ML030230196
| ML030230196 | |
| Person / Time | |
|---|---|
| Site: | Diablo Canyon  |
| Issue date: | 12/30/2002 |
| From: | Lumsden T FTI Consulting, Official Committee of Unsecured Creditors |
| To: | Office of Nuclear Reactor Regulation, US Federal Judiciary, Bankruptcy Court, Northern District of California |
| References | |
| 01-30923 DM, 94-0742640 | |
| Download: ML030230196 (45) | |
Text
Thomas Lumsden FTI Consulting Inc.,
199 Fremont Street San Francisco, CA 94105 Telephone:
(415) 498-5000 Facsimile:
(415) 498-6699 Accountants and Financial Advisors for Official Committee of Unsecured Creditors 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 F/LEf DEC 3 0 2002
'VNITEO STATES BANKRUPTCy IAN FRACI.SCO, CA COURT UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF CALIFORNIA SAN FRANCISCO DIVISION Case No. 0 1-30923 DM LECTRIC Chapter 11 Case fa corporation,
[No Hearing Scheduled]
otor.
Federal 1D. No. 94-0742640 FTI CONSULTING INC. COVER SHEET APPLICATION FOR ALLOWANCE AND PAYMENT OF INTERIM COMPENSATION AND REIMBURSEMENT OF EXPENSES FOR NOVEMBER 1, 2002 TO NOVEMBER 30, 2002 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 November 1, 2002 to November 30, 2002 (the "Application Period"). In support of the Application, the Firm respectfully represents as follows:
- 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, nuncpro tunc to September 1, 2002. The Firm hereby applies to the Court for WD 07 1 701/1-1 4 199031421931767/vI m%~oc)7 a iil,~( CA)A RC In re PACIFIC GAS AND El COMPANY, a Califom De
- E0'39Ud
- 1001 **
allowance and payment of interim compensation for services rendered and reimbursement of expenses incurred during the Application Period.
- 2.
The Firm billed a total of $370,346 in fees and expenses during the Application Period. The Total fees represent 933.8 hours9.259259e-5 days <br />0.00222 hours <br />1.322751e-5 weeks <br />3.044e-6 months <br /> expended during the Application Period. These fees and expenses break down as follows:
1 2
3 4
5 6
7 S
9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28
'Payment of this amount would result in a "holdback" of $55,207 WD 071,701/I-141990314V2193 1767/v1
-2 Z,,"O'8d
.,STSTj'TBT6 0.1 9"T9 861' S"1I' NI ONIITISNO I.LdI OFM:
M, TZ Ndr Period Fees Expenses Total November 1, 2002 -
$368,048
$2,298.,
$370,346 November 30, 2002 1
1 1
- 3.
Accordingly, the Firm seeks allowance of interim compensation in the total amount of $315,139 at this time. This total is comprised as follows:
$312,841 (85% of the fees for services rendered)' plus $2,298 (100% of the expenses incurred).
- 4.
For the post-petition period, the Firm, as successor to the Business Recovery Services practice of PriccwaterhouseCoopers, LLP, has been paid to date as follows:
Application Period Amount Description Amount Paid
_.... Applied For First (April 11, 2001 -
$803,642 90% of fees and
$803,642 May 31, 200 1) 100% of expenses Second (Jume 1, 2001 -
$870,002 90% of fees and
$870,002 July 3 1, 2001) 100% of expenses
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 1
Fifth (October 1, 2001 October 31, 2001)
Sixth (November 1,2001 November 30, 2001)
Second Interim Fee Application Seventh (December 1, 2001-December 31, 2001)
+
$358,024
$293,871
$307,809
$215,596
$145,541
+
$192,887 4
First Interim Fee Application Eight (January 1, 2002-
$223,013 85% of fees and January 31, 2002) 100% of expenses Ninth (February 1, 2002 February 28, 2002)
Tenth (March 1, 2002 March 31, 2002)
Third Interim Fee Application
$197,888
$189,814 1
4
$114,300 L ___________
.1 85% of fees and 85% of fees and 100% of expenses 15% fee holdback ($128,506) net of PricewaterhouseCoopers LLP write-offs ($3,705) and expense adjustments ($10,500)
$2,408 WD 07 1701/i-141 9 903/421931767/vl Third (August 1, 2001 August 30, 2001) 10% fee holdback ($179,012) net of PricewaterhouseCoopers LLP and Court Adjustments
($176,604) 85% of fees and 100% of expenses 85% of fees and 100% of expenses 85% of fees and 100% of expenses 85% of feesE and 100% of expenses 15% fee holdback ($198,105) net of PricewaterhouseCoopers LLP adjustments ($52,564) 85% of fees and 100% of expenses
$2,408
$358,024
$293,871
$307,809
$215,596
$145,541
$192,887
$223,013
$197,888
$189,814
$114,300 Fourth (September 1, 2001
- September 30, 2001)
1 2
3 4
5 6
7 9
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 WD 071701/1-1419903/42/93 1767/v Eleventh (April 1, 2002 -
$185,003 85% of fees and
$185,003 April 30, 2002) 100% of expenses Twelfth (May 1, 2002 -
$183,784 85% of fees and
$183,784 May 31, 2002) 100% of expenses Thirteenth (June 1, 2002-
$81,860 85% of fees and
$81,860 June 30, 2002) 100% of expenses Fourteenth (July 1, 2002-'
$204,553 85% of fees and
$204,553 July 31, 2002) 100% of expenses Fifteenth (August 1, 2002
$127,849 85% of fees and 106% of
$127,849
- August 31, 2002) expenses Fourth Interim (April 1,
$106,253 15% holdback fees ($109,606)
$106,253 2002 - July 31, 2002) net voluntary write-off ($3,353)
Sixteenth (September 1,
$84,985, 85% fees and 100% expenses
$84,985 2002 - September 30, 2002)
Seventeenth (October 1,
$113,478 85% fees and 100 % expenses
$113,478 2002 - October 31, 2002)
Total Paid to the
$5,002,560-
$5,002,560 Firm to Date
- 5.
To date, the Firm is owed as follows (excluding amounts owed pursuant to this Application).
Application Period Amount Description Fifteenth (August 1,-2002 -August 31,
$21,147 15% fee holdback 2002)
Sixteenth (September 1, 2002 - September
$14,415 15% fee holdback 30, 2002)
Application Period Amount Description Seventeenth (October 1, 2002 - October 31,
$18,970 15% fee holdback 2002)
Total Owed to Firm to Date
$54,532 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 WD 071701/1-1 4 19903/421931767/vlI
- 6.
With regard to the copies of this Application served on counsel for the Committee, counsel for the Debtor and the Office of the United States Trustee, attached as Exhibit 1 hereto is the name of each professional who performed services in connection with this case during the period covered by this Application and the hourly rate for each such professional; and (b) attached as Exhibits 2-1 and 2-2 are the detailed time and expense 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 Firm has served a copy of this Application (without Exhibits) on the Special Notice List in this case.
- 8.
Pursuant to this Court's 'ORDER ESTABLISHING INTERIM FEE APPLICATION AND EXPENSE REIMBURSEMENT PROCEDURE" which was entered on or about July 26, 2001, the Debtor is authorized to make the payment requested herein without a further hearing or order of this Court unless an objection to this Application is filed with the Court by the Debtor, the Committee or the United States Trustee and served by the fifteenth day of the month following the service of this Application. If such an objection is filed, Debtor is authorized to pay the amounts, if any, not subject to the objection. The Firm is informed and believes that this Cover Sheet Application was mailed by first class mail, postage prepaid, on or about December 30, 2002.
- 9.
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 seek fees and reimbursement of the expenses incurred for the totality of the services rendered in the case. Any interim fees or reimbursement of expenses approved by this Court I
I and received by the Firm Will be credited against such final fees and expenses as may be 2
allowed by this Court.
3
- 10.
