CenterPoint Energy Transition Bond CO II, LLC - FORM 8-K - EX-99.1 - August 2, 2016

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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: January 29, 2016 through July 28, 2016

Payment Date: August 1, 2016

Today's Date: July 28, 2016

 

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

       
         i.      Remittances for the January 30, 2016 Collection Period      370,111.32       
         ii.      Remittances for the February 1 through 29, 2016 Collection Period      13,723,838.36       
         iii.      Remittances for the March 1 through 31, 2016 Collection Period      15,754,900.54       
         iv.      Remittances for the April 1 through 30, 2016 Collection Period      12,417,015.25       
         v.      Remittances for the May 1 through 31, 2016 Collection Period      13,523,532.03       
         vi.      Remittances for the June 1 through 30, 2016 Collection Period      15,741,109.47       
         vii.      Remittances for the July 1 through 28, 2016 Collection Period      16,773,895.19       
         viii.      Net Earnings on Collection Account        [1/1/16 through 6/30/16]     
         General Subaccount      90,371.78       
         Capital Subaccount      18,236.92       
         Excess Funds Subaccount      63,887.63       
       

 

 

      
         ix.      General Subaccount Balance (sum of i through viii above)      88,476,898.49       
       

 

 

      
         x.      Excess Funds Subaccount Balance as of Prior Payment Date      33,711,979.50       
         xi.      Capital Subaccount Balance as of Prior Payment Date      9,255,000.00       
       

 

 

      
         xii.      Collection Account Balance (sum of ix through xi above)      131,443,877.99       
       

 

 

      

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      0.00       
         iv.      Tranche A-4 Principal Balance      197,270,773.00       
         v.      Tranche A-5 Principal Balance      462,000,000.00       
       

 

 

      
         vi.      Aggregate Principal Balance of all Series A Transition Bonds      659,270,773.00       
       

 

 

      

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      0.00        0.00     
         iv.      Tranche A-4      121,240,531.00        76,030,242.00     
         v.      Tranche A-5      462,000,000.00        0.00     
       

 

 

    

 

 

    
         vi.      For all Series A Transition Bonds      583,240,531.00        76,030,242.00     
       

 

 

    

 

 

    
               

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        0.00   
         x.      Required Tranche A-4 Interest      5.170 %      180        5,099,449.48   
         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      2,500.00        
         ii.      Servicing Fee      462,750.00 (1)      
         iii.      Administration Fee and Independent Managers Fee      52,500.00 (2)      
         iv.      Operating Expenses      76,547.63 (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      0.00        0.00      
     4. Tranche A-4 Interest Payment      5,099,449.48        9.83      
     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      0.00        0.00      
     4. Tranche A-4 Principal Payment      76,030,242.00        146.49      
     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      0.00        
         x.      Net Earnings in Capital Subaccount Released to Issuer      0.00        
         xi.      Deposit to Excess Funds Subaccount      -5,494,710.62        
         xii.      Released to Issuer upon Series Retirement: Collection Account      0.00        
       

 

 

       
         xiii.      Aggregate Remittances as of Current Payment Date      88,476,898.49        
       

 

 

       
    

(1)  Servicing fee: $1,851,000,000 x 0.05% x 180/360 = $462,750.00

        
    

(2)  Administration fee: $100,000 x 180/360 = $50,000.00; Independent Managers fee: $2,500.00

        
    

(3)  Reimbursement to Administrator for fees/expenses paid to outside legal counsel ($2,243.70), printer ($1,335.00),

       independent public accountant ($47,891.11), rating agency ($10,000) and L/C issuing bank ($15,077.82)

     

         

     

5. Subaccount Withdrawals as of Current Payment Date

    (if applicable, pursuant to Section 8.02(d) of Indenture):

         
         i.      Excess Funds Subaccount (available for 4.i. through 4.ix.)      5,494,710.62         
         ii.      Capital Subaccount (available for 4.i. through 4.viii.)      0.00         
       

 

 

        
         iii.      Total Withdrawals      5,494,710.62         
       

 

 

        

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      0.00         
         iv.      Tranche A-4 Principal Balance      121,240,531.00         
         v.      Tranche A-5 Principal Balance      462,000,000.00         
       

 

 

        
         vi.      Aggregate Principal Balance for all Series A Transition Bonds      583,240,531.00         
       

 

 

        
         vii.      Excess Funds Subaccount Balance      28,217,268.88         
         viii.      Capital Subaccount Balance      9,273,236.92         
       

 

 

        
         ix.      Aggregate Collection Account Balance      37,490,505.80         
       

 

 

        

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 28th day of July, 2016.

    CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC, as Servicer

by: /s/ Robert B. McRae                                                                                                              

    Robert B. McRae

    Assistant Treasurer