1. travel
2. tourist destinations
3. national parks

1
2
3
4
5
'o -,2 P/
Thomas Lumsden
FTI Consulting Inc.
199 Fremont Street
San Francisco, CA 94105
(415) 498-5000
Telephone:
(415) 498-6318
Facsimile:
Accountants and Financial Advisors for Official
Committee of Unsecured Creditors
6
7
UNITED STATES BANKRUPTCY COURT
8
NORTHERN DISTRICT OF CALIFORNIA
9
SAN FRANCISCO DIVISION
10
11
In re
-Case No. 01-30923 DM
12
PACIFIC GAS AND E,LECTRIC
COMPANY, a Califorrlia corporation,
Chapter 11 Case
13
[No Hearing Scheduled]
Dc,btor.
14
15
16
17
18
19
20
21
Federal I.D. No. 94-0742640
FTI CONSULTING INC. COVER SHEET APPLICATION FOR ALLOWANCE AND
PAYMENT OF INTERIM COMPENSATION AND REIMBURSEMENT OF
EXPENSES FOR
FEBRUARY 1 2003 TO FEBRUARY 28. 2003
FTI Consulting, (the "Firm"), submits its Cover Sheet Application (the "Application")
for Allowance and Payment of Interim Compensation and Reimbursement of Expenses for
the Period February 1, 2003 to February 28,2003 (the "Application Period"). In support of
the Application, the Firm respectfully represents as follows:
22
23
24
25
26
27
28
.
1.
-
-
-
The Firm serves as Accountants and Financial Advisors to the Official
Committee of Unsecured Creditors. The Firm submitted an Application for appointment as
Accountants and Financial Advisors to the Official Committee of Unsecured Creditors on
September 27, 2002. An Order for Appointment of the Firm as Accountants and Financial
Advisors to the Official Committee of Unsecured Creditors was entered on October 31,
2002, nunc pro tunc to September 1,2002. The Firm hereby applies to the Court for
WD 071701/1-1419903/4293 1767/v 1
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; ail'owance and payment of interim ,compensation fog services rendered and reimbursement of
.2.
expenses incurred during the Application Period.
2.
The Firm billed a total of $157,132 in fees and expenses during the
4
Application Period. The Total fees represent 409.4 hours expended during the Application
5
Period. These fees and expenses break dowii as follows-:
..
'I
,
I
6
.7
Period
'8
Februay 1, 2003-
$155,595 'L3
9
Februar 28, 2Q03
;
_Fees
3.
31
101
Expenses
'
"
'
r
-Total
-
:
-
'
1
_,_
seeKS allowance of iiterimn comtpensation in the total
Accordingly', feF hi
amount of$133,793 atthii tiimie. TjL's total is comprised asfolI6Ws
121
$157,1-32
-
-'
-
-
$132,256 (85% of th fe'es for services rendered)' plus $1153'i (IG0%' of the expenses
. ,
13
incurred).
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-
-
Forihe
W 6s:-petitioii-periodthePie irmn, as successcr to the Business
15
Recovery Service'si'ictice' ofPreiccwaferhouseCoopefs, LLP, has been paid to date as
16-
follows:-
. -*--
-
-,
17 18
19
20
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........ ..: ' _!.-
Application Period
-
-
*
A
A-
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Descripton---
-
. A'pplied For
:-,
$803,6 4 ).2
First (April I, 2001 -
C
May 31, 2001)
>E
-
22
Second (June r, 2001-
23
July31, 2001)
-:
90% of fees and
0t,,f xperiess
$87o,002
'
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90% of fees and
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-----
,
., 6
.
$803P642
-
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$870,002
... itiO0:fexpense's 9 * > -
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' 'Payment of this amount would r,esult in a "holdback" of $23,339
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of Pricewate6!useCoopes UP
Application
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~ ($176,604)
-
-August-30,-2001)
7
burit Adjusiments
.Iand
Third (August 1, 2001 6
-
4
-
-c.,,
.
"95% offe'& and';
|--
-100%
--
$358,024
of expenses-
__-*_ _B._ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
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|$35§,4[
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|Fourth (Setember 1, 2001- $293',871
9
|-September30,2001)
11
|October 31X0)~tal.{ttl^
12-
Sixth (November i,2001-<* 1 $15,5-9fj
13
November 30, 2001)
14
| Second InterimFee
15
Application
o
|%
p|85% of feesandc
.- p- u
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.|
3,
19
Eight (January 1, 2002-
20.
January 31, 2002)
:
19QQ°f expenses
i
$223,013
f
o00,of
fxpenses
-os
February28, 2002)
,'cl?*.JQ,
1Q0'pfexpensesc,-
',f3
26
Application
-
-
-
$114,300
WD 071701/1-1419903142/931767/vi
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100% of expenses
.
.
-
$1897814
!'.
-
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-
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-
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15% fee holdback ($128,506) net $114,300
--
-- -write-offs
adj u
28
$197,888
of PricewaterhouseCoopers LLP
|
27
-
-
--
pi
__'______'__
85% of fees and
$89,8&14j
,
Tenth (March 1, 2002--r,^t
Third Interim Fee
-.--
$223,0131 -IoC 15o~offeles and
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-
-
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85% of fe'es and$97'
25
-
$192,887
-$i.9..
March 31, 2002)
i
q, -ofPricewaterI}ouseCoopersLLP,
21 - Ninth (February 1, 20Q2,
24
$n
|2115,596
-'-
-85% of fees and
$192,887
2001-December 31, 20Q1)0,13;,
-
'
|adjustments ($52,564)
|
.18
_-.-_-.
w}*^gi
feehioq,,dback.($,I98,105) net $145,541
| 15o%
|
[ .---
$307,809
100% of expenses
-
Seventh (December 1,
23
i $293,871
,
~ffep,,epq,-,
199t$|°%9fexpqnsepssr k
17
22:
.
epenses,
Q -8,9
|Fi hjf;top
'aid .
85% off
-100%of
10
16
_,
110% feeholdback ($179,012) net $2,408
|$2,408
First Intieri m Fee
3-
-5
-*,
-3-
($3,705) -and expense-
Li-($10,500)
I
1
I
Eleventh (April 1, 2002-
2
$185,003
100% of exp
April 30, 2002)
3
Twelfth (May 1, 2002 -
4
$183,784
May 31, 2002)
5
8
Julyt31, 2002)
19
2002 - July 31, 2002)
13
;
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2002)
16
-
.
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2002
18
2002)
:
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$84,985
--
:,
^October 31, 2002)
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'$315;139'
-.
2002--November-30,
20
-
*;7
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$1,13;478 -i 85% fees ard'iC,% expenses
Eighteenth'(Ncvefnberi1,-
19
$106,253
85% fees and&100% expenses
in n
...
Seventeenth (Octbber!1, .-
17
''_____.
net voluntary write-off ($3,353)
_
_
$127,849
F 15% holdbadkl-fees;($109I,666)
$84,985
2002 - September 30,
15
expenses
$106,253
Sixteenth (September 1,
14
.
100% of experses
$127;849' IM &5%,, of fces-and 100%6of
Foiirtflrihterim (Aprl 1,
122
$204,553
85% of fees and
_
.
-
7 August 31, 2002)
11
$81,860
100% of expenses
$204,553
1FIfeeftth'^(August 1, 2002;:
10
$183,784
85% offees and
7
1
Fourteenth (July 1, 2002 -
-
100% of expenses
-
June 30,2002)
7
85% of fees and
-
.Thirteenth (June.T, 2002 - -$81,860
6
l$185,003
85% 6f fees and
:
-
:;-
,
Id--5fees
g
aid-K0'% e,:penses '
.,
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$113,478
$315,139
-
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-
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,
21
Nineteenth (December 1,
22
$227,074
$227,074
.K
.,
2002 ' Deceffiber31,
23
85% fees and 100 % expens6s
2002)
___.,_-_.___
-__
__
_
24
Fifth Iiterini (Auigustlt'-
25
- $115J27d ''
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t5°'holdbackfees
.
