ex10-5.htm


    Exhibit
10.7

     

    
      
        	
                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: September 12, 2008 through March 12, 2009

              
	
                Payment
      Date: March 16, 2009

              
	
                Today's
      Date: March 12, 2009

              


      

    

     

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

                                                	 	 	 	 
	 
      	
                                                  i.

                                                	
                                                  Remittances
      for the September 12 through 30, 2008 Collection Period

                                                	 	
                                                  5,967,688.36

                                                	 	 	 	 
	 
      	
                                                  ii.

                                                	
                                                  Remittances
      for the October 1 through 31, 2008 Collection Period

                                                	 	
                                                  9,301,244.44

                                                	 	 	 	 
	 
      	
                                                  iii.

                                                	
                                                  Remittances
      for the November 1 through 30, 2008 Collection Period

                                                	 	
                                                  5,857,346.89

                                                	 	 	 	 
	 
      	
                                                  iv.

                                                	
                                                  Remittances
      for the December 1 through 31, 2008 Collection Period

                                                	 	
                                                  9,720,954.78

                                                	 	 	 	 
	 
      	
                                                  v.

                                                	
                                                  Remittances
      for the January 1 through 31, 2009 Collection Period

                                                	 	
                                                  6,624,933.36

                                                	 	 	 	 
	 
      	
                                                  vi.

                                                	
                                                  Remittances
      for the February 1 through 28, 2009 Collection Period

                                                	 	
                                                  7,228,911.12

                                                	 	 	 	 
	 
      	
                                                  vii.

                                                	
                                                  Remittances
      for the March 1 through 12, 2009 Collection Period

                                                	 	
                                                  3,239,147.37

                                                	 	 	 	 
	 
      	
                                                  viii.

                                                	
                                                  Net
      Earnings on Collection Account

                                                	 	 
      	 	 [through
      2/28/09]
	 
      	 
      	
                                                     General
      Subaccount

                                                	 	
                                                  168,779.82

                                                	 	 	 	 
	 
      	 
      	
                                                     Overcollateralization
      Subaccount

                                                	 	
                                                  17,117.64

                                                	 	 	 	 
	 
      	 
      	
                                                     Capital
      Subaccount

                                                	 	
                                                  85,866.42

                                                	 	 	 	 
	 
      	 
      	
                                                     Reserve
      Subaccount

                                                	 	
                                                  14,369.32

                                                	 	 	 	 
	 
      	
                                                  ix.

                                                	
                                                  General
      Subaccount Balance (sum of i through viii above)

                                                	 	
                                                  48,226,359.52

                                                	 	 	 	 


                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          	 	 	 	 	 	 	 	 	 
	 
      	
                                                  x.

                                                	
                                                  Reserve
      Subaccount Balance as of Prior Payment Date

                                                	 	
                                                  1,001,475.00

                                                	 	 	 	 
	 
      	
                                                  xi.

                                                	
                                                  Overcollateralization
      Subaccount Balance as of Prior Payment Date

                                                	 	
                                                  2,184,282.92

                                                	 	 	 	 
	 
      	
                                                  xii.

                                                	
                                                  Capital
      Subaccount Balance as of Prior Payment Date (1)

                                                	 	
                                                  3,744,485.00

                                                	 	 	 	 
	 
      	
                                                  xiii.

                                                	
                                                  Collection
      Account Balance (sum of ix through xii above)

                                                	 	
                                                  55,156,602.44

                                                	 	 	 	 
	 
      	 
      	
                                                  (1)
      Net of unreleased earnings moved into General Subaccount

                                                	 	 
      	 	 	 	 


                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            	 	 	 	 	 	 	 
	
                                                    2.
      Outstanding Amounts as of Prior Payment Date:

                                                  	 	 
      	 	 	 	 
	 
      	
                                                    i.

                                                  	
                                                    Class
      A-1 Principal Balance

                                                  	 	
                                                    0.00

                                                  	 	 	 	 
	 
      	
                                                    ii.

                                                  	
                                                    Class
      A-2 Principal Balance

                                                  	 	
                                                    0.00

                                                  	 	 	 	 
	 
      	
                                                    iii.

                                                  	
                                                    Class
      A-3 Principal Balance

                                                  	 	
                                                    63,441,199.00

                                                  	 	 	 	 
	 
      	
                                                    iv.

                                                  	
                                                    Class
      A-4 Principal Balance

                                                  	 	
                                                    385,897,000.00

                                                  	 	 	 	 
	 
      	
                                                    v.

                                                  	
                                                    Aggregate
      Principal Balance of all Series 2001-1 Transition Bonds

                                                  	 	
                                                    449,338,199.00

                                                  	 	 	 	 


                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

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

                                                                                	 
      	 
      	 
      	 
      	 	 
	 
      	 
      	
                                                                                   

                                                                                   

                                                                                  Series 2001-1 Principal

                                                                                	 
      	
                                                                                  Projected

                                                                                  Principal

                                                                                  Balance

                                                                                	 
      	
                                                                                   

                                                                                  Semiannual

                                                                                  Principal
      Due

                                                                                	 	 
	 
      	
                                                                                  i.

