Semiannual Servicer’s Certificate

Exhibit 10.1

Semiannual Servicer’s Certificate
CenterPoint Energy Transition Bond Company II, LLC
$1,851,000,000 Series A Transition Bonds
Pursuant to Section 6 of Annex 1 to the Transition Property Servicing Agreement (the "Agreement"), dated as of December 16, 2005, between
CenterPoint Energy Houston Electric, LLC, as Servicer, and CenterPoint Energy Transition Bond Company II, LLC, as Issuer,
the Servicer does hereby certify as follows:
Capitalized terms used in this Semiannual Servicer’s Certificate have their respective meanings as
set forth in the Agreement.  References herein to certain sections and subsections are references
to the respective sections and subsections of the Agreement.
Collection Periods: January 31, 2008 through July 30, 2008
Payment Date: August 1, 2008
Today's Date: July 30, 2008
1. Collections Allocable and Aggregate Amounts Available for Current Payment Date:
	i.	Remittances for the January 31, 2008 Collection Period			141,585.57
	ii.	Remittances for the February 1 through 29, 2008 Collection Period			12,598,724.49
	iii.	Remittances for the March 1 through 31, 2008 Collection Period			12,588,677.39
	iv.	Remittances for the April 1 through 30, 2008 Collection Period			12,409,302.19
	v.	Remittances for the May 1 through 31, 2008 Collection Period			13,406,246.49
	vi.	Remittances for the June 1 through 30, 2008 Collection Period			12,808,044.52
	vii.	Remittances for the July 1 through 30, 2008 Collection Period			17,203,492.59
	viii.	Net Earnings on Collection Account					[1/1/08 through 6/30/08]
		General Subaccount			712,965.77
		Capital Subaccount			146,068.49
		Excess Funds Subaccount			172,246.26
	ix.	General Subaccount Balance (sum of i through viii above)			82,187,353.76
	x.	Excess Funds Subaccount Balance as of Prior Payment Date			12,140,488.33
	xi.	Capital Subaccount Balance as of Prior Payment Date			9,255,000.00
	xii.	Collection Account Balance (sum of ix through xi above)			103,582,842.09
2. Outstanding Amounts as of Prior Payment Date:
	i.	Tranche A-1 Principal Balance			89,916,590.00
	ii.	Tranche A-2 Principal Balance			368,000,000.00
	iii.	Tranche A-3 Principal Balance			252,000,000.00
	iv.	Tranche A-4 Principal Balance			519,000,000.00
	v.	Tranche A-5 Principal Balance			462,000,000.00
	vi.	Aggregate Principal Balance of all Series A Transition Bonds			1,690,916,590.00
3. Required Funding/Payments as of Current Payment Date:
					Projected
					Principal		Semiannual
		Series A Principal			Balance		Principal Due
	i.	Tranche A-1			50,875,178.00		39,041,412.00
	ii.	Tranche A-2			368,000,000.00		0.00
	iii.	Tranche A-3			252,000,000.00		0.00
	iv.	Tranche A-4			519,000,000.00		0.00
	v.	Tranche A-5			462,000,000.00		0.00
	vi.	For all Series A Transition Bonds			1,651,875,178.00		39,041,412.00

					Transition		Days in
					Bond		Interest
					Interest Rate		Period (1)		Interest Due
	vii.	Required Tranche A-1 Interest			4.840%		180		2,175,981.48
	viii.	Required Tranche A-2 Interest			4.970%		180		9,144,800.00
	ix.	Required Tranche A-3 Interest			5.090%		180		6,413,400.00
	x.	Required Tranche A-4 Interest			5.170%		180		13,416,150.00
	xi.	Required Tranche A-5 Interest			5.302%		180		12,247,620.00
		(1) On 30/360 Day basis.							43,397,951.48

