Attached files
file | filename |
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10-K - FORM 10-K - CenterPoint Energy Restoration Bond Company, LLC | h71826e10vk.htm |
EX-31.1 - EX-31.1 - CenterPoint Energy Restoration Bond Company, LLC | h71826exv31w1.htm |
EX-33.2 - EX-33.2 - CenterPoint Energy Restoration Bond Company, LLC | h71826exv33w2.htm |
EX-33.1 - EX-33.1 - CenterPoint Energy Restoration Bond Company, LLC | h71826exv33w1.htm |
EX-35.1 - EX-35.1 - CenterPoint Energy Restoration Bond Company, LLC | h71826exv35w1.htm |
EX-34.2 - EX-34.2 - CenterPoint Energy Restoration Bond Company, LLC | h71826exv34w2.htm |
Exhibit 34.1
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Member of
CenterPoint Energy Houston Electric, LLC
Houston, Texas
CenterPoint Energy Houston Electric, LLC
Houston, Texas
We have examined managements assertion, included as Exhibit 33.1 and titled Report on Assessment
of Compliance with Servicing Criteria for Asset-Backed Securities, that CenterPoint Energy Houston
Electric, LLC (the Company) complied with the servicing criteria set forth in Item 1122(d) of the
Securities and Exchange Commissions Regulation AB applicable for the approximately $665 million
original principal amount of CenterPoint Energy Restoration Bond Company, LLCs restoration bonds
(the 2009 Senior Secured Restoration Bonds) as of December 31, 2009 and for the period November
25, 2009 (issuance date of the 2009 Senior Secured Restoration Bonds) through December 31, 2009,
excluding criteria 1122(d)(1)(ii) (outsourcing), (1)(iii) (back-up servicing), (1)(iv)
(fidelity bond), (2)(ii) (wire transfer disbursements), (2)(vi) (unissued checks), (3)(ii)
(allocation and remittance), (3)(iii) (disbursements to investors), (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), which management has determined are not
applicable to the activities performed by the Company with respect to
the 2009 Senior Secured Restoration Bonds. Management is responsible for the Companys compliance with the servicing
criteria. Our responsibility is to express an opinion on managements assertion about the
Companys compliance with the servicing criteria based on our examination.
Our examination was conducted in accordance with attestation standards established by the American
Institute of Certified Public Accountants, as adopted by the Public Company Accounting Oversight
Board (United States), and, accordingly, included examining, on a test basis, evidence about the
Companys compliance with the applicable servicing criteria, including tests on a sample basis of
the servicing activities related to the 2009 Senior Secured Restoration Bonds, determining
whether the Company performed those selected activities in compliance with the servicing criteria
during the specified period, and performing such other procedures as we considered necessary in the
circumstances. Further, an examination is not designed to detect noncompliance arising from errors
that may have occurred prior to the period specified above 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 a reasonable basis for our opinion. Our examination does not provide
a legal determination on the Companys compliance with the servicing criteria.
In our opinion, managements assertion that the Company complied with the aforementioned applicable
servicing criteria as of December 31, 2009 and for the period November 25, 2009 through December
31, 2009 for the approximately $665 million original principal amount of CenterPoint Energy
Restoration Bond Company, LLCs restoration bonds is fairly stated, in all material respects.
/s/ DELOITTE & TOUCHE LLP
Houston, Texas
March 30, 2010
March 30, 2010