The Firm represents and warrants that its billing practices comply with all 4
Northern District of California Bankruptcy Local Rules and Compensation Guidelines and 5
the Guidelines of the Office of the United States Trustee. Neither the Firm nor any members 6
of the Firm has any agreement or understanding of any kind or nature to divide, pay over or 7
share any portion of the fees or expenses to be awarded to the Firm with any other person or 8
attorney except as among the members and associates of the Firm.
9 10 WHEREFORE, the Firm respectfully requests that the Debtor pay compensation to the Firm 11' as requested herein pursuant to and in accordance with the terms of the 'ORDER 12 ESTABLISHING INTERIM FEE APPLICATION AND EXPENSE REIMBURSEMENT 13 PROCEDURE."
14 Dated: December 30, 2002 FTI Consulting Inc.
152 16 By: -2a 4'>
Thomas E. Lumsden, 17 Senior Managing Director 18 19 20 21 22 23 24 25 26 27 28 WD 071701/1-14199031421931767/v-Pacific Gas and Electric Summary of Time By Professional For the Period November 1, 2002 Through November 30, 2002 Professional Agam, Amir Amaya, Jennifer Ghazi, Maryam Ho, Rocky Iking, Floris Kim, Angela Kitchin, Jennifer Lumsden, Tom Perfit, Ryan Reiss, Freddie Sin, Theresa Young, Allison Yozzo, John Title Consultant Consultant Director Managing Director Consultant Paraprofessional Director Sr. Managing Director Associate Sr. Managing Director Associate Director Director Totals Page I of 1 Time Total 24.6 43.2 46.3 118.1 7.4 29.0 78.1 167.5 116.4 41.7 101.3 158.8 1.4 933.8 Billing Rate 290 275 425 475 290 55 425 595 215 595 185 425 425 Fee Total
$7,134
$11,880
$19,678
$56,098
$2,146
$1,595
$33,193
$99,663
$25,026
$24,812
$18,741
$67,490
$595
$368,048 Exhibit 1
Exhibit 2 Task Code Pacific Gas and Electric Summary of Time By Task Code Novebmer 1, 2002 through November 30, 2002 Time Total Asset Sales/Valuation Issues Bankruptcy ReportinglOperations Cash Flow Analysis Claims Analysis CPUC Review CPUC/OCC Plan of Reorganization, DWR Contracts/Analysis Fee Application FERC Review Financial Statement Modeling Financial Statements General Committee Matters Legislative Review Plan of Reorganization/Negotiations Subcommittee Matters Travel Time Totals Fee Total 149.1 109.4 99.3 25.6 44.0 182.5 33.9 14.8 3.1 73.4 25.3 13.1 12.8 145.4 0.6 1.5 933.8
$52,844
$29,374
$39,825
$11,637
$19,458
$102,019
$11,423
$4,338
$1,641
$18,177
$7,955
$6,905
$5,491
$55,715
$357
$893
$368,048 Page 1 of I
Exhibit 2-1 Professional Pacific Gas and Electric Time Reporting Detail Reporting by Task Code November 1, 2002 through November 30, 2002 Date Hours Billing Rate Fees Description Task Code:
Asset Sales/Valuation Issues Again, Amir Agam, Amir Again. Amir Again, Amir Agam, Amir Again, Amir Agam, Amr Again, Amir Agam. Amir Again, Amir Again. Amir SubTotal:
Again, Amir Amaya, Jennifer Amaya, Jennifer Amaya, Jennifer Amaya, Jennifer 11/1/2002 4.3
$290 11/4/2002 11/5/2002 11/5/2002 11/6/2002 11/6/2002 1116/2002 11/6/2002 11/7/2002 11/7/2002 11/11/2002 11/1/2002 11/6/2002 34 0.8 1.8 09 1.5 1.8 2.9 2.2 1.7 33
$290
$290
$290
$290
$290
$290
$290
$290
$290
$290 24.6 1.4
$275 26
$275 11/6/2002 2.1
$275 11/6/2002 3.2
$275
$1,247.00 Compile and review valuation multiples on utility transactions.
$986.00 Coordinate and perform research on utility transactions for multiple analysis.
$232.00 Begin write-ups of companies used in multiple analysis.
$522.00 Continue work on utility multiple valuation.
$261.00 Update market multiple analysis.
$435 00 Update transaction multiple analysis to include new data, such as type of utility and time to close.
$522.00 Edit transaction amounts from information purchased from third party and public filings for transaction multiple analysis.
$841.00 Write summaries and select comparables for transaction multiple analysis.
$638 00 Calculate and review valuation multiples for Hydro and Nuclear generation plants.
$493.00 Review information from FERC compared to SEC data for certain utilities used in multiple analysis.
$957.00 Perform quality control and review market multiple analysis.
$7,134.00
$385.00 Prepare summary of companies in the electric utility Industry for valuation and comparables research.
$715 00 Update valuations of separate business units to reflect preferred stock, restricted cash and minonty interests.
$577.50 Update the previous presentation regarding PwC's assessment of comparable companies to PG&E's reorganized businesses to reflect updated valuations and FTI's updated assessment.
$880 00 Review 0OK's of comparable companies to the Genco business to update presentation with comparable company descriptions.
Friday, December 20, 2002 Page I of 32
Date Hours Billing Rate Fees Description Amaya. Jennifer Amaya, Jennifer Amaya. Jennifer Amaya, Jennifer Amaya, Jennifer Amaya, Jennifer Amaya, Jennifer Amaya, Jennifer Amaya, Jennifer Amaya, Jennifer Amaya, Jennifer Amaya, Jennifer Amaya, Jennifer SubTotal:
- Amaya, Ghazi, Maryam Ghazi, Maryam Ghazi, Maryam Ghazi, Maryam Ghazi. Maryam Ghazi, Maryam Jennt Friday, December 20, 2002 Professional 11/7/2002 3.7
$275
$1,017.50 Review IOK's of comparable companies to the gas transmission business to update presentation with comparable company descriptions.
11/7/2002 4.3
$275
$1,182.50 Review 1K's of comparable companies to the Disco business to update presentation with comparable company descriptions.
1118/2002 09
$275
$247.50 Quality review financial data in the valuation model for the gas transmission business.
1118/2002 2.3
$275
$632.50 Quality review financial data in the valuation model for the Integrated utility.
1118/2002 1.6
$275
$440 00 Quality review financial data In the valuation model for the Disco business.
11/8/2002 2.1
$275
$577.50 Update the presentation regarding FTI's assessment of comparable companies to PG&E's reorganized businesses.
11/8/2002 1,1
$275
$302.50 Quality review financial data in the valuation model for the Genco business.
1112/2002 66
$275
$1,815.00 Prepare work papers for remaining 11 integrated utilities.
11/12/2002 1.4
$275
$385.00 Update the valuation to incorporate feedback of the integrated utilities valuation.
11/12/2002 1 3
$275
$357.50 Research Dominion and DTE Energy and add to integrated utility valuation.
1112/2002 05
$275
$137.50 Review comments regarding the quality review completed for four of the integrated utilities.
11/13/2002 2.4
$275
$660.00 Update presentation with comments and questions from A. Young. Also update for additional comparables added.
1/13/2002 3.6
$275
$990.00 Prepare tied out work papers for presentation on separate business units and the integrated utilities.
fer 41.1
$11,302.50 11/13/2002 53
$425
$2,252.50 Organize backup documents for the Total utility valuation, and quality check the valuation and source to backup documents 11/14/2002 38
$425
$1,615.00 Quality check the valuation.
11/1412002 1.1
$425
$467.50 Obtain documents for the divisional valuations.
11/14/2002 3.1
$425
$1,317.50 Quality check the source to backup documents for the total utility valuation.
11/15/2002 38
$425
$1,615 00 Perform valuations on different entities.
11/15/2002 2.6
$425
$1,105 00 Quality check the source to backup documents for valuation on each entity.