							Funding
					Required Level		Required
	xii.	Capital Subaccount			9,255,000.00		0.00
4. Allocation of Remittances as of Current Payment Date Pursuant to Section 8.02(d) of Indenture:
	i.	Trustee Fees and Expenses			2,540.00
	ii.	Servicing Fee			462,750.00	(1)
	iii.	Administration Fee and Independent Managers Fee			50,000.00	(2)
	iv.	Operating Expenses			41,393.67	(3)
	v.	Semiannual Interest (including any past-due Semiannual Interest for prior periods)
							Per $1,000
							of Original
		Series A			Aggregate		Principal Amount
		1. Tranche A-1 Interest Payment			2,175,981.48		8.70
		2. Tranche A-2 Interest Payment			9,144,800.00		24.85
		3. Tranche A-3 Interest Payment			6,413,400.00		25.45
		4. Tranche A-4 Interest Payment			13,416,150.00		25.85
		5. Tranche A-5 Interest Payment			12,247,620.00		26.51
	vi.	Principal Due and Payable as a result of (A) Event of Default or (B) on Final Maturity Date
							Per $1,000
							of Original
		Series A			Aggregate		Principal Amount
		1. Tranche A-1 Principal Payment			0.00		0.00
		2. Tranche A-2 Principal Payment			0.00		0.00
		3. Tranche A-3 Principal Payment			0.00		0.00
		4. Tranche A-4 Principal Payment			0.00		0.00
		5. Tranche A-5 Principal Payment			0.00		0.00
		(C) Principal Scheduled to be Paid on Current Payment Date
							Per $1,000
							of Original
		Series A			Aggregate		Principal Amount
		1. Tranche A-1 Principal Payment			39,041,412.00		156.17
		2. Tranche A-2 Principal Payment			0.00		0.00
		3. Tranche A-3 Principal Payment			0.00		0.00
		4. Tranche A-4 Principal Payment			0.00		0.00
		5. Tranche A-5 Principal Payment			0.00		0.00

	vii.	Amounts Payable to Credit Enhancement Providers (if applicable)			N/A
	viii.	Operating Expenses not Paid under Clause (iv) above			0.00
	ix.	Funding of Capital Subaccount			146,068.49
	x.	Net Earnings in Capital Subaccount Released to Issuer			0.00
	xi.	Deposit to Excess Funds Subaccount			0.00
	xii.	Released to Issuer upon Series Retirement: Collection Account			0.00
	xiii.	Aggregate Remittances as of Current Payment Date			83,142,115.64
		(1) Servicing fee: $1,851,000,000 x .05% x 180/360 = $462,750.00
		(2) Administration fee: $100,000 x 180/360 = $50,000.00
		(3) Reimbursement to Administrator for fees/expenses paid to outside legal counsel ($10,555.00), printer ($5,690.00),
independent public accountant ($5,141.00), rating agencies ($10,000.00) and L/C issuing bank ($10,007.67)
5. Subaccount Withdrawals as of Current Payment Date
(if applicable, pursuant to Section 8.02(d) of Indenture):
	i.	Excess Funds Subaccount (available for 4.i. through 4.ix.)			954,761.88
	ii.	Capital Subaccount (available for 4.i. through 4.viii.)			0.00
	iii.	Total Withdrawals			954,761.88
6. Outstanding Amounts and Collection Account Balance as of Current Payment Date
(after giving effect to payments to be made on such Payment Date):
		Series A
	i.	Tranche A-1 Principal Balance			50,875,178.00
	ii.	Tranche A-2 Principal Balance			368,000,000.00
	iii.	Tranche A-3 Principal Balance			252,000,000.00
	iv.	Tranche A-4 Principal Balance			519,000,000.00
	v.	Tranche A-5 Principal Balance			462,000,000.00
	vi.	Aggregate Principal Balance for all Series A Transition Bonds			1,651,875,178.00
	vii.	Excess Funds Subaccount Balance			11,185,726.45
	viii.	Capital Subaccount Balance			9,401,068.49
	ix.	Aggregate Collection Account Balance			20,586,794.94
7. Shortfalls In Interest and Principal Payments as of Current Payment Date
(after giving effect to payments to be made on such Payment Date):
	i.	Semiannual Interest
		Series A
		1. Tranche A-1 Bond Interest Payment			0.00
		2. Tranche A-2 Bond Interest Payment			0.00
		3. Tranche A-3 Bond Interest Payment			0.00
		4. Tranche A-4 Bond Interest Payment			0.00
		5. Tranche A-5 Bond Interest Payment			0.00

	ii.	Semiannual Principal
		Series A
		1. Tranche A-1 Principal Payment			0.00
		2. Tranche A-2 Principal Payment			0.00
		3. Tranche A-3 Principal Payment			0.00
		4. Tranche A-4 Principal Payment			0.00
		5. Tranche A-5 Principal Payment			0.00

8. Shortfall in Required Subaccount Level as of Current Payment Date
(after giving effect to payments to be made on such Payment Date):
	i.	Capital Subaccount			0.00
	IN WITNESS HEREOF, the undersigned has duly executed and delivered this
Semiannual Servicer's Certificate this 30th day of July, 2008.
	CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC, as Servicer
	by:	/s/ Xxxxx Xxxxxx
		Xxxxx Xxxxxx
		Assistant Treasurer