EXHIBIT 10(b)
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: November 2004
CURRENT BILLING MONTH 11/1/2004 - 12/2/2004 COLLECTION CURVE 100%
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STANDARD BILLING FOR PRIOR BILLING MONTH
Residential Total Billed $97,200,587
Residential SECURITIZATION CHARGE (SC) Billed $ 1,230,760 1.266%
Commercial Total Billed $79,097,215
Commercial SECURITIZATION CHARGE (SC) Billed $ 1,382,207 1.747%
Industrial Total Billed $46,775,493
Industrial SECURITIZATION CHARGE (SC) Billed $ 1,390,842 2.973%
YTD NET WRITE-OFFS AS A % OF BILLED REVENUE
Non-Residential Customer Net Write-offs 0.150%
Residential Customer Net Write-offs 0.450%
Total Net Write-offs 0.280%
AGGREGATE SC COLLECTIONS
TOTAL SC REMITTED FOR BILLING MONTH
Residential Class SC Collected $ 1,454,638
Commercial Class SC Collected $ 1,438,063
Industrial Class SC Collected $ 1,579,338
Total SC Collected $ 4,472,039
Aggregate SC Remittances for October 2004 BILLING MONTH $ 4,287,658
Aggregate SC Remittances for November 2004 BILLING MONTH $ 4,472,039
Aggregate SC Remittances for December 2004 BILLING MONTH 0
TOTAL CURRENT SC REMITTANCES $ 8,759,697
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CURRENT BILLING MONTH 11/1/2004 - 12/2/2004 COLLECTION CURVE 100%
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CALCULATED SC COLLECTED AMOUNT
RESIDENTIAL
A-1 Residential SC Collected $1,388,948
A-3 Residential X.X.X. SC Collected $ 4,208
A-4 Alternate Residence SC Collected $ 31,300
A-5 Residential Farm/Life Support SC Collected $ 30,182
TOTAL RESIDENTIAL SC COLLECTED $1,454,638
COMMERCIAL
B-1 General Primary (041) SC Collected $ 28,029
B-General Secondary (010) SC Collected $ 268,509
C- General Secondary (011) SC Collected $ 486,160
D-General Primary (018) SC Collected $ 308,778
F-Primary High Load Factor (032) SC Collected $ 51,717
GH-General Service Heating (013) SC Collected $ 3,166
H- Water Heating Service (014) SC Collected $ 638
L-1 General Energy-Only Street Lighting SC Collected $ 2,640
L-2 General Service (Cust Owned) St Light SC Collected $ 2,717
L-3 General Service (Co Owned) St Light SC Collected $ 14,086
L-4 General Service Outdoor Lighting Commercial SC Collected $ 1,980
PS-1 General Secondary Public Pumping SC Collected $ 6,649
PS-2 General Primary Public Pumping SC Collected $ 8,500
PS-3 General Optional Primary Public Pumping SC Collected $ 45,601
R-1 General Secondary Resale SC Collected $ 26
R-2 General Secondary Resale SC Collected $ 907
R-3 General Primary Resale SC Collected $ 28,924
ROA-P Retail Open Access Primary (110) SC Collected $ 121,384
ROA-S Retail Open Access Secondary Com SC Collected $ 44,519
SPEC Grand Rapids Special Contract SC Collected $ 2,656
UR-General Unmetered SC Collected $ 10,477
TOTAL COMMERCIAL SC COLLECTED $1,438,063
INDUSTRIAL
B-1 General Primary (042) SC Collected $ 36,979
B-General Secondary (020) SC Collected $ 38,009
C- General Secondary (021) SC Collected $ 75,119
CG-Cogeneration/Small Power Production Purchase SC Collected $ 4,052
D-General Primary (028) SC Collected $ 464,219
F-Primary High Load Factor (033) SC Collected $ 85,895
GH-General Service Heating (023) SC Collected $ 41
GMD General Motors SC Collected $ 57,896
GMF General Motors SC Collected $ 116,802
GMF-1 General Motors SC Collected $ 15,187
GMJ-1 General Motors SC Collected $ 7,177
H- Water Heating Service (024) SC Collected $ 0
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CURRENT BILLING MONTH 11/1/2004 - 12/2/2004 COLLECTION CURVE 100%
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I-General Primary Interruptible (034) SC Collected $ 0
J-1 General Alternative Electric Metal Melting SC Collected $ 39,580
J-General Primary Electric Furnace (037) SC Collected $ 12,079
L-4 General Service Outdoor Lighting Industrial SC Collected $ 117
R-3 General Primary Resale (027) SC Collected $ 40
ROA-P Retail Open Access Primary (111) SC Collected $ 450,549
ROA-S Retail Open Access Secondary Ind SC Collected $ 7,465
SC - Special Contract Industrial SC Collected $ 168,132
TOTAL INDUSTRIAL SC COLLECTED $1,579,338
TOTAL SC COLLECTED $4,472,039
Executed as of this 13th day of December 2004.
CONSUMERS ENERGY COMPANY
AS SERVICER
/s/ Xxxxx X. Xxxxx
----------------------------------------
Xxxxx X. Xxxxx, Vice President and
Controller
CC: Consumers Funding LLC
Xxx Xxxxxx Xxxxx
Xxxxxxx, Xx 00000
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