Page 1 of 3 September 18, 2000
Quarterly Servicer's Certificate
(to be delivered pursuant to Section 4.01(d)(ii) of
the Transition Property Servicing Agreement on or before each Remittance Date)
Southern California Edison Company, as Servicer
CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK SPECIAL PURPOSE TRUST
SCE-1
Pursuant to the Transition Property Servicing Agreement dated as of December 11,
1997 (the "Transition Property Servicing Agreement") between Southern California
Edison Company, as Servicer, and SCE Funding LLC, as Note Issuer, the Servicer
does hereby certify as follows:
Collection Periods: June 2000 through August 2000
Distribution Date: September 25, 2000
Capitalized terms used in this Quarterly Servicer's Certificate have
their respective meanings set forth in the Transition Property Servicing
Agreement.
In WITNESS WHEREOF, the undersigned has duly executed and delivered
this Quarterly Servicer's Certificate this 19th day of September, 2000.
SOUTHERN CALIFORNIA EDISON COMPANY, as Servicer
By: Mary C. Simpson
-------------------------------------------
Mary C. Simpson
Title: Assistant Treasurer
1. Distribution of Principal per $1,000 of Original Principal Amount
<TABLE>
<CAPTION>
Principal Payment
per $1,000 of
Original Principal
Original Principal Principal Payment Amount
(A) (B) (B /A x 1,000)
<S> <C> <C> <C>
a. Class A-1 $ 246,300,000.00 $ - $ -
b. Class A-2 307,251,868.00 - -
c. Class A-3 247,840,798.00 61,810,245.00 249.39495635
d. Class A-4 246,030,125.00 - -
e. Class A-5 360,644,658.00 - -
f. Class A-6 739,988,148.00 - -
g. Class A-7 314,944,403.00 - -
2. Distribution of Interest per $1,000 of Original Principal Amount
Interest Payment per
$1,000 of Original
Original Principal Interest Payment Principal Amount
(A) (B) (B / A x 1,000)
a. Class A-1 $ 246,300,000.00 $ - $ -
b. Class A-2 307,251,868.00 - -
c. Class A-3 247,840,798.00 3,017,345.63 12.17453161
d. Class A-4 246,030,125.00 3,825,768.44 15.54999998
e. Class A-5 360,644,658.00 5,662,121.13 15.70000000
f. Class A-6 739,988,148.00 11,802,810.96 15.95000000
g. Class A-7 314,944,403.00 5,054,857.67 16.05000001
</TABLE>
<PAGE>
Page 2 of 3 September 18, 2000
Quarterly Servicer's Certificate
(to be delivered pursuant to Section 4.01(d)(ii) of
the Transition Property Servicing Agreement on or before each Remittance Date)
Southern California Edison Company, as Servicer
CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK SPECIAL PURPOSE TRUST
SCE-1
Pursuant to the Transition Property Servicing Agreement dated as of December 11,
1997 (the "Transition Property Servicing Agreement") between Southern California
Edison Company, as Servicer, and SCE Funding LLC, as Note Issuer, the Servicer
does hereby certify as follows:
<TABLE>
<CAPTION>
Collection Periods: June 2000 through August 2000
Distribution Date: September 25, 2000
3. As of this Payment Date
<S> <C>
a. Required Overcollateralization Level $ 3,386,625.00
b. Required Capital Level 12,215,000.00
c. Outstanding principal balance of Series 1997-1 Notes
i. prior to giving effect to any payments made on this Payment Date 1,857,221,313.00
ii. per Expected Amortization Schedule 1,795,411,068.00
4. Amounts available for distribution this Payment Date:
a. Remittances for June 2000 Collection Period $ 30,301,231.35
b. Remittances for July 2000 Collection Period 33,074,056.24
c. Remittances for August 2000 Collection Period 37,863,549.51
d. Net Earnings on Collection Account 930,056.23
e. General Subaccount Balance (sum of a through d above) 102,168,893.33
f. Reserve Subaccount Balance 14,050,010.48
g. Overcollateralization Subaccount Balance 3,078,750.00
h. Capital Subaccount Balance 12,215,000.00
i. Collection Account Balance (sum of e through h above) 131,512,653.82
