ML023100358
| ML023100358 | |
| Person / Time | |
|---|---|
| Site: | Diablo Canyon  |
| Issue date: | 10/31/2002 |
| From: | Edmunds M Deloitte & Touche, Pacific Gas & Electric Co |
| To: | Office of Nuclear Reactor Regulation, US Federal Judiciary, Bankruptcy Court, Northern District of California |
| References | |
| -RFPFR, 01-30923 DM, 94-0742640 | |
| Download: ML023100358 (22) | |
Text
Mark A. Edmunds 1
Deloitte & Touche LLP 50 Fremont Street 2
San Francisco, CA 94121 Telephone: (415) 783-4000 3
Facsimile: (415) 783-4708 4
Independent Auditor,'Accountant, Tax Advisor and Consultant to 5
Debtor and Debtor in Possession Pacific Gas and Electric Company 6
7 8
UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF CALIFORNIA SAN FRANCISCO DIVISION No. 01-30923 DM Chapter 11 Case DELOITTE & TOUCHE LLP'S COVER SHEET APPLICATION FOR ALLOWANCE AND PAYMENT OF INTERIM COMPENSATION (FOR SERVICES RENDERED FROM SEPTEMBER 1, 2002, TO SEPTEMBER 30, 2002)
[No Hearing Scheduled]
"1 In re 12 PACIFIC GAS AND ELECTRIC 13 COMPANY, a California Corporation, 14 Debtor.
15 Federal I.D. No. 94-0742640 Deloitte & Touche LLP (the "Finn") submits this Cover Sheet Application for Allowance and Payment of Interim Compensation ("Application") for services provided during the period fromSeptember 1, 2002, to September 30, 2002 ("Application Period"). In support of the Application, the Firm respectfully represents as follows:
- 1. The Firm is Independent Auditor, Accountant, Tax Advisor, and Consultant to Debtor Pacific Gas & Electric Company ("Debtor"). On July 10, 2001, the Firm's retention in this capacity was approved nunc pro tunc, effective April 6, 2001. On April 11, 2002, the Firm's 26 27 DELOITTE & TOUCHE LLP'S COVER SHEET APPLICATION FOR ALLOWANCE AND PAYMENT OF INTERIM COMPENSATION (FOR SERVICES RENDERED FROM 28 SEPTEMBER 1, 2002, TO SEPTEMBER 30, 2002) 9 10 11 16 17 18 19 20 21 22 23 24 25 1
. 5)-21-v-
1 employment to audit financial statements being prepared for four entities that would succeed to 2
Debtor's business assets upon confirmation of Debtor's proposed reorganization plan 3
("Supplemental Services") was approved nuncpro tunc, effective October 1, 2001. By this 4
Application, the Firm is applying to the Court for allowance and payment of interim 5
compensation for services rendered during the Application Period.
- 2. The Firm billed $130,353.50 in hourly fees ("Hourly Fees"), representing 416.6 hours6.944444e-5 days <br />0.00167 hours <br />9.920635e-6 weeks <br />2.283e-6 months <br /> 7
expended, during the Application Period.I These Hourly Fees are shown as follows:
Period Hourly Fees Total 9/1/02 to 9/30/02
$130,353.50
$130,353.502 The Firm is not seeking any expense reimbursement for the Application Period.
- 3. The Firm seeks payment of a total of$110,800.47 at this time. This is 85 % of the Hourly Fees for services rendered from September 1, 2002, through September 30, 2002.3
- 4. For the post-petition period, the Firm has been paid to date as follows:
16 17 Application Period Amount Applied For Description Amount Paid 18 First (4/7/01 to
$62,263.50 in hourly fees
$39,987.405 2/28/02)
$62,333.904 and $70.40 in expenses, 19 less $22,346.50, which was withdrawn from the 20 1
1 Firm's request in its June I 21 1 During the Application Period, the Firm also provided services in connection with its audit of Debtor's consolidated financial statements and review of interim financial information for the 2002 fiscal 22 year ("Base Fee Audit"). (The July 10, 2001, order approving the Firm's employment authorized Debtor 23 to pay a "base fee" to Deloitte upon receipt of monthly invoices from the Firm for Base Fee Audit services.) No amounts have yet been billed or received for Base Fee Audit services for fiscal year 2002.
24 2 In addition to fees for Supplemental Services, the amount requested includes $2,002.00 for time expended in preparing fee applications and $27,517.50 in fees for performing "agreed-upon procedures" 25 relating to Debtor's compliance with a December 8, 1997, Transition Property Servicing Agreement.
3 Payment of this amount would result in a "holdback" of $19,553.03.
26 27 DELOITTE & TOUCHE LLP'S COVER SHEET APPLICATION FOR ALLOWANCE AND PAYMENT OF INTERIM COMPENSATION (FOR SERVICES RENDERED FROM 28 SEPTEMBER 1, 2002, TO SEPTEMBER 30, 2002) 2 6
8 9
10 11 12 13 14 15
1 2
3 4
5 6
7 8
9 10 11 12 13 14 15 16 17 18 19 20 (Footnote Continued from Previous Page) 21 4 The relevant cover sheet application requested a total of $62,573.90 in fees and costs, but the Firm 22 later reduced the amount requested to $62,333.90 due to a $240 error in the initial billing.
5 Debtor initially paid the Firm $54,331.45 on account of its first cover sheet application, but the $240 23 and $22,346.50 reductions, discussed above, were later netted against other amounts owing to the Firm, reducing the amount paid for the first application period to $39,987.40.
24 6 The Application Periods for the Firm's first two "cover sheet" applications overlapped because the Firm did not seek compensation for any of the Supplemental Services until after the court's April 11, 25 2002, "nunc pro tunc" order specifically authorizing that work.
