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: August 2004
CURRENT BILLING MONTH 8/3/2004 - 8/31/2004 COLLECTION CURVE 100%
STANDARD BILLING FOR PRIOR BILLING MONTH
Residential Total Billed $108,783,942
Residential SECURITIZATION CHARGE (SC) Billed $ 1,403,369 1.290%
Commercial Total Billed $ 79,607,978
Commercial SECURITIZATION CHARGE (SC) Billed $ 1,404,674 1.764%
Industrial Total Billed $ 36,718,248
Industrial SECURITIZATION CHARGE (SC) Billed $ 1,282,492 3.493%
YTD NET WRITE-OFFS AS A % OF BILLED REVENUE
Non-Residential Customer Net Write-offs 0.130%
Residential Customer Net Write-offs 0.360%
Total Net Write-offs 0.230%
AGGREGATE SC COLLECTIONS
TOTAL SC REMITTED FOR BILLING MONTH
Residential Class SC Collected $ 1,449,915
Commercial Class SC Collected $ 1,460,500
Industrial Class SC Collected $ 1,477,748
Total SC Collected $ 4,388,163
Aggregate SC Remittances for July 2004 BILLING MONTH $ 3,983,191
Aggregate SC Remittances for August 2004 BILLING MONTH $ 4,388,163
Aggregate SC Remittances for September 2004 BILLING MONTH $ 0
TOTAL CURRENT SC REMITTANCES $ 8,371,354
Page 1 of 3
CURRENT BILLING MONTH 8/3/2004 - 8/31/2004 COLLECTION CURVE 100%
CALCULATED SC COLLECTED AMOUNT
RESIDENTIAL
A-1 Residential SC Collected $1,377,166
A-3 Residential X.X.X. SC Collected $ 4,387
A-4 Alternate Residence SC Collected $ 40,006
A-5 Residential Farm/Life Support SC Collected $ 28,356
TOTAL RESIDENTIAL SC COLLECTED $1,449,915
COMMERCIAL
B-1 General Primary (041) SC Collected $ 26,674
B-General Secondary (010) SC Collected $ 273,979
C- General Secondary (011) SC Collected $ 498,583
D-General Primary (018) SC Collected $ 284,190
F-Primary High Load Factor (032) SC Collected $ 51,997
GH-General Service Heating (013) SC Collected $ 3,703
H- Water Heating Service (014) SC Collected $ 725
L-1 General Energy-Only Street Lighting SC Collected $ 1,645
L-2 General Service (Cust Owned) St Light SC Collected $ 1,713
L-3 General Service (Co Owned) St Light SC Collected $ 8,892
L-4 General Service Outdoor Lighting Commercial SC Collected $ 1,263
PS-1 General Secondary Public Pumping SC Collected $ 7,189
PS-2 General Primary Public Pumping SC Collected $ 9,993
PS-3 General Optional Primary Public Pumping SC Collected $ 50,282
R-1 General Secondary Resale SC Collected $ 63
R-2 General Secondary Resale SC Collected $ 1,044
R-3 General Primary Resale SC Collected $ 28,399
ROA-P Retail Open Access Primary (110) SC Collected $ 154,520
ROA-S Retail Open Access Secondary Com SC Collected $ 39,860
SC - Special Contract Commercial SC Collected $ 2,420
SPEC Grand Rapids Special Contract SC Collected $ 2,522
UR-General Unmetered SC Collected $ 10,844
TOTAL COMMERCIAL SC COLLECTED $1,460,500
INDUSTRIAL
B-1 General Primary (042) SC Collected $ 19,395
B-General Secondary (020) SC Collected $ 35,680
C- General Secondary (021) SC Collected $ 73,176
CG-Cogeneration/Small Power Production Purchase SC Collected $ 94
D-General Primary (028) SC Collected $ 438,113
F-Primary High Load Factor (033) SC Collected $ 86,846
GH-General Service Heating (023) SC Collected $ 37
GMD General Motors SC Collected $ 57,165
GMF General Motors SC Collected $ 100,622
GMF-1 General Motors SC Collected $ 9,957
GMJ-1 General Motors SC Collected $ 6,125
Page 2 of 3
CURRENT BILLING MONTH 8/3/2004 - 8/31/2004 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 $ 32,319
J-General Primary Electric Furnace (037) SC Collected $ 7,499
L-4 General Service Outdoor Lighting Industrial SC Collected $ 65
R-3 General Primary Resale (027) SC Collected $ 63
ROA-P Retail Open Access Primary (111) SC Collected $ 421,966
ROA-S Retail Open Access Secondary Ind SC Collected $ 5,956
SC - Special Contract Industrial SC Collected $ 182,670
TOTAL INDUSTRIAL SC COLLECTED $1,477,748
TOTAL SC COLLECTED $4,388,163
Executed as of this 17th day of September 2004.
CONSUMERS ENERGY COMPANY
AS SERVICER
/s/ Xxxxx X. Xxxxx
------------------------------------------
Xxxxx X. Xxxxx, Vice President, Controller
and Chief Accounting Officer
CC: Consumers Funding LLC
Xxx Xxxxxx Xxxxx
Xxxxxxx, Xx 00000
Page 3 of 3
