Semiannual Servicer's Certificate between CenterPoint Energy Houston Electric, LLC and CenterPoint Energy Transition Bond Company, LLC (September 14, 2006)

Summary

This certificate, issued by CenterPoint Energy Houston Electric, LLC as Servicer to CenterPoint Energy Transition Bond Company, LLC as Issuer, reports on the collections, payments, and account balances related to $748,897,000 in Transition Bonds, Series 2001-1, for the period from March 15, 2006 to September 14, 2006. It details the amounts collected, payments made to bondholders, fees paid, and the status of various subaccounts, confirming that all required payments and account levels have been met as of the payment date.

EX-10.1 2 h40688exv10w1.txt SEMIANNUAL SERVICER'S CERTIFICATE 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: March 15, 2006 through September 14, 2006 Payment Date: September 15, 2006 Today's Date: September 14, 2006 1. COLLECTIONS ALLOCABLE AND AGGREGATE AMOUNTS AVAILABLE FOR CURRENT PAYMENT DATE: i. Remittances for the March 15 through 31, 2006 Collection Period 3,233,951.02 ii. Remittances for the April 1 through 30, 2006 Collection Period 5,799,211.22 iii. Remittances for the May 1 through 31, 2006 Collection Period 5,176,469.67 iv. Remittances for the June 1 through 30, 2006 Collection Period 7,397,985.93 v. Remittances for the July 1 through 31, 2006 Collection Period 7,791,804.60 vi. Remittances for the August 1 through 31, 2006 Collection Period 8,784,985.22 vii. Remittances for the September 1 through 14, 2006 Collection Period 4,031,614.28 viii. Net Earnings on Collection Account 951,337.94 [3/1/06 through 8/31/06] -------------- ix. General Subaccount Balance (sum of i through viii above) 43,167,359.88 x. Reserve Subaccount Balance as of Prior Payment Date 15,106,717.95 xi. Overcollateralization Subaccount Balance as of Prior Payment Date 1,404,181.88 xii. Capital Subaccount Balance as of Prior Payment Date 3,744,485.00 ------------- xiii. Collection Account Balance (sum of ix through xii above) 63,422,744.71 ============= 2. OUTSTANDING AMOUNTS AS OF PRIOR PAYMENT DATE: 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 of all Series 2001-1 Transition Bonds 610,613,168.00 ============== 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 58,881,446.00 35,834,722.00 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 574,778,446.00 35,834,722.00 ============== =============

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 2,254,244.80 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 1,560,202.08 156,020.20 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 0.00 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 2,254,244.80 19.10 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 35,834,722.00 303.68 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) 156,020.20 xii. Net Earnings in Capital Subaccount Released to Issuer 90,890.81 xiii. Deposit to Reserve Subaccount 0.00 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
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.) 9,622,742.73 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 9,622,742.73 ============

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 58,881,446.00 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 574,778,446.00 ============== vi. Reserve Subaccount Balance 5,483,975.22 vii. Overcollateralization Subaccount Balance 1,560,202.08 viii. Capital Subaccount Balance 3,744,485.00 ------------ ix. Aggregate Collection Account Balance 10,788,662.30 =============
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 September, 2006. CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC (formerly RELIANT ENERGY, INCORPORATED), as Servicer by: /s/ Marc Kilbride ------------------------------------------------- Marc Kilbride Vice President and Treasurer