CENTERPOINT ENERGY TRANSITION BOND CO LLC - FORM 10-Q - EX-10.1 - SEMIANNUAL SERVICER?S CERTIFICATE DATED AS OF SEPTEMBER 13, 2011 - November 9, 2011

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EX-32.1 - SECTION 906 CERTIFICATION OF GARY L. WHITLOCK - CENTERPOINT ENERGY TRANSITION BOND CO LLCex32-1.htm
EX-31.1 - SECTION 302 CERTIFICATION OF GARY L. WHITLOCK - CENTERPOINT ENERGY TRANSITION BOND CO LLCex31-1.htm
EX-31.2 - SECTION 302 CERTIFICATION OF MARC KILBRIDE - CENTERPOINT ENERGY TRANSITION BOND CO LLCex31-2.htm
EX-32.2 - SECTION 906 CERTIFICATION OF MARC KILBRIDE - CENTERPOINT ENERGY TRANSITION BOND CO LLCex32-2.htm
EXCEL - IDEA: XBRL DOCUMENT - CENTERPOINT ENERGY TRANSITION BOND CO LLCFinancial_Report.xls
10-Q - FORM 10-Q SEPTEMBER 30, 2011 - CENTERPOINT ENERGY TRANSITION BOND CO LLCtbcform10-q.htm
Exhibit 10.1
 
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 12, 2011 through September 13, 2011
Payment Date: September 15, 2011
Today's Date: September 13, 2011
 
1. Collections Allocable and Aggregate Amounts Available for Current Payment Date:
        
 
i.
Remittances for the March 12 through 31, 2011 Collection Period
5,235,542.15
        
 
ii.
Remittances for the April 1 through 30, 2011 Collection Period
7,018,836.03
        
 
iii.
Remittances for the May 1 through 31, 2011 Collection Period
6,812,358.26
        
 
iv.
Remittances for the June 1 through 30, 2011 Collection Period
8,991,398.20
        
 
v.
Remittances for the July 1 through 31, 2011 Collection Period
9,036,377.50
        
 
vi.
Remittances for the August 1 through 31, 2011 Collection Period
11,076,334.09
        
 
vii.
Remittances for the September 1 through 13, 2011 Collection Period
5,012,872.63
        
 
viii.
Net Earnings on Collection Account
        
[through 8/31/11]
   
   General Subaccount
    
2,894.93
        
   
   Overcollateralization Subaccount
    
261.39
        
   
   Capital Subaccount
    
331.47
        
   
   Reserve Subaccount
    
1,706.58
        
 
ix.
General Subaccount Balance (sum of i through viii above)
53,188,913.23
        
                   
 
x.
Reserve Subaccount Balance as of Prior Payment Date
  
19,989,920.38
        
 
xi.
Overcollateralization Subaccount Balance as of Prior Payment Date
2,964,383.96
        
 
xii.
Capital Subaccount Balance as of Prior Payment Date
  
3,744,485.00
        
 
xiii.
Collection Account Balance (sum of ix through xii above)
79,887,702.57
        
                   
2. Outstanding Amounts as of Prior Payment Date:
              
 
i.
Class A-1 Principal Balance
    
0.00
        
 
ii.
Class A-2 Principal Balance
    
0.00
        
 
iii.
Class A-3 Principal Balance
    
0.00
        
 
iv.
Class A-4 Principal Balance
    
265,895,879.00
        
 
v.
Aggregate Principal Balance of all Series 2001-1 Transition Bonds
265,895,879.00
        
                   
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
    
0.00
  
0.00
    
 
iii.
Class A-3
    
0.00
  
0.00
    
 
iv.
Class A-4
    
207,818,916.00
  
58,076,963.00
    
 
v.
For all Series 2001-1 Transition Bonds
    
207,818,916.00
  
58,076,963.00
    
                   
                   
          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
  
0.00
 
viii.
Required Class A-3 Interest
    
5.160%
  
180
  
0.00
 
ix.
Required Class A-4 Interest
    
5.630%
  
180
  
7,484,968.99
   
(1) On 30/360 Day basis.
              
 
 
 
 
 
             
Funding
    
           Required Level
 
 Required
 
  
                   
 
x.
Overcollateralization Subaccount
    
3,120,404.17
  
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
    
95,151.80
 (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
    
0.00
  
0.00
    
   
3. Class A-3 Interest Payment
    
0.00
  
0.00
    
   
4. Class A-4 Interest Payment
    
7,484,968.99
  
19.40
    
                   
 
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
    
0.00
  
0.00
    
   
3. Class A-3 Principal Payment
    
0.00
  
0.00
    
   
4. Class A-4 Principal Payment
    
58,076,963.00
  
150.50
    
                   
 
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
    
0.00
        
 
xi.
Funding of Overcollateralization Subaccount
156,020.21
        
 
xii.
Net Earnings in Capital Subaccount Released to Issuer
331.47
        
 
xiii.
Deposit to Reserve Subaccount
    
0.00
        
 
xiv.
Released to Issuer upon Series Retirement: Collection Account
0.00
        
 
xv.
Aggregate Remittances as of Current Payment Date
66,050,659.72
        
                   
                   
   
(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 rating agencies ($10,000.00),
   
       outside legal counsel ($8,613.80) and independent accountants ($76,538.00).
  
 
 
 
 
 
5. Subaccount Withdrawals as of Current Payment Date
              
    (if applicable, pursuant to Section 8.02(d) of Indenture):
          
 
i.
Reserve Subaccount (available for 4.i. through 4.xii.)
12,861,746.49
        
 
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
    
12,861,746.49
        
                   
6. Outstanding Amounts 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
    
0.00
        
 
iii.
Class A-3 Principal Balance
    
0.00
        
 
iv.
Class A-4 Principal Balance
    
207,818,916.00
        
 
v.
Aggregate Principal Balance for all Series 2001-1 Transition Bonds
207,818,916.00
        
                   
 
vi.
Reserve Subaccount Balance
    
7,128,173.89
        
 
vii.
Overcollateralization Subaccount Balance
  
3,120,404.17
        
 
viii.
Capital Subaccount Balance
    
3,744,485.00
        
 
ix.
Aggregate Collection Account Balance
    
13,993,063.06
        
                   
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 13th day of September, 2011.
        
                   
 
CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC
          
 
(formerly RELIANT ENERGY, INCORPORATED), as Servicer
        
                   
 
by:
/s/ Marc Kilbride
              
   
Marc Kilbride
              
   
Vice President and Treasurer
              
 
 
 
 

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