Monthly Servicer's Certificate for Securitization Bonds, Series 2000-1 (Consumers Energy Company and Consumers Funding LLC)

Contract Categories: Business Operations › Services Agreements
Summary

This certificate, issued by Consumers Energy Company as Servicer to Consumers Funding LLC as Issuer, reports on the collection and remittance of securitization charges for January 2002 under a servicing agreement related to $468,592,000 in securitization bonds. It details amounts billed and collected from residential, commercial, and industrial customers, as well as net write-offs and remittance totals. The certificate is a required monthly report under the servicing agreement, ensuring transparency and compliance with bond servicing obligations.

Read More Arrow
EX-10.(B) 4 k69632ex10-b.txt MONTHLY SERVICER'S CERTIFICATE - FEBRUARY 13, 2002 EXHIBIT 10 (b) MONTHLY SERVICER'S CERTIFICATE CONSUMERS FUNDING LLC $468,592,000 SECURITIZATION BONDS, SERIES 2000-1 Pursuant to Section 3.05 of the Servicing Agreement dated as of November 8, 2001 (the "Consumers Servicing Agreement") between Consumers Energy Company, as Servicer and Consumers Funding LLC, as Issuer, the Servicer does hereby certify as follows: Capitalized terms used in the Monthly Servicer's Certificate (the "Monthly Certificate") have their respective meanings as set forth in the Servicing Agreement. References herein to certain sections and subsections are references to the respective sections of the Servicing Agreement. Current BILLING MONTH: January 2002
CURRENT BILLING MONTH 1/7/02 - 2/1/02 COLLECTION CURVE 85.17% STANDARD BILLING FOR PRIOR BILLING MONTH Residential Total Billed $116,962,960 Residential SECURITIZATION CHARGE (SC) Billed $1,460,310 1.249% Commercial Total Billed $78,294,982 Commercial SECURITIZATION CHARGE (SC) Billed $1,368,283 1.748% Industrial Total Billed $55,270,937 Industrial SECURITIZATION CHARGE (SC) Billed $1,420,619 2.570% YTD NET WRITE-OFFS AS A % OF BILLED REVENUE Non-Residential Customer Net Write-offs 0.230% Residential Customer Net Write-offs 0.670% Total Net Write-offs 0.420% AGGREGATE SC COLLECTIONS TOTAL SC REMITTED FOR BILLING MONTH Residential Class SC Collected $1,234,895 Commercial Class SC Collected $1,058,742 Industrial Class SC Collected $1,229,453 Total SC Collected $3,523,090 Aggregate SC Remittances for December BILLING MONTH $1,632,249 Aggregate SC Remittances for January BILLING MONTH $3,523,090 Aggregate SC Remittances for February BILLING MONTH $0 TOTAL CURRENT SC REMITTANCES $5,155,339
Page 1 of 3
CURRENT BILLING MONTH 1/7/02 - 2/1/02 COLLECTION CURVE 85.17% CALCULATED SC COLLECTED AMOUNT RESIDENTIAL A-1 Residential SC Collected $1,178,671 A-3 Residential T.O.D. SC Collected $4,399 A-4 Alternate Residence SC Collected $25,043 A-5 Residential Farm/Life Support SC Collected $26,782 TOTAL RESIDENTIAL SC COLLECTED $1,234,895 COMMERCIAL B-1 General Primary (041) SC Collected $15,103 B-General Secondary (010) SC Collected $211,447 C- General Secondary (011) SC Collected $394,444 D-General Primary (018) SC Collected $233,352 F-Primary High Load Factor (032) SC Collected $60,205 GH-General Service Heating (013) SC Collected $5,178 H- Water Heating Service (014) SC Collected $565 L-1 General Energy-Only Street Lighting SC Collected $2,901 L-2 General Service (Cust Owned) St Light SC Collected $2,905 L-3 General Service (Co Owned) St Light SC Collected $15,907 L-4 General Service Outdoor Lighting Commercial SC Collected $2,140 PS-1 General Secondary Public Pumping SC Collected $5,425 PS-2 General Primary Public Pumping SC Collected $4,339 PS-3 General Optional Primary Public Pumping SC Collected $30,320 R-1 General Secondary Resale SC Collected $38 R-2 General Secondary Resale SC Collected $829 R-3 General Primary Resale SC Collected $28,422 ROA-P Retail Open Access Primary (110) SC Collected $28,483 ROA-S Retail Open Access Secondary Com SC Collected $5,121 SPEC Grand Rapids Special Contract SC Collected $3,068 UR-General Unmetered SC Collected $8,550 TOTAL COMMERCIAL SC COLLECTED $1,058,742 INDUSTRIAL B-1 General Primary (042) SC Collected $13,582 B-General Secondary (020) SC Collected $28,936 C- General Secondary (021) SC Collected $56,510 CG-Cogeneration/Small Power Production Purchase SC Collected $1,808 DA - General Service Direct Access (896) SC Collected $5,653 D-General Primary (028) SC Collected $543,032 F-Primary High Load Factor (033) SC Collected $103,818 GH-General Service Heating (023) SC Collected $72 GMD General Motors SC Collected $63,987 GMF General Motors SC Collected $189,187 GMF-1 General Motors SC Collected $19,514 GMJ-1 General Motors SC Collected $7,196
Page 2 of 3
CURRENT BILLING MONTH 1/7/02 - 2/1/02 COLLECTION CURVE 85.17% H- Water Heating Service (024) SC Collected $2 I-General Primary Interruptible (034) SC Collected $0 J-1General Alternative Electric Metal Melting SC Collected $33,077 J-General Primary Electric Furnace (037) SC Collected $6,458 L-4 General Service Outdoor Lighting Industrial SC Collected $(1,478) ROA-P Retail Open Access Primary (111) SC Collected $59,793 ROA-S Retail Open Access Secondary Ind SC Collected $62 SC - Special Contract Industrial SC Collected $98,244 TOTAL INDUSTRIAL SC COLLECTED $1,229,453 TOTAL SC COLLECTED $3,523,090
Executed as of this 13th day of February 2002. CONSUMERS ENERGY COMPANY AS SERVICER /s/ Glenn P. Barba ---------------------------- Glenn Barba, Controller CC: Consumers Funding LLC Suite M-1079 212 W. Michigan Ave Jackson, Mi 49201