Schedule 2 to Indenture SEMIANNUAL SERVICER'S CERTIFICATE CENTERPOINT ENERGY TRANSITION BOND COMPANY, LLC (FORMERLY RELIANT ENERGY TRANSITION BOND COMPANY LLC) $748,897,000 TRANSITION BONDS, SERIES 2001-1 Pursuant to Section 6 of Annex 1 to the...
EXHIBIT 10.1
Schedule 2 to Indenture
SEMIANNUAL SERVICER'S CERTIFICATE
CENTERPOINT ENERGY TRANSITION BOND COMPANY, LLC (FORMERLY RELIANT ENERGY
TRANSITION BOND COMPANY LLC)
$748,897,000 TRANSITION BONDS, SERIES 2001-1
Pursuant to Section 6 of Annex 1 to the Transition Property Servicing Agreement
(the "Agreement"), dated as of October 24, 2001, between CenterPoint Energy
Houston Electric, LLC (formerly Reliant Energy, Incorporated), as Servicer, and
CenterPoint Energy Transition Bond Company, LLC (formerly Reliant Energy
Transition Bond Company 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: March 15, 2004 through September 14, 2004
Payment Date: September 15, 2004
Today's Date: September 14, 2004
1. COLLECTIONS ALLOCABLE AND AGGREGATE AMOUNTS AVAILABLE FOR CURRENT PAYMENT DATE:
i. Remittances for the March 15 through 31, 2004 Collection Period 3,318,449.54
ii. Remittances for the April 1 through 30, 2004 Collection Period 4,808,306.10
iii. Remittances for the May 1 through 31, 2004 Collection Period 3,753,820.03
iv. Remittances for the June 1 through 30, 2004 Collection Period 6,257,722.54
v. Remittances for the July 1 through 31, 2004 Collection Period 6,038,984.88
vi. Remittances for the August 1 through 31, 2004 Collection Period 6,667,766.14
vii. Remittances for the September 1 through 14, 2004 Collection Period 3,744,099.98
viii. Net Earnings on Collection Account 142,712.31 [3/1/04 through 8/31/04]
-------------
ix. General Subaccount Balance (sum of i through viii above) 34,731,861.52
x. Reserve Subaccount Balance as of Prior Payment Date 7,838,509.25
xi. Overcollateralization Subaccount Balance as of Prior Payment Date 780,101.04
xii. Capital Subaccount Balance as of Prior Payment Date 3,744,485.00
-------------
xiii. Collection Account Balance (sum of ix through xii above) 47,094,956.81
=============
2. OUTSTANDING AMOUNTS AS OF PRIOR PAYMENT DATE:
i. Class A-1 Principal Balance 69,167,503.00
ii. Class A-2 Principal Balance 118,000,000.00
iii. Class A-3 Principal Balance 130,000,000.00
iv. Class A-4 Principal Balance 385,897,000.00
--------------
v. Aggregate Principal Balance of all Series 2001-1 Transition Bonds 703,064,503.00
==============
3. REQUIRED FUNDING/PAYMENTS AS OF CURRENT PAYMENT DATE:
Projected
Principal Semiannual
Series 2001-1 Principal Balance Principal Due
----------------------- -------------- --------------
i. Class A-1 41,982,542.00 27,184,961.00
ii. Class A-2 118,000,000.00 0.00
iii. Class A-3 130,000,000.00 0.00
iv. Class A-4 385,897,000.00 0.00
-------------- -------------
v. For all Series 2001-1 Transition Bonds 675,879,542.00 27,184,961.00
============== =============
Transition Days in
Bond Interest
Interest Rate Period (1) Interest Due
------------- ----------- ------------
vi. Required Class A-1 Interest 3.840% 180 1,328,016.06
vii. Required Class A-2 Interest 4.760% 180 2,808,400.00
viii. Required Class A-3 Interest 5.160% 180 3,354,000.00
ix. Required Class A-4 Interest 5.630% 180 10,863,000.55
(1) On 30/360 Day basis.
