Exhibit 99.1

Exhibit B of Servicing Agreement

Semi-Annual Servicer’s Certificate

AEP Texas Inc., as Servicer

AEP Texas Central Transition Funding III LLC

Pursuant to Section 4.01(c)(ii) of the Transition Property Servicing Agreement dated as of March 14, 2012

(the "Agreement") between AEP Texas Inc., as Servicer and AEP Texas Central Transition Funding III LLC

as Note Issuer, the Servicer does hereby certify as follows:

Capitalized terms used herein have their respective meanings as set forth in the Agreement.

References herein to certain sections and subsections are references to the respective sections of the Agreement.

Collection Periods:

December 2022

May 2023

Payment Date:

6/1/23

1. Collections Allocable and Aggregate Amounts Available for the Current Payment Date:

Remittances for the 12/22 collection period (1)

4,957,082.77

ii.

Remittances for the 01/23 collection period

5,497,429.12

iii.

Remittances for the 02/23 collection period

5,419,189.46

iv.

Remittances for the 03/23 collection period

5,979,715.14

Remittances for the 04/23 collection period

4,961,893.02

vi.

Remittances for the 05/23 collection period (2)

5,434,426.33

vii.

Investment Earnings on Collection Account

viii.

Investment Earnings on Capital Subaccount

86,027.22

ix.

Investment Earnings on Excess Funds Subaccount

127,300.91

Investment Earnings on General Subaccount

373,818.12

xi.

General Subaccount Balance (sum of i through x above)

32,836,882.09

xii.

Excess Funds Subaccount Balance as of Prior Payment Date

6,307,978.95

xiii.

Capital Subaccount Balance as of Prior Payment Date

4,000,000.00

xiv.

Collection Account Balance (sum of xi through xiii above)

43,144,861.04

(1)

Includes amounts calculated for the Reconciliation Period for the prior Collection Period, which was settled in December 2022

(2)

Does not include the reconciliation amounts calculated for the Reconciliation Period for such Collection Period, which will be settled in the month following such Collection Period

Page 1 of 5

Exhibit B of Servicing Agreement

2. Outstanding Amounts as of Prior Payment Date:

Tranche

Tranche A-1 Outstanding Amount

0.00

ii.

Tranche A-2 Outstanding Amount

0.00

iii.

Tranche A-3 Outstanding Amount

141,991,676.00

iv.

Aggregate Outstanding Amount of all Tranches of Notes

141,991,676.00

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

Principal

Due

Tranche

Tranche A-1

0.00

ii.

Tranche A-2

0.00

iii.

Tranche A-3

31,559,943.00

iv.

For all Tranches of Notes

31,559,943.00

Interest Tranche

Interest Rate

Days in interest Period(1)

Principal Balance

Interest Due

Tranche A-1

0.8801%

180

0.00

vi.

Tranche A-2

1.9764%

180

0.00

vii.

Tranche A-3

2.8449%

180

141,991,676.00

2,019,760.60

viii.

For all Tranches of Notes

2,019,760.60

Required Level

Funding Required

ix.

Capital Subaccount

4,000,000.00

0.00

4,000,000.00

0.00

Notes:

(1) On 30/360 day basis for initial payment date; otherwise use one-half of annual rate.

Page 2 of 5


			Exhibit B of Servicing Agreement
4. Allocation of Remittances as of Current Payment Date Pursuant to 8.02(e) of Indenture:


i.		Trustee Fees and Expenses			63,049.31

ii.		Servicing Fee			200,000.00

iii.		Administration Fee			50,000.00

iv.		Operating Expenses			0.00

v.		Semi-Annual Interest (including any past-due for prior periods)			2,019,760.60




					Per $1000 of Original
	Interest Tranche	Aggregate			Principal Amount
1.	Tranche A-1 Interest Payment	0.00			$	0.00
2.	Tranche A-2 Interest Payment	0.00			$	0.00
3.	Tranche A-3 Interest Payment	2,019,760.60			$	6.48
		2,019,760.60


vi.		Principal Due and Payable as a Result of Event of Default or on Final Maturity Date		0.00


					Per $1000 of Original
	Interest Tranche	Aggregate			Principal Amount
1.	Tranche A-1 Principal Payment	0.00			$	0.00
2.	Tranche A-2 Principal Payment	0.00			$	0.00
3.	Tranche A-3 Principal Payment	0.00			$	0.00
		0.00


vii.		Semi-Annual Principal		31,559,943.00



					Per $1000 of Original
	Interest Tranche	Aggregate			Principal Amount
1.	Tranche A-1 Principal Payment	0.00			$	0.00
2.	Tranche A-2 Principal Payment	0.00			$	0.00
3.	Tranche A-3 Principal Payment	31,559,943.00			$	101.19
		31,559,943.00





				Page 3 of 5

Exhibit B of Servicing Agreement

4. Allocation of Remittances as of Current Payment Date Pursuant to 8.02(e) of Indenture (continued):

viii.

Funding of Capital Subaccount (to required level)

4,000,000.00

ix.

Investment Earnings on Capital Subaccount Released to Note Issuer

86,027.22

Deposit to Excess Funds Subaccount

5,166,080.91

xi.

Released to Note Issuer upon Retirement of all Notes

0.00

xii.

Aggregate Remittances as of Current Payment Date

43,144,861.04

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

Tranche

Tranche A-1 Outstanding Amount

0.00

ii.

Tranche A-2 Outstanding Amount

0.00

iii.

Tranche A-3 Outstanding Amount

110,431,733.00

iv.

Aggregate Outstanding Amount of all Tranches of Notes

110,431,733.00

Excess Funds Subaccount Balance

5,166,080.91

vi.

Capital Subaccount Balance

4,000,000.00

vii.

Aggregate Collection Account Balance

9,166,080.91

6. Subaccount Withdrawals as of Current Payment Date (if applicable, pursuant to Section 8.02(e) of Indenture):

Excess Funds Subaccount

6,435,279.86

ii.

Capital Subaccount

4,086,027.22

iii.

Total Withdrawals

10,521,307.08

Page 4 of 5


				Exhibit B of Servicing Agreement
7. Shortfalls In Interest and Principal Payments as of Current Payment Date:			0.00



i. Semi-annual Interest



Tranche

1.		Tranche A-1 Interest Payment		0.00
2.		Tranche A-2 Interest Payment		0.00
3.		Tranche A-3 Interest Payment		0.00
				0.00





ii. Semi-annual Principal



Tranche

1.		Tranche A-1 Principal Payment		0.00
2.		Tranche A-2 Principal Payment		0.00
3.		Tranche A-3 Principal Payment		0.00
				0.00








8. Shortfalls in Required Subaccount Levels as of Current Payment Date:


i.	Capital Subaccount				0.00






IN WITNESS HEREOF, the undersigned has duly executed and delivered this Semi-Annual


Servicer’s Certificate this 30th day of May, 2023.




/s/ Renee V Hawkins


AEP TEXAS Inc., as Servicer
By:	Renee V Hawkins
Title:	Assistant Treasurer
					Page 5 of 5

AEP Texas Central Transition Funding III LLC 10-D/A