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As Of Filer Filing For·On·As Docs:Size Issuer Agent 1/30/15 Toledo Edison Co 10-D 1/15/15 5:1.1M FirstEnergy Ohio P… 2013 CEI Funding LLC Cleveland Electric Illuminating Co TE Funding LLC FirstEnergy Ohio PIRB Special Purpose Trust 2013 Ohio Edison Co OE Funding LLC |
Document/Exhibit Description Pages Size 1: 10-D Periodic Distribution Report by an Asset-Backed HTML 66K Issuer 2: EX-99.1 Miscellaneous Exhibit HTML 56K 3: EX-99.2 Miscellaneous Exhibit HTML 128K 4: EX-99.3 Miscellaneous Exhibit HTML 88K 5: EX-99.4 Miscellaneous Exhibit HTML 98K
Exhibit99_4 - TE FUNDING |
TE FUNDING LLC SEMIANNUAL SERVICER CERTIFICATE | |||||||
Pursuant
to Section 4.01(d)(iii) of the Phase-In-Recovery Property Servicing Agreement, dated as of June 20, 2013 (the “Servicing Agreement”), between The Toledo Edison Company, as servicer and TE Funding LLC, the Servicer does hereby certify, for the Current Payment Date, as follows: | |||||||
Capitalized terms used herein have their respective meanings as set forth in the Servicing Agreement. References herein to certain sections and subsections are references to the respective sections of the Servicing Agreement. | |||||||
1. Phase-In-Recovery
Charge Collections and Aggregate Amounts Available for the Current Payment Date: | |||||||
i. | July Partial Amount Remitted: | $80,983.83 | |||||
ii. | August
Amount Remitted: | $242,133.76 | |||||
iii. | September Amount Remitted: | $243,002.78 | |||||
iv. | October
Amount Remitted: | $202,122.95 | |||||
v. | November Amount Remitted: | $230,253.64 | |||||
vi. | December
Amount Remitted: | $273,873.16 | |||||
vii. | January Partial Amount Remitted: | $117,129.00 | |||||
viii. | Total
Amount Remitted for this Period July 16, 2014 through January 15, 2015 (sum of i. through vii. above): | $1,389,499.12 | |||||
ix. | Net Earnings on Collection Account: | $42.01 | |||||
x. | Expenses
Paid to Date: | $ - | |||||
xi. | General Subaccount Balance (sum of viii. and ix. above minus x.): | $1,389,541.13 | |||||
xii. | Excess
Funds Subaccount Balance Before Current Payment is Made: | $ - | |||||
xiii. | Capital Subaccount Balance Before Current Payment is Made: | $588,959.26 | |||||
xiv. | Collection
Account Balance (sum of xi. Through xiii. Above): | $1,978,500.39 | |||||
2.
Outstanding Principal Balance as of Prior Payment Date by Tranche: | |||||||
i. | Tranche A-1 Principal Balance Outstanding Bond: | $2,796,264.00 | |||||
ii. | Tranche
A-2 Principal Balance Outstanding Bond: | $3,883,000.00 | |||||
ii. | Tranche A-3 Principal Balance Outstanding Bond: | $35,711,000.00 | |||||
iv. | Total
Bond Principal Balance: | $42,390,264.00 | |||||
3. Required
Funding/Payments as of Current Payment Date: | |||||||
a) Projected Principal Balances
and Payments | |||||||
Projected | Semiannual | ||||||
Principal Balance | Principal Due | ||||||
i. | Tranche
A-1 Bond | $2,171,529.00 | $624,735.00 | ||||
ii. | Tranche A-2 Bond | $3,883,000.00 | $ - | ||||
iii | Tranche
A-3 Bond | $35,711,000.00 | $ - | ||||
iv. | Total Projected Principal Amount: | $41,765,529.00 | $624,735.00 | ||||
b)
Required Interest Payments | |||||||
Bond | Days in | Interest | |||||
Interest Rate | Applicable Period | Due | |||||
i. | Tranche
A-1 Bond | 0.67900% | 180 | $9,493.32 | |||
ii. | Tranche A-2 Bond | 1.72600% | 180 | $33,510.29 | |||
iii. | Tranche
A-3 Bond | 3.45000% | 180 | $616,014.75 | |||
iv. | Total Required Interest Amount: | $659,018.36 | |||||
c)
Projected Subaccount Payments and Levels | |||||||
Subaccount: | Required Capital Level | Funding Required | |||||
i. | Capital
Subaccount: | $759,010.00 | $170,050.74 | ||||
ii. | Total Subaccount Payments and Levels: | $759,010.00 | $ - | ||||
4.
