Semiannual Servicer’s Certificate CenterPoint Energy Transition Bond Company IV, LLC $1,695,000,000 2012 Senior Secured Transition Bonds Pursuant to Section 6.13 of the Transition Property Servicing Agreement (the “Agreement”), dated as of January 19,...

Exhibit 99.1

Semiannual Servicer’s Certificate

CenterPoint Energy Transition Bond Company IV, LLC

$1,695,000,000 2012 Senior Secured Transition Bonds

Pursuant to Section 6.13 of the Transition Property Servicing Agreement (the “Agreement”), dated as of January 19, 2012, between

CenterPoint Energy Houston Electric, LLC, as Servicer, and CenterPoint Energy Transition Bond Company IV, 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: October 14, 2016 through April 12, 2017

Payment Date: April 17, 2017

Today’s Date: April 12, 2017

 

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

        
  i.   

Remittances for the October 14 through 31, 2016 Collection Period

      11,302,591.74       
  ii.   

Remittances for the November 1 through 30, 2016 Collection Period

      20,348,593.34       
  iii.   

Remittances for the December 1 through 31, 2016 Collection Period

      17,474,581.78       
  iv.   

Remittances for the January 1 through 31, 2017 Collection Period

      14,123,714.45       
  v.   

Remittances for the February 1 through 28, 2017 Collection Period

      8,563,313.17       
  vi.   

Remittances for the March 1 through 31, 2017 Collection Period

      6,308,833.39       
  vii.   

Remittances for the April 1 through 12, 2017 Collection Period

      2,502,810.82       
  viii.   

Net Earnings on General Subaccount

      114,231.26       [10/1/16 through 3/31/17]  
       

 

 

       
  ix.   

General Subaccount Balance (sum of i through viii above)

      80,738,669.95       
       

 

 

       
  x.   

Excess Funds Subaccount Balance as of Current Payment Date (1)

      43,428,556.21       
  xi.   

Capital Subaccount Balance as of Current Payment Date (2)

      8,492,497.57       
       

 

 

       
  xii.   

Collection Account Balance (sum of ix through xi above)

      132,659,723.73       
       

 

 

       

2. Outstanding Amounts as of Prior Payment Date:

        
  i.   

Tranche A-1 Principal Balance

      58,959,499.00       
  ii.   

Tranche A-2 Principal Balance

      407,516,000.00       
  iii   

Tranche A-3 Principal Balance

      681,262,000.00       
       

 

 

       
  iv.   

Aggregate Principal Balance of all Series 2012 Transition Bonds

      1,147,737,499.00       
       

 

 

       

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

        
        

Principal

    Projected
Principal
Balance		     Semiannual
Principal Due		         
  i.    Tranche A-1      0.00       58,959,499.00     
  ii.    Tranche A-2      402,951,382.00       4,564,618.00     
  iii.    Tranche A-3      681,262,000.00       0.00     
       

 

 

    

 

 

     
  iv.    For all Series 2012 Transition Bonds      1,084,213,382.00       63,524,117.00     
       

 

 

    

 

 

     
              Transition
Bond Interest Rate		     Days in
Interest Period (3)		      Interest Due  
  v.    Required Tranche A-1 Interest      0.9012 %      180        265,671.50  
  vi.    Required Tranche A-2 Interest      2.1606 %      180        4,402,395.35  
  vii.    Required Tranche A-3 Interest      3.0282 %      180        10,314,987.94  

 

(1)  Beginning balance reconciled to reflect $18 transposition error from October 15, 2016 certificate
(2)  Including current period earnings of $17,497.57
(3)  On 30/360 Day basis.

              Required Level
(Including Replenishment
of Amounts Previously
Withdrawn for  4.i.-4.viii.)		     Funding
Required*		  
 

viii.

   

Capital Subaccount

      8,475,000.00       0.00  
    

 

*  Includes $0.00 of prior period unreleased earnings.