-
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2002)' ,
27
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$115,270
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:Twentieth (January' , 20Q3' r$160,122
2
-January 3 1, 2003)
e_,
,85% fees and 100% expenses-,-.
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.Total Paid to the
4
-
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this Application).
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c$38,845~'
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Tyventieth (January-l;12,003.z-,J,,ar> .$26,669
2003) wed
13
6.
15
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24
2-
25
26
-
27-
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With regard to the cojies of this Ap licatiqh'served on couffsel for the
statements for the Application Period thiat comply with all Nprthern Distritt oftCalifornia
20
-~
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protessional;:apd (b)Jatta'ched~as Exhibits 24? anid 2r2Iare the detailedtime.and expense
19
23
.
X,
fee holdbhck
5
po
$
'-:
-
peeMsfld1ack
this;case during the period covered by ihis Applicatioh and the hourly ratt'for each such
18-
22
olate
,
J5, f
Exhibit 1'hereto is thlneame of6a t1prifessionabwhd performed'serves.in conlection with
17
21
_
,
~esritin
Committee, counsel for the Debtor and the Office of ihe United States Trustee, Attached as
16
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Total Owed to.Firm to.Dte:
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31 ' 2002)
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Nineteenth (D'ce-inber 1 1,, 2.O27,Deembe
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Amount
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Am un.i
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Application Period,
11
$5820,065
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To date, ,4the Firmnis 6wed ,s-follovs (excludiprjgzamoutnts owed pursuant to
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Firmnto Date .
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,$160,122
Bankruptcy Local Rules and Compen&tion Guidelines and the Guidelines of the Office of
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'the United
;StatesTr
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The Firm has served a~copy of this Ajpplication (twithout Exhibits) on the
Special Notice List in this case.
.
,
Purstt,sConrt's 'O1R
8.
:,--
-.
ERFiSTABLISANG INTIRIM;FEE
APPLICATION AND EXPENSE REIMBURSEMENT PROREEDURE',which-was :entered
on or about July 26, 2001, the Debtor id authorized to make the payment requested herein
without a firther hearing or order of this Court unless an objection to this Application is
28
WD 07170111-1419903/42/931767v1
--5
I
1
filed with the Court by the.Debtor, the Committee or the United States Trustee and served b3
2
the fifteenth day of the month following the service of this Application. If such an objection
3;
is filed, Debtofis-authorized to pay-thefmouints if any, not subject to the objection. -The
4
Firm is informed and believes that this Cover Sheet Application was mailed by first class
5
mail, postage prepaid, onaor about March 3,1, 2003.
6
7
9.
I
The interim compensation and reimbursement of expenses sought in this
Application is on account and is not final. Upon the conclusion of this case, the Firm will
8 seek fees and reimbursement of the expenses incised for the totality of the services.
-9, ,rendered in the case. Any interim fees or reim cirsement of expenses approved by this Court
10,
and received by the Firm. will be credited against such final fees and expenses as may be
11i
allowed by this Court. t.:
12
v
10.
-
The Firm represents and warrants that its billing practices comply with all
13
Northern District of California Bankruptcy Local Rules and Compensation Guidelines and
14
the Guidelines of the Office of the United States Trustee. Neither the Firm nor any members
15
of the Firm has any agreement or understanding of any kind or nature to divide, pay over or
16
share any portion of the fees or expenses to be awarded to the Firm with any other person or
17
attorney except as among the members and associates of the Firm.
18
19
WHEREFORE, the Firm respectfully requests that the Debtor pay compensation to the Firm
20
as requested herein pursuant to and in accordance with the terms of the 'ORDER
21
ESTABLISHING INTERIM FEE APPLICATION AND EXPENSE REIMBURSEMENT
22
PROCEDURE."
23
Dated: March 31, 2003
24
FTI Consulting Inc.
By:i
Thomas E. Lumsden,
Senior Managing Director
26
27
28
WD 071701/1-1419903/42/931767/vl
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Exhibit 1
.
r.nnSummary of Time By Professional
>-*--
i-.i. .Forthe Period.February-1;',2003 Through February 28, 2003
.
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Billing Rate
Time Total
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Title -
Professional
Huang, Theodore
4
Paraprofessional
Kim, Angela
Kitclti,
jA
rennlfer
b tLursdein', tom
X
Reiss,~eds
lt'ranglg~g6Er
'Sin,Theresa."^'.
f
' 425
$$978
'2.3
ci
Assodate
Totals.
2.3
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$37,191
' -.-
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:k'5.53.
Director
Young, Allison
.S';
-J 695;'rif;laS,1
:*rGst
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107;8 -A
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I55!$42,602
7
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t300 ;,2;0
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$1,23
$4,307
Z
>
$57,475
4.1L300
'5S
78.3
`;tS!Magniredtor~t"
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Neis,-airget'y . '.
-
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c iionsultant
Fee Total
475
121.0
Managing lbirector
Ho, Rocky
..
Gas and Electric
5Pacific
..
425,:t"
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'$1,018
$978
$155,595
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Pacific Gas and Electric
Summary of Time By Task Code
February-i, 2003 through February 28, 2003
Exhibit 2
Task Code
'
i
Issuesj.i
Asset SalesNaluation
S
-
.
'
Time Total
.
.
Bankruptcy Reportinsg/Operations
4.8
$2,006
11.8
$5,420
6.2
Cash Flow Analysis
Claims Analysis
Fee Total
$2,905
26.9
$12,809
31.0
$11,540D
0.2
$119
117.4
$59,674
DWR Contracts/Analy sis
42.0
$16,341
Fee Application
10.7'
$2,005
4.5
$1,653
Financial Statement Mlodeling
33.6-
$12,046
Financial Statements
'18.0
$9,675
11.5
$6,187
0.3
$104
77.8
$5,653
12.7
$7,461
40S.4
$155,595
-4.
CPUC- Review
CPUCIOCC Plan of Re organization
r-
F
.-
Debtor Plan of Reorgainization
FERC Review
General Committee Maitters
:
Legislative Review
Professional Compenis ;ationi Matters,
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Page I of I
Exhibit 2-1
PacifciGas ahidE) tric Timq Reporting
-Detail
PX
Februar1,
i.
Date
Professjonal
Hours Billing Rate Fees
Description, ,
Asset Sales/Valuation Issues
Task Code:
;
Repoitingby Task Code
O4 through February28,2003
-.
,
Lumsden, Tom
2/17/2003
4.. .
1.4
$595
$833.00
Review updates of utility transactions to assess
impact on TEL testimony on PG&E valuation. $833.00
SubTotal:, Lumsden, Tom
W
.
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I,
,1
eM
Neis, Margery
2
2112/2003
Neis, Margery
2/14/2003
1
$345
$310.50
Update valuation analysis
2.5
$345
$862.50
Research multiples valuation
.'iV
S 4;,,,
SubTotal:
0.9
Neis, Margery
i.~
Total: Asset Sales/Valuatlon Issue
Task Cqde:
3.4
$1,173.00
4.8
$2,006.00
I
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Bankruptcy Reporting/Operations
2/3/2003
Ho, Rocky,
2'1
$475
$997.50
2/512003
Ho, Rocky
tp
$475
$665.00
Review and analyze debtor's opposition to motion by
city doAfascaddro for relief from automatic stay and
supporting declarations/ exhibits.
-
$1,235.00
Review and analyze notice of motion and motion for
authority to incur post-petition secured debt in
coninectrin with natural gas transportation agreement
with PG&E Gas Transmission and various supporting
documents.
,. t .
,
.
-_
.
,'
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--
2/10/2003
Review and analyze notice of motion for authority to
Incur Lease Extension Fees and supporting
documentation.
`* '
;
.
W.-...
Ho. Rocky
S:-.,
; A, . - .
-26 _ --_$475 _
Ho, Rocky
2114/2003
1.1
$475
$522.50
Review and analyze debtors 4th motion to incur
misc implementation expenses.
Ho, Rocky
2/18/2003
1.4
$475
$665.00
Review and analyze motion to the termination
agreement between East Bay Municipal Utility
District and PG&E memorandum of points and
authorities In support thereof.