26 3
27 DELOITTE & TOUCHE LLP'S COVER SHEET APPLICATION FOR ALLOWANCE AND PAYMENT OF INTERIM COMPENSATION (FOR SERVICES RENDERED FROM 28 SEPTEMBER 1, 2002, TO SEPTEMBER 30,2002) 25, 2002, reply to the United State's Trustee's objection to the Firm's First Interim Antolication Second (10/1/01 to
$1,643,315.50 in hourly 3/31/02)6 1,643,315.50 fees, less $4,500
$1,638,815.50 disallowed by the court at the July 2, 2002, hearing on the Firm's First Interim Application Third (4/1/02 to 85% of $232,523 in 4/30/02)
$232,523.00 hourly fees
$197,644.55 Fourth (5/1/02 to 85% of $147,016.50 in
$124,964.03 5/31/02)
$147,016.50 hourly fees_
Fifth (6/1/02 to 85% of $115,006 in
$97,755.10 6/30/02)
$115,006.00 hourly fees Sixth (7/1/02 to 85% of $128,834.50 in
$109,509.33 7/31/02)
$128,834.50 hourly fees Seventh (8/1/02 to 85% of $156,475 in
$133,003.75 8/31/02)
$156,475.00 hourly fees The Firm has also received $855,000 as the Firm's base fee for auditing and reporting on Debtor's consolidated financial statements and reviewing interim financial information for the 2001 fiscal year ("Base Audit Fee"). Including the 2001 Base Audit Fee, the total paid to the Firm to date is $3,196,679.66.
- 5. To date, the Firm is owed as follows (excluding amounts owed pursuant to this Application):
1 2
3 4
5 6
7 8
9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
,25 26 27 28 DELUUIThE & TOUCHE LLP'S COVER SHEET APPLICATION FOR ALLOWANCE AND PAYMENT OF INTERIM COMPENSATION (FOR SERVICES RENDERED FROM SEPTEMBER 1, 2002, TO SEPTEMBER 30, 2002) 4 Application Period Amount Description Third (4/1/02 to
$34,878.45 15% holdback of fees requested 4/30/02) by the Firm's third "cover sheet" application filed May 29, 2002 Fourth (5/1/02 to
$22,052.47 15% holdback of fees requested 5/31/02) by the Firm's fourth "cover sheet" application filed June 27, 2002 Fifth (6/1/02 to
$17,250.90 15% holdback of fees requested 6/30/02) by the Firm's fifth "cover sheet" application filed July 23, 2002 and amended on August 5, 2002 Sixth (7/1/02 to
$19,325.17 15% holdback of fees requested 7/31/02) by the Firm's sixth "cover sheet" application filed August 22,2002 Seventh (8/1/02 to
$23,471.25 15% of holdback of fees 8/31/02) requested by the Firm's seventh "cover sheet" application filed September 27,2002 Total Owed to the
$116,978.247 Firm to Date I
- 6. Attached as Exhibits 1 and 2, respectively, to the copies of this Application served on counsel for the Official Committee of Unsecured Creditors, counsel for Debtor, and the Office of the United States Trustee are (i) a list of the names and hourly billing rates of each professional who performed services for which compensation is sought by this Application and (ii) detailed time statements for the Application Period that comply with all Northern District of California Bankruptcy Local Rules and Compensation Guidelines and the Guidelines of the Office of the United States Trustee.
7 The $116,978.24 does not include any fees for the Firm's 2002 audit of Debtor's consolidated financial statements and review of interim financial information. No fees have as yet been billed for these services.
1
- 7. The Firm has served a copy of this Application on each person shown on the Special 2
Notice List for this case. (Only the parties referred to in paragraph 6 received Exhibits 1 and 2; 3
the copies served on other parties did not include the exhibits.)
4
- 8. Pursuant to this Court's Second Amended Order Establishing Interim Fee Application 5
and Expense Reimbursement Procedure, filed on March 18, 2002, the Debtor will be authorized 6
to make the payment requested herein without further hearing or order unless an objection to this 7
Application is filed with the court by the Debtor, the Committee, or the United States Trustee and 8
served by the fifteenth day of the month following the service of this Application. If such an 9
objection is filed, Debtor will be authorized to pay the amounts, if any, not subject to the 10 objection. The Firm is informed and believes that this Application was mailed to all persons 11 shown on the Special Notice List by first class mail, postage prepaid, on October 31, 2002.
12
- 9. The interim compensation sought by this Application is on account and not final. At 13 the conclusion of this case, the Firm will seek fees and reimbursement of expenses incurred for 14 the totality of its employment in this case. Any interim fees or reimbursement of expenses 15 approved by the court and received by the Firm (along with any retainer paid to the Firm) will be 16 credited against such final fees and expenses as may be allowed by the court.
17
- 10. The Firm represents and warrants that its billing practices comply with all Northern 18 District of California Bankruptcy Local Rules and Compensation Guidelines and the Guidelines 19 of the Office of the United States Trustee. Neither the Firm nor any member of the Firm has any 20 agreement or understanding of any kind or nature to divide, pay over or share any portion of the 21 fees or expenses awarded to the Firm with any other person or entity other than members and/or 22 associates of the Firm.
23 WHEREFORE, the Firm respectfully requests that Debtor pay compensation to the Firm 24 as requested herein pursuant to and in accordance with the terms of the Second Amended Order 25 Establishing Interim Fee Application and Expense Reimbursement Procedure.
26 27 DELOITTE & TOUCHE LLP'S COVER SHEET APPLICATION 5
FOR ALLOWANCE AND PAYMENT OF INTERIM COMPENSATION (FOR SERVICES RENDERED FROM 28 SEPTEMBER 1, 2002, TO SEPTEMBER 30, 2002)
Dated: October 31, 2002 DELOITTE & TOUCHE LLP Mark A. Edmunds, Partner Independent Auditor, Accountant, Tax Advisor and Consultant to Debtor Pacific Gas and Electric Company 6
7 8
9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 DELOITTE & TOUCHE LLP'S COVER SHEET APPLICATION FOR ALLOWANCE AND PAYMENT OF INTERIM COMPENSATION (FOR SERVICES RENDERED FROM 28 SEPTEMBER 1, 2002, TO SEPTEMBER 30, 2002) 1 2
3 4
5 6
PROOF OF SERVICE 2
I am over the age of 18, and I am employed at the offices of Deloitte & Touche LLP, located at 50 Fremont Street, San Francisco, California.
