Funding Required Level Required x. Overcollateralization Subaccount 3,120,404.17 156,020.21 xi. Capital Subaccount 3,744,485.00 0.00
Exhibit 10.1
Semiannual Servicer’s Certificate
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CenterPoint Energy Transition Bond Company, LLC (formerly Reliant Energy Transition Bond Company LLC)
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$748,897,000 Transition Bonds, Series 2001-1
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Pursuant to Section 6 of Annex 1 to the Transition Property Servicing Agreement (the "Agreement"), dated as of October 24, 2001, between
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CenterPoint Energy Houston Electric, LLC (formerly Reliant Energy, Incorporated), as Servicer, and CenterPoint Energy Transition Bond Company, LLC
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(formerly Reliant Energy Transition Bond Company LLC), as Issuer, the Servicer does hereby certify as follows:
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Capitalized terms used in this Semiannual Servicer’s Certificate have their respective meanings as
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set forth in the Agreement. References herein to certain sections and subsections are references
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to the respective sections and subsections of the Agreement.
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Collection Periods: March 12, 2011 through September 13, 2011
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Payment Date: September 15, 2011
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Today's Date: September 13, 2011
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1. Collections Allocable and Aggregate Amounts Available for Current Payment Date:
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i.
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Remittances for the March 12 through 31, 2011 Collection Period
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5,235,542.15
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ii.
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Remittances for the April 1 through 30, 2011 Collection Period
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7,018,836.03
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iii.
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Remittances for the May 1 through 31, 2011 Collection Period
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6,812,358.26
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iv.
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Remittances for the June 1 through 30, 2011 Collection Period
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8,991,398.20
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v.
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Remittances for the July 1 through 31, 2011 Collection Period
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9,036,377.50
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vi.
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Remittances for the August 1 through 31, 2011 Collection Period
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11,076,334.09
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vii.
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Remittances for the September 1 through 13, 2011 Collection Period
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5,012,872.63
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viii.
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Net Earnings on Collection Account
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[through 8/31/11]
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General Subaccount
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2,894.93
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Overcollateralization Subaccount
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261.39
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Capital Subaccount
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331.47
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Reserve Subaccount
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1,706.58
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ix.
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General Subaccount Balance (sum of i through viii above)
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53,188,913.23
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x.
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Reserve Subaccount Balance as of Prior Payment Date
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19,989,920.38
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xi.
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Overcollateralization Subaccount Balance as of Prior Payment Date
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2,964,383.96
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xii.
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Capital Subaccount Balance as of Prior Payment Date
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3,744,485.00
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xiii.
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Collection Account Balance (sum of ix through xii above)
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79,887,702.57
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2. Outstanding Amounts as of Prior Payment Date:
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i.
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Class A-1 Principal Balance
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0.00
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ii.
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Class A-2 Principal Balance
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0.00
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iii.
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Class A-3 Principal Balance
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0.00
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iv.
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Class A-4 Principal Balance
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265,895,879.00
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v.
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Aggregate Principal Balance of all Series 2001-1 Transition Bonds
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265,895,879.00
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3. Required Funding/Payments as of Current Payment Date:
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Projected
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Principal
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Semiannual |
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Series 2001-1 Principal
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Balance
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Principal Due |
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i.
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Class A-1
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0.00
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0.00
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ii.
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Class A-2
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0.00
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0.00
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iii.
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Class A-3
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0.00
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0.00
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iv.
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Class A-4
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207,818,916.00
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58,076,963.00
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v.
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For all Series 2001-1 Transition Bonds
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207,818,916.00
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58,076,963.00
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Transition |
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Days in
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Bond
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Interest
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Interest Rate |
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Period (1)
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Interest Due
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vi.
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Required Class A-1 Interest
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3.840%
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180
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0.00
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vii.
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Required Class A-2 Interest
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4.760%
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180
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0.00
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viii.
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Required Class A-3 Interest
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5.160%
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180
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0.00
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ix.
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Required Class A-4 Interest
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5.630%
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180
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7,484,968.99
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(1) On 30/360 Day basis.
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Funding
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Required Level |
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Required |
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x.
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Overcollateralization Subaccount
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3,120,404.17
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156,020.21
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xi.
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Capital Subaccount
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3,744,485.00
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0.00
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4. Allocation of Remittances as of Current Payment Date Pursuant to Section 8.02(d) of Indenture:
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i.
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Trustee Fees and Expenses
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0.00
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ii.
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Servicing Fee
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187,224.25
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(1)
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iii.
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Administration Fee and Independent Managers Fee
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50,000.00
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(2)
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iv.
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Operating Expenses
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95,151.80
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(3)
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v.
