EXHIBIT 25 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): [___] FIRST TRUST NATIONAL ASSOCIATION (Exact name of Trustee as specified in its charter) United States 36-4046888 (Jurisdiction of Incorporation) (I.R.S. Employer Identification No.) 11 E. Wacker Drive, Suite 3000 Chicago, Illinois 60601 (Address of Principal Executive Offices) (Zip Code) Mr. Steven E. Charles Vice President First Trust National Association 11 E. Wacker Drive, Suite 3000 Chicago, Illinois 60601 (312) 228-9418 (Name, address and telephone number of agent for service) INDIANA GAS COMPANY, INC. (Exact name of obligor as specified in its charter) Indiana 35-0793669 (State of Incorporation) (I.R.S. Employer Identification No.) 1630 N. Meridian Street Indianapolis, Indiana 46202 (Address of Principal Executive Offices) (Zip Code) Debt Securities (Title of Indenture Securities) -1- 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. Comptroller of the Currency Washington, D.C. (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. See Note following Item 16. Items 3-15. Items 3 - 15 are not applicable because, to the best of the Trustee's knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee. Item 16. LIST OF EXHIBITS List below all exhibits filed as a part of this statement of eligibility. 1. Copy of Articles of Incorporation.* 2. Copy of Certificate of Authority to Commence Business.** 3. Authorization of the Trustee to exercise corporate trust powers (included in Exhibits 1 and 2; no separate instrument).** 4. Copy of existing By-Laws.*** 5. Not applicable. 6. The consents of the Trustee required by Section 321(b) of the Act. -2- 7. 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. - -------- * INCORPORATED BY REFERENCE TO FILE NUMBER 333-19025 ** INCORPORATED BY REFERENCE TO FILE NUMBER 33-64175 *** INCORPORATED BY REFERENCE TO FILE NUMBER 333-26727 NOTE The answers to this statement insofar as such answers relate to what persons have been underwriters for any securities of the obligors within three years prior to the date of filing this statement, or what persons are owners of 10% or more of the voting securities of the obligors or affiliates, are based upon information furnished to the Trustee by the obligors. While the Trustee has no reason to doubt the accuracy of any such information, it cannot accept any responsibility therefor. -3- SIGNATURE Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee, First Trust National Association, an Association organized and existing under the laws of the United States, 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 30th day of October, 1997. FIRST TRUST NATIONAL ASSOCIATION /s/ Steven E. Charles -------------------------------- Steven E. Charles Vice President ATTEST: /s/ David S. Vick - --------------------------------------- David S. Vick Assistant Secretary -4- EXHIBIT 6 CONSENT In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, FIRST TRUST NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor. Dated: October 30, 1997 FIRST TRUST NATIONAL ASSOCIATION /s/ Steven E. Charles ---------------------------------- Steven E. Charles Vice President -5-