CenterPoint Energy Transition Bond CO II, LLC - FORM 8-K - EX-99.1 - SEMIANNUAL SERVICER'S CERTIFICATE

CenterPoint Energy Transition Bond CO II, LLC - FORM 8-K - EX-99.1 - SEMIANNUAL SERVICER'S CERTIFICATE - February 4, 2013

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Attached files

file	filename
8-K - FORM 8-K - CenterPoint Energy Transition Bond CO II, LLC	d479537d8k.htm

Exhibit 99.1

Semiannual Servicer’s Certificate

CenterPoint Energy Transition Bond Company II, LLC

$1,851,000,000 Series A Transition Bonds

Pursuant to Section 6 of Annex 1 to the Transition Property Servicing Agreement (the “Agreement”), dated as of December 16, 2005, between CenterPoint Energy Houston Electric, LLC, as Servicer, and CenterPoint Energy Transition Bond Company II, 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: July 31, 2012 through January 30, 2013

Payment Date: February 1, 2013

Today’s Date: January 30, 2013

1. Collections Allocable and Aggregate Amounts Available for Current Payment Date:


i.	Remittances for the July 31, 2012 Collection Period	1,337,575.60
ii.	Remittances for the August 1 through 31, 2012 Collection Period	20,190,313.62
iii.	Remittances for the September 1 through 30, 2012 Collection Period	18,937,314.75
iv.	Remittances for the October 1 through 31, 2012 Collection Period	22,106,619.07
v.	Remittances for the November 1 through 30, 2012 Collection Period	17,942,682.50
vi.	Remittances for the December 1 through 31, 2012 Collection Period	14,220,191.65
vii.	Remittances for the January 1 through 30, 2013 Collection Period	12,851,951.63
viii.	Net Earnings on Collection Account		[through 12/31/12]
	General Subaccount	32,268.94
	Capital Subaccount	11,248.73
	Excess Funds Subaccount	9,214.77

ix.	General Subaccount Balance (sum of i through viii above)	107,639,381.26


x.	Excess Funds Subaccount Balance as of Prior Payment Date	15,487,846.16
xi.	Capital Subaccount Balance as of Prior Payment Date (1)	9,255,000.00

xii.	Collection Account Balance (sum of ix through xi above)	132,382,227.42

(1)	Net of unreleased earnings moved into General Subaccount

2. Outstanding Amounts as of Prior Payment Date:


i.	Tranche A-1 Principal Balance	0.00
ii.	Tranche A-2 Principal Balance	0.00
iii.	Tranche A-3 Principal Balance	213,121,395.00
iv.	Tranche A-4 Principal Balance	519,000,000.00
v.	Tranche A-5 Principal Balance	462,000,000.00

vi.	Aggregate Principal Balance of all Series A Transition Bonds	1,194,121,395.00

3. Required Funding/Payments as of Current Payment Date:


	Series A Principal	Projected Principal Balance		Semiannual Principal Due

i.	Tranche A-1		0.00		0.00
ii.	Tranche A-2		0.00		0.00
iii.	Tranche A-3		136,291,216.00		76,830,179.00
iv.	Tranche A-4		519,000,000.00		0.00
v.	Tranche A-5		462,000,000.00		0.00

vi.	For all Series A Transition Bonds		1,117,291,216.00		76,830,179.00


		Transition Bond Interest Rate			Days in Interest Period (1)		Interest Due

vii.	Required Tranche A-1 Interest		4.840	%		180		0.00
viii.	Required Tranche A-2 Interest		4.970	%		180		0.00
ix.	Required Tranche A-3 Interest		5.090	%		180		5,423,939.50
x.	Required Tranche A-4 Interest		5.170	%		180		13,416,150.00
xi.	Required Tranche A-5 Interest		5.302	%		180		12,247,620.00

(1)	On 30/360 Day basis.


