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 initial distribution period from
September 17, 2025 to June 15, 2026
Commission File Number of issuing entity: 333-288206
Central Index Key Number of issuing entity: 0002072436
CENTERPOINT ENERGY RESTORATION BOND COMPANY II, LLC
(Exact name of issuing entity as specified in its charter)
Commission File Number of depositor and sponsor: 1-3187
Central Index Key Number of depositor and sponsor: 0000048732
CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC
(Exact name of depositor and sponsor as specified in its charter)
Kaydra Kirtz: (612) 743-3068
(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)
39-2616236
(I.R.S. Employer Identification No.)
| 1111 Louisiana Street, Suite 4654B | |
| Houston, Texas | 77002 |
| (Address of principal executive offices of the issuing entity) | (Zip Code) |
(713) 207-7414
(Telephone number, including area code)
Registered/reporting pursuant to (check one)
| Title of Class | Section 12(b) | Section 12(g) | Section 15(d) | Name of exchange (If Section 12(b)) |
| Series 2025-A Senior Secured System Restoration Bonds, Tranche A-1 | x | |||
| Series 2025-A Senior Secured System Restoration Bonds, Tranche A-2 | x |
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 Exhibit 99.1.
The record date for distributions (i.e., the interest and scheduled principal payments) described in Exhibit 99.1 is June 12, 2026.
Introductory and explanatory information regarding the material terms, parties and distributions described in Exhibit 99.1 is included in the Prospectus dated September 9, 2025, of CenterPoint Energy Restoration Bond Company II, LLC (the “Issuing Entity”) relating to its Series 2025-A Senior Secured System Restoration Bonds (the “2025-A System Restoration Bonds”) filed with the Securities and Exchange Commission (“SEC”) pursuant to Rule 424(b)(1) of the Securities Act of 1933, as amended, on September 11, 2026.
As indicated in Exhibit 99.1, all required interest and scheduled principal payments on the 2025-A System Restoration Bonds have been made with respect to the June 15, 2026 distribution date.
Item 1A. Asset-Level Information.
Omitted pursuant to General Instruction C of Form 10-D.
Item 1B. Asset Representations Reviewer and Investor Communication.
Omitted pursuant to General Instruction C of Form 10-D.
PART II - OTHER INFORMATION
Item 2. Legal Proceedings.
None.
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.
Omitted pursuant to General Instruction C of Form 10-D.
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 Servicer’s Certificate relating to the 2025-A System Restoration Bonds dated June 8, 2026. |
| (b) | Exhibits required by this Form and Item 601 of Regulation S-K (exhibits marked with an asterisk are filed herewith; all exhibits not so designated are incorporated by reference to a prior filing): |
| *99.1 | Semi-annual Servicer’s Certificate relating to the 2025-A System Restoration Bonds dated June 8, 2026. |
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.
| CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC | ||
| (Depositor) | ||
| By: | /s/ Kaydra Kirtz | |
| Name: Kaydra Kirtz | ||
| Title: Assistant Treasurer | ||
| Date: June 15, 2026 | ||
Exhibit 99.1
SEMI-ANNUAL SERVICER’S
CERTIFICATE
CENTERPOINT ENERGY RESTORATION BOND COMPANY II, LLC
$401,521,000 Series 2025-A Senior Secured System Restoration Bonds
Pursuant to Section 4.01(f)(ii)(A) of the System Restoration Property Servicing Agreement, dated as of September 17, 2025, by and between
CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC, as Servicer, and CENTERPOINT ENERGY RESTORATION BOND COMPANY II, LLC, as Issuer
(the “Servicing Agreement”), the Servicer does hereby certify as follows, for the June 15, 2026 Payment Date (the “Current Payment Date”), as follows:
Capitalized terms used but not defined in this Semi-Annual Servicer’s Certificate 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
the Servicing Agreement or the Indenture, as the context indicates.