Page 2 of 32
Professional Date Hours Billing Rate Fees Description Ghazi, Maryam 11/15/2002 Ghazi, Maryam 11/18/2002 Ghazi, Maryam 11/18/2002 Ghazi, Maryam 11/18/2002 SubTotal:
Ghazi, Maryam Ho, Rocky 11/8/2002 Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky SubTotal:
Ho, Rocky Iking, Flons lking, Flons iking, Flons Iking, Floris Iking, Flons Iking, Flons Iking, Flons Iking, Flons Iking, Flons lking, Flods
]king, Flons Friday, December 20, 2002 11/8/2002 11/21/2002 11/26/2002 11127/2002 4.1 3.8 3.3 2.9
$425
$425
$425
$425 33 8 1.4
$475 1.6 1.4 1.1 0.8
$475
$475
$475
$475 6.3 11/25/2002 0.7
$290 11/25/2002 0.7
$290 11/25/2002 0.7
$290 11125/2002 0.8
$290 11/25/2002 0 8
$290 11/25/2002 06
$290 11/26/2002 0.7
$290 11/26/2002 0 6
$290 11/26/2002 0.6
$290 11/26/2002 0.5
$290 11/26/2002 0.7
$290
$1,742.50 Obtain documents for the divisional valuations.
$1,615 00 Gather financial information for completing valuations of Subs.
$1,402.50 Create an audit support binder for valuations.
$1,232.50 Complete valuations of Subs.
$14,365.00
$665.00 Review and analyze certain components of the Murphy Expert Report as rebuttal expert witness for the debtor.
$760.00 Review and analyze Huron valuation report in support of liquidation report.
$665.00 Review assessment of debtor's valuation report prepared by Huron.
$522.50 Review draft of comparable market value analysis.
$380 00 Review revised utility comparative analysis - market comps.
$2,992.50
$203 00 Prepare market valuation comparable analysis for:
DTE.
$203 00 Prepare market valuation analysis for: Cinergy.
$203 00 Prepare market valuation comparable analysis for:
MDU Resources Group
$232.00 Prepare market valuation comparable analysis for TXU Corporation.
$232.00 Prepare market valuation comparable analysis for:
The Southern Company.
$17400 Prepare market valuation comparable analysis for:
Avista.
$203.00 Prepare market valuation comparable analysis for:
Duke Energy.
$174 00 Prepare market valuation comparable analysis for:
SCANA.
$174.00 Prepare market valuation comparable analysis for:
PSEG.
$14500 Review and revise market valuation comparable summary worksheet.
$203 00 Prepare market valuation comparable analysis for:
Entergy.
Page 3 of32 Professional Date Hours Billing Rate Fees Descriptiont
Professional Date Hours Billing Rate Fees Description 7.4
$Z,146 00 1112/2002 1.7
$595
$1,011.50 Review expert reports of Huron Consulting on valuation and deposition of Ed Murray. Follow up on comments and review comparable companies for valuation analysis.
Lumsden, Tom Lumsden. Tom "Lumsaen. Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom SubTotal: Lumsden, Tom Sin, Theresa Sin, Theresa Sin, Theresa SubTotal:
Sin, Theresa Young, Allison Young, Allison Young, Allison, Young, Allison Young, Allison 11/4/2002 1.1
$595 1115/2002 0.9
$595 11/12/2002 1.4
$595 11/13/2002 0.9
$595 11/13/2002 0.7
$595 11/18/2002 0.6
$595 11126/2002 0.5
$595 7.8 11/19/2002 2.3
$185 11/20/2002 2.8
$185 11/21/2002 1.9
$185 7
11/1/2002 0.7
$425 11/4/2002 0.9
$425 11/5/2002 3.1
$425
$654 50 Research Kosturas liquidation and Huron valuation for liquidation assessment following discussion on best interests analysis with counsel.
$535 50 Review comparison of Huron valuation to FTI valuation and comments of A. Young on same.
$833.00 Review utlity transaction selection and data and utility comparable selection to assess appropriate categorization for comparables.
$535 50 Review comparable utility transaction data and multiples in PG&E liquidation analysis and forward comments to A. Young re measurement of equity in Joint Plan.
$416 50 Review liquidation analysis of PG&E critique and market multiples and forward to S. Victor and B.Hermann as final draft.
$357.00 Assemble and forward utility comparables data and multiples analysis to C. Strand to assist in analysis of revolver credit requirements.
$297.50 Review comps for integrated utilities.
$4,641.00
$425 50 Review comp analysis presentation and update with new analysis, add summaries of new comps.
$518.00 Continue work on comps presentation: research summanes, edit and reformat other summaries
$351.50 Make final edits and change to valuation presentation.
$1,295.00
$297.50 Perform comparable transaction valuation work on the integrated PG&E utility (valuation)
$382 50 Review work done on PG&E valuation (valuation)
$1,317.50 Prepare comparable company transaction multiple analysis 11/6/2002 1.6
$425.
$680.00 Prepare summary of comparable utility transaction multiples 1118/2002 1.3
$425
$552.50 Review updates to FTI's valuation of PG&E Friday, December 20, 2002 SubTotal:
Iking, F/ons Lumsden, Tom Date Hours Billing Rate Fees -
Description Professional Page 4 of32
Professional Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young. Allison SubTotal:
Young, Alliso, Yozzo, John SubTotal:
Yozzo, John T o ta l: A sse t S ale s i!a lu atC Task Code :
Bank Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Date 11/12/2002 11112/2002 11/12/2002 11/12/2002 11/13/2002 11/21/2002 11/25/2002 n
11/7/2002 ion Issue cruptcy R HO, Hot eporting/Operations 11/4/2002 1.1
$475
$522.50 Review debtor's monthly operating reports.
11/5/2002 1.2
$475
$57000 Review and analyze debtor's proposed lease stipulations.
11/8/2002 1.5
$475
$712.50 Review recent 8K filing of debtor re: financial restructuring of its NEG unit and the impact to parent.
11/8/2002 2 2
$475
$1,045.00 Review and analyze debtor's motion for authonty to enter into certain power procurement contracts with the DWR.
11/11/2002 2.4
$475
$1,140 00 Review and analyze debtor's proposed ex parte application for order authonzing compromise of" administrative appeal re.IERC credits.
11/11/2002 1.2
$475
$570.00 Review and analyze briefs prepared by CPUC and SCE in support of the CA Supreme Court to hear certified questions raised by the 9th Circuit.
11/12/2002 1.2
$475
$570 00 Review and analyze trading / market value of IERC credits per debtor's proposed settlement re Hunter's Point.
11/12/2002 2.5
$475
$1,187 50 Review status of FTI I PwC produced documents provided to Milbank in response to debtor's subpoena.
Friday, December 20, 2002 Page 5 o.32 urs Billing Rate Fees Description 1 2
$425
$51000 Review valuation model based on comparable market companies.
1 2
$425
$510.00 Review updated presentation on CPUC and PG&E POR valuations.
3.5
$425
$1,487.50 Update valuation of comparable company data.
1.4
$425
$595.00 Create comparable transaction valuation to support the CPUC PaR.
0.8
$425
$340.00 Continue review of PG&E valuation presentation.
1.1
$425
$467.50 Analyze adjustments that may be needed to Huron valuation due to sizable cap ex requirements of the business units.
2.9
$425
$1,232 50 Update valuation of integrated utilities for latest quarterly filings.
19.7
$8,372.50 1.4
$425
$595.00 Retrieve various historical financial statement data and market data for 20 utility/power companies 1.4
$59500 149.1
$52,843.50
Date Hours Billing Rate Fees Description 11/12/2002 1.3
$475 11/14/2002 1.1
$475 11/18/2002 2.2
$475 Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky 11/20/2002 11/22/2002 SubTotal: Ho, Rocky Kim, Angela Kim, Angela Kim, Angela Kim, Angela Kim. Angela Kim. Angela Kim. Angela Kim, Angela 1.1 1.3
$475
$475 11/25/2002 1.3
$475 11/25/2002 1.7
$475 11/27/2002 08
$475 262 11/8/2002 3.1
$55 11/12/2002 39
$55 11/15/2002 2
$55 11117/2002 54
$55 11/18/2002 -
2.1
$55 11/19/2002 11/20/2002 11/21/2002 1.8
$55 1.2 0.8
$55
$55
$617.50 Review and analyze debtor's motion to enter into certain power procurement contracts including supporting declarations.
