Monthly Servicer's Certificate for Securitization Bonds, Series 2000-1 between Consumers Energy Company and Consumers Funding LLC (February 2003)

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 billing and collection of securitization charges for January 2003 under their Servicing Agreement. It details amounts billed and collected from residential, commercial, and industrial customers, as well as net write-offs and remittances for the $468,592,000 Securitization Bonds, Series 2000-1. The document certifies compliance with the agreement's requirements for the specified billing month.

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EX-10.(A) 3 k76735exv10wxay.txt MONTHLY SERVICERS CERTIFICATE DATED 02/20/03 EXHIBIT 10(a) 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 2003
CURRENT BILLING MONTH 1/7/2003 - 2/3/2003 COLLECTION CURVE 100% STANDARD BILLING FOR PRIOR BILLING MONTH Residential Total Billed $142,467,007 Residential SECURITIZATION CHARGE (SC) Billed $1,503,723 1.055% Commercial Total Billed $77,924,795 Commercial SECURITIZATION CHARGE (SC) Billed $1,290,249 1.656% Industrial Total Billed $50,673,518 Industrial SECURITIZATION CHARGE (SC) Billed $1,400,231 2.763% YTD NET WRITE-OFFS AS A % OF BILLED REVENUE Non-Residential Customer Net Write-offs 0.170% Residential Customer Net Write-offs 0.610% Total Net Write-offs 0.360% AGGREGATE SC COLLECTIONS TOTAL SC REMITTED FOR BILLING MONTH Residential Class SC Collected $1,371,801 Commercial Class SC Collected $1,231,679 Industrial Class SC Collected $1,371,617 Total SC Collected $3,975,097 Aggregate SC Remittances for January 2003 BILLING MONTH $3,975,097 Aggregate SC Remittances for February 2003 BILLING MONTH $0 Aggregate SC Remittances for March 2003 BILLING MONTH $0 TOTAL CURRENT SC REMITTANCES $3,975,097
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CURRENT BILLING MONTH 1/7/2003 - 2/3/2003 COLLECTION CURVE 100% CALCULATED SC COLLECTED AMOUNT RESIDENTIAL A-1 Residential SC Collected $1,304,608 A-3 Residential T.O.D. SC Collected $6,047 A-4 Alternate Residence SC Collected $31,611 A-5 Residential Farm/Life Support SC Collected $29,535 TOTAL RESIDENTIAL SC COLLECTED $1,371,801 COMMERCIAL B-1 General Primary (041) SC Collected $17,237 B-General Secondary (010) SC Collected $229,899 C- General Secondary (011) SC Collected $437,962 D-General Primary (018) SC Collected $284,207 F-Primary High Load Factor (032) SC Collected $52,312 GH-General Service Heating (013) SC Collected $6,641 H- Water Heating Service (014) SC Collected $550 L-1 General Energy-Only Street Lighting SC Collected $3,097 L-2 General Service (Cust Owned) St Light SC Collected $3,504 L-3 General Service (Co Owned) St Light SC Collected $17,005 L-4 General Service Outdoor Lighting Commercial SC Collected $2,270 PS-1 General Secondary Public Pumping SC Collected $6,751 PS-2 General Primary Public Pumping SC Collected $5,076 PS-3 General Optional Primary Public Pumping SC Collected $32,130 R-1 General Secondary Resale SC Collected $29 R-2 General Secondary Resale SC Collected $934 R-3 General Primary Resale SC Collected $28,768 ROA-P Retail Open Access Primary (110) SC Collected $78,446 ROA-S Retail Open Access Secondary Com SC Collected $9,363 SC - Special Contract Commercial SC Collected $2,127 SPEC Grand Rapids Special Contract SC Collected $3,134 UR-General Unmetered SC Collected $10,237 TOTAL COMMERCIAL SC COLLECTED $1,231,679 INDUSTRIAL B-1 General Primary (042) SC Collected $12,835 B-General Secondary (020) SC Collected $33,908 C- General Secondary (021) SC Collected $63,660 CG-Cogeneration/Small Power Production Purchase SC Collected $5,703 D-General Primary (028) SC Collected $548,598 F-Primary High Load Factor (033) SC Collected $77,377 GH-General Service Heating (023) SC Collected $71 GMD General Motors SC Collected $63,119 GMF General Motors SC Collected $152,798 GMF-1 General Motors SC Collected $13,664 GMJ-1 General Motors SC Collected $7,702
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CURRENT BILLING MONTH 1/7/2003 - 2/3/2003 COLLECTION CURVE 100% H- Water Heating Service (024) SC Collected $1 I-General Primary Interruptible (034) SC Collected $2,149 J-1General Alternative Electric Metal Melting SC Collected $23,734 J-General Primary Electric Furnace (037) SC Collected $6,243 L-4 General Service Outdoor Lighting Industrial SC Collected $137 ROA-P Retail Open Access Primary (111) SC Collected $209,927 ROA-S Retail Open Access Secondary Ind SC Collected $1,374 SC - Special Contract Industrial SC Collected $148,617 TOTAL INDUSTRIAL SC COLLECTED $1,371,617 TOTAL SC COLLECTED $3,975,097
Executed as of this 20th day of February 2003. ------------ ------------ CONSUMERS ENERGY COMPANY AS SERVICER /s/ Glenn P. Barba ---------------------------- Glenn Barba, Vice President, Controller and Chief Accounting Officer CC: Consumers Funding LLC Suite M-1079 212 W. Michigan Ave Jackson, Mi 49201 Page 3 of 3