Ho, Rocky
2/26/2003
1.3
$475
$617.50
Review and analyze PG&E 8-K disclosure statement
on its amended plan.
9.9
SubTotal: Ho, Rocky
Huang, Theodore
SubTotal:
2/6/2003
Huang, Theodore
Monday, March 31, 2003-
1.4
. 1
$4,702.50
$300
1.4
$420.00
PG&E - Review news releases regarding Gas
Accord II filing to determine proceeding number and
obtain copy of filing
$420.00
Page
I of
1
Date,v - Houts Billing Pate --Fees
Professional
Professional
Lumsden, .,.
Toni
I I
Date
-
Hours Billing Kate
-
215/2003
i
SubTotal: Lumsden, Toni
$596
0.5
.:-
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- I
Total: Bankruptcy Reporting/Opera
Task Code:
.Description
Descr4ition
Fes
$297.50
- Review
PG&E motion re lease extension re POR
transition costs, email comments to R. Ho
0.5
$297.50
11.8
$5,420.00
Cash Flow Analysis
Ho, Rocky
2/6/2003
0.6
$475
$285.00
Review and analyze Potrero capital expenditure
project.
Ho, Rocky
2111/2003
1.1
$475
$522.50
Review and analyze Potrero-Hunters Point 115 kV
capital expenditure project.
Ho, Rocky
2/18/2003
1.6
$475
' 760.00
Review supporting documents to Potrero-Hunters
Point 115 kV capex project
212 12
2..
$47
2/20/2003
2.,I
$997.50
Review and analyze supporting documentation for
the Potrero-Hunters Point capex project
I
I
Ho, Rocky
Young, Allison
2/26/2003
SubTotal:' Young, Allison
_o
:
Task Code:
0.8
@i:
2II10i03
Ho, Rockxy
2/3/2003
.
.
I
,
Ho, Rocky
Ho, Rockv
$425
*2
.
-
____
$475
$570.00
Review and analyze Moss Landing stipulation.
$475
$522.50
Review and analyze California Regional Water
Quality claim - spoke with debtor (J Bustarude
re:suppoit for settlement.
$475
$855.0O
Review and analyze notice of motion and motion for
an order authorizing compromise of claims of
California Regional Water Quality Control Board.
,.
213/2003
1.1
,
-
,-
1-.8.
Ho, Rocky
21412003
1.4
$475
$665.00
Ho, Rocky
214/2003,
1.1
$475
$522.50
Review and analyze United Rental's stip and
supporting documentation.
-
21512003
,.
Ho, Rocky
Monday, March 31, 2O03P
2/512003
Update PG&E 2003 cash flow projections.
$2,9I00
-
Ho, Rocky
.
$340.00
6.2
1.2
.
2/3/2003
$340.00
6o
1.2
I
$2,565.00
0.8
, Claims Analysis '
Ho, Rk
5.4
S.4
-
,
Cs*
Total: Cash Flow Analysis
.
.,,
.
.,
SubTotal: Ho, Rocky
475
-
16
_.
1.3
Review and analyze with OCC counsel (L Ball / M
Sorochinsky) on various motions 2nd stips up for
hearing.
$475
$760 00
Review and analyze response of Patterson Pass
Wind Farm LLC to debtor's objection to claim No.
8923 and supporting declarations / exhibits.
$475
$617.50
Review and analyze reply of the debtor in support of
the procedural objection to amended claim of Neo
California Power LLC.
,
Page2 of 15
tX
Date
Professional
lozq, Rocky
,
v
,2/5/2003 ,,
-
,0
'
. .Ho'rs Billing R
2.5
£,
5'475
- ~>Description
-teFees
51,187.50
'-T!t
'
; .1A
2/612003
Ho, Rocky
0.7
$475
$332.50
2121/2003
1.6
Ho, Rocky
2/26/2003
1.1 '
and omnibus objections to ISO and generator claims
and various responses from objected parties (Mirant,
Duke Energy, etc .).,,,
Discussion with counsel on various motions
objections;, ,.
.L. b
Ho. Rocky
, Review and analyze notice of omnibus objections
$475
$760.00
Review and analyze Diablo claim settlement with
Dept of T6oidcSubstace Control.
- $475
$522.50'
Review' and analyze the Seerno Claims stipulation
and supporting documents including a conference
,<
':
.; 'liV -' i " 5 ... _1
-
call with Debtor'
Ho, Rocky
2/2612003
1.2
2126/2003
---'212612003
Ho, Rocky
H1
0.7
.2'27'2;
'R
'3.-
Ho, Rocky' ' ':
-
fO
',,
,,
Review arqd
$475
$332.50
Discuss status of various motions with OCC counsel.
$475
$380.00
Review and analyze debtors motion to Incur
additional fees on Plan Implementation Issues.
$475
$807.50
Review and analyze various stips (ISO I RMR
charges, Duke Moss Landing, Southem;,Cal gas,
Ž..
2127/2003
0.8
0U
J'
1.
'.;
Ho, Rocky
212712003
-1e.3.
Ho, Rocky
2127/2003
i.
.
.J
21
Ho, Rocky
V/28J2003
Ho, Rocky
2/28/2003
SubTobt
faol:boc9
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Lumsden,,Tom".-,
SubToial.'
..
SubTotaih
Lumkden, Tom
2127/203
Reiss,;Freddie
_'.'.
SubTotal:
_, '
::
Nels,-Wia&,y¢.
$617.50,
Review and analyze FER~dockets in support of the
Geyser Power stipulation.
$475
$522.50.
$475
'.
-
-$902.50 * Review and analyze ex parte application for order
authorizing comprorpise-of claims of CAlifornia
Department 6ofToxic Substances Control and
supporting affidavits I documentation.
$332.50
0.35
$595
Reiss, Freddie
$178.50
0.5
$345
$172.50
$297.50
-
,
.
Monday, March 31,2003
*
,
Review trial update on claims estimation updates.
'f
$297.50
0.5
,.
-,
Review Reliability Must Run CAISO tariff
methodology for Geysers power plant claim.
$172.50
$595
0,;
Review details'of claims update and pass thru claims
$178.50
0.3
;
0.5
.,
Review and analyze Des Michael Carey claim.
$12 160.00
z;
Fr .
Review and analyze stipulation regarding allowance
of claim of Des Michael Carey.'
.'
',2f54093,
r
'Rei
ts
-
$475
., F ;t
2/52003'..
Neis, Margery
Review and analyze Geyser Power Co. stip.
.2.
IJ>
~ I 3s
$380.00
^-- S-475 -
0.7
*
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9t e
$475
,- , CV'
-.- 475-
.
1.9
, Z
rialyzp Geyser Power stipulation.
%
others).
Ho, Rocky
-
-
2127/Z0i03 -'17
' tj
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$570.00
r$475
.:.
Ho, Rocky
s
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\
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,Page3 of .'S,:,>
Dalte
Professional
tIHours Billing Riiet
- -
Total: ClaimsAnalysis
-,Fees
. " 26.9
Description
S12,808 50
CPUC Review
Task Code:
Ho, Rocky
* 2/6/2003
0.8
$475
$380 00
Review summary draft proceedirigs re:CPUC hearing
on the Joint POR Plan.
Ho, Rocky
2/14/2003 '
0?/
$475
$332.50
Review and monitor recent CPUC activities.
Ho, Rocky
211812003
.1.a
$475
$855,00
Review and analyze the California Energy
Commission - IOU Retail Electricity Price Outlook
2003 - 2013.
Ho, Rocky
2124/2003
0.7
$475
^!:332.5:'
--
RZ AYACVi2.nd analyie :ecent CPUC pronouncements
on various issues.
subTotal: Ho,Rodoy
-:
..
-
*
-
4
t
.
I-,
-
4
$1,900.00
-;
Lumsden, Tom
211012003
0.2
$595
$119.00
Review email on CPUC matters re PG&E rate
proceeding,.-,
Lumsden, Tom
211112003
0.4
$595
$238.00
Review emails re CPUC activities affecting PG&E
7/2003
0.7
$595
$416.50
Review CPUC hearing summaries re DWR revenue
requirements as It affects PG&E
Lumsdcen, Tomni1
,,
.-.