                                                                                	
                                                                                  Class
      A-1

                                                                                	 
      	
                                                                                  0.00

                                                                                	 
      	
                                                                                  0.00

                                                                                	 	 
	 
      	
                                                                                  ii.

                                                                                	
                                                                                  Class
      A-2

                                                                                	 
      	
                                                                                  0.00

                                                                                	 
      	
                                                                                  0.00

                                                                                	 	 
	 
      	
                                                                                  iii.

                                                                                	
                                                                                  Class
      A-3

                                                                                	 
      	
                                                                                  38,615,263.00

                                                                                	 
      	
                                                                                  24,825,936.00

                                                                                	 	 
	 
      	
                                                                                  iv.

                                                                                	
                                                                                  Class
      A-4

                                                                                	 
      	
                                                                                  385,897,000.00

                                                                                	 
      	
                                                                                  0.00

                                                                                	 	 
	 
      	
                                                                                  v.

                                                                                	
                                                                                  For
      all Series 2001-1 Transition Bonds

                                                                                	 
      	
                                                                                  424,512,263.00

                                                                                	 
      	
                                                                                  24,825,936.00

                                                                                	 	 


                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  	 	 	 	 	 	 	 	 	 
	 
      	 
      	 
      	 
      	
                                          Transition

                                          Bond

                                          Interest Rate

                                        	 
      	
                                          Days in

                                          Interest

                                          Period (1)

                                        	 
      	
                                           

                                          Interest Due

                                        
	 
      	
                                          vi.

                                        	
                                          Required
      Class A-1 Interest

                                        	 
      	
                                          3.840%

                                        	 
      	
                                          180

                                        	 
      	
                                          0.00

                                        
	 
      	
                                          vii.

                                        	
                                          Required
      Class A-2 Interest

                                        	 
      	
                                          4.760%

                                        	 
      	
                                          180

                                        	 
      	
                                          0.00

                                        
	 
      	
                                          viii.

                                        	
                                          Required
      Class A-3 Interest

                                        	 
      	
                                          5.160%

                                        	 
      	
                                          180

                                        	 
      	
                                          1,636,782.93

                                        
	 
      	
                                          ix.

                                        	
                                          Required
      Class A-4 Interest

                                        	 
      	
                                          5.630%

                                        	 
      	
                                          180

                                        	 
      	
                                          10,863,000.55

                                        
	 
      	 
      	
                                          (1)
      On 30/360 Day basis.

                                        	 
      	 
      	 
      	 
      	 
      	 
      


                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      	 
      	 
      	 
      	 
      	 
      

                                              Required Level

                                            	
                                               

                                            	
                                               Funding

                                              Required

                                            	 
      	 
      
	 
      	
                                              x.

                                            	
                                              Overcollateralization
      Subaccount

                                            	 
      	
                                              2,340,303.13

                                            	 	
                                              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

                              	 
      	
                                2,540.00

                              	 
      	 
      	 
      	 
      
	 
      	
                                ii.

                              	
                                Servicing
      Fee

                              	 
      	
                                187,224.25

                              	
                                 (1)

                              	 
      	 
      	 
      
	 
      	
                                iii.

                              	
                                Administration
      Fee and Independent Managers Fee

                              	 
      	
                                53,500.00

                              	
                                 (2)

                              	 
      	 
      	 
      
	 
      	
                                iv.

                              	
                                Operating
      Expenses

                              	 
      	
                                54,994.10

                              	
                                 (3)

                              	 
      	 
      	 
      
	 
      	
                                v.

                              	
                                Semiannual
      Interest (including any past-due Semiannual Interest for prior
      periods)

                              	 
      	 
      


                      

                    

                  

                

              

            

          

        

      

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      	 
      	 
      	
                                                               

                                                               

                                                              Series 2001-1

                                                            	 
      	
                                                               

                                                               

                                                              Aggregate

                                                            	 
      	

                                                              Per
      1,000

                                                              of
      Original

                                                              Principal
      Amount

                                                            	
                                                               

                                                            	 
	 
      	 
      	
                                                              1.
      Class A-1 Interest Payment

                                                            	 
      	
                                                              0.00

                                                            	 
      	
                                                              0.00

                                                            	 
      	 
	 
      	 
      	
                                                              2.
      Class A-2 Interest Payment

                                                            	 
      	
                                                              0.00

                                                            	 
      	
                                                              0.00

                                                            	 
      	 
	 
      	 
      	
                                                              3.
      Class A-3 Interest Payment

                                                            	 
      	
                                                              1,636,782.93

                                                            	 
      	
