exv10w1



 

	





Exhibit 10.1




Semiannual Servicer’s Certificate

CenterPoint Energy Transition Bond Company, LLC (formerly Reliant Energy Transition Bond Company LLC)

$748,897,000 Transition Bonds, Series 2001-1



Pursuant to Section 6 of Annex 1 to the Transition Property Servicing Agreement (the “Agreement”), dated as of October 24, 2001, between
CenterPoint Energy Houston Electric, LLC (formerly Reliant Energy, Incorporated), as Servicer, and CenterPoint Energy Transition Bond Company, LLC
(formerly Reliant Energy Transition Bond Company 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: March 15, 2007 through September 14, 2007

Payment Date: September 17, 2007

Today’s Date: September 14, 2007




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




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	i.	 	Remittances for the March 15 through 31, 2007 Collection Period
	 	 	3,982,663.75	 	 	 	 	 	 	 	 	 
	 	 	ii.	 	Remittances for the April 1 through 30, 2007 Collection Period
	 	 	6,348,811.35	 	 	 	 	 	 	 	 	 
	 	 	iii.	 	Remittances for the May 1 through 31, 2007 Collection Period
	 	 	6,413,792.50	 	 	 	 	 	 	 	 	 
	 	 	iv.	 	Remittances for the June 1 through 30, 2007 Collection Period
	 	 	7,018,890.19	 	 	 	 	 	 	 	 	 
	 	 	v.	 	Remittances for the July 1 through 31, 2007 Collection Period
	 	 	7,572,167.18	 	 	 	 	 	 	 	 	 
	 	 	vi.	 	Remittances for the August 1 through 31, 2007 Collection Period
	 	 	9,091,742.01	 	 	 	 	 	 	 	 	 
	 	 	vii.	 	Remittances for the September 1 through 14, 2007 Collection Period
	 	 	4,638,319.67	 	 	 	 	 	 	 	 	 
	 	 	viii.	 	Net Earnings on Collection Account
	 	 	940,122.53	 	 	[3/1/07 through 8/31/07]	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	ix.	 	General Subaccount Balance (sum of i through viii above)
	 	 	46,006,509.18	 	 	 	 	 	 	 	 	 
	 
	 	 	x.	 	Reserve Subaccount Balance as of Prior Payment Date
	 	 	10,078,813.13	 	 	 	 	 	 	 	 	 
	 	 	xi.	 	Overcollateralization Subaccount Balance as of Prior Payment Date
	 	 	1,716,222.29	 	 	 	 	 	 	 	 	 
	 	 	xii.	 	Capital Subaccount Balance as of Prior Payment Date
	 	 	3,744,485.00	 	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	xiii.	 	Collection Account Balance (sum of ix through xii above)
	 	 	61,546,029.60	 	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	2. Outstanding Amounts as of Prior Payment Date:
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	i.	 	Class A-1 Principal Balance
	 	 	0.00	 	 	 	 	 	 	 	 	 
	 	 	ii.	 	Class A-2 Principal Balance
	 	 	38,511,447.00	 	 	 	 	 	 	 	 	 
	 	 	iii.	 	Class A-3 Principal Balance
	 	 	130,000,000.00	 	 	 	 	 	 	 	 	 
	 	 	iv.	 	Class A-4 Principal Balance
	 	 	385,897,000.00	 	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	v.	 	Aggregate Principal Balance of all Series 2001-1 Transition Bonds
	 	 	554,408,447.00	 	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 






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




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Projected	 	 	 	 	 	 
	 	 	 	 	 	 	Principal	 	Semiannual	 	 	 	 
	 	 	 	 	Series 2001-1 Principal	 	Balance	 	Principal Due	 	 	 	 
	 	 	i.	 	Class A-1
	 	 	0.00	 	 	 	0.00	 	 	 	 	 
	 	 	ii.	 	Class A-2
	 	 	0.00	 	 	 	38,511,447.00	 	 	 	 	 
	 	 	iii.	 	Class A-3
	 	 	128,969,686.00	 	 	 	1,030,314.00	 	 	 	 	 
	 	 	iv.	 	Class A-4
	 	 	385,897,000.00	 	 	 	0.00	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	v.	 	For all Series 2001-1 Transition Bonds
	 	 	514,866,686.00	 	 	 	39,541,761.00	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Transition	 	Days in	 	 	 	 
	 	 	 	 	 	 	Bond	 	Interest	 	 	 	 
	 	 	 	 	 	 	Interest Rate	 	Period (1)	 	Interest Due
	 	 	vi.	 	Required Class A-1 Interest
	 	 	3.840	%	 	 	180	 	 	 	0.00	 
	 	 	vii.	 	Required Class A-2 Interest
	 	 	4.760	%	 	 	180	 	 	 	916,572.44	 
	 	 	viii.	 	Required Class A-3 Interest
	 	 	5.160	%	 	 	180	 	 	 	3,354,000.00	 
	 	 	ix.	 	Required Class A-4 Interest
	 	 	5.630	%	 	 	180	 	 	 	10,863,000.55	 






 



(1) On 30/360 Day basis.