Collection Periods: September 17, 2025 to June 8, 2026
Payment Date: June 15, 2026
Cut-off Date: June 8, 2026
| 1 | (a) | Available amounts on deposit in Collection Account (including Excess Funds Subaccount) as of the Cut-Off Date: | 36,572,551.30 | |||
| (b) | Actual Remittances from the date in (a) above through the Servicer Business Day preceding the Current Payment Date: | - | ||||
| (c) | Total amounts available to the Trustee for payment of the Bonds and Ongoing Qualified Costs: | 36,572,551.30 |
| 2 | Allocation of available amounts as of the Current Payment Date allocable to payment of principal and interest on the Bonds on the Current Payment Date: |
| a) | Principal | ||||||
| i. | Tranche A-1 | 16,098,872.91 | |||||
| ii. | Tranche A-2 | - | |||||
| iii. | Total: | 16,098,872.91 | |||||
| b) | Interest | ||||||
| i. | Tranche A-1 | 7,631,186.96 | |||||
| ii. | Tranche A-2 | 5,770,145.77 | |||||
| iii. | Total: | 13,401,332.73 |
| 3 | Outstanding amount of the Bonds prior to, and after giving effect to the payment on the Current Payment Date and the difference, if any, between the Outstanding Amount specified in the Expected Amortization Schedule (after giving effect to payments to be made on such Payment Date under 1a above) and the expected principal balance to be Outstanding (following payment on the Current Payment Date): |
| a) | Expected principal balance Outstanding (as of the date of this certification): | ||||||
| i. | Tranche A-1 | 240,913,000.00 | |||||
| ii. | Tranche A-2 | 160,608,000.00 | |||||
| iii. | Total: | 401,521,000.00 | |||||
| b) | Expected principal balance to be Outstanding (following payment on the Current Payment Date): | ||||||
| i. | Tranche A-1 | 224,814,127.09 | |||||
| ii. | Tranche A-2 | 160,608,000.00 | |||||
| iii. | Total: | 385,422,127.09 | |||||
| c) | Difference between (b) above and Outstanding Amount specified in Expected Amortization Schedule: | ||||||
| i. | Tranche A-1 | - | |||||
| ii. | Tranche A-2 | - | |||||
| iii. | Total: | - |
| 4 | All other transfers to be made on the Current Payment Date, including amounts to be paid to the Trustee and to the Servicer pursuant to Section 8.02(e) of the Indenture: |
| a) | Certain Ongoing Qualified Costs | ||||||
| i. | Trustee Fees and Expenses (subject to $200,000 annual cap per Section 8.02(e)(i) of the Indenture): | 4,000.00 | |||||
| ii. | Servicing Fee1: | 224,182.56 | |||||
| iii. | Issuer’s Fees: | - | |||||
| iv. | Total: | 228,182.56 | |||||
| b) | Other Ongoing Qualified Costs and Payments | ||||||
| i. | Other Ongoing Qualified Costs (payable pursuant to Section 8.02(e)(v) of the Indenture): | - | |||||
| ii. | Funding of Capital Subaccount to the Required Capital Amount | - | |||||
| iii. | Any other unpaid Issuance Costs of the Issuer, any remaining fees, expenses and indemnity amounts owed to the Trustee and any remaining indemnity amounts owed to the Issuer shall be paid to the parties to which such amounts, if any, are owed, pursuant to Section 8.02(e)(viii) of the Indenture: | - | |||||
| iv. | Deposits to Excess Funds Subaccount: | 4,507,330.25 | |||||
| v. | Total: | 4,507,330.25 | |||||
| 1 | Servicing fee includes 9/17/2025 - 6/15/2026 based on 360-day year in which servicer performed duties: $401,521,000 x .075% x 268/360 = $224,182.56 |
| 5 | Estimated amounts on deposit in the Capital Subaccount and Excess Funds Subaccount after giving effect to the foregoing payments: |
| a) | Capital Subaccount | 2,007,605.00 | |||||
| i. | Total: | 2,007,605.00 | |||||
| b) | Excess Funds Subaccount | 4,507,330.25 | |||||
| i. | Total: | 4,507,330.25 |
| 1 | Collections Allocable and Aggregate Amounts Available for the Current Payment Date: |
| i. | Remittances for the September 17 through September 30, 2025 Collection Period | - | ||||
| ii. | Remittances for the October 1 through October 31, 2025 Collection Period | 425,595.26 | ||||
| iii. | Remittances for November 1 through November 30, 2025 Collection Period | 4,225,530.19 | ||||
| iv. | Remittances for the December 1 through December 31, 2025 Collection Period | 5,789,671.85 | ||||
| v. | Remittances for the January 1 through January 31, 2026 Collection Period | 4,098,482.78 | ||||
| vi. | Remittances for the February 1 through February 28, 2026 Collection Period | 4,326,910.55 | ||||
| vii. | Remittances for the March 1 through March 31, 2026 Collection Period | 4,843,048.56 | ||||
| viii. | Remittances for the April 1 through April 30, 2026 Collection Period | 4,715,510.60 | ||||
| ix. | Remittances for the May 1 through May 31, 2026 Collection Period | 4,636,123.87 | ||||
| x. | Remittances for the June 1 through June 8, 2026 Collection Period | 1,220,471.28 | ||||
| xi. | Investment Earnings on Capital Subaccount | 37,344.92 | ||||
