EX-25.1 5 tm2131886d1_ex25-1.htm EXHIBIT 25.1

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
TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)

 


(Jurisdiction of incorporation
if not a U.S. national bank)
95-3571558
(I.R.S. employer
identification no.)
   

400 South Hope Street
Suite 500

Los Angeles, California

(Address of principal executive offices)

 

 

90071
(Zip code)

 

 

 

WEC ENERGY GROUP, INC.
(Exact name of obligor as specified in its charter)

 

Wisconsin
(State or other jurisdiction of
incorporation or organization)
39-1391525
(I.R.S. employer
identification no.)
   

231 West Michigan Street

P.O. Box 1331

Milwaukee, Wisconsin
(Address of principal executive offices)

 

 

53201
(Zip code)

 

 

 

Debt Securities
(Title of the indenture securities)

 

 

 

 

 

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.

 

Name Address

Comptroller of the Currency

United States Department of the Treasury

 

Washington, DC 20219
Federal Reserve Bank

San Francisco, CA 94105

 

Federal Deposit Insurance Corporation
Washington, DC 20429

 

(b)Whether it is authorized to exercise corporate trust powers.

 

Yes.

 

2.Affiliations with Obligor.

 

If the obligor is an affiliate of the trustee, describe each such affiliation.

 

None.

 

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").

 

1.A copy of the articles of association of The Bank of New York Mellon Trust Company, N.A., formerly known as The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152875).

 

2.A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).

 

3.A copy of the authorization of the trustee to exercise corporate trust powers (Exhibit 3 to Form T-1 filed with Registration Statement No.  333-152875).

 

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4.A copy of the existing by-laws of the trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-229762).

 

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. 333-152875).

 

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.

 

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SIGNATURE

 

Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon Trust Company, N.A., a 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 Houston, and State of Texas, on the 1st day of November, 2021.

 

 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

 

 By: /s/ Julie Hoffman-Ramos
    Name: Julie Hoffman-Ramos
    Title: Vice President

 

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EXHIBIT 7

 

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, 2021, 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    4,418,000 
Interest-bearing balances    142,659,000 
Securities:     
Held-to-maturity securities    52,321,000 
Available-for-sale debt securities    102,839,000 
Equity securities with readily determinable fair values not held for trading   67,000 
Federal funds sold and securities purchased under agreements to resell:     
Federal funds sold in domestic offices    0 
Securities purchased under agreements to resell   13,933,000 
Loans and lease financing receivables:     
Loans and leases held for sale   0 
Loans and leases held for investment   29,525,000 
LESS: Allowance for loan and lease losses   229,000 
Loans and leases held for investment, net of allowance    29,296,000 
Trading assets    11,289,000 
Premises and fixed assets (including capitalized leases)    2,938,000 
Other real estate owned    1,000 
Investments in unconsolidated subsidiaries and associated companies    1,603,000 
Direct and indirect investments in real estate ventures   0 
Intangible assets   6,971,000 
Other assets    16,203,000 
Total assets    384,538,000 

 

LIABILITIES    
Deposits:    
In domestic offices    214,188,000 
Noninterest-bearing    90,927,000 
Interest-bearing    123,261,000 
In foreign offices, Edge and Agreement subsidiaries, and IBFs    124,493,000 
Noninterest-bearing    7,607,000 
Interest-bearing    116,886,000 
Federal funds purchased and securities sold under agreements to repurchase:     
Federal funds purchased in domestic offices   0 
Securities sold under agreements to repurchase    4,801,000 
Trading liabilities    2,813,000 
Other borrowed money:
(includes mortgage indebtedness and obligations under capitalized leases)
   473,000 
Not applicable     
Not applicable     
Subordinated notes and debentures    0 
Other liabilities    8,793,000 
Total liabilities    355,561,000 

 

EQUITY CAPITAL    
Perpetual preferred stock and related surplus   0 
Common stock    1,135,000 
Surplus (exclude all surplus related to preferred stock)    11,690,000 
Retained earnings    16,688,000 
Accumulated other comprehensive income   -536,000 
Other equity capital components   0 
Total bank equity capital    28,977,000 
Noncontrolling (minority) interests in consolidated subsidiaries   0 
Total equity capital    28,977,000 
Total liabilities and equity capital    384,538,000 

 

 

 

I, Emily Portney, 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.

 

Emily Portney
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.

 

Thomas P. Gibbons
 Samuel C. Scott
Joseph J. Echevarria
  Directors