Exhibit 25.01
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
LAW DEBENTURE TRUST COMPANY OF NEW YORK
(Exact name of trustee as specified in its charter)
New York | | 01-0622605 |
(Jurisdiction of incorporation or organization if not a U.S. | | (I.R.S. Employer Identification |
national bank) | | Number) |
| | |
400 Madison Avenue, 4th Floor, New York, New York | | 10017 |
(Address of principal executive offices) | | (Zip Code) |
Law Debenture Trust Company of New York, 400 Madison Avenue, 4th Floor
New York, NY 10017, James D. Heaney, Managing Director, (212) 750-6474
(Name, address and telephone number of agent for services)
NRG Energy, Inc. *
(Exact name of obligor as specified in its charter)
Delaware | | 41-1724239 |
(State or other jurisdiction of incorporation or organization) | | (I.R.S. Employer Identification |
| | No.) |
| | |
211 Carnegie Center | | 08540 |
Princeton, NJ | | (Zip Code) |
(Address of principal executive offices) | | |
7.625% Senior Notes due 2019, Series B
Guarantees of 7.625% Senior Notes due 2019, Series B
7.875% Senior Notes due 2021, Series B
Guarantees of 7.875% Senior Notes due 2021, Series B
(Title of the indenture securities)
Table of Additional Obligors
Exact Name of Additional | | Jurisdiction of | | I.R.S. Employer |
Obligors* | | Formation | | Identification No. |
Arthur Kill Power LLC | | Delaware | | 41-1937649 |
Astoria Gas Turbine Power LLC | | Delaware | | 41-1937470 |
Cabrillo Power I LLC | | Delaware | | 76-0595964 |
Cabrillo Power II LLC | | Delaware | | 76-0595963 |
Carbon Management Solutions LLC | | Delaware | | 27-2238021 |
Clean Edge Energy LLC | | Delaware | | 27-2244275 |
Conemaugh Power LLC | | Delaware | | 41-1973743 |
Connecticut Jet Power LLC | | Delaware | | 41-1949386 |
Cottonwood Development LLC | | Delaware | | 52-2220177 |
Cottonwood Energy Company LP | | Delaware | | 76-0635621 |
Cottonwood Generating Partners II LLC | | Delaware | | 52-2236732 |
Cottonwood Generating Partners I LLC | | Delaware | | 76-0635620 |
Cottonwood Generating Partners III LLC | | Delaware | | 52-2236738 |
Cottonwood Technology Partners LP | | Delaware | | 76-0669423 |
Devon Power LLC | | Delaware | | 41-1949385 |
Dunkirk Power LLC | | Delaware | | 41-1937466 |
Eastern Sierra Energy Company | | California | | 33-0299028 |
El Segundo Power, LLC | | Delaware | | 41-1893999 |
El Segundo Power II LLC | | Delaware | | 76-0663675 |
Elbow Creek Wind Project LLC | | Texas | | 26-0765836 |
Energy Plus Holdings LLC | | Delaware | | 74-3216390 |
Energy Plus Natural Gas LLC | | Delaware | | 27-3309340 |
Energy Protection Insurance Company | | Vermont | | 27-3660148 |
GCP Funding Company, LLC | | Delaware | | 33-0334380 |
Green Mountain Energy Company | | Delaware | | 03-0360441 |
Huntley Power LLC | | Delaware | | 41-1937468 |
Independence Energy Alliance LLC | | Delaware | | 45-1139369 |
Independence Energy Group LLC | | Delaware | | 27-4408520 |
Independence Energy Natural Gas LLC | | Delaware | | Applied for |
Indian River Operations Inc. | | Delaware | | 41-1973349 |
Indian River Power LLC | | Delaware | | 41-1973747 |
Keystone Power LLC | | Delaware | | 41-1973744 |
Langford Wind Power, LLC | | Texas | | 26-4418527 |
Louisiana Generating LLC | | Delaware | | 41-1870498 |
Meriden Gas Turbines LLC | | Delaware | | 41-1991989 |
Middletown Power LLC | | Delaware | | 41-1949384 |
Montville Power LLC | | Delaware | | 41-1949383 |
NEO Corporation | | Minnesota | | 41-1753235 |
NEO Freehold-Gen LLC | | Delaware | | 41-1980237 |
NEO Power Services Inc. | | Delaware | | 23-3043507 |
New Genco GP, LLC | | Delaware | | 02-0732611 |
Exact Name of Additional | | Jurisdiction of | | I.R.S. Employer |
Obligors* | | Formation | | Identification No. |
Norwalk Power LLC | | Delaware | | 41-1949381 |
