ML022540383

Howard, Rice, Nemerovski, Canady, Falk & Rabkin Cover Sheet Application for Allowance and Payment of Interim Compensation and Reimbursement of Expenses for July, 2002

ML022540383
Person / Time
Site:	Diablo Canyon
Issue date:	08/30/2002
From:	Lopes J Howard, Rice, Nemerovski, Canady, Falk & Rabkin, Pacific Gas & Electric Co
To:	Office of Nuclear Reactor Regulation, US Federal Judiciary, Bankruptcy Court, Northern District of Ohio
References
01-30923 DM
Download: ML022540383 (5)

Text

2 1 JAMES L. LOPES (No. 63678)

JEFFREY L. SCHAFFER (No. 91404) 2 JANET A. NEXON (No. 104747)

WILLIAM J. LAFFERTY (No. 120814) 3 HOWARD, RICE, NEMEROVSKI, CANADY, FALK & RABKIN 4 A Professional Corporation Three Embarcadero Center, 7th Floor 5 San Francisco, California 94111-4065 -7 5" Telephone: 415/434-1600 3.3 6 Facsimile: 415/217-5910 7 Attorneys for Debtor and Debtor in Possession PACIFIC GAS AND ELECTRIC COMPANY 8

9 UNITED STATES BANKRUPTCY COURT 10 NORTHERN DISTRICT OF CALIFORNIA 11 SAN FRANCISCO DIVISION 12 In re Case No. 01-30923 DM HC.AM 13 R= PACIFIC GAS AND ELECTRIC Chapter 11 Case cu' 14 COMPANY, a California corporation,

• .Jp. 15 Debtor. [NO HEARING REQUESTED]

16 Federal I.D. No. 94-0742640 17 HOWARD, RICE, NEMEROVSKI, CANADY, FALK & RABKIN 18 COVER SHEET APPLICATION FOR ALLOWANCE AND PAYMENT OF INTERIM COMPENSATION 19 AND REIMBURSEMENT OF EXPENSES FOR JULY. 2002 20 Howard, Rice, Nemerovski, Canady, Falk & Rabkin (the "Firm") submits its 21 Cover Sheet Application (the "Application") for Allowance and Payment of Interim 22 Compensation and Reimbursement of Expenses for the Period July 1, 2002 through July 23 31, 2002 (the "Application Period"). In support of the Application, the Firm respectfully 24 represents as follows:

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1. The Firm is counsel to Pacific Gas and Electric Company, the debtor and 26 debtor-in-possession in the above-referenced bankruptcy case (the "Debtor"). The Firm 27 hereby applies to the Court for allowance and payment of interim compensation for services 28 WD 082602/1-1419904/1019109/vI

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1 rendered and reimbursement of expenses incurred during the Application Period.

2 2. The Firm billed a total of $1,419,671.63 in fees and expenses during the 3 Application Period. The total fees represent 5,142 hours0.00164 days <br />0.0394 hours <br />2.347884e-4 weeks <br />5.4031e-5 months <br /> expended during the Application 4 Period. These fees and expenses break down as follows:

5 6 Period Fees Expenses Total 7 July, 2002 $1,367,684.50 $ 51,987.13 $1,419,671.62 8

9 3. Accordingly, the Firm seeks allowance of interim compensation in the total 10 amount of $1,214,518.95 at this time. This total is comprised as follows: $1,162,531.83 11 (85% of the fees for services rendered)' plus $51,987.13 (100% of the expenses incurred).

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4. For the post-petition period, the Firm has been paid to date as follows:

HO.ARD 13 RICE EC"A WN X <14 Application Period Amount Applied For Description Amount Paid NE.- 15 April, 2001 $ 929,737.50 100% of unpaid fees $ 522,147.53 16 100% of fees and May, 2001 $1,573,804.00 100% of expenses $1,573,804.00 17 100% of fees and June, 2001 $1,080,764.49 100% of expenses $1,080,764.49 18 I1NNO/. nf $And 19 I= II 20 21 I Ii 22 I I 23 L 24 'Payment of this amount would result in a "holdback" of $205,152.68.

2The Firm found certain charges that did not comply with the Guidelines, in the 25 amount of $24,035.37, were inadvertently included in Applicant's Cover Sheet Application 26 for July, 2001, as described in its First Interim Application previously filed. The Firm has credited this amount appropriately. Additionally, the Firm had written off an additional 27 $114.00 in fees.

