<PAGE>

================================================================================

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 10-Q

(MARK ONE)

[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934

                  FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2006

                                       OR

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934

            FOR THE TRANSITION PERIOD FROM __________ TO ____________

                        COMMISSION FILE NUMBER 333-121505

               CENTERPOINT ENERGY TRANSITION BOND COMPANY II, LLC
             (Exact name of registrant as specified in its charter)

<TABLE>
<S>                                                   <C>
             DELAWARE                                       59-3790472
  (State or other jurisdiction of                        (I.R.S. Employer
  incorporation or organization)                      Identification Number)
</TABLE>

<TABLE>
<S>                                              <C>
    1111 LOUISIANA, SUITE 4655B                           (713) 207-5222
       HOUSTON, TEXAS 77002                      (Registrant's telephone number,
(Address and zip code of principal                     including area code)
        executive offices)
</TABLE>

THE REGISTRANT MEETS THE CONDITIONS SET FORTH IN GENERAL INSTRUCTION H(1)(a) AND
(b) OF FORM 10-Q AND IS THEREFORE FILING THIS FORM 10-Q WITH THE REDUCED
DISCLOSURE FORMAT.

     Indicate by check mark whether the registrant: (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes [X] No [ ]

     Indicate by check mark whether the registrant is a large accelerated filer,
an accelerated filer, or a non-accelerated filer. See definition of "accelerated
filer and large accelerated filer" in Rule 12b-2 of the Exchange Act. (Check
one):

Large accelerated filer [ ]   Accelerated filer [ ]   Non-accelerated filer [X]

     Indicate by check mark whether the registrant is a shell company (as
defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X]

     As of May 1, 2006, all outstanding membership interests in CenterPoint
Energy Transition Bond Company II, LLC were held by CenterPoint Energy Houston
Electric, LLC.

================================================================================

<PAGE>

               CENTERPOINT ENERGY TRANSITION BOND COMPANY II, LLC

                                TABLE OF CONTENTS

<TABLE>
<S>                                                                            <C>
PART I.  FINANCIAL INFORMATION
         Item 1. Financial Statements.......................................   1
            Statements of Income and Changes in Member's Equity
               Three Months Ended March 31, 2006 (unaudited)................   1
            Balance Sheets
               December 31, 2005 and March 31, 2006 (unaudited).............   2
            Statements of Cash Flows
              Three Months Ended March 31, 2005 and 2006 (unaudited)........   3
            Notes to Unaudited Financial Statements.........................   4
         Item 2. Management's Narrative Analysis of Results of Operations...   7
         Item 4. Controls and Procedures....................................   7

PART II. OTHER INFORMATION
         Item 1A. Risk Factors..............................................   8
         Item 6.  Exhibits..................................................   8
</TABLE>


                                       i

<PAGE>

           CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

     From time to time we make statements concerning our expectations, beliefs,
plans, objectives, goals, strategies, future events or performance and
underlying assumptions and other statements that are not historical facts. These
statements are "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Actual results may differ materially
from those expressed or implied by these statements. In some cases, you can
identify our forward-looking statements by the words "anticipate," "believe,"
"continue," "could," "estimate," "expect," "forecast," "goal," "intend," "may,"
"objective," "plan," "potential," "predict," "projection," "should," "will," or
other similar words.

     We have based our forward-looking statements on our management's beliefs
and assumptions based on information available to our management at the time the
statements are made. We caution you that assumptions, beliefs, expectations,
intentions and projections about future events may and often do vary materially
from actual results. Therefore, we cannot assure you that actual results will
not differ materially from those expressed or implied by our forward-looking
statements.

