Servicer's Annual Calculation Date Statement between CenterPoint Energy Houston Electric, LLC and CenterPoint Energy Transition Bond Company, LLC (August 1, 2003)

Contract Categories: Business Operations › Services Agreements
Summary

This statement, issued by CenterPoint Energy Houston Electric, LLC as Servicer for CenterPoint Energy Transition Bond Company, LLC, provides a financial update related to $748,897,000 in Transition Bonds, Series 2001-1. It details the balances of various bond classes, amounts held in key subaccounts, and projections for future payment dates, as required by their servicing agreement. The document ensures transparency and compliance with the terms of the Transition Property Servicing Agreement, outlining the Servicer’s obligations to report on the financial status and projections of the bond accounts.

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EX-10.2 5 h07974exv10w2.txt SERVICER'S ANNUAL CALCULATION DATE STATEMENT EXHIBIT 10.2 CALCULATION DATE STATEMENT CenterPoint Energy Transition Bond Company, LLC (formerly Reliant Energy Transition Bond Company LLC) $748,897,000 Transition Bonds, Series 2001-1 Pursuant to Section 3 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 Capitalized terms used in this Calculation Date statement have their respective meanings as set forth in the Agreement. CALCULATION DATE: AUGUST 1, 2003 IMMEDIATELY PRECEDING PAYMENT DATE: MARCH 17, 2003 PAYMENT DATE IMMEDIATELY PRECEDING THE NEXT SUCCEEDING ADJUSTMENT DATE: SEPTEMBER 15, 2003 NEXT SUCCEEDING ADJUSTMENT DATE: NOVEMBER 1, 2003 (A) THE TRANSITION BOND BALANCE AND THE PROJECTED TRANSITION BOND BALANCE FOR EACH SERIES AS OF THE IMMEDIATELY PRECEDING PAYMENT DATE Transition Bond Balance as of March 17, 2003 Class A-1 95,528,678.00 Class A-2 118,000,000.00 Class A-3 130,000,000.00 Class A-4 385,897,000.00 Projected Transition Bond Balance as of March 17, 2003 Class A-1 95,528,678.00 Class A-2 118,000,000.00 Class A-3 130,000,000.00 Class A-4 385,897,000.00
(B) THE AMOUNT ON DEPOSIT IN THE OVERCOLLATERALIZATION SUBACCOUNT AND THE SCHEDULED OVERCOLLATERALIZATION LEVEL AS OF THE IMMEDIATELY PRECEDING PAYMENT DATE Amount on deposit in the Overcollateralization Subaccount as of March 17, 2003 468,060.63 Scheduled Overcollateralization Level as of March 17, 2003 468,060.63
(C) THE AMOUNT ON DEPOSIT IN THE CAPITAL SUBACCOUNT AND THE REQUIRED CAPITAL AMOUNT AS OF THE IMMEDIATELY PRECEDING PAYMENT DATE Amount on deposit in the Capital Subaccount as of March 17, 2003 3,744,485.00 Required Capital Amount as of March 17, 2003 3,744,485.00
(D) THE AMOUNT ON DEPOSIT IN THE RESERVE SUBACCOUNT AS OF THE IMMEDIATELY PRECEDING PAYMENT DATE Amount on deposit in the Reserve Subaccount as of March 17, 2003 8,443,065.37
(E) THE PROJECTED TRANSITION BOND BALANCE AND THE SERVICER'S PROJECTION OF THE TRANSITION BOND BALANCE ON THE PAYMENT DATE IMMEDIATELY PRECEDING THE NEXT SUCCEEDING ADJUSTMENT DATE Projected Transition Bond Balance as of September 15, 2003 Class A-1 83,171,877.00 Class A-2 118,000,000.00 Class A-3 130,000,000.00 Class A-4 385,897,000.00 Servicer's projection of the Transition Bond Balance as of September 15, 2003 Class A-1 83,171,877.00 Class A-2 118,000,000.00 Class A-3 130,000,000.00 Class A-4 385,897,000.00
(F) THE SCHEDULED OVERCOLLATERALIZATION LEVEL AND THE SERVICER'S PROJECTION OF THE AMOUNT ON DEPOSIT IN THE OVERCOLLATERALIZATION SUBACCOUNT FOR THE PAYMENT DATE IMMEDIATELY PRECEDING THE NEXT SUCCEEDING ADJUSTMENT DATE Scheduled Overcollateralization Level as of September 15, 2003 624,080.83 Servicer's projection of the amount on deposit in the Overcollateralization Subaccount as of September 15, 2003 624,080.83
(G) THE REQUIRED CAPITAL AMOUNT AND THE SERVICER'S PROJECTION OF THE AMOUNT ON DEPOSIT IN THE CAPITAL SUBACCOUNT FOR THE PAYMENT DATE IMMEDIATELY PRECEDING THE NEXT SUCCEEDING ADJUSTMENT DATE Required Capital Amount as of September 15, 2003 3,744,485.00 Servicer's projection of the amount on deposit in the Capital Subaccount as of September 15, 2003 3,744,485.00
(H) THE SERVICER'S PROJECTION OF THE AMOUNT ON DEPOSIT IN THE RESERVE SUBACCOUNT FOR THE PAYMENT DATE IMMEDIATELY PRECEDING THE NEXT SUCCEEDING ADJUSTMENT DATE Servicer's projection of the amount on deposit in the Reserve Subaccount as of September 15, 2003 9,800,000.00
August 1, 2003 CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC (formerly RELIANT ENERGY, INCORPORATED), as Servicer by: /s/ Linda Geiger ---------------------------------------------- Linda Geiger Assistant Treasurer