CenterPoint Energy Transition Bond Company, LLC, is a special purpose subsidiary of CenterPoint Energy, Inc. Under the Texas electric restructuring law that was enacted in 1999, a special purpose subsidiary of a sponsoring utility may issue transition bonds to enable the utility to recover certain stranded costs and regulatory assets. A specific charge imposed on the distribution of electricity to customers supports principal and interest payments on these transition bonds, and is authorized by the Public Utility Commission of Texas (Texas Utility Commission) under a financing order that is now binding, irrevocable and can not be appealed.
CenterPoint Energy Transition Bond Company issued $749 million principal amount of transition bonds in October 2001. As of September 15, 2009, approximately $376 million principal amount of transition bonds remain outstanding.
Semiannual Servicer's Certificates
CenterPoint Energy Transition Bond Company, LLC Transition Bonds, Series 2001-1
Ratings Assigned to the Transition Bonds
Series 2001-1 Remittances
Applications for True-up of Transition Charges