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List of Investor-Owned Utility Securitization ROC/RRB Bond Transactions 1997-Present

April, 2017
Date Issuer State Ratings at Issuance Size ($mm) Lead Underwriters Public Utility Commission's Financial Advisor (FA) Use of Proceeds
Nov-97 California Infrastructure and Economic Development Bank Special Purpose Trust PG&E-1 (Pacific Gas & Electric) CA Aaa/AAA/AAA 2,901.0 MSDW/LEH None Stranded Costs
Dec-97 California Infrastructure and Economic Development Bank Special Purpose Trust SCE-1 (Southern California Edison) CA Aaa/AAA/AAA 2,463.0 SSB/LEH None Stranded Costs
Dec-97 California Infrastructure and Economic Development Bank Special Purpose Trust SDG&E,-1 (San Diego Gas & Electric) CA Aaa/AAA/AAA 657.9 MSDW/LEH None Stranded Costs
Dec-98 MPC Natural Gas Funding Trust 1998-1 ( Montana Power) MT Aaa/AAA/AAA 62.7 GS None Stranded Costs
Dec-98 ComEd Transitional Funding Trust (Commonwealth Edison) IL Aaa/AAA/AAA 3,400.0 GS/ML/SSB None Stranded Costs
Dec-98 Illinois Power Special Purpose Trust (Illinois Power) IL Aaa/AAA/AAA 864.0 ML/SSB None Stranded Costs
Mar-99 PECO Energy Transition Trust (PECO Energy) PA Aaa/AAA/AAA 4,000.0 SSB None Stranded Costs
Apr-99 Sierra Pacific CA Aaa/AAA/AAA 24.0 GS None Stranded Costs
Jul-99 Massachusetts RRB Special Purpose Trust BEC-1 (Boston Edison) MA Aaa/AAA/AAA 725.0 LEH/GS None Stranded Costs
Jul-99 PP&L Transition Bond Company LLC (Pennsylvania Power & Light) PA Aaa/AAA/AAA 2,420.0 MSDW None Stranded Costs
Nov-99 West Penn Funding, LLC (West Penn Power) PA Aaa/AAA/AAA 600.0 MSDW None Stranded Costs
Apr-00 PECO Energy Transition Trust (PECO Energy) PA Aaa/AAA/AAA 1,000.0 SSB None Stranded Costs
Jan-01 PSE&G Transition Funding LLC (Public Service Electric & Gas) NJ Aaa/AAA/AAA 2,525.0 LEH Bear Stearns Stranded Costs
Feb-01 PECO Energy Transition Trust (PECO Energy) PA Aaa/AAA/AAA 805.5 SSB None Stranded Costs
Mar-01 The Detroit Edison Securitization Funding LLC MI Aaa/AAA/AAA 1,750.0 SSB First Acceptance Corp. Stranded Costs
Mar-01 Connecticut RRB Special Purpose Trust CL&P-1 (Connecticut Light and Power) CT Aaa/AAA/AAA 1,438.4 LEH/SSB None Stranded Costs
Apr-01 PSNH Funding LLC (Public Service Company of New Hampshire) NH Aaa/AAA/AAA 525.0 SSB/BS State Treasurer Office (PRAG) Stranded Costs
May-01 Massachusetts RRB Special Purpose Trust WMECO-1 (Western Massachusetts Electric) MA Aaa/AAA/AAA 155.0 LEH/SSB None Stranded Costs
Oct-01 CenterPoint Energy Transition Bond Company I, LLC TX Aaa/AAA/AAA 797.335 ML Saber Partners Stranded Costs
Oct-01 Consumers Funding LLC (Consumers Energy) MI Aaa/AAA/AAA 468.592 MS First Acceptance Corp. Stranded Costs
Jan-02 PSNH Funding LLC 2 (Public Service Company of New Hampshire) NH Aaa/AAA/AAA 50.0 SSB None Stranded Costs
Jan-02 CPL Transition Funding LLC (Central Power & Light) TX Aaa/AAA/AAA 797.3 GS Saber Partners Stranded Costs
