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: January 2004
CURRENT BILLING MONTH 1/7/2004 - 2/3/2004 COLLECTION CURVE 100%
STANDARD BILLING FOR PRIOR BILLING MONTH
Residential Total Billed $148,274,205
Residential SECURITIZATION CHARGE (SC) Billed $ 1,466,846 0.989%
Commercial Total Billed $ 82,613,454
Commercial SECURITIZATION CHARGE (SC) Billed $ 1,336,170 1.617%
Industrial Total Billed $ 47,103,935
Industrial SECURITIZATION CHARGE (SC) Billed $ 1,312,848 2.787%
YTD NET WRITE-OFFS AS A % OF BILLED REVENUE
Non-Residential Customer Net Write-offs 0.090%
Residential Customer Net Write-offs 0.620%
Total Net Write-offs 0.330%
AGGREGATE SC COLLECTIONS
TOTAL SC REMITTED FOR BILLING MONTH
Residential Class SC Collected $ 1,357,760
Commercial Class SC Collected $ 1,238,488
Industrial Class SC Collected $ 1,290,396
Total SC Collected $ 3,886,644
Aggregate SC Remittances for January 2004 BILLING MONTH $ 3,886,644
Aggregate SC Remittances for February 2004 BILLING MONTH $ 0
Aggregate SC Remittances for March 2004 BILLING MONTH $ 0
TOTAL CURRENT SC REMITTANCES $ 3,886,644
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CURRENT BILLING MONTH 1/7/2004 - 2/3/2004 COLLECTION CURVE 100%
CALCULATED SC COLLECTED AMOUNT
RESIDENTIAL
A-1 Residential SC Collected $ 1,293,364
A-3 Residential X.X.X. SC Collected $ 5,570
A-4 Alternate Residence SC Collected $ 30,039
A-5 Residential Farm/Life Support SC Collected $ 28,787
TOTAL RESIDENTIAL SC COLLECTED $ 1,357,760
COMMERCIAL
B-1 General Primary (041) SC Collected $ 23,456
B-General Secondary (010) SC Collected $ 226,088
C- General Secondary (011) SC Collected $ 442,991
D-General Primary (018) SC Collected $ 274,123
F-Primary High Load Factor (032) SC Collected $ 42,787
GH-General Service Heating (013) SC Collected $ 5,781
H- Water Heating Service (014) SC Collected $ 639
L-1 General Energy-Only Street Lighting SC Collected $ 3,149
L-2 General Service (Cust Owned) St Light SC Collected $ 3,234
L-3 General Service (Co Owned) St Light SC Collected $ 16,786
L-4 General Service Outdoor Lighting Commercial SC Collected $ 2,203
PS-1 General Secondary Public Pumping SC Collected $ 6,971
PS-2 General Primary Public Pumping SC Collected $ 7,354
PS-3 General Optional Primary Public Pumping SC Collected $ 47,693
R-1 General Secondary Resale SC Collected $ 2
R-2 General Secondary Resale SC Collected $ 1,018
R-3 General Primary Resale SC Collected $ 25,421
ROA-P Retail Open Access Primary (110) SC Collected $ 77,784
ROA-S Retail Open Access Secondary Com SC Collected $ 15,406
SC - Special Contract Commercial SC Collected $ 1,949
SPEC Grand Rapids Special Contract SC Collected $ 3,145
UR-General Unmetered SC Collected $ 10,508
TOTAL COMMERCIAL SC COLLECTED $ 1,238,488
INDUSTRIAL
B-1 General Primary (042) SC Collected $ 16,055
B-General Secondary (020) SC Collected $ 30,528
C- General Secondary (021) SC Collected $ 65,399
CG-Cogeneration/Small Power Production Purchase SC Collected $ 352
D-General Primary (028) SC Collected $ 486,245
F-Primary High Load Factor (033) SC Collected $ 80,308
GH-General Service Heating (023) SC Collected $ 71
GMD General Motors SC Collected $ 55,274
GMF General Motors SC Collected $ 104,733
GMF-1 General Motors SC Collected $ 12,870
GMJ-1 General Motors SC Collected $ 6,845
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CURRENT BILLING MONTH 1/7/2004 - 2/3/2004 COLLECTION CURVE 100%
H- Water Heating Service (024) SC Collected $ 0
I-General Primary Interruptible (034) SC Collected $ 3,360
J-1General Alternative Electric Metal Melting SC Collected $ 22,254
J-General Primary Electric Furnace (037) SC Collected $ 5,305
L-4 General Service Outdoor Lighting Industrial SC Collected $ 124
R-3 General Primary Resale (027) SC Collected $ 109
ROA-P Retail Open Access Primary (111) SC Collected $ 311,555
ROA-S Retail Open Access Secondary Ind SC Collected $ 1,965
SC - Special Contract Industrial SC Collected $ 87,044
TOTAL INDUSTRIAL SC COLLECTED $ 1,290,396
TOTAL SC COLLECTED $ 3,886,644
Executed as of this 18th day of February 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
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