     The following are some of the factors that could cause actual results to
differ from those expressed or implied by our forward-looking statements:

     -    state and federal legislative and regulatory actions or developments,
          including deregulation, re-regulation, changes in or application of
          laws or regulations applicable to other aspects of our business;

     -    changes in market demand and demographic patterns;

     -    weather variations and other natural phenomena affecting retail
          electric customer energy usage;

     -    the operating performance of CenterPoint Energy Houston Electric,
          LLC's (CenterPoint Houston) facilities and third-party suppliers of
          electric energy in CenterPoint Houston's service territory;

     -    the accuracy of the servicer's forecast of electrical consumption or
          the payment of transition charges;

     -    non-payment of transition charges by retail electric providers;

     -    the reliability of the systems, procedures and other infrastructure
          necessary to operate the retail electric business in CenterPoint
          Houston's service territory, including the systems owned and operated
          by the independent system operator in the Electric Reliability Council
          of Texas, Inc.; and

     -    other factors we discuss in "Risk Factors" in Item 1A of Part I of our
          Annual Report on Form 10-K for the year ended December 31, 2005, which
          is incorporated herein by reference.

     You should not place undue reliance on forward-looking statements. Each
forward-looking statement speaks only as of the date of the particular
statement.


                                       ii

<PAGE>

                          PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

               CENTERPOINT ENERGY TRANSITION BOND COMPANY II, LLC

                              STATEMENTS OF INCOME
                  AND CHANGES IN MEMBER'S EQUITY (See Note 1)
                                  (UNAUDITED)

<TABLE>
<CAPTION>
                                                                   THREE MONTHS ENDED
                                                                     MARCH 31, 2006
                                                                     --------------
                                                                     (IN THOUSANDS)
<S>                                                                  <C>
REVENUES:
   Transition charge revenue .....................................       $38,117
   Investment income .............................................           191
                                                                         -------
      Total operating revenues ...................................        38,308
                                                                         -------

EXPENSES:
   Interest expense ..............................................        23,636
   Amortization of transition property ...........................        13,570
   Amortization of transition bond discount and issuance costs ...           563
   Administrative and general expenses ...........................           539
                                                                         -------
      Total operating expenses ...................................        38,308
                                                                         -------

NET INCOME .......................................................            --

MEMBER'S EQUITY AT BEGINNING OF PERIOD ...........................         9,256

CONTRIBUTED CAPITAL ..............................................            --
                                                                         -------
MEMBER'S EQUITY AT END OF PERIOD  ................................       $ 9,256
                                                                         =======
</TABLE>

            See Notes to the Company's Interim Financial Statements


                                        1

<PAGE>

               CENTERPOINT ENERGY TRANSITION BOND COMPANY II, LLC

                                 BALANCE SHEETS
                                  (UNAUDITED)

<TABLE>
<CAPTION>
                                                                          DECEMBER 31,    MARCH 31,
                                                                             2005           2006
                                                                          ------------   ----------
                                                                                (IN THOUSANDS)
<S>                                                                       <C>            <C>
                                 ASSETS

CURRENT ASSETS:
   Cash and cash equivalents ..........................................    $    1,461    $   22,955
   Restricted funds ...................................................         9,255        16,121
   Transition charge receivable .......................................         6,931        22,596
                                                                           ----------    ----------
      Current Assets ..................................................        17,647        61,672

   Intangible transition property .....................................     1,835,136     1,821,566
   Unamortized debt issuance costs ....................................        12,603        12,056
                                                                           ----------    ----------
      Total Assets ....................................................    $1,865,386    $1,895,294
                                                                           ==========    ==========

                    LIABILITIES AND MEMBER'S EQUITY

CURRENT LIABILITIES:
   Current portion of long-term debt ..................................    $   18,565    $   70,091
   Accrued interest ...................................................         3,939        27,575
   Customer deposits ..................................................            --         6,754
   Fees payable to servicer ...........................................            43         1,005
   Other ..............................................................         1,460            --
                                                                           ----------    ----------
      Current Liabilities .............................................        24,007       105,425

   Long-term debt:
      Transition bonds, net of unamortized discount of $0.3 million ...     1,832,123     1,780,613
                                                                           ----------    ----------
      Total Liabilities ...............................................     1,856,130     1,886,038
                                                                           ----------    ----------

MEMBER'S EQUITY:
   Contributed capital ................................................         9,256         9,256
   Retained earnings ..................................................            --            --
                                                                           ----------    ----------
      Total Member's Equity ...........................................         9,256         9,256
                                                                           ----------    ----------
      Total Liabilities and Member's Equity ...........................    $1,865,386    $1,895,294
                                                                           ==========    ==========
</TABLE>