Jun-02 JCP&L Transition Funding LLC (Jersey Central Power & Light) NJ Aaa/AAA/AAA 320.0 GS Bear Stearns Stranded Costs
Dec-02 Atlantic City Electric Transition Funding LLC (Atlantic City Electric) NJ Aaa/AAA/AAA 440.0 MS Bear Stearns Stranded Costs
Aug-03 Oncor Electric Delivery Transition Bond Company LLC TX Aaa/AAA/AAA 500.0 LEH/MS Saber Partners Stranded Costs
Dec-03 Atlantic City Electric Transition Funding LLC (Atlantic City Electric) NJ Aaa/AAA/AAA 152.0 MS Bear Stearns Stranded Costs
May-04 TXU Electric Delivery Transition Bond Company LLC TX Aaa/AAA/AAA 789.777 ML/WAC Saber Partners Stranded Costs
Jul-04 Rockland Electric Company Transition Funding LLC (Rockland Electric) NJ Aaa/AAA/AAA 46.3 Citi/GS Bear Stearns Stranded Costs
Jan-05 PG&E Energy Recovery Funding LLC (Pacific Gas & Electric) CA Aaa/AAA/AAA 1,887.9 MS Bear Stearns Stranded Costs
Feb-05 Massachusetts RRB Special Purpose Trust 2005-1 (Boston Edison and Commonwealth Electric) MA Aaa/AAA 674.5 GS/LEH None Stranded Costs
Sep-05 PSE&G Transition Funding II LLC (Public Service Electric & Gas) NJ Aaa/AAA/AAA 102.7 CSFB/Bar Saber Partners Deferred Balances
Sep-05 West Penn Power, Ser. 2005-A PA Aaa/AAA/AAA 115.0 CSFB None Stranded Costs
Oct-05 PG&E Energy Recovery Funding LLC (Pacific Gas & Electric) CA Aaa/AAA/AAA 844.5 MS/Bar/Citi Bear Stearns Regulatory Asset
Dec-05 CenterPoint Energy Transition Bond Company II, LLC TX Aaa/AAA/AAA 1,851.0 CSFB/LEH/RBS Saber Partners Stranded Costs
Aug-06 JCP&L Transition Funding II LLC (Jersey Central Power & Light) NJ Aaa/AAA/AAA 182.4 GS/Citi/LEH Bear Stearns Deferred Balances
Pending Wisconsin Electric Power WI 450.0 - Saber Partners Environmental
Oct-06 AEP Texas Central Transition Funding II LLC TX Aaa/AAA/AAA 1,739.7 CS/RBS/JP Saber Partners Stranded Costs
Apr-07 MP Environmental Funding LLC (Monongahela Power) WV Aaa/AAA/AAA 344.5 FAC/Loop Saber Partners Environmental
Apr-07 PE Environmental Funding LLC (Potomac Edison) WV Aaa/AAA/AAA 114.8 FAC/Loop Saber Partners Environmental
May-07 FPL Recovery Funding LLC (Florida Power & Light) FL Aaa/AAA/AAA 652.0 WAC Saber Partners Storm Recovery
Jun-07 RSB BondCo LLC (Baltimore Gas & Electric) MD Aaa/AAA/AAA 623.2 Bar/Citi/RBS/MS PRAG Deferred Balances
Jun-07 Entergy Gulf States Reconstruction Funding I, LLC TX Aaa/AAA/AAA 329.5 MS None Storm Recovery
Jan-08 CenterPoint Energy Transition Bond III, LLC TX Aaa/AAA/AAA 488.472 Citi/CS/MS None Storm Recovery
Feb-08 Cleco Katrina/Rita Hurricane Recovery Funding LLC LA Aaa/AAA/AAA 180.6 CS Pathfinder Storm Recovery
Jul-08 Louisiana Public Facilities Authority (Louisiana Utilities Restoration Corporation/ELL) LA Aaa/AAA/AAA 687.7 Citi/JP Pathfinder Storm Recovery
Jul-08 Louisiana Public Facilities Authority (Louisiana Utilities Restoration Corporation/EGSL) LA Aaa/AAA/AAA 278.4 Citi/JP Pathfinder Storm Recovery
