EX-25.8 11 dex258.htm FORM T-1 U.S. BANK NATL ASSOCIATION, AS DELWARE TRUSTEE & PROPERTY TRUSTEE Form T-1 U.S. Bank Natl Association, as Delware trustee & property trustee

EXHIBIT 25.8

 


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 TRUST NATIONAL ASSOCIATION

(Exact name of Trustee as specified in its charter)

41-1973763

I.R.S. Employer Identification No.

 

300 Delaware Avenue, 9th Floor
Wilmington, Delaware
  19801
(Address of principal executive offices)   (Zip Code)

Mildred F. Smith

U.S. Bank Trust National Association

300 Delaware Avenue, 9th Floor

Wilmington, DE 19801

Telephone (302) 576-3703

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

PECO ENERGY CAPITAL TRUST V

PECO ENERGY CAPITAL TRUST VI

(Exact name of obligor as specified in its charter)

 

Delaware   16-1665203
Delaware   16-1665207

(State or other jurisdiction of

incorporation or organization)

 

(I. R. S. Employer

Identification No.)

c/o U.S. Bank Trust National Association  
300 Delaware Avenue, 9th Floor  
Wilmington, Delaware   19801
(Address of principal executive offices)   (Zip Code)

 


TRUST PREFERRED SECURITIES

(Title of 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 The Trustee is a Trustee under other Indentures under which securities issued by the obligor are outstanding. There is not and there has not been a default with respect to the securities outstanding under other such Indentures.

 

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 now in effect, incorporated herein by reference to Exhibit 1 of Form T-1, Document 6 of Registration No. 333-84320.

 

  2. A copy of the certificate of authority of the Trustee to commence business, incorporated herein by reference to Exhibit 2 of Form T-1, Document 6 of Registration No. 333-84320.

 

  3. A copy of the certificate of authority of the Trustee to exercise corporate trust powers, incorporated herein by reference to Exhibit 3 of Form T-1, Document 6 of Registration No. 333-84320.

 

  4. A copy of the existing bylaws of the Trustee, as now in effect, incorporated herein by reference to Exhibit 4 of Form T-1, Document 6 of Registration No. 333-113995.

 

  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 of Form T-1, Document 6 of Registration No. 333-84320.

 

  7. Report of Condition of the Trustee as of June 30, 2007, published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

 

  8. Not applicable.

 

  9. Not applicable.

 

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SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK TRUST 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 and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Wilmington, State of Delaware on the 12th day of December, 2007.

 

U.S. BANK TRUST NATIONAL ASSOCIATION
By:   /s/ Mildred F. Smith
Name:   Mildred F. Smith
Title:   Vice President

 

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Exhibit 7

U.S. Bank Trust National Association

Statement of Financial Condition

As of September 30, 2007

($000’s)

 

     9/30/2007

Assets

  

Cash and Balances Due From Depository Institutions

   $ 475,243

Fixed Assets

     123

Intangible Assets

     80,297

Other Assets

     37,282
      

Total Assets

   $ 592,945

Liabilities

  

Other Liabilities

   $ 22,871
      

Total Liabilities

   $ 22,871

Equity

  

Common and Preferred Stock

   $ 1,000

Surplus

     505,932

Undivided Profits

     63,142
      

Total Equity Capital

   $ 570,074

Total Liabilities and Equity Capital

   $ 592,945

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

 

U.S. Bank Trust National Association
By:    /s/ Mildred F. Smith
  Name   Mildred F. Smith
  Title   Vice President
Date: December 12, 2007

 

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