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: June 2003
CURRENT BILLING MONTH 6/4/2003 - 7/2/2003 COLLECTION CURVE 100%
STANDARD BILLING FOR PRIOR BILLING MONTH
Residential Total Billed $98,895,762
Residential SECURITIZATION CHARGE (SC) Billed $1,141,944 1.155%
Commercial Total Billed $74,192,434
Commercial SECURITIZATION CHARGE (SC) Billed $1,250,007 1.685%
Industrial Total Billed $47,585,824
Industrial SECURITIZATION CHARGE (SC) Billed $1,352,427 2.842%
YTD NET WRITE-OFFS AS A % OF BILLED REVENUE
-------------------------------------------
Non-Residential Customer Net Write-offs 0.180%
Residential Customer Net Write-offs 0.420%
Total Net Write-offs 0.280%
AGGREGATE SC COLLECTIONS
TOTAL SC REMITTED FOR BILLING MONTH
Residential Class SC Collected $1,203,753
Commercial Class SC Collected $1,223,871
Industrial Class SC Collected $1,373,503
Total SC Collected $3,801,127
Aggregate SC Remittances for April 2003 BILLING MONTH $4,043,602
Aggregate SC Remittances for May 2003 BILLING MONTH $3,739,751
Aggregate SC Remittances for June 2003 BILLING MONTH $3,801,127
TOTAL CURRENT SC REMITTANCES $11,584,480
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CURRENT BILLING MONTH 6/4/2003 - 7/2/2003 COLLECTION CURVE 100%
CALCULATED SC COLLECTED AMOUNT
------------------------------
RESIDENTIAL
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A-1 Residential SC Collected $1,146,180
A-3 Residential T.O.D. SC Collected $4,142
A-4 Alternate Residence SC Collected $27,766
A-5 Residential Farm/Life Support SC Collected $25,665
TOTAL RESIDENTIAL SC COLLECTED $1,203,753
COMMERCIAL
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B-1 General Primary (041) SC Collected $18,094
B- General Secondary (010) SC Collected $216,833
C- General Secondary (011) SC Collected $460,381
D- General Primary (018) SC Collected $281,926
F- Primary High Load Factor (032) SC Collected $41,976
GH- General Service Heating (013) SC Collected $3,839
H- Water Heating Service (014) SC Collected $611
L-1 General Energy-Only Street Lighting SC Collected $1,743
L-2 General Service (Cust Owned) St Light SC Collected $1,956
L-3 General Service (Co Owned) St Light SC Collected $9,886
L-4 General Service Outdoor Lighting Commercial SC Collected $1,377
PS-1 General Secondary Public Pumping SC Collected $6,865
PS-2 General Primary Public Pumping SC Collected $5,393
PS-3 General Optional Primary Public Pumping SC Collected $39,544
R-1 General Secondary Resale SC Collected $52
R-2 General Secondary Resale SC Collected $832
R-3 General Primary Resale SC Collected $30,537
ROA-P Retail Open Access Primary (110) SC Collected $75,619
ROA-S Retail Open Access Secondary Com SC Collected $10,838
SC - Special Contract Commercial SC Collected $1,888
SPEC Grand Rapids Special Contract SC Collected $2,587
UR- General Unmetered SC Collected $11,094
TOTAL COMMERCIAL SC COLLECTED $1,223,871
INDUSTRIAL
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B-1 General Primary (042) SC Collected $14,911
B- General Secondary (020) SC Collected $32,009
C- General Secondary (021) SC Collected $69,508
CG- Cogeneration/Small Power Production Purchase SC Collected $5,600
D- General Primary (028) SC Collected $514,251
F- Primary High Load Factor (033) SC Collected $83,114
GH- General Service Heating (023) SC Collected $31
GMD General Motors SC Collected $63,471
GMF General Motors SC Collected $126,669
GMF-1 General Motors SC Collected $13,990
GMJ-1 General Motors SC Collected $8,439
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CURRENT BILLING MONTH 6/4/2003 - 7/2/2003 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 $7,858
J- General Primary Electric Furnace (037) SC Collected $6,368
L-4 General Service Outdoor Lighting Industrial SC Collected $75
ROA-P Retail Open Access Primary (111) SC Collected $296,399
ROA-S Retail Open Access Secondary Ind SC Collected $1,732
SC - Special Contract Industrial SC Collected $129,078
TOTAL INDUSTRIAL SC COLLECTED $1,373,503
TOTAL SC COLLECTED $3,801,127
Executed as of this 18th day of July 2003.
CONSUMERS ENERGY COMPANY
AS SERVICER
---------------------------------------
Glenn P. Barba, Vice President,
Controller and Chief Accounting Officer
CC: Consumers Funding LLC
One Energy Plaza
Jackson, Mi 49201
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