1
EXHIBIT 25.2
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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CITIBANK, N.A.
(Exact name of trustee as specified in its charter)
13-5266470
(I.R.S. employer
identification no.)
399 Park Avenue, New York, New York 10043
(Address of principal executive office) (Zip Code)
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Michigan Consolidated Gas Company
(Exact name of obligor as specified in its charter)
Michigan 38-0478040
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
500 Griswold Street
Detroit, Michigan 48226
(Address of principal executive offices) (Zip Code)
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FIRST MORTGAGE BONDS
(Title of the indenture securities)
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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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Comptroller of the Currency Washington, D.C.
Federal Reserve Bank of New York New York, NY
33 Liberty Street
New York, NY
Federal Deposit Insurance Corporation Washington, D.C.
(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.
List below all exhibits filed as a part of this Statement of
Eligibility.
Exhibits identified in parentheses below, on file with the
Commission, are incorporated herein by reference as exhibits
hereto.
Exhibit 1 - Copy of Articles of Association of the Trustee, as
now in effect. (Exhibit 1 to T-1 to Registration Statement No.
2-79983)
Exhibit 2 - Copy of certificate of authority of the Trustee to
commence business. (Exhibit 2 to T-1 to Registration Statement
No. 2-29577).
Exhibit 3 - Copy of authorization of the Trustee to exercise
corporate trust powers. (Exhibit 3 to T-1 to Registration
Statement No. 2-55519)
Exhibit 4 - Copy of existing By-Laws of the Trustee. (Exhibit
4 to T-1 to Registration Statement No. 33-34988)
Exhibit 5 - Not applicable.
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Exhibit 6 - The consent of the Trustee required by Section
321(b) of the Trust Indenture Act of 1939. (Exhibit 6 to T-1
to Registration Statement No. 33-19227.)
Exhibit 7 - Copy of the latest Report of Condition of
Citibank, N.A. (as of March 31, 2001-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, the
Trustee, Citibank, N.A., a national 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, all in The City of New York and State of New York, on the 11th day
of June, 2001.
CITIBANK, N.A.
By /s/Wafaa Orfy
-----------------------------------
Wafaa Orfy
Assistant Vice President
4
Charter No. 1461
Comptroller of the Currency
Northeastern District
REPORT OF CONDITION
CONSOLIDATED
DOMESTIC AND FOREIGN
SUBSIDIARIES OF
CITIBANK, N.A.
OF NEW YORK IN THE STATE OF NEW YORK, AT THE CLOSE OF BUSINESS ON MARCH 31,
2001, PUBLISHED IN RESPONSE TO CALL MADE BY COMPTROLLER OF THE CURRENCY, UNDER
TITLE 12, UNITED STATES CODE, SECTION 161. CHARTER NUMBER 1461 COMPTROLLER OF
THE CURRENCY NORTHEASTERN DISTRICT.
ASSETS
THOUSANDS
OF DOLLARS
------------
Cash & balances due:
Noninterest-bearing balances .......................... 8,899,000
Interest-bearing balances ............................. 21,247,000
Securities:
Held-to-Maturity securities ........................... 0
Available-for-sale securities ......................... 39,868,000
Federal funds sold .................................... 11,252,000
Loans and leases held for sale ........................ 4,215,000
Loans and Leases, net of unearned
income ............................................. 242,480,000
LESS: Allowance for loan
and lease losses ................................... 4,544,000
Loans and leases, net of
earned income and allowance ........................ 237,936,000
Trading assets ........................................ 39,123,000
Premises and fixed assets ............................. 3,974,000
Other real estate owned ............................... 286,000
Investments in unconsolidated
subsidiaries ....................................... 867,000
Customers' liability
on acceptances outstanding ......................... 1,528,000
Intangible assets:
Goodwill .............................................. 2,273,000
Other intangible assets ............................... 3,595,000
Other assets .......................................... 20,806,000
------------
TOTAL ASSETS .......................................... 395,869,000
============
LIABILITIES
Deposits:
In domestic offices ................................... 71,054,000
Noninterest-bearing ................................ 12,620,000
Interest-bearing ................................... 58,434,000
In foreign offices .................................... 212,602,000
Noninterest-bearing ................................ 14,351,000
Interest-bearing ................................... 198,251,000
Federal funds purchased and
securities sold .................................... 6,932,000
Trading liabilities ................................... 29,238,000
Other borrowed money .................................. 23,697,000
Bank's liability on acceptances ....................... 1,528,000
Subordinated notes and
debentures ......................................... 8,675,000
Other liabilities ..................................... 14,481,000
------------
TOTAL LIABILITIES ..................................... 368,207,000
============
EQUITY CAPITAL
Perpetual preferred stock ............................. 0
Common stock .......................................... 751,000
Surplus ............................................... 11,554,000
Retained earnings ..................................... 15,961,000
Accumulated other
comprehensive income ............................... -813,000
Other equity capital components ....................... 0
------------
TOTAL EQUITY CAPITAL .................................. 27,453,000
------------
TOTAL LIABILITIES, MINORITY
INTEREST AND EQUITY
CAPITAL ............................................... 395,869,000
============
I, Roger W. Trupin, Controller of the above named bank do hereby declare that
this Report of Condition is true and correct to the best of my knowledge and
belief.
