Registration No.
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
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) X
-----
WILMINGTON TRUST COMPANY
(Exact name of trustee as specified in its charter)
Delaware 51-0055023
(State of incorporation) (I.R.S. employer identification no.)
Rodney Square North
1100 North Market Street
Wilmington, Delaware 19890
(Address of principal executive offices)
Cynthia L. Corliss
Vice President and Trust Counsel
Wilmington Trust Company
Rodney Square North
Wilmington, Delaware 19890
(302) 651-8516
(Name, address and telephone number of agent for service)
NORTHWESTERN PUBLIC SERVICE COMPANY
NWPS CAPITAL FINANCING II
(Exact name of obligor as specified in its charter)
Delaware 46-0172280
Delaware To be applied for
(State of incorporation) (I.R.S. employer identification no.)
33 Third Street S.E.
Huron, South Dakota 57350-1318
(Address of principal executive offices) (Zip Code)
Preferred Securities of NWPS Capital Financing II
(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.
Federal Deposit Insurance Co. State Bank Commissioner
Five Penn Center Dover, Delaware
Suite #2901
Philadelphia, PA
(b) Whether it is authorized to exercise corporate trust powers.
The trustee is authorized to exercise corporate trust powers.
ITEM 2. AFFILIATIONS WITH THE OBLIGOR.
If the obligor is an affiliate of the trustee, describe each
affiliation:
Based upon an examination of the books and records of the trustee
and upon information furnished by the obligor, the obligor is not
an affiliate of the trustee.
ITEM 3. LIST OF EXHIBITS.
List below all exhibits filed as part of this Statement of
Eligibility and Qualification.
A. Charter of Wilmington Trust Company, which includes the
certificate of authority of Wilmington Trust Company to commence
business and the authorization of Wilmington Trust Company to
exercise corporate trust powers. Said Charter is incorporated
herein by reference to Registration No. 22-21841/Pre-Effective
Amendment No. 3 to Form T-1 filed by Wilmington Trust Company in
May, 1992, with respect to Subordinated Notes due 2002 of
Supermarkets General Holdings Corporation.
B. By-Laws of Wilmington Trust Company. Said By-Laws are
incorporated herein by reference to Registration No. 22-
21841/Pre-Effective Amendment No. 3 to Form T-1 filed by
Wilmington Trust Company in May, 1992, with respect to
Subordinated Notes due 2002 of Supermarket Generals Holdings
Corporation.
C. Consent of Wilmington Trust Company required by Section 321(b) of
Trust Indenture Act.
D. Copy of most recent Report of Condition of Wilmington Trust
Company.
Pursuant to the requirements of the Trust Indenture Act of 1939, the
trustee, Wilmington Trust Company, a corporation organized and existing under
the laws of Delaware, has duly caused this Statement of Eligibility to be signed
on its behalf by the undersigned, thereunto duly authorized, all in the City of
Wilmington and State of Delaware on the 16th day of June, 1995.
WILMINGTON TRUST COMPANY
[SEAL]
Attest: /s/ Carolyn C. Daniels By: /s/ Emmett R. Harmon
----------------------- ----------------------
Assistant Secretary Name: Emmett R. Harmon
Title: Vice President
2
EXHIBIT C
SECTION 321(b) CONSENT
Pursuant to Section 321(b) of the Trust Indenture Act of 1939, Wilmington
Trust Company hereby consents that reports of examinations by Federal, State,
Territorial or District authorities may be furnished by such authorities to the
Securities Exchange Commission upon requests therefor.
WILMINGTON TRUST COMPANY
Dated: June 16, 1995 By: /s/ Emmett R. Harmon
-----------------------
Name: Emmett R. Harmon
Title: Vice President
EXHIBIT "D"
NOTICE
This form is intended to assist state nonmember banks and savings
banks with state publication requirements. It has not been approved
by any state banking authorities. Refer to your appropriate state
banking authorities for your state publication requirements.
REPORT OF CONDITION
Consolidating domestic subsidiaries of the
WILMINGTON TRUST COMPANY of WILMINGTON
- ---------------------------------------------------------- -----------------
Name of Bank City
in the State of DELAWARE , at the close of business on March 31, 1995.
-------------
ASSETS
Thousands of dollars
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coins . . . . . . . . . . . . . 224,132
Interest-bearing balances . . . . . . . . . . . . . . . . . . . . . . . . . . 0
Held-to-maturity securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . 866,133
Available-for-sale securities. . . . . . . . . . . . . . . . . . . . . . . . . . . 242,355
Federal funds sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,000
Securities purchased under agreements to resell. . . . . . . . . . . . . . . . . . 198,831
Loans and lease financing receivables:
Loans and leases, net of unearned income. . . . . . . 3,207,574
LESS: Allowance for loan and lease losses. . . . . . 45,956
LESS: Allocated transfer risk reserve. . . . . . . . 0
Loans and leases, net of unearned income, allowance, and
reserve. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,161,618
Assets held in trading accounts. . . . . . . . . . . . . . . . . . . . . . . . . . 0
Premises and fixed assets (including capitalized leases) . . . . . . . . . . . . . 69,039
Other real estate owned. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,430
Investments in unconsolidated subsidiaries and associated companies. . . . . . . . 2,481
Customers' liability to this bank on acceptances outstanding . . . . . . . . . . . 0
Intangible assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,917
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 94,393
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,883,329
CONTINUED ON NEXT PAGE
LIABILITIES
Deposits:
In domestic offices. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,075,750
Noninterest-bearing . . . . . . . . 595,708
Interest-bearing. . . . . . . . . . 2,480,042
Federal funds purchased. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 243,700
Securities sold under agreements to repurchase . . . . . . . . . . . . . . . . . . 230,426
Demand notes issued to the U.S. Treasury . . . . . . . . . . . . . . . . . . . . . 27,650
Trading liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0
Other borrowed money:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ///////
With original maturity of one year or less. . . . . . . . . . . . . . . . . . 820,000
With original maturity of more than one year. . . . . . . . . . . . . . . . . 0
Mortgage indebtedness and obligations under capitalized leases . . . . . . . . . . 1,887
Bank's liability on acceptances executed and outstanding . . . . . . . . . . . . . 0
Subordinated notes and debentures. . . . . . . . . . . . . . . . . . . . . . . . . 0
Other liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86,776
Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,486,189
Limited-life preferred stock and related surplus . . . . . . . . . . . . . . . . . 0
EQUITY CAPITAL
Perpetual preferred stock and related surplus. . . . . . . . . . . . . . . . . . 0
Common Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 500
Surplus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62,118
Undivided profits and capital reserves . . . . . . . . . . . . . . . . . . . . . 334,615
Net unrealized holding gains (losses) on available-for-sale
securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (93)
Total equity capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 397,140
Total liabilities, limited-life preferred stock, and equity capital. . . . . . . 4,883,329
We, the undersigned directors, attest to I, David R. Gibson
the correctness of this statement of ---------------------
resources and liabilities. We declare Name
that it has been examined by us, and
to the best of our knowledge and belief Senior Vice President
has been prepared in conformance with ---------------------
the instructions and is true and correct. Title
/s/ Richard R. Collins ] of the above-named bank
- -------------------------------------- ] do hereby declare that
] Directors this Report of Condition
/s/ Carolyn S. Burger ] is true and correct to
- -------------------------------------- ] the best of my knowledge
] and belief.
/s/ Thomas P. Sweeney ]
- -------------------------------------- ]
/s/ David R. Gibson
-------------------------
Signature
04/27/95
-------------------------
2