Exhibit 10(c)
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: March 2004
CURRENT BILLING MONTH 3/4/2004 - 4/1/2004 COLLECTION CURVE 100%
STANDARD BILLING FOR PRIOR BILLING MONTH
Residential Total Billed $179,054,778
Residential SECURITIZATION CHARGE (SC) Billed $ 1,474,893 0.824%
Commercial Total Billed $ 97,390,163
Commercial SECURITIZATION CHARGE (SC) Billed $ 1,399,196 1.437%
Industrial Total Billed $ 46,820,580
Industrial SECURITIZATION CHARGE (SC) Billed $ 1,300,467 2.778%
YTD NET WRITE-OFFS AS A % OF BILLED REVENUE
Non-Residential Customer Net Write-offs 0.100%
Residential Customer Net Write-offs 0.470%
Total Net Write-offs 0.260%
AGGREGATE SC COLLECTIONS
TOTAL SC REMITTED FOR BILLING MONTH
Residential Class SC Collected $ 1,356,402
Commercial Class SC Collected $ 1,242,574
Industrial Class SC Collected $ 1,267,904
Total SC Collected $ 3,866,880
Aggregate SC Remittances for January 2004 BILLING MONTH $ 3,886,644
Aggregate SC Remittances for February 2004 BILLING MONTH $ 4,565,254
Aggregate SC Remittances for March 2004 BILLING MONTH $ 3,866,880
TOTAL CURRENT SC REMITTANCES $ 12,318,778
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CURRENT BILLING MONTH 3/4/2004 - 4/1/2004 COLLECTION CURVE 100%
CALCULATED SC COLLECTED AMOUNT
RESIDENTIAL
A-1 Residential SC Collected $ 1,287,167
A-3 Residential X.X.X. SC Collected $ 5,933
A-4 Alternate Residence SC Collected $ 32,996
A-5 Residential Farm/Life Support SC Collected $ 30,306
TOTAL RESIDENTIAL SC COLLECTED $ 1,356,402
COMMERCIAL
B-1 General Primary (041) SC Collected $ 21,746
B-General Secondary (010) SC Collected $ 239,039
C- General Secondary (011) SC Collected $ 417,435
D-General Primary (018) SC Collected $ 262,903
F-Primary High Load Factor (032) SC Collected $ 47,170
GH-General Service Heating (013) SC Collected $ 7,889
H- Water Heating Service (014) SC Collected $ 585
L-1 General Energy-Only Street Lighting SC Collected $ 2,486
L-2 General Service (Cust Owned) St Light SC Collected $ 2,596
L-3 General Service (Co Owned) St Light SC Collected $ 13,046
L-4 General Service Outdoor Lighting Commercial SC Collected $ 1,637
PS-1 General Secondary Public Pumping SC Collected $ 7,004
PS-2 General Primary Public Pumping SC Collected $ 6,423
PS-3 General Optional Primary Public Pumping SC Collected $ 40,967
R-1 General Secondary Resale SC Collected $ 2
R-2 General Secondary Resale SC Collected $ 1,022
R-3 General Primary Resale SC Collected $ 25,554
ROA-P Retail Open Access Primary (110) SC Collected $ 102,036
ROA-S Retail Open Access Secondary Com SC Collected $ 27,371
SC - Special Contract Commercial SC Collected $ 1,773
SPEC Grand Rapids Special Contract SC Collected $ 2,969
UR-General Unmetered SC Collected $ 10,921
TOTAL COMMERCIAL SC COLLECTED $ 1,242,574
INDUSTRIAL
B-1 General Primary (042) SC Collected $ 15,802
B-General Secondary (020) SC Collected $ 31,112
C- General Secondary (021) SC Collected $ 67,508
CG-Cogeneration/Small Power Production Purchase SC Collected $ 58
D-General Primary (028) SC Collected $ 467,520
F-Primary High Load Factor (033) SC Collected $ 73,387
GH-General Service Heating (023) SC Collected $ 73
GMD General Motors SC Collected $ 56,509
GMF General Motors SC Collected $ 94,795
GMJ-1 General Motors SC Collected $ 7,503
H- Water Heating Service (024) SC Collected $ 1
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CURRENT BILLING MONTH 3/4/2004 - 4/1/2004 COLLECTION CURVE 100%
I-General Primary Interruptible (034) SC Collected $ 3,310
J-1General Alternative Electric Metal Melting SC Collected $ 34,319
J-General Primary Electric Furnace (037) SC Collected $ 5,669
L-4 General Service Outdoor Lighting Industrial SC Collected $ 100
R-3 General Primary Resale (027) SC Collected $ 78
ROA-P Retail Open Access Primary (111) SC Collected $ 290,807
ROA-S Retail Open Access Secondary Ind SC Collected $ 3,927
SC - Special Contract Industrial SC Collected $ 115,426
TOTAL INDUSTRIAL SC COLLECTED $ 1,267,904
TOTAL SC COLLECTED $ 3,866,880
Executed as of this 19th day of April 2004.
CONSUMERS ENERGY COMPANY
AS SERVICER
/s/ Xxxxx X. Xxxxxxxxxxx
------------------------------------------------
Xxxxx X. Xxxxxxxxxxx, Chief Executive Officer,
President, Chief Financial Officer & Treasurer
CC: Consumers Funding LLC
Xxx Xxxxxx Xxxxx
Xxxxxxx, Xx 00000
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