Document

0001578443-23-000009.txt : 20230728 0001578443-23-000009.hdr.sgml : 20230728 20230728171546 ACCESSION NUMBER: 0001578443-23-000009 CONFORMED SUBMISSION TYPE: 10-D PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20230715 0001578443 0000020947 FILED AS OF DATE: 20230728 DATE AS OF CHANGE: 20230728 ABS ASSET CLASS: Other FILER: COMPANY DATA: COMPANY CONFORMED NAME: FirstEnergy Ohio PIRB Special Purpose Trust 2013 CENTRAL INDEX KEY: 0001578443 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 466795854 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-D SEC ACT: 1934 Act SEC FILE NUMBER: 333-187692-06 FILM NUMBER: 231124124 BUSINESS ADDRESS: STREET 1: C/O U.S. BANK TRUST, N.A., AS DE TRUSTEE STREET 2: 190 S. LASALLE STREET, 7TH FLOOR CITY: CHICAGO STATE: IL ZIP: 60603 BUSINESS PHONE: 312-332-7496 MAIL ADDRESS: STREET 1: C/O U.S. BANK TRUST, N.A., AS DE TRUSTEE STREET 2: 190 S. LASALLE STREET, 7TH FLOOR CITY: CHICAGO STATE: IL ZIP: 60603 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OHIO EDISON CO CENTRAL INDEX KEY: 0000073960 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 340437786 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-D SEC ACT: 1934 Act SEC FILE NUMBER: 001-02578 FILM NUMBER: 231124130 BUSINESS ADDRESS: STREET 1: 76 SOUTH MAIN STREET STREET 2: C/O FIRSTENERGY CORP. CITY: AKRON STATE: OH ZIP: 44308-1890 BUSINESS PHONE: 330-761-7837 MAIL ADDRESS: STREET 1: 76 SOUTH MAIN STREET STREET 2: C/O FIRSTENERGY CORP. CITY: AKRON STATE: OH ZIP: 44308-1890 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TOLEDO EDISON CO CENTRAL INDEX KEY: 0000352049 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 344375005 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-D SEC ACT: 1934 Act SEC FILE NUMBER: 001-03583 FILM NUMBER: 231124128 BUSINESS ADDRESS: STREET 1: 76 SOUTH MAIN STREET STREET 2: C/O FIRSTENERGY CORP. CITY: AKRON STATE: OH ZIP: 44308-1890 BUSINESS PHONE: 330-761-7837 MAIL ADDRESS: STREET 1: 76 SOUTH MAIN STREET STREET 2: C/O FIRSTENERGY CORP. CITY: AKRON STATE: OH ZIP: 44308-1890 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CEI Funding LLC CENTRAL INDEX KEY: 0001573334 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 461367273 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-D SEC ACT: 1934 Act SEC FILE NUMBER: 333-187692-03 FILM NUMBER: 231124126 BUSINESS ADDRESS: STREET 1: 76 SOUTH MAIN STREET CITY: AKRON STATE: OH ZIP: 44308 BUSINESS PHONE: 800-736-3402 MAIL ADDRESS: STREET 1: 76 SOUTH MAIN STREET CITY: AKRON STATE: OH ZIP: 44308 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OE Funding LLC CENTRAL INDEX KEY: 0001573352 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 461367425 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-D SEC ACT: 1934 Act SEC FILE NUMBER: 333-187692-01 FILM NUMBER: 231124127 BUSINESS ADDRESS: STREET 1: 76 SOUTH MAIN STREET CITY: AKRON STATE: OH ZIP: 44308 BUSINESS PHONE: 800-736-3402 MAIL ADDRESS: STREET 1: 76 SOUTH MAIN STREET CITY: AKRON STATE: OH ZIP: 44308 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CLEVELAND ELECTRIC ILLUMINATING CO CENTRAL INDEX KEY: 0000020947 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 340150020 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-D SEC ACT: 1934 Act SEC FILE NUMBER: 001-02323 FILM NUMBER: 231124129 BUSINESS ADDRESS: STREET 1: 76 SOUTH MAIN STREET STREET 2: C/O FIRSTENERGY CORP. CITY: AKRON STATE: OH ZIP: 44308-1890 BUSINESS PHONE: 330-761-7837 MAIL ADDRESS: STREET 1: 76 SOUTH MAIN STREET STREET 2: C/O FIRSTENERGY CORP. CITY: AKRON STATE: OH ZIP: 44308-1890 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TE Funding LLC CENTRAL INDEX KEY: 0001573279 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 461367453 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-D SEC ACT: 1934 Act SEC FILE NUMBER: 333-187692-04 FILM NUMBER: 231124125 BUSINESS ADDRESS: STREET 1: 76 SOUTH MAIN STREET CITY: AKRON STATE: OH ZIP: 44308 BUSINESS PHONE: 800-736-3402 MAIL ADDRESS: STREET 1: 76 SOUTH MAIN STREET CITY: AKRON STATE: OH ZIP: 44308 10-D 1 a10-d071523.htm 10-D Document

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-D

ASSET-BACKED ISSUER

DISTRIBUTION REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the semi-annual distribution period from

January 16, 2023 to July 15, 2023


Commission		Issuing Entity,		I.R.S. Employer	Central Index
File No.		Sponsor, Depositor		Identification No.	Key No.