                                                              12.59

                                                            	 
      	 
	 
      	 
      	
                                                              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

                                                                          	 
      	 
      	 
	 
      	 
      	
                                                                             

                                                                             

                                                                            Series 2001-1

                                                                          	 
      	
                                                                             

                                                                             

                                                                            Aggregate

                                                                          	 
      	

                                                                            

                                                                              Per
      1,000

                                                                              of
      Original

                                                                              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

                                                      	 
      	 
      	 
      	 
      	 
      	 
	 
      	 
      	
                                                         

                                                         

                                                        Series 2001-1

                                                      	 
      	
                                                         

                                                         

                                                        Aggregate

                                                      	 
      	

                                                        

                                                          Per
      1,000

                                                          of
      Original

                                                        

                                                        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

                                                      	 
      	
                                                        24,825,936.00

                                                      	 
      	
                                                        190.97

                                                      	 
      	 
	 
      	 
      	
                                                        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

                              	 
      	
                                0.00

                              	 
      	 
      	 
      	 
	 
      	
                                xi.

                              	
                                Funding
      of Overcollateralization Subaccount

                              	 
      	
                                156,020.21

                              	 
      	 
      	 
      	 
	 
      	
                                xii.

                              	
                                Net
      Earnings in Capital Subaccount Released to Issuer

                              	 
      	
                                85,866.42

                              	 
      	 
      	 
      	 
	 
      	
                                xiii.

                              	
                                Deposit
      to Reserve Subaccount

                              	 
      	
                                10,360,495.06

                              	 
      	 
      	 
      	 
	 
      	
                                xiv.

                              	
                                Released
      to Issuer upon Series Retirement: Collection Account

                              	
                                0.00

                              	 
      	 
      	 
      	 
	 
      	
                                xv.

                              	
                                Aggregate
      Remittances as of Current Payment Date

                              	 
      	
                                48,226,359.52

                              	 
      	 
      	 
      	 
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
	 
      	 
      	
                                (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; Independent Managers
      fee: $3,500.00

                              	 
	 
      	 
      	
                                (3)
      Reimbursement to Administrator for fees/expenses paid to outside legal
      counsel ($10,758.30),

                              	 
	 
      	 
      	
                                      rating
      agencies ($15,000.00) and independent accountants
      ($29,235.80).

                              	 
      	 
      	 
      	 


                      

                    

                  

                

              

            

          

        

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      
        
          
            
              
                
                  
                    
                      
                        	
                                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.)

                              	
                                0.00

                              	 
      	 	 
      	 
      
	 
      	
                                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

                              	 
      	
                                0.00

                              	 
      	 	 
      	 
      


                      

                    

                  

                

              

            

          

        

      

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    	 	 	 	 	 
	
                                                                            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

                                                                          	 
      	
                                                                            38,615,263.00

                                                                          	 	 	 	 
	 
      	
                                                                            iv.

                                                                          	
                                                                            Class
      A-4 Principal Balance

                                                                          	 
      	
                                                                            385,897,000.00

                                                                          	 	 	 	 
	 
      	
                                                                            v.

                                                                          	
                                                                            Aggregate
      Principal Balance for all Series 2001-1 Transition Bonds

                                                                          	
                                                                            424,512,263.00

                                                                          	 	 	 	 
	 
      	 
      	 
      	 
      	 
      	 	 	 	 
	 
      	
                                                                            vi.

                                                                          	
                                                                            Reserve
      Subaccount Balance

                                                                          	 
      	
                                                                            11,361,970.06

                                                                          	 	 	 	 
	 
      	
                                                                            vii.

                                                                          	
                                                                            Overcollateralization
      Subaccount Balance

                                                                          	 
      	
                                                                            2,340,303.13

                                                                          	 	 	 	 
	 
      	
                                                                            viii.

                                                                          	
                                                                            Capital
      Subaccount Balance

                                                                          	 
      	
                                                                            3,744,485.00

                                                                          	 	 	 	 
	 
      	
                                                                            ix.

                                                                          	
                                                                            Aggregate
      Collection Account Balance

                                                                          	 
      	
                                                                            17,446,758.19

                                                                          	 	 	 	 
	 	 	 	 	 	 	 	 	 


                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          	
                                  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 12th day of March,
      2009.

                                                  
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
	 
      	
                                                    CENTERPOINT
      ENERGY HOUSTON ELECTRIC, LLC (formerly RELIANT
      ENERGY, INCORPORATED), as Servicer

                                                  
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
	 
      	
                                                    by:

                                                  	 /s/
      Linda Geiger    	
                                                     

                                                  	 
      	 
      	 
      	 
      	 
      	 
	 
      	 
      	
                                                    Linda
      Geiger

                                                  	 
      	 
      	 
      	 
      	 
      	 
	 
      	 
      	
                                                    Assistant
      Treasurer