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 July 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 2001-1. The document certifies the accuracy of collections and remittances for the specified period, as required by the agreement.

Read More Arrow
EX-10.(A) 3 k80596exv10wxay.txt MONTHLY SERVICER'S CERTIFICATE AUGUST 20, 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: July 2003
CURRENT BILLING MONTH 7/3/2003 - 8/1/2003 COLLECTION CURVE 100% STANDARD BILLING FOR PRIOR BILLING MONTH Residential Total Billed $94,642,672 Residential SECURITIZATION CHARGE (SC) Billed $ 1,168,583 1.235% Commercial Total Billed $73,889,117 Commercial SECURITIZATION CHARGE (SC) Billed $ 1,286,441 1.741% Industrial Total Billed $47,243,275 Industrial SECURITIZATION CHARGE (SC) Billed $ 1,363,629 2.886% YTD NET WRITE-OFFS AS A % OF BILLED REVENUE Non-Residential Customer Net Write-offs 0.170% Residential Customer Net Write-offs 0.400% Total Net Write-offs 0.270% AGGREGATE SC COLLECTIONS TOTAL SC REMITTED FOR BILLING MONTH Residential Class SC Collected $ 1,311,688 Commercial Class SC Collected $ 1,364,164 Industrial Class SC Collected $ 1,395,320 Total SC Collected $ 4,071,172 Aggregate SC Remittances for July 2003 BILLING MONTH $ 4,071,172 Aggregate SC Remittances for August 2003 BILLING MONTH $ 0 Aggregate SC Remittances for September 2003 BILLING MONTH $ 0 TOTAL CURRENT SC REMITTANCES $ 4,071,172
Page 1 of 3
CURRENT BILLING MONTH 7/3/2003 - 8/1/2003 COLLECTION CURVE 100% CALCULATED SC COLLECTED AMOUNT RESIDENTIAL A-1 Residential SC Collected $1,247,573 A-3 Residential T.O.D. SC Collected $ 4,153 A-4 Alternate Residence SC Collected $ 32,744 A-5 Residential Farm/Life Support SC Collected $ 27,218 TOTAL RESIDENTIAL SC COLLECTED $1,311,688 COMMERCIAL B-1 General Primary (041) SC Collected $ 20,928 B-General Secondary (010) SC Collected $ 240,884 C- General Secondary (011) SC Collected $ 487,482 D-General Primary (018) SC Collected $ 332,587 F-Primary High Load Factor (032) SC Collected $ 49,998 GH-General Service Heating (013) SC Collected $ 3,396 H- Water Heating Service (014) SC Collected $ 653 L-1 General Energy-Only Street Lighting SC Collected $ 1,523 L-2 General Service (Cust Owned) St Light SC Collected $ 1,575 L-3 General Service (Co Owned) St Light SC Collected $ 7,688 L-4 General Service Outdoor Lighting Commercial SC Collected $ 1,012 PS-1 General Secondary Public Pumping SC Collected $ 6,523 PS-2 General Primary Public Pumping SC Collected $ 12,377 PS-3 General Optional Primary Public Pumping SC Collected $ 46,688 R-1 General Secondary Resale SC Collected $ 136 R-2 General Secondary Resale SC Collected $ 945 R-3 General Primary Resale SC Collected $ 31,943 ROA-P Retail Open Access Primary (110) SC Collected $ 92,322 ROA-S Retail Open Access Secondary Com SC Collected $ 9,251 SC - Special Contract Commercial SC Collected $ 2,276 SPEC Grand Rapids Special Contract SC Collected $ 2,333 UR-General Unmetered SC Collected $ 11,644 TOTAL COMMERCIAL SC COLLECTED $1,364,164 INDUSTRIAL B-1 General Primary (042) SC Collected $ 17,139 B-General Secondary (020) SC Collected $ 33,522 C- General Secondary (021) SC Collected $ 74,038 CG-Cogeneration/Small Power Production Purchase SC Collected $ 1,274 D-General Primary (028) SC Collected $ 577,524 F-Primary High Load Factor (033) SC Collected $ 78,809 GH-General Service Heating (023) SC Collected $ 31 GMD General Motors SC Collected $ 73,671 GMF General Motors SC Collected $ 124,882 GMF-1 General Motors SC Collected $ 13,058 GMJ-1 General Motors SC Collected $ 9,378
Page 2 of 3
CURRENT BILLING MONTH 7/3/2003 - 8/1/2003 COLLECTION CURVE 100% H- Water Heating Service (024) SC Collected $ 0 I-General Primary Interruptible (034) SC Collected $ 0 J-1General Alternative Electric Metal Melting SC Collected $ 31,491 J-General Primary Electric Furnace (037) SC Collected $ 5,780 L-4 General Service Outdoor Lighting Industrial SC Collected $ 61 ROA-P Retail Open Access Primary (111) SC Collected $ 221,049 ROA-S Retail Open Access Secondary Ind SC Collected $ 1,455 SC - Special Contract Industrial SC Collected $ 132,158 TOTAL INDUSTRIAL SC COLLECTED $1,395,320 TOTAL SC COLLECTED $4,071,172
Executed as of this 20th day of August 2003. CONSUMERS ENERGY COMPANY AS SERVICER /s/ Laura L. Mountcastle ------------------------------------- Laura L. Mountcastle, Vice President CC: Consumers Funding LLC One Energy Plaza Jackson, Mi 49201 Page 3 of 3