THE BANK OF NEW YORK TRUST COMPANY FORM T-1

EX-25.1 8 ex251t10605.htm FORM T-1 THE BANK OF NEW YORK TRUST COMPANY FORM T-1

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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) |__|
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THE BANK OF NEW YORK TRUST COMPANY, N.A.

(Exact name of trustee as specified in its charter)

95-3571558
(State of incorporation (I.R.S. employer
if not a U.S. national bank) identification no.)
700 South Flower Street
Suite 500
Los Angeles, California 90017
(Address of principal executive offices) (Zip code)
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SOUTHERN CALIFORNIA EDISON COMPANY
(Exact name of obligor as specified in its charter)

California 95-1240335
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)

2244 Walnut Grove Avenue
(P.O. Box 800)
Rosemead, California 91770
(Address of principal executive offices) (Zip code)
First and Refunding Mortgage Bonds
(Title of the indenture securities)

Page 1

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.

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Name Address
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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 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") and 17 C.F.R. 229.10(d).

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

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. 333-121948).

4. A copy of the existing by-laws of the trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No.
333-121948).

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. 333-121948).

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.

Page 2

SIGNATURE

Pursuant to the requirements of the Act, the trustee, The Bank of New York 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 6th day of June,
2005.

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

By: /S/ D.G. DONOVAN
----------------------
Name: D.G. DONOVAN
Title: VICE PRESIDENT

EXHIBIT 7

Consolidated Report of Condition of
THE BANK OF NEW YORK TRUST COMPANY, N.A.
of 700 S. Flower Street, 2nd Floor, Los Angeles, CA 90017

At the close of business March 31, 2005, published in accordance with Federal regulatory authority instructions.

Dollar Amounts
in Thousands
-
ASSETS
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Cash and balances due from
depository institutions:
Noninterest-bearing balances
and currency and coin............................................................................. 9,100
Interest-bearing balances............................................................................. 0
Securities:
Held-to-maturity securities.............................................................................75
Available-for-sale securities.................................................................... 57,298
Federal funds sold and securities
purchased under agreements to resell:
Federal funds sold ............................................................................... 19,000
Securities purchased under agreements to resell.....................................................95,000
Loans and lease financing receivables:
Loans and leases held for sale...........................................................................0
Loans and leases,
net of unearned income........................................ 0
LESS: Allowance for loan and
lease losses...................................................... 0
Loans and leases, net of unearned
income and allowance ................................................................................ 0
Trading assets................................................................................................. 0
Premises and fixed assets (including
capitalized leases)............................................................................. 3,876
Other real estate owned..................................................................................... 0
Investments in unconsolidated
subsidiaries and associated
companies........................................................................................... 0
Customers' liability to this bank
on acceptances outstanding............................................................................ 0
Intangible assets:
Goodwill ...........................................................................................240,005
Other Intangible Assets ...............................................................................17,839
Other assets............................................................................................... 34,344
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Total assets.............................................................................................. $476,537
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LIABILITIES
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Deposits:
In domestic offices..................................................................................7,502
Noninterest-bearing........................................................................7,502
Interest-bearing...............................................................................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:
(includes mortgage indebtedness
and obligations under capitalized
leases)....................................................................................... 58,000
Not applicable
Bank's liability on acceptances
executed and outstanding.......................................................................... 0
Subordinated notes and debentures............................................................................ 0
Other liabilities......................................................................................... 51,452
Total liabilities....................................................................................... $116,954
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Minority interest in consolidated subsidiaries............................................................... 0

EQUITY CAPITAL
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Perpetual preferred stock and related surplus.....................................................................0
Common stock............................................................................................... 1,000
Surplus................................................................................................. 294,125
Retained earnings....................................................................................... 64,622
Accumulated other comprehensive
income................................................................................................(164)
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Other equity capital components...................................................................................0
Total equity capital.................................................................................... $359,583
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Total liabilities, minority interest, and equity capital.............................................. $476,537
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.........I, Thomas J. Mastro, Comptroller of the above-named bank do hereby declare that this Report of Condition has been prepared
in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge
and belief.

.........Thomas J. Mastro ) Comptroller

.........We, the undersigned directors, attest to the correctness of this Report of Condition 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.

.........Richard G. Jackson )
.........Nicholas C. English ) Directors
.........Karen B. Shupenko )