3 On October 31, 2002, 1 served the foregoing DELOITTE & TOUCHE LLP'S COVER 4
SHEET APPLICATION FOR ALLOWANCE AND PAYMENT OF INTERIM COMPENSATION (FOR SERVICES RENDERED FROM SEPTEMBER 1, 2002, TO 5
SEPTEMBER 30, 2002) by (1) depositing true and correct copies thereof in the United States Mail at San Francisco, California, in sealed envelopes with first class postage thereon fully 6
prepaid, addressed to each party shown on the attached list and (2) by sending true and correct copies via United Parcel Service, for overnight delivery, with charges fully prepaid, to each of 7
the following three addressees 6:
8 James L. Lopes Stephen Johnson Howard, Rice, Nemerovski,Canady, Falk & Rabkin Office of the U.S. Trustee 9
Three Embarcadero Center, 7" Floor 250 Montgomery Street, Suite 1000 San Francisco, CA 94111 San Francisco, CA 94104-3401 10
[Counsel for Pacific Gas and Electric Company]
[United States Trustee]
11 Robert J. Moore Paul S. Aronzon 12 Milbank, Tweed, Hadley & McCloy LLP 601 South Figueroa Street 13 Los Angeles, CA 90017 14
[Counsel for Official Committee of Unsecured Creditors]
I declare under penalty of perjury under the laws of the State of California and the United 15 States of America that the foregoing is true and correct.
16 Dated: October 31, 2002.
17 18 Karl Contreras 19 6 Only the copies served on the Office of the United States Trustee, counsel for debtor Pacific Gas and Electric Company, and counsel for the official committee of unsecured creditors included Exhibits 1 and 2; the copies served on other parties did not include the exhibits.
21 22 23 24 25 26 27 28 DOCSSFl:591882.1 I
DELOITTE & TOUCHE LLP EXHIBIT I Employee Rate Greg Seelagy 525 Tim Van Oppen 600 David Kral 450 Frank Balestreri 390 Eric Techel 340 David Coffman 220 Miriam Chiappetta 260 Jeff Wilhelm 270 Valerie Manasan 270
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DELOITTE & TOUCHE LLP
SUMMARY
OF FEES EXHIBIT 2 85% Subsequent Holdback Hours Rate Total to 7/31/2001 on 85%
Greg Seelagy 19.7 525 10,342.50 85%
8,791.13 Tim Van Oppen 1.4 600 840.00 85%
714.00 David Kral 26.7 450 12,015.00 85%
10,212.75 Frank Balestreri 24.5 390 9,555.00 85%
8,121.75 Eric Techel 105.3 340 35,802.00 85%
30,431.70 David Coffman 20.6 220 4,532.00 85%
3,852.20 Miriam Chiappetta 170.1 260 44,226.00 85%
37,592.10 Valerie Manasan 24.7 270 6,669.00 85%
5,668.65 Jeff Wilhelm 23.6 270 6,372.00 85%
5,416.20 Total hours and fees 416.6
$ 130,353.50 110,800.48 110,800.48 Holdback 19,553.03
$ 19,553.03 4 )
Successor Comrpany Audits Professonalt Hours for MIRIAM CI4IAPPETTA St*essor Company Audlts Professional Hou*
for MIRIAM CHIAPPETTA DATE 9/3/f002 W3=2 9g/32002 9/3/2002 9/3,'002 g/4/2002 9,0/2002 91412002 9/5/2002 91/2002 8/5/2002 9/5/2002 9O/002 9/8/2002 9/A/2002 9/7/2002 9/7/2002 9/9/2002 9/19r2002 9/10/2002 910/2002 9/10/2002 9/11/2002 9/11/2002 911/2002 9/11/2002 9/1112002 9/11/2002 9/11/2002 9/12/2002 9/12/2002 9/12/'2002 9/122002 9/IZ"2002 9/12/2002 9/12/2002 9/12/2002 9/12/2002 9/12/2002 9/312002 9/13/203 9/13/2002 9/13/2002 9/13/2002 9/132002 9/l3/2002 9/13/2002 9/15/2002 915'172002 9/17/2002 9/17/2002 9/t72rX2*
9/17/2002 9/17/2002 9117r2002 9/17/2002 9/17/2002 9/1"/2002 9/1422102*
9MIV21202 9/19O2002 9/19/2002 8/9/2o02 9/19/2002 9(Mi2%12 9/20/2002 9/20/2002 9/2o/2002 912=/002 TIME RATE 17 $
26000 04 $
20200 24 $
26000 S
06 $
20000 24 $
26000 07 $
26000 08 $
26000 43 $
28000 17 S 26000 10 $
28000 06 $
26000 13 $
26000 28 $
20000 27 $
28000 0.8 $
2$000 21 $
28000 14 $
26000 16 $
26000 27 $
26000 04 $
26000 06 $
28000 2.3 $
26000 S
52 $
26000 07 $
26000 14 20 00 37 $
28000 13 $
26000 16 $
2&00 04 $
26000 43 S 26000 08 $
26000 06 $
26000 07 $
26000 93 $
26000 04 $
28000 10 $
28000 0.5 $
26000 25 $
7 000 13 $
26000 17 $
28000 0.3 $
26000 07 $
26000 18 $
2F00 14 $
26000 08 S 26000 07 $
26000 12 $
26000 2.2 $
20000 05 $
26000 07 $
26000 14 $
28000 S
17 $
20000 14 $
26000 24 $
28000 37 $
200.0 19 $
28000 14 $
28000 24 $
26000 08 $
26000 04 $
28000 05 $
2800) $
08 $
26000 3.2 $
20000 17 $
-0 00 24 $
26000 09 $
26000 0O $
- 'I 0 0 12 $
290C0 08 $
28000 S
18 $
26000 28 $
28000 09 $
28000 11 $
26000 04 $
26900 24 $
26000 12 $
26000 07 $
28000 TOTAL TASK CODE 44200 Audit Services - Reporting 104 O0 Audit Services - Reporting 62400 Audit Services - Reporting 15600 Audit Serices. Other UablTules - UT 624 00 Audit Services - Reporting sf2 00 Audit Services - Other Liabilities - LfT 20800 Audit Services. Other Uabtlities - L/T 1.118.00 Audit Services-Reporting 44200 Audit Serviceis-Reporting 28000 Audit Services. Reporting 15800 Audit Services. Reporting 33800 Audit Services-Reporting 72800 Audit Services. Reporting 70200 Audit Services - Reporting 20800 Audit Seriwces Cost of Energy 54600 Audit Services. Supervision & Review 36400 Audit Services - Reporting 41800 Audit Services. Other Ulatbitles - IT 70200 Audit Services - Cost of Energy 10400 Audit Services - Reporting 15600 AudtServices - Supervision & Review 59800 Audit Services - Reporting 1.352 00 Audit Services - Reporting 18200 Audit Services - Supervison & Review 384 00 Audit Services - Reporting 92 00 Audit Services - Reporting 33800 Audit Services - Reporting 41600 Audit Services - Utility Revenues 10400 Audit Servces - Utility Revenues 1.11800 Audit Services - Repordng 20800 Audit Services - Supervision & Review 15800 Audit Services - UtTityi Revenues 18200 Audit Services - Utility Revenues 7800 Audit Services - Utility Revenues 10400 Audit Services - Regulatory Accounts 260 00 AUdi Services-PP&E 13000 Audit Services-PP&E 650 00 Audit Services - Supervision & Review 33800 Audit Services - Utilty Revenues 44200 Audit Services - Utility Revenues 7800 Audi Services - Utiliy Revenues 182.00 Audit Sevices - Utlity Revenues 48800 Audit Services - Cost of Energy 04 00 Audit Services v Cost of Energy 208.00 Audit Services. Regulatory Accounts 18200 Audit Services - Reporting 31203 Audit Services - PP&E 572.00 Audit Services-PP&E 13000 Audit Services-PP&E 182 00 Audit Services - Regulatory Accounts 38400 Audit Services - Cost of Energy "44200 Audit Servces - Cost of Energy 3640M Audit Services-Cost of Energy 62400 Audit