Fitch Ratings Affirms U.S. Utility Tariff Bond Transactions.

NEW YORK -- Fitch Ratings completed its U.S. utility tariff bond portfolio review for 35 outstanding transactions. All of the bonds in the portfolio are performing as originally expected. A significant contributor to the strong performance of this asset class is the true-up mechanism which allows for the annual, or in some cases more frequent, adjustment of the underlying collateral, a dedicated utility tariff, to preserve the expected amortization of the bonds.

For more information on utility tariff bonds, see 'Rating Criteria for U.S. Utility Tariff Monetization Bonds', dated Sept. 11, 2006, which is available on the Fitch Ratings web site at www.fitchratings.com.

Fitch affirms the ratings of the following classes:

AEP Texas Central Transition Funding, LLC 

Series 2002-1

--Class A-2 'AAA';

--Class A-3 'AAA';

--Class A-4 'AAA';

--Class A-5 'AAA'.

AEP Texas Central Transition Funding II, LLC

Series A

--Class A-1 'AAA';

--Class A-2 'AAA';

--Class A-3 'AAA';

--Class A-4 'AAA';

--Class A-5 'AAA'.

Atlantic City Electric Transition Funding, LLC

Series 2002-1

--Class A-1 'AAA';

--Class A-2 'AAA';

--Class A-3 'AAA';

--Class A-4 'AAA'.

Series 2003-1

--Class A-1 'AAA';

--Class A-2 'AAA';

--Class A-3 'AAA'.

California Infrastructure & Economic Development Bank Special Purpose Trust, PG&E-1

Series 1997-1

--Class A-8 'AAA'.

California Infrastructure & Economic Development Bank Special Purpose Trust, SCE-1

Series 1997-1

--Class A-7 'AAA'.

California Infrastructure & Economic Development Bank Special Purpose Trust, SDG&E-1

Series 1997-1

--Class A-7 'AAA'.

CenterPoint Energy Transition Bond Company, LLC

Series 2001-1

--Class A-2 'AAA';

--Class A-3 'AAA';

--Class A-4 'AAA'.

CenterPoint Energy Transition Bond Company II, LLC

Series A

--Class A-1 'AAA';

--Class A-2 'AAA';

--Class A-3 'AAA';

--Class A-4 'AAA';

--Class A-5 'AAA'.

ComEd Transitional Funding Trust

Series 1998

--Class A-7 'AAA'.

Connecticut RRB Special Purpose Trust, CL&P-1

Series 2001

--Class A-4 'AAA';

--Class A-5 'AAA'.

Consumers Funding, LLC

Series 2001-1

--Class A-4 'AAA';

--Class A-5 'AAA';

--Class A-6 'AAA'.

Detroit Edison Securitization Funding, LLC, The

Series 2001-1

--Class A-3 'AAA';

--Class A-4 'AAA';

--Class A-5 'AAA';

--Class A-6 'AAA'.

Illinois Power Special Purpose Trust

Series 1998-1

--Class A-7 'AAA'.

JCP&L Transition Funding, LLC

Series 2002-A

--Class A-1 'AAA';

--Class A-2 'AAA';

--Class A-3 'AAA';

--Class A-4 'AAA'.

JCP&L Transition Funding II, LLC

Series 2006-A

--Class A-1 'AAA';

--Class A-2 'AAA';

--Class A-3 'AAA';

--Class A-4 'AAA'.

Massachusetts RRB Special Purpose Trust BEC-1

Series 1999

--Class A-4 'AAA';

--Class A-5 'AAA'.

Massachusetts RRB Special Purpose Trust WMECO-1

Series 2001

--Class A-1 'AAA'.

MPC Natural Gas Funding Trust

Series 1998

--Class A-1 'AAA'.

Oncor Electric Delivery Transition Bond Company, LLC

Series 2003-1

--Class A-2 'AAA';

--Class A-3 'AAA';

--Class A-4 'AAA'.

Series 2004-1

--Class A-1 'AAA';

--Class A-2 'AAA';

--Class A-3 'AAA'.

PECO Energy Transition Trust

Series 1999-A

--Class A-5 'AAA';

--Class A-7 'AAA'.

Series 2000-A

--Class A-3 'AAA';

--Class A-4 'AAA'.

Series 2001-A

--Class A-1 'AAA'.

PG&E Energy Recovery Funding, LLC

Series 2005-1

--Class A-2 'AAA';

--Class A-3 'AAA';

--Class A-4 'AAA';

--Class A-5 'AAA'.

Series 2005-2

--Class A-1 'AAA';

--Class A-2 'AAA';

--Class A-3 'AAA'.

PP&L Transition Bond Company, LLC

Series 1999-1

--Class A-8 'AAA'.

PSE&G Transition Funding, LLC

Series 2001-1

--Class A-4 'AAA';

--Class A-5 'AAA';

--Class A-6 'AAA';

--Class A-7 'AAA';

--Class A-8 'AAA'.

PSE&G Transition Funding II, LLC

Series 2005-1

--Class A-1 'AAA';

--Class A-2 'AAA';

--Class A-3 'AAA';

--Class A-4 'AAA'.

PSNH Funding, LLC

Series 2001-1

--Class A-2 'AAA';

--Class A-3 'AAA'.

PSNH Funding, LLC 2

Series 2002-1

--Class A-1 'AAA'.

Rockland Electric Company Transition Funding, LLC

Series 2004-1

--Class A-1 'AAA'.

State of Connecticut Special Obligation Rate Reduction Bonds

2004 Series A

--December 2007 'AAA';

--June 2008-1 'AAA';

--June 2008-2 'AAA';

--December 2008 'AAA';

--June 2009-1 'AAA';

--June 2009-2 'AAA';

--December 2009 'AAA';

--June 2010-1 'AAA';

--June 2010-2 'AAA';

--December 2010 'AAA';

--June 2011-1 'AAA';

--June 2011-2 'AAA'.

West Penn Funding, LLC

Series 1999-A

--Class A-4 'AAA'.

WPP Funding, LLC

Series 2005-A

--Class A-1 'AAA'.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.