Contract

	Exhibit B of Servicing Agreement
	Semi-Annual Servicer’s Certificate
	AEP Texas Restoration Funding LLC
	AEP Texas Inc., as Servicer
	Pursuant to Section 4.01(c)(ii) of the Transition Property Servicing Agreement dated as of September 18, 2019 (the "Servicing
	Agreement"), between, AEP TEXAS INC., as Servicer and AEP TEXAS RESTORATION FUNDING LLC, as Issuer, the Servicer does
	hereby certify, for the Feb 3, 2020 Payment Date (the “Current Payment Date”), as follows:
	Capitalized terms used herein have their respective meanings as set forth in the Indenture. References herein to certain sections
	and subsections are references to the respective sections of the Servicing Agreement or the Indenture, as the context indicates.
			Collection Periods:	September-2019	to	January-2020
			Payment Date:		2/3/20
	1. Collections Allocable and Aggregate Amounts Available for the Current Payment Date:
	i.		Remittances for the 08/19 collection period	0.00
							ii.		Remittances for the 09/19 collection period	1,273.00
	iii.		Remittances for the 10/19 collection period	935,937.21
							iv.		Remittances for the 11/19 collection period	2,162,117.18
	v.		Remittances for the 12/19 collection period	2,372,630.19
							vi.		Remittances for the 01/20 collection period (1)	1,900,691.25
	vii.		Investment Earnings on Collection Account
							viii.		Investment Earnings on Capital Subaccount	5,583.30
	ix.		Investment Earnings on Excess Funds Subaccount
				x.		Investment Earnings on General Subaccount	9,099.00
	xi.		General Subaccount Balance (sum of i through x above)							7,387,331.13
				xii.		Excess Funds Subaccount Balance as of Prior Payment Date	0.00
	xiii.		Capital Subaccount Balance as of Prior Payment Date							1,176,410.00
				xiv.		Collection Account Balance (sum of xii through xiii above)	8,563,741.13
	(1)	Does not include the reconciliation amounts calculated for the Reconciliation Period for such Collection Period, which will be settled in the month following such Collection Period.
											Page 1 of 5

Exhibit B of Servicing Agreement

2. Outstanding Amounts as of Prior Payment Date:

Tranche

i.

Tranche A-1 Outstanding Amount

117,641,000.00

ii.

Tranche A-2 Outstanding Amount

117,641,000.00

iii.

Aggregate Outstanding Amount of all Tranches of Notes

235,282,000.00

3. Required Funding/Payments as of Current Payment Date:

Principal

Due

Tranche

i.

Tranche A-1

3,309,541.48

ii.

Tranche A-2

0.00

iii.

For all Tranches of Notes

3,309,541.48

Tranche

Interest Rate

Days in interest Period(1)

Principal Balance

Interest Due

iv.

Tranche A-1

2.0558%

133

117,641,000.00

893,487.97

v.

Tranche A-2

2.2939%

133

117,641,000.00

996,970.55

vi.

For all Tranches of Notes

1,890,458.52

Required Level

Funding Required

vii.

Capital Subaccount

1,176,410.00

0.00

1,176,410.00

0.00

Notes:

(1) On 30/360 day basis for initial payment date; otherwise use one-half of annual rate.

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				Exhibit B of Servicing Agreement
	4. Allocation of Remittances as of Current Payment Date Pursuant to 8.02(e) of Indenture:
	i.		Trustee Fees and Expenses			13,205.00
							ii.		Servicing Fee			86,923.63
	iii.		Administration Fee			36,944.44
							iv.		Operating Expenses			0.00
	v.		Semi-Annual Interest (including any past-due for prior periods)			1,890,458.52
												Per $1000 of Original
		Tranche	Aggregate			Principal Amount
	1.	Tranche A-1 Interest Payment	893,487.97			$7.60
	2.	Tranche A-2 Interest Payment	996,970.55			$8.47
			1,890,458.52
							vi.		Principal Due and Payable as a Result of Event of Default or on Final Maturity Date		0.00
						Per $1000 of Original
		Tranche	Aggregate			Principal Amount
	1.	Tranche A-1 Principal Payment	0.00			$0.00
	2.	Tranche A-2 Principal Payment	0.00			$0.00
			0.00
							vii.		Semi-Annual Principal		3,309,541.48
						Per $1000 of Original
		Tranche	Aggregate			Principal Amount
	1.	Tranche A-1 Principal Payment	3,309,541.48			$28.13
	2.	Tranche A-2 Principal Payment	0.00			$0.00
			3,309,541.48
											Page 3 of 5

	Exhibit B of Servicing Agreement
	4. Allocation of Remittances as of Current Payment Date Pursuant to 8.02(e) of Indenture (continued):
	viii.	Funding of Capital Subaccount (to required level)		1,176,410.00
							ix.	Investment Earnings on Capital Subaccount Released to Note Issuer		5,583.30
	x.	Deposit to Excess Funds Subaccount		2,044,674.76
							xi.	Released to Note Issuer upon Retirement of all Notes		0.00
	xii.	Aggregate Remittances as of Current Payment Date		8,563,741.13
							5. Subaccount Withdrawals as of Current Payment Date (if applicable, pursuant to Section 8.02(e) of Indenture):
	i.		Excess Funds Subaccount	0.00
							ii.		Capital Subaccount	1,181,993.30
	iii.		Total Withdrawals	1,181,993.30
							6. Outstanding Amount and Collection Account Balance as of Current Payment Date (after giving effect to payments to be made on such Payment Date):
	Tranche
	i.		Tranche A-1 Outstanding Amount	114,331,458.52
	ii.		Tranche A-2 Outstanding Amount	117,641,000.00
	iii.		Aggregate Outstanding Amount of all Tranches of Notes	231,972,458.52
							iv.		Excess Funds Subaccount Balance	2,044,674.76
	v.		Capital Subaccount Balance	1,176,410.00
							vi.		Aggregate Collection Account Balance	3,221,084.76
					Page 4 of 5

Exhibit B of Servicing Agreement

7. Shortfalls In Interest and Principal Payments as of Current Payment Date:

0.00

i. Semi-annual Interest

Tranche

1.

Tranche A-1 Interest Payment

0.00

2.

Tranche A-2 Interest Payment

0.00

0.00

ii. Semi-annual Principal

Tranche

1.

Tranche A-1 Principal Payment

0.00

2.

Tranche A-2 Principal Payment

0.00

0.00

8. Shortfalls in Required Subaccount Levels as of Current Payment Date:

i.

Capital Subaccount

0.00

IN WITNESS HEREOF, the undersigned has duly executed and delivered this Semi-Annual

Servicer’s Certificate this 31st day of January, 2020.

/s/ Xxxxx X Xxxxxxx

AEP TEXAS Inc., as Servicer

By:

Xxxxx X Xxxxxxx

Title:

Assistant Treasurer

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