.
.-
t
,-
SubTotal: Lumsden, 'ToI'
Neis, Margery
2/412003
-
-
Neis, Margery
.
.
.. 4
_
21712003
SubTotal:- NVeis, .l4argery
Monday, March 31, 2003
$828.00
Review CPUC filings
143
$345
$483 00
Look for information on Gas Accord 11filing by PG&E
at the CPUC.
-4.3
S345
$1,453.50
Review CPUC filings in several proceedings
affecting PG&E, I.e., procurement, rate increase,
departing load. Review relevant state legislation.
Review California Energy Commission report on
utility rates.
2/2512003
2.1
.$345 .
$724.50
Recreate ORA'S allocation methodology (foi DWR
long-term energy contract allocation) in Excel to
understand and apply the methodology to FTI
contract model. -
27. 0 .
212712003 -
2.6
2.6
$345
$897 00
Download and review CPUC filings.
212G12CC3-
2I .
Nels;Margery .
$345
Review CPUC filings/decisions
2/1112003
,
Type of notes of previous day's evidentiary hearing.
$345 00
Neis, Margery
,Neis, Margery
$2,035 50
$345
2/1012003
--
$345
#, , t _
2.4
1,
1
Neis, Margery
Neis, Margery
Attend CPUC hearing on implications of TURN
pr3oposal on PG&E POR.
-
5.9
-
2/02003
* Marger
4
$2,070.00
$345
*
2/5/2003
-
N
6
,.-?
,
Neis, Margery
$773.50
1.3
-
34
0
,
.I -25s7
$8,866.50
Prge4 of 15
- w
; .-,
Date- ,,<,z/lou
;JIours
Date
Professional
Professional
Billbqg fflre. ,es
Billing 1?a(e Fees
,..
-. .
_
_
_
. *. 228/2093 *,-, 0.2
Lumsden, Tom
(
,: ,;-
1(,t, -I",
Task Code::s .- DejbtorPlan of.ARerganiatiqn
2/612003 C
Ho, Rocky
i ctr,
Ho, Rocky
-
-
'I,
I
Ho, Rocky
-. Q'8
rI
,
.
L
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.
. v
$475
$380.00
Review and analyze CPVCniotion for discovery.
$475
$522.50
$
.
Review and analyze Harris testimony.
aC
rtI aennc at confimat ion h1earing
2/10/2003
f2- 03-
1.1
I -1.
2/11112003;i
.
$475
S570.00
Partial attendance at confirmation hearings.
* ei,,
1A
$475
$665.00
,..G;
-, I .!s.
I%
,; r -L- ,
Review and analyze debtor's plan Issues re:NOP
matters arnd varjoul assignment desIgnations,
'J, '
;
I
.
1i \!J- )3r*
I
Ho, Rocky
-2/11t/2603
Ho, Rocky
2/12/2003
, i..
)(,
:1(J -. I, -'
'n
2/11112003
! i
I,
$$119.00 1
.
Ho, Rocky
..
$119.00 ,. ,
.
__
\
.,
,Review PG&E plan schedule, CPUC testimony
schedule, disclosures In 10K and S&P conditions.
.$119.00
(, , ;95
',,,
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I
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SubTotal: -Lumsdon, Tomr
JTotalC
,
.
_
CPUC/OCC Plan of Reorganization
Task Code:
I.
11.
.
Description
$11,540.00
31
, q
Total: CPUCReview
r,seDescription
.
jl
1.1
*,
i-la;
?
$475
i.';t4'
-
;
.S7
- -. ;t I
$665.0
Revie an analyztesioyofJmsHarsI
$66S.00
Review and analyze testimony of James Harris In
,
opposition to the PG&E-Plan.
$522.50
Review and analyze Kuga report prior to hearing.
\,
Review and analyze - attend PGE Plan confirmation
hearing - Roy Kuga testifying.
$475
$3,087.50
1.6
$475
$760.00
C.. I
4.2
$475
$1,995.00
1.7
- $475
$807.50
.-w.
Review and analyze Kuga Issues - PSA, master
separation matters, etc.
$475
$712.50
Review and analyze draft letter I terms provided by
PG&E Corp toS&P re:revised financial structure of
plan.
$475
$1,187.50
2/18/2003; r-A-2V
S475:
$570.00
Review and analyie PG&E filed modifications to the
Plan. _
Ho, Rocky
21812003iIc.i7
$475
$332.50
Review and analyze draft NRC order denying NCPA I
TANC positions on antitrust concerns and operating
matters re: tiansfer of assets to Gen. --. .
-
Ho, Rocky
2/19/2003
$475
$522.50'
Ho, Rocky
'
.. );
.. 2t1 2WO3.-' ;
.' - . 2. ,8 :'o
Ho, Rocky
-
6-6,4
,
S-
2/13t2003
r,
a.
Ho, Rocky
2/13/2003
Ho. Rocky
2114/2003
;,
r
Ho, Rocky
1l1
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2118/2003
Ho,
Ho, Rocky
.*
OUf'*
-Rc
-.
,, 4
2/803*'
'
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-
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1.5
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.
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'
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,
,
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Review and analyze debtors PSA / bilateral
arrangements - re:dispatch issues.
I
I
Partial attendance to review Kuga cross examination.
Review and analyze PG&E's amended projected
financials with revised capital structure.
-tReview
and analyze 2112/03 projections 1a-
Reorganized debtor.
Monday, March 31, 2003
Alk~e 5 of l 5
.
.
Professional
Date
Ho, Rocky
Hours Billing Rate -Fees
2/1192033
- , ' 3.4
,-.
Ho, Rocky '
;i
$475
. ..
Description
$s,865 00
Review and analyze plan changes for PGE submitted
as of 2112/03 to original filed Plan.
$1,187.50
Review and analyze 2/12/03 version of PG&E plan
projections for Gtrans, Gen and Etrans.
2119r2003-
2.5
Ho, Rocky
2/19/2003 -
1.7
$475
'$807.50
Review summary finandal analysis of revised PGE POR.
Ho, Rocky
2,'20/2003
2.1
$475.
$997.50
Review and analyze notice of fourth motion fo,
authority to incur miscellaneous implementation
expenses.
Ho, Rocky
*2/012003
-2.5
$47s
$1,187.50
Ho, Rocky
2J20/2603
,
*$475
$475
'
.,
Ho, Rocky
1.2
-
.
Ho. Rocky
Ho, Rocky
.
1.4
0
2.
2/21/2003
2.1
2/2412003
Ho, Rocky
.2/24P20133
.
Review and analyze April POR changes - DWR
allocations.
$475
$475
$665.00
Review and analyze draft analysis of April POR to
Feb 2003 FOR,, -
$475
$997.50
$475
4.1
.
$570.00
Review and analyze PG&E projections (as of
2/1,1303).
Ho, Rocky
.
$475
,
sT
2/21/2003
2/
; .,
Review and analyze credit report issued by S&P
re.PGE Plan disaggregatlon.
a,
2/21/2003
;
.4i,:00
Review and analyze draft of summary changes
between PG&Es original POR to its revised version.
1.1
$1,947.50
$522.50
*
-
Review and organize Amended PGE POR dated
2/24103.
Review and analyze draft market capitalization
issues with revised POR.
. .,
Ho, Rocky.
$475
$997.50
Review and analyze PG&E Corp Credit Agreement
re.Lehman CP.
$475-.
U9250
R6view and arllyze term sheet of proposed
securities of revised PG&E POR.
Ho, Rocky
2/2512nC3:
H-4o,
Rocky,
* 2/25/2003
Ho, Rocky
2/26/2003
1.4
£475,
$665.00
Review and analyze PG&E amended POR.
Ho, Rocky
2/26/2003
1.5
$475
$712.50
Review and analyze PG&E Corp's credit agreement.
Ho, Rocky
2/27/2003
08
$475
$380 00
Review draft timetable ruling in the status hearing,
disclosure issues.
Ho, Rocky
'212&/2003
1.1-
$475
$522 50
Review and analyze gas supply issues.
