Monthly Servicer's Certificate for Securitization Bonds, Series 2001-1 (Consumers Energy Company and Consumers Funding LLC)

Contract Categories: Business Operations › Administration 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 June 2004 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 remittances. The certificate is a required monthly report under the servicing agreement, confirming the Servicer’s compliance and performance for the specified billing period.

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EX-10.(C) 4 k86598exv10wxcy.txt MONTHLY SERVICER'S CERTIFICATE DATED JULY 13, 2004 EXHIBIT 10(c) MONTHLY SERVICER'S CERTIFICATE CONSUMERS FUNDING LLC $468,592,000 SECURITIZATION BONDS, SERIES 2001-1 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: June 2004
CURRENT BILLING MONTH 6/3/2004 - 7/1/2004 COLLECTION CURVE 100% STANDARD BILLING FOR PRIOR BILLING MONTH Residential Total Billed $98,956,683 Residential SECURITIZATION CHARGE (SC) Billed $ 1,129,170 1.141% Commercial Total Billed $72,358,304 Commercial SECURITIZATION CHARGE (SC) Billed $ 1,204,256 1.664% Industrial Total Billed $46,092,161 Industrial SECURITIZATION CHARGE (SC) Billed $ 1,362,129 2.955% YTD NET WRITE-OFFS AS A % OF BILLED REVENUE Non-Residential Customer Net Write-offs 0.140% Residential Customer Net Write-offs 0.330% Total Net Write-offs 0.220% AGGREGATE SC COLLECTIONS TOTAL SC REMITTED FOR BILLING MONTH Residential Class SC Collected $ 1,182,287 Commercial Class SC Collected $ 1,257,282 Industrial Class SC Collected $ 1,436,169 Total SC Collected $ 3,875,738 Aggregate SC Remittances for April 2004 BILLING MONTH $ 4,013,407 Aggregate SC Remittances for May 2004 BILLING MONTH $ 3,792,600 Aggregate SC Remittances for June 2004 BILLING MONTH $ 3,875,738 TOTAL CURRENT SC REMITTANCES $11,681,745
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CURRENT BILLING MONTH 6/3/2004 - 7/1/2004 COLLECTION CURVE 100% CALCULATED SC COLLECTED AMOUNT RESIDENTIAL A-1 Residential SC Collected $1,127,139 A-3 Residential T.O.D. SC Collected $ 3,978 A-4 Alternate Residence SC Collected $ 25,800 A-5 Residential Farm/Life Support SC Collected $ 25,370 TOTAL RESIDENTIAL SC COLLECTED $1,182,287 COMMERCIAL B-1 General Primary (041) SC Collected $ 24,471 B-General Secondary (010) SC Collected $ 220,182 C- General Secondary (011) SC Collected $ 431,656 D-General Primary (018) SC Collected $ 286,376 F-Primary High Load Factor (032) SC Collected $ 50,302 GH-General Service Heating (013) SC Collected $ 3,266 H- Water Heating Service (014) SC Collected $ 529 L-1 General Energy-Only Street Lighting SC Collected $ 1,782 L-2 General Service (Cust Owned) St Light SC Collected $ 1,801 L-3 General Service (Co Owned) St Light SC Collected $ 9,344 L-4 General Service Outdoor Lighting Commercial SC Collected $ 1,253 PS-1 General Secondary Public Pumping SC Collected $ 6,956 PS-2 General Primary Public Pumping SC Collected $ 9,099 PS-3 General Optional Primary Public Pumping SC Collected $ 48,238 R-1 General Secondary Resale SC Collected $ 52 R-2 General Secondary Resale SC Collected $ 1,128 R-3 General Primary Resale SC Collected $ 26,763 ROA-P Retail Open Access Primary (110) SC Collected $ 90,511 ROA-S Retail Open Access Secondary Com SC Collected $ 27,600 SC - Special Contract Commercial SC Collected $ 2,037 SPEC Grand Rapids Special Contract SC Collected $ 2,335 UR-General Unmetered SC Collected $ 11,601 TOTAL COMMERCIAL SC COLLECTED $1,257,282 INDUSTRIAL B-1 General Primary (042) SC Collected $ 17,655 B-General Secondary (020) SC Collected $ 32,178 C- General Secondary (021) SC Collected $ 73,118 CG-Cogeneration/Small Power Production Purchase SC Collected $ 4,578 D-General Primary (028) SC Collected $ 486,077 F-Primary High Load Factor (033) SC Collected $ 79,487 GH-General Service Heating (023) SC Collected $ 32 GMD General Motors SC Collected $ 54,708 GMF General Motors SC Collected $ 113,365 GMF-1 General Motors SC Collected $ 12,749 GMJ-1 General Motors SC Collected $ 7,520
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CURRENT BILLING MONTH 6/3/2004 - 7/1/2004 COLLECTION CURVE 100% H- Water Heating Service (024) SC Collected $ 0 I-General Primary Interruptible (034) SC Collected $ 958 J-1General Alternative Electric Metal Melting SC Collected $ 28,835 J-General Primary Electric Furnace (037) SC Collected $ 7,009 L-4 General Service Outdoor Lighting Industrial SC Collected $ 71 R-3 General Primary Resale (027) SC Collected $ 77 ROA-P Retail Open Access Primary (111) SC Collected $ 331,825 ROA-S Retail Open Access Secondary Ind SC Collected $ 6,860 SC - Special Contract Industrial SC Collected $ 179,067 TOTAL INDUSTRIAL SC COLLECTED $1,436,169 TOTAL SC COLLECTED $3,875,738
Executed as of this 13th day of July 2004. CONSUMERS ENERGY COMPANY AS SERVICER /s/ Glenn P. Barba ------------------------------------------ Glenn P. Barba, Vice President, Controller and Chief Accounting Officer CC: Consumers Funding LLC One Energy Plaza Jackson, Mi 49201 Page 3 of 3