Document

Semi-Annual Servicer’s Certificate

SWEPCO STORM RECOVERY FUNDING LLC

Southwestern Electric Power Company, as Servicer

Pursuant to Section 4.01(g)(i) of the Storm Recovery Property Servicing Agreement, dated as of December 18, 2024 (the

"Servicing Agreement"), between, SOUTHWESTERN ELECTRIC POWER COMPANY, as Servicer and THE SWEPCO STORM RECOVERY FUNDING LLC,

as Issuer, the servicer does hereby certify, for the SEPTEMBER 01, 2026

Payment Date (the “Current Payment Date”), as follows:

Capitalized terms used herein have their respective meanings as set forth in the Indenture (as defined in the Servicing Agreement). References herein to

certain sections and subsections are references to the respective sections of the Servicing Agreement Of the Indenture,

as the context indicates.

Collection Periods:

March 2026

August 2026

Payment Date:

9/1/26

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

Remittances for the 03/26 collection period (1)

2,989,025.19

ii.

Remittances for the 04/26 collection period

2,514,686.81

iii.

Remittances for the 05/26 collection period

2,006,782.86

iv.

Remittances for the 06/26 collection period

2,303,084.73

Remittances for the 07/26 collection period

2,529,522.16

vi.

Remittances for the 08/26 collection period (2)

3,070,426.27

vii.

Investment Earnings on Collection Account

viii.

Investment Earnings on Capital Subaccount

22,933.77

ix.

Investment Earnings on Excess Funds Subaccount

21,152.21

Investment Earnings on General Subaccount

111,601.85

xi.

General Subaccount Balance (sum of i through x above)

15,569,215.85

xii.

Excess Funds Subaccount Balance as of Prior Payment Date

1,645,333.42

xiii.

Capital Subaccount Balance as of Prior Payment Date

1,683,500.00

xiv.

Collection Account Balance (sum of xi through xiii above)

18,898,049.27

Notes:

(1)

Includes amounts calculated for the Reconciliation Period for the prior Collection Period, which was settled in March 2026

(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.

Exhibit B

Page 1 of 4

2. Outstanding Amounts as of Prior Payment Date:

Tranche

Tranche A-1 Outstanding Amount

317,351,012.44

ii.

Aggregate Outstanding Amount of all Tranches of the Bonds

317,351,012.44

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

Principal

Tranche A-1

8,406,872.59

ii.

For all Tranches of the Bonds

8,406,872.59

Interest

Interest Rate

Days in interest Period(1)

Principal Balance

Interest Due

iii.

Tranche A-1

4.8800%

180

317,351,012.44

7,743,364.70

iv.

For all Tranches of the Bonds

7,743,364.70

Required Level

Funding Required

Capital Subaccount

1,683,500.00

0.00

1,683,500.00

0.00

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

Trustee Fees and Expenses, Indemnity Amounts(2)

0.00

ii.

Servicing Fee

168,350.00

iii.

Administration Fee

50,000.00

iv.

Operating Expenses

31,670.00

Semi-Annual Interest (including any past-due for prior periods)

7,743,364.70

Per $1000 of Original

Interest Tranche

Aggregate

Principal Amount

Tranche A-1 Interest Payment

7,743,364.70

23.00

7,743,364.70

vi.

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

0.00

Per $1000 of Original

Tranche A-1 Principal Payment

0.00

Notes:

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

(2) Subject to $200,000 cap per annum.

Exhibit B

Page 2 of 4

vii.

Semi-Annual Principal

8,406,872.59

Per $1000 of Original

Interest

Aggregate

Principal Amount

Tranche A-1 Principal Payment

8,406,872.59

24.97

8,406,872.59

viii.

Other unpaid Operating Expenses (including amounts owed to the Indenture Trustee but unpaid due to cap) and any remaining amounts owed pursuant to the Basic Documents

0.00

ix.

Replenishment of Capital Subaccount (to Required Capital Amount)

1,683,500.00

Return on Invested Capital released to SWEPCO

19,360.79

xi.

Deposit to Excess Funds Subaccount

794,931.19

xii.

Released to Issuer (and credited to Customers) upon Retirement of the Storm Recovery Bonds

0.00

xiii.

Aggregate Remittances as of the Current Payment Date

18,898,049.27

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

308,944,139.85

ii.

Aggregate Outstanding Amount of all Tranches

308,944,139.85

iii.

Excess Funds Subaccount Balance

794,931.19

iv.

Capital Subaccount Balance

1,683,500.00

Aggregate Collection Account Balance

2,478,431.19

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

Excess Funds Subaccount

1,666,485.63

ii.

Capital Subaccount

1,706,433.77

iii.

Total Withdrawals

3,372,919.40

7. Shortfalls In Interest and Principal Payments as of Current Payment Date:

0.00

i. Semi-annual Interest

Tranche A-1 Interest Payment

0.00

ii. Semi-annual Principal

Tranche A-1 Principal Payment

0.00

Exhibit B

Page 3 of 4

8. Shortfalls in Payment of Permitted Return as of Current Payment Date:

Permitted Return

0.00

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

Capital Subaccount

0.00

IN WITNESS HEREOF, the undersigned has duly executed and

delivered this Servicer’s Certificate this 28th day of August, 2026.

SOUTHWESTERN ELECTRIC POWER COMPANY

as Servicer

By:

/s/ Marc B. Hunter

Name:

Marc B. Hunter

Title:

Assistant Treasurer

Exhibit B

Page 4 of 4