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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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)
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DEUTSCHE BANK TRUST COMPANY AMERICAS
(FORMERLY BANKERS TRUST COMPANY)
(Exact name of trustee as specified in its charter)
NEW YORK 13-4941247
(Jurisdiction of Incorporation or (I.R.S. Employer
organization if not a U.S. national bank) Identification no.)
60 WALL STREET
NEW YORK, NEW YORK 10005
(Address of principal (Zip Code)
executive offices)
DEUTSCHE BANK TRUST COMPANY AMERICAS
ATTENTION: WILL CHRISTOPH
LEGAL DEPARTMENT
1301 6TH AVENUE, 8TH FLOOR
NEW YORK, NEW YORK 10019
(212) 469-0378
(Name, address and telephone number of agent for service)
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Florida Power & Light Company
(Exact name of Obligor as specified in its charter)
FLORIDA 59-0247775
(State or other jurisdiction (IRS Employer Identification No.)
of incorporation or organization)
700 Universe Boulevard
Juno Beach, Florida 33408
(561) 694-4000
(Address of principal executive offices)
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First Mortgage Bonds
(Title of 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
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Federal Reserve Bank (2nd District) New York, NY
Federal Deposit Insurance Corporation Washington, D.C.
New York State Banking Department Albany, NY
(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 3.-15. NOT APPLICABLE
ITEM 16. LIST OF EXHIBITS.
EXHIBIT 1 - Restated Organization Certificate of
Bankers Trust Company dated August 6, 1998,
Certificate of Amendment of the Organization
Certificate of Bankers Trust Company dated
September 25, 1998, Certificate of Amendment
of the Organization Certificate of Bankers
Trust Company dated December 16, 1998, and
Certificate of Amendment of the Organization
Certificate of Bankers Trust Company dated
February 22, 2002 - Incorporated herein by
reference to Exhibit 1 filed with Form T-1
Statement, Registration No. 333-102172.
EXHIBIT 2 - Certificate of Authority to commence
business - Incorporated herein by reference
to Exhibit 2 filed with Form T-1 Statement,
Registration No. 33-21047.
EXHIBIT 3 - Authorization of the Trustee to exercise
corporate trust powers - Incorporated herein
by reference to Exhibit 2 filed with Form
T-1 Statement, Registration No. 33-21047.
EXHIBIT 4 - Existing By-Laws of Bankers Trust
Company, as amended on April 15, 2002 -
Incorporated herein by reference to Exhibit
4 filed with Form T-1 Statement,
Registration No. 333-102172.
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EXHIBIT 5 - Not applicable.
EXHIBIT 6 - Consent of Bankers Trust Company required by Section
321(b) of the Act. - Incorporated herein by reference to
Exhibit 4 filed with Form T-1 Statement, Registration No.
22-18864.
EXHIBIT 7 - The latest report of condition of Deutsche Bank Trust
Company Americas dated as of December 31, 2003. Copy
attached.
EXHIBIT 8 - Not Applicable.
EXHIBIT 9 - Not Applicable.
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SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as
amended, the trustee, Deutsche Bank Trust Company Americas, 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 this 2nd day of June 2004.
DEUTSCHE BANK TRUST COMPANY AMERICAS
By: /s/ Irina Golovashchuk
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Irina Golovashchuk
Associate
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DEUTSCHE BANK TRUST COMPANY AMERICAS FFIEC 031
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Legal Title of Bank 11
NEW YORK
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City
NY 10005-2858
State Zip Code
FDIC Certificate Number - 00623
CONSOLIDATED REPORT OF CONDITION FOR INSURED COMMERCIAL
AND STATE-CHARTERED SAVINGS BANKS FOR DECEMBER 31, 2003
All schedules are to be reported in thousands of dollars. Unless otherwise
indicated, reported the amount outstanding as of the last business day of the
quarter.
SCHEDULE RC--BALANCE SHEET
Dollar Amounts
in Thousands | RCFD
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ASSETS | / / / / / / / / / / |
1. Cash and balances due from depository institutions (from Schedule RC-A): | / / / / / / / / / |
a. Noninterest-bearing balances and currency and coin (1) ............................ | 0081 2,035,000 |1.a.
b. Interest-bearing balances (2) ..................................................... | 0071 94,000 |1.b.
2. Securities: | / / / / / / / / / / |
a. Held-to-maturity securities (from Schedule RC-B, column A) ....................... | 1754 0 |2.a.
b. Available-for-sale securities (from Schedule RC-B, column D)...................... | 1773 59,000 |2.b.
3. Federal funds sold and securities purchased under agreements to resell................. | RCON |3.
a. Federal funds sold in domestic offices............................................ | B987 378,000 |3.a
| RCFD |
b. Securities purchased under agreements to resell (3)................................ | B989 7,188,000 |3.b
4. Loans and lease financing receivables (from Schedule RC-C): | / / / / / / / / / / |
a. Loans and leases held for sale | 5369 0 |4.a.
b. Loans and leases, net unearned income..........................B528 10,097,000 | / / / / / / // / / |4.b.
c. LESS: Allowance for loan and lease losses ...................3123 406,000 | / / / / / / / / / |4.c.
d. Loans and leases, net of unearned income and | / / / / / / / / / / / / / |
allowance (item 4.b minus 4.c) .................................................. B529 6,419,000 |4.d.