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Semiannual Interest (including any past-due Semiannual Interest for prior periods)
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Per 1,000
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of Original |
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Series 2001-1
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Aggregate |
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Principal Amount |
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1. Class A-1 Interest Payment
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0.00
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0.00
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2. Class A-2 Interest Payment
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0.00
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0.00
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3. Class A-3 Interest Payment
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0.00
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0.00
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4. Class A-4 Interest Payment
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7,484,968.99
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19.40
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vi.
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Principal Due and Payable as a result of Event of Default or on Final Maturity Date
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Per 1,000
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of Original |
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Series 2001-1
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Aggregate |
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Principal Amount |
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1. Class A-1 Principal Payment
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0.00
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0.00
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2. Class A-2 Principal Payment
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0.00
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0.00
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3. Class A-3 Principal Payment
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0.00
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0.00
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4. Class A-4 Principal Payment
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0.00
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0.00
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vii.
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Semiannual Principal
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Per 1,000
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of Original |
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Series 2001-1
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Aggregate |
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Principal Amount |
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1. Class A-1 Principal Payment
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0.00
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0.00
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2. Class A-2 Principal Payment
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0.00
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0.00
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3. Class A-3 Principal Payment
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0.00
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0.00
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4. Class A-4 Principal Payment
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58,076,963.00
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150.50
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viii.
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Amounts Payable to Credit Enhancement Providers (if applicable)
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N/A
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ix.
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Operating Expenses not Paid under Clause (iv) above
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0.00
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x.
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Funding of Capital Subaccount
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0.00
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xi.
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Funding of Overcollateralization Subaccount
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156,020.21
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xii.
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Net Earnings in Capital Subaccount Released to Issuer
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331.47
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xiii.
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Deposit to Reserve Subaccount
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0.00
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xiv.
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Released to Issuer upon Series Retirement: Collection Account
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0.00
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xv.
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Aggregate Remittances as of Current Payment Date
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66,050,659.72
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(1) Servicing fee: $748,897,000 x .05% x 180/360 = $187,224.25
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(2) Administration fee: $50,000 x 180/180 = $50,000.00
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(3) Reimbursement to Administrator for fees/expenses paid to rating agencies ($10,000.00),
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outside legal counsel ($8,613.80) and independent accountants ($76,538.00).
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5. Subaccount Withdrawals as of Current Payment Date
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(if applicable, pursuant to Section 8.02(d) of Indenture):
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i.
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Reserve Subaccount (available for 4.i. through 4.xii.)
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12,861,746.49
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ii.
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Overcollateralization Subaccount (available for 4.i. through 4.ix.)
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0.00
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iii.
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Capital Subaccount (available for 4.i. through 4.ix.)
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0.00
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iv.
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Total Withdrawals
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12,861,746.49
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6. Outstanding Amounts and Collection Account Balance as of Current Payment Date
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(after giving effect to payments to be made on such Payment Date):
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Series 2001-1
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i.
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Class A-1 Principal Balance
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0.00
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ii.
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Class A-2 Principal Balance
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0.00
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iii.
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Class A-3 Principal Balance
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0.00
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iv.
|
Class A-4 Principal Balance
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207,818,916.00
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v.
|
Aggregate Principal Balance for all Series 2001-1 Transition Bonds
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207,818,916.00
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vi.
|
Reserve Subaccount Balance
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7,128,173.89
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vii.
|
Overcollateralization Subaccount Balance
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3,120,404.17
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viii.
|
Capital Subaccount Balance
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3,744,485.00
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ix.
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Aggregate Collection Account Balance
|
13,993,063.06
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7. Shortfalls In Interest and Principal Payments as of Current Payment Date
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(after giving effect to payments to be made on such Payment Date):
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i.
|
Semiannual Interest
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Series 2001-1
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|||||||||
1. Class A-1 Bond Interest Payment
|
0.00
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2. Class A-2 Bond Interest Payment
|
0.00
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3. Class A-3 Bond Interest Payment
|
0.00
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4. Class A-4 Bond Interest Payment
|
0.00
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ii.
|
Semiannual Principal
|
||||||||
Series 2001-1
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1. Class A-1 Principal Payment
|
0.00
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2. Class A-2 Principal Payment
|
0.00
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3. Class A-3 Principal Payment
|
0.00
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4. Class A-4 Principal Payment
|
0.00
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8. Shortfalls in Required Subaccount Levels as of Current Payment Date
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(after giving effect to payments to be made on such Payment Date):
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i.
|
Overcollateralization Subaccount
|
0.00
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ii.
|
Capital Subaccount
|
0.00
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IN WITNESS HEREOF, the undersigned has duly executed and delivered this
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Semiannual Servicer's Certificate this 13th day of September, 2011.
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CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC
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(formerly RELIANT ENERGY, INCORPORATED), as Servicer
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by:
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/s/ Xxxx Xxxxxxxx
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Xxxx Xxxxxxxx
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Vice President and Treasurer
|