Fitch Issues Presale on AEP Texas Central Transition Funding II LLC, Series A

Business Wire, Sept 18, 2006

NEW YORK -- Fitch Ratings has issued a presale report today on AEP Texas Central Transition Funding II LLC, Senior Secured Transition Bonds, Series A discussing the rating analysis behind Fitch's expected ratings on the offered bonds. The collateral securing the bonds consists primarily of transition property, which represents the right to collect a tariff (transition charge) from AEP Texas Central Company's (TCC) retail electric customers.

The presale report is available to all investors on Fitch's corporate site, www.fitchratings.com. For more information about Fitch's comprehensive subscription service Fitch Research, which includes all presale reports, surveillance, and credit reports on more than 20 asset-backed securities (ABS) asset classes, including collateralized debt obligations (CDOs), contact product sales at 212-908-0800 or at webmaster@fitchratings.com.

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.