            See Notes to the Company's Interim Financial Statements


                                        2

<PAGE>

               CENTERPOINT ENERGY TRANSITION BOND COMPANY II, LLC

                            STATEMENTS OF CASH FLOWS
                                  (UNAUDITED)

<TABLE>
<CAPTION>
                                                                          THREE MONTHS
                                                                        ENDED MARCH 31,
                                                                        ---------------
                                                                        2005     2006
                                                                        ----   --------
                                                                         (IN THOUSANDS)
<S>                                                                     <C>    <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
   Net income .......................................................    $--   $     --
   Adjustments for non-cash items:
      Amortization of transition bond discount and issuance costs ...     --        563
      Amortization of transition property ...........................     --     13,570

   Changes in other assets and liabilities:
      Transition charge receivable ..................................     --    (15,665)
      Other current liabilities .....................................     --     (1,460)
      Accrued interest ..............................................     --     23,636
      Customer deposits .............................................     --      6,754
      Fees payable to servicer ......................................     --        962
                                                                         ---   --------
         Net cash provided by operating activities ..................     --     28,360
                                                                         ---   --------

CASH FLOWS FROM INVESTING ACTIVITIES:
   Restricted funds .................................................     --     (6,866)
                                                                         ---   --------
         Net cash used in investing activities ......................     --     (6,866)
                                                                         ---   --------

CASH FLOWS FROM FINANCING ACTIVITIES:
         Net cash provided by financing activities ...................    --         --
                                                                         ---   --------
NET INCREASE IN CASH AND CASH EQUIVALENTS ...........................     --     21,494

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD ......................      1      1,461
                                                                         ---   --------
CASH AND CASH EQUIVALENTS, END OF PERIOD ............................    $ 1   $ 22,955
                                                                         ===   ========
</TABLE>

                 See Notes to the Company's Interim Financial Statements


                                        3

<PAGE>

               CENTERPOINT ENERGY TRANSITION BOND COMPANY II, LLC

                          NOTES TO FINANCIAL STATEMENTS

(1)  BACKGROUND AND BASIS OF PRESENTATION

     General. Included in this Quarterly Report on Form 10-Q (Form 10-Q) of
CenterPoint Energy Transition Bond Company II, LLC (the Company) are the
Company's interim financial statements and notes (Interim Financial Statements).
The Interim Financial Statements are unaudited, omit certain financial statement
disclosures and should be read with the Company's Annual Report on Form 10-K for
the year ended December 31, 2005.

     Background. The Company is a special purpose Delaware limited liability
company, whose sole member is CenterPoint Energy Houston Electric, LLC
(CenterPoint Houston). The Company has no commercial operations and was formed
for the principal purpose of purchasing and owning transition property, issuing
transition bonds and performing activities incidental thereto. CenterPoint
Houston is a regulated utility engaged in the transmission and distribution of
electric energy in a 5,000 square mile area located along the Texas Gulf Coast,
including the City of Houston.

     The Company was organized on December 3, 2004 and had no operations or
financial activity during the period from December 3, 2004 (date of inception)
to December 16, 2005 (date of initial operations).

     Basis of Presentation. The preparation of financial statements in
conformity with accounting principles generally accepted in the United States of
America requires management to make estimates and assumptions that affect the
reported amounts of assets and liabilities and disclosure of contingent assets
and liabilities at the date of the financial statements and the reported amounts
of revenues and expenses during the reporting period. Actual results could
differ from those estimates.

     The Company's Interim Financial Statements reflect all normal recurring
adjustments that are, in the opinion of management, necessary to present fairly
the financial position, results of operations and cash flows for the respective
periods. Amounts reported in the Company's Statements of Income are not
necessarily indicative of amounts expected for a full-year period due to the
effects of, among other things, seasonal variations in energy consumption.

