EX-25.1 5 a2193144zex-25_1.htm EXHIBIT 25.1
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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) o



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
(Address of principal executive offices)
  55402
(Zip Code)



Jack Ellerin
U.S. Bank National Association
1349 West Peachtree Street
Suite 1050
Atlanta, Georgia 30309
(404) 898-8830
(Name, address and telephone number of agent for service)

Oglethorpe Power Corporation
(An Electric Membership Corporation)
(Exact name of obligor as specified in its charter)

Georgia
(State or other jurisdiction of incorporation
or organization)
  58-1211925
(I.R.S. Employer Identification No.)

2100 East Exchange Place
Tucker, Georgia
(Address of principal executive offices)

 

30084-5336
(Zip Code)



6.10% First Mortgage Bonds, Series 2009 A due 2019
(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
      Washington, D.C.

      Federal Deposit Insurance Company
      Washington, D.C.

      The Board of Governors of the Federal Reserve System
      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 the obligor is not in default under any indenture under which U.S. Bank National Association (the "Trustee") acts as trustee.

Item 16.    List of Exhibits.

    List below all exhibits filed as a part of this statement of eligibility; provided that exhibits identified in parentheses are filed with the Commission and are incorporated herein by reference as exhibits hereto pursuant to Rule 7a-29 under the Trust Indenture Act of 1939, as amended, and 17 C.F.R. 229.10(d).

    1.
    A copy of the articles of association of the Trustee as now in effect. (Exhibit 25.1 to Amendment No. 2 to Form S-4, Registration Number 333-128217, filed by Revlon Consumer Products Corp.)

    2.
    A copy of the certificate of authority of the Trustee to commence business, is contained in the articles of association referred to in Paragraph 1 above.

    3.
    A copy of the authorization of the Trustee to exercise corporate trust powers. (Exhibit 25.1 to Form S-3ASR, Registration Number 333-155592, filed by ONEOK, Inc.)

    4.
    A copy of the existing by-laws of the Trustee as now in effect. (Exhibit 25.1 to Form S-4, Registration Number 333-145601, filed by iPCS, Inc.)

    5.
    A copy of each indenture referred to in Item 4, if the obligor is in default.

      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.
    A copy of the latest report of condition of the Trustee published pursuant to law or the requirements of its supervising or examining authority as of the close of business on December 31, 2008, attached as Exhibit 7.

2


SIGNATURE

        Pursuant to the requirements of the Trust Indenture Act of 1939, 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 and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Atlanta, State of Georgia, on the 11th day of May, 2009.

    U.S. BANK NATIONAL ASSOCIATION

 

 

By:

 

/s/ JACK ELLERIN

       

Jack Ellerin
Vice President

3


Exhibit 6


CONSENT OF TRUSTEE

        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: May 11, 2009


 

 

U.S. BANK NATIONAL ASSOCIATION

 

 

By:

 

/s/ JACK ELLERIN

Jack Ellerin
Vice President

1


Exhibit 7

REPORT OF CONDITION
(ATTACHED)

2



U.S. Bank National Association
425 Walnut Street
Cincinnati, Ohio
FDIC Certificate Number: 6548
  FFIEC 031
Consolidated Report of Condition
for December 31, 2008

Consolidated Report of Condition for Insured Commercial
and State-Chartered Savings Banks for December 31, 2008

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

 

C400

Dollar Amounts in Thousands

ASSETS

               

1.

 

Cash and balances due from depository institutions (from Schedule RC-A):

    RCFD          
                   

 

a.  Non-interest bearing balances and currency and coin

    0081     6,858,463   1.a

 

b.  Interest-bearing balances

    0071     1,219,101   1.b

2.

 

Securities:

               

 

a.  Held-to-maturity securities (from Schedule RC-B, column A)

    1754     53,156   2.a

 

b.  Available-for-sale securities (from Schedule RC-B, column D)

    1773     37,401,955   2.b

3.

 

Federal funds sold and securities purchased under agreements to resell:

    RCON          
                   

 

a.  Federal funds sold in domestic offices

    B987     3,290,350   3.a

        RCFD          
                   

 

b.  Securities purchased under agreements to resell

    B989     0   3.b

4.

 

Loans and lease financing receivables (from Schedule RC-C):

               

 

a.  Loans and leases held for sale

    5369     3,208,281   4.a

 

b.  Loans and leases, net of unearned income

    B528     180,552,323   4.b

 

c.  Allowance for loan and lease losses

    3123     3,323,564   4.c

 

d.  Loans and leases, net of unearned income and allowance

    B529     177,228,759    

5.

 

Trading assets (from Schedule RC-D)

    3545     1,980,567   5

6.

 

Premises and fixed assets (including capitalized leases)

    2145     1,760,596   6

7.

 

Other real estate owned (from Schedule RC-M)

    2150     667,873   7

8.

 

Investments in unconsolidated subsidiaries and associated companies (from Schedule RC-M)

    2130     113,510   8

9.

 

Not applicable

    2155     N/A   9

10.

 

Intangible assets:

              10

 

a.  Goodwill

    3163     8,558,925   10.a

 

b.  Other intangible assets (from Schedule RC-M)

    0426     3,936,115   10.b

11.

 

Other assets (from Schedule RC-F)

    2160     15,497,940   11

12.

 

Total assets

    2170     261,775,591   12

3



U.S. Bank National Association
425 Walnut Street
Cincinnati, Ohio
FDIC Certificate Number: 6548
  FFIEC 031
Consolidated Report of Condition
for December 31, 2008

Schedule RC—Continued

Dollar Amounts in Thousands

13.

 

Deposits:

    RCON          
                   

 

a.  In domestic offices:

    2200     145,018,465   13.a

 

(1)  Noninterest-bearing

    6631     38,061,240   13.a.1

 

(2)  Interest-bearing

    6636     106,957,225   13.a.2

 

b.  In foreign offices, Edge and Agreement subsidiaries, and IBFs (from Schedule RC-E, part II)

    RCFN
2200
    26,961,583   13.b

 

(1)  Noninterest-bearing

    6631     0   13.b.1

 

(2)  Interest-bearing

    6636     26,961,583   13.b.2

14.

 

Federal funds purchased and securities sold under agreements to repurchase:

    RCON          
                   

 

a.  Federal funds purchased in domestic offices

    B993     2,369,052   14.a

        RCFD          
                   

 

b.  Securities sold under agreements to repurchase

    B995     9,492,889   14.b

15.

 

Trading liabilities (from Schedule RC-D)

    3548     1,919,265   15

16.

 

Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases) (from Schedule RC-M)

    3190     39,187,106   16

17.

 

Not applicable

               

18.

 

Not applicable

              18

19.

 

Subordinated notes and debentures

    3200     7,329,967   19

20.

 

Other liabilities (from Schedule RC-G)

    2930     6,647,510   20

21.

 

Total liabilities

    2948     238,925,837   21

22.

 

Minority interest in consolidated subsidiaries

    3000     1,664,422   22

23.

 

Perpetual preferred stock and related surplus

    3838     0   23

24.

 

Common stock

    3230     18,200   24

25.

 

Surplus (exclude all surplus related to preferred stock)

    3839     12,597,620   25

26.

 

Not available

               

 

a.  Retained earnings

    3632     11,428,058   26.a

 

b.  Accumulated other comprehensive income

    B530     -2,858,546   26.b

27.

 

Other equity capital components

    A130     0   27

28.

 

Total equity capital

    3210     21,185,332   28

29.

 

Total liabilities, minority interest, and equity capital

    3300     261,775,591   29


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 2007


 

 

RCFD
6724

 

 

NR

 

M.1

4




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