Exhibit 33.1



REPORT ON ASSESSMENT OF
COMPLIANCE WITH SERVICING CRITERIA FOR ASSET-BACKED ISSUERS



The undersigned hereby certifies that she is the
duly elected and acting Assistant Treasurer-Corporate Finance and Cash Management of Public Service Company of New Hampshire, as servicer
(the “Servicer”) under the Servicing Agreement, dated as of May 8, 2018, (the “Servicing Agreement”),
between the Servicer and PSNH Funding LLC 3 (the “Issuing Entity”), and further certifies on behalf of the Servicer
that:



1.            In
my capacity as Assistant Treasurer-Corporate Finance and Cash Management of the Servicer, I am responsible for assessing the Servicer’s
compliance with the servicing criteria set forth in Item 1122(d) of Regulation AB (the “Servicing Criteria”);



2.            With
respect to each of the Servicing Criteria, the undersigned has made the following assessment of the Servicing Criteria in accordance with
Item 1122(d) of Regulation AB, with such discussion regarding the performance of such Servicing Criteria during the fiscal year ended
December 31, 2022 covered by the Issuing Entity’s annual report on Form 10-K:



|Regulation
    AB
 Reference | Servicing
    Criteria                                                                                                                                                                                                                                                                                                                                                              | Applicable

    Servicing Criteria | Inapplicable

    Servicing Criteria
|---------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------------------------------- | ------------------------------------
|                             | General Servicing Considerations                                                                                                                                                                                                                                                                                                                                                   
|1122(d)(1)(i)                | Policies and procedures are
    instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements.                                                                                                                                                                                                                        | X                                  |                                     
|1122(d)(1)(ii)               | If any material servicing
    activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance
    and compliance with such servicing activities.                                                                                                                                                                        |                                    | X                                   
|1122(d)(1)(iii)              | Any
    requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained.                                                                                                                                                                                                                                                               |                                    | X                                   
|1122(d)(1)(iv)               | A fidelity bond and errors
    and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount
    of coverage required by and otherwise in accordance with the terms of the transaction agreements.                                                                                                           |                                    | X                                   
|1122(d)(1)(v)                | Aggregation of information,
    as applicable, is mathematically accurate and the information conveyed accurately reflects the information.                                                                                                                                                                                                                                         | X                                  |                                     
|                             | Cash
Collection and Administration                                                                                                                                                                                                                                                                                                                                                 
|1122(d)(2)(i)                | Payments on pool assets are
    deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following
    receipt, or such other number of days specified in the transaction agreements.                                                                                                                               | X                                  |                                     
|1122(d)(2)(ii)               | Disbursements
    made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.                                                                                                                                                                                                                                                           | X                                  |                                     
|1122(d)(2)(iii)              | Advances of funds or guarantees
    regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed
    and approved as specified in the transaction agreements.                                                                                                                                                   |                                    | X                                   
|1122(d)(2)(iv)               | The related accounts for
    the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained
    (e.g., with respect to commingling of cash) as set forth in the transaction agreements.                                                                                                                       | X                                  |                                     
|1122(d)(2)(v)                | Each custodial account is
    maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion,
    “federally insured depository institution” with respect to a foreign financial institution means a foreign financial
    institution that meets the requirements of Rule 13k-1(b)(1) under the Exchange Act. | X                                  |                                     













|1122(d)(2)(vi)  | Unissued
    checks are safeguarded so as to prevent unauthorized access.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | X
|--------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | - | -
|1122(d)(2)(vii) | Reconciliations
    are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank
    clearing accounts. These reconciliations are: (A) mathematically accurate; (B) prepared within 30 calendar days after the
    bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved
    by someone other than the person who prepared the reconciliation; and (D) contain explanations for reconciling items. These
    reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in
    the transaction agreements. | X |  
|                | Investor
Remittances and Reporting                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|1122(d)(3)(i)   | Reports
    to investors, including those to be filed with the SEC, are maintained in accordance with the transaction agreements and applicable
    SEC requirements. Specifically, such reports: (A) are prepared in accordance with timeframes and other terms set forth in the
    transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements;
    (C) are filed with the SEC as required by its rules and regulations; and (D) agree with investors’ or the trustee’s
    records as to the total unpaid principal balance and number of pool assets serviced by the servicer.                                                                       | X |  
|1122(d)(3)(ii)  | Amounts
    due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the
    transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | X |  
|1122(d)(3)(iii) | Disbursements
    made to an investor are posted within two business days to the servicer’s investor records, or such other number of days specified
    in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | X |  
|1122(d)(3)(iv)  | Amounts
    remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | X |  
|                | Pool
    Asset Administration                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |  
|1122(d)(4)(i)   | Collateral
    or security on pool assets is maintained as required by the transaction agreements or related pool asset documents.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | X |  
|1122(d)(4)(ii)  | Pool
    assets and related documents are safeguarded as required by the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | X |  
|1122(d)(4)(iii) | Any additions,
    removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in
    the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | X
|1122(d)(4)(iv)  | Payments
    on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the servicer’s
    obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction
    agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents.                                                                                                                                                                                                                                                                                                      | X |  
|1122(d)(4)(v)   | The servicer’s
    records regarding the pool assets agree with the servicer’s records with respect to an obligor’s unpaid principal balance.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | X
|1122(d)(4)(vi)  | Changes
    with respect to the terms or status of an obligor’s pool assets (e.g., loan modifications or re-agings) are made, reviewed
    and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents.                                                                                                                                                                                                                                                                                                                                                                                                                                                               | X |  
|1122(d)(4)(vii) | Loss mitigation
    or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as
    applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction
    agreements.                                                                                                                                                                                                                                                                                                                                                                                                            | X |  













|1122(d)(4)(viii) | Records
    documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements.
    Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe
    the entity’s activities in monitoring delinquent pool assets, including, for example, phone calls, letters and payment rescheduling
    plans in cases where delinquency is deemed temporary (e.g., illness or unemployment).                                                                           | X |  
|---------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | - | -
|1122(d)(4)(ix)   | Adjustments
    to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents.                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   | X
|1122(d)(4)(x)    | Regarding
    any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s
    pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest
    on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such
    funds are returned to the obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days
    specified in the transaction agreements. |   | X
|1122(d)(4)(xi)   | Payments
    made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as
    indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at
    least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements.                                                                                                                                                                                               |   | X
|1122(d)(4)(xii)  | Any late
    payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer’s funds and
    not charged to the obligor, unless the late payment was due to the obligor’s error or omission.                                                                                                                                                                                                                                                                                                                                                               |   | X
|1122(d)(4)(xiii) | Disbursements
    made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the servicer, or such
    other number of days specified in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                         |   | X
|1122(d)(4)(xiv)  | Delinquencies,
    charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | X |  
|1122(d)(4)(xv)   | Any external
    enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as
    set forth in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                     |   | X



3.            To
the best of the undersigned’s knowledge, based on such review, the Servicer is in compliance in all material respects with the applicable
Servicing Criteria set forth above as of and for the year ended December 31, 2022 covered by the Issuing Entity’s annual report
on Form 10-K.



4.            Deloitte &
Touche LLP, an independent registered public accounting firm, has issued an attestation report on its assessment of the Servicer’s
compliance with the applicable Servicing Criteria as of and for the year ended December 31, 2022 covered by the Issuing Entity’s
annual report on Form 10-K.













Executed as of this 29th day of
March 2023.



| | PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE
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| | By:                                    
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