Schedule 2 to Indenture
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: September 15, 2005 through March 14, 2006
Payment Date: March 15, 2006
Today's Date: March 14, 2006
1. COLLECTIONS ALLOCABLE AND AGGREGATE AMOUNTS AVAILABLE FOR CURRENT PAYMENT DATE:
i. Remittances for the September 15 through 30, 2005 Collection Period 4,751,030.53
ii. Remittances for the October 1 through 31, 2005 Collection Period 9,618,596.10
iii. Remittances for the November 1 through 30, 2005 Collection Period 9,787,688.77
iv. Remittances for the December 1 through 31, 2005 Collection Period 7,273,469.19
v. Remittances for the January 1 through 31, 2006 Collection Period 5,729,317.54
vi. Remittances for the February 1 through 28, 2006 Collection Period 5,082,036.31
vii. Remittances for the March 1 through 14, 2006 Collection Period 2,682,026.97
viii. Net Earnings on Collection Account 703,318.87 [9/1/05 through 2/28/06]
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ix. General Subaccount Balance (sum of i through viii above) 45,627,484.28
x. Reserve Subaccount Balance as of Prior Payment Date 5,364,309.56
xi. Overcollateralization Subaccount Balance as of Prior Payment Date 1,248,161.67
xii. Capital Subaccount Balance as of Prior Payment Date 3,744,485.00
--------------
xiii. Collection Account Balance (sum of ix through xii above) 55,984,440.51
==============
2. OUTSTANDING AMOUNTS AS OF PRIOR PAYMENT DATE:
i. Class A-1 Principal Balance 0.00
ii. Class A-2 Principal Balance 113,176,479.00
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 629,073,479.00
==============
3. REQUIRED FUNDING/PAYMENTS AS OF CURRENT PAYMENT DATE:
Projected
Principal Semiannual
Series 2001-1 Principal Balance Principal Due
----------------------- -------------- -------------
i. Class A-1 0.00 0.00
ii. Class A-2 94,716,168.00 18,460,311.00
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 610,613,168.00 18,460,311.00
============== =============
Transition Days in
Bond Interest
Interest Rate Period(1) Interest Due
------------- --------- ------------
vi. Required Class A-1 Interest 3.840% 180 0.00
vii. Required Class A-2 Interest 4.760% 180 2,693,600.20
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 1,404,181.88 156,020.21
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 53,500.00(2)
iv. Operating Expenses 44,781.90(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 0.00 0.00
2. Class A-2 Interest Payment 2,693,600.20 22.83
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 0.00 0.00
2. Class A-2 Principal Payment 18,460,311.00 156.44
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) 156,020.21
xii. Net Earnings in Capital Subaccount Released to Issuer 72,637.78
xiii. Deposits to Reserve Subaccount 9,742,408.39
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;
Independent Managers fee: $3,500.00
(3) Reimbursement to Administrator for fees/expenses paid to outside
legal counsel ($5,270.90), printer ($3,211.00), independent
accountants ($21,300.00) and rating agencies ($15,000).
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.) 0.00
ii. Overcollateralization Subaccount (available for 4.i. through 4.ix.) 0.00
iii. Capital Subaccount (available for 4.i. through 4.ix.) 0.00
----
iv. Total Withdrawals 0.00
====
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 0.00
ii. Class A-2 Principal Balance 94,716,168.00
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 610,613,168.00
==============
vi. Reserve Subaccount Balance 15,106,717.95
vii. Overcollateralization Subaccount Balance 1,404,181.88
viii. Capital Subaccount Balance 3,744,485.00
--------------
ix. Aggregate Collection Account Balance 20,255,384.83
==============
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 0.00
ii. Capital Subaccount 0.00
IN WITNESS HEREOF, the undersigned has duly executed and delivered
this Semiannual Servicer's Certificate this 14th day of March,
2006.
CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC
(formerly RELIANT ENERGY, INCORPORATED), as Servicer
by: /s/ Xxxx Xxxxxxxx
--------------------------------------------------------------
Xxxx Xxxxxxxx
Vice President and Treasurer