333-187692-06		FIRSTENERGY OHIO PIRB SPECIAL PURPOSE TRUST 2013 (Exact name of issuing entity as specified in its charter)		46-6795854	0001578443
001-02323		THE CLEVELAND ELECTRIC ILLUMINATING COMPANY (Exact name of sponsor and depositor as specified in its charter)		34-0150020	0000020947
001-02578		OHIO EDISON COMPANY (Exact name of sponsor and depositor as specified in its charter)		34-0437786	0000073960
001-03583		THE TOLEDO EDISON COMPANY (Exact name of sponsor and depositor as specified in its charter)		34-4375005	0000352049
333-187692-03		CEI FUNDING LLC (Exact name of bond issuer as specified in its charter)		46-1367273	0001573334
333-187692-01		OE FUNDING LLC (Exact name of bond issuer as specified in its charter)		46-1367425	0001573352
333-187692-04		TE FUNDING LLC (Exact name of bond issuer as specified in its charter)		46-1367453	0001573279

		Steven R. Staub
	Vice President and Treasurer for each bond issuer, sponsor and depositor
		(330) 384-5252
	(Name and telephone number, including area code, of the person to contact in connection with this filing)
	Delaware (State or other jurisdiction of incorporation or organization of the issuing entity and the bond issuers)

	76 South Main Street Akron, OH (Address of principal executive offices of the issuing entity and the bond issuers)		44308 (zip code)
		(800) 736-3402
	(Issuing entity’s and bond issuers’ telephone number, including area code)

Registered/reporting pursuant to
(check one)

Name of
exchange
(If Section 12(b))

Title of Class

Section 12(b)

Section 12(g)

Section 15(d)

2013 Pass-Through Trust Certificates, Tranche A-1

2013 Pass-Through Trust Certificates, Tranche A-2

2013 Pass-Through Trust Certificates, Tranche A-3

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes X_ No __

PART I - DISTRIBUTION INFORMATION

Item 1. Distribution and Pool Performance Information.

The response to Item 1 is set forth in part herein and in part in Exhibits 99.1, 99.2, 99.3 and 99.4.

The record date for distributions (i.e., the interest and scheduled principal payments) described in Exhibit 99.1 is July 14, 2023.

Introductory and explanatory information regarding the material terms, parties and distributions described in Exhibit 99.1 is included in the Prospectus Supplement relating to the 2013 Pass-Through Trust Certificates (the “2013 Trust Certificates”) issued by FirstEnergy Ohio PIRB Special Purpose Trust 2013 (the “Issuing Entity”), dated June 12, 2013, and the related Prospectus, dated June 7, 2013, of CEI Funding LLC, OE Funding LLC, TE Funding LLC and the Issuing Entity filed with the Securities and Exchange Commission (“SEC”) pursuant to Rule 424(b)(2) of the Securities Act of 1933, as amended, on June 13, 2013.

As indicated in Exhibit 99.1, all required interest and scheduled principal payments on the 2013 Trust Certificates have been made with respect to the July 17, 2023 distribution date.

Item 1A. Asset-Level Information.

Omitted pursuant to General Instruction C of Form 10-D.

Item 1B. Asset Representations Reviewer and Investor Communications.

Omitted pursuant to General Instruction C of Form 10-D.

PART II - OTHER INFORMATION

Item 2. Legal Proceedings.

In the last several years, U.S. Bank National Association (“U.S. Bank”) and other large financial institutions have been sued in their capacity as trustee or successor trustee for certain residential mortgage backed securities ("RMBS") trusts. The complaints, primarily filed by investors or investor groups against U.S. Bank and similar institutions, allege the trustees caused losses to investors as a result of alleged failures by the sponsors, mortgage loan sellers and servicers to comply with the governing agreements for these RMBS trusts. Plaintiffs generally assert causes of action based upon the trustees’ purported failures to enforce repurchase obligations of mortgage loan sellers for alleged breaches of representations and warranties, notify securityholders of purported events of default allegedly caused by breaches of servicing standards by mortgage loan servicers and abide by a heightened standard of care following alleged events of default.

U.S. Bank denies liability and believes that it has performed its obligations under the RMBS trusts in good faith, that its actions were not the cause of losses to investors, that it has meritorious defenses, and it has contested and intends to continue contesting the plaintiffs’ claims vigorously. However, U.S. Bank cannot assure you as to the outcome of any of the litigation, or the possible impact of these litigations on the trustee or the RMBS trusts.

On March 9, 2018, a law firm purporting to represent fifteen Delaware statutory trusts (the “DSTs”) that issued securities backed by student loans (the “Student Loans”) filed a lawsuit in the Delaware Court of Chancery against U.S. Bank National Association (“U.S. Bank”) in its capacities as indenture trustee and successor special servicer, and three other institutions in their respective transaction capacities, with respect to the DSTs and the Student Loans. This lawsuit is captioned The National Collegiate Student Loan Master Trust I, et al. v. U.S. Bank National Association, et al., C.A. No. 2018-0167-JRS (Del. Ch.) (the “NCMSLT Action”). The complaint, as amended on June 15, 2018, alleged that the DSTs have been harmed as a result of purported misconduct or omissions by the defendants concerning administration of the trusts and special servicing of the Student Loans. Since the filing of the NCMSLT Action, certain Student Loan borrowers have made assertions against U.S. Bank concerning special servicing that appear to be based on certain allegations made on behalf of the DSTs in the NCMSLT Action.

U.S. Bank has filed a motion seeking dismissal of the operative complaint in its entirety with prejudice pursuant to Chancery Court Rules 12(b)(1) and 12(b)(6) or, in the alternative, a stay of the case while other prior filed disputes involving the DSTs and the Student Loans are litigated. On November 7, 2018, the Court ruled that the case should be stayed in its entirety pending resolution of the first-filed cases. On January 21, 2020, the Court entered an order consolidating for pretrial purposes the NCMSLT Action and three other lawsuits pending in the Delaware Court of Chancery concerning the DSTs and the Student Loans, which remains pending.

