Exhibit 25.1
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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THE BANK OF NEW YORK
(Exact name of trustee as specified in its charter)
New York 13-5160382
(Jurisdiction of incorporation (I.R.S. Employer
if not a U.S. national bank) Identification No.)
48 Wall Street, New York, New York 10286
(Address of principal executive offices) (Zip code)
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ARIZONA PUBLIC SERVICE COMPANY
(Exact name of obligor as specified in its charter)
Arizona 86-0011170
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
400 North Fifth Street Phoenix, Arizona 85004
(Address of principal executive offices) (Zip code)
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First Mortgage Bonds*
(Title of the indenture securities)
*Specific title(s) to be determined in connection with sale(s) of First Mortgage
Bonds
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.
Superintendent of Banks of the 2 Rector Street, New York, N.Y. 10006
State of New York and Albany, N.Y. 12203
Federal Reserve Bank of New York 33 Liberty Plaza, New York, N.Y. 10045
Federal Deposit Insurance Corporation 550 17th Street, N.W.,
Washington, D.C. 20429
New York Clearing House Association New York, N.Y.
(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. (See Note on page 2.)
Item 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 Rule 24 of the
Commission's Rules of Practice.
1. - A copy of the Organization Certificate of The Bank of New York
(formerly Irving Trust Company) as now in effect, which contains
the authority to commence business and a grant of powers to
exercise corporate trust powers. (Exhibit 1 to Amendment No. 1 to
Form T-1 filed with Registration Statement No. 33-6215, Exhibits
1a and 1b to Form T-1 filed with Registration Statement No.
33-21672 and Exhibit 1 to Form T-1 filed with Registration
Statement No. 33-29637.)
4. - A copy of the existing By-laws of the Trustee. (Exhibit 4 to
Form T-1 filed with Registration Statement No. 33-31019.)
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.
33-44051.)
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.
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*Pursuant to General Instruction B, the Trustee has responded only to Items
1, 2 and 16 of this form since to the best of the knowledge of the Trustee the
obligor is not in default under any indenture under which the Trustee is a
trustee.
NOTE
Inasmuch as this Form T-1 is being filed prior to the ascertainment by the
Trustee of all facts on which to base a responsive answer to Item 2, the answer
to said Item is based on incomplete information.
Item 2 may, however, be considered as correct unless amended by an amendment
to this Form T-1.
SIGNATURE
Pursuant to the requirements of the Act, the Trustee, The Bank of New York,
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 14th day of November, 1995.
THE BANK OF NEW YORK
By: ROBERT F. MCINTYRE
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Robert F. McIntyre
Assistant Vice President
EXHIBIT 7
(Page 1 of 3)
Consolidated Report of Condition of
THE BANK OF NEW YORK
of 48 Wall Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries, a member of the Federal Reserve
System, at the close of business June 30, 1995, published 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 Thousands
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Cash and balances due from
depository institutions:
Noninterest-bearing balances
and currency and coin ................................ $ 3,025,419
Interest-bearing balances ............................... 881,413
Securities:
Held-to-maturity securities ............................. 1,242,368
Available-for-sale securities ........................... 1,774,079
Federal funds sold in domestic
offices of the bank ..................................... 5,503,445
Securities purchased under
agreements to resell .................................... 200,634
Loans and lease financing
receivables:
Loans and leases, net of unearned
income .................26,599,533
LESS: Allowance for loan and
lease losses ..............516,283
Loans and leases, net of unearned
income and allowance ................................ 26,083,250
Assets held in trading accounts ........................... 1,455,639
Premises and fixed assets (including
capitalized leases) ..................................... 612,547
Other real estate owned ................................... 79,667
Investments in unconsolidated subsid-
iaries and associated companies ......................... 198,737
Customers' liability to the bank on
acceptances outstanding ................................. 1,111,464
Intangible assets ......................................... 105,263
Other assets .............................................. 1,237,264
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Total assets .............................................. $43,511,189
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EXHIBIT 7
(Page 2 of 3)
LIABILITIES
Deposits:
In domestic offices ..................................... $ 19,233,885
Noninterest-bearing ..... 7,677,954
Interest-bearing ........11,555,931
In foreign offices, Edge and
Agreement subsidiaries, and IBFs ........................ 12,641,676
Noninterest-bearing .........72,479
Interest-bearing ........12,569,197
Federal funds purchased and securities
sold under agreements to repurchase
in domestic offices of the bank and
of its Edge and Agreement subsid-
iaries, and in IBFs:
Federal funds purchased ................................. 1,747,659
Securities sold under agreements
to repurchase ......................................... 73,553
Demand notes issued to the U.S.
Treasury ................................................ 300,000
Trading liabilities ....................................... 738,317
Other borrowed money:
With original maturity of one year or less .............. 1,586,443
With original maturity of more than
one year .............................................. 220,877
Bank's liability on acceptances
executed and outstanding .............................. 1,113,102
Subordinated notes and debentures ......................... 1,053,860
Other liabilities ......................................... 1,489,252
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Total liabilities ......................................... 40,198,624
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EQUITY CAPITAL
Common stock .............................................. 942,284
Surplus ................................................... 525,666
Undivided profits and capital
reserves ................................................ 1,849,221
Net unrealized holding gains (losses)
on available-for-sale securities ........................ ( 662)
Cumulative foreign currency
translation adjustments ................................. ( 3,944)
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Total equity capital ...................................... 3,312,565
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Total liabilities and equity capital ...................... $ 43,511,189
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EXHIBIT 7
(Page 3 of 3)
I, Robert E. Keilman, Senior Vice President and 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 Board of Governors
of the Federal Reserve System and is true to the best of my knowledge and
belief.
Robert E. Keilman
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 Board of Governors of the Federal Reserve System and is true and
correct.
J. Carter Bacot )
Thomas A. Renyi ) Directors
Samuel F. Chevalier)