Monthly Servicer's Certificate for Securitization Bonds, Series 2001-1 between Consumers Energy Company and Consumers Funding LLC (November 2004)

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 October 2004 under their Servicing Agreement. It details amounts billed and collected from residential, commercial, and industrial customers, as well as net write-offs. The document certifies that $4,287,658 in securitization charges was collected and remitted for the month. The certificate is part of ongoing compliance and reporting obligations related to the $468,592,000 Securitization Bonds, Series 2001-1.

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EX-10.(A) 2 k91841exv10wxay.txt MONTHLY SERVICER'S CERTIFICATE DATED NOVEMBER 16, 2004 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 2004
CURRENT BILLING MONTH 10/1/2004 - 10/31/2004 COLLECTION CURVE 100% - --------------------------------------------- ----------------------------- STANDARD BILLING FOR PRIOR BILLING MONTH Residential Total Billed $108,697,356 Residential SECURITIZATION CHARGE (SC) Billed $ 1,407,793 1.295% Commercial Total Billed $ 80,914,862 Commercial SECURITIZATION CHARGE (SC) Billed $ 1,415,431 1.749% Industrial Total Billed $47,614,875 Industrial SECURITIZATION CHARGE (SC) Billed $ 1,442,181 3.029% YTD NET WRITE-OFFS AS A % OF BILLED REVENUE Non-Residential Customer Net Write-offs 0.130% Residential Customer Net Write-offs 0.420% Total Net Write-offs 0.250% AGGREGATE SC COLLECTIONS TOTAL SC REMITTED FOR BILLING MONTH Residential Class SC Collected $ 1,416,882 Commercial Class SC Collected $ 1,434,585 Industrial Class SC Collected $ 1,436,191 Total SC Collected $ 4,287,658 Aggregate SC Remittances for October 2004 BILLING MONTH $ 4,287,658 Aggregate SC Remittances for November 2004 BILLING MONTH $ 0 Aggregate SC Remittances for December 2004 BILLING MONTH $ 0 TOTAL CURRENT SC REMITTANCES $ 4,287,658
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CURRENT BILLING MONTH 10/1/2004 - 10/31/2004 COLLECTION CURVE 100% - -------------------------------------------- --------------------- CALCULATED SC COLLECTED AMOUNT RESIDENTIAL A-1 Residential SC Collected $1,348,475 A-3 Residential T.O.D. SC Collected $ 4,018 A-4 Alternate Residence SC Collected $ 35,550 A-5 Residential Farm/Life Support SC Collected $ 28,839 TOTAL RESIDENTIAL SC COLLECTED $1,416,882 COMMERCIAL B-1 General Primary (041) SC Collected $ 23,843 B-General Secondary (010) SC Collected $ 273,834 C- General Secondary (011) SC Collected $ 486,631 D-General Primary (018) SC Collected $ 292,575 F-Primary High Load Factor (032) SC Collected $ 51,754 GH-General Service Heating (013) SC Collected $ 3,320 H- Water Heating Service (014) SC Collected $ 665 L-1 General Energy-Only Street Lighting SC Collected $ 2,181 L-2 General Service (Cust Owned) St Light SC Collected $ 2,286 L-3 General Service (Co Owned) St Light SC Collected $ 11,736 L-4 General Service Outdoor Lighting Commercial SC Collected $ 1,522 PS-1 General Secondary Public Pumping SC Collected $ 6,574 PS-2 General Primary Public Pumping SC Collected $ 9,977 PS-3 General Optional Primary Public Pumping SC Collected $ 37,748 R-1 General Secondary Resale SC Collected $ 45 R-2 General Secondary Resale SC Collected $ 1,031 R-3 General Primary Resale SC Collected $ 29,403 ROA-P Retail Open Access Primary (110) SC Collected $ 132,292 ROA-S Retail Open Access Secondary Com SC Collected $ 48,048 SC - Special Contract Commercial SC Collected $ 2,181 SPEC Grand Rapids Special Contract SC Collected $ 2,496 UR-General Unmetered SC Collected $ 14,443 TOTAL COMMERCIAL SC COLLECTED $1,434,585 INDUSTRIAL B-1 General Primary (042) SC Collected $ 20,328 B-General Secondary (020) SC Collected $ 35,986 C- General Secondary (021) SC Collected $ 72,724 CG-Cogeneration/Small Power Production Purchase SC Collected $ 1,051 D-General Primary (028) SC Collected $ 481,398 F-Primary High Load Factor (033) SC Collected $ 71,515 GH-General Service Heating (023) SC Collected $ 26 GMD General Motors SC Collected $ 61,460 GMF General Motors SC Collected $ 119,609 GMF-1 General Motors SC Collected $ 14,336 GMJ-1 General Motors SC Collected $ 7,737
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CURRENT BILLING MONTH 10/1/2004 - 10/31/2004 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 $ 37,184 J-General Primary Electric Furnace (037) SC Collected $ 6,051 L-4 General Service Outdoor Lighting Industrial SC Collected $ 93 R-3 General Primary Resale (027) SC Collected $ 64 ROA-P Retail Open Access Primary (111) SC Collected $ 349,938 ROA-S Retail Open Access Secondary Ind SC Collected $ 5,813 SC - Special Contract Industrial SC Collected $ 150,878 TOTAL INDUSTRIAL SC COLLECTED $1,436,191 TOTAL SC COLLECTED $4,287,658
Executed as of this 16th day of November 2004. CONSUMERS ENERGY COMPANY AS SERVICER /s/ Glenn P. Barba ----------------------------------------- Glenn P. Barba, Vice President and Controller CC: Consumers Funding LLC One Energy Plaza Jackson, Mi 49201 Page 3 of 3