Monthly Servicer's Certificate for Securitization Bonds, Series 2001-1 between Consumers Energy Company and Consumers Funding LLC (November 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 October 2003 under a prior Servicing Agreement. It details amounts billed and collected from residential, commercial, and industrial customers, as well as net write-offs and remittances for the month. The document certifies the accuracy of these figures as required by the Servicing Agreement for the $468,592,000 Securitization Bonds, Series 2001-1.

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EX-10.(A) 3 k83652exv10wxay.txt MONTHLY SERVICER'S CERTIFICATE DATED NOV. 18, 2003 EXHIBIT 10(a) 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: October 2003
CURRENT BILLING MONTH 10/2/2003 - 10/30/2003 COLLECTION CURVE 100% - -------------------------------------------- --------------------- STANDARD BILLING FOR PRIOR BILLING MONTH Residential Total Billed $111,976,548 Residential SECURITIZATION CHARGE (SC) Billed $ 1,502,850 1.342% Commercial Total Billed $ 84,383,833 Commercial SECURITIZATION CHARGE (SC) Billed $ 1,516,697 1.797% Industrial Total Billed $ 49,382,058 Industrial SECURITIZATION CHARGE (SC) Billed $ 1,427,535 2.891% YTD NET WRITE-OFFS AS A % OF BILLED REVENUE Non-Residential Customer Net Write-offs 0.150% Residential Customer Net Write-offs 0.420% Total Net Write-offs 0.260% AGGREGATE SC COLLECTIONS TOTAL SC REMITTED FOR BILLING MONTH Residential Class SC Collected $ 1,472,327 Commercial Class SC Collected $ 1,552,205 Industrial Class SC Collected $ 1,514,116 Total SC Collected $ 4,538,648 Aggregate SC Remittances for October 2003 BILLING MONTH $ 4,538,648 Aggregate SC Remittances for November 2003 BILLING MONTH $ 0 Aggregate SC Remittances for December 2003 BILLING MONTH $ 0 TOTAL CURRENT SC REMITTANCES $ 4,538,648
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CURRENT BILLING MONTH 10/2/2003 - 10/30/2003 COLLECTION CURVE 100% -------------------------------------------- --------------------- CALCULATED SC COLLECTED AMOUNT RESIDENTIAL A-1 Residential SC Collected $1,403,354 A-3 Residential T.O.D. SC Collected $ 4,161 A-4 Alternate Residence SC Collected $ 35,354 A-5 Residential Farm/Life Support SC Collected $ 29,458 TOTAL RESIDENTIAL SC COLLECTED $1,472,327 COMMERCIAL B-1 General Primary (041) SC Collected $ 27,742 B-General Secondary (010) SC Collected $ 273,205 C-General Secondary (011) SC Collected $ 549,168 D-General Primary (018) SC Collected $ 361,407 F-Primary High Load Factor (032) SC Collected $ 48,241 GH-General Service Heating (013) SC Collected $ 3,673 H-Water Heating Service (014) SC Collected $ 695 L-1 General Energy-Only Street Lighting SC Collected $ 2,184 L-2 General Service (Cust Owned) St Light SC Collected $ 2,327 L-3 General Service (Co Owned) St Light SC Collected $ 11,982 L-4 General Service Outdoor Lighting Commercial SC Collected $ 1,617 PS-1 General Secondary Public Pumping SC Collected $ 6,734 PS-2 General Primary Public Pumping SC Collected $ 10,043 PS-3 General Optional Primary Public Pumping SC Collected $ 45,926 R-1 General Secondary Resale SC Collected $ 48 R-2 General Secondary Resale SC Collected $ 1,151 R-3 General Primary Resale SC Collected $ 29,403 ROA-P Retail Open Access Primary (110) SC Collected $ 147,213 ROA-S Retail Open Access Secondary Com SC Collected $ 13,581 SC - Special Contract Commercial SC Collected $ 2,178 SPEC Grand Rapids Special Contract SC Collected $ 2,731 UR-General Unmetered SC Collected $ 10,956 TOTAL COMMERCIAL SC COLLECTED $1,552,205 INDUSTRIAL B-1 General Primary (042) SC Collected $ 24,344 B-General Secondary (020) SC Collected $ 37,113 C-General Secondary (021) SC Collected $ 76,881 CG-Cogeneration/Small Power Production Purchase SC Collected $ 2,264 D-General Primary (028) SC Collected $ 602,261 F-Primary High Load Factor (033) SC Collected $ 80,531 GH-General Service Heating (023) SC Collected $ 29 GMD General Motors SC Collected $ 82,125 GMF General Motors SC Collected $ 127,724 GMF-1 General Motors SC Collected $ 12,883 GMJ-1 General Motors SC Collected $ 8,368
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CURRENT BILLING MONTH 10/2/2003 - 10/30/2003 COLLECTION CURVE 100% -------------------------------------------- --------------------- H-Water Heating Service (024) SC Collected $ 0 I-General Primary Interruptible (034) SC Collected $ 0 J-1 General Alternative Electric Metal Melting SC Collected $ 48,961 J-General Primary Electric Furnace (037) SC Collected $ 6,274 L-4 General Service Outdoor Lighting Industrial SC Collected $ 94 ROA-P Retail Open Access Primary (111) SC Collected $ 271,559 ROA-S Retail Open Access Secondary Ind SC Collected $ 3,171 SC - Special Contract Industrial SC Collected $ 129,534 TOTAL INDUSTRIAL SC COLLECTED $1,514,116 TOTAL SC COLLECTED $4,538,648
Executed as of this 18th day of November 2003. 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