EX-25.02 13 exhibit25-02tx1.htm EXHIBIT 25.02 Document

Exhibit 25.02
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FORM T‑1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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)

(State 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)
___________________________

The Bank of New York Mellon Trust Company, N.A.
200 Ashford Center North, Suite 550
Atlanta, Georgia 30338
Attn: Corporate Trust Administration
(770) 698-5100
(Name, address and telephone number of agent for service)
___________________________

South Carolina Electric & Gas Company
(Exact name of obligor as specified in its charter)

South Carolina
(State or other jurisdiction of
incorporation or organization)
57-0248695
(I.R.S. employer
identification no.)
100 SCANA Parkway
Cayce, South Carolina
(Address of principal executive offices)
29033-3712

(Zip code)
___________________________
First Mortgage Bonds
(Title of Indenture Securities)

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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, D.C. 20219
Federal Reserve Bank
San Francisco, California 94105
Federal Deposit Insurance Corporation
Washington, D.C. 20429
(b)Whether it is authorized to exercise corporate trust powers.
Yes.
2.
Affiliations with the Obligor.
If the obligor is an affiliate of the trustee, describe each such affiliation.
None.
3-15    Not Applicable
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”) and 17 C.F.R. 229.10(d).
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).
4.
A copy of the existing by‑laws of the trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-152875).
5.
Not applicable.


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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 Chicago, and State of Illinois, on the 16th day of March, 2018.

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
By:
    /s/Lawrence M. Kusch        
Name: Lawrence W. Kusch
Title: Vice President


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EXHIBIT 7

Consolidated Report of Condition of
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
of 400 South Hope Street, Suite 500, Los Angeles, CA 90071

At the close of business December 31, 2017, published in accordance with Federal regulatory authority instructions.



             Dollar amounts
 
 
Dollar amounts in thousands
ASSETS
 
 
Cash and balances due from
 
 
depository institutions:
 
 
   Noninterest-bearing balances
 
 
               and currency and coin

 
4,247
Interest-bearing balances
 
533,579
Securities:
 
 
Held-to-maturity securities
 
0
Available-for-sale securities
 
542,018
Federal funds sold and securities
 
 
purchased under agreements to resell:
 
 
Federal funds sold
 
0
Securities purchased under agreements to resell
 
0
Loans and lease financing receivables:
 
 
Loans and leases held for sale
 
0
Loans and leases,
 
 
held for investment
0
 
LESS: Allowance for loan and
 
 
lease losses
0
 
Loans and leases held for investment,
 
 
net of allowance
0
 
Trading assets
 
0
Premises and fixed assets (including
 
 
capitalized leases)
 
10,756
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
 
856,313
Other intangible assets
 
24,347
Other assets
 
121,741
Total assets
 
$2,093,001






LIABILITIES
 
 
 
 
 
Deposits:
 
602

In domestic offices
 
 

   Noninterest-bearing
602

 
Interest-bearing balances
0

 
Not applicable
 
 
Federal funds purchased and securities
 
 
sold under agreements to repurchase:
 
 
Federal funds purchased
 
0

Securities sold under agreements to repurchase
 
0

Trading liabilities
 
0

Other borrowed money:
 
0

(includes mortgage indebtedness
 
 
and obligations under capitalized
 
 
leases)
 
0

Not applicable
 
 
Not applicable
 
 
Subordinated notes and debentures
 
0

Other liabilities
 
222,312

Total liabilities
 
222,914

Not applicable
 
 
 
 
 
EQUITY CAPITAL
 
 
 
 
 
Perpetual preferred stock and related surplus
 
0

Common stock
 
1,000

Surplus (exclude all surplus related to preferred stock)
 
1,123,124

Not available
 
 
Retained earnings
 
747,028

Accumulated other comprehensive income
 
-1,065

Other equity capital components
 
0

Not available
 
 
Total bank equity capital
 
1,870,087

Noncontrolling (minority) interests in consolidated subsidiaries
 
0

Total equity capital
 
1,870,087

Total liabilities and equity capital
 
2,093,001



I, Matthew J. McNulty, CFO of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.

Matthew J. McNulty     )    CFO


We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date and 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 issued by the appropriate Federal regulatory authority and is true and correct.

Antonio I. Portuondo, President     )
William D. Lindelof, Director    )    Directors (Trustees)
Alphonse J. Briand, Director    )