NRG Affiliate Services Inc. | | Delaware | | 41-1960764 |
NRG Artesian Energy LLC | | Delaware | | 27-2243660 |
NRG Arthur Kill Operations Inc. | | Delaware | | 41-1939116 |
NRG Astoria Gas Turbine Operations Inc. | | Delaware | | 41-1939115 |
NRG Bayou Cove LLC | | Delaware | | 41-2016940 |
NRG Cabrillo Power Operations Inc. | | Delaware | | 41-1938132 |
NRG California Peaker Operations LLC | | Delaware | | 20-0088453 |
NRG Cedar Bayou Development Company, LLC | | Delaware | | 26-0601018 |
NRG Connecticut Affiliate Services Inc. | | Delaware | | 41-1952333 |
NRG Construction LLC | | Delaware | | 26-0496159 |
NRG Development Company Inc. | | Delaware | | 41-1959656 |
NRG Devon Operations Inc. | | Delaware | | 41-1950239 |
NRG Dunkirk Operations Inc. | | Delaware | | 41-1939114 |
NRG El Segundo Operations Inc. | | Delaware | | 41-1929997 |
NRG Energy Labor Services LLC | | Delaware | | 27-5345464 |
NRG Energy Services Group LLC | | Delaware | | 27-3915519 |
NRG Energy Services LLC | | Delaware | | 41-1978725 |
NRG Generation Holdings, Inc. | | Delaware | | 20-1911335 |
NRG Huntley Operations Inc. | | Delaware | | 41-1939118 |
NRG Ilion Limited Partnership | | Delaware | | 36-3783670 |
NRG Ilion LP LLC | | Delaware | | 41-2016939 |
NRG International LLC | | Delaware | | 41-1744096 |
NRG Maintenance Services LLC | | Delaware | | 20-8088165 |
NRG Mextrans Inc. | | Delaware | | 41-1951078 |
NRG MidAtlantic Affiliate Services Inc. | | Delaware | | 41-1996587 |
NRG Middletown Operations Inc. | | Delaware | | 41-1950236 |
NRG Montville Operations Inc. | | Delaware | | 41-1950237 |
NRG New Jersey Energy Sales LLC | | Delaware | | 03-0412726 |
NRG New Roads Holdings LLC | | Delaware | | 41-1968966 |
NRG North Central Operations Inc. | | Delaware | | 41-2004025 |
NRG Northeast Affiliate Services Inc. | | Delaware | | 41-1940300 |
NRG Norwalk Harbor Operations Inc. | | Delaware | | 41-1950238 |
NRG Operating Services, Inc. | | Delaware | | 41-1744095 |
NRG Oswego Harbor Power Operations Inc. | | Delaware | | 41-1939117 |
NRG PacGen Inc. | | Delaware | | 41-1889830 |
NRG Power Marketing LLC | | Delaware | | 41-1910737 |
NRG Retail LLC | | Delaware | | 26-4341161 |
NRG Rockford Acquisition LLC | | Delaware | | 41-2011003 |
NRG Saguaro Operations Inc. | | Delaware | | 41-2013262 |
NRG Services Corporation | | Delaware | | 41-1841627 |
NRG SimplySmart Solutions LLC | | Delaware | | 27-4204481 |
NRG South Central Affiliate Services Inc. | | Delaware | | 41-1996193 |
NRG South Central Generating LLC | | Delaware | | 41-1963217 |
NRG South Central Operations Inc. | | Delaware | | 41-2002465 |
Exact Name of Additional | | Jurisdiction of | | I.R.S. Employer |
Obligors* | | Formation | | Identification No. |
NRG South Texas LP | | Texas | | 30-0083668 |
NRG Texas C&I Supply LLC | | Delaware | | 26-4555466 |
NRG Texas Holding Inc. | | Delaware | | 26-4775586 |
NRG Texas LLC | | Delaware | | 20-1504355 |
NRG Texas Power LLC | | Delaware | | 34-2019301 |
NRG West Coast LLC | | Delaware | | 41-1942517 |
NRG Western Affiliate Services Inc. | | Delaware | | 41-1949168 |
O’Brien Cogeneration, Inc. II | | Delaware | | 23-2414656 |
ONSITE Energy, Inc. | | Oregon | | 93-0910742 |
Oswego Harbor Power LLC | | Delaware | | 41-1937465 |
Pennywise Power LLC | | Delaware | | 26-3576629 |
RE Retail Receivables, LLC | | Delaware | | 41-2046596 |
Reliant Energy Northeast LLC | | Delaware | | 32-0314140 |
Reliant Energy Power Supply, LLC | | Delaware | | 204823108 |
Reliant Energy Retail Holdings, LLC | | Delaware | | 76-0655580 |
Reliant Energy Retail Services, LLC | | Delaware | | 76-0655567 |
Reliant Energy Texas Retail, LLC | | Delaware | | 26-3576595 |
RERH Holdings, LLC | | Delaware | | 20-5222227 |
Saguaro Power LLC | | Delaware | | 41-2013654 |
