Document:

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                                                                   EXHIBIT 10.47

Description of Executive Life Insurance Plan

This Plan is available to certain former executives of Michigan Consolidated Gas
Company and MCN Energy Group, Inc. An eligible executive is provided with
universal life insurance coverage equal to two times his/her annual salary, up
to a maximum of $700,000. Eligible executives may elect to purchase up to two
times their annual salary in additional coverage. The policies include the
accumulation of a cash surrender value which may be accessed upon retirement.

                                       1<PAGE>
                                                                   Exhibit 10.48

                                                               [DTE ENERGY LOGO]

                                                  May 22, 2002

Mr. Bruce D. Peterson
7824 Stable Way
Potomac, Maryland 20854

Dear Bruce:

I am pleased to offer you the position of Senior Vice President and General
Counsel with DTE Energy Company at an annual salary of $354,000.

Upon employment, you will be eligible for the benefits described in the Benefit
Highlights brochure enclosed, as well as the perquisites described on a
separate listing also enclosed. In addition, you will receive the following:

-    A signing bonus of $50,000.

-    An immediate annual benefit of two weeks (10 days) vacation for 2002. An
     additional week may be granted at the direction of Mr. Earley. In
     subsequent years you will receive four weeks (20 days) of vacation.

-    An amount to cover the premium for three (3) months coverage for you and
     your dependents under your current health plan (considered imputed income
     to be grossed up for taxes). After that you will be eligible for normal
     participation in the Company's health care plan.

Subject to the approval of the Special Committee on Compensation of the Board
of Directors, you will be granted the following shares of stock under the DTE
Stock Incentive Plan:

-    6,000 shares of restricted stock with a vesting period of four (4) years
     from the date of grant. At the current price, this grant has an
     approximate value of $270,000. In addition, these shares will pay current
     dividends in accordance with the Company's dividend policy. At the current
     rate this equals $12,360 annually.

-    10,000 shares of nonqualified stock options (vesting annually over four
     years from the date of grant). These shares have an estimated value of
     $63,800 using a modified Black-Scholes valuation.

You will also be eligible to participate in the following programs:

-    The DTE Energy Company Annual Incentive Plan. The plan currently provides
     for a target annual bonus of 45 percent of salary, with a potential award
     range of 0 to 112.5 percent of salary when adjusted for performance. For
     the year 2002, you will be eligible for a pro-rata share of the applicable
     incentive.

<PAGE>
Mr. Bruce D. Peterson
May 22, 2002
Page 2

-    Annual grants under the Company's Long-Term Incentive Plan commencing in
     2003 that provide for a target award in the aggregate of 50 percent of
     salary. The plan currently utilizes grants of stock options, performance
     shares, and restricted stock.

-    The DTE Energy Company Retirement Plan, a defined benefit cash balance
     pension plan, which includes annual contribution credits of 7 percent of
     base pay and annual incentive bonus plus interest. In addition, you will
     participate in the DTE Energy Company Executive Supplemental Retirement
     Plan, a non-qualified plan which provides 9 percent of your base pay plus
     annual incentive pay in a deferred account subject to vesting at 20 percent
     per year.

-    DTE Energy Company's Savings and Stock Ownership Plan, a defined
     contribution 401(k) plan. This plan provides tax-deferred opportunities of
     up to 18 percent of base pay, with a Company match of 100 percent on the
     first 4 percent of participant contributions and $0.50 on the dollar on the
     next 4 percent of participant contributions.

-    The Company executive leased vehicle program. This program will provide you
     with a leased vehicle of your choice subject to program parameters,
     renewable every three years.

You will be eligible for relocation assistance that will include interim living
for ninety (90) days, moving your household goods and assistance in selling your
home. See the enclosed relocation guide for further details.

As a Senior Vice President, you will receive a change-in-control severance
arrangement.

This offer is subject to successful completion of a pre-employment physical
examination, a review of references, and approval by the Board of Directors.

Bruce, I look forward to welcoming you to the DTE Energy organization. Please
let me know if you have any questions on the content of this offer. I can be
reached at (313) 235-8867.

                                   Sincerely,

                                   /s/ Larry E. Steward

Attachments

Accepted:

/s/ Bruce D. Peterson     May 30, 2002
--------------------------------------
Bruce D. Peterson             Date<PAGE>
                                                                   EXHIBIT 10(a)

                         MONTHLY SERVICER'S CERTIFICATE

                              CONSUMERS FUNDING LLC
                $468,592,000 SECURITIZATION BONDS, SERIES 2000-1

         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: April 2002

<TABLE>
<CAPTION>
  CURRENT BILLING MONTH        4/2/02 - 5/2/02                                                        COLLECTION CURVE 100%
<S>                                                                                          <C>                 <C>

   STANDARD BILLING FOR PRIOR BILLING MONTH
  Residential Total Billed                                                                    $126,531,144
  Residential SECURITIZATION CHARGE (SC) Billed                                                 $1,377,073           1.088%

  Commercial Total Billed                                                                      $78,765,157
  Commercial SECURITIZATION CHARGE (SC) Billed                                                  $1,355,356           1.721%

  Industrial Total Billed                                                                      $52,982,559
  Industrial SECURITIZATION CHARGE (SC) Billed                                                  $1,416,141           2.673%

   YTD NET WRITE-OFFS AS A % OF BILLED REVENUE
   Non-Residential Customer Net Write-offs                                                        0.400%
   Residential Customer Net Write-offs                                                            0.400%
   Total Net Write-offs                                                                           0.400%

