Semiannual Servicers CertificateCenterPoint 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, betweenCenterPoint 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 Servicers Certificate have their respective meanings asset forth in the Agreement.References herein to certain sections and subsections are referencesto the respective sections and subsections of the Agreement. Collection Periods: September 14, 2010 through March 11, 2011Payment Date: March 15, 2011Today's Date: March 11, 2011

Contract Categories: Human Resources - Transition Agreements
EX-10.6 2 ex10-6.htm SEMIANNUAL SERVICER?S CERTIFICATE, DATED AS OF MARCH 13, 2011 ex10-6.htm
Exhibit 10.6
 
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: September 14, 2010 through March 11, 2011
Payment Date: March 15, 2011
Today's Date: March 11, 2011
 
1. Collections Allocable and Aggregate Amounts Available for Current Payment Date:
       
 
i.
Remittances for the September 14 through 30, 2010 Collection Period
7,207,929.50
       
 
ii.
Remittances for the October 1 through 31, 2010 Collection Period
11,336,896.37
       
 
iii.
Remittances for the November 1 through 30, 2010 Collection Period
9,679,906.16
       
 
iv.
Remittances for the December 1 through 31, 2010 Collection Period
8,777,918.23
       
 
v.
Remittances for the January 1 through 31, 2011 Collection Period
7,023,639.21
       
 
vi.
Remittances for the February 1 through 28, 2011 Collection Period
7,194,685.93
       
 
vii.
Remittances for the March 1 through 11, 2011 Collection Period
3,224,096.58
       
 
viii.
Net Earnings on Collection Account
       
[through 2/28/11]
   
   General Subaccount
   
6,072.16
       
   
   Overcollateralization Subaccount
   
646.09
       
   
   Capital Subaccount
   
866.79
       
   
   Reserve Subaccount
   
1,150.59
       
 
ix.
General Subaccount Balance (sum of i through viii above)
54,453,807.61
       
                   
 
x.
Reserve Subaccount Balance as of Prior Payment Date
 
4,214,830.93
       
 
xi.
Overcollateralization Subaccount Balance as of Prior Payment Date
2,808,363.75
       
 
xii.
Capital Subaccount Balance as of Prior Payment Date
 
3,744,485.00
       
 
xiii.
Collection Account Balance (sum of ix through xii above)
65,221,487.29
       
                   
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
   
295,814,313.00
       
 
v.
Aggregate Principal Balance of all Series 2001-1 Transition Bonds
295,814,313.00
       
                   
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
   
265,895,879.00
 
29,918,434.00
   
 
v.
For all Series 2001-1 Transition Bonds
   
265,895,879.00
 
29,918,434.00
   
                   
                   
          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
 
8,327,172.91
   
(1) On 30/360 Day basis.
             
 
 
 

 
 
             
Funding
   
           Required Level
 
Required
 
 
                   
 
x.
Overcollateralization Subaccount
   
2,964,383.96
 
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
   
2,500.00
       
 
ii.
Servicing Fee
   
187,224.25
 (1)
   
 
iii.
Administration Fee and Independent Managers Fee
53,500.00
 (2)
   
 
iv.
Operating Expenses
   
33,000.00
 (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
   
8,327,172.91
 
21.58
   
                   
 
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
   
29,918,434.00
 
77.53
   
                   
 
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
866.79
       
 
xiii.
Deposit to Reserve Subaccount
   
15,775,089.45
       
 
xiv.
Released to Issuer upon Series Retirement: Collection Account
0.00
       
 
xv.
Aggregate Remittances as of Current Payment Date
54,453,807.61
       
                   
                   
   
(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; Independent Managers fee: $3,500.00
   
(3) Reimbursement to Administrator for fees/expenses paid to rating agencies ($15,000.00),
   
       and independent accountants ($18,000.00).
 
 
 
 

 
 
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.)
0.00
       
 
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
   
0.00
       
                   
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
   
265,895,879.00
       
 
v.
Aggregate Principal Balance for all Series 2001-1 Transition Bonds
265,895,879.00
       
                   
 
vi.
Reserve Subaccount Balance
   
19,989,920.38
       
 
vii.
Overcollateralization Subaccount Balance
 
2,964,383.96
       
 
viii.
Capital Subaccount Balance
   
3,744,485.00
       
 
ix.
Aggregate Collection Account Balance
   
26,698,789.34
       
                   
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 11th day of March, 2011.
       
                   
 
CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC
         
 
(formerly RELIANT ENERGY, INCORPORATED), as Servicer
       
                   
 
by:
/s/ Linda Geiger
             
   
Linda Geiger
             
   
Assistant Treasurer