ML022540383
| 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) | |
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- .Jp. 15 16 17 18 19 20 21 22 23 24 25 26 27 28 In re PACIFIC GAS AND ELECTRIC COMPANY, a California corporation, Debtor.
Federal I.D. No. 94-0742640 Case No. 01-30923 DM Chapter 11 Case
[NO HEARING REQUESTED]
HOWARD, RICE, NEMEROVSKI, CANADY, FALK & RABKIN COVER SHEET APPLICATION FOR ALLOWANCE AND PAYMENT OF INTERIM COMPENSATION AND REIMBURSEMENT OF EXPENSES FOR JULY. 2002 Howard, Rice, Nemerovski, Canady, Falk & Rabkin (the "Firm") submits its Cover Sheet Application (the "Application") for Allowance and Payment of Interim Compensation and Reimbursement of Expenses for the Period July 1, 2002 through July 31, 2002 (the "Application Period"). In support of the Application, the Firm respectfully represents as follows:
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The Firm is counsel to Pacific Gas and Electric Company, the debtor and debtor-in-possession in the above-referenced bankruptcy case (the "Debtor"). The Firm hereby applies to the Court for allowance and payment of interim compensation for services WD 082602/1-1419904/1019109/vI
ýr~j06eMo~l &0At ffool JAMES L. LOPES (No. 63678)
JEFFREY L. SCHAFFER (No. 91404)
JANET A. NEXON (No. 104747)
WILLIAM J. LAFFERTY (No. 120814)
HOWARD, RICE, NEMEROVSKI, CANADY, FALK & RABKIN A Professional Corporation Three Embarcadero Center, 7th Floor San Francisco, California 94111-4065
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415/434-1600
3.3 Facsimile
415/217-5910 Attorneys for Debtor and Debtor in Possession PACIFIC GAS AND ELECTRIC COMPANY UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF CALIFORNIA SAN FRANCISCO DIVISION 2
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9 10 11 12 HO.ARD 13 RICE EC"A WN X <14 NE.- 15 16 17 18 19 20 21 22 23 24 25 26 27 28 rendered and reimbursement of expenses incurred during the Application Period.
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The Firm billed a total of $1,419,671.63 in fees and expenses during the 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 Period. These fees and expenses break down as follows:
Period Fees Expenses Total July, 2002
$1,367,684.50 51,987.13
$1,419,671.62
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Accordingly, the Firm seeks allowance of interim compensation in the total amount of $1,214,518.95 at this time. This total is comprised as follows: $1,162,531.83 (85% of the fees for services rendered)' plus $51,987.13 (100% of the expenses incurred).
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For the post-petition period, the Firm has been paid to date as follows:
Application Period Amount Applied For Description Amount Paid April, 2001
$ 929,737.50 100% of unpaid fees
$ 522,147.53 100% of fees and May, 2001
$1,573,804.00 100% of expenses
$1,573,804.00 100% of fees and June, 2001
$1,080,764.49 100% of expenses
$1,080,764.49 I1 NNO/. nf
$And I=
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'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 amount of $24,035.37, were inadvertently included in Applicant's Cover Sheet Application 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
$114.00 in fees.
3The Firm had written off an additional $100.00 in fees.
WD 082602/1-1419904/1019109/vi II Ii I
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,,., -15 16 17 18 19 20 21 22 23 24 25 26 27 28 Application Period Amount Applied For Description Amount Paid November, 2001
$1,024,609.67 100% of fees and
$1,024,609.67
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of expenses 100% of fees and December, 2001
$ 879,188.74 100% of expenses
$ 879,188.74 100% of fees and January, 2002
$1,189,708.56 100% of expenses
$1,189,708.56 February, 2002
$1,011,441.25 100% of fees and
$1,011,441.25 100% of expenses March, 2002
$1,173,475.23 100% of fees and
$1,157,905.214 100% 6f expenses April, 2002
$1,112,336.09 85% of fees and
$1,112,336.09 100% of expenses May, 2002
$1,192,342.56 85% of fees and
$1,192,342.56 100% of expenses June,2002
$1,209,762.29 85% of fees and
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$14,703,337.56 Firm to Date
$14,703,337.56
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To date, the Firm is owed as follows (excluding amounts owed pursuant to this Application):
Application Period Amount Description April 1 -April 30, 2002
$ 184,093.95 15% fee holdback May 1 -May 31, 2002
$ 197,834.40 15% fee holdback June 1 -June 30, 2002
$1,413,722.69 100% of fees and 100% of Total OwedtoFirmtoDate_$1,795,651.04 expenses Total Owed to Firm to Date
$1,795,651.04
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With regard to the copies of this Application served on counsel for the Official Committee of Unsecured Creditors (the "Committee"), the Debtor and the Office of 4The Firm had written off an additional $15,570.02 in fees.
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.
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The Firm is serving a copy of this Application (without Exhibits) on the 10 Special Notice List in this case.
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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.
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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.
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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
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&iRAM~N ANAC-a-o the Guidelines of the Office of the United States Trustee.5 Neither the Firm nor any members of the Firm has any agreement or understanding of any kind or nature to divide, pay over or share any portion of the fees or expenses to be awarded to the Firm with any other person or attorney except as among the members and associates of the Firm.
WHEREFORE, the Firm respectfully requests that the Debtor pay compensation to the Firm as requested herein pursuant to and in accordance with the terms of the Amended Order.
DATED: August 30, 2002 HOWARD, RICE, NEMEROVSKI, CANADY, FALK & RABKIN A Professional Corporation By:
Attorneys for Debtor and Debtor in Possession PACIFIC GAS AND ELECTRIC COMPANY 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 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.