$522.50 Review and analyze the Jefferson Smurfit stipulation.
$1,045.00 Review and analyze vadous stipulations Including Hunter's Point, Diablo Canyon, Enron and others.
$427.50 Review data request from counsel re:reference to capex issues.
$570.00 Review and analyze updated Jefferson-Smurfit stipulation and supporting documentation.
$522.50 Review and analyze debtor's stipulation re.PC Bonds.
$617.50 Review and analyze debtor's motion to resume procurement function of the net short position.
$617.50 Review and analyze declaration of Roy Kuga in support of debtor's motion for authority to resume power procurement of the net short for FY 2003.
$807.50 Review and analyze debtor's motion for authorization to resume power procurement, Including procurement of the residual net short position and to Incur post-petition secured debt.
$380.00 Review and analyze debtor's motion re:Hunter's Point settlement.
$1Z445.00
$170 50 Review and record documents from other professionals and recent court filings.
$214.50 Pull and review documents for Discovery, in PG&E trial
$110.00 Review and record documents from other professionals and recent court filings.
$297.00 Review and record documents from other professionals and recent court filings.
$115.50 Review and record documents from other professionals and recent court filings.
$99.00 Review and record documents from other professionals and recent court filings.
$66.00 Review and record documents from other professionals and recent court filings
$44.00 Review and record documents from other professionals and recent court filings 11/22/2002 2.2
$55
$121.00 Review and record documents from other professionals and recent court filings.
Friday, December 20, 2002 11/18/2002 0.9
$475 11/18/2002 1.2
$475 Kim, Angela Professional Page 6 of 32
Kim, Angela 11/25/2002 1.6
$55
$8800 Review and record documents from other professionals and recent court filings.
Kim, Angela 11/26/2002 2.4
$55
$132.00 Review and record documents from other professionals and recent court filings.
Kim, Angela 11/27/2002 2.5
$55
$137.50 Review and record documents from other professionals and recent court filings.
SubTotal:
Kim, Angela 29
$1,595 00 Kitchin, Jennifer 11/6/2002 1.6
$425
$68000 Review industry articles/news on case updates.
Kitchin, Jennifer 11/12/2002 2.9
$425
$1,232.50 Research Corp financial health and impact on debtor.
Kitchin, Jennifer 11/12/2002 2.6
$425
$1,105.00 Research impact of NEG bankruptcy on debtor.
Kitchin, Jennifer 11/1212002 3.3
$425
$1,402.50 Review Corp. Credit Agreement Kitchin, Jennifer 11/19/2002 0 6
$425
$255 00 Review parent debt ratings letters SubTotal:
Kitchin, Jennifer 11
$4,675 00 Reiss, Freddie 11/20/2002 0.3
$595
$178.50 Read Fitch ratings report.
SubTotal: Reiss, Freddie 03
$178.50 11/1/2002 1.1
$185 11/11/2002 3.2
$185 11/111/2002 1.1
$185 11/11/2002 38
$185 11/12/2002 4.3
$185 11/12/2002 3.1
$185 11/12/2002 11/13/2002 11/15/2002 11/17/2002 1.8 3.1 0.2 3.8
$185
$185
$185
$185
$203.50 Review Celerity's Doc database and search for PG&E waterfall model.
$592.00 Research Analyst reports for PGE Corp, NEG and Company debt Read 10k. Read 8K on change in debt and additional corp. debt.
$203.50 Go over doc. Database and compile data request to Celenty for PGE docs.
$703.00 Sort through PwC and FTI documents for Discovery Process in Confirmation Heanngs.
$795.50 Submit second data request to Celerity for PGE docs. Go to Celenty and review docs in data room.
$573 50 Review docs for discovery process in Confirmation hearings. (AK and CD).
$333 00 Analyst research on PGE Corp.
$573.50 Print out final version of CPUC/OCC plan and work docs. Compile all docs for discovery process and mail to Milbank.
$37.00 Discuss with Milbank to docs sent for Discovery
$703 00 Help A Kim with organizing docs for FTI's PGE database.
Friday, December 20, 2002 Sin, Theresa Sin, Theresa Sin, Theresa Sin, Theresa Sin, Theresa Sin, Theresa Sin, Theresa Sin, Theresa Sin, Theresa Sin, Theresa Professional Date Hours Billing Rate Fees Description Page 7 of 32
Date Hours Billing Rate Fees Description Sin, Theresa 11 Sin, Theresa 11 Sin, Theresa 11 Sin, Theresa 11 SubTotal:
Sin, Theresa Young, Allison Young, Allison 1
Young, Allison 1
Young, Allison 1'
Young, Allison 1
SubTotal:
Young, Allison Total: Bankruptcy Reporting/Opera 1/18/2002 1.8
$185
/19/2002 1/19/2002 28 1.8
$185
$185 1/21/2002 0.4
$185 32.3 111812002 1.8
$425 1/11/2002 1/15/2002 1/20/2002 2.9 0.4 4.3
$425
$425
$425 1/26/2002 1.2
$425 10.6 109.4
$333.00 Review and request data from Celerity
$518.00 Research approved cap ex for Etrans.
$333.00 Ratebase research for 2002, find PG&E presentation on website, go over CPUC filings.
$74.00 Review projected rate base presentation by PGE on web
$5,975.50
$765.00 Review potential impact of Parent/NEG's financial condition on PG&E's ability to emerge from bankruptcy
$1,232.50 Pull documents for PG&E subpoena.
$170,00 -
Respond to S&P questions on bilateral contract.
$1,827.50 Research and review approved electric transmission projections on the ISO and CPUC websites
$510.00 Review emails with updates on plans and recent court activities and filings.
$4,505.00
$29,374.00 Task Code :
-Cash Flow Analysis 11/4/2002 0.6 11/5/2002 1.6 11/11/2002 1.3 11/15/2002 11119/2002 11/19/2002
$475
$475
$475 1.1
$475 1.8
$475 2.5
$475 11/21/2002 1.2
$475 11/22/2002 1.2
$475
$285.00 Review debtor's Q3 capex update.
$760.00 Review and analyze supporting documentation re.debtor's proposed capex re Pit 3,4 and 5.
$617.50" Review debtors capex expenditures to date and compare to projections for FY 2003.
$522.50 Review UBS financial model re.free cash flows.
$855.00 Review PG&E Corp's cash flow impact based on restructured NEG credit agreement.
$1,187.50 Review cash flow needs of PG&E Corp and amended credit agreement re:dividend restrictions and other negative covenants; collateral constraints; NEG-specific Issues, others
$570 00 Review and comment on presentation on PG&E Corp's cash flow and possible impact to Plan feasibility issues.
