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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)    [  ]
 

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)
N/A
(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)

Legal Department
The Bank of New York Mellon Trust Company, N.A.
225 Liberty Street
New York, NY  10286
(212) 635-1270
 (Name, address and telephone number of agent for service)

 
EL PASO ELECTRIC COMPANY
(Exact name of obligor as specified in its charter)

Texas
 (State or other jurisdiction of incorporation or organization)
 
74-0607870
 (I.R.S. employer identification no.)
 
Stanton Tower
100 North Stanton
El Paso, Texas
(Address of principal executive offices)
79901
(Zip code)
 

DEBT SECURITIES
(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.
 
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.

Item 2.
Affiliations with Obligor.

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

None.

Item 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.  (Exhibit 1 to Form T-1 filed pursuant to Section 305(b)(2) of the Act in connection with Registration Statement No. 333-135006-10).

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 pursuant to Section 305(b)(2) of the Act in connection with Registration Statement No. 333-135006-10).

4.
A copy of the existing by‑laws of the trustee.  (Exhibit 4 to Form T-1 filed pursuant to Section 305(b)(2) of the Act in connection with Registration Statement No. 333-135006-10).

5.
Not applicable.

6.
The consent of the trustee required by Section 321(b) of the Act.  (Exhibit 6 to Form T-1 filed pursuant to Section 305(b)(2) of the Act in connection with Registration Statement No. 333-135006-10).

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.

8.
Not applicable.

9.
Not applicable.
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, in the City of Los Angeles, and State of California, on the 26th day of September, 2017.

 
THE BANK OF NEW YORK MELLON
 
   TRUST COMPANY, N.A.
 
By:
/s/ Karen Yu
   
Name:  Karen Yu
   
Title:    Vice President


EXHIBIT 7

Consolidated Report of Condition of

THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL ASSOCIATION

of 400 South Hope Street, Suite 400, Los Angeles, CA 90071

At the close of business June 30, 2017, published in accordance with Federal regulatory authority instructions.


     Dollar Amounts
in Thousands
 
ASSETS
     
       
Cash and balances due from
depository institutions:
     
Noninterest-bearing balances
   and currency and coin
   
2,600
 
Interest-bearing balances
   
439,216
 
Securities:
       
Held-to-maturity securities
   
0
 
Available-for-sale securities
   
628,823
 
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)
   
10,515
 
Other real estate owned
   
0
 
Investments in unconsolidated
subsidiaries and associated
companies
   
0
 
Direct and indirect investments in real estate ventures
   
0
 
Not applicable
       
Intangible assets:
       
Goodwill
   
856,313
 
Other Intangible Assets
   
37,583
 
Other assets
   
130,153
 
Total assets
 
$
2,105,203
 



LIABILITIES
     
       
Deposits:
     
In domestic offices
   
649
 
Noninterest-bearing
   
649
 
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)
   
0
 
Not applicable
       
Not applicable
       
Subordinated notes and debentures
   
0
 
Other liabilities
   
296,346
 
Total liabilities
   
296,995
 
Not applicable
       
 
EQUITY CAPITAL
     
       
Perpetual preferred stock and related surplus
   
0
 
Common stock
   
1,000
 
Surplus (exclude all surplus related to preferred stock)
   
1,123,023
 
Not available
       
Retained earnings
   
685,564
 
Accumulated other comprehensive income
   
- 1,379
 
Other equity capital components
   
0
 
Not available
       
Total bank equity capital
   
1,808,208
 
Noncontrolling (minority) interests in consolidated subsidiaries
   
0
 
Total equity capital
   
1,808,208
 
Total liabilities and equity capital (sum of items 21 and 28)
   
2,105,203
 

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
)