U.S. Bank denies liability in the NCMSLT Action and believes it has performed its obligations as indenture trustee and special servicer in good faith and in compliance in all material respects with the terms of the agreements governing the DSTs and that it has meritorious defenses. It has contested and intends to continue contesting the plaintiffs’ claims vigorously.

Item 3. Sales of Securities and Use of Proceeds.

None.

Item 4. Defaults Upon Senior Securities.

Omitted pursuant to General Instruction C of Form 10-D.

Item 5. [RESERVED]

Item 6. Significant Obligors of Pool Assets.

Omitted pursuant to General Instruction C of Form 10-D.

Item 7. Change in Sponsor Interest in the Securities.

None.

Item 8. Significant Enhancement Provider Information.

Omitted pursuant to General Instruction C of Form 10-D.

Item 9. Other Information.

Omitted pursuant to General Instruction C of Form 10-D.

Item 10. Exhibits.


(a)			Documents filed as a part of this report (exhibits marked with an asterisk are filed herewith):


*99.1						Semi-annual Statement of FirstEnergy Ohio PIRB Special Purpose Trust 2013 pursuant to Section 4.03 of the Certificate Indenture dated July 1 7 , 202 3 , relating to the 2013 Trust Certificates.
*99.2						Semi-annual Servicer's Certificate of The Cleveland Electric Illuminating Company dated July 1 5 , 202 3 , relating to the bonds of CEI Funding LLC, which were issued June 20, 2013.
*99.3						Semi-annual Servicer's Certificate of Ohio Edison Company dated July 15 , 202 3 , relating to the bonds of OE Funding LLC, which were issued June 20, 2013.
*99.4						Semi-annual Servicer's Certificate of The Toledo Edison Company dated July 15 , 202 3 , relating to the bonds of TE Funding LLC, which were issued June 20, 2013.


(b)			Exhibits required by this Form and Item 601 of Regulation S-K (exhibits marked with an asterisk are filed herewith):


3.1						Amended and Restated Limited Liability Company Agreement of CEI Funding LLC, dated June 20, 2013 (incorporated by reference to Exhibit 3.1 included as an exhibit to the Issuing Entity's Current Report on Form 8-K (File No. 333-187692-06) filed with the SEC on June 25, 2013).

3.2						Amended and Restated Limited Liability Company Agreement of OE Funding LLC, dated June 20, 2013 (incorporated by reference to Exhibit 3.2 included as an exhibit to the Issuing Entity's Current Report on Form 8-K (File No. 333-187692-06) filed with the SEC on June 25, 2013).

3.3						Amended and Restated Limited Liability Company Agreement of TE Funding LLC, dated June 20, 2013 (incorporated by reference to Exhibit 3.3 included as an exhibit to the Issuing Entity's Current Report on Form 8-K (File No. 333-187692-06) filed with the SEC on June 25, 2013).


4.1						Certificate Indenture, dated as of June 20, 2013, between FirstEnergy Ohio PIRB Special Purpose Trust 2013, and U.S. Bank National Association (incorporated by reference to Exhibit 4.1 included as an exhibit to the Issuing Entity's Current Report on Form 8-K (File No. 333-187692-06) filed with the SEC on June 25, 2013).

4.2						Amended and Restated Declaration of Trust of FirstEnergy Ohio PIRB Special Purpose Trust 2013 among CEI Funding LLC, OE Funding LLC and TE Funding LLC, acting jointly as Settlors, and U.S. Bank Trust National Association, as Delaware Trustee and The Cleveland Electric Illuminating Company, Ohio Edison Company and The Toledo Edison Company, as Administrative Trustee, dated as of June 20, 2013 (incorporated by reference to Exhibit 4.2 included as an exhibit to the Issuing Entity's Current Report on Form 8-K (File No. 333-187692-06) filed with the SEC on June 25, 2013).

4.3						Bond Indenture, dated as of June 20, 2013, between CEI Funding LLC and U.S. Bank National Association (incorporated by reference to Exhibit 4.3 included as an exhibit to the Issuing Entity's Current Report on Form 8-K (File No. 333-187692-06) filed with the SEC on June 25, 2013).

4.4						Bond Indenture, dated as of June 20, 2013, between OE Funding LLC and U.S. Bank National Association (incorporated by reference to Exhibit 4.4 included as an exhibit to the Issuing Entity's Current Report on Form 8-K (File No. 333-187692-06) filed with the SEC on June 25, 2013).

4.5						Bond Indenture, dated as of June 20, 2013, between TE Funding LLC and U.S. Bank National Association (incorporated by reference to Exhibit 4.5 included as an exhibit to the Issuing Entity's Current Report on Form 8-K (File No. 333-187692-06) filed with the SEC on June 25, 2013).

4.6						Form of Pass-Through Trust Certificates (contained in Exhibit 4.1).

4.7						Form of CEI Funding LLC Bonds (contained in Exhibit 4.3).

4.8						Form of OE Funding LLC Bonds (contained in Exhibit 4.4).

4.9						Form of TE Funding LLC Bonds (contained in Exhibit 4.5).

10.1						Fee and Indemnity Agreement, dated as of June 20, 2013, among CEI Funding LLC, OE Funding LLC, TE Funding LLC, U.S. Bank National Association, U.S. Bank Trust National Association and FirstEnergy Ohio PIRB Special Purpose Trust 2013 (incorporated by reference to Exhibit 10.1 included as an exhibit to the Issuing Entity's Current Report on Form 8-K (File No. 333-187692-06) filed with the SEC on June 25, 2013).