ROGER W. TRUPIN
CONTROLLER
We, the undersigned directors, attest to the correctness of this Report of
Condition. We 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 and
is true and correct.
VICTOR J. MENEZES
WILLIAM R. RHODES
ALAN S. MACDONALD
5
Charter No. 1461
Comptroller of the Currency
Northeastern District
REPORT OF CONDITION
CONSOLIDATED
DOMESTIC AND FOREIGN
SUBSIDIARIES OF
CITIBANK, N.A.
OF NEW YORK IN THE STATE OF NEW YORK, AT THE CLOSE OF BUSINESS ON MARCH 31,
2001, PUBLISHED IN RESPONSE TO CALL MADE BY COMPTROLLER OF THE CURRENCY, UNDER
TITLE 12, UNITED STATES CODE, SECTION 161. CHARTER NUMBER 1461 COMPTROLLER OF
THE CURRENCY NORTHEASTERN DISTRICT.
ASSETS
THOUSANDS
OF DOLLARS
Cash & balances due:
Noninterest-bearing balances .......................... 8,899,000
Interest-bearing balances ............................. 21,247,000
Securities:
Held-to-Maturity securities ........................... 0
Available-for-sale securities ......................... 39,868,000
Federal funds sold .................................... 11,252,000
Loans and leases held for sale ........................ 4,215,000
Loans and Leases, net of unearned
income ................................................ 242,480,000
LESS: Allowance for loan
and lease losses ...................................... 4,544,000
Loans and leases, net of
earned income and allowance ........................... 237,936,000
Trading assets ........................................ 39,123,000
Premises and fixed assets ............................. 3,974,000
Other real estate owned ............................... 286,000
Investments in unconsolidated
subsidiaries .......................................... 867,000
Customers' liability
on acceptances outstanding ............................ 1,528,000
Intangible assets:
Goodwill .............................................. 2,273,000
Other intangible assets ............................... 3,595,000
Other assets .......................................... 20,806,000
------------
TOTAL ASSETS .......................................... 395,869,000
============
LIABILITIES
Deposits:
In domestic offices ................................... 71,054,000
Noninterest-bearing ................................... 12,620,000
Interest-bearing ...................................... 58,434,000
In foreign offices .................................... 212,602,000
Noninterest-bearing ................................... 14,351,000
Interest-bearing ...................................... 198,251,000
Federal funds purchased and
securities sold ....................................... 6,932,000
Trading liabilities ................................... 29,238,000
Other borrowed money .................................. 23,697,000
Bank's liability on acceptances ....................... 1,528,000
Subordinated notes and
debentures ............................................ 8,675,000
Other liabilities ..................................... 14,481,000
------------
TOTAL LIABILITIES ..................................... 368,207,000
============
EQUITY CAPITAL
Perpetual preferred stock ............................. 0
Common stock .......................................... 751,000
Surplus ............................................... 11,554,000
Retained earnings ..................................... 15,961,000
Accumulated other
comprehensive income .................................. -813,000
Other equity capital components ....................... 0
------------
TOTAL EQUITY CAPITAL .................................. 27,453,000
------------
TOTAL LIABILITIES, MINORITY
INTEREST AND EQUITY
CAPITAL ............................................... 395,869,000
============
I, Roger W. Trupin, Controller of the above named bank do hereby declare that
this Report of Condition is true and correct to the best of my knowledge and
belief.
ROGER W. TRUPIN
CONTROLLER
We, the undersigned directors, attest to the correctness of this Report of
Condition. We 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 and
is true and correct.
VICTOR J. MENEZES
WILLIAM R. RHODES
ALAN S. MACDONALD