     Amoritization. The transition property was recorded at acquired cost and
is being amortized over twelve years, the expected life of the transition
bonds, based on estimated revenue from transition charges, interest accruals
and other expenses. The financing order, which authorized the imposition of the
transition charges and the issuance of the transition bonds, limits the terms
of the transition bonds to no greater than 15 years. In accordance with
Statement of Financial Accounting Standards No. 71, "Accounting for the Effects
of Certain Types of Regulation," amortization is adjusted for over/under
collection of transition charges. The transition charges will be reviewed and
adjusted at least annually by the Public Utility Commission of Texas (Texas
Utility Commission) to correct any overcollections or undercollections during
the preceding 12 months and to provide for the expected recovery of amounts
sufficient to timely provide all payment of debt service and other required
amounts and charges in connection with the transition bonds.

(2)  TRANSITION CHARGES

     The following table shows the aggregate amount of transition charges
remitted by CenterPoint Houston to the trustee under the indenture pursuant to
which the transition bonds were issued (the Trustee) during each month from the
date of issuance of the transition bonds through March 31, 2006 (in thousands):

<TABLE>
<CAPTION>
             2006
           -------
<S>        <C>
January    $   402
February     8,525
March       13,257
</TABLE>



                                        4

<PAGE>

(3)  CASH AND CASH EQUIVALENTS/RESTRICTED FUNDS

     For purposes of the Balance Sheet and Statement of Cash Flows, the Company
considers investments purchased with a maturity of three months or less to be
the equivalent of cash. The trustee's administrative agent has established, as
provided in the indenture, the following subaccounts for the transition bonds:

     -    The General Subaccount is comprised of collections of transition
          charges remitted to the trustee's administrative agent by the servicer
          with respect to the transition bonds. These amounts accumulate in the
          General Subaccount until they are transferred from the General
          Subaccount on each transition bond payment date. The General
          Subaccount had a balance of $22.3 million at March 31, 2006.

     -    The Excess Funds Subaccount is maintained for the purpose of holding
          any collected transition charges and earnings on amounts in the
          collection account (other than earnings on amounts allocated to the
          Capital Subaccount) not otherwise used on the payment dates of the
          transition bonds for payment of principal, interest, fees or expenses,
          or for funding the Capital Subaccount. The Excess Funds Subaccount had
          a zero balance at March 31, 2006.

     -    The Capital Subaccount received a deposit of approximately $9.3
          million (0.5% of the initial principal amount of the transition bonds)
          on the date of issuance of the transition bonds. CenterPoint Houston
          contributed this amount to the Company. If amounts available in the
          General and Excess Funds Subaccounts are not sufficient on any payment
          date to make scheduled payments on the transition bonds and payments
          of certain fees and expenses, the trustee's administrative agent will
          draw on amounts in the Capital Subaccount. As of March 31, 2006, the
          Capital Subaccount had a balance of $9.4 million and is classified as
          Restricted Funds in the Balance Sheets.

     -    As of March 31, 2006, cash deposits provided by retail electric
          providers totaled $6.8 million and are classified as Restricted Funds
          in the Balance Sheets.

(4)  LONG-TERM DEBT

     Beginning August 1, 2006, principal and interest payments on the transition
bonds will be made semi-annually on February 1 and August 1 of each year and
will be paid from funds deposited daily with the trustee by CenterPoint Houston
as servicer of the transition property.

     The source of repayment for the transition bonds is the transition charges.
The servicer collects this non-bypassable charge from retail electric providers
in CenterPoint Houston's service territory. The servicer deposits transition
charge collections into the General Subaccount maintained by the trustee's
administrative agent.

(5)  RELATED PARTY TRANSACTIONS AND MAJOR CUSTOMERS

     RELATED PARTY TRANSACTIONS. As the servicer, CenterPoint Houston manages
and administers the transition property of the Company and collects the
transition charges on behalf of the Company. The Company pays a fixed annual
servicing fee to CenterPoint Houston for these services. Pursuant to an
administration agreement entered into between the Company and CenterPoint
Houston, CenterPoint Houston also provides administrative services to the
Company. The Company pays CenterPoint Houston a fixed fee for performing these
services, plus all reimbursable expenses. The Company recorded administrative
and servicing fees of $0.3 million for the three months ended March 31, 2006.