3 The Firm had written off an additional $100.00 in fees.

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1 Application Period Amount Applied For Description Amount Paid 2

November, 2001 $1,024,609.67 100% of fees and $1,024,609.67 of expenses 3 ________________100%

100% of fees and 4 December, 2001 $ 879,188.74 100% of expenses $ 879,188.74 100% of fees and 5 January, 2002 $1,189,708.56 100% of expenses $1,189,708.56 6 February, 2002 $1,011,441.25 100% of fees and $1,011,441.25 100% of expenses 7 March, 2002 $1,173,475.23 100% of fees and $1,157,905.214 8 100% 6f expenses April, 2002 $1,112,336.09 85% of fees and $1,112,336.09 9

100% of expenses 10 May, 2002 $1,192,342.56 85% of fees and $1,192,342.56 11 100% of expenses June,2002 $1,209,762.29 85% of fees and $ -0 12 100% of expenses 13 Total Paid to the $14,703,337.56 RKE NUV 14 Firm to Date $14,703,337.56 M<

,,.,-15

5. To date, the Firm is owed as follows (excluding amounts owed pursuant to 16 this Application):

17 18 Application Period Amount Description 19 April 1 -April 30, 2002 $ 184,093.95 15% fee holdback 20 May 1 -May 31, 2002 $ 197,834.40 15% fee holdback 21 June 1 -June 30, 2002 $1,413,722.69 100% of fees and 100% of 22 expenses Total OwedtoFirmtoDate_$1,795,651.04 23 Total Owed to Firm to Date $1,795,651.04 ____________

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6. With regard to the copies of this Application served on counsel for the 25 Official Committee of Unsecured Creditors (the "Committee"), the Debtor and the Office of 26 27 4The Firm had written off an additional $15,570.02 in fees.

28 WD 082602/1-1419904/1019109/v I 1 the United States Trustee, attached as Exhibit 1 hereto is the name of each professional who 2 performed services in connection with this case during the Application Period and the hourly 3 rate for each such professional; and attached as Exhibit 2 is an Account Summary. The 4 detailed time and expense statements for the Application Period that comply with all 5 Northem District of California Bankruptcy Local Rules and Compensation Guidelines and 6 the Guidelines of the Office of the United States Trustee have been submitted in electronic 7 form to the Office of the United States Trustee and mailed to counsel for the Committee and 8 to the Debtor.

9 7. The Firm is serving a copy of this Application (without Exhibits) on the 10 Special Notice List in this case.

11 8. Pursuant to this Court's "SECOND AMENDED ORDER ESTABLISHING 12 INTERIM FEE APPLICATION AND EXPENSE REIMBURSEMENT PROCEDURE 13 (Revised March, 2002)" (the "Amended Order"), the Debtor is authorized to make the RKIE cm' 14 payment requested herein without a further hearing or order of this Court, unless an 15 objection to this Application is filed with the Court by the Debtor, the Committee or the 16 United States Trustee and served by the fifteenth day of the month following the service of 17 this Application. If such an objection is filed, Debtor is authorized to pay the amounts, if 18 any, not subject to the objection. The Firm is informed and believes that this Cover Sheet 19 Application was mailed by first class mail, postage prepaid, on or about August 30, 2002.

20 9. The interim compensation and reimbursement of expenses sought in this 21 Application is on account and is not final. Upon the conclusion of this case, the Firm will 22 seek fees and reimbursement of the expenses incurred for the totality of the services 23 rendered in the case. Any interim fees or reimbursement of expenses approved by this Court 24 and received by the Firm (along with the Firm's retainer) will be credited against such final 25 fees and expenses as may be allowed by this Court.

26 10. The Firm represents and warrants that its billing practices comply with all 27 Northern District of California Bankruptcy Local Rules and Compensation Guidelines and 28 WD 082602/1-1419904/1019109/vl 1 the Guidelines of the Office of the United States Trustee. 5 Neither the Firm nor any 2 members of the Firm has any agreement or understanding of any kind or nature to divide, 3 pay over or share any portion of the fees or expenses to be awarded to the Firm with any 4 other person or attorney except as among the members and associates of the Firm.

5 WHEREFORE, the Firm respectfully requests that the Debtor pay compensation 6 to the Firm as requested herein pursuant to and in accordance with the terms of the Amended 7 Order.

8 DATED: August 30, 2002 HOWARD, RICE, NEMEROVSKI, CANADY, 9 FALK & RABKIN A Professional Corporation 10 11 By:

12 13 Attorneys for Debtor and Debtor in Possession PACIFIC GAS AND ELECTRIC COMPANY CANWX 14 Bo<

&iRAM~N ANAC-a-o 15 16 17 18 19 20 21 22 23 24 25 26 5As the Firm has informed the Office of the United States Trustee and the Committee, the facsimile charges sought by Applicant deviate slightly from the Court's Guidelines. The 27 Firm intends to provide a full explanation of such deviation and a request for payment of such charges in its next interim fee application to the Court in this case.

28 WD 082602/1-141990411019109/vl