Attached files
| file | filename |
|---|---|
| EX-35.1 - EX-35.1 - Appalachian Consumer Rate Relief Funding LLC | apcocrrf202010kex351.htm |
| EX-34.2 - EX-34.2 - Appalachian Consumer Rate Relief Funding LLC | apcocrrf202010kex342.htm |
| EX-33.2 - EX-33.2 - Appalachian Consumer Rate Relief Funding LLC | apcocrrf202010kex332.htm |
| EX-33.1 - EX-33.1 - Appalachian Consumer Rate Relief Funding LLC | apcocrrf202010kex331.htm |
| EX-31.1 - EX-31.1 - Appalachian Consumer Rate Relief Funding LLC | apcocrrf202010kex311.htm |
| 10-K - 10-K - Appalachian Consumer Rate Relief Funding LLC | aep-20201231.htm |
EXHIBIT 34.1
Report of Independent Registered Public Accounting Firm
To the Board of Directors and Shareholder of
Appalachian Power Company
We have examined management’s assertion, included in the accompanying Management's Report on Assessment of Compliance with SEC Regulation AB Servicing Criteria, that Appalachian Power Company (the “Company”) complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission's Regulation AB for the Senior Secured Consumer Rate Relief Bonds, Series A (the “Platform”), as of and for the year ended December 31, 2020, excluding criteria 1122(d)(1)(ii), 1122(d)(1)(iii), 1122(d)(1)(iv), 1122(d)(2)(vi), 1122(d)(3)(ii), 1122(d)(4)(iii), 1122(d)(4)(v), 1122(d)(4)(ix), 1122(d)(4)(x), 1122(d)(4)(xi), 1122(d)(4)(xii), 1122(d)(4)(xiii), and 1122(d)(4)(xv), which the Company has determined are not applicable to the servicing activities performed by it with respect to the Platform. Appalachian Power Company’s management is responsible for its assertion and for the Company's compliance with the applicable servicing criteria. Our responsibility is to express an opinion on management's assertion about the Company’s compliance with the applicable servicing criteria based on our examination.
Our examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether management’s assertion about compliance with the applicable servicing criteria is fairly stated, in all material respects, and, accordingly, included examining, on a test basis, evidence about the Company’s compliance with the applicable servicing criteria and performing such other procedures as we considered necessary in the circumstances. Our examination included testing of selected asset-backed transactions and securities that comprise the Platform, testing of selected servicing activities related to the Platform, and determining whether the Company processed those selected transactions and performed those selected activities in compliance with the applicable servicing criteria. Our procedures were limited to the selected transactions and servicing activities performed by the Company during the period covered by this report. Our procedures were not designed to detect noncompliance arising from errors that may have occurred prior to or subsequent to our tests that may have affected the balances or amounts calculated or reported by the Company during the period covered by this report. We believe that our examination provides, and that the evidence we obtained is sufficient and appropriate to provide, a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company’s compliance with the servicing criteria.
In our opinion, management’s assertion that Appalachian Power Company complied with the aforementioned applicable servicing criteria as of and for the year ended December 31, 2020 for the Senior Secured Consumer Rate Relief Bonds, Series A, is fairly stated, in all material respects.
/s/ PricewaterhouseCoopers LLP
Tulsa, Oklahoma
March 26, 2021