ONCOR ELECTRIC DELIVERY TRANSITION BOND CO LLC - FORM 10-Q - XML - IDEA: XBRL DOCUMENT - April 30, 2012
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Related-Party Transactions
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3 Months Ended |
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Mar. 31, 2012
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| Related-Party Transactions [Abstract] | |
| Related-Party Transactions | 2. RELATED–PARTY TRANSACTIONS Pursuant to administration and servicing agreements between us and Oncor, Oncor furnishes to us, at a fixed fee per year, billing, payment processing, collection, accounting, clerical, secretarial and other administrative services, which are reflected as administrative and general expenses in the income statement. Our expenses for servicing and administration activities performed by Oncor totaled $206,000 for each of the three months ended March 31, 2012 and 2011. Transition charges billed to the REP subsidiaries of TCEH, which are included in operating revenues, totaled $9,522,000 and $12,538,000 for the three months ended March 31, 2012 and 2011, respectively. The balance of the transition charge receivable due from the REP subsidiaries of TCEH totaled $6,069,000 and $6,636,000 at March 31, 2012 and December 31, 2011, respectively. Oncor, as servicer of the Transition Bonds, collects security deposits from REPs for payment of the REPs' transition charges and remits these amounts to the Indenture Trustee as they are collected. No amounts were outstanding from Oncor at March 31, 2012 or December 31, 2011. Oncor reviews the security amount for the REPs quarterly and requests increases when required. Also see discussion in Note 4 regarding cash distributions. |
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