AEP Texas Central Transition Funding III LLC - FORM 10-K - EX-33.1 - REPORT ON ASSESSMENT OF COMPLIANCE FOR TCC - March 28, 2013

Attached files

file filename
10-K - AEP TEXAS CENTRAL TRANSITION FUNDING III 10-K 2012 - AEP Texas Central Transition Funding III LLCtcctransfundiii201210k.htm
EX-35.1 - SERVICER COMPLIANCE STATEMENT - AEP Texas Central Transition Funding III LLCex351.htm
EX-34.2 - ATTESTATION REPORT ON BEHALF OF U.S. BANK NATIONAL ASSOCIATION - AEP Texas Central Transition Funding III LLCex342.htm
EX-31.1 - RULE 13A-14(D)/15D-14(D) CERTIFICATION - AEP Texas Central Transition Funding III LLCex311.htm
EX-33.2 - REPORT ON ASSESSMENT OF COMPLIANCE FOR U.S. BANK NATIONAL ASSOCIATION - AEP Texas Central Transition Funding III LLCex332.htm
EX-34.1 - ATTESTATION REPORT ON BEHALF OF TCC - AEP Texas Central Transition Funding III LLCex341.htm
 
EXHIBIT 33.1
 
REPORT ON ASSESSMENT OF COMPLIANCE WITH SERVICING CRITERIA
FOR ASSET-BACKED ISSUERS
 
AEP Texas Central Company (the "Servicer"), as a party participating in the servicing function under Item 1122 of Regulation AB, hereby reports on its assessment of compliance with the servicing criteria specified in paragraph (d) of Item 1122 of Regulation AB, as follows:
 
(1) The Servicer is responsible for assessing compliance with the servicing criteria applicable to it. The servicing criteria specified in the following paragraphs of paragraph (d) of Item 1122 of Regulation AB are not applicable to the Servicer based on the activities it performs with respect to asset-backed securities transactions taken as a whole involving the Servicer and that are backed by the same asset type backing the Senior Secured Transition Bonds, Series A: (1)(ii) (outsourcing), (1)(iii) (back-up servicing), (1)(iv) (fidelity bond), (2)(vi) (unissued checks), (3)(ii) (allocation and remittance), (4)(iii) (additions, removals or substitutions), (4)(v) (records regarding pool assets), (4)(ix) (adjustments to interest rates), (4)(xi) (payments on behalf of obligors), (4)(xii) (late payment penalties), (4)(xiii) (obligor disbursements), and (4)(xv) (external credit enhancement);
 
(2) The Servicer used the criteria in paragraph (d) of Item 1122 of Regulation AB to assess compliance with the applicable servicing criteria;
 
(3) The Servicer has determined that it is in compliance with the applicable servicing criteria as of December 31, 2012 and for the period January 1, 2012 through December 31, 2012, which is the period covered by this report on Form 10-K; and
 
(4) Deloitte & Touche LLP, an independent  registered public accounting firm, has issued an attestation report on the Servicer's assessment of compliance with the applicable servicing criteria as of December 31, 2012 and for the period January 1, 2012 through December 31, 2012, which is the period covered by this report on Form 10-K.

Date: March 28, 2013

AEP TEXAS CENTRAL COMPANY,
as Servicer
 
 
/s/ Julia A. Sloat                  
Name:  Julia A. Sloat
Title: Treasurer and Senior Officer in Charge of the Servicing Function, AEP Texas Central Company, as Servicer