$570.00 Review and analyze supporting documentation re Diablo Canyon Turbine Replacement project Friday, December 20, 2002 Ho. Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho. Rocky Ho. Rocky Ho, Rocky Ho, Rocky Professional Page 8 of 32
Professional Date Hours Billing Rate Fees Descr:ption Ho, Rocky Ho, Rocky SubTotal: Ho, Rocky Kitchin, Jennifer 11/25/2002 1.2
$475 11/27/2002 1.1
$475 13.6 11/11/2002 2.2
$425 Kitchin, Jennifer 11/11/2002 Kitchin, Jennifer 11/11/2002 Kitchin, Jennifer 11/13/2002 Kitchin, Jennifer 11/14/2002 Kitchin, Jennifer 11/14/2002 Kitchin, Jennifer 11/15/2002 Kitchin, Jennifer 11/15/2002 Kitchin, Jennifer 11/18/2002 Kitchin, Jennifer 11/18/2002 Kitchin, Jennifer 11119/2002 Kitchin, Jennifer 11/20/2002 Kitchin, Jennifer 11/21/2002 SubTotal:
Kdtchin, Jennifer Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom 1.8 32 37 2.6 4.1 3.7 4.7 2.4 3.9 6.4 3.8 2.3
$425
$425
$425
$425
$425
$425
$425
$425
$425
$425
$425
$425 44 8 11/8/2002 0.8
$595 11/13/2002 0.7
$595 11/14/2002 11/19/2002 11/19/2002 05 06 04
$595
$595
$595 11/20/2002 0.8
$595
$570 00 Review internal debtor's management analysis and discussion re:Diablo Turbine replacement project.
$522.50 Review and analyze Diablo Canyon management report on feasibility.
$6,460.00
$935 00 Reviewed/analyzed old Corp. financials
$765 00 Reviewed PG&E Parent CF presentations
$1,360 00 Researched filings re: corp. debt structure
$1,572.50 Summanze Corp. Credit Agreement
$1,105.00 Compile est. of Parent CF
$1,742.50 Parent CF estimate summary
$1,572.50 Summarize model assumptions for Parent CF
$1,997.50 Construct financial model - Parent CF
$1,020.00 Revise Parent CF model
$1,657 50 Refine Parent CF analysis
$2,720 00 Revise parent CF analysis; reformat presentation
$1,615 00 Finalize draft parent CF presentation
$977.50 Amend & review Parent CF analysis
$19,040 00
$476 00 Review motion for payment of committee expenses for S&P fee on credit rating on Joint Plan structure.
Review vanous PG&E motions for payment of plan implementation costs.
$416.50 Review Parent loan analysis and terms and assess impact on PG&E credit ratings and impact on utility.
$297 50 Review PG&E parent cash flow and debt terms.
$357 00 Review parent debt analysis and ratings impact.
$238.00 Review Parent cash flow presentation and debt analysis. Review PG&E POR dividend analysis and reinvestment of earnings.
$476 00 Review capex analysis and headroom rollforward.
Friday, December 20, 2002 Professional Date Hours Billing Rate Fees Description Page 9 of 32
Hours Billing Rate 08
$595 Lumsden, Tom 4.6 11113/2002 3.2
$185 Sin, Theresa Sin, Theresa Sin. Theresa Sin, Theresa Sin, Theresa Sin, Theresa Sin, Theresa SubTotal:
Sin, Theresa Young, Allison Young. Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Friday, December 20, 2002 11/14/2002 11/14/2002 11/14/2002 11/20/2002 11/21/2002 11/21/2002 11/22/2002 1118/2002 11/14/2002 11/14/2002 11119/2002 11/1912002 11/20/2002 11/20/2002 11/20/2002 11/20/200 11/21/200 1.2 1.8 2.1 1.6 0.9 2.8 2.4
$185
$185
$185
$185
$185
$185
$185 16 14
$425
,2.3
$425 04
$425 1.7
$425 1.8
$425 S
-1.8.
$425 2
0.9
$425 2
34
$425 0.51 0.6
$425
$425 Date 11/22/2002 Page 10 of32 Professional Lumsden, Tom SubTotal:
Sin, Theresa Fees Description
$476.00 Review R.Ho memo on capex request by PG&E for Jefferson-main transmission expansion. Review materials.
$2,737.00
$592.00 Read T.Lumsden email with attachments of past Corp information and presentations. Briefly review 100 filed today-the supplemental indenture on the 9 5% convertable sub notes.
$222.00 Read and add restricted cash from Interest Reserve into corp. cash flow model.
$333 00 Compile Corp research, figure out assumptions for Corp CF model
$388 50 Make changes to Corp CF model.
$296.00 Research under collected costs of $9b in past Q's, try to reconcile PGE's calculation.
$16650 Insert debt history slide into corp. presentation and Parent financials model.
$518.00 Summarize credit agreement history for Corp.
$444.00 Reformat and insert PGE financial projections model with cap ex chart.
$2,960 00
$595.00 Review terms of debt outstanding at Corporate, NEG, and the utility and the related guarantees
$977.50 Calculate unrecovered power purchase costs.
$170.00 Review financial findings from depositions.
$722.50 Analyze how $9 billion Filed rate doctrine claim was calculated by PG&E.
$765.00 Review other factors that would impact PG&E's capital expenditure projections.
$765 00 Update FTI's calculation of headroom.
$382.50 Review subjective costs In PG&E's approved rates, or costs at risk from CPUC decisions.
$1,445.00 Prepare schedule of PG&E projected capital expenditures compared to CPUC approved expenditures.
$212.50 Research data points to support FTI's headroom calculation.
$255 00 Rollforward rate base from 2001-2002.
2 2
Date Hours Billing Rate Fees Description Young, Allison Young, Allison Young, Allison SubTotal:
Young, Alhiso 11/24/2002 1.6
$425 11/24/2002 1 3
$425 11/25/2002 2.6
$425 n
20.3
$680 00 Research historical capital expenditures and reasons for fluctuations in PG&E's 1996-2001 SEC filings.
$552.50 Prepare analysis of histoncal versus projected capital expenditures.
$1,105 00 Expand footnote disclosure for court exhibits on capital expenditure details forT. Lumsden testimony
$8,627.50 Total: Cash Flow Analysis Task Code:
Claims Analysis Ho, Rocky Ho, Rocky Ho, Rocky SubTotal:
Ho, Rocky Lumsden. Tom Lumsden, Tom Lumsden, Tom Lumsden. Tom Lumsden, Tom SubTotal:
Lumsden, Tom Perfit, Ryan SubTotal:
Perfit, Ryan Reiss, Freddie 11/7/2002 08
$475 11/8/2002 1 3
$475 11/25/2002 0 8
$475 2.9 11/6/2002 0.3
$595 11/6/2002 1 2
$595 11/7/2002 1.2
$595 11/7/2002 0.9
$595 11/11/2002 06
$595 4.2 11/6/2002 1.7
$215 1.7 11/7/2002 1 5
$595
$380 00 Review and analyze claims update presentation.
$617.50 Review and analyze debtor's expert report re:
litigation and other tort action claims.
$380.00 Review reply to debtor's opposition to claimant Santos Gonzalez Herrera's motion for reconsideration of order disallowing claim.
$1,377.50
$178 50 Review materials obtained in claims meeting and development of presentation to creditors committee.
$714.00 Participate in meeting with PG&E staff and consultants to review claims status in case with A.
Young.
$714 00 Review deposition of Fong Wan and supporting exhibits re claims detail of generators. Review schedules and assess claims reserve, cash requirement for effective date.
$535.50 Review claims analysis for presentation to creditors committee meeting. Review underlying documents from Celerity.
$357.00 Review schedules on generator claims attached to Fong Wan deposition and reconcile categories to FTI summary.
$2,499.00
$365.50 Review and revise the claims presentation for updated claim totals.
$365.50
$892 50 Review claims analysis.