10.2						Cross-Indemnity Agreement, dated as of June 20, 2013, among CEI Funding LLC, OE Funding LLC and TE Funding LLC (incorporated by reference to Exhibit 10.2 included as an exhibit to the Issuing Entity's Current Report on Form 8-K (File No. 333-187692-06) filed with the SEC on June 25, 2013).

10.3						Administration Agreement, dated as of June 20, 2013, between CEI Funding LLC and The Cleveland Electric Illuminating Company (incorporated by reference to Exhibit 10.3 included as an exhibit to the Issuing Entity's Current Report on Form 8-K (File No. 333-187692-06) filed with the SEC on June 25, 2013).

10.4						Administration Agreement, dated as of June 20, 2013, between OE Funding LLC and Ohio Edison Company (incorporated by reference to Exhibit 10.4 included as an exhibit to the Issuing Entity's Current Report on Form 8-K (File No. 333-187692-06) filed with the SEC on June 25, 2013).

10.5						Administration Agreement, dated as of June 20, 2013, between TE Funding LLC and The Toledo Edison Company (incorporated by reference to Exhibit 10.5 included as an exhibit to the Issuing Entity's Current Report on Form 8-K (File No. 333-187692-06) filed with the SEC on June 25, 2013).

10.6						Bond Purchase Agreement, dated as of June 20, 2013, between CEI Funding LLC and FirstEnergy Ohio PIRB Special Purpose Trust 2013 (incorporated by reference to Exhibit 10.6 included as an exhibit to the Issuing Entity's Current Report on Form 8-K (File No. 333-187692-06) filed with the SEC on June 25, 2013).


10.7						Bond Purchase Agreement, dated as of June 20, 2013, between OE Funding LLC and FirstEnergy Ohio PIRB Special Purpose Trust 2013 (incorporated by reference to Exhibit 10.7 included as an exhibit to the Issuing Entity's Current Report on Form 8-K (File No. 333-187692-06) filed with the SEC on June 25, 2013).

10.8						Bond Purchase Agreement, dated as of June 20, 2013, between TE Funding LLC and FirstEnergy Ohio PIRB Special Purpose Trust 2013 (incorporated by reference to Exhibit 10.8 included as an exhibit to the Issuing Entity's Current Report on Form 8-K (File No. 333-187692-06) filed with the SEC on June 25, 2013).

10.9						Phase-In-Recovery Property Purchase and Sale Agreement, dated as of June 20, 2013 between CEI Funding LLC and The Cleveland Electric Illuminating Company (incorporated by reference to Exhibit 10.9 included as an exhibit to the Issuing Entity's Current Report on Form 8-K (File No. 333-187692-06) filed with the SEC on June 25, 2013).


10.10						Phase-In-Recovery Property Purchase and Sale Agreement, dated as of June 20, 2013, between OE Funding LLC and Ohio Edison Company (incorporated by reference to Exhibit 10.10 included as an exhibit to the Issuing Entity's Current Report on Form 8-K (File No. 333-187692-06) filed with the SEC on June 25, 2013).

10.11						Phase-In-Recovery Property Purchase and Sale Agreement, dated as of June 20, 2013, between TE Funding LLC and The Toledo Edison Company (incorporated by reference to Exhibit 10.11 included as an exhibit to the Issuing Entity's Current Report on Form 8-K (File No. 333-187692-06) filed with the SEC on June 25, 2013).

10.12						Phase-In-Recovery Property Servicing Agreement, dated as of June 20, 2013, between CEI Funding LLC and The Cleveland Electric Illuminating Company (incorporated by reference to Exhibit 10.12 included as an exhibit to the Issuing Entity's Current Report on Form 8-K (File No. 333-187692-06) filed with the SEC on June 25, 2013).

10.13						Phase-In-Recovery Property Servicing Agreement, dated as of June 20, 2013, between OE Funding LLC and Ohio Edison Company (incorporated by reference to Exhibit 10.13 included as an exhibit to the Issuing Entity's Current Report on Form 8-K (File No. 333-187692-06) filed with the SEC on June 25, 2013).

10.14						Phase-In-Recovery Property Servicing Agreement, dated as of June 20, 2013, between TE Funding LLC and The Toledo Edison Company (incorporated by reference to Exhibit 10.14 included as an exhibit to the Issuing Entity's Current Report on Form 8-K (File No. 333-187692-06) filed with the SEC on June 25, 2013).

*99.1						Semi-annual Statement of FirstEnergy Ohio PIRB Special Purpose Trust 2013 pursuant to Section 4.03 of the Certificate Indenture dated July 1 7 , 202 3 , relating to the 2013 Trust Certificates.

*99.2						Semi-annual Servicer's Certificate of The Cleveland Electric Illuminating Company dated July 15 , 202 3 , relating to the bonds of CEI Funding LLC, which were issued June 20, 2013.

*99.3						Semi-annual Servicer's Certificate of Ohio Edison Company dated July 15 , 202 3 , relating to the bonds of OE Funding LLC, which were issued June 20, 2013.

