EX-25.5 28 g09787exv25w5.htm EXHIBIT 25.5 Exhibit 25.5
 

Exhibit 25.5
 
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) o
LASALLE BANK NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)
36-0884183
(I.R.S. Employer
Identification No.)
135 South LaSalle Street, Chicago, Illinois 60603
(Address of principal executive offices) (Zip Code)
 
Guy Rounsaville
Executive Vice President
General Counsel
Telephone: (312) 904-5469
135 South LaSalle Street, Suite 925
Chicago, Illinois 60603
(Name, address and telephone number of agent for service)
 

Duke Energy Indiana, Inc.
(Exact name of obligor as specified in its charter)
     
Indiana
(State or other jurisdiction of
incorporation or organization) 		  35-0594457
(I.R.S. Employer
Identification No.)
     
1000 East Main Street
Plainfield, Indiana 		 
46168
(Address of principal executive offices)   (Zip Code)
 
Unsecured Debt Securities First Mortgage Bonds
(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.
  1.  
Comptroller of the Currency, Washington D.C.
 
  2.  
Federal Deposit Insurance Corporation, Washington, D.C.
 
  3.  
The Board of Governors of the Federal Reserve Systems, Washington, D.C.
  (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.
Not Applicable
 
*  
Pursuant to General Instruction B, the trustee has responded only to items 1, 2 and 16 of this form since to the best knowledge of the trustee the obligor is not in default under any indenture under which the trustee is a trustee.

 

 

ITEM 16. LIST OF EXHIBITS.
List below all exhibits filed as part of this statement of eligibility and qualification.
  1.  
A copy of the Articles of Association of LaSalle Bank National Association now in effect. (incorporated herein by reference to Exhibit 1 to Form T-1 filed as Exhibit 25 to Form S-3, dated June 28, 2006, in File No. 333-135417).
 
  2.  
A copy of the certificate of authority to commence business (incorporated herein by reference to Exhibit 2 filed with Form T-1 filed with the Current Report on Form 8-K, dated June 29, 2000, in File No. 333-61691).
 
  3.  
A copy of the authorization to exercise corporate trust powers (incorporated herein by reference to Exhibit 3 filed with Form T-1 filed with the Current Report on Form 8-K, dated June 29, 2000, in File No. 333-61691).
 
  4.  
A copy of the existing By-Laws of LaSalle Bank National Association (incorporated herein by reference to Exhibit 4 filed with Form T-1 filed as Exhibit 25 to Form S-3, dated June 28, 2006, in File No. 333-135417).
 
  5.  
Not applicable.
 
  6.  
The consent of the trustee required by Section 321(b) of the Trust Indenture Act of 1939 (incorporated herein by reference to Exhibit 6 filed with Form T-1 filed with the Current Report on Form 8-K, dated June 29, 2000, in File No. 333-61691).
 
  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, LaSalle Bank National Association, a corporation 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 Chicago, State of Illinois, on the ___ day of September, 2007.
           
 
LASALLE BANK NATIONAL ASSOCIATION
 
  
    By:   /s/    
      Name:   Thomas Popovics   
      Title:   Assistant Vice President   

 

 

         
                     
LaSalle Bank N.A.
   Call Date: 6/30/2007   ST-BK: 17-1520   FFIEC       031
135 South LaSalle Street
           Page   RC-1    
Chicago, IL 60603
   Vendor ID: D   CERT: 15407       11        
Transit Number: 71000505
Consolidated Report of Condition for Insured Commercial and
State-Chartered Savings Banks for June 30, 2007
All schedules are to be reported in thousands of dollars. Unless otherwise indicated,
report the amount outstanding as of the last business day of the quarter.
Schedule RC — Balance Sheet
                                                 
                            Dollar Amounts in Thousands
ASSETS  
 
                                        
  1.    
Cash and balances due from depository institutions (from Schedule RC-A):
                   RCFD                
       
a. Noninterest-bearing balances and currency and coin (1)
                 0081       1,861,429       1.a  
       
b. Interest-bearing balances (2)
                     0071       9,899       1.b  
  2.    
Securities:
                                        
       
a. Held-to-maturity securities (from Schedule RC-B, column A)
                     1754       44,218       2.a  
       
b. Available-for-sale securities (from Schedule RC-B, column D)
                     1773       19,916,324       2.b  
  3.    
Federal funds sold and securities purchased under agreements to resell
                                        
       
a. Federal funds sold in domestic offices
                     B987       321,385       3.a  
       
b. Securities purchased under agreements to resell (3)
                     B989       97,566       3.b  
  4.    
Loans and lease financing receivables (from schedule RC-C)
                                        
       
a. Loans and leases held for sale
                     5369       4,621,026       4.a  
       
b. Loans and leases, net of unearned income
     B528       43,873,399                          
       
c. LESS: Allowance for loan and lease losses
     3123       692,080                       4.c  
       
d. Loans and leases, net of unearned income, allowance, and reserve (item 4.a minus 4.b and 4.c)
                     B529       43,181,319       4.d  
  5.    
Trading assets (from Schedule RC-D)
                     3545       1,907,702       5.  
  6.    
Premises and fixed assets (including capitalized leases)
                     2145       232,015       6.  
  7.    
Other real estate owned (from Schedule RC-M)
                     2150       11,299       7.  
  8.    
Investments in unconsolidated subsidiaries and associated companies (from Schedule RC-M)
                     2130       0       8.  
  9.    
Not applicable
                                        
  10.    
Intangible assets (from Schedule RC-M)
                                        
       
a. Goodwill
                     3163       165,070       10.a  
       
b. Other Intangible assets
                     0426       0       10.b  
  11.    
Other assets (from Schedule RC-F)
                     2160       4,692,661       11.  
  12.    
Total assets (sum of items 1 through 11)
                     2170       77,061,913       12.  
 