 









 





	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	Funding	 	 	 	 	 
	 	 	 	 	 	 	Required Level	 	 	Required	 	 	 	 	 
	 	 	x.	 	Overcollateralization Subaccount
	 	 	1,872,242.50	 	 	 	156,020.21	 	 	 	 	 
	 	 	xi.	 	Capital Subaccount
	 	 	3,744,485.00	 	 	 	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
	 	 	187,224.25	(1)	 	 	 	 	 	 	 	 
	 	 	iii.	 	Administration Fee and Independent Managers Fee
	 	 	50,000.00	(2)	 	 	 	 	 	 	 	 
	 	 	iv.	 	Operating Expenses
	 	 	23,484.00	(3)	 	 	 	 	 	 	 	 
	 	 	v.	 	Semiannual Interest (including any past-due
Semiannual Interest for prior periods)
	 	 	 	 	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Per $1,000	 	 	 	 
	 	 	 	 	 	 	 	 	of Original	 	 	 	 
	 	 	 	 	Series 2001-1	 	Aggregate	 	Principal Amount	 	 	 	 
	 	 	 	 	1. Class A-1 Interest Payment
	 	 	0.00	 	 	 	0.00	 	 	 	 	 
	 	 	 	 	2. Class A-2 Interest Payment
	 	 	916,572.44	 	 	 	7.77	 	 	 	 	 
	 	 	 	 	3. Class A-3 Interest Payment
	 	 	3,354,000.00	 	 	 	25.80	 	 	 	 	 
	 	 	 	 	4. Class A-4 Interest Payment
	 	 	10,863,000.55	 	 	 	28.15	 	 	 	 	 
	 
	 	 	vi.	 	Principal Due and Payable as a result of Event of Default or on Final Maturity Date
	 	 	 	 	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 		 	Per $1,000	 	 	 	 
	 	 	 	 	 	 		 	of Original	 	 	 	 
	 	 	 	 	Series 2001-1	 	Aggregate	 	Principal Amount	 	 	 	 
	 	 	 	 	1. Class A-1 Principal Payment
	 	 	0.00	 	 	 	0.00	 	 	 	 	 
	 	 	 	 	2. Class A-2 Principal Payment
	 	 	0.00	 	 	 	0.00	 	 	 	 	 
	 	 	 	 	3. Class A-3 Principal Payment
	 	 	0.00	 	 	 	0.00	 	 	 	 	 
	 	 	 	 	4. Class A-4 Principal Payment
	 	 	0.00	 	 	 	0.00	 	 	 	 	 
	 
	 	 	vii.	 	Semiannual Principal
	 	 	 	 	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 		 	Per $1,000	 	 	 	 
	 	 	 	 	 	 		 	of Original	 	 	 	 
	 	 	 	 	Series 2001-1	 	Aggregate	 	Principal Amount	 	 	 	 
	 	 	 	 	1. Class A-1 Principal Payment
	 	 	0.00	 	 	 	0.00	 	 	 	 	 
	 	 	 	 	2. Class A-2 Principal Payment
	 	 	38,511,447.00	 	 	 	326.37	 	 	 	 	 
	 	 	 	 	3. Class A-3 Principal Payment
	 	 	1,030,314.00	 	 	 	7.93	 	 	 	 	 
	 	 	 	 	4. Class A-4 Principal Payment
	 	 	0.00	 	 	 	0.00	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	viii.	 	Amounts Payable to Credit Enhancement Providers (if applicable)
	 	 	N/A	 	 	 	 	 	 	 	 	 
	 	 	ix.	 	Operating Expenses not Paid under Clause (iv) above
	 	 	0.00	 	 	 	 	 	 	 	 	 
	 	 	x.	 	Funding of Capital Subaccount (to required level)
	 	 	0.00	 	 	 	 	 	 	 	 	 
	 	 	xi.	 	Funding of Overcollateralization Subaccount (to required level)
	 	 	156,020.21	 	 	 	 	 	 	 	 	 
	 	 	xii.	 	Net Earnings in Capital Subaccount Released to Issuer
	 	 	98,470.36	 	 	 	 	 	 	 	 	 
	 	 	xiii.	 	Deposit to Reserve Subaccount
	 	 	0.00	 	 	 	 	 	 	 	 	 
	 	 	xiv.	 	Released to Issuer upon Series Retirement: Collection Account
	 	 	0.00	 	 	 	 	 	 	 	 	 