Funding
Required Level Required
-------------- --------
x. Overcollateralization Subaccount 936,121.25 156,020.21
xi. Capital Subaccount 3,744,485.00 0.00
4. ALLOCATION OF REMITTANCES AS OF CURRENT PAYMENT DATE PURSUANT TO SECTION 8.02(d) OF INDENTURE:
i. Trustee Fees and Expenses 0.00
ii. Servicing Fee 187,224.25(1)
iii. Administration Fee and Independent Managers Fee 50,000.00(2)
iv. Operating Expenses 41,222.00(3)
v. Semiannual Interest (including any past-due Semiannual Interest for prior periods)
Per $1,000
of Original
Series 2001-1 Aggregate Principal Amount
------------- --------- ----------------
1. Class A-1 Interest Payment 1,328,016.06 11.55
2. Class A-2 Interest Payment 2,808,400.00 23.80
3. Class A-3 Interest Payment 3,354,000.00 25.80
4. Class A-4 Interest Payment 10,863,000.55 28.15
vi. Principal Due and Payable as a result of Event of Default or on Final Maturity Date
Per $1,000
of Original
Series 2001-1 Aggregate Principal Amount
------------- --------- ----------------
1. Class A-1 Principal Payment 0.00 0.00
2. Class A-2 Principal Payment 0.00 0.00
3. Class A-3 Principal Payment 0.00 0.00
4. Class A-4 Principal Payment 0.00 0.00
vii. Semiannual Principal
Per $1,000
of Original
Series 2001-1 Aggregate Principal Amount
------------- ------------- ----------------
1. Class A-1 Principal Payment 27,184,961.00 236.39
2. Class A-2 Principal Payment 0.00 0.00
3. Class A-3 Principal Payment 0.00 0.00
4. Class A-4 Principal Payment 0.00 0.00
viii. Amounts Payable to Credit Enhancement Providers (if applicable) N/A
ix. Operating Expenses not Paid under Clause (iv) above 0.00
x. Funding of Capital Subaccount (to required level) 0.00
xi. Funding of Overcollateralization Subaccount (to required level) 0.00
xii. Net Earnings in Capital Subaccount Released to Issuer 0.00
xiii. Deposits to Reserve Subaccount 0.00
xiv. Released to Issuer upon Series Retirement: Collection Account 0.00
(1) Servicing fee: $748,897,000 x .05% x 180/360 = $187,224.25
(2) Administration fee: $50,000 x 180/180 = $50,000.00
(3) Reimbursement to Administrator for fees/expenses paid to independent
accountants ($27,000.00), outside legal counsel ($8,799.00) and printer
($5,423.00)
5. SUBACCOUNT WITHDRAWALS AS OF CURRENT PAYMENT DATE
(IF APPLICABLE, PURSUANT TO SECTION 8.02(e) OF INDENTURE):
i. Reserve Subaccount (available for 4.i. through 4.xii.) 7,838,509.25
ii. Overcollateralization Subaccount (available for 4.i. through 4.ix.) 780,101.04
iii. Capital Subaccount (available for 4.i. through 4.ix.) 2,466,352.05
-------------
iv. Total Withdrawals 11,084,962.34
=============
6. OUTSTANDING AMOUNT AND COLLECTION ACCOUNT BALANCE AS OF CURRENT PAYMENT DATE
(AFTER GIVING EFFECT TO PAYMENTS TO BE MADE ON SUCH PAYMENT DATE):
Series 2001-1
-------------
i. Class A-1 Principal Balance 41,982,542.00
ii. Class A-2 Principal Balance 118,000,000.00
iii. Class A-3 Principal Balance 130,000,000.00
iv. Class A-4 Principal Balance 385,897,000.00
--------------
v. Aggregate Principal Balance for all Series 2001-1 Transition Bonds 675,879,542.00
==============
vi. Reserve Subaccount Balance 0.00
vii. Overcollateralization Subaccount Balance 0.00
viii. Capital Subaccount Balance 1,278,132.95
--------------
ix. Aggregate Collection Account Balance 1,278,132.95
==============
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 2001-1
-------------
1. Class A-1 Bond Interest Payment 0.00
2. Class A-2 Bond Interest Payment 0.00
3. Class A-3 Bond Interest Payment 0.00
4. Class A-4 Bond Interest Payment 0.00
ii. Semiannual Principal
Series 2001-1
-------------
1. Class A-1 Principal Payment 0.00
2. Class A-2 Principal Payment 0.00
3. Class A-3 Principal Payment 0.00
4. Class A-4 Principal Payment 0.00
8. SHORTFALLS IN REQUIRED SUBACCOUNT LEVELS AS OF CURRENT PAYMENT DATE
(AFTER GIVING EFFECT TO PAYMENTS TO BE MADE ON SUCH PAYMENT DATE):
i. Overcollateralization Subaccount 936,121.25
ii. Capital Subaccount 2,466,352.05
IN WITNESS HEREOF, the undersigned has duly executed and delivered this
Semiannual Servicer's Certificate this 14th day of September, 2004.
CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC
(formerly RELIANT ENERGY, INCORPORATED), as Servicer
by: /s/ Xxxx Xxxxxxxx
----------------------------------------
Xxxx Xxxxxxxx
Vice President and Treasurer
