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: February 2004
CURRENT BILLING MONTH 2/4/2004 - 3/3/2004 COLLECTION CURVE 100%
STANDARD BILLING FOR PRIOR BILLING MONTH
Residential Total Billed $182,702,523
Residential SECURITIZATION CHARGE (SC) Billed $ 1,653,433 0.905%
Commercial Total Billed $ 90,940,545
Commercial SECURITIZATION CHARGE (SC) Billed $ 1,417,470 1.559%
Industrial Total Billed $ 45,501,424
Industrial SECURITIZATION CHARGE (SC) Billed $ 1,249,652 2.746%
YTD NET WRITE-OFFS AS A % OF BILLED REVENUE
Non-Residential Customer Net Write-offs 0.070%
Residential Customer Net Write-offs 0.470%
Total Net Write-offs 0.250%
AGGREGATE SC COLLECTIONS
TOTAL SC REMITTED FOR BILLING MONTH
Residential Class SC Collected $ 1,606,075
Commercial Class SC Collected $ 1,482,557
Industrial Class SC Collected $ 1,476,622
Total SC Collected $ 4,565,254
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 $ 0
TOTAL CURRENT SC REMITTANCES $ 8,451,898
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CURRENT BILLING MONTH 2/4/2004 - 3/3/2004 COLLECTION CURVE 100%
CALCULATED SC COLLECTED AMOUNT
RESIDENTIAL
A-1 Residential SC Collected $ 1,529,423
A-3 Residential T.O.D. SC Collected $ 7,090
A-4 Alternate Residence SC Collected $ 36,556
A-5 Residential Farm/Life Support SC Collected $ 33,006
TOTAL RESIDENTIAL SC COLLECTED $ 1,606,075
COMMERCIAL
B-1 General Primary (041) SC Collected $ 24,856
B-General Secondary (010) SC Collected $ 267,670
C- General Secondary (011) SC Collected $ 541,167
D-General Primary (018) SC Collected $ 328,959
F-Primary High Load Factor (032) SC Collected $ 49,952
GH-General Service Heating (013) SC Collected $ 8,288
H- Water Heating Service (014) SC Collected $ 684
L-1 General Energy-Only Street Lighting SC Collected $ 3,064
L-2 General Service (Cust Owned) St Light SC Collected $ 3,110
L-3 General Service (Co Owned) St Light SC Collected $ 15,682
L-4 General Service Outdoor Lighting Commercial SC Collected $ 2,006
PS-1 General Secondary Public Pumping SC Collected $ 7,846
PS-2 General Primary Public Pumping SC Collected $ 8,692
PS-3 General Optional Primary Public Pumping SC Collected $ 38,585
R-1 General Secondary Resale SC Collected $ 2
R-2 General Secondary Resale SC Collected $ 951
R-3 General Primary Resale SC Collected $ 29,428
ROA-P Retail Open Access Primary (110) SC Collected $ 102,005
ROA-S Retail Open Access Secondary Com SC Collected $ 34,583
SC - Special Contract Commercial SC Collected $ 1,750
SPEC Grand Rapids Special Contract SC Collected $ 3,586
UR-General Unmetered SC Collected $ 9,691
TOTAL COMMERCIAL SC COLLECTED $ 1,482,557
INDUSTRIAL
B-1 General Primary (042) SC Collected $ 18,874
B-General Secondary (020) SC Collected $ 34,125
C- General Secondary (021) SC Collected $ 74,987
CG-Cogeneration/Small Power Production Purchase SC Collected $ 3,674
D-General Primary (028) SC Collected $ 521,410
F-Primary High Load Factor (033) SC Collected $ 136,410
GH-General Service Heating (023) SC Collected $ 97
GMD General Motors SC Collected $ 56,812
GMF General Motors SC Collected $ 108,455
GMF-1 General Motors SC Collected $ 10,847
GMJ-1 General Motors SC Collected $ 7,529
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CURRENT BILLING MONTH 2/4/2004 - 3/3/2004 COLLECTION CURVE 100%
H- Water Heating Service (024) SC Collected $ 1
I-General Primary Interruptible (034) SC Collected $ 3,663
J-1General Alternative Electric Metal Melting SC Collected $ 32,199
J-General Primary Electric Furnace (037) SC Collected $ 6,590
L-4 General Service Outdoor Lighting Industrial SC Collected $ 111
R-3 General Primary Resale (027) SC Collected $ 16
ROA-P Retail Open Access Primary (111) SC Collected $ 341,261
ROA-S Retail Open Access Secondary Ind SC Collected $ 3,026
SC - Special Contract Industrial SC Collected $ 116,535
TOTAL INDUSTRIAL SC COLLECTED $ 1,476,622
TOTAL SC COLLECTED $ 4,565,254
Executed as of this 15th day of March 2004.
CONSUMERS ENERGY COMPANY
AS SERVICER
/s/ Glenn P.Barba
-------------------------------------
Glenn P. Barba, Vice President, Controller
and Chief Accounting Officer
CC: Consumers Funding LLC
One Energy Plaza
Jackson, Mi 49201
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