     

4. Allocation of Remittances as of Current Payment Date Pursuant to

Section 8.02(d) of Indenture:

     
  i.    Trustee Fees and Expenses      31,500.00    
  ii.    Servicing Fee      423,750.00  (1)   
  iii.    Administration Fee and Independent Manager Fee      53,500.00  (2)   
  iv.    Operating Expenses      47,662.55  (3)   
  v.    Semiannual Interest (including any past-due Semiannual Interest for prior periods)     
                    Per 1,000  
                    of Original  
              Aggregate     Principal Amount  
     1. Tranche A-1 Interest Payment      265,671.50       0.44  
     2. Tranche A-2 Interest Payment      4,402,395.35       10.80  
     3. Tranche A-3 Interest Payment      10,314,987.94       15.14  
  vi.    Principal Due and Payable as a result of (A) Event of Default or (B) on Final Maturity Date     
                    Per 1,000  
                    of Original  
              Aggregate     Principal Amount  
     1. Tranche A-1 Principal Payment      0.00       0.00  
     2. Tranche A-2 Principal Payment      0.00       0.00  
     3. Tranche A-3 Principal Payment      0.00       0.00  
  vii.    Principal Scheduled to be Paid on Current Payment Date  
                    Per 1,000  
                    of Original  
              Aggregate     Principal Amount  
     1. Tranche A-1 Principal Payment      58,959,499.00       97.26  
     2. Tranche A-2 Principal Payment      4,564,618.00       11.20  
     3. Tranche A-3 Principal Payment      0.00       0.00  
  viii.    Operating Expenses not Paid under Clause (iv) above      0.00    
  ix.    Replenishment of Any Amounts Drawn from Capital Subaccount      0.00    
  x.    Amount Calculated at Servicer’sAuthorized Rate of Return on Equity on the Amount Contributed to the Capital Subaccount in Excess of 0.5% of the Initial Outstanding Principal Balance of the Bonds Released to Issuer      NA    
  xi.    Net Earnings in Capital Subaccount Relating to the Initial Contribution of 0.5% of the Initial Outstanding Principal Balance of the Bonds Released to Issuer      17,497.57    
  xii.    Deposit to Excess Funds Subaccount      1,675,085.61    
  xiii.    Released to Issuer upon Series Retirement: Collection Account      0.00    
       

 

 

    
  xiv.    Aggregate Remittances as of Current Payment Date      80,756,167.52    
       

 

 

    
    

 

(1)    Servicing fee: $1,695,000,000 x .05% x 180/360 = $423,750.00

     
    

(2)    Administration fee: $100,000 x 180/360 = $50,000.00 plus Independent Manager fee ($3,500.00)

     

    

(3)    Reimbursement to Administrator for fees/expenses paid as follows:

     

    

Outside counsel

      123.66    
    

Printing

      0.00    
    

Independent auditor

      17,538.89    
    

Rating Agencies

      30,000.00    
       

 

 

    
    

Total

      47,662.55    
       

 

 

    

5. Subaccount Release or Withdrawals as of Current Payment Date Pursuant to Section 8.02(d) of Indenture:

   
  i.    Capital Subaccount Release (available for 4.xi.)      17,497.57  
  ii.    Excess Funds Subaccount Withdrawal (available for 4.i. through 4.x.)      0.00  
  iii.    Capital Subaccount Withdrawal (available for 4.i. through 4.viii.)      0.00  
       

 

 

  
  iv.    Total Release or Withdrawals      17,497.57  
       

 

 

  

6. Outstanding Amounts and Collection Account Balance as of Current Payment Date (after giving effect to payments to be made on such Payment Date):

   
  i.    Tranche A-1 Principal Balance      0.00  
  ii.    Tranche A-2 Principal Balance      402,951,382.00  
  iii.    Tranche A-3 Principal Balance      681,262,000.00  
       

 

 

  
  iv.    Aggregate Principal Balance for all Series 2012 Transition Bonds      1,084,213,382.00  
       

 

 

  
  v.    Excess Funds Subaccount Balance      45,103,641.82  
  vi.    Capital Subaccount Balance      8,475,000.00  
       

 

 

  
  vii.    Aggregate Collection Account Balance      53,578,641.82  
       

 

 

  

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   
     1. Tranche A-1 Bond Interest Payment      0.00  
     2. Tranche A-2 Bond Interest Payment      0.00  
     3. Tranche A-3 Bond Interest Payment      0.00  
 

ii.

    Semiannual Principal   
     1. Tranche A-1 Principal Payment      0.00  
     2. Tranche A-2 Principal Payment      0.00  
     3. Tranche A-3 Principal Payment      0.00  

8. Shortfall in Required Subaccount Level as of Current Payment Date (after giving effect to payments to be made on such Payment Date):

   
 

i.

    Capital Subaccount      0.00  

 

IN WITNESS HEREOF, the undersigned has duly executed and delivered this Semiannual Servicer’s Certificate this 12th day of April, 2017.
CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC, as Servicer
by:  

/s/ Xxxxxx X. XxXxx

  Xxxxxx X. XxXxx
  Assistant Treasurer
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Filed: April 17th, 2017
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