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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 PG&E, Ser. 1997-1 CA Aaa/AAA/AAA 2,901.0 MSDW/LEH None Stranded Costs
Dec-97 SCE, Ser. 1997-1 CA Aaa/AAA/AAA 2,463.0 SSB/LEH None Stranded Costs
Dec-97 SDG&E, Ser. 1997-1 CA Aaa/AAA/AAA 657.9 MSDW/LEH None Stranded Costs
Dec-98 Montana Power MT Aaa/AAA/AAA 62.7 GS None Stranded Costs
Dec-98 ComEd, Ser. 1998 IL Aaa/AAA/AAA 3,400.0 GS/ML/SSB None Stranded Costs
Dec-98 Illinois Power, Ser. 1998-1 IL Aaa/AAA/AAA 864.0 ML/SSB None Stranded Costs
Mar-99 PECO, Series 1999-A 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 MA Special Purpose RRB Trust (Boston Edison) MA Aaa/AAA/AAA 725.0 LEH/GS None Stranded Costs
Jul-99 PP&L, Ser. 1999-1 PA Aaa/AAA/AAA 2,420.0 MSDW None Stranded Costs
Nov-99 WPP Funding, LLC (West Penn Power), Series 1999-A PA Aaa/AAA/AAA 600.0 MSDW None Stranded Costs
Apr-00 PECO, Series 2000-A PA Aaa/AAA/AAA 1,000.0 SSB None Stranded Costs
Jan-01 PSE&G, Ser. 2001-1 NJ Aaa/AAA/AAA 2,525.0 LEH Bear Stearns Stranded Costs
Feb-01 PECO, Series 2001-A PA Aaa/AAA/AAA 805.5 SSB None Stranded Costs
Mar-01 Detroit Edison, Ser. 2001-1 MI Aaa/AAA/AAA 1,750.0 SSB First Acceptance Corp. Stranded Costs
Mar-01 CL&P, Ser. 2001-1 CT Aaa/AAA/AAA 1,438.4 LEH/SSB None Stranded Costs
Apr-01 PSNH, Ser. 2001-1 NH Aaa/AAA/AAA 525.0 SSB/BS State Treasurer Office (PRAG) Stranded Costs
May-01 WMECO, Ser. 2001-1 MA Aaa/AAA/AAA 155.0 LEH/SSB None Stranded Costs
Oct-01 CenterPoint Energy, Ser. 2001-1 TX Aaa/AAA/AAA 749.0 ML Saber Partners Stranded Costs
Oct-01 Consumers Funding, Ser. 2001-1 MI Aaa/AAA/AAA 468.6 MS First Acceptance Corp. Stranded Costs
Jan-02 PSNH, Ser. 2002-1 NH Aaa/AAA/AAA 50.0 SSB None Stranded Costs
Jan-02 Central Power & Light, Series 2002-1 TX Aaa/AAA/AAA 797.3 GS Saber Partners Stranded Costs
Jun-02 JCP&L 2002-1 NJ Aaa/AAA/AAA 320.0 GS Bear Stearns Stranded Costs
Dec-02 Atlantic City Electric 2002-1 NJ Aaa/AAA/AAA 440.0 MS Bear Stearns Stranded Costs
Aug-03 Oncor Electric 2003-1 TX Aaa/AAA/AAA 500.0 LEH/MS Saber Partners Stranded Costs
Dec-03 Atlantic City Electric 2003-1 NJ Aaa/AAA/AAA 152.0 MS Bear Stearns Stranded Costs
May-04 Oncor/TXU Electric 2004-1 TX Aaa/AAA/AAA 789.8 ML/WAC Saber Partners Stranded Costs
Jul-04 Rockland Electric NJ Aaa/AAA/AAA 46.3 Citi/GS Bear Stearns Stranded Costs
Feb-05 Pacific Gas and Electric CA Aaa/AAA/AAA 1,887.9 MS Bear Stearns Stranded Costs
Feb-05 MA Special Purpose RRB Trust MA Aaa/AAA 674.5 GS/LEH None Stranded Costs
Sep-05 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
Nov-05 Pacific Gas and Electric CA Aaa/AAA/AAA 844.5 MS/Bar/Citi Bear Stearns Regulatory Asset
Dec-05 CenterPoint Energy TX Aaa/AAA/AAA 1,851.0 CSFB/LEH/RBS Saber Partners Stranded Costs
Aug-06 JCP&L 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 TX Central 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 Florida Power & Light FL Aaa/AAA/AAA 652.0 WAC Saber Partners Storm Recovery
Jun-07 Baltimore Gas & Electric MD Aaa/AAA/AAA 623.2 Bar/Citi/RBS/MS PRAG Deferred Balances
Jun-07 Entergy Gulf States TX Aaa/AAA/AAA 329.5 Citi None Storm Recovery
Feb-08 CenterPoint Energy Transition Bond III, LLC TX Aaa/AAA/AAA 488.5 Citi None Storm Recovery
Mar-08 Cleco Katrina/Rita Hurricane Recovery Funding LLC LA Aaa/AAA/AAA 180.6 CSFB Pathfinder Storm Recovery
Jul-08 LA Public Facilities Authority LA Aaa/AAA/AAA 687.7 Citi/JP Pathfinder Storm Recovery
Aug-08 LA Public Facilities Authority LA Aaa/AAA/AAA 278.4 Citi/JP Pathfinder Storm Recovery
Oct-09 Entergy TX Restoration Funding TX Aaa/AAA/AAA 545.9 MS/Citi First Southwest (Not full FA/"Pricing Advisor" Only) Recovery
Nov-09 CenterPoint Energy Restoration Bond TX Aaa/AAA/AAA 664.9 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 LA Util. Restoration Corp Project/EGSL LA Aaa/AAA/AAA 244.0 Citi/JP Pathfinder Storm Recovery
Jul-10 LA Util. Restoration Corp Project/ELL LA Aaa/AAA/AAA 468.9 Citi/JP Pathfinder Storm Recovery
Aug-10 Entergy Arkansas Energy Restoration Bonds 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 Co. IV 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 TX Central Funding III 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 OH Aaa(sf)/AAA(sf)/AAA(sf) 444.922 Citi/CAS/GS First Southwest Deferred Balances
Jul-13 Ohio Power OH Aaa(sf)/AAA(sf)/AAA(sf) 267.408 Citi/RBC Oxford Advisors/PRAG Deferred Balances
Nov-13 Appalachian Power 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 Governments Environmental Facilities Authority/ For Benefit of Entergy Louisiana LA Aaa(sf)/AAA(sf)/AAA(sf) 243,850.0 Citi Sisung Group/Governmenmt Consultants Storm Recovery
Aug-14 Louisiana Local Governments Environmental Facilities Authority/ For Benefit of Entergy Louisiana LA Aaa(sf)/AAA(sf)/AAA(sf) 71.0 Citi Sisung Group/Governmenmt Consultants Storm Recovery
Jul-15 Entergy New Orleans Storm Recovery Funding I 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