5. Trading Assets (from schedule RC-D) ................................................. | 3545 11,746,000 |5.
6. Premises and fixed assets (including capitalized leases) ............................. | 2145 319,000 |6.
7. Other real estate owned (from Schedule RC-M) ......................................... | 2150 39,000 |7.
8. Investments in unconsolidated subsidiaries and associated companies
(from Schedule RC-M) | 2130 3,043,000 |8.
9. Customers' liability to this bank on acceptances outstanding ......................... | 2155 0 |9.
10. Intangible assets .................................................................... | / / / / / / / / / / / |
a. Goodwill.................. ..................................................... | 3163 0 |10.a.
b. Other intangible assets (from Schedule RC-M) | 0426 28,000 |10.b
11. Other assets (from Schedule RC-F) ..................................................... | 2160 2,720,000 |11.
12. Total assets (sum of items 1 through 11) .............................................. | 2170 34,068,000 |12.
<FN>
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(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 in domestic and foreign offices,
regardless of maturity.
</FN>
DEUTSCHE BANK TRUST COMPANY AMERICAS FFIEC 031
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Legal Title of Bank
12
FDIC Certificate Number - 00623
SCHEDULE RC--CONTINUED
Dollar Amounts in Thousands
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LIABILITIES
13. Deposits: | // / / / / / / / / / / / |
a. In domestic offices (sum of totals of columns A and C from Schedule RC-E, part I) | RCON 2200 7,962,000 |13.a.
(1) Noninterest-bearing(1) ................................. RCON 6631 3,050,000 | / / / / / / / / / / / / |13.a.(1)
(2) Interest-bearing ........................................ RCON 6636 6,784,000 | / / / / / / / / / / / / |13.a.(2)
b. In foreign offices, Edge and Agreement subsidiaries, and IBFs | / / / / / / / / / / / / / |
(from Schedule RC-E part II) | RCFN 2200 7,180,000 |13.b.
(1) Noninterest-bearing ................................. RCFN 6631 1,814,000 |/ / / / / / / / / / / / / |13.b.(1)
(2) Interest-bearing .................................... RCFN 6636 7,609,000 |/ / / / // / / / / / / / |13.b.(2)
14. Federal funds purchased and securities sold under agreements to repurchase: | RCON |
a. Federal Funds purchased in domestic offices (2)...................... | B993 7,574,000 |14.a
| RCFD |
b. Securities sold under agreements to repurchase (3).................. | 8995 0 |14.b
15. Trading liabilities (from Schedule RC-D)................................. | RCFD 3548 1,425,000 |15.
16. Other borrowed money (includes mortgage indebtedness and obligations under
capitalized leases): | / / / / / / / / / / / / /|
(from Schedule RC-M): | RCFD 3190 83.000 |16.
| A548
17. Not Applicable. | / / / / / / / / // / / |17.
18. Bank's liability on acceptances executed and outstanding ................ | RCFD 2920 0 |18.
19. Subordinated notes and debentures (2).................................... | RCFD 3200 9,000 |19.
20. Other liabilities (from Schedule RC-G) .................................. | RCFD 2930 2,004,000 |20.
21. Total liabilities (sum of items 13 through 20) .......................... | RCFD 2948 26,237,000 |21.
22. Minority interest in consolidated subsidiaries | RCFD 3000 627,000 |22.
| / / / / / / / / / / / / |
EQUITY CAPITAL | / / / / / / / / / / / / |
23. Perpetual preferred stock and related surplus ........................... | RCFD 3838 1,500,000 |23.
24. Common stock ............................................................ | RCFD 3230 2,127,000 |24.
25. Surplus (exclude all surplus related to preferred stock) ................ | RCFD 3839 584,000 |25.
26. a. Retained earnings .................................................. | RCFD 3632 2,968,000 |26.a.
b. Accumulated other comprehensive Income (3) ......................... | RCFD B530 25,000 |26.b.
27. Other equity capital components (4) ..................................... | RCFD A130 0 |27.
28. Total equity capital (sum of items 23 through 27) ....................... | RCFD 3210 7,204,000 |28.
29. Total liabilities, minority interest, and equity capital
(sum of items 21, 22, and 28).................................... | RCFD 3300 34,068,000 |29.
|_________________|
Memorandum
To be reported only 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 Number
performed for the bank by independent external -----------------------------------
auditors as of any date during 2001......................................| RCFD 6724 N/A | M.1
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1 = Independent audit of the bank conducted in accordance 5 = Directors' examination of the bank performed by other
with generally accepted auditing standards by a certified external auditors (may be required by state chartering
public accounting firm which submits a report on the bank authority)
2 = Independent audit of the bank's parent holding company 6 = Review of the bank's financial statements by external
conducted in accordance with generally accepted auditing auditors
standards by a certified public accounting firm which 7 = Compilation of the bank's financial statements by
submits a report on the consolidated holding company external auditors
(but not on the bank separately) 8 = Other audit procedures (excluding tax preparation work)
3 = Attestation on bank management's assertion on the 9 = No external audit work
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)
<FN>
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(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 in domestic and foreign
offices, 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,
cumulative foreign currency translation adjustments, and minimum
pension liability adjustments.
(6) Includes treasury stock and unearned Employee Stock Plan shares.
</FN>