Friday, December 20, 2002 99.3
$39,824.50 Professional Page 11 of 32
Professional Date Hours Billing Rate Fees SubTotal: Reiss, Freddie 1.5 Young, Allison 11/6/2002 2.8
$425
$1,190.00 Young, Allison 11/6/2002 1.6
$425
$680 00 Young, Allison 1116/2002 1.2
$425
$510.00 Young, Allison 11/6/2002 3.1
$425
$1,317.50 Young, Allison 11/6/2002 0.7
$425
$297.50 Young, Allison 11/7/2002 0.8
$425
$340.00 Young, Allison 11/7/2002 0.4
$425
$170.00 Young. Allison 11/7/2002' 2.4,
$425
$1,020.00 Young, Allison 11/13/2002 1.5
$425
$637.50 Young, Allison 11/14/2002 0.5
$425
$212.50 Young, Allison -
11/21/2002 0.3
$425
$127.50 SubTotal:
Young, Allison 15.3
$6, Total: Claims Analysis 25.6
$11, Task Code:
CPUC Review Ho, Rocky 1115/2002 0.8
$475 -"
$38000 Ho, Rocky 11/2712002 0.8
$475
$380.00 Ho, Rocky 11/29/2002 1.1
$475,
$522.50 SubTotal: Ho, Rocky 2.7
$1 Lumsden, Tom 111/6/2002 1.1
$595
$654.50 Lumsden, Tom 11/6/2002 1 2
$595
$714.00 Lumsden, Tom 11/712002' 0.4
$595
$238.00 Description 892.50 Update creditor recovery analyses based on new ash and claims data Review generator claims details Attend meeting with PG&E on the claims econciliabon process Create presentation to creditors on current claims status Prepare for claims meeting with PG&E Complete creditor recovery analysis Call with lathan Annand on pending claim issues Finalize OCC presentation on the PG&E Claims analysis and email to committee Update cash and claims on comparable transaction analysis.
Review expected environmental and litigation claim payments.
Discuss generator claims with PG&E.
.502.50 637.00 Review and analyze recent CPUC rulings and future calendar of events.
Review and analyze J Lo's testimony re:headroom calculation of $2.1B.
Review and analyze TRA I regulatory impact based on CPUC and debtor's expert witnesses.
,282.50 Review listings and details of recent CPUC filings, including procurement Issues.
Review declaration and exhibits of PG&E expert from SG Cowan on feasibility of Joint Plan.
Review CPUC actions of Nov 7.
Friday, December 20, 2002 Page 12 of 32
Professional Date Hours Billing Rate Fees Description Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden. Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden. Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden. Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom 11/7/2002 1.1
$595 11/8/2002 09
$595 1119/2002 1.6
$595 11/10/2002 11/10/2002 1.1 0.9
$595
$595 11/10/2002 1.5
$595 11/12/2002 11/12/2002 11/13/2002 11/13/2002 11113/2002 11113/2002 11/13/2002 11/13/2002 11/13/2002 11/14/2002 11/15/2002 11/15/2002 0.3 0.5 0.7 1.1 06 07 1.5 0.5 0.8 1.8 0.4 13
$595
$595
$595
$595
$595
$595
$595
$595
$595
$595
$595
$595
$654.50 Review Standard and Poors presentation materials prepared by CPUC for Creditors Committee meeting discussion. Review of underlying CPUC decisions on same.
$535 50 Review email from E. Feo re surcharge for Direct Access and review reports from TURN on same.
Assess impact on plan projections.
$952.00 Review motions and filings by PG&E re procurement of net short and CPUC decisions to support same.
Review declarations to support motion.
$654.50 Review CPUC filing with Califomia Supreme Court re 9th Circuit decision on Lynch case.
$535 50 Review sections of AB 1890 and Calif Public Utility Code on authority of commission re rate changes and impact on headroom cash.
$892.50 Review Edison filing with Calif Supreme Court re 9th circuit decision. Assess impact on CPUC authority issue and affect on rate setting by CPUC re headroom retention.
$178.50 Telephone call with E. Feo re filed rate case and altematives re CPUC authority.
$297 50 Review files on 9th Circuit decision pertaining to aspects of filed rate case.
$416.50 Review FTCR filing in SCE vs. Lynch dated November 5, 2002.
$654 50 Review PUC code section 840-847 for support re financing orders.
$357 00 Review portion of Judge Walker ruling on filed rate case.
$416.50 Review CPUC decision of November 7, 2002 re financing of Joint Plan.
$892.50 Review sections of Public Utility code section 399; section 701; section 728; and section 1708 for preparation for confirmation hearing.
$297.50 Review section 381 of public utility code for joint plan authority issues.
$476 00 Review public utility code section 850-859 re lien restrictions on stock of utility re PG&E Corp.
$1,071.00 Review Public Utility Code section 330-355 re restructuring to assess CTC recovery and legislation re CPUC authonty.
$238 00 Review Judge Walker decision on TURN appeal of SCE vs.Lynch settlement.
$773 50 Review public utility code section 300-380 re restructuring of electncity market.
Friday, December 20, 2002 Professional Date Houirs Billing Rate Fees Descriptiont Page 13 of32
Date Hours Billing Rate Fees Description Lumsden, Tom 11 Lumsden, To'm 11 SubTotal:
Lumsden, Tom Sin, Theresa 1
Sin, Theresa 1
Sin, Theresa Sin, Theresa 119/2002
/26/2002 1/1/2002 1/5/2002 11/6/2002
,11/8/2002 Sin, Theresa 11/1412002 Sin, Theresa 11/15/2002 Sin, Theresa 11/1812002 Sin, Theresa 11121/2002 SubTotal:
Sin, Theresa Young, Allison 11/14/2002 Young, Allison 11/14/2002 Young, Allison 11/20/2002 SubTotal:
Young, Allison Total: CPUC Review 1.4 0.9
$595
$595 22.3 1.7,
$185 3.5
$185 0.3 1.6 1.3 1.9 2.5
,0.4
$185
$185
$185
$185
$185
$185 13.2 2.4
$425 2.6
$425 08
$425.
5.8 44 2
2 Task Code:
Ho, Rocky Ho, Rocky Ho, Rocky CPUC/OCC Plan of Reorganization 11/1/2002 1.1
$475 11/5/2002 0.9
$475 11/6/2002 1.8
$475
$522.50
$427.50
.$855.00 Review and analyze UBS financial Information prepared for the OCC.
Review and analyze Joint Plan's motion for re solicitation.
Review and analyze Joint Plan's Confirmation Bnef and Memorandum of Points and Authority.
Friday, December 20, 2002 Page 14 of 32 Professional
$83300 Review Milbank memo on authority of CPUC re Reorg Agreement and POR.
$535.50 Review motion to resume power procurement and declaration of Roy Kuga
$13,268.50
$314.50 Review past filings, and items on the agenda for next week.
$647.50 Summarize recent CPUC filings to team (1). Also review proposals for R.02.01.011 and D.01-03-082 coming up in CPUC Agenda.
$55.50 Check Agenda for any changes to tomorrow's meeting.
$29600 Follow-up on outcome of yesterday's CPUC meebng. Read note from Milbank and current announcements on CPUC website
$240.50 Review recent filings with CPUC.
$351.50 CPUC Review - review recent filings.
$462.50 Ust various CPUC Law codes for T. Lumsden.
$74.00 Review filing on CPUC approved cap structure for PGE.
$2,442.00
$1,020.00 Research FTCR vs. Lynch
$1,105 00 Calculated cash at risk from unfavorable FTCR vs.
Lynch ruling.
$340.00 Discuss the CPUC's calculation of headroom in comparison to PG&E's and FTI's with J. Lo at CPUC.
$2,465.00
$19,458 00
Professional Date Hours Billing.!? ate Fees Descrzption Ho. Rocky Ho, Rocky Ho, Rocky Ho. Rocky Ho. Rocky Ho. Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho. Rocky Ho. Rocky Ho. Rocky Ho, Rocky SubTotal:
Ho, Rocky Lumsden, Tom Lumsden, Tom Lumsden, Tom Friday, December 20, 2002 11/6/2002 11/7/2002 11/7/2002 11/11/2002 11/12/2002 11/12/2002 11/13/2002 11/13/2002 11/14/2002 11/15/2002 11/18/2002 11/19/2002 11/20/2002 11/20/2002 1.1 2.7 1.6 2.3 2.3 1.1 17 2.2 1.4 0.8 1.1 0.9 12 2.1
$475
$475
$475
$475
$475
$475
$475
$475
$475
$475
$475
$475
$475
$475 11/25/2002 1 5
$475 11/29/2002 1.3
$475 29 1 11/1/2002 1.1
$595 11/1/2002 11/1/2002 0.4 1.1
$595
$595
$522.50 Review and analyze Joint Plan's filed Finding of Facts in support of the Confirmation Brief.
