EXC Exelon Corporation

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

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)  ¨

 

 

THE BANK OF NEW YORK MELLON 

TRUST COMPANY, N.A.

(Exact name of trustee as specified in its charter)

 

	95-3571558
(Jurisdiction of incorporation	(I.R.S. employer
if not a U.S. national bank)	identification no.)
333 South Hope Street
Suite 2525
Los Angeles, California	90071
(Address of principal executive offices)	(Zip code)

 

 

Exelon Corporation 

(Exact name of obligor as specified in its charter)

 

Pennsylvania	23-2990190
(State or other jurisdiction of	(I.R.S. employer
incorporation or organization)	identification no.)
10 South Dearborn Street
P.O. Box 805379
Chicago, Illinois	60680-5379
(Address of principal executive offices)	(Zip code)

 

 

Subordinated Debt Securities

(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		Washington, DC 20219
United States Department of the
Treasury
Federal Reserve Bank		San Francisco, CA 94105
Federal Deposit Insurance Corporation		Washington, DC 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").

 

1.

A copy of the articles of association of The Bank of New York Mellon Trust Company, N.A., formerly known as The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152875).

 

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. 333-152875).

 

 

4.

A copy of the existing by-laws of the trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-229762).

 

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. 333-152875).

 

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 Act, the trustee. The Bank of New York Mellon 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 6th day of February, 2025.

 

	THE BANK OF NEW YORK MELLON
	TRUST COMPANY, N.A.
	By:	/s/ Ann M, Dolezar
		Name:	Ann M, Dolezar
		Title:	Vice President

 

 

EXHIBIT 7

 

Consolidated Report of Condition of 

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
of 333 South Hope Street, Suite 2525, Los Angeles, CA 90071

 

At the close of business December 31, 2024, published in accordance with Federal regulatory authority instructions.

 

ASSETS		Dollar amounts  in thousands
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin			30,948
Interest-bearing balances			200,909
Securities:
Held-to-maturity securities			0
Available-for-sale debt securities			98,676
Equity securities with readily determinable fair values not held for trading			0
Federal funds sold and securities purchased under agreements to resell:
Federal funds sold in domestic offices			0
Securities purchased under agreements to resell			0
Loans and lease financing receivables:
Loans and leases held for sale			0
Loans and leases held for investment			0
LESS: Allowance for credit losses on loans and leases			0
Loans and leases held for investment, net of allowance			0
Trading assets			0
Premises and fixed assets (including right-of-use assets)			9,955
Other real estate owned			0
Investments in unconsolidated subsidiaries and associated companies			0
Direct and indirect investments in real estate ventures			0
Intangible assets			856,313
Other assets			105,148
Total assets		$	1,301,949

 

 

LIABILITIES

 

Deposits:
In domestic offices			967
Noninterest-bearing			967
Interest-bearing			0
Federal funds purchased and securities sold under agreements to repurchase:
Federal funds purchased in domestic offices			0
Securities sold under agreements to repurchase			0
Trading liabilities			0
Other borrowed money:
(includes mortgage indebtedness)			0
Not applicable
Not applicable
Subordinated notes and debentures			0
Other liabilities			264,082
Total liabilities			265,049
Not applicable

 

EQUITY CAPITAL

 

Perpetual preferred stock and related surplus			0
Common stock			1,000
Surplus (exclude all surplus related to preferred stock)			107,246
Not available
Retained earnings			928,635
Accumulated other comprehensive income			19
Other equity capital components			0
Not available
Total bank equity capital			1,036,900
Noncontrolling (minority) interests in consolidated subsidiaries			0
Total equity capital			1,036,900
Total liabilities and equity capital			1,301,949

 

I, Shana Quinn, CFO of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.

 

Shana Quinn

)

CFO

 

We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date 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.

 

Kevin C. Weeks, President	)
Cathleen Sokolowski, Managing Director	)	Directors (Trustees)
Jon M. Pocchia, Senior Director	)

 

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