Services - PP&E 96200 Audit Services - PP&E 49400 Audi Services. Regulatory Assets 38400 Audit Services - PP&E 82a 00 Audit Services - PP&E 20800 Audit Services - Unity Revenues 10400 Audit Services - Utity Revenes 1 800 Audit Services-PP&E 20800 Audi Services - UOthy Revenues 832 00 Audit S*evies - PP&E 44200 Audit Services - PP&E 62400 Audit Services - Utiity Revenues 21t00 Audit Services - Utility Revenues 20800 Audit Services - PP&E 31200 Audit Services - Reporti-g 20800 Audit Services - Reporting 41800 Audit Services-Operating and Maintenance 728 00 Audit Services. Uttity Revenues 23000 Audit Services - Utility Revenues 28C.00 Audit Services - Reporting 10400 Aivl Services - Operating and Mavitenance 621100 Audit Services - Operating and Maintenance 3VO (0 Audit Services - Supervision and review 18200 Audit Services - Utility Revenues Prepare susmmarization of reconciliation items to provide to PG&E Cats from PG&E on reconciliaions Update reconcliation stunmary document for a2 years Review status of unamortoed debt expense with PG&E for reallocation to DISCO 1009 - 2000 Analytic - DISCO Changes to WP 6803 for reclassification adjustmerts to move potential disanowance to DISCO Changes to WP 603 for reclassification adjustments to move potential disallowance from ETRANS 1999 - 2000 Balnce Sheet Analytic DISCO M90 - 2000 Balance Sheet Analytic - ETRANS Meeting with PG&E Por Team regarding open Rters to be adjusted and adjustmonts made to date PreparYan for meeting with PG&E 1 99 2000 Balance Sheet Analytic - ETRANS 1999 - 2000 Balance Sheet Analytic - GTRANS 1999-2000 Balance Sheet Analyic - GENCO Modify workpapers for resolution of Wel ol and natural gas coassrIcations send updates to ET Supenvision and review of wort performed by W Robinson Update status fists for resolution of items reached in meeting with POR team Changes to 6325 1 based on open review notes and meeting with PG&E Work on cost of energy - DISCO and fuel oH and naturat gas dcssefation per meeting (al years)
Catls to/from PG&E POR team to discuss new schedules needed arnd timing of receipt of updates Answer questions and update E Techel; discuss f/s footnotes for al entitles Review W/st draft of F/S notes for ETrans Review frst draft of F/S notes for Genos Update meeting and determine scheduling with E Techael Review first draft of F/IS notes for ETrans Review frst draft of F/S notes for GTraes Complete re*w of first draft of F/S rot" for GTraus Meet with POR separation team regarding revenue adjustments Work on documentation of results of meeting regarding revenue adjustments - 2000 Review first draft of F/S notes for ETrans Status update with E Techel Work on doommentation of results of meeting regardlng revenue adjustmerits-1999 Work on documentation of resuos of meeting regarding revenue adjustments - 2000 Work on documentation of results of meeting regarding revenue ad6ustmenm. 2001 Assist B Robinson with testing itens In balancing accounts Meeting with capital accounting re 1999 property adjustments Pick up and review second updated property schedule with capita acoutingbr Prepare workpaper package for partner review, Including clear notes and print toPS Continue updates to documentation for 20W revenue adjustments Research casslfication between ETnres and WCn of the PPA settlement through C043 reports Discussions with PG&E POR team regarding PPA settlement adjustments Review memorandums and documentation on PPA settlement accounts. discuss with PG&E POR team Work on PPA settlement with FOR separation team and discuss ireakout ard resooti!r Meet with crT*orae accounting to obtain schedules of PPA tenlement for 2000 and 2001 Assist B Robinson with balancing account questions Complete preparing package of wodipapers for Partner Meet w*th 0 Coffman and Capital accounting regarding Discuss ISM property adjustments with D Coffman for trarnition and finaltoation OttItn and review updated property schedule with Capita Accounting Meet with POR Team on Issue Papers received by the audit team Obtain and print journal entries for the PPA Settlement account Meet with PeR Separation Team and Corporate Accounting regarding PPA Settlement Meet with POR Sepaotkn Team regarding PPA Senlement adjuatmenls to dest 1999 PP&E reconcieiation between Capital Accouning, D&T calculations and POR Sep Team PP&E reconciT*iation between Capital Accounting. DST calculations and POR Sep Team Updee epen Items fists for current Items Meet wuth Capital Accounting regarding property adjustments-19-9 Update proporty wokrpapers for agreed upon adjustments Dntussines with POR team regarding revenue adjustments for PPA Settlement Review memorandum on the WAPA/San Lutis Pumping pmroed obtained from capital accounting Discuss property adjustments with E Techel Review open Pers in balancing accounts/rag assets, discuSs with POR separation team Prepare property manual workpapers to support 1999 adjustments Work on clearing partner notes in property workpapers DOscusosons and work with POR team on PPA settlement issue Provide schedules requested by FOR tea-ri Obtain. print and review final schedules provided by capital accounting het ato years Meeting with POR Separation team to discuss time, Open Issues. supportflogistics for reporting Prepamiton for POR Separation team meeting Document search for GRC support as requested by PER team Work on preparations for timerme and update E Techel on status property resolution etc Discussion with POR Separation team of the PPA Senleme*-.,iustnmrti*n Meeting with G Seelagy. E Techet & D Krat on status, open issues and completion timelime Document search for GRC support as requested by POR team Research history of GRC differences Schedule planning with E Techel. finalize schedule request and prepare e-mila Cats to Corporate Accounting related to the CCSF cotract and related technical memorandums
9/20/2002 9/23/2002 9/23/2002 9/23/2002 9/23,/2002 9r23r4o0 9/24/20o2 9/24r2o02 9/2412002 9/25/2002 wsn=
9/25/2002 U/2002 9/25.2002 9/20/01 9/2512002 WM=02 9/r2002 M7T2 9/29/2002 9/27/2002 9/27/2002 947/'002 W672002 912772002 9/7/2002 9/39/002 970127002 9/301M0 "9.092002
