Exhibit 99(e)

SEMI-ANNUAL SERVICERS CERTIFICATE

ONCOR ELECTRIC DELIVERY TRANSITION BOND COMPANY LLC,

$789,777,000 Transition Bonds, Series 2004-1

Oncor Electric Delivery Company, as Servicer.

Pursuant to Section 4.01(c)(ii) of the Series 2004-1
Transition Property Servicing Agreement dated as of June 7, 2004 (the Agreement) between Oncor Electric Delivery Company, as Servicer and Oncor Electric Delivery Transition Bond Company LLC, as Issuer, the Servicer does hereby
certify as follows:

Capitalized terms used herein have the respective meanings as set forth in the Agreement. References herein to certain
sections and subsections are references to the respective sections of the Agreement.



|                    |  |                         
|------------------- |  | ------------------------
|Collection Periods: |  | May 2008 to October 2008
|Payment Date:       |  | November 14, 2008       
|Todays Date:       |  | November 7, 2008        



|   |  |       |  |  |  |                                                                                      |  |   |             
|-- |  | ----- |  |  |  | ------------------------------------------------------------------------------------ |  | - | ------------
|1. |  |       |  |  |  | COLLECTIONS ALLOCABLE AND AGGREGATE AMOUNTS AVAILABLE FOR THE CURRENT PAYMENT DATE:  |  |   |             
|   |  | i.    |  |  |  | Remittances for the May 2008 Series 2004.-1 Collection Period                        |  | $ | 6,681,895.72
|   |  | ii.   |  |  |  | Remittances for the June 2008 Series 2004.-1 Collection Period                       |  | $ | 5,596,385.63
|   |  | iii.  |  |  |  | Remittances for the July 2008 Series 2004.-1 Collection Period                       |  | $ | 7,350,666.57
|   |  | iv.   |  |  |  | Remittances for the August 2008 Series 2004.-1 Collection Period                     |  | $ | 8,025,112.73
|   |  | v.    |  |  |  | Remittances for the September 2008 Series 2004.-1 Collection Period                  |  | $ | 8,982,642.71
|   |  | vi.   |  |  |  | Remittances for the October 2008 Series 2004.-1 Collection Period                    |  | $ | 7,617,492.17
|   |  | vii.  |  |  |  | Remittances for the Series 2004-1 Collection Period after (use 6 prior periods only) |  | $ |             
|   |  | viii. |  |  |  | Remittances for the Series 2004-1 Collection Period after (use 6 prior periods only) |  | $ |             
|   |  | ix.   |  |  |  | Remittances for the Series 2004-1 Collection Period after (use 6 prior periods only) |  | $ |             
|   |  | x.    |  |  |  | Remittances for the Series 2004-1 Collection Period                                  |  | $ |             
|   |  | xi.   |  |  |  | Remittances for the Series 2004-1 Collection Period                                  |  | $ |             
|   |  | xii.  |  |  |  | Investment Earnings on Series 2004-1 Collection Account:                             |  | $ | 0.00        
|   |  | xiii. |  |  |  | Investment Earnings on Series 2004-1 Capital Subaccount                              |  | $ | 26,824.79   
|   |  | xiv.  |  |  |  | Investment Earnings on Series 2004-1 Overcollateralization Subaccount                |  | $ | 8,194.62    
|   |  | xv.   |  |  |  | Investment Earnings on Series 2004-1 Reserve Subaccount:                             |  | $ | 9,720.78    
|   |  | xvi.  |  |  |  | Investment Earnings on Series 2004-1 General Subaccount                              |  | $ | 130,478.89  
|   |  |       |  |  |  |                                                                                      |  |   |             



