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EXHIBIT 25
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
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CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF
A TRUSTEE PURSUANT TO SECTION 305(b)(2) ________
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JPMORGAN CHASE BANK
(Exact name of trustee as specified in its charter)
NEW YORK 13-4994650
(State of incorporation (I.R.S. employer
if not a national bank) identification No.)
270 PARK AVENUE
NEW YORK, NEW YORK 10017
(Address of principal executive offices) (Zip Code)
William H. McDavid
General Counsel
270 Park Avenue
New York, New York 10017
Tel: (212) 270-2611
(Name, address and telephone number of agent for service)
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CONSUMERS ENERGY COMPANY
(Exact name of obligor as specified in its charter)
MICHIGAN 38-0442310
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification No.)
ONE ENERGY PLAZA
JACKSON, MICHIGAN 49201
(Address of principal executive offices) (Zip Code)
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$250,000,000 4.25% First Mortgage Bonds due 2008, Series C
$375,000,000 5.375% First Mortgage Bonds due 2013, Series D
$250,000,000 4.00% First Mortgage Bonds due 2010, Series F
$200,000,000 4.80% First Mortgage Bonds due 2010, Series H
$200,000,000 6.00% First Mortgage Bonds due 2014, Series J
(Title of the indenture securities)
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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.
New York State Banking Department, State House, Albany, New York
12110.
Board of Governors of the Federal Reserve System, Washington,
D.C., 20551
Federal Reserve Bank of New York, District No. 2, 33 Liberty
Street, New York, N.Y.
Federal Deposit Insurance Corporation, Washington, D.C., 20429.
(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.
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Item 16. List of Exhibits
List below all exhibits filed as a part of this Statement of
Eligibility.
1. A copy of the Restated Organization Certificate of the Trustee and
the Certificate of Amendment dated November 9, 2001 (see Exhibit 1 to Form T-1
filed in connection with Registration Statement No. 333-73746 which is
incorporated by reference).
2. A copy of the Certificate of Authority of the Trustee to Commence
Business (see Exhibit 2 to Form T-1 filed in connection with Registration
Statement No. 33-50010, which is incorporated by reference). On November 11,
2001, in connection with the merger of The Chase Manhattan Bank and Morgan
Guaranty Trust Company of New York, the surviving corporation was renamed
JPMorgan Chase Bank.
3. None, authorization to exercise corporate trust powers being
contained in the documents identified above as Exhibits 1 and 2.
4. A copy of the existing By-Laws of the Trustee (see Exhibit 4 to
Form T-1 filed in connection with Registration Statement No. 333-73746, which is
incorporated by reference).
5. Not applicable.
6. The consent of the Trustee required by Section 321(b) of the Act
(see Exhibit 6 to Form T-1 filed in connection with Registration Statement No.
33-50010, which is incorporated by reference). On November 11, 2001, in
connection with the merger of The Chase Manhattan Bank and Morgan Guaranty Trust
Company of New York, the surviving corporation, was renamed JPMorgan Chase Bank.
7. A 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.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939 the
Trustee, JPMorgan Chase Bank, 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 the 5th day of December 2003.
JPMORGAN CHASE BANK
By /s/ L.O'Brien
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/s/ L. O'Brien
Vice President
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Exhibit 7 to Form T-1
Bank Call Notice
RESERVE DISTRICT NO. 2
CONSOLIDATED REPORT OF CONDITION OF
JPMorgan Chase Bank
of 270 Park Avenue, New York, New York 10017
and Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System,
at the close of business September 30, 2003,
in accordance with a call made by the Federal Reserve
Bank of this District pursuant to the provisions of
the Federal Reserve Act.
DOLLAR AMOUNTS
ASSETS IN MILLIONS
Cash and balances due from depository institutions:
Noninterest-bearing balances and
currency and coin ....................................... $ 17,578
Interest-bearing balances ............................... 9,823
Securities:
Held to maturity securities................................... 210
Available for sale securities................................. 57,792
Federal funds sold and securities purchased under
agreements to resell ....................................
Federal funds sold in domestic offices 9,491
Securities purchased under agreements to resell 91,241
Loans and lease financing receivables:
Loans and leases held for sale........................... 35,681
Loans and leases, net of unearned income $170,168
Less: Allowance for loan and lease losses 3,448
Loans and leases, net of unearned income and
allowance................................................ 166,720
Trading Assets................................................ 178,938
Premises and fixed assets (including capitalized leases)...... 6,057
Other real estate owned....................................... 110
Investments in unconsolidated subsidiaries and
associated companies..................................... 732
Customers' liability to this bank on acceptances
outstanding ............................................. 260
Intangible assets
Goodwill.............................................. 2,198
Other Intangible assets............................... 4,096
Other assets ................................................. 57,193
TOTAL ASSETS ................................................. $ 638,120
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LIABILITIES
Deposits
In domestic offices ..................................... $ 188,866
Noninterest-bearing .............................$ 76,927
Interest-bearing ................................ 111,939
In foreign offices, Edge and Agreement
subsidiaries and IBF's .................................. 124,493
Noninterest-bearing..............................$ 6,439
Interest-bearing ................................ 118,054
Federal funds purchased and securities sold under agree-
ments to repurchase:
Federal funds purchased in domestic offices 4,679
Securities sold under agreements to repurchase 82,206
Trading liabilities .......................................... 136,012
Other borrowed money (includes mortgage indebtedness
and obligations under capitalized leases)................ 24,937
Bank's liability on acceptances executed and outstanding...... 260
Subordinated notes and debentures ............................ 8,040
Other liabilities ............................................ 31,270
TOTAL LIABILITIES ............................................ 600,763
Minority Interest in consolidated subsidiaries ............... 358
EQUITY CAPITAL
Perpetual preferred stock and related surplus................. 0
Common stock ................................................. 1,785
Surplus (exclude all surplus related to preferred stock)..... 16,306
Retained earnings............................................. 18,875
Accumulated other comprehensive income........................ 33
Other equity capital components............................... 0
TOTAL EQUITY CAPITAL ......................................... 36,999
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TOTAL LIABILITIES, MINORITY INTEREST, AND EQUITY CAPITAL $ 638,120
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I, Joseph L. Sclafani, E.V.P. & Controller of the above-named bank, do hereby
declare that this Report of Condition has been prepared in conformance with the
instructions issued by the appropriate Federal regulatory authority and is true
to the best of my knowledge and belief.
JOSEPH L. SCLAFANI
We, the undersigned directors, attest to the correctness of this Report of
Condition and 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
issued by the appropriate Federal regulatory authority and is true and correct.
WILLIAM B. HARRISON, JR. )
LAWRENCE A. BOSSIDY ) DIRECTORS
ELLEN V. FUTTER )