   AGGREGATE SC COLLECTIONS
  TOTAL SC REMITTED FOR BILLING MONTH
  Residential Class SC Collected                                                                $1,294,479
  Commercial Class SC Collected                                                                 $1,339,251
  Industrial Class SC Collected                                                                 $1,670,228

  Total SC Collected                                                                            $4,303,958

   Aggregate SC Remittances for December BILLING MONTH                                          $1,632,249
   Aggregate SC Remittances for January BILLING MONTH                                           $3,523,090
   Aggregate SC Remittances for February BILLING MONTH                                          $4,133,025
   Aggregate SC Remittances for March BILLING MONTH                                             $4,173,765
   Aggregate SC Remittances for April BILLING MONTH                                             $4,303,958
   TOTAL CURRENT SC REMITTANCES                                                                $17,766,087
</TABLE>

                                                                     Page 1 of 3

<PAGE>

<TABLE>
<CAPTION>
  CURRENT BILLING MONTH        4/2/02 - 5/2/02                                                        COLLECTION CURVE 100%
   CALCULATED SC COLLECTED AMOUNT
   RESIDENTIAL
<S>                                                                                          <C>                 <C>
   A-1 Residential SC Collected                                                                 $1,230,032
   A-3 Residential T.O.D. SC Collected                                                              $6,017
   A-4 Alternate Residence SC Collected                                                            $28,755
   A-5 Residential Farm/Life Support SC Collected                                                  $29,675

   TOTAL RESIDENTIAL SC COLLECTED                                                               $1,294,479

   COMMERCIAL
   B-1 General Primary   (041) SC Collected                                                        $14,376
   B-General Secondary   (010) SC Collected                                                       $228,152
   C-General Secondary   (011) SC Collected                                                       $477,804
   D-General Primary   (018) SC Collected                                                         $316,729
   F-Primary High Load Factor   (032) SC Collected                                                 $67,492
   GH-General Service Heating   (013) SC Collected                                                  $7,308
   H-Water Heating Service   (014) SC Collected                                                       $551
   L-1 General Energy-Only Street Lighting SC Collected                                             $2,413
   L-2 General Service (Cust Owned) St Light SC Collected                                           $2,686
   L-3 General Service (Co Owned) St Light SC Collected                                            $14,294
   L-4 General Service Outdoor Lighting Commercial SC Collected                                     $1,953
   PS-1 General Secondary Public Pumping SC Collected                                               $7,479
   PS-2 General Primary Public Pumping SC Collected                                                 $6,152
   PS-3 General Optional Primary Public Pumping SC Collected                                       $45,620
   R-1 General Secondary Resale SC Collected                                                           $32
   R-2 General Secondary Resale SC Collected                                                        $1,056
   R-3 General Primary Resale SC Collected                                                         $37,059
   ROA-P Retail Open Access Primary (110) SC Collected                                             $81,763
   ROA-S Retail Open Access Secondary Com SC Collected                                             $12,623
   SPEC Grand Rapids Special Contract SC Collected                                                  $3,055
   UR-General Unmetered SC Collected                                                               $10,654

   TOTAL COMMERCIAL SC COLLECTED                                                                $1,339,251

   INDUSTRIAL
   B-1 General Primary   (042) SC Collected                                                        $17,636
   B-General Secondary   (020) SC Collected                                                        $34,984
   C-General Secondary   (021) SC Collected                                                        $80,056
   CG-Cogeneration/Small Power Production Purchase SC Collected                                     $1,603
   D-General Primary   (028) SC Collected                                                         $705,264
   F-Primary High Load Factor   (033) SC Collected                                                $127,967
   GH-General Service Heating   (023) SC Collected                                                     $74
   GMD General Motors SC Collected                                                                 $67,171
   GMF General Motors SC Collected                                                                $174,632
   GMF-1 General Motors SC Collected                                                               $27,172
   GMJ-1 General Motors SC Collected                                                               $18,392
   H-Water Heating Service   (024) SC Collected                                                         $5
</TABLE>

                                                                     Page 2 of 3

<PAGE>

<TABLE>
<CAPTION>
  CURRENT BILLING MONTH        4/2/02 - 5/2/02                                                        COLLECTION CURVE 100%
<S>                                                                                          <C>
   I-General Primary Interruptible   (034) SC Collected                                             $3,259
   J-1General Alternative Electric Metal Melting SC Collected                                      $58,291
   J-General Primary Electric Furnace   (037) SC Collected                                          $8,772
   L-4 General Service Outdoor Lighting Industrial SC Collected                                       $115
   ROA-P Retail Open Access Primary (111) SC Collected                                            $211,969
   ROA-S Retail Open Access Secondary Ind SC Collected                                                $776
   SC - Special Contract Industrial SC Collected                                                  $132,090

   TOTAL INDUSTRIAL SC COLLECTED                                                                $1,670,228

   TOTAL SC COLLECTED                                                                           $4,303,958
</TABLE>

   Executed as of this 15th day of May 2002.

                                                        CONSUMERS ENERGY COMPANY
                                                        AS SERVICER

                                                          /s/ Glenn Barba
                                                        ------------------------
                                                        Glenn Barba, Controller

   CC:      Consumers Funding LLC
            Suite M-1079
            212 W. Michigan Ave
            Jackson, Mi  49201

                                                                     Page 3 of 3

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