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|   |  |        |  |                                                                                               |  |   |               
|-- |  | ------ |  | --------------------------------------------------------------------------------------------- |  | - | --------------
|   |  | xvii.  |  | Series 2004-1 General Subaccount Balance (sum of i through xvi above):                        |  | $ | 44,429,414.61 
|   |  |        |  |                                                                                               |  |   |               
|   |  | xviii. |  | Series 2004-1 Reserve Subaccount Balance as of Prior Series 2004-1 Payment Date               |  | $ | 1,531,268.73  
|   |  | xix.   |  | Series 2004-1 Overcollateralization Subaccount Balance as of Prior Series 2004-1 Payment Date |  | $ | 1,316,296.00  
|   |  | xx.    |  | Series 2004-1 Capital Subaccount Balance as of Prior Series 2004-1 Payment Date               |  | $ | 3,948,885.00  
|   |  |        |  |                                                                                               |  |   |               
|   |  | xxi.   |  | Series 2004-1 Collection Account Balance (sum of xvii. through xx above)                      |  | $ | 51,225,864.34 
|   |  |        |  |                                                                                               |  |   |               
|   |  |        | 
|2. |  |        |  | OUTSTANDING AMOUNTS AS OF PRIOR SERIES 2004-1 PAYMENT DATE:                                   |  |   |               
|   |  | i.     |  | Class A-1 Outstanding Amount                                                                  |  | $ | 71,373,645.00 
|   |  | ii.    |  | Class A-2 Outstanding Amount                                                                  |  | $ | 221,000,000.00
|   |  | iii.   |  | Class A-3 Outstanding Amount                                                                  |  | $ | 289,777,000.00
|   |  |        |  |                                                                                               |  |   |               
|   |  | iv.    |  |                                                                                               |  | $ |               
|   |  | v.     |  | Aggregate Outstanding Amount of All Series 2004-1 Bonds                                       |  | $ | 582,150,645.00
|   |  |        |  |                                                                                               |  |   |               
|   |  |        | 
|3. |  |        |  | REQUIRED FUNDING/PAYMENTS AS OF CURRENT PAYMENT DATE:                                         |  |   |               



| |  |  |  |      |  |                             |  |   |              
| |  |  |  | ---- |  | --------------------------- |  | - | -------------
| |  |  |  |      |  | PRINCIPALDUE               
| |  |  |  |      |  | SERIES 2004-1 PRINCIPAL     | 
| |  |  |  | i.   |  | Class A-1                   |  | $ | 32,379,952.00
| |  |  |  | ii   |  | Class A-2                   |  | $ | 0.00         
| |  |  |  | iii. |  | Class A-3                   |  | $ | 0.00         
| |  |  |  |      |  |                             |  |   |              
| |  |  |  | iv.  |  |                             |  |   |              
| |  |  |  | v.   |  | For all Series 2004-1 Bonds |  |   | 32,379,952.00
| |  |  |  |      |  |                             |  |   |              



| |  |       |  |                             |  |                  |   |  |                          |  |                  |                |              |   |              
| |  | ----- |  | --------------------------- |  | ---------------- | - |  | ------------------------ |  | ---------------- | -------------- | ------------ | - | -------------
| |  |       |  | SERIES 2004-1               |  | BONDINTERESTRATE |   |  | DAYS ININTERESTPERIOD(1) |  | PRINCIPALBALANCE |                | INTEREST DUE
| |  | vi.   |  | Class A-1                   |  | 3.52             | % |  | 180                      |  | $                | 71,373,645.00  |              | $ | 1,256,176.15 
| |  | vii.  |  | Class A-2                   |  | 4.81             | % |  | 180                      |  | $                | 221,000,000.00 |              | $ | 5,315,050.00 
| |  | viii. |  | Class A-3                   |  | 5.29             | % |  | 180                      |  | $                | 289,777,000.00 |              | $ | 7,664,601.65 
| |  | ix.   |  |                             |  |                  |   |  |                          |  |                  |                |              |   |              
| |  | x.    |  | For All Series 2004-1 Bonds |  |                  |   |  |                          |  | $                | 582,150,645.00 |              | $ | 14,235,827.80
| |  |       |  |                             |  |                  |   |  |                          |  |                  |                |              |   |              



| |  |      |  |                                                |  |               |              |                 |   |           
| |  | ---- |  | ---------------------------------------------- |  | ------------- | ------------ | --------------- | - | ----------
| |  |      |  |                                                |  | REQUIREDLEVEL |              | FUNDINGREQUIRED
| |  | xi.  |  | Series 2004-1 Overcollateralization Subaccount |  | $             | 1,480,833.00 |                 | $ | 164,537.00
| |  | xii. |  | Series 2004-1 Capital Subaccount               |  | $             | 3,948,885.00 |                 | $ | 0.00      