SubTotal:
ho, Rocky
Kitchin, Jennifer
SubTotal:
a1.1'<
;
(18
'
-
212112003
2.3
Monday, March 31, 2003
2/6/2003
%P.0.00
59.9
0.6
Review and arnJyr0 PGE Corp cap structure.
$28,45250
$425
$977.50
2.3
Kitchin, Jennifer
Lumsden, Tom
a
Review financial structure analysis for new PG&E
plan$977.50
$595
$357.00
Review status of POR confirmaton trial, PG&E
reports and strategy.
Page 6 of 15 -
S.
1Pate~; ^.l.,ours Billing Ratf, Fees
Professional
,
,
LumsdenTon,
21712003
,.
I
^ LumsdenTom.
s
n
.>Descriptiotn
Review reports filed by PG&E financial experts re
Debtor POR for confirmation trial.
$.S952.00
$1 547.00
e'articipate.4n PG&E confirmation trial,.review
financial expert reports.
$1, 904.00
Ppirtlcipate in PG&E POR confirmation trial, review J.
Harris report. Assist counsel.
3
I- $595
$1,785.00
-
Attend confirmation hearing on PG&E POR, review
Seneca report and provide comments and
assessment to counsel.
ca
3*-i'I..2 :.:
Wj'.2,
0.3.45
2.1;,
,,2/1/200,3
$595
$2,023 00
Attend Court treal on PG&E POR confirmation, review
Seneca expert report.
r$5,9 5
$357.00
Review PGf trial summaries.
$595
$416.50
Review PG&E documents re motions and
2/11/2003
,
o
Lusen
Tom
Lumsden,
,, ,
2/183/2003.-...,
,1.
_
Lumsden, Tom
.2
.-..,2/1P/22003; ,
f .m
l
Lumsden, To
,
2.4
*2/1012003
Lumsden, Tom,
Z,$sqq
.1.6
"I
..
.
0.7
2/17/2003
Lumsden, Tom
declaratoFis to req4uest additional plan; "
evt.'
*'.
implementation expense. Summarize costs for
Committee.
-
.
J, J ' ta^s'9v'
}
-.
f
o-:,r.^
*
*'2'
Lumsden, Tom
2/18/2003
1.3
$595
$773.50
Lumsden, Tom
2/18/2003
^-.7
'$595
$1,011.50
Review PG&E materials on Exhibit C update and
S&P letters.
Participate in PG&E confirmation hearing, Kosturas
testimony on PG&E solvency and dividend
payments.E:
.l'
S
j
.'*
. . -2/19/2003'r
Lumsden, Tom
':4t 'il;
*
R-
'
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-'
:: Y3'2/19?2203'x.-
Lumsdeo.,Torn"'.,.
Lumsden' Torm
:
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.
la~ :j
C;.'
.
Lumsden, Tom
2/20/2003
Lumsden, Tom
2/20/2003
Lumsden. Tom
2/21/2003
a
32
Monday, March 31, 2003.
..*
t.-
Lt.1
:-i
$53.50
Review S&'etfer ard conditions, review exhibit C
updates
$595
$773.50
c *,
Review exhibit C operating assumptions and
compare to priortplan. and UBS models.
$595
$1,011.50
0.7
$1,130.50
',-$9
-
-
$595
$476.00
$595
$416.50
-!
.
,
Prepare analysis of old vs new Exhibit C numbers
and summarize for Committee conference call.
--
-
=
0.8-
Review press reports from PG&E on POR changes.
evaluate Parent financial position re same.
-
1.7
.
$S78.50
'b
1.3
2/19/2003
Lumsden, Tom
Review email bh PG&E POR changes and on NRC
decision re Genco.
$59&.
-~
-t,
2/19/2003
$410.50
.
:$595
2
q9'
'.)
Lumsden, Tom
_
0.3
r
85t'['2ist0-
i3|
1 .7
2'vt*A
'
Participate In PG&E confirmation trial re disclosure of
modificattohs§ td PG&E plan re Parent Equity
contribution and shift to secured debt In newcos.
C.*i
e v~l.ft& *lus-
.,'
$892.50
$595
1.5
2/18/2003
Lumsden,.Tom
^-
Perform detailed review of Exhibit C schedules
"-'
.
Identifying POR cliinges.
:.
I..;
''vt
.__Ii
<,a
$535.50
$595
0.9
2/18/2003
Lumsden. Tom
n
..
S&P measurement
Review S&P letter, Exhibit -Cand
criteria for investment grade fating, assess riskZ level
and correlation of S&P letter comments with numeric
scoring.
Review and edit summary of Exhibit C changes for
distribution to Committee.
,
Analyze PG&E Exhibit C projections for equity
Investment by parent for market feasibility and
n . -- dilution at parent level.
Page 7oflS
I
Professional
A
Date
- S ours BillingRate
2/24/2003
Lumsden, Tom
A
A
Fees
IIDescription -
0.4
$59 5
$238.00
Review PG&E parent analysis and disclosure
terms of parent debt as they may affect POR
funding.
AI
Aon
Lumsden, Tom
2/25/2003
1.3
$59!5
$773.50
Perform additional review of Exhibit C materials for
discussion with Committee.
Lumsden, Tom
2126/2003 - '
08
$59! 5
$476.00
Review classification of S&P letter for preparation for
Committee conference call.
Lumsden, Tom
2/2612003
1
$59!
$595.00
Review comparison of S&P letter conditions for
PG&E with that provided to UBS/CPUC. Summarize
and assess differences.
2/2712003
- 03
$595
$178.50
Discuss trial schedule and discovery with objectors.
2/27/2003
3.1
$595
Lumstien, Torn
-
Lumsden, Tom
.
I
I
I-,
S1g
$1,844.50
.
*
IA
SubTotal: Lumsden, ToM
1
.
~
Attend PG&E status conference on confirmation
hearing trial scheduling, discovery, deposition
schedules.
$21,59a50
.~
. .3
3.3
Neis, Margery
2/14/2003
Nels, Margery
Neis, Margery
$172.50
0.5
5345
21 i 8/2003A
4.3
$345 ;
$1,483 50
Review and analyze variances in PG&E's new POR.
?J19i20t31
5.6
$345
$1.972.00
Continue to review PG&E's new POR numbers.
--
SubTotal: Nels, Margery
10.4
- Review Milbank memos on plan modifications
$3,588.00
Reiss, Freddie
I2119/2003
0.7
$595
$416.50
-
Read pleadings regarding plan implementation
expenses.
Reiss, Freddie
22124/2003
1
$595
$595 00
Update regarding S&P rating and changes in plan.
2/25/2003
3.3
$595
$1,963.50
v2
Reiss, Freddie
22/26/2003
,
Read new plan of reorganization.
l595
0.5
$595
Review FTI summary of new plan.
U297.50
A
Reiss, Freddie
212712003
3
$595
SubTotal: Reiss; FredoiO
Total: DebtorPlan ofReorganizatio
Task Code
-
A
.
$1,785.00
A A.
Court hearing regarding changing PG&E plan.
85
$SS,057.50
117.4
$59,674 00
DWR Cor tracts/Analysis
Ho, Rocky
214/2003
Ho, Rocky
Ho, Rocky
Monday, March 31, 2003
08
$475
211112003
08 -
$475
$380 00
2/24/2003
1.1
$475
$522.50
-
S380.00
Review and analyze revised DWR model and
allocation matters.
A
Review and analyze draft DWR allocation analysis,
Review and analyze revised DWR projections and
allocation issues.
Page 8 of 15
-E
.
I-
1t I
.%..Desc
Ho,Rocky
SubTotal:
*
)
; -
r-
~
-wre
~~-
~
-
.-
;
--
r
Lumsden, Torm
.
.tF
r -
-
*
.,, ...
Lumsdefi Totn
-
-
.
/
\9':
*':-
/
0.5
$595
$297.50
Review DWR calculations and Impact on PG&E plan
cash flows *
$595
$952.00
Review and edit models of DWR revenue
requirements and contract calculations prepared by
M. Neis, analyze changes from prior analysis and
impact on cash flow of Joint plan.