| xii. | Investment Earnings on Excess Funds Subaccount | - | ||||
| xiii. | Investment Earnings on General Subaccount | 246,256.44 | ||||
| xiv. | General Subaccount Balance (sum of i through xiii above) | 34,564,946.30 | ||||
| xv. | Capital Subaccount Balance as of prior Payment Date | 2,007,605.00 |
| 2 | Outstanding Amounts as of prior Payment Date: |
| i. | Tranche A-1 Outstanding Amount | 240,913,000.00 | ||||
| ii. | Tranche A-2 Outstanding Amount | 160,608,000.00 |
| 3 | Required Funding/Payments as of Current Payment Date: |
| Principal | Principal Due | |||||||||||||||||
| i. | Bonds - Tranche A-1 | 16,098,872.91 | ||||||||||||||||
| ii. | Bonds - Tranche A-2 | - | ||||||||||||||||
| Days in Interest | ||||||||||||||||||
| Interest | Interest Rate | Period 2 | Principal Balance | Interest Due | ||||||||||||||
| i. | Tranche A-1 | 4.2550% | 268 | 240,913,000.00 | 7,631,186.96 | |||||||||||||
| ii. | Tranche A-2 | 4.8260% | 268 | 160,608,000.00 | 5,770,145.77 | |||||||||||||
| iii. | Total | 13,401,332.73 | ||||||||||||||||
| Funding | ||||||||||||||||||
| Required Level | Required | |||||||||||||||||
| Capital Subaccount | 2,007,605.00 | - | ||||||||||||||||
| 2 | On 30/360 day basis for initial payment date; otherwise use one-half of annual rate. |
| 4 | Allocation of Remittances as of Current Payment Date Pursuant to 8.02(e) of Indenture: |
| i. | Trustee Fees and Expenses; Indemnity Amounts | 4,000.00 | |||||||||
| ii. | Servicing Fee | 224,182.56 | |||||||||
| iii. | Administration Fee3 | 77,944.44 | |||||||||
| iv. | Operating Expenses | 213,938.49 | |||||||||
| Bonds | Aggregate | Per
1,000 of Original Principal Amount |
|||||||||
| v. | Semi-Annual Interest (including any past-due for prior periods) | ||||||||||
| 1. | Tranche A-1 Interest Payment | 7,631,186.96 | 31.68 | ||||||||
| 2. | Tranche A-2 Interest Payment | 5,770,145.77 | 35.93 | ||||||||
| vi. | Principal Due and Payable as a Result of an Event of Default or on Final Maturity Date | ||||||||||
| 1. | Tranche A-1 Interest Payment | - | - | ||||||||
| 2. | Tranche A-2 Interest Payment | - | - | ||||||||
| vii. | Semi-Annual Principal | ||||||||||
| 1. | Tranche A-1 Principal Payment | 16,098,872.91 | 66.82 | ||||||||
| 2. | Tranche A-2 Principal Payment | - | - | ||||||||
| viii. | Other Unpaid Operating Expenses | - | |||||||||
| ix. | Funding of Capital Subaccount (to required level) | - | |||||||||
| x. | Capital Subaccount Return to CEHE 4 | 37,344.92 | |||||||||
| xi. | Deposit to Excess Funds Subaccount | 4,507,330.25 | |||||||||
| xii. | Released to Issuer upon Retirement of all Bonds | - | |||||||||
| xiii. | Aggregate Remittances as of the Current Payment Date | 34,564,946.30 | |||||||||
| 3 | Administration fee includes 9/17/2025 - 6/15/2026 based on 360-day year in which servicer performed duties: $100,000 x 268/360 = $74,444.44 + $3,500 (reimbursement of Global Securization Invoice)= $77,944.44 |
| 4 | Capital subaccount return includes 9/17/2025 - 6/15/2026 based on 360-day year for CEHE invested capital: $37,344.92 |
| 5 | Outstanding Amount and Collection Account Balance as of the Current Payment Date (after giving effect to payments to be made on such Payment Date): |
| i. | Bonds – Tranche A-1 | 224,814,127.09 | ||||||||
| ii. | Bonds – Tranche A-2 | 160,608,000.00 | ||||||||
| iii. | Excess Funds Subaccount Balance | 4,507,330.25 | ||||||||
| iv. | Capital Subaccount Balance | 2,007,605.00 | ||||||||
| v. | Aggregate Collection Account Balance | 6,514,935.25 |
| 6 | Subaccount Withdrawals as of the Current Payment Date (if applicable, pursuant to Section 8.02(e) of Indenture): |
| i. | Excess Funds Subaccount | - | ||||||||
| ii. | Capital Subaccount | - | ||||||||
| iii. | Total Withdrawals | - |
| 7 | Shortfalls in Interest and Principal Payments as of Current Payment Date: |
| i. | Semi-annual Interest | |||||||||
| Bonds – Tranche A-1 Interest Payment | - | |||||||||
| Bonds – Tranche A-2 Interest Payment | - | |||||||||
| Total Bonds Interest Payments | - | |||||||||
| ii. | Semiannual Principal | |||||||||
| Bonds – Tranche A-1 Principal Payment | - | |||||||||
| Bonds – Tranche A-2 Principal Payment | - | |||||||||
| Total Bonds Principal Payments | - | |||||||||
| 8 | Shortfalls in Payment of Return on Invested Capital as of the Current Payment Date: | |||||||||
| i. | Return on Invested Capital | - | ||||||||
| 9 | Shortfalls in Required Subaccount Levels as of the Current Payment Date: | |||||||||
| i. | Capital Subaccount | - |
IN WITNESS HEREOF, the undersigned has duly executed and delivered this Semi-Annual Servicer's Certificate this 8th day of June, 2026.
CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC, as Servicer
| By: | /s/ Kaydra Kirtz | |
| Name: | Kaydra Kirtz | |
| Title: | Assistant Treasurer |