%v3070C02 913WM00 11 $
27 S 04S 1?
34 $
08 S 90 $
07 $
08 $
04 $
17 $
08 $
18 $
0.5 $
1s $
17 $
08 S 17 $
19 $
17 S 16 $
07 $
27 $
1.2 $
24 $
08 $
06 S 09 $
06 $
04 $
1.2 $
145 035 0.5 $
17 S 3.2 $
170 1 26000 216 00 Audit Serves. Uttty Revenues 26000 $
70200 Audit Sennces - Utility Revenues 26000 S 10400 AuditServices-Reportilg 26000 44200 AuditServices.RegulatoryAssets 29000 e5 00 Audit Services. Reporting 26000 20800 AuditServices-UtlityRevenues 26000 2,34000 Audit Services - Reporting 29000
'80200 Audit Services-Reporting 26000 20900 Audit Services-Regulatory Asets 26000 10400 Audit SerAvces -Regulatory Assets 26000 442.00 Audit Services - Reporting 26000 20900 Audit SerAces - Operating and Marinenance 26000 41600 AuditServlces.Reportlng M2000 $
13000 Audit Services-Utlity Revenues 29000 46800 Audit Services - Utily Revenues 26000 44200 AuditService.-Reportlng 26000 20800 AuditServices. RegulatorAssets 26000 442.00 Audit Services. Operating and Maintenance 26000 494 00 Audi Services - Operating and Mantenance 20000 44200 Audit Services. Operating and Malntenance 2W000 41600 Audit Services - Supervision and review 26000 18200 AuditfServices-RegulatoryAssets 26000 702.00 Audit Services-Reporting 26000 31200 Audit Servces*-Reporting 26000 62400 Audit Services - Repor" 26000 20800 Audit Services -Reporting 26000 1"00 AuditServices-Reporting 26000 S
15800 Audit Services. Reporting 2W000 15600 Audit Service-Reporting 26000 10400 Audit Services. Reporting 26000 31200 AuditSeivces-Reportirng 26000 36400 Audit Services Utdty Revenues 26000 7900 Audi Services. Utity Revenues 26900 13000 Audit Services. Utity Revenues 26000 44200 Audit Services - Utlity Revenues 290 00 83200 Audit Servce - Repo"ng 4422600 Meet with Corporae accounting aid work on the 2000 CCSF adjustment Obtain and read the CCSF contract Calts to/from J Wlheim re bafancing accounts Review oppn items in balancing accounts reg assets Revi',w MOM for ETrans Work on updates to revenue worlipapers per the new reconciliation schedules received from POR Separation team Attendance at underwriter meeting and discussio's of accounting Isstues Follow up on messages and open Items from PeR tean Meeting with PeR team regarding belancinig accounts Discussions of balancig account status with J WMhetro Conslderation of and research on reporting precision level Work on GRC factor update with PeR separation team Research and draft Iual audi opinion for ETrans Discussions with POR team regard*ng gross vs net revenue reporting Research on gloss vs net revenue reporting. ETRANS Review MOM for ETrans In light of gross vs fret revenue reportong Review Journal entries for balancing accounts ard Mr assets - DISCO Ctose holes In operating expenses based on new CRC Information-1999 Close notes In operating expenses based on new GRC Information-2000 Cble notes In operating expenses based on new GRC Information. 2001 Provide E Techel wdth status update, discuss Issues (CCSF, reporting predslon, balancing Kris)
Review ournal entries for balancing acrounts and reg assets. CTRANS Research opinion For non-LC entities Notes from D Kral and work on updated opinion. ETrans, review changes with E Techel Research and draft opinion for ETraris
- LLC Draft opinion for Gtrans Draft opinion for GTrar
- LLC Draft opinion for Genoo Draft opinion for Genco. LLC Prepa for meeting with FOR Separation team regarding footnotes Meeting with POR Separation team regarding footnotes Work on updates to revenue workpapers per the new reconiiatlon schedules received from PFR Separation team on 9/25/02 Review question from G Seelasy on net vs gross revenues and commence researching Research net vs gross and cat PeR separation team Research treatment of TO debits. discuss with POR separation team and D&T management Review ETrans MD&A on
. I
Successor Company Audits Professioinal Hours for David Coifrfman DATE TIME RATE TOTAL TASK CODE 22000 S
179.00 Audi Services. Meetbrs wit PO&E 22000 $