*99.4						Semi-annual Servicer's Certificate of The Toledo Edison Company dated July 15 , 202 3 , relating to the bonds of TE Funding LLC, which were issued June 20, 2013.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


						FIRSTENERGY OHIO PIRB SPECIAL PURPOSE TRUST 2013
						(Issuing entity)

						By: THE CLEVELAND ELECTRIC ILLUMINATING COMPANY, as Servicer
						OHIO EDISON COMPANY, as Servicer
						THE TOLEDO EDISON COMPANY, as Servicer

						By: /s/ Jason J. Lisowski
						Jason J. Lisowski Vice President and Controller

Date: July 28, 2023

EX-99.1 2 exhibit991-pirbtrust071523.htm EX-99.1 Document

Exhibit 99.1

FirstEnergy Ohio PIRB Special Purpose Trust 2013 Statements

Dated as of July 17, 2023

Pursuant to Section 4.03 of the Certificate Indenture

For the period January 14, 2023 through July 13, 2023

(i) the amount of such distribution to Holders of Certificates allocable to (A) principal and
(B) interest in respect of the Bonds of each Bond Issuer, in each case per $1,000 Original Principal Amount of each Tranche of Certificates;

A) Semiannual Principal


CEI Funding LLC						OE Funding LLC						TE Funding LLC						FirstEnergy Ohio PIRB Special Purpose Trust 2013
				Per $1000 of Original						Per $1000 of Original						Per $1000 of Original						Per $1000 of Original
		Aggregate		Principal Amount				Aggregate		Principal Amount				Aggregate		Principal Amount				Aggregate		Principal Amount
i.	Tranche A-1 Bond	$	—	$	—	i.	Tranche A-1 Bond	$	—	$	—	i.	Tranche A-1 Bond	$	—	$	—	i.	Tranche A-1 Bond	$	—	$	—
ii.	Tranche A-2 Bond	$	—	$	—	ii.	Tranche A-2 Bond	$	—	$	—	ii.	Tranche A-2 Bond	$	—	$	—	ii.	Tranche A-2 Bond	$	—	$	—
iii.	Tranche A-3 Bond	$	2,443,558.00	$	23.69	iii.	Tranche A-3 Bond	$	4,126,239.67	$	33.38	iii.	Tranche A-3 Bond	$	1,151,189.52	$	32.24	iii.	Tranche A-3 Bond	$	7,720,987.19	$	29.42
iv.	Total Semiannual Principal:	$	2,443,558.00			iv.	Total Semiannual Principal:	$	4,126,239.67			iv.	Total Semiannual Principal:	$	1,151,189.52			iv.	Total Semiannual Principal:	$	7,720,987.19

B) Semiannual Interest


CEI Funding LLC						OE Funding LLC						TE Funding LLC						FirstEnergy Ohio PIRB Special Purpose Trust 2013
				Per $1000 of Original						Per $1000 of Original						Per $1000 of Original						Per $1000 of Original
		Aggregate		Interest Amount				Aggregate		Interest Amount				Aggregate		Interest Amount				Aggregate		Interest Amount
i.	Tranche A-1 Bond	$	—	$	—	i.	Tranche A-1 Bond	$	—	$	—	i.	Tranche A-1 Bond	$	—	$	—	i.	Tranche A-1 Bond	$	—	$	—
ii.	Tranche A-2 Bond	$	—	$	—	ii.	Tranche A-2 Bond	$	—	$	—	ii.	Tranche A-2 Bond	$	—	$	—	ii.	Tranche A-2 Bond	$	—	$	—
iii.	Tranche A-3 Bond	$	1,088,042.24	$	10.55	iii.	Tranche A-3 Bond	$	1,820,303.09	$	14.73	iii.	Tranche A-3 Bond	$	516,914.22	$	14.47	iii.	Tranche A-3 Bond	$	3,425,259.55	$	13.05
iv.	Total Semiannual Interest:	$	1,088,042.24			iv.	Total Semiannual Interest:	$	1,820,303.09			iv.	Total Semiannual Interest:	$	516,914.22			iv.	Total Semiannual Interest:	$	3,425,259.55
(ii) any amounts on deposit in the Excess Funds Subaccount of each Bond Issuer as of such date, after giving effect to the payments and deposits to be made on such date;								CEI Funding LLC		$	272,719.85			OE Funding LLC		$	300,414.80			TE Funding LLC		$	159,301.61

(iii) the aggregate outstanding principal balance of the Certificates in respect of the Bonds of each

Bond Issuer, after giving effect to payments allocated to principal reported under (i) above;


CEI Funding LLC				OE Funding LLC				TE Funding LLC				FirstEnergy Ohio PIRB Special Purpose Trust 2013
Principal Balance Outstanding:				Principal Balance Outstanding:				Principal Balance Outstanding:				Principal Balance Outstanding:
i.	Tranche A-1 Principal Balance Outstanding Bond:	$	—	i.	Tranche A-1 Principal Balance Outstanding Bond:	$	—	i.	Tranche A-1 Principal Balance Outstanding Bond:	$	—	i.	Tranche A-1 Principal Balance Outstanding Bond:	$	—
ii.	Tranche A-2 Principal Balance Outstanding Bond:	$	—	ii.	Tranche A-2 Principal Balance Outstanding Bond:	$	—	ii.	Tranche A-2 Principal Balance Outstanding Bond:	$	—	ii.	Tranche A-2 Principal Balance Outstanding Bond:	$	—
iii.	Tranche A-3 Principal Balance Outstanding Bond:	$	60,631,354.36	iii.	Tranche A-3 Principal Balance Outstanding Bond:	$	101,398,577.30	iii.	Tranche A-3 Principal Balance Outstanding Bond:	$	28,814,852.40	iii.	Tranche A-3 Principal Balance Outstanding Bond:	$	190,844,784.06
iv.	Total Bond Principal Balance:	$	60,631,354.36	iv.	Total Bond Principal Balance:	$	101,398,577.30	iv.	Total Bond Principal Balance:	$	28,814,852.40	iv.	Total Bond Principal Balance:	$	190,844,784.06

(iv) the difference, if any, between the aggregate outstanding principal balance of the Certificates scheduled to be outstanding on such date according to the Expected Amortization Schedule and the same information in respect of the Bonds of each Bond Issuer.


