EX-25.1 11 c81898s4exv25w1.htm EX-25.1 FORM T-1 STATEMENT OF ELIGIBILITY exv25w1
 

EXHIBIT 25.1


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) ________

JPMorgan Chase Bank
(Exact name of trustee as specified in its charter)
     
New York   13-4994650
(State of incorporation   (I.R.S. employer
if not a national bank)   identification No.)
270 Park Avenue    
New York, New York   10017
(Address of principal executive offices)   (Zip Code)

William H. McDavid
General Counsel
270 Park Avenue
New York, New York 10017
Tel: (212) 270-2611
(Name, address and telephone number of agent for service)


Southwestern Public Service Company
(Exact name of obligor as specified in its charter)
     
New Mexico   75-0575400
(State or other jurisdiction of   (I.R.S. employer
incorporation or organization)   identification No.)
     
     
Tyler at Sixth Street    
Amarillo, Texas   79101
(Address of principal executive offices)   (Zip Code)


Series D Senior Notes, 6% Due 2033
(Title of the indenture securities)

 


 

GENERAL

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.

   New York State Banking Department, State House, Albany, New York 12110.

   Board of Governors of the Federal Reserve System, Washington, D.C., 20551

   Federal Reserve Bank of New York, District No. 2, 33 Liberty Street, New York, N.Y.

   Federal Deposit Insurance Corporation, Washington, D.C., 20429.

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

   Yes.

Item 2. Affiliations with the Obligor and Guarantors.

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

     None.

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Item 16.  List of Exhibits

     List below all exhibits filed as a part of this Statement of Eligibility.

     1.  A copy of the Restated Organization Certificate of the Trustee dated March 25, 1997 and the Certificate of Amendment dated October 22, 2001 (see Exhibit 1 to Form T-1 filed in connection with Registration Statement No. 333-76894, which is incorporated by reference.)

     2.  A copy of the Certificate of Authority of the Trustee to Commence Business (see Exhibit 2 to Form T-1 filed in connection with Registration Statement No. 33-50010, which is incorporated by reference). On November 11, 2001, in connection with the merger of The Chase Manhattan Bank and Morgan Guaranty Trust Company of New York, the surviving corporation was renamed JPMorgan Chase Bank.

     3.  None, authorization to exercise corporate trust powers being contained in the documents identified above as Exhibits 1 and 2.

     4.  A copy of the existing By-Laws of the Trustee (see Exhibit 4 to Form T-1 filed in connection with Registration Statement No. 333-76894, which is incorporated by reference.)

     5.  Not applicable.

     6.  The consent of the Trustee required by Section 321(b) of the Act (see Exhibit 6 to Form T-1 filed in connection with Registration Statement No. 33-50010, which is incorporated by reference). On November 11, 2001, in connection with the merger of The Chase Manhattan Bank and Morgan Guaranty Trust Company of New York, the surviving corporation was renamed JPMorgan Chase Bank.

     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.

     8.  Not applicable.

     9.  Not applicable.

SIGNATURE

     Pursuant to the requirements of the Trust Indenture Act of 1939 the Trustee, JPMorgan Chase Bank, a corporation organized and existing under the laws of the State of New York, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York and State of New York, on the 20th day of January, 2004.

         
        JPMORGAN CHASE BANK
         
    By   /s/ James D. Heaney
       
        James D. Heaney
        Vice President

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Exhibit 7 to Form T-1

Bank Call Notice

RESERVE DISTRICT NO. 2
CONSOLIDATED REPORT OF CONDITION OF

JPMorgan Chase Bank
of 270 Park Avenue, New York, New York 10017
and Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System,

at the close of business September 30, 2003, in
accordance with a call made by the Federal Reserve Bank of this
District pursuant to the provisions of the Federal Reserve Act.

                   
      Dollar Amounts
      in Millions
     
ASSETS
Cash and balances due from depository institutions:
               
 
Noninterest-bearing balances and currency and coin
          $ 17,578  
 
Interest-bearing balances
            9,823  
Securities:
               
Held to maturity securities
            210  
Available for sale securities
            57,792  
Federal funds sold and securities purchased under agreements to resell
               
 
Federal funds sold in domestic offices
            9,491  
 
Securities purchased under agreements to resell
            91,241  
Loans and lease financing receivables:
               
 
Loans and leases held for sale
            35,681  
 
Loans and leases, net of unearned income
  $ 170,168          
 
Less: Allowance for loan and lease losses
    3,448          
 
Loans and leases, net of unearned income and allowance
            166,720  
Trading Assets
            178,938  
Premises and fixed assets (including capitalized leases)
            6,057  
Other real estate owned
            110  
Investments in unconsolidated subsidiaries and associated companies
            732  
Customers’ liability to this bank on acceptances outstanding
            260  
Intangible assets
               
 
Goodwill
            2,198  
 
Other Intangible assets
            4,096  
Other assets
            57,193  
 
           
 
TOTAL ASSETS
          $ 638,120  
 
           
 

 


 

                   
      Dollar Amounts
      in Millions
     
LIABILITIES
Deposits
               
 
In domestic offices
          $ 188,866  
 
Noninterest-bearing
  $ 76,927          
 
Interest-bearing
    111,939          
 
In foreign offices, Edge and Agreement subsidiaries and IBF’s
            124,493  
 
Noninterest-bearing
  $ 6,439          
 
Interest-bearing
    118,054          
Federal funds purchased and securities sold under agreements to repurchase:
               
 
Federal funds purchased in domestic offices
            4,679  
 
Securities sold under agreements to repurchase
            82,206  
Trading liabilities
            136,012  
Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)
            24,937  
Bank’s liability on acceptances executed and outstanding
            260  
Subordinated notes and debentures
            8,040  
Other liabilities
            31,270  
TOTAL LIABILITIES
            600,763  
Minority Interest in consolidated subsidiaries
            358  
EQUITY CAPITAL
Perpetual preferred stock and related surplus
            0  
Common stock
            1,785  
Surplus (exclude all surplus related to preferred stock)
            16,306  
Retained earnings
            18,875  
Accumulated other comprehensive income
            33  
Other equity capital components
            0  
TOTAL EQUITY CAPITAL
            36,999  
 
           
 
TOTAL LIABILITIES, MINORITY INTEREST, AND EQUITY CAPITAL
          $ 638,120  
 
           
 

I, Joseph L. Sclafani, E.V.P. & Controller 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.

          JOSEPH L. SCLAFANI

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 in- structions issued by the appropriate Federal regulatory authority and is true and correct.

          WILLIAM B. HARRISON, JR. )
          LAWRENCE A. BOSSIDY       ) DIRECTORS
          ELLEN V. FUTTER                   )