EXHIBIT 25.1
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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) [ ]
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THE BANK OF NEW YORK
(Exact name of trustee as specified in its charter)
NEW YORK 00-0000000
(State of incorporation (I.R.S. employer identification no.)
if not a U.S. national bank)
XXX XXXX XXXXXX, XXX XXXX, X.X. 00000
(Address of principal executive offices) (Zip code)
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SOUTHERN NATURAL GAS COMPANY
(Exact name of obligor as specified in its charter)
DELAWARE 00-0000000
(State or other jurisdiction of (I.R.S. employer identification no.)
incorporation or organization)
EL PASO BUILDING 77002
0000 XXXXXXXXX XXXXXX (Zip code)
HOUSTON, TEXAS
(Address of principal executive offices)
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8 7/8% NOTES DUE 2010
(Title of the indenture securities)
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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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Superintendent of Banks of the 0 Xxxxxx Xxxxxx, Xxx Xxxx, X.X. 00000,
Xxxxx of New York and Albany, N.Y. 12203
Federal Reserve Bank of New York 00 Xxxxxxx Xxxxx, Xxx Xxxx, X.X. 00000
Federal Deposit Insurance Corporation Washington, D.C. 20429
New York Clearing House Association Xxx Xxxx, Xxx Xxxx 00000
(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 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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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 21st day of April, 2003.
THE BANK OF NEW YORK
By: /s/ VAN X. XXXXX
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Name: Van X. Xxxxx
Title: Vice President
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EXHIBIT 7
CONSOLIDATED REPORT OF CONDITION OF
THE BANK OF NEW YORK
OF XXX XXXX XXXXXX, XXX XXXX, X.X. 00000
AND FOREIGN AND DOMESTIC SUBSIDIARIES,
a member of the Federal Reserve System, at the close of business December 31,
2002, 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
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ASSETS
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin........ $ 4,706,760
Interest-bearing balances................................. 4,418,381
Securities:
Held-to-maturity securities............................... 954,049
Available-for-sale securities............................. 16,118,007
Federal funds sold in domestic offices...................... 460,981
Securities purchased under agreements to resell............. 837,242
Loans and lease financing receivables:
Loans and leases held for sale............................ 765,097
Loans and leases, net of unearned Income.................. 31,906,960
LESS: Allowance for loan and lease losses................. 798,223
Loans and leases, net of unearned income and allowance.... 31,108,737
Trading Assets.............................................. 6,969,387
Premises and fixed assets (including capitalized leases).... 823,932
Other real estate owned..................................... 660
Investments in unconsolidated subsidiaries and associated
companies................................................. 238,412
Customers' liability to this bank on acceptances
outstanding............................................... 307,039
Intangible assets
Goodwill.................................................. 2,003,150
Other intangible assets................................... 74,880
Other assets................................................ 5,161,558
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Total assets................................................ $74,948,272
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DOLLAR AMOUNTS
IN THOUSANDS
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LIABILITIES
Deposits:
In domestic offices....................................... $33,108,526
Noninterest-bearing....................................... 13,141,240
Interest-bearing.......................................... 19,967,286
In foreign offices, Edge and Agreement subsidiaries, and
IBFs................................................... 22,650,772
Noninterest-bearing....................................... 203,426
Interest-bearing.......................................... 22,447,346
Federal funds purchased in domestic offices................. 513,773
Securities sold under agreements to repurchase.............. 334,896
Trading liabilities......................................... 2,673,823
Other borrowed money:
(includes mortgage indebtedness and obligations under
capitalized leases)....................................... 644,395
Bank's liability on acceptances executed and outstanding.... 308,261
Subordinated notes and debentures........................... 2,090,000
Other liabilities........................................... 5,584,456
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Total liabilities........................................... $67,908,902
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Minority interest in consolidated subsidiaries.............. 519,470
EQUITY CAPITAL
Perpetual preferred stock and related surplus............... 0
Common stock................................................ 1,135,284
Surplus..................................................... 1,056,295
Retained earnings........................................... 4,208,213
Accumulated other comprehensive income...................... (120,108)
Other equity capital components............................. 0
Total equity capital........................................ 6,519,900
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Total liabilities minority interest and equity capital...... $74,948,272
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I, Xxxxxx X. Xxxxxx, 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.
Xxxxxx X. Xxxxxx,
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.
Xxxxxx X. Renyi
Xxxxxx X. Xxxxxxx Directors
Xxxx X. Xxxxxxxx (LOGO)