CEI Funding LLC			$	—


OE Funding LLC			$	—


TE Funding LLC			$	—


(v) the amount on deposit in the Capital Subaccount for each Bond Issuer as of such date, after giving effect to the payments and deposits to be made on such date, and the Required Capital Level for each Bond Issuer;		Balance After Payment		Required Capital Level			Balance After Payment		Required Capital Level			Balance After Payment		Required Capital Level
	CEI Funding LLC	$	1,160,230.00	$	1,160,230.00	OE Funding LLC	$	847,520.00	$	847,520.00	TE Funding LLC	$	759,010.00	$	759,010.00

(vi) the amount paid by each Bond Issuer, or by the Servicer on behalf of a Bond Issuer, to each of the Bond Trustees and the Delaware Trustee and Certificate Trustee since the previous payment date to and including such payment date;	CEI Funding LLC	$	—			OE Funding LLC	$	—			TE Funding LLC	$	—

(vii) the amount paid by each Bond Issuer, or by the Servicer on behalf of a Bond Issuer, to the related Servicer since the previous payment date to and including such payment date;	CEI Funding LLC	$	116,023.00			OE Funding LLC	$	84,752.00			TE Funding LLC	$	21,686.00

(viii) the amount paid by each Bond Issuer, or by the Servicer on behalf of a Bond Issuer, to the related Administrator since the previous payment date to and including such payment date; and	CEI Funding LLC	$	26,077.00			OE Funding LLC	$	19,048.50			TE Funding LLC	$	4,874.00

(ix) any other transfers and payments made pursuant to each Bond Indenture since the previous payment date.	CEI Funding LLC	$	118,786.93			OE Funding LLC	$	103,295.66			TE Funding LLC	$	34,173.40

In providing the foregoing statement, the Certificate Trustee may rely upon the statements provided by any Bond Trustee pursuant to Section 6.06 of the Bond Indentures (such statements prepared by the Servicers and provided to the Bond Trustee). The Certificate Trustee shall distribute each report distributed to Holders to the Rating Agencies.

EX-99.2 3 exhibit992-ceifunding071523.htm EX-99.2 Document


								Exhibit 99.2
	CEI 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 Cleveland Electric Illuminating Company, as servicer and CEI 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.	January Partial Amount Remitted:	$	278,368.25
		ii.	February Amount Remitted:	$	595,106.08
		iii.	March Amount Remitted:	$	728,014.14
		iv.	April Amount Remitted:	$	673,902.74
		v.	May Amount Remitted:	$	687,958.91
		vi.	June Amount Remitted:	$	740,694.89
		vii.	July Partial Amount Remitted:	$	359,423.51
		viii.	Total Amount Remitted for this Period January 14, 2023 through July 13, 2023 (sum of i. through vii. above):	$	4,063,468.52
		ix.	Net Earnings on Subaccounts:	$	72,641.00
		x.	Expenses Paid to Date:	$	—
		xi.	General Subaccount Balance Before Current Payment is Made (sum of viii. and ix. above minus x.):	$	4,136,109.52
		xii.	Excess Funds Subaccount Balance Before Current Payment is Made:	$	0.00
		xiii.	Capital Subaccount Balance Before Current Payment is Made:	$	1,129,065.49
		xiv.	Collection Account Balance (sum of xi. Through xiii. Above):	$	5,265,175.01

	2. Outstanding Principal Balance as of Prior Payment Date by Tranche:
		i.	Tranche A-1 Principal Balance Outstanding Bond:	$	—
		ii.	Tranche A-2 Principal Balance Outstanding Bond:	$	—
		iii.	Tranche A-3 Principal Balance Outstanding Bond:	$	63,074,912.35
		iv.	Total Bond Principal Balance:	$	63,074,912.35

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

	a) Projected Payments and Resulting Principal Balances
				Projected		Semiannual
				Principal Balance		Principal Due
		i.	Tranche A-1 Bond	$	—	$	—
		ii.	Tranche A-2 Bond	$	—	$	—
		iii	Tranche A-3 Bond	$	60,631,354.36	$	2,443,558.00
		iv.	Total Projected Principal Amount:	$	60,631,354.36	$	2,443,558.00

	b) Required Interest Payments
				Bond		Days in			Interest
				Interest Rate		Applicable Period			Due
		i.	Tranche A-1 Bond	0.67900%		180			$	—
		ii.	Tranche A-2 Bond	1.72600%		180			$	—
		iii.	Tranche A-3 Bond	3.45000%		180			$	1,088,042.24
		iv.	Total Required Interest Amount:						$	1,088,042.24


c) Projected Subaccount Payments and Levels
Subaccount:			Required Capital Level		Funding Required
	i.	Capital Subaccount:	$	1,160,230.00	$	31,164.51
	ii	Total Subaccount Levels:	$	1,160,230.00	$	—

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:	$	116,023.00
	iii.	Semiannual Administration Fee:	$	26,077.00
	iv.	Operating Expenses:	$	107,864.01
	v.	CAT Tax:	$	10,922.92
	vi.	Total Expenses:	$	260,886.93

b) Semiannual Interest
			Aggregate		Per $1000 of Original
					Principal Amount
	i.	Tranche A-1 Bond	$	—	$	—
	ii.	Tranche A-2 Bond	$	—	$	—
	iii.	Tranche A-3 Bond	$	1,088,042.24	$	10.55
	iv.	Total Semiannual Interest:	$	1,088,042.24

c) Semiannual Principal
			Aggregate		Per $1000 of Original
					Principal Amount
	i.	Tranche A-1 Bond	$	—	$	—
	ii.	Tranche A-2 Bond	$	—	$	—
	iii.	Tranche A-3 Bond	$	2,443,558.00	$	23.69
	iv.	Total Semiannual Principal:	$	2,443,558.00

d) Other Payments
	i.	Trustee Operating Expenses (in excess of $100,000):	$	—
	ii.	Unpaid Operating Expenses:	$	—
	iii.	Funding of Capital Subaccount (to required Capital Levels):	$	31,164.51
	iv.	Unpaid and Accrued Return on Capital Account:	$	—
	v.	Return on Capital Account:	$	39,738.00
	vi.	Reimbursement of Servicer of Certain Indemnity Amounts Paid to Trustee:	$	—
	vii.	Deposits to Excess Funds Subaccount:	$	272,719.85