198.00 Audit Services - Meetxe with PG&E 22000 S
17800 Audit Services-Meetngs with PG&E 220.00 220.00 Audi Services - Meetings with PG&E 2"2003 24200 AudilServ*ces-PP&E Electric 22000 49200 Audit Services. Meelngs with PG&E 22000 50 00 Audit Services - PP&E Electric 22000 33000 Audit Sewrces-MeetirVs with PG&E 22000 44000 Audit Services. Meetings wlith PG&
22000 30800 Audi Services-Internal Meetig 22000 9M 00 Audit Servces-PP&E* Electric 22000 S
50900 Audit Services-Meetfgs with PG&E 453200 Check In with PG&E Capital Acoounrtieg re-status of property adjustments to keep high on Capital Accounting Radar Check In with PG&E Capital Acoountiig re status of pmperty adjustments I keep high on Cap*tal Acootg Radar Check in with PG&E Capital Accounlng re, status of property adjustmerts to keep high on Capitol Accoratkrg Radar Check In with PG&E Capital Accounting re-status of property adjustments to keep high on Capital Accrlng Radar Review 1999 Plant database file Discuss 1999 plant database with Capital accountig Review 1999 reserve database Mle Drscuss 1999 reserve database wih Capital counting ard relatng adjustments Discuss Capital Accounrg's 1999 Plant and reserve reconiciiation with capitol accouftg Discuss updated PG&E open Items with D&T Research differences frIm D&T plait adjustments ts Capito l accounting recacifton Discuss D&T proposed 1999 PPME edjustmerta wth Capit*l Accountnii 90/32002 9/4/200 94=
91=*002 9/10/2002 9 19/2002 9/92/2002 a I V/2002 9111200 9/13/2002 9/1:3/2002 9/13/2002 TASK DESCRIPTION 08 $
09 $
08 $
10 $
115S 21 $
23 $
15 S 20 $
14 $
44 $
23 S 206 I A f*
Successor Company Audits Professional Hours for DAVID KRAL DATE TIME RATE TOTAL TASK CODE TASK DESCRIPTION 450 00 450 00 45000 45000 45000 45000 45000 45000 S
S S
810(00 99000 1.48500 1,12500 4,140-00 1,12500 45000 1.12500 45000 76500 12.01500 Audit Services - Supervision and Review Audit Services - Technical Research Audit Services - Technical Research Audit Services - Registration Statements Audit Services. Meeting with PG&E Audit Services - Registration Statements Audit Services. Registration Statements Audit Services - Registration Statements Audit Services - Registration Statements Review of workplan regarding registration statements.
Research related to registration statement disclosure.
Research related to registration statement disclosure Review of draft MD&A and footnotes in preparation for meeting with PG&E. underwriters counsel and PG&E counsel.
Meeting with PG&E management, underwriters counsel and PG&E counsel regarding POR and registration statements.
Review of draft footnotes Review of draft footnotes Rpview of draft footnotes and financial statements Review of draft footnotes and financial statements.
9/18/2002 9119/2002 9/20/2002 9/23/2002 9/24/2002 9/25"2002 912612002 9/27/2002 9/30/2002 185 2.2 $
33 $
25 $
9.2 S 25 $
10 $
25 S 17 S 267
.I
.1%
Successor Company Audits Professional Hours for Greg Seelagy DATE TIME RATE TOTAL TASK CODE TASK DESCRIPTION 52500 630 00 Audit Services - Budget & Review 525 00
$ 1,417.50 Audit Services-Meetings with PG&E 525 00 94500 Audit Services - Supervision & Review 525 00 68250 Audit Services - Supervision & Review 52500 210 00 Audit Services - Meetings with PG&E 52500 1,732.50 Audit Services - Supervision & Review 52500 68250 Audit Services - Meetings with PG&E 525 00 73500 Audit Services - Technical Research
$ 7,03500 Review of Internal billing runs, Invoices, budgets Meeting and meeting prep. with PG&E consultants and E Techel, D&T re Genco revenue presentation Review of working papers - Revenues Review of working papers -Revenues w/ PG&E re: audits of carve out entities Review of working papers - Balance Sheet w/ PG&E re Technical Discussion on GEN revenue presentation Audit status update wdth E. Techel I M Chtappetta and research re GEN revenues 9/3/2002 9/9/2002 9/9/2002 9/10/2002 9/20/2002 9/20/2002 9/30/2002 9/30/2002 12$
2.7 $
18 $
1.3 $
04 $
33 $
13 $
14 $
134 VIt
111.