Allocation of Remittances as of Current Payment Date Pursuant to Section 8.02(e) of Bond Indenture: |
a)
Semiannual Expenses | |||||||
Net Expense Amount (Payable on Current Payment Date): | |||||||
i. | Bond,
Delaware and Certificate Trustee Fees and Expenses allocable to Bond Issuer: | $ - | |||||
ii. | Semiannual Servicing Fee: | $21,686.00 | |||||
iii. | Semiannual
Administration Fee: | $4,874.00 | |||||
iv. | Operating Expenses (subject to Cap): | $5,737.56 | |||||
v. | CAT
Tax: | $3,755.35 | |||||
vi. | Total Expenses: | $36,052.91 | |||||
b)
Semiannual Interest | |||||||
Per $1000 of Original | |||||||
Aggregate | Principal
Amount | ||||||
i. | Tranche A-1 Bond | $9,493.32 | $2.51 | ||||
ii. | Tranche A-2 Bond | $33,510.29 | $8.63 | ||||
iii. | Tranche
A-3 Bond | $616,014.75 | $17.25 | ||||
iv. | Total Semiannual Interest: | $659,018.36 | |||||
c)
Semiannual Principal | |||||||
Per $1000 of Original | |||||||
Aggregate | Principal
Amount | ||||||
i. | Tranche A-1 Bond | $624,735.00 | $165.36 | ||||
ii. | Tranche A-2 Bond | $ - | |||||
iii. | Tranche
A-3 Bond | $ - | |||||
iv. | Total Semiannual Principal: | $624,735.00 | |||||
d)
Other Payments | |||||||
i. | Total Operating Expenses (in excess of [$100,000]): | $ - | |||||
ii. | Unpaid
Operating Expenses: | $ - | |||||
Funding of Capital Subaccount (to required Capital Levels): | $69,734.86 | ||||||
Unpaid
and Accrued Return on Capital: | $ - | ||||||
Return on Capital: | |||||||
iii. | Reimbursement
of Servicer of Certain Indemnity Amounts Paid to Trustee: | ||||||
Deposits to Excess Funds Subaccount: | $ - | ||||||
5. Outstanding
Principal Balance and Collection Account Balance as of Current Payment Date (after giving effect to payments to be made on such distribution date): | |||||||
a) Principal Balance Outstanding:
| |||||||
i. | Tranche A-1 Principal Balance Outstanding Bond: | $2,171,529.00 | |||||
ii. | Tranche
A-2 Principal Balance Outstanding Bond: | $3,883,000.00 | |||||
iii. | Tranche A-3 Principal Balance Outstanding Bond: | $35,711,000.00 | |||||
iv. | Total
Bond Principal Balance: | $41,765,529.00 | |||||
b) Collection
Account Balances Outstanding: | |||||||
Balance After Payment Date | |||||||
i. | Capital
Subaccount | $658,694.12 | |||||
ii. | Excess Funds Subaccount: | $ - | |||||
iii. | Total
Subaccount Balance: | $658,694.12 | |||||
6.
Subaccount Draws as of Current Payment Date (if applicable, pursuant to Section 8.02(f) of Bond Indenture): | |||||||
i. | Capital Subaccount: | $ - | |||||
ii. | Excess Funds Subaccount: | $ - | |||||
iii. | Total
Subaccount Draws: | $ - | |||||
7.
Shortfalls in Interest and Principal Payments as of Current Payment Date (if applicable): | |||||||
a) Semiannual Interest Shortfall | |||||||
i. | Tranche
A-1 Bond | $ - | |||||
ii. | Tranche A-2 Bond | $ - | |||||
iii. | Tranche
A-3 Bond | $ - | |||||
iv. | Total Semiannual Interest Shortfall: | $ - | |||||
b)
Semiannual Principal Shortfall | |||||||
i. | Tranche A-1 Bond | $ - | |||||
ii. | Tranche
A-2 Bond | $ - | |||||
iii. | Tranche A-3 Bond | $ - | |||||
iv. | Total
Semiannual Principal Shortfall: | $ - | |||||
8. Shortfalls
in Required Subaccount Levels as of Current Distribution Date: | |||||||
i. | Capital Subaccount: | $100,315.88 | |||||
ii. | Total
Subaccount Shortfalls: | $100,315.88 | |||||
The
remainder of this page was intentionally left blank. | |||||||
IN
WITNESS WHEREOF, the undersigned has duly executed and delivered this Semiannual Servicer Certificate this 13 day of January, 2015 | |||||||
THE
TOLEDO EDISON COMPANY, as Servicer | |||||||
By: | /s/
Steven R. Staub | ||||||
Name: Steven
R. Staub | |||||||
Title: Vice President and Treasurer | |||||||
This ‘10-D’ Filing | Date | Other Filings | ||
---|---|---|---|---|
Filed on: | 1/30/15 | None on these Dates | ||
For Period End: | 1/15/15 | |||
7/16/14 | ||||
List all Filings |