Somerset Operations Inc. | | Delaware | | 41-1923722 |
Somerset Power LLC | | Delaware | | 41-1924606 |
Texas Genco Financing Corp | | Delaware | | 27-0110393 |
Texas Genco GP, LLC | | Texas | | 75-3013803 |
Texas Genco Holdings, Inc. | | Texas | | 76-0695920 |
Texas Genco LP, LLC | | Delaware | | 30-0381697 |
Texas Genco Operating Services LLC | | Delaware | | 75-3172707 |
Texas Genco Services, LP | | Texas | | 38-3694336 |
Vienna Operations Inc. | | Delaware | | 41-1973351 |
Vienna Power LLC | | Delaware | | 41-1973745 |
WCP (Generation) Holdings LLC | | Delaware | | 74-2922374 |
West Coast Power LLC | | Delaware | | 36-4301246 |
* The address for each of the additional Obligors is c/o NRG Energy, Inc., 211 Carnegie Center, Princeton, NJ 08540, Telephone: (609) 524-4500. The primary standard industrial classification number for each of the additional Registrants is 4911.
The name, address, including zip code of the agent for service for each of the additional Obligors is Michael R. Bramnick, Executive Vice President and General Counsel of NRG Energy, Inc., 211 Carnegie Center, Princeton, NJ 08540, Telephone: (609) 524-4500.
THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.
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 | |
| Superintendent of Banks of the State of New York | | 2 Rector Street, New York, NY | |
| | | 10006, and Albany, NY 12203 | |
b. | Whether it is authorized to exercise corporate trust powers. |
| |
| Yes |
Item 2. Affiliations with the obligor.
If the obligor is an affiliate of the trustee, describe each such affiliation.
None.
Items 3-14.
No responses are included for Items 3-14 of this Form T-1 because the obligor is not in default as provided under Item 13.
Item 15. Foreign Trustee.
Not applicable.
Item 16. List of exhibits.
List below all exhibits filed as a part of this statement of eligibility.
1. | A copy of the articles of association of the trustee as now in effect. (see Exhibit 1 to Form T-1 filed in connection with Registration Statement No. 333-127469, which is incorporated by reference). |
2. | A copy of the certificate of authority of the trustee to commence business, if not contained in the articles of association. (see Exhibit 2 to Form T-1 filed in connection with Registration Statement No. 333-127469, which is incorporated by reference). |
3. | A copy of the existing bylaws of the trustee, or instruments corresponding thereto. ( see Exhibit 3 to Form T-1 filed in connection with Registration Statement No. 333-127469, which is incorporated by reference). |
4. | The consents of the Trustee required by Section 321(b) of the Act. (see Exhibit 4 to Form T-1 filed in connection with Registration Statement 333-133414, which is incorporated by reference). |
5. | A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority. |
| |
SIGNATURE |
|
| Pursuant to the requirements of the Trust Indenture Act of 1939 the trustee, Law Debenture Trust Company of New York, a trust company organized and existing under the laws 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 9th day of November, 2011. |
| Law Debenture Trust Company of New York |
| | (Trustee) |
| By: | /S/ James D. Heaney |
| | James D. Heaney |
| | Managing Director |
T-1 Item 16
Consolidated Report of Condition (attached as Exhibit A hereto) of
LAW DEBENTURE TRUST COMPANY OF NEW YORK
of 400 Madison Avenue, New York, NY 10017,
a limited purpose trust company (“LDTC-NY”) and U.S. subsidiary of Law Debenture Corporation plc, London, England (“Law Debenture”), at the close of business December 31, 2009, published with the Federal Financial Institutions Examination Council/Board of Governors of the Federal Reserve System, and in accordance with Chapter 2 of the Consolidated Laws of the State of New York Banking Department license granted on May 8, 2002.