5. Outstanding Principal Balance and Collection Account Balance as of Current Payment Date (after giving effect to payments to be made on such payment date):

a) Principal Balance Outstanding:
	i.	Tranche A-1 Principal Balance Outstanding Bond:	$	—
	ii.	Tranche A-2 Principal Balance Outstanding Bond:	$	—
	iii.	Tranche A-3 Principal Balance Outstanding Bond:	$	60,631,354.36
	iv.	Total Bond Principal Balance:	$	60,631,354.36


b) Collection Account Balances:
			Balance After Payment Date
	i.	Capital Subaccount	$	1,160,230.00
	ii.	Excess Funds Subaccount:	$	272,719.85
	iii.	Total Subaccount Balance:	$	1,432,949.85

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 Payment Date:
	i.	Capital Subaccount:	$	—
	ii.	Total Subaccount Shortfalls:	$	—











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IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Semiannual Servicer Certificate this 15th day of July, 2023.

THE CLEVELAND ELECTRIC ILLUMINATING COMPANY, as Servicer

By:

/s/ Steven R. Staub

Name: Steven R. Staub

Title: Vice President and Treasurer

EX-99.3 4 exhibit993-oefunding071523.htm EX-99.3 Document


							Exhibit 99.3
OE 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 Ohio Edison Company, as servicer and OE 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.	January Partial Amount Remitted:	$	471,061.71
	ii.	February Amount Remitted:	$	953,818.49
	iii.	March Amount Remitted:	$	1,085,171.35
	iv.	April Amount Remitted:	$	909,834.83
	v.	May Amount Remitted:	$	1,022,009.07
	vi.	June Amount Remitted:	$	923,891.38
	vii.	July Partial Amount Remitted:	$	589,172.82
	viii.	Total Amount Remitted for this Period January 14, 2023 through July 13, 2023 (sum of i. through vii. above):	$	5,954,959.65
	ix.	Net Earnings on Collection Account:	$	100,504.31
	x.	Expenses Paid to Date:	$	—
	xi.	General Subaccount Balance (sum of viii. and ix. above minus x.):	$	6,055,463.96
	xii.	Excess Funds Subaccount Balance Before Current Payment is Made:	$	427,617.26
	xiii.	Capital Subaccount Balance Before Current Payment is Made:	$	847,520.00
	xiv.	Collection Account Balance (sum of xi. Through xiii. Above):	$	7,330,601.22

2. Outstanding Principal Balance as of Prior Payment Date by Tranche:
	i.	Tranche A-1 Principal Balance Outstanding Bond:	$	—
	ii.	Tranche A-2 Principal Balance Outstanding Bond:	$	—
	iii.	Tranche A-3 Principal Balance Outstanding Bond:	$	105,524,816.97
	iv.	Total Bond Principal Balance:	$	105,524,816.97

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	$	—	$	—
	ii.	Tranche A-2 Bond	$	—	$	—
	iii	Tranche A-3 Bond	$	101,398,577.30	$	4,126,239.67
	iv.	Total Projected Principal Amount:	$	101,398,577.30	$	4,126,239.67

b) Required Interest Payments
			Bond		Days in		Interest
			Interest Rate		Applicable Period		Due
	i.	Tranche A-1 Bond	0.6790%		180		$	—
	ii.	Tranche A-2 Bond	1.7260%		180		$	—
	iii.	Tranche A-3 Bond	3.4500%		180		$	1,820,303.09
	iv.	Total Required Interest Amount:					$	1,820,303.09



c) Projected Subaccount Payments and Levels
Subaccount			Required Capital Level		Funding Required
	i.	Capital Subaccount:	$	847,520.00	$	—
	ii.	Total Subaccount Payments and Levels:	$	847,520.00	$	—

4. Allocation of Remittances as of Current Payment Date Pursuant to Section 8.02(f) 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:	$	84,752.00
	iii.	Semiannual Administration Fee:	$	19,048.50
	iv.	Operating Expenses (subject to Cap):	$	87,698.76
	v.	CAT Tax:	$	15,596.90
	vi.	Total Expenses:	$	207,096.16

b) Semiannual Interest
			Aggregate		Per $1000 of Original
					Principal Amount
	i.	Tranche A-1 Bond	$	—	$	—
	ii.	Tranche A-2 Bond	$	—	$	—
	iii.	Tranche A-3 Bond	$	1,820,303.09	$	14.73
	iv.	Total Semiannual Interest:	$	1,820,303.09

c) Semiannual Principal
			Aggregate		Per $1000 of Original
					Principal Amount
	i.	Tranche A-1 Bond	$	—	$	—
	ii.	Tranche A-2 Bond	$	—	$	—
	iii.	Tranche A-3 Bond	$	4,126,239.67	$	33.38
	iv.	Total Semiannual Principal:	$	4,126,239.67

d) Other Payments
	i.	Trustee Operating Expenses (in excess of [$100,000]):	$	—
	ii.	Unpaid Operating Expenses:	$	—
	iii.	Funding of Capital Subaccount (to required Capital Levels):	$	—
	iv.	Unpaid and Accrued Return on Capital:	$	—
	v.	Return on Capital Account:	$	29,027.50
	vi.	Reimbursement of Servicer of Certain Indemnity Amounts Paid to Trustee:	$	—
	vii.	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:	$	—
	ii.	Tranche A-2 Principal Balance Outstanding Bond:	$	—
	iii.	Tranche A-3 Principal Balance Outstanding Bond:	$	101,398,577.30
	iv.	Total Bond Principal Balance:	$	101,398,577.30



b) Collection Account Balances:
			Balance After Payment
	i.	Capital Subaccount	$	847,520.00
	ii.	Excess Funds Subaccount:	$	300,414.80
	iii.	Total Subaccount Balance:	$	1,147,934.80