                                        5

<PAGE>
     MAJOR CUSTOMERS. Subsidiaries of Reliant Energy, Inc. (formerly named
Reliant Resources, Inc.) (RRI) collect the majority of the transition charges
from retail electric customers. At March 31, 2006, subsidiaries of RRI had
letters of credit aggregating approximately $21 million on deposit with the
trustee. As with any retail electric provider that may default in its payment
obligations in respect of transition charges, the servicer is expected to direct
the trustee to seek recourse against such letters of credit or alternate form of
credit support as a remedy for any payment default that may occur.


                                        6

<PAGE>

ITEM 2. MANAGEMENT'S NARRATIVE ANALYSIS OF RESULTS OF OPERATIONS

     We meet the conditions specified in General Instruction H(1)(a) and (b) to
Form 10-Q and therefore are providing the following analysis of our results of
operations using the reduced disclosure format for wholly owned subsidiaries of
reporting companies. Accordingly, we have omitted from this report the
information called for by Item 2 (Management's Discussion and Analysis of
Financial Condition and Results of Operations) and Item 3 (Quantitative and
Qualitative Disclosures About Market Risk) of Part I and the following Part II
items of Form 10-Q: Item 2 (Unregistered Sales of Equity Securities and Use of
Proceeds), Item 3 (Defaults Upon Senior Securities) and Item 4 (Submission of
Matters to a Vote of Security Holders). This analysis should be read in
combination with the Interim Financial Statements included in Item 1 of this
Form 10-Q.

     We are a Delaware limited liability company established in December 2004
for limited purposes. We issued $1.851 billion aggregate principal amount of
transition bonds on December 16, 2005 and used the net proceeds to purchase the
transition property from CenterPoint Energy Houston Electric, LLC (CenterPoint
Houston). As we are restricted by our organizational documents from engaging in
activities other than those described under "Business" in Item 1 of our Annual
Report on Form 10-K for the year ended December 31, 2005, income statement
effects are limited primarily to income generated from the transition charges,
interest expense on the transition bonds, amortization of the transition
property, debt issuance expenses and the discount on the transition bonds,
transition property servicing and administration fees and incidental investment
interest income.

     For the three months ended March 31, 2006, revenue from transition charges
was $38.1 million and investment income was $0.2 million. Interest expense of
$23.6 million related to interest on the transition bonds and amortization
expense of $0.6 million related to amortization of debt issuance expenses and
the discount on the transition bonds. We recorded administrative expenses of
$0.5 million for the three months ended March 31, 2006.

     We will use collections of transition charges to make scheduled principal
and interest payments on the transition bonds. Transition charges, together with
interest earned on collected transition charges, are expected to offset (1)
expected principal payments and interest expense on the transition bonds, (2)
amortization of the transition property, debt issuance expenses and the discount
on the transition bonds and (3) fees and expenses, including fees charged by
CenterPoint Houston for servicing the transition property and providing
administrative services to us.

     The transition charges are reviewed and adjusted at least annually by the
Public Utility Commission of Texas, and semi-annually as necessary, to ensure
the expected recovery of amounts sufficient to timely provide payment of
principal and interest on the transition bonds.

     Holders of transition bonds may experience payment delays or incur losses
if our assets are not sufficient to pay interest or the scheduled principal of
the transition bonds. Funds for payments depend on the transition property and
the right to collect the transition charges over a period that Texas law limits
to 15 years. In addition, collections depend on the amount of electricity
consumed within CenterPoint Houston's service territory and our ability to
collect transition charges from retail electric providers.

     In all material respects, each significant retail electric provider (i)
has been billed in accordance with the applicable financing order of the Texas
Utility Commission, (ii) has made all payments in compliance with the
requirements outlined in the financing order, and (iii) has satisfied the
creditworthiness requirements of the financing order.

