A copy of the existing bylaws of the trustee, as now in effect. (See Exhibit 4 to Form T-1 filed with Registration Statement No. 333-179383)

6.            The consent of the Trustee required by Section 321(b) of the Act.

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.

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939 the trustee, Computershare Trust Company, National Association, a national banking association, organized and existing under the laws of the United States, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Highlands Ranch, and State of Colorado, on the 15th day of November, 2018.

COMPUTERSHARE TRUST COMPANY,

NATIONAL ASSOCIATION

 

By:

  

/s/ Rose Stroud

Name:

  

Rose Stroud

Title:

  

Trust Officer

EXHIBIT 6

CONSENT OF THE TRUSTEE

Pursuant to the requirements of Section 321 (b) of the Trust Indenture Act of 1939, and in connection with the proposed issue of the debt securities of Hydro One Holdings Limited and Hydro One Limited, Computershare Trust Company, National Association hereby consents that reports of examinations by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon request therefore.

 

COMPUTERSHARE TRUST COMPANY,
NATIONAL ASSOCIATION

By: /s/ Rose Stroud

Name: Rose Stroud

Title:   Trust Officer

Highlands Ranch, Colorado

November 15, 2018

EXHIBIT 7

STATEMENT OF FINANCIAL CONDITION

EXHIBIT 7

 

 

Consolidated Report of Condition of

COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION

250 Royall Street, Canton, MA 02021

at the close of business June 30, 2018.

 

ASSETS

      Dollar Amounts In Thousands  

Cash and balances due from depository institutions:

   

Noninterest-bearing balances and currency and coin

      -0-  

Interest-bearing balances

      -0-  

Securities:

   

Held-to-maturity securities

      -0-  

Available-for-sale securities

      19,394  

Federal funds sold and securities purchased under agreements to resell:

   

Federal funds sold in domestic offices

      -0-  

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)

      -0-  

Other real estate owned

      -0-  

Investments in unconsolidated subsidiaries and associated companies

      -0-  

Direct and indirect investments in real estate ventures

      -0-  

Intangible assets:

   

Goodwill

      7,756  

Other intangible assets

      -0-  

Other assets

      763  
  

 

 

  

Total assets

              27,913  
  

 

 

  

LIABILITIES

   

Deposits:

   

In domestic offices

      -0-  

Noninterest-bearing

      -0-  

Interest-bearing

      -0-  

Federal funds purchased and securities sold under agreements to repurchase:

   

Federal funds purchased in domestic offices

      -0-  

Securities sold under agreements to repurchase

      -0-  

Trading liabilities

      -0-  

Other borrowed money:

   

(includes mortgage indebtedness and obligations under capitalized leases)

      -0-  

Not applicable

   

Not applicable

   

Subordinated notes and debentures

      -0-  

Other liabilities

   
     2,252  
  

 

 

  

Total liabilities

      2,252  
  

 

 

  

EQUITY CAPITAL

   

Perpetual preferred stock and related surplus

      0  

Common stock

      500  

Surplus (exclude all surplus related to preferred stock)

      18,894  

Retained earnings

      6267  

Accumulated other comprehensive income

      -0-  

Other equity capital components

      -0-  

Total bank equity capital

      25,661  

Noncontrolling (minority) interests in consolidated subsidiaries

      -0-  

Total equity capital

      25,661  
  

 

 

  

Total liabilities and equity capital

              27,913  
  

 

 

  

I, Robert G. Marshall, Assistant Controller 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.

 

                 LOGO

            Robert G. Marshall

            Assistant Controller