Exhibit 99.1

**Monthly Servicer Certificate**

 

Pursuant to Section 4.01(d)(ii) of the Transition Property Servicing Agreement, dated as of March 1, 2005 (the "Agreement"), between Commonwealth Electric Company, as servicer (the "Servicer") and CEC Funding, LLC, the Servicer doeshereby certify as follows:

 

Capitalized terms used herein have their respective meanings as set forth in the Agreement.

 
| For the Monthly Period:   July 2005 |   |   |   |
|----------------------------------------------------|--------|--------|--------|

 
| 1)   |    | Billings:                                                |                                                                                             |   |   |
|----------------|--------------|----------------------------------------------------------|--------------------------------------------------------------------------------------------------|--------|--------|
|           |         | a)                                             | Monthly kWh Consumption:                                                                         |   | $      | 387,572,063 |
|           |         | b)                                                       | Applicable RTC Charge:                                                                           |   | $      | 0.017800 |
|           |         | c)                                                       | Total RTC Charge Amount Billed (less expected charge-offs) this Month:                           |   | $      | 6,871,974.05 |
|           |         | d)                                                       | Cumulative RTC Charge Amount Billed (less expected charge-offs) this Remittance Period:          |   | $      | 30,576,978.98 |
|           |         |                                                     |                                                                                             |   |   |   |
| 2)             |         | Remittances:                                             |                                                                                             |   |   |
|           |         | a)                                                       | Total Amount Remitted this Month:                                                                |   | $      | 6,314,771.71 |
|           |         | b)                                                       | Cumulative Amount Remitted this Remittance Period:                                               |   | $      | 22,690,353.24 |
|           |         |                                                     |                                                                                             |   |   |   |
| 3)             |         | Draws on Subaccounts:                                    |                                                                                             |   |   |
|           |         | a)                                                       | Reserve Subaccount Draw this Month:                                                              |   | $      | 0.00 |
|           |         | b)                                                       | Cumulative Reserve Subaccount Draw Amount this Remittance Period (net of funding):               |   | $      | 0.00 |
|           |         | c)                                                       | Overcollateralization Subaccount Draw Amount this Month:                                         |   | $      | 0.00 |
|           |         | d)                                                       | Cumulative Overcollateralization Subaccount Draw Amount this Remittance Period (net of funding): |   | $      | 0.00 |
|           |         | e)                                                       | Capital Subaccount Draw Amount this Month:                                                       |   | $      | 0.00 |
|           |         | f)                                                       | Cumulative Capital Subaccount Draw Amount this Remittance Period (net of funding):               |   | $      | 0.00 |
|           |         |                                                     |                                                                                             |   |   |
|           |         | Executed as of   8th  day of August 2005. |                                                                                             |   |   |

 
|   |   | COMMONWEALTH ELECTRIC COMPANY                                                                                                                                             |   |   |   |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|
|   |   | as Servicer

                                                                                                                                                        |   |   |   |
|   |   | By:  /s/ EMILIE O'NEIL                       |   |   |   |
|   |   | Name: Emilie O'Neil                                                                                                                                                  |   |   |   |
|   |   | Title:   Director of Corporate Finance and Cash Management                                                                                                 |