Prior to this Consolidated Report of Condition dated June 30, 2011, a Guarantee and Keep Well Agreement was executed by subsidiaries of Law Debenture, to effect capitalization of LDTC-NY in the total aggregate amount of $50,000,000, on July 12, 2002. (For a copy of the Guarantee and Keep Well Agreement, see Exhibit 5 to Form T-1 filed pursuant to Rule 305(b)(2) under the Trust Indenture Act, as amended in connection with Registration Statement No. 333-149890, which is incorporated by reference.)
I, Kenneth Portera, Chief Executive Officer of Law Debenture Trust Company of New York do hereby declare that this Report of Condition has been prepared in conformance with instructions issued by the Board of Governors of the Federal Reserve System and is true to the best of my knowledge and belief.
IN WITNESS WHEREOF, I have executed this certificate the 9th day of November 2011.
| /S/ Kenneth Portera |
| Kenneth Portera |
| Chief Executive Officer |
| Law Debenture Trust Company of New York |
I, James D. Heaney, Managing Director of Law Debenture Trust Company of New York, do hereby attest that the signature set forth above is the true and genuine signature of Kenneth Portera, Chief Executive of Law Debenture Trust Company of New York.
Attested by: | /S/ James D. Heaney | |
Its: | Managing Director | |
Law Debenture Trust Company of New York | | FFIEC 041 | | Exhibit A |
| | PAGE RC-1 | | |
| | 13 | | |
Consolidated Report of Condition for Insured Commercial and State-Chartered Savings Banks for June 30, 2011
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
Dollar Amounts in Thousands | | | | RCON | | Bil | | Mil | | Thou | | | |
ASSETS | | | | | | | | | | | | | |
| 1. | Cash and balances due from depository institutions (from Schedule RC-A): | | | | | | | | | | | | | |
| | a. | Noninterest-bearing balances and currency and coin(1) | | | | 0081 | | | | | | 524 | | 1.a. | |
| | b. | Interest-bearing balances(2) | | | | 0071 | | | | 3 | | 939 | | 1.b. | |
| 2. | Securities: | | | | | | | | | | | | | |
| | a. | Held-to-maturity securities (from Schedule RC-B, column A) | | | | 1754 | | | | | | | | 2.a. | |
| | b. | Available-for-sale securities (from Schedule RC-B, column D) | | | | 1773 | | | | | | | | 2.b. | |
| 3. | Federal funds sold and securities purchased under agreements to resell: | | | | | | | | | | | | | |
| | a. | Federal funds sold | | | | B987 | | | | | | | | 3.a. | |
| | b. | Securities purchased under agreements to resell(3) | | | | B989 | | | | | | | | 3.b. | |
| 4. | Loans and lease financing receivables (from Schedule RC-C) | | | | | | | | | | | | | |
| | a. | Loans and leases held for sale | | | | 5369 | | | | | | | | 4.a. | |
| | b. | Loans and leases, net of unearned income | | B528 | | | | | | | | | | 4.b. | |
| | c. | LESS: Allowance for loan and lease losses | | 3123 | | | | | | | | | | 4.c. | |
| | d. | Loans and leases, net of unearned income and allowance (item 4.b minus 4.c) | | | | B529 | | | | | | | | 4.d. | |
| 5. | Trading assets (from Schedule RC-D) | | | | 3545 | | | | | | | | 5. | |
| 6. | Premises and fixed assets (including capitalized leases) | | | | 2145 | | | | | | | | 6. | |
| 7. | Other real estate owned (from Schedule RC-M | | | | 2150 | | | | | | | | 7. | |
| 8. | Investments in unconsolidated subsidiaries and associated companies | | | | 2130 | | | | | | | | 8. | |
| 9. | Direct and indirect investments in real estate ventures | | | | 3656 | | | | | | | | 9. | |
| 10. | Intangible assets: | | | | | | | | | | | | | |
| | a. | Goodwill | | | | 3163 | | | | | | | | 10.a. | |
| | b. | Other intangible assets (from Schedule RC-M) | | | | 0426 | | | | | | | | 10.b. | |
| 11. | Other assets (from Schedule RC-F) | | | | 2160 | | | | 1 | | 144 | | 11. | |
| 12. | Total assets (sum of items 1 through 11) | | | | 2170 | | | | 1 | | 612 | | 12. | |
(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
(3) Includes all securities resale agreements, regardless of maturity.
