Exhibit 25c
================================================================================
FORM T-1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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) |__|
---------------------------
THE BANK OF NEW YORK TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)
95-3571558
(State of incorporation (I.R.S. employer
if not a U.S. national bank) identification no.)
700 South Flower Street
Suite 500
Los Angeles, California 90017
(Address of principal executive offices) (Zip code)
---------------------------
CMS Energy Corporation
(Exact name of obligor as specified in its charter)
Michigan 38-2726431
(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)
---------------------------
Guarantee of Trust Preferred Securities of CMS Energy Trust IV
(Title of the indenture securities)
================================================================================
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
- -------------------------------------------------------------------------------------------
Comptroller of the Currency
United States Department of the
Treasury Washington, D.C. 20219
Federal Reserve Bank San Francisco, California 94105
Federal Deposit Insurance Corporation Washington, D.C. 20429
(b) WHETHER IT IS AUTHORIZED TO EXERCISE CORPORATE TRUST POWERS.
Yes.
2. AFFILIATIONS WITH OBLIGOR.
IF THE OBLIGOR IS AN AFFILIATE OF THE TRUSTEE, DESCRIBE EACH SUCH
AFFILIATION.
None.
16. LIST OF EXHIBITS.
EXHIBITS IDENTIFIED IN PARENTHESES BELOW, ON FILE WITH THE COMMISSION,
ARE INCORPORATED HEREIN BY REFERENCE AS AN EXHIBIT HERETO, PURSUANT TO
RULE 7A-29 UNDER THE TRUST INDENTURE ACT OF 1939 (THE "ACT") AND 17
C.F.R. 229.10(d).
1. A copy of the articles of association of The Bank of New York
Trust Company, N.A. (Exhibit 1 to Form T-1 filed with
Registration Statement No. 333-121948).
2. A copy of certificate of authority of the trustee to commence
business. (Exhibit 2 to Form T-1 filed with Registration
Statement No. 333-121948).
3. A copy of the authorization of the trustee to exercise
corporate trust powers. (Exhibit 3 to Form T-1 filed with
Registration Statement No. 333-121948).
4. A copy of the existing by-laws of the trustee. (Exhibit 4 to
Form T-1 filed with Registration Statement No. 333-121948).
-2-
6. The consent of the trustee required by Section 321(b) of the
Act. (Exhibit 6 to Form T-1 filed with Registration Statement
No. 333-121948).
7. A copy of the latest report of condition of the Trustee
published pursuant to law or to the requirements of its
supervising or examining authority.
-3-
SIGNATURE
Pursuant to the requirements of the Act, the trustee, The Bank of New
York Trust Company, N.A., a 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 Chicago, and State of Illinois, on the 3rd day of
June, 2005.
THE BANK OF NEW YORK TRUST
COMPANY, N.A.
By: /S/ D.G. DONOVAN
--------------------------
Name: D.G. DONOVAN
Title: VICE PRESIDENT
-4-
EXHIBIT 7
Consolidated Report of Condition of
THE BANK OF NEW YORK TRUST COMPANY, N.A.
of 700 S. Flower Street, 2nd Floor, Los Angeles, CA 90017
At the close of business March 31, 2005, published in accordance with
Federal regulatory authority instructions.
Dollar Amounts
in Thousands
ASSETS
Cash and balances due from
depository institutions:
Noninterest-bearing balances
and currency and coin ............................................... 9,100
Interest-bearing balances ............................................. 0
Securities:
Held-to-maturity securities ........................................... 75
Available-for-sale securities ......................................... 57,298
Federal funds sold and securities purchased under agreements to resell:
Federal funds sold .................................................... 19,000
Securities purchased under agreements to resell ....................... 95,000
Loans and lease financing receivables:
Loans and leases held for sale ........................................ 0
Loans and leases,
net of unearned income .............................................. 0
LESS: Allowance for loan and
lease losses ........................................................ 0
Loans and leases, net of unearned
income and allowance ................................................ 0
Trading assets ................................................................. 0
Premises and fixed assets (including
capitalized leases) ................................................... 3,876
Other real estate owned ........................................................ 0
Investments in unconsolidated
subsidiaries and associated
companies ............................................................. 0
Customers' liability to this bank
on acceptances outstanding ............................................ 0
Intangible assets:
Goodwill ................................................................. 240,005
Other Intangible Assets .................................................. 17,839
Other assets ................................................................... 34,344
--------
Total assets ................................................................... $476,537
========
1
LIABILITIES
Deposits:
In domestic offices ................................................... 7,502
Noninterest-bearing ................................................... 7,502
Interest-bearing ...................................................... 0
Not applicable
Federal funds purchased and securities
sold under agreements to repurchase:
Federal funds purchased ............................................... 0
Securities sold under agreements to repurchase ........................ 0
Trading liabilities ............................................................ 0
Other borrowed money:
(includes mortgage indebtedness
and obligations under capitalized
leases) ............................................................... 58,000
Not applicable
Bank's liability on acceptances
executed and outstanding ............................................ 0
Subordinated notes and debentures .............................................. 0
Other liabilities .............................................................. 51,452
Total liabilities .............................................................. $ 116,954
=========
Minority interest in consolidated subsidiaries ................................. 0
EQUITY CAPITAL
Perpetual preferred stock and related surplus .................................. 0
Common stock ................................................................... 1,000
Surplus ........................................................................ 294,125
Retained earnings .............................................................. 64,622
Accumulated other comprehensive
income ................................................................ (164)
---------
Other equity capital components ................................................ 0
---------
Total equity capital ........................................................... $ 359,583
---------
Total liabilities, minority interest, and equity capital ....................... $ 476,537
=========
I, Thomas J. Mastro, Comptroller 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.
Thomas J. Mastro ) Comptroller
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.
Richard G. Jackson )
Nicholas C. English ) Directors
Karen B. Shupenko )
2