1il111
- 88 8 88 B 83 88 8 8 S 8388888 S8 BBS 8888 8 8888 88 8 88 8BB 88 3888 888 11 888888888888888888888888888888888888888388888888888888888 s
Successor Company Audits Professional Hours for JEFF WILHEL TIME RATE TOTAL TASK CODE 29 $
27000 78300 Audt Services-Regulatory Accounts 25 $
27009 S
67500 Audit Services-Regulatory Accounts 21 S 27000 56700 Audit Services - Regulatory Accounts 21 $
27000 56700 Audit Services. Regulatory Accounts 96 2,59200 TASK DESCRIPTION Open Issues 2000, 2001 Regulatory A.ciunts. Disco Open Issues 2000, 2001 Regulatory Accounts - Disco Open Iss.ues 2000. 2001 Regulatory Accounts. Disco Open Issues 2000, 2001 Regulatory Accounts - DIsco DATE 9)2312002 Wd24/2002 P*W2S2002 9/27/2002
. jk
. l Tr0ansion Property Agreed Upon Procuedurse Profess/onal Hours for FRANK BALESTRERI DATE TIME RATE TOTAL TASK CODE ITASK DESCRIPTION 0/10/2002 0.3 5
10/*1O3*
2.23 0/12/2002 13 2 0/12'22 01 G/lr202 19 010/2002 04 0 9116/20M2 04 918/200 03 $
217r00*2 0.4 0l?/,200 0.3
/172002
=
07 9/17/2002 12
/17T/20 0.4 $
9/10/2002 00 $
9183002 03 S
010/200 03 $
W/1 02002 11 9/1Or V"
0,0 $
2/1112=22 05 S
SM1-1122 0.4 S
0/1191M0 12 V1952002 09 3
9/1912002 34 9420002 0.3 0/0t00 07
£ 0YY0 04 S
0/22202 13 S
0/301200 0.2 S 012M 04 $
WWI=0 0.4 3*/202002 03 24.5 39000 3
11$00 Agreed upon ptceon - Irronsrn Propeony 31O m 3 9 55.00 Agreed Upon Procedures. Tranieion Property 300*0 48a00 Agreed Upon Proceduree - Trands/ton Property 39D00 312.00 Agreed Upon Proedures - Treansit/n Property 390.00 S
741 00 Agreed Upon Procedures-Trarsition Property 39000 S
158.00 Agreed Upon Procedures. Trnei/on Properly 3W000 $
1S&00 Agreed Upon Procedures - Transiion Prop 3900 *S 11700 Agreed Upon Procedures - Treneft Property 390.00 S
15000 Agreed Upon Procedures - Transition Properly
.3 00 11700 tfeed Upon Procedures Transaln Property 39000 27500 Agreed Upon Procedurres -Trearearo Property 390gco 46&00 Agreed Upon Procedune - Trenaeron Property 390.00 15600 Agreed Upon Procedures. Transition Property 39000 351 00 Agreed Upon Procedures. Transition Properly 390.00 11700 Agreed Upon Procedure - Trene/li/o Property 39000 11700 Agreed Upon Procedures. Transoton Prpery 390.00 $
4?900 Agreed Upon Procedures. Treanfl/on Properly 3900.00 $
1600 Agreed Upon Prduresd
- Trenedi/n Properly 390.00 9 195.00 Agreed Upon Procedures - Tranrelon Property 390.00 S
19000 Agreed Upon Procedures. Trani/on Property 39000 44S.00 Agreed Upon Procedures - Trarnsirt Property 3104 W 10W00 Agreed Upon Proceduree. Treredn Property 39D00 9 351 00 Agreed Upon Procedunes - Transition Property 39000 5 1.32100 Agreed Upon Procedures - Trerron Propery 3ý0 00 11700 Agreed Uxce Procedures. Transiio/n Property 39000 27390 Agreed Upon Procedur-es. Transition Property 39000 S 15600 Agreed Upon Procedures. Transrion Property 3"000 S 50700 Agreed Upon Procedures - Trfnsition Properly 39000 0
79 00 Agreed Upon Procedures - Treneluon Properly 39000 £ 15800 Agreed Upon Procedures. Trrastktn Properly 39000 S 158.00 Agreed Upon Procedures.Trenrsitorn Property 30000.
11700 Agreed Upon Proctdurans-Tralono Prope 9.05600 Ltarussron With K&36 nvrce 0a/epa repremeentatet s regaerdig procedures to be perlortrted end taonng Rev/ew of prior yef Mes and prelkn/rery draftlig of erggeerenri tewnond procedres o 1be pwfmmd Di/cnson orWth V Mtlerr of procedure. to be perloreed Preparet/on fol rd ca to PG&E Frnance Dept represenlate to comsan/ce itforrmseio neede to bigit procedures Dafting of pareyrt Agreed Upon Procedures Report Discussion with 0 Seneagyregarding procedures to be performed and r-vw of eeoagerred lterlt draft Discussion with PG&E FPnrnc Dept reproewot/lre ee to slton of proaedureo Darsss.l gh P00E Fmeoce Dept reprs*rntaltves regarding procedures to get Specd Paltes to agree to procedures Discussion of status 0 procedures with P090 Finance Dept. represernt/ae s Discussion with T van Oppesk concrrng rev/,er. oxxA the peocedures to be pertonned DrafIsig of porermry meanemr representation letter Renrew of procedures peormred Disoussions witt PG&E Finaoce Dept represerdidves or to status of procedures Revisons to Agreed Upon Procedures Report based upon review of procedures perloroted Dr*unesons Wdh PG&E Finance DepL reresentatlves es to status of procedures Disoussion v~th PG&E Fintoce Depl. representtale as to Wortnalt/of needed 1o ensure thof I/he.pedted Priccs agreed to Ihe pro*dures Revise of prehfrnay draft of fhe Agreed Upon pmre"wee Report Resrelorr to Agreed Upon Procedures engegementt ltoer and mod/fnolioms to tihe raeport drofl Daso'orm ooeh J Wihelm War E. To"e aet to remaing" open leon Drs sngcors with :PG&E Finance Dept repreentdatives o to sfatus of gettng the eonggeoraet ltoerr eared Revstions to Atr d Upon Procedures engegererd letter eaNd erodrifiolonr to re repoea droll Oreftng of ernar 10 PG&E Fine-a Dept represenf es tewn updaled copies of Ihe Agreed Upon Procedures Report end he meingerrend represerdato Itller for the rew/ewA Updates 1o lhe Agreed Upon Procedurei Repoet and the Mangerretd represeodotton letter Rfle/w of procedures perfoned D/secss/ons wilh P0&E Finance Dept. representatives regarding i/suee related to th emgeoeanend letter D/ecasons owth F T"etahl regerdi/
Ise vAh/the engageeerf
.er D/scuson-olah PG&E Finante Dept reprenlkvse cc to status of the sign off from the Specied parties F9at retew of the Agreed Upon Procedures report. Incorporating vommrers from PG&E ed lie D&T conccrring review Perepaereion of rer-mmnt leer to Inclode n/th reports F/inl rev/s/on to ore erenegetneri represent/on loner DOrating of ernmlst to PO&e FPnance Dept reprF.-MM-r tec h ubpdaed cope of the Agreed Upon Procedures Report end the maragement repreMeotiof lot/er for tIM/e rw review F/nal 0oa,"slmon rth PG&E Finonce Dept repreen-. t*ves to rev/ew PG&E comnrers to Ithe report and engemerd represerAehon toer pr/or to aser
