EXHIBIT 25
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
(Exact name of trustee as specified in its charter)
NEW YORK 13-5160382
(State of incorporation (I.R.S. employer
if not a national bank) identification no.)
ONE WALL STREET, NEW YORK, N.Y. 10286
(Address of principal executive (Zip code)
offices)
JERSEY CENTRAL POWER & LIGHT COMPANY
(Exact name of obligor as specified in its charter)
NEW JERSEY 21-0485010
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification No.)
C/O FIRSTENERGY CORP.
76 SOUTH MAIN STREET
AKRON, OHIO
(Address of principal executive 44308
offices) (Zip code)
5.625% Exchange Senior Notes due 2016
-------------------------------------
(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
- ----------------------------------- -------------------------------------
Superintendent of Banks of the 2 Rector Street,
State of New York New York, N.Y. 10006, and
Albany, N.Y. 12203
Federal Reserve Bank of New York 33 Liberty Plaza,
New York, N.Y. 10045
Federal Deposit Insurance Washington, D.C. 20429
Corporation
New York Clearing House Association New York, New York 10005
(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 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.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939 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 September, 2004.
THE BANK OF NEW YORK
By: /s/ PATRICIA GALLAGHER
--------------------------------
Patricia Gallagher
Vice President
EXHIBIT 7
Consolidated Report of Condition of
THE BANK OF NEW YORK
of One 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, 2004,
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
IN THOUSANDS
--------------
ASSETS
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin $ 2,954,963
Interest-bearing balances 10,036,895
Securities:
Held-to-maturity securities 1,437,899
Available-for-sale securities 20,505,806
Federal funds sold and securities purchased under
agreements to resell
Federal funds sold in domestic offices 5,482,900
Securities purchased under agreements to resell 838,105
Loans and lease financing receivables:
Loans and leases held for sale 48,034
Loans and leases, net of unearned income 38,299,913
LESS: Allowance for loan and lease losses 594,926
Loans and leases, net of unearned income and allowance 37,704,987
Trading Assets 2,986,727
Premises and fixed assets 957,249
(including capitalized leases)
Other real estate owned 374
Investments in unconsolidated subsidiaries and associated
companies 246,280
Customers' liability to this bank on acceptances outstanding 251,948
Intangible assets
Goodwill 2,699,812
Other intangible assets 755,311
Other assets 7,629,093
------------
Total assets $ 94,536,383
============
LIABILITIES
Deposits:
In domestic offices $ 36,481,716
Noninterest-bearing 15,636,690
Interest-bearing 20,845,026
In foreign offices, Edge and Agreement subsidiaries, and IBFs 25,163,274
Noninterest-bearing 413,981
Interest-bearing 24,749,293
Federal funds purchased and securities sold under
agreements to repurchase
Federal funds purchased in domestic offices 898,340
Securities sold under agreements to repurchase 721,016
Trading liabilities 2,377,862
Other borrowed money: 10,475,320
(includes mortgage indebtedness and obligations under
capitalized leases)
Not applicable
Bank's liability on acceptances executed and outstanding 254,569
Subordinated notes and debentures 2,422,807
Other liabilities 7,321,226
------------
Total liabilities $ 86,116,130
============
Minority interest in consolidated subsidiaries 139,967
EQUITY CAPITAL
Perpetual preferred stock and related surplus 0
Common stock 1,135,284
Surplus 2,082,308
Retained earnings 5,118,989
Accumulated other comprehensive income (56,295
Other equity capital components 0
Total equity capital 8,280,286
------------
Total liabilities, minority interest, and equity capital $ 94,536,383
============
I, Thomas J. Mastro, Senior Vice President and Comptroller 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.
Thomas J. Mastro,
Senior Vice President and
Comptroller
We, the undersigned directors, attest to the correctness of this statement
of resources and liabilities. 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.
Thomas A. Renyi
Gerald L. Hassell } Directors
Alan R. Griffith