$1,07-1.00
Review DWR rpodel and cost components of
revenue requfIereents, correlate with CPUC hearing
testimony and rulings,
r.,
.J
-...
*
,
.4v-
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Vi
.
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-
; .:-
4,I
* .'
.
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$3,570.00
6
Lumsden, Tom
1:-
VI-
.
I
Review updates to DWR models for additional
settlements and contract modifications announced by
DWR, assess impact an cash flow, Compare 20032007 numbers to P6&t plan.- '
$833.00
$595
1C *f.4
',t-2/26/2003
.
SubTotal:
Review DWR materials on rework of estimated power
purchase pEosts adjusted for settlements.
i%
1_a
,':
$416.50
-
,
, 3 ;.,
24 20
2
$595
1.6
0
,>D,escriprin...
0.7
I
*-
*
<,
$1,282.50
t
2117/2003
Lumsden. Tom
,w- o,_
C,
-'
&
2114/2003
Lumsden, Tom
ees
2.7
2111/2003
Lumsden, Tom
-~
BIing Rate,
H
Date
Professional
3,45
$2,TA4.50
Update DWR Long-term energy contract model with
renegotiated contracts.
$346I.
$1,207.50
Update DWR long-term energy contfact model -'do
some scenario analysis with gas price forecasts.
$345
$1,242.00
Review renegotiated Williams contracL Update
DWR long-term energy contract model.
120 35
1 03
- $345
$1,207.50
Update DWR numbers and summarize for team.
.Calculate effect of Allegheny contract
Neis, Margery
2112/2003 -
333
$345
$1,138.50
Review renegotiated Williams conitract and gas
contracts
Neis, Margery
211312003
1.5
$345
$517.50
DWR contracts review
Nels, Margery
2/2412003
0.5
$345
$172.50
Review DWR payment estimates.
3.5
$345
$1,207.50
Review DWR payment estimate assumptions compare to previous estimates in Join plan -and t
PG&E plan. Reviewfootnotes. Research CPUC
decisions and draft decisions, especially relating to
,
lbond revenue .reqire yent for CDWR.
5
$345
$1,725.00
DWR payment estimates - change presentation and
edit fo6tn6tes -update'spot price 'assumptions,
allocaton medthdodog . power charges as amended
by recent CPUCdecisions.
Nels, Margery
Z
Neis, Margery
Nels,
Margery,
2/12003
81
216/2003o
3.6-S'
---
2/020
2
Neis, Margery
.6
.3.6 -
2110/2003
Neis, Margery
,
t,,
,1
' ',! .
;, )
i,
I . ,T,
_1
_.
-
71t
_
I . ,
Marger
Neis, Margery
2/25J2003
Neis, Margery
2126t2003
,
-
Neis, MargerySubTotal:
- ;
Neis;Mar9&ry ' :-
ell,
Monday, March 31, 2003g
. i Ir
..
If
.'
_ 33.3, n
.,
$276.0O
S45'
_" 6
2/2712003
-
.
,
-,.'
6
Make"final edits andnotes to DWR paymcnt
estimates.
5$11,488.50
--
,,t.)
*
I
L
., i
Pag,? ofJS " " -,, -- '.
Professional
Iours Billing Rate
Date-
Fees
Descriftioi
-a-
Total: D
:ConractseApalysias
Task Code:
Fee Applicaticn''
Ho, Rocky
2/2812003
.. I
SubTotal:
0.7
$475
0.7
Ho, Rocky
Kim, Angela
2/27.'2003
SubTotal:
34
2/24/2003
Sin;Theiesa
212512003
Sin, Theresa
2/2612003
.
$185
$166.50
0.5
$185
$92.50
4.1
$185
$758.50
?I28/2003
1.1
Review time detail for Jan. 03
Jan cover letter review.
Review time detail, create cover letter.
$1,017.50
55
Young, Allison
Work on January fee application. Edit cover sheet
and time detaii and bring to court for filing.
$187.00
0.9
Sin, Theresa
SubTotal:
$187.00
3.4
Sin, Theresa
Review .lanuary cover letter application.
$332.50
$55
Kim, Angela
SubTotal:
$332.50
$425
$467.50
Review January cover letter application.
1.1
$467.50
10.7
$Z 004.50
Young, Allison
I
Total: Fee Applicabton
Task Code:
FERC Re view
Lumsden, Tom
2/28/2003
< C'4
SubTotal: Lumsden, Tom
$595
$238.00
-
0.4
Review Westar ana FERC Sec 2C4 utility debt
provi-ifons for PG&E
$238.00
-
Neis, Margery
211812003,
2 8
$345
$953.CO
Review T06 transmission tariff filing - Part,NI,
Neis, Margery
2/18200,3
I.0 .3
$3A5
$103 50
Review Milbankmemo on Nuclear Regulatory
Commission proceeding in generation bilateral
agreement
Neis, Margery
2/2'/2203
1
$345
$345.00
Do a FERC FERRIS search engine search for order
relating to new debt affiliate rules.
SubTotal:
Total:
Neis, Margery
FERCReview
Task Code:
4.1
$1,414.50
4.5
$1,652.50
Finan4-ial Statemenit Modeling
x
Monday, March 31, 2003
Pange IO of 15
Professional
Hours Billing Rate ,.Fees
Date.
Huang, Theodore
215/2003
2.7 -
$300
$810.00
.'
SubTotal:
SubTotal:
-2f25/2003
'
-
-
2.1--
,
Margery 2117200
'3l
2117/2003
$345
$1,380.00
-$345
$724.50
6.5
$345
6.5
$345
IC'.
Neis, Margery
-. ,
_ .
21201/2003
2
2121/2003
-
r.
$345
2:3
$690.00
S345
-
ReviewGRC, Gas Accord II, T06 filings to model
future rates.
cc;.\,"
24i2003
5.1
$345
$1,759.50
Neis, Margery
2/2812003
6.6
$345
$2,277.00
Total:'-
1ancialSt{ateiltModbGln .:-
*
'
_
.i ,,
1
r;'.
-
-
',
Quality check of variance analysis, tic and tie.
I
,
S.
;
.,
.
.
Plan of reorganization - tic and tie - set up variance
analysis and credit rating Fnalysis.
,
-'
POR variance analysis ...2124/03 version to 2/23/03
version. Exhibit C-i to Exhibit C-2; explain
- variances. April version to February (2124/03)
veiston'.
$9,867.00
28.6
S
PG&EPOR
$793.50
Neis, Margery
Neis. MargeY
_.-
Review GRC, Gas Accord II, and T06 filings to
model future rates of PG&E.
ts t
SubTotal:
,
Model 2003 projected results - seek 2003 GRC filing
ldocumen ts forIn!frmaion relat ing t o performance of
bushness. Sta~rtto 'review T06 filing,({rariisrnission
revenue requirement).
. -.
.
:
,', . ,
Add credit rating analysis to variance analysis of
.,
Neis, Margery
,
Review terms of S&P conditions and application to
financial models and measurements.
S,
$2,242.50
ve. t
+-3 . * . .
il-
$1,368.50
4
u-
2/1412003 - -
Neis, Margery
$1;368.50
23
2/13/2003 .
Neis, Margery
$810.00-I.-
S595
_
Lumsden, Tom
Neis, Margery-.
'-2.3
escription
PG&E- Review General Rate Casemodelto.
understand rate 'sructure and related assumptions
for'revisions to model.
.
2.7
Huang, Theodore
LumsdenTomn
,. '
;
.
$1ZO45.50
?33.6,'
t
.1
._
Task Code:
Ho, Rocky
Ho, Rocky,,
'
-
-.
Ho, Rocky
SubTotal:
-j
!
Financial Statements_
V-
-
'
HO, ho(4kj6
Lumsden, Tom
2/27/2003
J
I4 *
Monday, March 31, 2003P
$665.i0
Review and ana1yze PGE 2002 - 10K.
Review and onalyze 'Q4 financial results,'presented
by debtor.