 




			
	(1)	 	Servicing fee: $748,897,000 x .05% x 180/360 = $187,224.25
	 
	(2)	 	Administration fee: $50,000 x 180/180 = $50,000.00
	 
	(3)	 	Reimbursement to Administrator for fees/expenses paid to outside legal counsel ($19,999.00)
and printer ($3,485.00).




 









 









5. Subaccount Withdrawals as of Current Payment Date

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




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	i.	 	Reserve Subaccount (available for 4.i. through 4.xii.)
	 	 	9,184,023.63	 	 	 	 	 	 	 	 	 
	 	 	ii.	 	Overcollateralization Subaccount (available for 4.i. through 4.ix.)
	 	 	0.00	 	 	 	 	 	 	 	 	 
	 	 	iii.	 	Capital Subaccount (available for 4.i. through 4.ix.)
	 	 	0.00	 	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	iv.	 	Total Withdrawals
	 	 	9,184,023.63	 	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 





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 2001-1	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	i.	 	Class A-1 Principal Balance
	 	 	0.00	 	 	 	 	 	 	 	 	 
	 	 	ii.	 	Class A-2 Principal Balance
	 	 	0.00	 	 	 	 	 	 	 	 	 
	 	 	iii.	 	Class A-3 Principal Balance
	 	 	128,969,686.00	 	 	 	 	 	 	 	 	 
	 	 	iv.	 	Class A-4 Principal Balance
	 	 	385,897,000.00	 	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	v.	 	Aggregate Principal Balance for all Series 2001-1 Transition Bonds
	 	 	514,866,686.00	 	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	vi.	 	Reserve Subaccount Balance
	 	 	894,789.50	 	 	 	 	 	 	 	 	 
	 	 	vii.	 	Overcollateralization Subaccount Balance
	 	 	1,872,242.50	 	 	 	 	 	 	 	 	 
	 	 	viii.	 	Capital Subaccount Balance
	 	 	3,744,485.00	 	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	ix.	 	Aggregate Collection Account Balance
	 	 	6,511,517.00	 	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 





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 2001-1	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	1. Class A-1 Bond Interest Payment
	 	 	0.00	 	 	 	 	 	 	 	 	 
	 	 	 	 	2. Class A-2 Bond Interest Payment
	 	 	0.00	 	 	 	 	 	 	 	 	 
	 	 	 	 	3. Class A-3 Bond Interest Payment
	 	 	0.00	 	 	 	 	 	 	 	 	 
	 	 	 	 	4. Class A-4 Bond Interest Payment
	 	 	0.00	 	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	ii.  	 	Semiannual Principal
	 	 	 	 	 	 	 	 






																	
	 	 	 	 	Series 2001-1	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	1. Class A-1 Principal Payment
	 	 	0.00	 	 	 	 	 	 	 	 	 
	 	 	 	 	2. Class A-2 Principal Payment
	 	 	0.00	 	 	 	 	 	 	 	 	 
	 	 	 	 	3. Class A-3 Principal Payment
	 	 	0.00	 	 	 	 	 	 	 	 	 
	 	 	 	 	4. Class A-4 Principal Payment
	 	 	0.00	 	 	 	 	 	 	 	 	 





8. Shortfalls in Required Subaccount Levels as of Current Payment Date

(after giving effect to payments to be made on such Payment Date):




	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	i.	 	Overcollateralization Subaccount
	 	 	0.00	 	 	 	 	 	 	 	 	 
	 	 	ii.	 	Capital Subaccount
	 	 	0.00	 	 	 	 	 	 	 	 	 





IN WITNESS HEREOF, the undersigned has duly executed and delivered this
Semiannual Servicer’s Certificate this 14th day of September, 2007.




	 	 	 	 	 
	 	 	CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC

(formerly RELIANT ENERGY, INCORPORATED), as Servicer 


	by:

	 	/s/ Marc Kilbride	 	 
	 

	 	 	 	 
	 

	 	Marc Kilbride	 	 
	 

	 	Vice President and Treasurer