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|   |  |      |  |                                                                                        |  |   |              
|-- |  | ---- |  | -------------------------------------------------------------------------------------- |  | - | -------------
|   |  | (1)  |  | On 30/360 day basis for initial payment date; otherwise use one-half of annual rate.   |  |   |              
|   |  |      | 
|4. |  |      |  | ALLOCATION OF REMITTANCES AS OF CURRENT PAYMENT DATE PURSUANT TO §8.02(d) OF INDENTURE |  |   |              
|   |  |      | 
|   |  | i.   |  | Trustee Fees and Expenses (subject to cap-see 8.02(e)(i) of the Indenture):            |  | $ | 0.00         
|   |  | ii.  |  | Indenture Manager Fees (subject to cap-see 8.02(e)(i) of the Indenture):               |  | $ | 0.00         
|   |  | iii. |  | Series 2004-1 Servicing Fee:                                                           |  | $ | 122,444.25   
|   |  | iv.  |  | Operating Expenses (subject to cap-see 8.02(e)(iii) of the Indenture):                 |  |   |              
|   |  |      |  | Trust Operating Expense:                                                               |  | $ | 0.00         
|   |  |      |  | Trust Accounting Expense:                                                              |  | $ | 0.00         
|   |  |      |  | Rating Agency Fees (reimburse Servicer):                                               |  | $ | 10,000.00    
|   |  |      |  | Administration Fee:                                                                    |  | $ | 0.00         
|   |  |      |  | Audit Fee (reimburse Administrator - Sec 3 of Agrmt)                                   |  | $ | 25,577.00    
|   |  |      |  |                                                                                        |  |   |              
|   |  |      |  | Total Fees and Expenses (I through iv.)                                                |  | $ | 158,021.25   
|   |  |      |  |                                                                                        |  |   |              
|   |  |      | 
|   |  | v.   |  | Semi-Annual Interest -including any past-due for prior period(s)                       |  |   |              
|   |  |      | 
|   |  |      |  | SERIES 2004-1                                                                          |  |   |              
|   |  |      |  | 1. Class A-1 Interest Payment                                                          |  | $ | 1,256,176.15 
|   |  |      |  | 2. Class A-2 Interest Payment                                                          |  | $ | 5,315,050.00 
|   |  |      |  | 3. Class A-3 Interest Payment                                                          |  | $ | 7,664,601.65 
|   |  |      | 
|   |  | vi.  |  | Principal Due and Payable as a Result of Event of Default or on Final Maturity Date    |  |   |              
|   |  |      | 
|   |  |      |  | SERIES 2004-1                                                                          |  |   |              
|   |  |      |  | 1. Class A-1 Principal Payment                                                         |  | $ | 0.00         
|   |  |      |  | 2. Class A-2 Principal Payment                                                         |  | $ | 0.00         
|   |  |      |  | 3. Class A-3 Principal Payment                                                         |  | $ | 0.00         
|   |  |      | 
|   |  | vii. |  | Semi-Annual Principal                                                                  |  |   |              
|   |  |      | 
|   |  |      |  | SERIES 2004-1                                                                          |  |   |              
|   |  |      |  | 1. Class A-1 Principal Payment                                                         |  | $ | 32,379,952.00
|   |  |      |  | 2. Class A-2 Principal Payment                                                         |  | $ | 0.00         
|   |  |      |  | 3. Class A-3 Principal Payment                                                         |  | $ | 0.00         