ITEM 4. CONTROLS AND PROCEDURES

     In accordance with Exchange Act Rules 13a-15 and 15d-15, we carried out an
evaluation, under the supervision and with the participation of management,
including our principal executive officer and principal financial officer, of
the effectiveness of our disclosure controls and procedures as of the end of the
period covered by this report. Based on that evaluation, our principal executive
officer and principal financial officer concluded that our disclosure controls
and procedures were effective as of March 31, 2006 to provide assurance that
information required to be disclosed in our reports filed or submitted under the
Exchange Act is recorded, processed, summarized and reported within the time
periods specified in the Securities and Exchange Commission's rules and forms
and such information is accumulated and communicated to our management,
including our principal executive officer and principal financial officer, as
appropriate to allow timely decisions regarding disclosure.

     There has been no change in our internal controls over financial reporting
that occurred during the three months ended March 31, 2006 that has materially
affected, or is reasonably likely to materially affect, our internal controls
over financial reporting.


                                        7

<PAGE>

                           PART II. OTHER INFORMATION

ITEM 1A. RISK FACTORS

     There have been no material changes from the risk factors disclosed in our
Annual Report on Form 10-K for the year ended December 31, 2005.

ITEM 6. EXHIBITS

     The following exhibits are filed herewith:

     Exhibits not incorporated by reference to a prior filing are designated by
a cross (+); all exhibits not so designated are incorporated by reference to a
prior filing of CenterPoint Energy Transition Bond Company II, LLC.

<TABLE>
<CAPTION>
                                         Report or
                                         Registration          SEC File or
Exhibit Number   Description             Statement             Registration Number   Exhibit References
--------------   ---------------------   -------------------   -------------------   ------------------
<S>              <C>                     <C>                   <C>                   <C>
4.1              Amended and Restated    Current Report on     333-121505            3.1
                 Certificate of          Form 8-K filed with
                 Formation of            the SEC on December
                 CenterPoint Energy      16, 2005
                 Transition Bond
                 Company II, LLC

4.2              Amended and Restated    Current Report on     333-121505            3.2
                 Limited Liability       Form 8-K filed with
                 Company Agreement of    the SEC on December
                 CenterPoint Energy      16, 2005
                 Transition Bond
                 Company II, LLC

+31.1            Section 302
                 Certification of
                 Gary L. Whitlock

+31.2            Section 302
                 Certification of
                 Marc Kilbride

+32.1            Section 906
                 Certification of
                 Gary L. Whitlock

+32.2            Section 906
                 Certification of
                 Marc Kilbride

+99.1            Items incorporated
                 by reference from
                 the CenterPoint
                 Energy Transition
                 Bond Company II, LLC
                 Form 10-K. Item 1A
                 "Risk Factors."
</TABLE>


                                        8

<PAGE>

                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                        CENTERPOINT ENERGY TRANSITION BOND
                                        COMPANY II, LLC


                                        By: /s/ James S. Brian
                                            ------------------------------------
                                            James S. Brian
                                            Senior Vice President and
                                            Chief Accounting Officer

Date: May 12, 2006


                                       9
<PAGE>
                               INDEX TO EXHIBITS

<TABLE>
<CAPTION>
                                         Report or
                                         Registration          SEC File or
Exhibit Number   Description             Statement             Registration Number   Exhibit References
--------------   ---------------------   -------------------   -------------------   ------------------
<S>              <C>                     <C>                   <C>                   <C>
4.1              Amended and Restated    Current Report on     333-121505            3.1
                 Certificate of          Form 8-K filed with
                 Formation of            the SEC on December
                 CenterPoint Energy      16, 2005
                 Transition Bond
                 Company II, LLC

4.2              Amended and Restated    Current Report on     333-121505            3.2
                 Limited Liability       Form 8-K filed with
                 Company Agreement of    the SEC on December
                 CenterPoint Energy      16, 2005
                 Transition Bond
                 Company II, LLC

+31.1            Section 302
                 Certification of
                 Gary L. Whitlock

+31.2            Section 302
                 Certification of
                 Marc Kilbride

+32.1            Section 906
                 Certification of
                 Gary L. Whitlock

+32.2            Section 906
                 Certification of
                 Marc Kilbride

+99.1            Items incorporated
                 by reference from
                 the CenterPoint
                 Energy Transition
                 Bond Company IL,
                 Form 10-K. Item 1A
                 "Risk Factors."
</TABLE>