(1)  
Includes cash items in process of collection and unposted debits.
 
(2)  
Includes time certificates of deposit not held for trading.
 
(3)  
Includes all securities resale agreements in domestic and foreign offices, regardless of maturity.

 

 

                     
LaSalle Bank N.A.
   Call Date: 6/30/2007   ST-BK: 17-1520   FFIEC       031
135 South LaSalle Street
           Page   RC-2    
Chicago, IL 60603
   Vendor ID: D   CERT: 15407       12        
Transit Number: 71000505
Schedule RC — Continued
                                                 
                              Dollar Amounts in Thousands
LIABILITIES  
 
                                        
  13.    
Deposits:
                                        
       
a. In domestic offices (sum of totals of
                   RCON                
       
columns A and C from Schedule RC-E, part I)
               2200       34,653,021       13.a  
       
 
   RCON                                
       
(1) Noninterest-bearing (1)
     6631       6,567,454                       13.a.1  
       
(2) Interest-bearing
     6636       28,085,567                       13.a.2  
       
 
                   RCFN                
       
b. In foreign offices, Edge and Agreement subsidiaries, and IBFs (from Schedule RC-E, part II)
                     2200       9,196,734       13.b  
       
 
   RCFN                                
       
(1) Noninterest-bearing
     6631       0                       13.b.1  
       
(2) Interest-bearing
     6636       9,196,734                       13.b.2  
       
 
                   RCON                
  14.    
Federal funds purchased and securities sold under agreements to repurchase:
                                  
       
a. Federal funds purchased in domestic offices (2)
               B993       8,099,997       14.a  
       
 
                   RCFD                
       
b. Securities sold under agreements to repurchase (3)
               B995       1,943,153       14.b  
  15.    
Trading liabilities (from Schedule RC-D)
                     3548       353,444       15  
 
  16.    
Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases): From schedule RC-M
         3190       10,779,305       16  
 
  17.    
Not applicable
                                        
  18.    
Not applicable
                                        
  19.    
Subordinated notes and debentures (4)
                     3200       540,000       19.  
  20.    
Other liabilities (from Schedule RC-G)
                     2930       4,359,536       20.  
  21.    
Total liabilities (sum of items 13 through 20)
                     2948       69,925,190       21.  
  22.    
Minority Interest in consolidated subsidiaries
                     3000       60,689       22.  
       
 
                                        
EQUITY CAPITAL                                        
       
 
                   RCFD                
  23.    
Perpetual preferred stock and related surplus
                     3838       500,000       23.  
  24.    
Common stock
                     3230       41,234       24.  
  25.    
Surplus (exclude all surplus related to preferred stock)
                     3839       2,010,375       25.  
  26.    
a. Retained Earnings
                     3632       4,425,931       26.a  
       
b. Accumulated Other Comprehensive income.(5)
               B530       98,494       26.b  
  27.    
Other Equity capital components (6)
                     3284       0       27.  
  28.    
Total equity capital (sum of items 23 through 27)
               3210       7,076,034       28.  
  29.    
Total liabilities, minority interest, and equity capital (sum of items 21, 22, and 28)
             3300       77,061,913       29.  
       
 
                                        
Memorandum                                        
To be reported only with the March Report of Condition.                                        
  1.    
Indicate in the box at the right the number of the statement below that best describes the most comprehensive level of auditing work performed for the bank by independent external auditors as of any date during 2001
                 RCFD
6724		       Number
N/A		       M.1  
     
1 =
  Independent audit of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the bank
 
    
2 =
  Independent audit of the bank’s parent holding company conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the consolidated holding company (but not on the bank separately)
 
    
3 =
  Attestation on bank managements assertion on the effectiveness of the banks internal control over financial reporting by a certified public accounting firm. with generally accepted auditing standards by a certified public accounting firm
 
    
4 =
  Directors’ examination of the bank conducted in accordance with generally accepted auditing standards by a certified accounting firm. (may be required by state chartering authority)
 
    
5 =
  Directors’ examination of the bank performed by other external auditors (may be required by state chartering authority)
 
    
6 =
  Review of the bank’s financial statements by external auditors
 
7 =
  Compilation of the bank’s financial statements by external auditors
 
   
8 =
  Other audit procedures (excluding tax preparation work)
 
    
9 =
  No external audit work
 
(1)  
Includes total demand deposits and noninterest-bearing time and savings deposits.
 
(2)  
Report overnight Federal Home Loan Bank advances in Schedule RC, item 16 “other borrowed money.”
 
(3)  
Includes all securities repurchased agreements in domestic and foreign offices, regardless of maturity.
 
(4)  
Includes limited-life preferred stock and related surplus.
 
(5)  
Includes net unrealized holding gains(losses) on available for sale securities, accumulated net gains (losses) on cash flow hedges, cumulative foreign currency translation adjustments, and minimum pension liability adjustments.
 
(6)  
Includes treasury stock and unearned Employee Stock Ownership plan shares.