'22712003-"-
M-A -
'$475'
$665.00
2/2812003
2.7
$475
$1,282.50
;
:
212612003
07
212712003
2.4
Review and anp"yedebtors 1OK
$2,612.50
5.5
T2
Lumsden, Tom
.7A!
$595
$416.50
$-;
$595 '
$1,428.00
Review PG&E 8K filing on POR changes and Parent
funding Issues.
-. . "
Review PG&E SEC form 1OK for 2002, and exhibits
, andcredlitagreementsfiled wth same.
-- ,
Page 11 of IS
Prof.qssional
Prfssoa
Date -'
D.l
Hours Billing Ri7te I Fees
Hor
iln
e
Description
Fe
ecito
Lumsden, Tom
2127/2003
0.9
$595
$535 50
Listen to PG&E earnings call with analysts on 4th
quarter results, utility and NEG.
Lumsden, Tom
2/2712003-
1.1
$595
$654 50
Review PG&E 4th quarter press release and
summary financial figures.
Lumsden, Tom
2/2812003
1.7
$595
$1,011.50
Lumsden, Tom
2i28/2003
0.7
$595
$416.50
Review PG&E form 10K MD&A and audit opinions
Lumsden, Tom
212812003
0.5
$595
$297.50
Review PG&E SERP buyouts, accounting treatment
and cash impact.
SubTotal:
Lumsden, Tom
Neis, Margery
212712003
1.5
SubTotal: Neis, Margepy
i
Reiss, Freddie
212612003
1.2
Reiss, Freddie
2128/2003
1.8
$4,760.00
8
-
$345
$517.50
PG&E earnings call
$517.50
1.5
-
Review PG&E form 10K audited financials.
$595
$714 00
$595
$1,071.03
Review 8K.
Initial review of 1OK.
SubTotal: Reiss, Freddie
3
$,785 00
Total: FinancialStatements
18
$9,675.00
Task Code:
General Committee Matters
Ho. Rocky
211112003
1.3
$475
$617.50
Review various committee correspondence including
court's decsion on exclusivity, plan re-solicitatifi and
others.
Ho, Rocky
22012003
0.3
$475
SO.6000
Respond to various committee correspondence
re.PGE revised financial projections.
Ho. Rocky
2125/2003
1.5
$475
$712 50
Review and analyze / comment on issues related to
revised PG&E POR in preparation for tomorrow's
committee call.
Ho, Rock/
2126/2003
1.3
$475
$617.50
Partial attendance on committee call re:updated
POR financial projections.
SubTotal:
49
Ho, Rocky
:1612003
Lurnsden, Tom
Lurnsden, Tom
-
Lumsden, Tom
Monday, March 31, 2003
$2,327.50
1.7
$595
$1,011 50
2(25/2003
0.8
$595
$476.00
2/26/2003
2.2
$595
$1,309 00
-
Review update and report for Committee on PG&E
cash, POR costs and claim status.
Draft outline of points to cover in scheduled
conference call with Committee on changes to PG&E
POR.
I
Participate in Committee Conference call re New
PG&E Plan, S&P letter and 8K and impact on
creditors and confirmation.
Page12 of IS
Date "Hours
Professional
.,'~
l.E
.
'j
SubTotal: Reiss, .reidie
&)
f7
.
SubTotal:
,z
$425
0.4
r $170.00
2/24/2003r' ;
$170.00
11.5
$6,186.50
$345
t.'3
~ ~:~f
r r
'a.3 9't
SubTotal: Ho, Rocky
2161
,
Kim, Angela
¾
.
-
--
--
$760.00 * Review and analyze UST report on professional fees
for the fifth interim fee application period...
4:760.00
-8
.*'
;. -
$
Begin summary and analysis of other professionals
fee application for OCC.
456
$34t.00
Work on summrnry and analysis of other professional
fee applications for OCC.
20 8.2
$5
$407-00
Work on sumrmay and analysis of other professional
fee application (5th Interim)
8.2
$*5
$451.00
Work on summary and analysis of other
professionals,5thinterim fee application
.S
Kim, Angela
.
.
$115.50
-3 ..*.2
at
.
. ,
--
3$55
" '90
'
- $475
1.6
ng'el',
\T
.
S $ 103.50
-:
.6-
,
-
$103.50
0.3
2t1 1t2003, -
.
Review energy legislailon'-ABtt7
$103.50
Professional Compensation Matters
19m.
status updates on PG&E cases,
,'I
e,
Neis, Margery
Ho, Rocky
.Review
0.4
Legislative Reviewy
Task Code:
5;t*
I
.:
Total: Legislabve Review
Kim, Angela
$892.50
5
Total: GeneralCommittee Matters
Neis, Margery
rrv,, l..
;,
eM.-11'-4t
.
SubTotal: Young. Allison
Task Code:
.
Conference call with committee. .
$892.50
1.5
2/6t2003
Young, Allison
$595
1.5
'$
-
'-I
.2
___5
_____,,___
'
1,-
212612003
Reiss, Freddie
"-"'Description
$2,796.50
.
-*-
'
Fees
4.7
SubTotal: Lumsden, Tom
0--,
*>*-,+
__i_..a.......
Billing Rate
216/2003
,
- ..
,o-
Kim, Angela
2/812003
3.7
$55
$236.50
"
Work on summary and analysis of other
professionals 5th internm fee applicationr
Kim, Angela
219/2003
3.5
$55
$203.50
Work on summary and analysis of other professional
ar
fee applications (review of time detqil)
Kim, Angela
21812003
3.5
S55
$192.50
Work on summary and analysis of other professional
fee. applications (review and scrutiny of time detail)
Kim, Angela
219/2003
$308.00
Work on summary and analysis of other
professionals fifth interim fee application.
_
2, *00
,
,;S
Monday, March 31, 2003
a
.
53.
.
$55
...
J,
i
Page13 of 15
__
Professional
Date
Hours Billing Rate. Fees .
_
_
Description
Description
Kim, Angela
2/11/2003
5.3
$55
$291 50
Review time detail for other professionals fifth
interim fee application in preparation for summary
and analysis.
Kim, Angela
2113/2003
5.9
$55
$324.50
Work on summary and analysis of other professional
fee applications (fifth interim). Go over time detail
for Howard Rice.
Kim, Angela
2114/2003
4.1
$55
$225 50
Work on summary and analysis of other
professionals fifth intenm fee application, look over
time detail for Howard Rice and write summary of
tasks.
Kim, Angela
2/17/2003
-45
$55
$247.50
Summary and analysis of other professional interim
fee applications. Review time detail of Howard Rice.
Kim,'Angela
2/2412003
27
$55
$148.50
Work on summary and analysis of other
professionals Interim fee app. Summary of fees that
relate to objectionable hours.
King. Angela
2/25/2003-
3.6
$55
$198.00
Work on summary and analysis of other professional
fee applications. Summanze objectionable hours
for Howard Rice. * -
Kim, Angela
2126/2003
4.7
$55
$258.50
Work on summary and analysis of other professional
fee applications. Calculate objectionable fees for
fifth interim fee app for Heller Erhman and Cooley
Godward.
Kim, Angela
2/27/2003
3.1
*,$55
$170.50
Finish up analysis of other professional fee
application. Calculate objectionable fees for Cooley
Godward and edit report and tables for summary.
I,
-
SubTotal:
- 1
Kim, Angela
74.9
$4,119.50
Lumsden, Tom
211012003
0.7
$595
$416.50
Review trustee report on fees for fifth interim
applications, summarize comments for Committee.
Lumsden, Tom
2/28/2003
0.6
$595
$357.00
Attend fifth interim compensation hearing and obtain
signed order.
SubTotal:
Lumsden, Tom
Total: ProfessionalCompensation
Task Code:
1.3
$773.50
77.8
$5,653.00
Subcommittee Matters
Ho, Rocky
2/2512003
0.8
SubTotal: Ho, Rocky
$475
$380 00
08
Partial attendance of OCC professional's call
re:PG&E Plan issues in preparation of 2126/03 full
committee call
$380.00
Lumsden, Tom
2111/2003
0.4
$595
$238 00
Telephone call with P. Aronzon re PG&E financial
expert reports and confirmation hearing.
