Monthly Servicer's Certificate for Securitization Bonds, Series 2000-1 between Consumers Energy Company and Consumers Funding LLC (October 2002)

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 September 2002 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 total remittances. The document fulfills a reporting obligation under the servicing agreement and is signed by an authorized officer of Consumers Energy Company.

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EX-10.(C) 5 k72366exv10wxcy.txt MONTHLY SERVICER'S CERTIFICATE DATED 10/18/2002 EXHIBIT 10(c) 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: September 2002
CURRENT BILLING MONTH 9/3/2002 - 10/1/2002 COLLECTION CURVE 100% STANDARD BILLING FOR PRIOR BILLING MONTH Residential Total Billed $126,165,882 Residential SECURITIZATION CHARGE (SC) Billed $1,852,433 1.468% Commercial Total Billed $87,886,017 Commercial SECURITIZATION CHARGE (SC) Billed $1,671,379 1.902% Industrial Total Billed $51,173,165 Industrial SECURITIZATION CHARGE (SC) Billed $1,422,394 2.780% YTD NET WRITE-OFFS AS A % OF BILLED REVENUE Non-Residential Customer Net Write-offs 0.230% Residential Customer Net Write-offs 0.330% Total Net Write-offs 0.270% AGGREGATE SC COLLECTIONS TOTAL SC REMITTED FOR BILLING MONTH Residential Class SC Collected $1,737,450 Commercial Class SC Collected $1,640,075 Industrial Class SC Collected $1,519,780 ---------- Total SC Collected $4,897,305 Aggregate SC Remittances for July 2002 BILLING MONTH $4,710,325 Aggregate SC Remittances for August 2002 BILLING MONTH $4,981,714 Aggregate SC Remittances for September 2002 BILLING MONTH $4,897,305 ---------- TOTAL CURRENT SC REMITTANCES $14,589,344
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CURRENT BILLING MONTH 9/3/2002 - 9/30/2002 COLLECTION CURVE 100% CALCULATED SC COLLECTED AMOUNT RESIDENTIAL A-1 Residential SC Collected $1,653,490 A-3 Residential T.O.D. SC Collected $4,879 A-4 Alternate Residence SC Collected $45,730 A-5 Residential Farm/Life Support SC Collected $33,351 ------- TOTAL RESIDENTIAL SC COLLECTED $1,737,450 COMMERCIAL B-1 General Primary (041) SC Collected $25,188 B-General Secondary (010) SC Collected $320,829 C- General Secondary (011) SC Collected $578,545 D-General Primary (018) SC Collected $377,976 F-Primary High Load Factor (032) SC Collected $65,619 GH-General Service Heating (013) SC Collected $5,056 H- Water Heating Service (014) SC Collected $696 L-1 General Energy-Only Street Lighting SC Collected $1,944 L-2 General Service (Cust Owned) St Light SC Collected $2,282 L-3 General Service (Co Owned) St Light SC Collected $8,189 L-4 General Service Outdoor Lighting Commercial SC Collected $1,572 PS-1 General Secondary Public Pumping SC Collected $7,608 PS-2 General Primary Public Pumping SC Collected $8,355 PS-3 General Optional Primary Public Pumping SC Collected $63,381 R-1 General Secondary Resale SC Collected $150 R-2 General Secondary Resale SC Collected $937 R-3 General Primary Resale SC Collected $45,044 ROA-P Retail Open Access Primary (110) SC Collected $104,216 ROA-S Retail Open Access Secondary Com SC Collected $6,670 SC - Special Contract Commercial SC Collected $2,603 SPEC Grand Rapids Special Contract SC Collected $1,912 UR-General Unmetered SC Collected $11,303 ------- TOTAL COMMERCIAL SC COLLECTED $1,640,075 INDUSTRIAL B-1 General Primary (042) SC Collected $20,324 B-General Secondary (020) SC Collected $39,944 C- General Secondary (021) SC Collected $81,318 CG-Cogeneration/Small Power Production Purchase SC Collected $2,205 D-General Primary (028) SC Collected $653,499 F-Primary High Load Factor (033) SC Collected $124,914 GH-General Service Heating (023) SC Collected $49 GMD General Motors SC Collected $90,269 GMF General Motors SC Collected $173,937 GMF-1 General Motors SC Collected $18,687 GMJ-1 General Motors SC Collected $13,014
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CURRENT BILLING MONTH 9/3/2002 - 9/30/2002 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 $23,960 J-General Primary Electric Furnace (037) SC Collected $5,005 L-4 General Service Outdoor Lighting Industrial SC Collected $92 ROA-P Retail Open Access Primary (111) SC Collected $185,190 ROA-S Retail Open Access Secondary Ind SC Collected $1,430 SC - Special Contract Industrial SC Collected $85,943 ------- TOTAL INDUSTRIAL SC COLLECTED $1,519,780 TOTAL SC COLLECTED $4,897,305
Executed as of this 18th day of October 2002. CONSUMERS ENERGY COMPANY AS SERVICER /s/ Glenn Barba -------------------------------------- Glenn Barba, Vice President and Controller CC: Consumers Funding LLC Suite M-1079 212 W. Michigan Ave Jackson, Mi 49201 Page 3 of 3