Oct-09 Entergy Texas Restoration Funding, LLC TX Aaa/AAA/AAA 545.9 MS/Citi First Southwest (Not full FA/"Pricing Advisor" Only) Recovery
Nov-09 CenterPoint Energy Restoration Bond Company, LLC TX Aaa/AAA/AAA 664.859 GS/Citi First Southwest (Not full FA/"Pricing Advisor" Only) Recovery
Dec-09 PE Environmental Funding LLC (Potomac Edison) WV Aaa/AAA/AAA 21.5 Jefferies/Williams Saber Partners Environmental
Dec-09 MP Environmental Funding LLC (Monongahela Power) WV Aaa/AAA/AAA 64.4 Jefferies/Williams Saber Partners Environmental
Jul-10 Louisiana Local Government Environmental Facilities and Community Development Authority (Louisiana Utilities Restoration Corporation Project/EGSL) LA Aaa/AAA/AAA 244.1 Citi/JP Pathfinder Storm Recovery
Jul-10 Louisiana Local Government Environmental Facilities and Community Development Authority (Louisiana Utilities Restoration Corporation Project/ELL) LA Aaa/AAA/AAA 468.9 Citi/JP Pathfinder Storm Recovery
Aug-10 Entergy Arkansas Energy Restoration Funding, LLC AK Aaa(sf)/AAA(sf)/AAA(sf) 124.1 MS None Storm Recovery
Sep-11 Entergy Louisiana Investment Recovery Funding I, LLC LA Aaa(sf)/AAA(sf)/AAA(sf) 207.1 MS/Citi Sisung Group Stranded Costs
Jan-12 CenterPoint Energy Transition Bond Company IV, LLC TX Aaa(sf)/AAA(sf)/AAA(sf) 1,695.0 GS/Citi/MS First Southwest (Not full FA/"Pricing Advisor" Only) Stranded Costs
Mar-12 AEP Texas Central Transition Funding III LLC TX Aaa(sf)/AAA(sf)/AAA(sf) 800.0 MS/Bar/Citi First Southwest (Not full FA/"Pricing Advisor" Only) Stranded Costs
Jun-13 FirstEnergy Ohio PIRB Special Purpose Trust 2013 OH Aaa(sf)/AAA(sf)/AAA(sf) 444.922 Citi/CAS/GS First Southwest Deferred Balances
Jul-13 Ohio Phase-In-Recovery Funding, LLC OH Aaa(sf)/AAA(sf)/AAA(sf) 267.408 Citi/RBC Oxford Advisors/PRAG Deferred Balances
Nov-13 Appalachian Consumer Rate Relief Funding LLC WV Aaa(sf)/AAA(sf)/AAA(sf) 380.3 RBS/MS PRAG Deferred Balances
Jul-14 Consumers 2014 Securitization Funding, LLC MI Aaa(sf)/AAA(sf)/AAA(sf) 378.0 Citi/GS None Stranded Costs
Aug-14 Louisiana Local Government Environmental Facilities and Community Development Authority (Louisiana Utilities Restoration Corporation Project/ELL) LA Aaa(sf)/AAA(sf)/AAA(sf) 243.85 Citi Sisung Group/Government Consultants Storm Recovery
Aug-14 Louisiana Local Governments Environmental Facilities Authority (Louisiana Utilities Restoration Corporation Project/EGSL) LA Aaa(sf)/AAA(sf)/AAA(sf) 71.0 Citi Sisung Group/Government Consultants Storm Recovery
Jul-15 Entergy New Orleans Storm Recovery Funding I, L.L.C. LA Aa1(sf)/AAA(sf) 98.73 Citi None Storm Recovery
Jun-16 Duke Energy Florida Project Finance, LLC FL Aaa(sf)/AAA(sf)/AAA(sf) 1,294.0 RBC/Guggenheim Saber Partners Nuclear Plant Retirement
-18 PSNH Funding LLC 3 (Public Service Company of New Hampshire) NH Aaa(sf)/AAA(sf)/AAA(sf) 635.663 GS/Citi Stranded Costs