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:	$	127,202.46
	iii.	Total Subaccount Draws:	$	127,202.46

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:	$	—
	ii.	Total Subaccount Shortfalls:	$	—













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IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Semiannual Servicer Certificate this 15th day of July, 2023.

OHIO EDISON COMPANY, as Servicer

By:

/s/ Steven R. Staub

Name: Steven R. Staub

Title: Vice President and Treasurer

EX-99.4 5 exhibit994-tefunding071523.htm EX-99.4 Document


							Exhibit 99.4
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.	January Partial Amount Remitted:	$	111,120.27
	ii.	February Amount Remitted:	$	257,848.01
	iii.	March Amount Remitted:	$	260,284.51
	iv.	April Amount Remitted:	$	233,485.88
	v.	May Amount Remitted:	$	251,013.87
	vi.	June Amount Remitted:	$	263,132.99
	vii.	July Partial Amount Remitted:	$	102,972.25
	viii.	Total Amount Remitted for this Period January 14, 2023 through July 13, 2023 (sum of i. through vii. above):	$	1,479,857.78
	ix.	Net Earnings on Collection Account:	$	44,958.98
	x.	Expenses Paid to Date:	$	—
	xi.	General Subaccount Balance (sum of viii. and ix. above minus x.):	$	1,524,816.76
	xii.	Excess Funds Subaccount Balance Before Current Payment is Made:	$	389,317.99
	xiii.	Capital Subaccount Balance Before Current Payment is Made:	$	759,010.00
	xiv.	Collection Account Balance (sum of xi. Through xiii. Above):	$	2,673,144.75

2. Outstanding Principal Balance as of Prior Payment Date by Tranche:
	i.	Tranche A-1 Principal Balance Outstanding Bond:	$	—
	ii.	Tranche A-2 Principal Balance Outstanding Bond:	$	—
	ii.	Tranche A-3 Principal Balance Outstanding Bond:	$	29,966,041.92
	iv.	Total Bond Principal Balance:	$	29,966,041.92

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	$	—	$	—
	ii.	Tranche A-2 Bond	$	—	$	—
	iii	Tranche A-3 Bond	$	28,814,852.40	$	1,151,189.52
	iv.	Total Projected Principal Amount:	$	28,814,852.40	$	1,151,189.52

b) Required Interest Payments
			Bond		Days in		Interest
			Interest Rate		Applicable Period		Due
	i.	Tranche A-1 Bond	0.67900%		180		$	—
	ii.	Tranche A-2 Bond	1.72600%		180		$	—
	iii.	Tranche A-3 Bond	3.45000%		180		$	516,914.22
	iv.	Total Required Interest Amount:					$	516,914.22


c) Projected Subaccount Payments and Levels
Subaccount:			Required Capital Level		Funding Required
	i.	Capital Subaccount:	$	759,010.00	$	—
	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):	$	30,192.29
	v.	CAT Tax:	$	3,981.11
	vi.	Total Expenses:	$	60,733.40

b) Semiannual Interest
					Per $1000 of Original
			Aggregate		Principal Amount
	i.	Tranche A-1 Bond	$	—	$	—
	ii.	Tranche A-2 Bond	$	—	$	—
	iii.	Tranche A-3 Bond	$	516,914.22	$	14.47
	iv.	Total Semiannual Interest:	$	516,914.22

c) Semiannual Principal
					Per $1000 of Original
			Aggregate		Principal Amount
	i.	Tranche A-1 Bond	$	—	$	—
	ii.	Tranche A-2 Bond	$	—	$	—
	iii.	Tranche A-3 Bond	$	1,151,189.52	$	32.24
	iv.	Total Semiannual Principal:	$	1,151,189.52

d) Other Payments
	i.	Total Operating Expenses (in excess of [$100,000]):	$	—
	ii.	Unpaid Operating Expenses:	$	—
		Funding of Capital Subaccount (to required Capital Levels):	$	—
		Unpaid and Accrued Return on Capital:	$	—
		Return on Capital:	$	25,996.00
	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:	$	—
	ii.	Tranche A-2 Principal Balance Outstanding Bond:	$	—
	iii.	Tranche A-3 Principal Balance Outstanding Bond:	$	28,814,852.40
	iv.	Total Bond Principal Balance:	$	28,814,852.40

b) Collection Account Balances Outstanding:
			Balance After Payment Date
	i.	Capital Subaccount	$	759,010.00
	ii.	Excess Funds Subaccount:	$	159,301.61
	iii.	Total Subaccount Balance:	$	918,311.61


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:	$	230,016.38
	iii.	Total Subaccount Draws:	$	230,016.38

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:	$	—
	ii.	Total Subaccount Shortfalls:	$	—













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IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Semiannual Servicer Certificate this 15th day of July, 2023.

THE TOLEDO EDISON COMPANY, as Servicer

By:

/s/ Steven R. Staub

Name: Steven R. Staub

Title: Vice President and Treasurer