$1,282.50 Review and analyze Joint Plan's POR dated November 6, 2002.
$760.00 Review final draft of Joint Proponents application for resolicitatioin of votes.
$1,092.50 Review and analyze PG&E's trial bnef in opposition to the Joint Plan.
$1,092.50 Review Kosturos deposition and prepare observations of the liquidation analysis.
$522.50 Review Kosturos deposition and prepare observations regarding preference matters.
$807.50 Review and comment on draft observations of the Kosturos liquidation I preference matters.
$1,045 00 Review and analyze vanous expert reports (Patterson and Scotto) of ad-hoc financial committee's objection to Joint plan
$665 00 Review and analyze Hulse deposition in support of the Joint Plan.
$380 00 Review and analyze data request from debtor re:Joint Plan.
$522 50 Review Confirmation / trial summary of Joint Plan.
Cohen testimony, etc.
$427.50 Review and analyze vanous credit ratings agencies' indicative letters re:Joint Plan.
$570.00 Review credit assessment reports from S&P and Fitch.
$997.50 Review and analyze testimony of Walter Hulse, UBS Warburg in support of financing capabilities of the Joint CPUC/OCC Plan.
$712.50 Review and analyze expert report of T Murphy, SG Barr Devlin, re:investment grade feasibility of CPUC I OCC plan.
$617.50 Review and analyze debtor's tnal bnef re equity issues in opposition to the Joint Plan.
$13,822.50
$654.50 Participate in conference call with Moody's on meeting with CPUC legal team and address authonty and terms of Joint POR.
$238 00 Discuss Moody's ratings agency comments with Mike Hamilton and follow-up up on data requests.
$654.50 Review deposition and expert report of Oglemander re ratings agency determination. Prepare comments to legal counsel on same.
Page 15 of32 Professional Date Hours Billing-Rate Fees Description
Professional Date Hours Billing Rate Fees Description Lumsden. Tom Lumsden, Tom Lumsden. Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden. Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden. Tom Lumsden, Tom Lumsden, Tom Lumsden. Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom 11/1/2002 11/4/2002 11/4/2002 11/4/2002 11/5/2002 "11/8/2002 11/8/2002 11/8/2002 11/9/2002 1119/2002 11/9/2002 11/111/2002 11/12/2002 11/12/2002 11/12/2002 11112/2002 11/12/2002 11/12/2002 1.4 0.5 0.8 0.5 1.4 0.8 0.6 0.8 0.3 1.1 0.7 0.4 2.4 1.7 0.3 0.8 0.2 1
$595
$595
$595
$595
$595
$595
$595
$595
$595
$595
$595
$595
$595
$595
$595
$595
$595
$595 11/12/2002 0.4
$595
~11113/2002 1.3
$595 Friday, December 20, 2002
$83300 Review Kosturas deposition comments from R. Ho.
Review Kosturas depo data and expert report..
$297.50 Telephone call with P.Aronzon and B. Hermann re liquidation analysis and alternate views for best interests test.
$476.00 Review PG&E deposition list on Milbank website and review notes on K. Harvey deposition.
$297.50 Telephone call with J. Wilson and M. Hamilton re S&P meeting comments and follow-up.
$833.00 Prepare draft of workplan for confirmation heanng,.
research brief and filings for same.
$476.00 Download joint plan confirmation filing documents and motions for re-solicitation for preference, review these documents.
$357.00 Review materials on preference solicitation vote.
$476.00 Review workplan re confirmation hearing and support analysis for plan confirmation heanng and review of expert reports and depositions.
$178.50 Review summary of depositions of experts and request transcripts for review.
$654 50 Review CPUC confirmation brief document
$41650 Review CPUC materials on findings of fact for confirmation of Joint Plan.
$238.00 Review PG&E filings in opposition to Joint Plan confirmation.
$1,428 00 Draft reply on best interests test objections of PG&E to joint plan. Direct A. Young on valuation of Joint Plan equity based on transactions and market trading multiples.
$1,011.50 Review and critique PG&E objections to joint plan and brief. Prepare notes for follow-up.
$178.50 Telephone call with M. Hamilton and J. Wilson re PG&E objections to joint plan.
$476.00 Conference call with M. Hamilton and A. Young re review of PG&E objections to joint plan. Discuss alternative arguments and support.
$11900 Telephone call with D. Bodek at S&P re data request.
$595.00 Review Kosturas deposition transcnpt and lift out comments and findings for CPUC follow-up. Prepare memo on same.
$238 00 Telephone calls and emails with S. Victor re preparation of reply brief.
$773.50 Review Ad Hoc committee expert reports in opposition to Joint Plan by Patterson and Scotto.
Page 16 of32 Date Hours Billing Rate Fees Description Professional
Date Hours Billing Rate Fees Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden. Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom 11/13/2002 1.2
$595 11/14/2002 0.6
$595 11/15/2002 0.4
$595 11/15/2002 0 6
$595 11/15/2002 1.6
$595 11/15/2002 1.3
$595 11/1512002 1.1
$595 11/15/2002 0.5
$595 11/17/2002 1.2
$595 11/17/2002 2
$595 11/17/2002 0.6
$595 11/18/2002 04
$595 11/18/2002 6.1
$595 11/18/2002 0.9
$595
$714 00 Review bilateral contract data and rate base and discuss reconciliation of UBS and PG&E numbers in telephone calls with G. Navarette and J. Colella.
$357 00 Review deposition of W. Hulse and notes re financial projections prepared by UBS.
$238 00 Telephone call with P Aronzon re confirmation heanng schedule and testimony requirements.
$357.00 Telephone call with J Wilson re J. Rosenthal deposition details and UBS modeling questions.
Discuss confirmation heanng schedule.
$952 00 Review Walt Campbell deposition schedules in support of PG&E plan and compare with FTI data and plan numbers for Joint Plan.
$773 50 Review Ken Crews deposition of UBS re joint plan projections, feasibility and scope of work.
$654 50 Review and research questions from S&P re bilateral contracts of PG&E. Review PG&E models and load and resource data. Discussions with B. Lamb, G.
Navarette.
$297.50 Telephone call with M. Hamilton re application of SOP 90-7 on reorg accounting and discuss Illinova quasi reorg treatment
$714 00 Review PG&E trial brief on opposition to Joint Plan to summarize points.
$1,190 00 Review CPUC trial brief and support for confirmation of Joint Plan.
$357 00 Review emails and reply to inquiry on document production on capex detail. FTI modeling.
$238 00 Assemble materials for confirmation hearing trial.
$3.629.50 Participate in Joint Plan confirmation heanng in SF Bankruptcy Court Procedural scheduling matters and opening statements. Direct testimony of G.
Cohen.
$535.50 Discussions with P.Aronzon, M. Diamond and CPUC counsel re PUC sections on authority of CPUC.
11/18/2002 1.7
$595
$1,011.50 Review CPUC filings for joint plan, review Fitch credit assessment letter, review draft letter to S&P re legal opinion of CPUC.
11/19/2002 33
$595 11/19/2002 04
$595
$1,963.50 Attend confirmation heanng on Joint Plan, G. Cohen testimony and cross examination. Review CPUC code sections and estimates of excess cash from headroom.
$238.00 Read letter of G Cohen on legal authority of CPUC sent to S&P.
Friday, December 20, 2002 Professional Description Pa-ge 17 of32
Date Hours Billing Rate- 'Fees Description Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom 11/19/2002 3
11/19/2002 0.4 11/20/2002 3.9 11/20/2002 0.4 11/20/2002 2.9 11/21/2002 0.9 11/21/2002
.3 11/21/2002 3.4 11/21/2002 0.3 11/21/2002 1.1 11/22/2002 08 11/22/2002 3.6 "11/22/2002 1.4 11/23/2002
- 2.3 11/24/2002 45 11/25/2002 3.8
$595
$595
$1,785 00 Attend confirmation heanng on Joint Plan including Jeanette Low testimony on headroom, S. Victor examination re plan history, and Elliott cross re FERC Sec 203 authority.