Lumsden, Tom
2/18/2003
04
$595
$238.00
Telephone call with P.Aronzon re Parent equity
issuance in modifications to PG&E Plan
Afonday, March 31, 2003
Page 14 of IS
-- I
a:..th
Lumsden Tom
2118/2003
Lumsden, Tom
2/18/2003
0.5
u,
Lumrsden,To'
-
A>';
'2/21/.2003'-
t,''n
*;)i.f5 .l
. :'
'urumsden,Tom
$238.00
Telephone call with J. Wilson re PG&E plan changes
and financial jmpact.
$595
$1,904.00
Meet with J. Wilson to evaluate feasibility of Parent
equity funding, impact on market price and dilution,
Impact of parent debt outstanding and restrictions,
calculation of implied Market value and price.
$595
$535.50
Telephone call with P. Aronzon re PG&E strategy for
plan confirmation, workplan for analysis.
rqcommendptiops to Committee. ,,
$595
$1,249.50
Review PG&E POR amendments and telephone call
with J. Wilson to rpview comments and impact on
/
-4
;analysis.-
$595
$595.00
Participate In conference call with Milbank, Saybrook
and FTi professLonals re assessment of PGE Plan
.-
.
^'
1. Z ',IC
4;
' ._M-
I,
dt5/20d3
*'-
.1 *8- .
- rs.o
SubTotal:
21
2J24/2003'
-q
Lumsden, Tom
r'
.
i
'
..:r.2
.r
tDnv
*-'
Z/2
$5,295.50
8.9
c..
$' -.59
*3 @
;' .:- -
S595
f.ES
;_-2/1P/i2003* ''J,
Reiss, Freddie
Update with memo's from Milbank Tweed and call to
P. Aronzon (Milbank) to discuss debtor's plan
amendments.
$1,071.00
Cab with committee professionals.
$297.50
25/003
*
2/26/2003
,0.2
$595
$119 00, ,
Reiss, Freddie
2127/2003
0.5
$595
S
$297.50
.
I
Call with counsel for committee.8.4,
Reiss, Freddie
r`'J
2 , _
SubTotal: C_ 1)
.14'
,I. Etj- r .tI..4* ~,Z ,_-
.
r
-f T
'
4
,&;>" ;f -
ilf&Jdie ,
.-r .t
r: .....t^
vs-jx s;.: h¢
12.c. ,:4 1t2.7
2
. jil
.1
-
i,'
1
J .,
-
rrr
'
-'
I
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I
t .
I
_-,,
f
*_, ." ,;"*. -, .
A,'
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.,,
".
.
.
,
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.
.
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J
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.
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:
Monday, M'arch 31, 2003
'
I
.
:' . I
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,
.,
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I
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.
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:~
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,
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1.
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,-
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E $1f5,594.50s
409.4
,
I,
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Q. C.."
Total Project:
Update with counsel.
.. £94 $1,785.00
$7,460.50
1,4.lvI
Total: Subcommittee Matters
'~pa
changes.-
g
*l'; i-
Lumlsdenl, Tom
Reiss, ....... I
Reiss, Freddie',
..
$595
2n4i2003
'Tomr
q
..
Telephone call with P. Aronzon re PG&E plan
changes and'S&P letter conditions.
G: .- :9
Lumsden
k
< ''
i:
; -t
-
ecilo
$297.50
3.2
.-
esc1
I A I
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, $595
'
16.u04
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pate
Professional
R
Bln
r
.
Page 75 of Sl
'
.
I.
-
Exhibit 2-2
Paciflc Gas and Electric
DetailofExpenses
I
FebruaryI, 2003 thiirough February28, 2003
.-
'Date
Name
Category
Amount Description
Lumsden, Thomas
2/1112003 ,- Sundry
$96.90
Cell phore charge for PG&E.
Pitney Bowes
913/2002
Sundry
$1,301.50
Postage - Pitney Bowes Management
Services
Young, Allison
2/19/2003
Sundry
$128 07
Postage - PItney Bowes Management
-Services January 2003 Fee
Application.
Young, Allison
2/23/2003
Sundry
$11.70
January cell phone charges.
.,
..
. .1 ,
$1,537.27
I
.,
..
,. ,
.
.
I
19>11W.X"-==--~
Munway, MnIUrc
JI,
ZUUJ
PageI of I
I
PROOF OF SERVICE
STATE OF CALIFORNIA,' COUNTY OF SAN FRANCISCO
I am employed ini thelCouinty-of Sah fitancisco; Statfe f California. I am over the age of
18 and not a party to the Dvithin acqton; my business addresseis 199 Fremont Street, San Francisco, ,,
:........
California
.-
AGs
- _
_
*- *
*
.
-
* On March 31, 2003, I served on the parties listed~on the attached Service L]st, the
,foregoing document(s) described as: 5
FTI CONSULTING INC. COVEI8HEET APPLICATION FOR ALLOWANCE AND
PAYMENTOTF HI R* COMPENSATION AND REIMBU1JREMENT OF EXPENSES FOR
FEBRUARY 1, 2003 ,TO FEBRUARY 28,2003
liy placing the' -original X a true copy thereof enclosed in sealed envelopes addressed as
X
stated on the attached servicplsWE (BY UPS OVERNIGffI)ELIVERY)
X
Following ordinary business practices at the San Francisco office of PricewaterhouseCoopers
LLP, I placed the sealed envelope(s) for collection and mailing with Federal Express on that same
day. I am readily familiar with the firm's practice for collection and processing of
correspondence for mailing. Under that practice, such correspondence would be deposited with
Federal Express on that same day, with postage thereon fully prepaid at San Francisco,
California, in the ordinary course of business.
(FEDERAL)
I declare that I am employed in the office of a member of the bar of this court at
whose direction the service was made.
Executed on March 31, 2003 San Francisco, California.
/
Angela Kim
Type or Print Name
03131103 2:26 PM
/
/u
Signature
D
-
I
Proof of Service by UPS Next Day Air
James L. Lopes, Esq.
Howard, Rice, Nemerovski, Canady, Falk & Rabkin
Three Embarcadero Center, 7" Floor
San Francisco, CA 94111-4065
[Counsel to Debtor]
Office of the U.S. Trustee
I. Attn: Stephen Johnson
250 Montgomery Street, Suite 1000
* San Francisco, CA 94104-3401
;
Robert Jay Moore
Paul S. Aronzon
Milbank, Tweed, Hadley & McCloy LLP
601 South Figueroa Street,
Los Angeles, CA 90017 [Counsel 'or Official Committee of Unsecured Creditors]
I
, ".
.' -
..
.
I
xor
I
_
I
-
r
as
PROOF OF SERVICE
.
STATE OF CALIFORNIA-, COUNTY OF SAN FRANCISCO
; . * I ain employed in the tounty of San Francisco, State of California. I am over the age of
18 and not a party to the within action; my business address is 199 Fremont Street, San Francisco,
California.
On March 31, 2003, 1 served on the parties listed on the attached Service List, the
foregoing document(s) without exhibits described as:
FTI CONSULTING INC. COVER SHEET APPLICATION FOR ALLOWANCIE AND
PAYMENT OF INTERIM COMPENSATION AND REIMBUSMENT QF EXPENSES FOR,
FEBRUARY 1, 2003 TO FEBRUARY 28, 2003
X
by placing the _ original X a true copy thereof enclosed in sealed envelopes addressed as
stated on the attached service list:
(BY MAIL)
X
Following ordinary business practices at the San Francisco office of PricewaterhouseCoopers
LLP, I placed the sealed envelope(s) for collection and mailing with the United States Postal
Service on that same day. I am readily familiar with the firm's practice for collection and
processing of correspondence for mailing. Under that practice, such correspondence would be
deposited with the United States Postal Service on that same day, with postage thereon fully
prepaid at San Francisco, California, in the ordinary course of business.
(FEDERAL)
I declare that I am employed in the office of a member of the bar of this court at
whose direction the service was made.
Executed on March 31, 2003 San Francisco, California.
Angela Kim
Type or Print Name
03/31/03 2:26 PM
Signature