Schedule RC—Continued
| | | | | | | | | | | | | | | | |
Dollar Amounts in Thousands | | | | RCON | | Bil | | Mil | | Thou | | | |
LIABILITIES | | | | | | | | | | | | | |
| 13. | | Deposits: | | | | | | | | | | | | | |
| | a. | In domestic offices (sum of totals of columns A and C from Schedule RC-E) | | | | 2200 | | | | | | | | 13.a. | |
| | | (1) Noninterest-bearing(1) | | 6631 | | | | | | | | | | 13.a.(1) | |
| | | (2) Interest-bearing | | 6636 | | | | | | | | | | 13.a.(2) | |
| | b. | Not applicable | | | | | | | | | | | | | |
| 14. | | Federal funds purchased and securities sold under agreements to repurchase: | | | | | | | | | | | | | |
| | a. | Federal funds purchased(2) | | | | B993 | | | | | | | | 14.a. | |
| | b. | Securities sold under agreements to repurchase(3) | | | | B995 | | | | | | | | 14.b. | |
| 15. | Trading liabilities (from Schedule RC-D) | | | | 3548 | | | | | | | | 15. | |
| 16. | Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases) (from Schedule RC-M) | | | | 3190 | | | | | | | | 16. | |
| 17. and 18. Not applicable | | | | | | | | | | | | | |
| 19. | Subordinated notes and debentures(4) | | | | 3200 | | | | | | | | 19. | |
| 20. | Other liabilities (from Schedule RC-G) | | | | 2930 | | | | 1 | | 612 | | 20. | |
| 21. | Total liabilities (sum of items 13 through 20) | | | | 2948 | | | | 1 | | 612 | | 21. | |
| 22. | Not applicable | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| EQUITY CAPITAL | | | | | | | | | | | | | |
| | Bank Equity Capital | | | | | | | | | | | | | |
| 23. | Perpetual preferred stock and related surplus | | | | 3838 | | | | | | | | 23. | |
| 24. | Common stock | | | | 3230 | | | | | | | | 24. | |
| 25. | Surplus (excludes all surplus related to preferred stock) | | | | 3839 | | | | | | | | 25. | |
| 26. | a. | Retained earnings | | | | 3632 | | | | | | | | 26.a. | |
| | b. | Accumulated other comprehensive income(5) | | | | B530 | | | | | | | | 26.b. | |
| | c. | Other equity capital components(6) | | | | A130 | | | | | | | | 26.c. | |
| 27. | a. | Total bank equity capital (sum of items 23 through 26.c) | | | | 3210 | | | | 3 | | 995 | | 27.a. | |
| | b. | Noncontrolling (minority) interests in consolidated subsidiaries | | | | 3000 | | | | | | | | 27.b | |
| 28. | Total equity capital (sum of items 27.a and 27.b) | | | | G105 | | | | 3 | | 995 | | 28. | |
| 29. | Total liabilities and equity capital (sum of items 21 and 28) | | | | 3300 | | | | 5 | | 607 | | 29. | |
Memoranda
| | RCON | | Number | | | |
To be reported with the March Report of Condition. | | | | | | | |
| 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 2009 | | | | | | M.1. | |
| | | | | | | | | |
1 = | Independent audit of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the bank | | | | | | | |
2 = | Independent audit of the bank’s parent holding company conducted in accordance with generally accepted auditing standards by a certified public accounting firm which submits a report on the consolidated holding company (but not on the bank separately) | | | | | | | |
3 = | Attestation on bank management’s assertion on the effectiveness of the bank’s internal control over financial reporting by a certified public accounting firm | | | | | | | |
4 = | Directors’ examination of the bank conducted in accordance with generally accepted auditing standards by a certified public accounting firm (may be required by state chartering authority) | | | | | | | |
5 = | Directors’ examination of the bank performed by other external auditors (may be required by state chartering authority) | | | | | | | |
6 = | Review of the bank’s financial statements by external auditors | | | | | | | |
7 = | Compilation of the bank’ financial statements by external auditors | | | | | | | |
8 = | Other audit procedures (excluding tax preparation work) | | | | | | | |
9 = | No external audit work | | | | | | | |
| | | | | | | | RCON | | MM | | DD | | | |
To be reported with the March Report of Condition. | | | | | | | | | | | | | |
| 2. | Bank’s fiscal year-end date | | | | | | 8678 | | | | | | M.2. | |
(1) Includes total demand deposits and noninterest-bearing time and savings deposits.
(2) Report overnight Federal Home Loan Bank advances in Schedule RC, item 16, “Other borrowed money.”
(3) Includes all securities repurchase agreements, regardless of maturity.
(4) Includes limited-life preferred stock and related surplus.
(5) Includes net unrealized holding gains (losses) on available-for-sale securities, accumulated net gains (losses) on cash flow hedges, and minimum pension liability adjustments.
(6)Includes treasury stock and unearned Employee Stock Ownership Plan shares.