Transition Property Agreed Upon Procuedures Professional Hours for VALERIE MANASAN DATE TIME RATE TOTAL TASK CODE 1.2 12 $
56 72 04 04 12 $
1.2 17 S 07 05 $
05 $
04 08 $
04 03 03 $
04 03 $
247 27000 324.00 Agreed Upon Procedures - Transition Property 27000 324 00 Agreed Upon Procedures - Transition Property 27000 1.51200 Agreed Upon Procedures - Transition Property 27000 1.944 00 Agreed Upon Procedures-Transition Property 27000 108 00 Agreed Upon Procedures - Transition Property 27000 108 00 Agreed Upon Procedures - Transition Property 270 00 324 00 Agreed Upon Procedures - Transition Property 270 00 324 00 Agreed Upon Procedures - Transition Property 270 00 45900 Agreed Upon Procedures - Transition Property 270 00 18900 Agreed Upon Procedures - Transition Property 270 00 13500 Agreed Upon Procedures - Transition Property 270 00 13500 Agreed Upon Procedures - Transition Property 27000 10800 Agreed Upon Procedures - Transition Property 270 00 21600 Agreed Upon Procedures - Transition Property 27000 108 00 Agreed Upon Procedures - Transition Property 270 00 81 00 Agreed Upon Procedures - Transition Property 270 00 81 00 Agreed Upon Procedures - Transition Property 270 00 10800 Agreed Upon Procedures - Transition Property 270 00 81 00 Agreed Upon Procedures - Transition Property 6,66900 TASK DESCRIPTION Discussion wrth F. Batestrert of procedures to be performed Review of prior year files and preliminary drafting of engagement letter and procedures to be performed Performed Agreed Upon Procedures Performed Agreed Upon Procedures Discussion with PG&E Finance Dept representatbvesregarding status of FTA reports Discussion with PG&E Finance Dept. representatives regarding 12/2001 Electric Advice Letter Revision of preliminary Agreed Upon Procedures Report Revision of preliminary engagement letter Preparation of Agreed Upon Procedures binder Discussion with PG&E Finance Dept representatives regarding status of procedures Discussion with PG&E Finance Dept. representativesregarding 3rd Party Agreement memo Discussion with PG&E Finance Dept. representatives regarding 3rd Party Agreement memo Discussion with PG&E Finance Dept representatives regarding status of procedures Discussion with F. Balestred regarding status of procedures Discussion with J. Wilhelm regarding status of procedures Discussion with PG&E Finance Dept. representatives as to status of procedures Discussion with PG&E Finance Dept. representatives regarding status of procedures Discussion of status of procedures with PG&E Finance Dept. representatives Discussion with F. Balestred regarding status of procedures 9/111/2002 9/11/2002 9/11/2002 9/12/2002 9/12/2002 9/12/2002 9/13/2002 9/13/2002 9/13/2002 9/13/2002 9/13/2002 9/13/2002 9/13/2002 9/13/2002 9/13/2002 9/16/2002 9116/2002 9/16/2002 9/16/2002
Transition Property Agreed Upon Procuedures Professional Hours for Greg Seelagy DATE TIME RATE TOTAL TASK CODE TASK DESCRIPTION 13 $
52500 68250 Agreed Upon Procedures -Transition Property 22 $
52500 1,15500 Agreed Upon Procedures-Transition Property 28 $
525 00 1.470 00 Agreed Upon Procedures - Transition Property 63 3,30750 Review of Representaton and Engagement Letters Review of procedures performed Review of Report 9/26/2002 9/27/2002 9/30/2002 r, AA
Transition Property Agreed Upon Procuedures Professional Hours for ERIC TECHEL TOTAL TASK CODE 170 00 Agreed Upon Procedures -Transition Property 238 00 Agreed Upon Procedures - Transition Property 272 00 Agreed Upon Procedures - Transition Property 204.00 Agreed Upon Procedures - Transition Property 578 00 Agreed Upon Procedures - Transition Property 748.00 Agreed Upon Procedures - Transition Property 442.00 Agreed Upon Procedures - Transition Property 714 00 Agreed Upon Procedures - Transition Property 3,366.00 TASK DESCRIPTION Discussions with F Balestreri & Jeff Wilhelm re: status Discussions with F Balestred re: engagement letter Preparation of concurring review materials Including concurring review comments in report Updating engagement letter and researching issues Including client comments In report and discussions with N Geroso Updating management rep letter Issuance of report and administrative items DATE 9/18/2002 9/20/2002 9120/2002 9126/2002 9/26/2002 9/27/2002 9/27/2002 9/30/2002 TIME 05 07 08 06 1.7 2.2 1.3 2.1 99 RATE 340 00 34000 340.00 340.00 340 00 340 00 340.00 340.00
'At )
0 Transition Property Agreed Upon Procuedures Professional Hours for TIM VAN OPPEN DATE TIME RATE TOTAL TASK CODE TASK DESCRIPTION 9117/2002 03 $
60000 18000 Agreed Upon Procedures - Transition Property Discussion with F Balestrerl, about the procedures to be performed 9/17/2002 0 5 $
60000 30000 Agreed Upon Procedures - Transition Property Review of agreed upon procedures letter 9/23/2002 06 $
60000 36000 Agreed Upon Procedures - Transition Property Concurring review of report 14 84000
Transition Properly Agreed Upon Procuedures Professional Hours for JEFF WILHELM TIME RATE TOTAL TASK CODE 33 $
27000 89100 Agreed Upon Procedures -Transition Property 23 $
27000 62100 Agreed Upon Procedures-Transitlon Property 12 $
27000 32400 Agreed Upon Procedures - Transition Property 1.2 $
27000 32400 Agreed Upon Procedures. Transition Property 10 $
27000 S
27000 Agreed Upon Procedures - Transition Property 1 0 S 27000 S
27000 Agreed Upon Procedures - Transition Properly 2 1 $
27000 567 00 Agreed Upon Procedures-Transition Property 19 S 27000 5100 Agreed Upon Procedures-Transilion Property 140 3.76000 TASK DESCRIPTION FTA Selections, Testing of FTA Charges for Res and Comm Determination of Procedures related to Servicer's Agreement Manual Workpapers Review Admlnlstrative Circulation of Issuance letters Research on Engagement Letter Formatting Research on Engagement Letter Formatting Report Issuance Revnew Manual WAPs DATE 91 9/2002 9/19/2002 9/19/2002 9/19/2002 W,2"'2002 9/27/2002 9/307.002 9/30/2002