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|   |  |       |  |                                                                                                                                                               |  |   |               
|-- |  | ----- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | - | --------------
|4. |  |       |  | ALLOCATION OF REMITTANCES AS OF CURRENT PAYMENT DATE PURSUANT TO §8.02(d) OF INDENTURE (CONTINUED)                                                            |  |   |               
|   |  |       | 
|   |  | viii. |  | Funding of Series 2004-1 Capital Subaccount (to required level)                                                                                               |  | $ | 0.00          
|   |  | ix.   |  | Funding of Series 2004-1 Overcollateralization Subaccount (to required level)                                                                                 |  | $ | 164,537.00    
|   |  | x.    |  | Investment Earnings on Series 2004-1 Capital Subaccount Released to Issuer                                                                                    |  | $ | 26,824.79     
|   |  | xi.   |  | Deposit to Series 2004-1 Reserve Subaccount                                                                                                                   |  | $ | 0.00          
|   |  | xii.  |  | Released to Issuer upon Retirement of all Bonds                                                                                                               |  | $ | 0.00          
|   |  | xiii. |  | AGGREGATE REMITTANCES AS OF CURRENT PAYMENT DATE                                                                                                              |  | $ | 46,965,162.84 
|   |  |       |  |                                                                                                                                                               |  |   |               
|   |  |       | 
|5. |  |       |  | OUTSTANDING AMOUNT AND SERIES 2004-1 COLLECTION ACCOUNT BALANCE AS OF CURRENT PAYMENT DATE (AFTER GIVING EFFECT TO PAYMENTS TO BE MADE ON
SUCH PAYMENT DATE): |  |   |               
|   |  |       | 
|   |  |       |  | SERIES 2004-1                                                                                                                                                 |  |   |               
|   |  |       | 
|   |  | i.    |  | Class A-1 Outstanding Amount                                                                                                                                  |  | $ | 38,993,693.00 
|   |  | ii.   |  | Class A-2 Outstanding Amount                                                                                                                                  |  | $ | 221,000,000.00
|   |  | iii.  |  | Class A-3 Outstanding Amount                                                                                                                                  |  | $ | 289,777,000.00
|   |  |       |  |                                                                                                                                                               |  |   |               
|   |  | iv.   |  |                                                                                                                                                               |  |   |               
|   |  | v.    |  | AGGREGATE OUTSTANDING AMOUNT OF ALL SERIES 2004-1 BONDS                                                                                                       |  | $ | 549,770,693.00
|   |  |       |  |                                                                                                                                                               |  |   |               
|   |  |       | 
|   |  | vi.   |  | Series 2004-1 Reserve Subaccount Balance                                                                                                                      |  | $ | 0.00          
|   |  | vii.  |  | Series 2004-1 Overcollateralization Subaccount Balance                                                                                                        |  | $ | 476,353.50    
|   |  | viii. |  | Series 2004-1 Capital Subaccount Balance                                                                                                                      |  | $ | 3,948,885.00  
|   |  |       |  |                                                                                                                                                               |  |   |               
|   |  | ix.   |  | AGGREGATE SERIES 2004-1 COLLECTION ACCOUNT BALANCE                                                                                                            |  | $ | 4,425,238.50  
|   |  |       |  |                                                                                                                                                               |  |   |               
|   |  |       | 
|6. |  |       |  | SUBACCOUNT WITHDRAWALS AS OF CURRENT PAYMENT DATE (IFAPPLICABLE, PURSUANT TO SECTION 8.02(e) OF INDENTURE):                                                   |  |   |               
|   |  |       | 
|   |  | i.    |  | Series 2004-1 Reserve Subaccount                                                                                                                              |  | $ | 1,531,268.73  
|   |  | ii.   |  | Series 2004-1 Overcollateralization Subaccount                                                                                                                |  | $ | 1,004,479.50  
|   |  | iii.  |  | Series 2004-1 Capital Subaccount                                                                                                                              |  | $ | 0.00          
|   |  |       |  |                                                                                                                                                               |  |   |               
|   |  | iv.   |  | TOTAL WITHDRAWALS                                                                                                                                             |  | $ | 2,535,748.23  
|   |  |       |  |                                                                                                                                                               |  |   |               



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|   |  |     |  |                                                                                    |  |   |             
|-- |  | --- |  | ---------------------------------------------------------------------------------- |  | - | ------------
|7. |  |     |  | SHORTFALLS IN INTEREST AND PRINCIPAL PAYMENTS AS OF CURRENT PAYMENT DATE;          |  |   |             
|   |  | i.  |  | Semi-annual Interest                                                               |  |   |             
|   |  |     | 
|   |  |     |  | SERIES 2004-1                                                                      |  |   |             
|   |  |     |  | 1. Class A-1 Interest Payment                                                      |  | $ | 0.00        
|   |  |     |  | 2. Class A-2 Interest Payment                                                      |  | $ | 0.00        
|   |  |     |  | 3. Class A-3 Interest Payment                                                      |  | $ | 0.00        
|   |  |     | 
|   |  | ii. |  | Semi-annual Principal                                                              |  |   |             
|   |  |     |  | SERIES 2004-1                                                                      |  |   |             
|   |  |     |  | 1. Class A-1 Principal Payment                                                     |  | $ | 0.00        
|   |  |     |  | 2. Class A-2 Principal Payment                                                     |  | $ | 0.00        
|   |  |     |  | 3. Class A-3 Principal Payment                                                     |  | $ | 0.00        
|   |  |     | 
|8. |  |     |  | SHORTFALLS IN REQUIRED SERIES 2004-1 SUBACCOUNT LEVELS AS OF CURRENT PAYMENT DATE: |  |   |             
|   |  |     | 
|   |  | i.  |  | Series 2004-1 Overcollateralization Subaccount                                     |  | $ | 1,004,479.50
|   |  | ii. |  | Series 2004-1 Capital Subaccount                                                   |  | $ | 0.00        

IN WITNESS HEREOF, the undersigned has duly
executed and delivered this Semi-Annual Servicers Certificate this 7thday of November, 2008.



ONCOR ELECTRIC DELIVERY COMPANY,as ServicerBy

/s/ John M. CaseyName:

John M. CaseyTitle:

Treasurer




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