		Required Level		Funding Required

xii.	Capital Subaccount		9,255,000.00		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				462,750.00	(1)
iii.	Administration Fee and Independent Managers Fee				50,000.00	(2)
iv.	Operating Expenses				66,171.37	(3)
v.	Semiannual Interest (including any past-due Semiannual Interest for prior periods)

	Series A	Aggregate		Per 1,000 of Original Principal Amount

	1. Tranche A-1 Interest Payment		0.00		0.00
	2. Tranche A-2 Interest Payment		0.00		0.00
	3. Tranche A-3 Interest Payment		5,423,939.50		21.52
	4. Tranche A-4 Interest Payment		13,416,150.00		25.85
	5. Tranche A-5 Interest Payment		12,247,620.00		26.51

vi.	Principal Due and Payable as a result of (A) Event of Default or (B) on Final Maturity Date

	Series A	Aggregate		Per 1,000 of Original Principal Amount

	1. Tranche A-1 Principal Payment		0.00		0.00
	2. Tranche A-2 Principal Payment		0.00		0.00
	3. Tranche A-3 Principal Payment		0.00		0.00
	4. Tranche A-4 Principal Payment		0.00		0.00
	5. Tranche A-5 Principal Payment		0.00		0.00

	(C) Principal Scheduled to be Paid on Current Payment Date

	Series A	Aggregate		Per 1,000 of Original Principal Amount

	1. Tranche A-1 Principal Payment		0.00		0.00
	2. Tranche A-2 Principal Payment		0.00		0.00
	3. Tranche A-3 Principal Payment		76,830,179.00		304.88
	4. Tranche A-4 Principal Payment		0.00		0.00
	5. Tranche A-5 Principal Payment		0.00		0.00

vii.	Amounts Payable to Credit Enhancement Providers (if applicable)		N/A
viii.	Operating Expenses not Paid under Clause (iv) above		0.00
ix.	Funding of Capital Subaccount		11,248.73
x.	Net Earnings in Capital Subaccount Released to Issuer		0.00
xi.	Deposit to Excess Funds Subaccount		0.00
xii.	Released to Issuer upon Series Retirement: Collection Account		0.00

xiii.	Aggregate Remittances as of Current Payment Date		108,508,058.60

(1)	Servicing fee: $1,851,000,000 x .05% x 180/360 = $462,750.00

(2)	Administration fee: $100,000 x 180/360 = $50,000.00; Independent Managers fee: $0.00

(3)	Reimbursement to Administrator for fees/expenses paid to outside legal counsel ($4,935.00), independent public accountant ($17,800.00), printer ($700.00), rating agencies ($17,500.00) and L/C issuing bank ($25,236.37)

5. Subaccount Withdrawals as of Current Payment Date (if applicable, pursuant to Section 8.02(d) of Indenture):

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 A
i.	Tranche A-1 Principal Balance	0.00
ii.	Tranche A-2 Principal Balance	0.00
iii.	Tranche A-3 Principal Balance	136,291,216.00
iv.	Tranche A-4 Principal Balance	519,000,000.00
v.	Tranche A-5 Principal Balance	462,000,000.00

vi.	Aggregate Principal Balance for all Series A Transition Bonds	1,117,291,216.00


vii.	Excess Funds Subaccount Balance	14,619,168.82
viii.	Capital Subaccount Balance	9,266,248.73

ix.	Aggregate Collection Account Balance	23,885,417.55

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 A
	1. Tranche A-1 Bond Interest Payment	0.00
	2. Tranche A-2 Bond Interest Payment	0.00
	3. Tranche A-3 Bond Interest Payment	0.00
	4. Tranche A-4 Bond Interest Payment	0.00
	5. Tranche A-5 Bond Interest Payment	0.00

ii.	Semiannual Principal
	Series A
	1. Tranche A-1 Principal Payment	0.00
	2. Tranche A-2 Principal Payment	0.00
	3. Tranche A-3 Principal Payment	0.00
	4. Tranche A-4 Principal Payment	0.00
	5. Tranche A-5 Principal Payment	0.00

8. Shortfall in Required Subaccount Level as of Current Payment Date (after giving effect to payments to be made on such Payment Date):


i.		Capital Subaccount			0.00


		IN WITNESS HEREOF, the undersigned has duly executed and delivered this Semiannual Servicer’s Certificate this 30th day of January, 2013.

		CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC, as Servicer

by:		/s/ Linda Geiger
		Linda Geiger
		Assistant Treasurer

Excess Funds Subaccount (available for 4.i. through 4.ix.)

Capital Subaccount (available for 4.i. through 4.viii.)

Total Withdrawals