5. Distribution of amounts remitted:
a. Note, Delaware, Certificate Trustee Fees $ 1,113.33
b. Servicing Fees 1,160,763.32
c. Quarterly Administration Fees 25,000.00
d. Operating Expenses (up to a maximum of $100,000.00) 1,625.00
e. Quarterly Interest 29,362,903.83
f. Principal Due and Payable -
g. Quarterly Principal 61,810,245.00
h. Operating Expenses in excess of those in d above -
i. Deposit to Overcollateralization Subaccount (up to required level) 307,875.00
j. Deposit to Capital Subaccount (up to required level) -
k. Released to the Note Issuer: Net earnings on Collection Account 930,056.23
l. Released to the Note Issuer upon Series retirement: Overcollateralization Subaccount -
m. Released to the Note Issuer upon Series retirement: Capital Subaccount Balance -
n. Deposit to Reserve Account 8,569,311.62
o. Released to Note Issuer upon Series Retirement: Collection Account -
-------------------
TOTAL $ 102,168,893.33
===================
6. For this Payment Date
a. Withdrawal, if any, from Reserve Subaccount (including $234,259.20 in net earnings) $ 234,259.20
b. Withdrawal, if any, from Overcollateralization Subaccount (including
$49,390.44 in net earnings) 49,390.44
c. Withdrawal, if any, from Capital Subaccount (including $201,971.22 in net earnings) 201,971.22
</TABLE>
<PAGE>
Page 3 of 3 September 18, 2000
Quarterly Servicer's Certificate
(to be delivered pursuant to Section 4.01(d)(ii) of
the Transition Property Servicing Agreement on or before each Remittance Date)
Southern California Edison Company, as Servicer
CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK SPECIAL PURPOSE TRUST
SCE-1
Pursuant to the Transition Property Servicing Agreement dated as of December 11,
1997 (the "Transition Property Servicing Agreement") between Southern California
Edison Company, as Servicer, and SCE Funding LLC, as Note Issuer, the Servicer
does hereby certify as follows:
Collection Periods: June 2000 through August 2000
Distribution Date: September 25, 2000
7. For this Payment Date
a. Current Payment Date September 25, 2000
b. Prior Payment Date* June 25, 1999
c. 30/360 Days in Interest Accrual Period (a-b) 90
8. Interest due and payable as of this Payment Date
<TABLE>
<CAPTION>
Principal Amount
(before giving effect Interest Due
to any payments) Note Interest Rate for this Period Interest Paid
(A) (B) (A x B x 7c /360) this Period
<S> <C> <C> <C> <C>
a. Class A-1 $ - 5.98% $ - $ -
b. Class A-2 - 6.14% - -
c. Class A-3 195,613,979.00 6.17% 3,017,345.63 3,017,345.63
d. Class A-4 246,030,125.00 6.22% 3,825,768.44 3,825,768.44
e. Class A-5 360,644,658.00 6.28% 5,662,121.13 5,662,121.13
f. Class A-6 739,988,148.00 6.38% 11,802,810.96 11,802,810.96
g. Class A-7 314,944,403.00 6.42% 5,054,857.67 5,054,857.67
9. Principal amount as of this Payment Date
Difference Between
Outstanding
Principal Amount
Principal Amount Principal Amount and Amount Shown
(before giving effect (after giving effect to on Expected
to any payments) Principal Payment any payments) Amortization
(A) (B) (A-B) Schedule
a. Class A-1 $ - $ - $ - $ -
b. Class A-2 - - - -
c. Class A-3 195,613,979.00 61,810,245.00 133,803,734.00 -
d. Class A-4 246,030,125.00 - 246,030,125.00 -
e. Class A-5 360,644,658.00 - 360,644,658.00 -
f. Class A-6 739,988,148.00 - 739,988,148.00 -
g. Class A-7 314,944,403.00 - 314,944,403.00 -
------------------
Total $1,795,411,068.00
-----------------
Projected outstanding balance of Series 1997-1 $1,795,411,068.00
</TABLE>
10. Ending balance this Payment Date:
a. Reserve Subaccount $ 22,619,322.11
b. Overcollateralization Subaccount 3,386,625.00
c. Capital Subaccount 12,215,000.00
* or Series issuance Date in the case of the first payment date.
