Exhibit B of Servicing Agreement Semi-Annual Servicer’s Certificate AEP Texas Inc., as Servicer AEP Texas Central Transition Funding III LLC Pursuant to Section 4.01(c)(ii) of the Transition Property Servicing Agreement dated as of March 14, 2012 (the...

							Exhibit B of Servicing Agreement
Semi-Annual Servicer’s Certificate
						AEP Texas Inc., as Servicer
AEP Texas Central Transition Funding III LLC
Pursuant to Section 4.01(c)(ii) of the Transition Property Servicing Agreement dated as of March 14, 2012
(the "Agreement") between AEP Texas Inc., as Servicer and AEP Texas Central Transition Funding III LLC,
as Note Issuer, the Servicer does hereby certify as follows:
Capitalized terms used herein have their respective meanings as set forth in the Agreement.
References herein to certain sections and subsections are references to the respective sections of the Agreement.
		Collection Periods:		Dec 2016	to	May 2017
		Payment Date:		6/1/2017
1.	Collections Allocable and Aggregate Amounts Available for the Current Payment Date:
	i.	Remittances for the 12/16 Collection Period (1)							5,296,258.46
	ii.	Remittances for the 01/17 Collection Period							5,159,024.19
	iii.	Remittances for the 02/17 Collection Period							4,875,813.54
	iv.	Remittances for the 03/17 Collection Period							5,444,355.88
	v.	Remittances for the 04/17 Collection Period							4,862,464.30
	vi.	Remittances for the 05/17 Collection Period (2)							6,465,238.02
	vii.	Investment Earnings on Collection Account
		viii.	Investment Earnings on Capital Subaccount						9,274.93
		ix.	Investment Earnings on Excess Funds Subaccount						5,838.75
		x.	Investment Earnings on General Subaccount						38,511.92
	xiv.	General Subaccount Balance (sum of i through xiii above)							32,156,779.99
	xi.	Excess Funds Subaccount Balance as of Prior Payment Date							2,558,180.95
	xii.	Capital Subaccount Balance as of Prior Payment Date							4,000,000.00
	xvii.	Collection Account Balance (sum of xiv through xvi above)							38,714,960.94
	(1) December remittances include the previous year's true-up, which was settled in December 2016.
	(2) May remittances do not include the previous year's true-up, which will be settled in June 2017.

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							Exhibit B of Servicing Agreement
2.	Outstanding Amounts as of Prior Payment Date:
	i.	Tranche A-1 Outstanding Amount							34,593,526.00
	ii.	Tranche A-2 Outstanding Amount							180,200,000.00
	iii.	Tranche A-3 Outstanding Amount							311,900,000.00
	iv.	Aggregate Outstanding Amount of all Tranches of Notes							526,693,526.00
		{Add Other Series as applicable}
	v.	Aggregate Outstanding Amount of all Tranches of Notes							526,693,526.00
3.	Required Funding/Payments as of Current Payment Date:
									Principal
		Tranche							Due
	i.	Tranche A-1							27,205,591.00
	ii.	Tranche A-2							0.00
	iii.	Tranche A-3							0.00
	iv.	For all Tranches of Notes							27,205,591.00
		{Add Other Series as applicable}
				Interest		Days in Interest	Principal
		Tranche		Rate		Period (1)	Balance		Interest Due
	v.	Tranche A-1		0.88%		180	34,593,526.00		152,228.81
	vi.	Tranche A-2		1.98%		180	180,200,000.00		1,780,736.40
	vii.	Tranche A-3		2.84%		180	311,900,000.00		4,436,621.55
	viii.	For all Tranches of Notes							6,369,586.76
		{Add Other Series as applicable}
							Required Level		Funding Required
	ix.	Capital Subaccount					4,000,000.00		0.00
							4,000,000.00		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							98,412.78
	ii.	Servicing Fee							200,000.00
	iii.	Administration Fee							50,000.00
	iv.	Operating Expenses							0.00
	v.	Semi-Annual Interest (including any past-due for prior periods)							6,369,586.76
							Per $1000 of Original
		Tranche				Aggregate	Principal Amount
	1.	Tranche A-1 Interest Payment				152,228.81	$0.4944
	2.	Tranche A-2 Interest Payment				1,780,736.40	$9.8820
	3.	Tranche A-3 Interest Payment				4,436,621.55	$14.2245
						6,369,586.76
		{Add Other Series as applicable}
	vi.	Principal Due and Payable as a Result of Event of Default or on Final							0.00
		Maturity Date
							Per $1000 of Original
		Tranche				Aggregate	Principal Amount
	1.	Tranche A-1 Principal Payment				0.00	$0.0000
	2.	Tranche A-2 Principal Payment				0.00	$0.0000
	3.	Tranche A-3 Principal Payment				0.00	$0.0000
						0.00
		{Add Other Series as Applicable}
	vii.	Semi-Annual Principal							27,205,591.00
							Per $1000 of Original
		Tranche				Aggregate	Principal Amount
	1.	Tranche A-1 Principal Payment				27,205,591.00	$88.3585
	2.	Tranche A-2 Principal Payment				0.00	$0.0000
	3.	Tranche A-3 Principal Payment				0.00	$0.0000
						27,205,591.00
		{Add Other Series as Applicable}

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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 (continued):
	viii.	Funding of Capital Subaccount (to required level)							4,000,000.00
	ix.	Investment Earnings on Capital Subaccount Released to Note Issuer							9,274.93
	x.	Deposit to Excess Funds Subaccount							782,095.47
	xi.	Released to Note Issuer upon Retirement of all Notes							0.00
	xii.	Aggregate Remittances as of Current Payment Date							38,714,960.94
5.	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							7,387,935.00
	ii.	Tranche A-2							180,200,000.00
	iii.	Tranche A-3							311,900,000.00
	iv.	Aggregate Outstanding Amount of all Tranches of Notes							499,487,935.00
		{Add Other Series as applicable}
	v.	Aggregate Outstanding Amount of all Tranches of Notes							499,487,935.00
	vi.	Excess Funds Subaccount Balance							782,095.47
	vii.	Capital Subaccount Balance							4,000,000.00
	viii.	Aggregate Collection Account Balance							4,782,095.47
6.	Subaccount Withdrawals as of Current Payment Date
	(if applicable, pursuant to Section 8.02(e) of Indenture):
	i.	Excess Funds Subaccount							2,564,019.70
	ii.	Capital Subaccount							4,009,274.93
	iii.	Total Withdrawals							6,573,294.63

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							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
	3.	Tranche A-3 Interest Payment							0.00
									0.00
		{Add Other Series as Applicable}
	ii.	Semi-annual Principal							0.00
		Tranche
	1.	Tranche A-1 Principal Payment							0.00
	2.	Tranche A-2 Principal Payment							0.00
	3.	Tranche A-3 Principal Payment							0.00
									0.00
		{Add Other Series as Applicable}
8.	Shortfalls in Required Subaccount Levels as of Current Payment Date:
	i.	Capital Subaccount							0.00
									0.00
IN WITNESS HEREOF, the undersigned has duly executed and delivered this Semi-Annual
Servicer’s Certificate this 31st day of May, 2017.
/s/ Xxxxx X. Xxxxxxx
AEP TEXAS Inc., as Servicer
By: Xxxxx X Xxxxxxx
Title: Assistant Treasurer

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