$238.00 Review/draft workplan for confirmation hearing.
$595
$2,320.50 Attend confirmation heanng on Joint Plan, W. Hulse testimony on UBS model and financing feasibility.
Analyze detail of PG&E POR projections update Nov 2002.
$595
$238.00 Meet with Milbank counsel and provide capex analysis for discussion.
"$595
$1,725.50 Attend confirmation hearing on Joint Plan. W. Hulse testimony, review article on Calif Supreme Court accepting Issue on FTCR v. Lynch. review term sheets of UBS on securities.
$595
$535 50 Review capex analysis of PG&E Nov 2002 POR projections and underlying detail. Outline exhibit preparation for confirmation hearing re capex financing, detail comparisons, and headroom.
$595
$1,785 00 Participate in confirmation trial re Joint Plan. J.
Wilson testimony, Rule 52 motion for dismissal.
Review TRA-TCBA analysis.
$595
$2,023.00 Attend confirmation trial on Joint Plan re D. Long.
Prof. Baghwat, and J. Wilson testimony. Review and edit parent cash flow and debt analysis.
$595
$178.50 Review W. Campbell deposition schedules re capex detail.
$595
$654.50 Meet with counsel from Milbank and for CPUC re address reply to Rule 52 motion.
$595
$476 00 Review workplan including headroom, capex, Lynch decision refund, filed rate settlement, unrecovered procurement amount, rate Impact of capex levels.
$595
$2,142.00 Attend court heanng on Rule 52 motion in Joint Plan for PG&E.
$595
$833.00 Review capex analysis and source of funding In PG&E April 2002 POR. Evaluate linkage In funding of Capex between Genco and Etrans. Format file for exhibit purposes.
$595
$1,368.50 Review materials for support of joint plan, Including capex analysis for each disaggregated company and funding altematives for greater levels, review valuation of equity under joint plan, review comparables.
$595
$2,677.50 Meet with attorneys for CPUC and Milbank re strategy and analysis of filed rate case damages and settlement value, liquidation assessmenL value of joint plan equity, and capex analysis.
$595
$2,261.00 Attend hearing on confirmation of Joint Plan re testimony of Mr. Murphy and Mr. Feter.
Friday, December 20, 2002 Professional I
Page 18 o.f"32
Professional Date Hours Billing Rate Fees Description Lumsden, Tom 1
Lumsden, Tom 1'
Lumsden, Tom 1
Lumsden, Tom 1
Lumsden, Tom 1
Lumsden. Tom 1
Lumsden, Tom 1
Lumsden. Tom 11 Lumsden, Tom 11 Lumsden, Tom 11 Lumsden, Tom 11 Lumsden. Tom 11 Lumsden, Tom 11 SubTotal:
Lumsden, Tom Reiss, Freddie 1
Reiss, Freddie
- 11.
Reiss, Freddie 11, Reiss, Freddie 11I Reiss. Freddie 11 Friday, December 20, 2002 1125/2002 1/25/2002 1/25/2002 1/26/2002 1/26/2002 1/26/2002 33 0.9 1
27 1.1 0.7
$595
$595
$595
$595
$595
$595 1/26/2002 06
$595 1/26/2002 0.8
$595
/2712002 5 1
$595 129/2002 129/2002
/29/2002 2
05 22
$595
$595
$595
/30/2002 3.4
$595 103.9 1/8/200,
/11/2002
/12/2002 115/2002 118/2002 1
$595 0.5
$595 22
$595 1.8
$595 0.4
$595
$1,963 50 Attend court hearing on Rule 52 Motion decision and testimony of Mr. Murphy for PG&E
$535.50 Review capex analysis on historic basis and comparisons of PG&E capex changes, format for exhibits for attorneys.
$595.00 Meet with attorneys for CPUC and review capex analysis and exhibits prepared for tnal.
$1,606.50 Attend heanng on confirmation of Joint Plan.
Testimony of PG&E Capex witnesses and filed rate experts.
$654.50 Review valuation comparables and exhibits from Mr.
Murphy expert reports.
$416.50 Review matenals on unrecovered procurement costs of PG&E and application of TCBA, TRA and GMA accounts.
$357 00 Telephone call with attorneys for CPUC re filed rate settlement testimony, obtaining documents and setting meeting for review of findings for Sunday evening.
$476 00 Review PG&E objection to solicitation of preference vote under Joint Plan.
$3,034.50 Review PG&E Joint Plan POR provisions re filed rate settlement, review testimony of K. Harvey, review TCBA and TRA schedules from April 2000 to Sept 2002. Develop understanding for testimony on settlement of filed rate case under Joint Plan.
$1,190.00 Review TRA and TCBA and GMA account materials for each month.
$297.50 Telephone call with P. Aronzon re TCBA and TRA and filed rate settlement.
$1,309.00 Review TRA and TCBA write-ups, review PUC code sections on same in preparation for filed rate settlement testimony
$2,023 00 Review TRA-TCBA and GMA accounts for 1999 2002 for each month, understand PG&E accounting and postings, summarize detail for analysis.
$61,820 50
$595 00 Review pleadings regarding resolution of preference.
$297.50 Read counsel's motion on trial.
$1,309 00 Review PG&E trial brief. Review other pleadings and UBS analysis.
$1,071 00 Review trial brief and re solicitation pleadings.
$238 00 Read UBS highly confidential plan.
Page 19 of 32 Professional Date Hozirs Billing Rate Fees Description
Professional Date Hours Billing Rate Fees Descrzption Reiss, Freddie Reiss, Freddie Reiss, Freddie Reiss, Freddie Reiss, Freddie Reiss, Freddie Reiss, Freddie Reiss, Freddie Reiss. Freddie Reiss, Freddie SubTotal:
- Reiss, Young. Allison Young, Allison Young. Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison 11118/2002 11/18/2002 11/1912002 11/19/2002 11/20/2002 11/20/2002 11/21/2002 11/22/2002 11/25/2002 1112712002 Freddie 11/13/2002
.11/18/2002 11/1912002 11/1912002 11/21/2002 11/22/2002 11/22/2002 11/25/2002 11/26/2002 SubTotal:
Young, Allison 0.2 6.4 1
4.9 0.5 28 3.9 1
3.6 0.3 1.9
$595
$595
$595
$595
$595
$595
$595
$595
$595
$595-31.4 3.8
$425 0.8
$425 1.6
$425 1.3
$425 08
$425 1.2
$425 2
$425 2.8
$425 38
$425 18.1
$11900 Read US Government objection to CPUC Plan.
$3,808 00 Attend confirmation heanng by court conferencing.
$595.00 Read memo's from counsel regarding CPUC plan authority and CPUC opinion letter to rating agency.
$2,915.50 Listen to court confirmation hearing via Court Conferencing.
$297.50 Read memo from counsel regarding trial and daily summary.
$1,666.00 Attend confirmation hearing through Court Conferencing
$2,320.50 Attend confirmation hearing by court conferencing.
$2,142.00 Attend conference hearing through Court Conferencing.
$178 50 Trial update.
$1,130.50 Trial update from counsel and review debtor pleadings.
$18,683.00
$1,615 00 Respond to questions from S&P on the CPUC/OCC POR.
$340.00 Reconcile PG&E Cap ex schedule to OCC/CPUC POR projections.
$680.00 Review CPUC's calculation of headroom and compare to FTI's.
$552.50 Calculate benefits of CPUC plan to PG&E equity holders.
$340.00 Work on analysis of rates In CPUC POR that are at risk of future CPUC commission adjustments.
$510.00 Update analysis of costs at risk from future CPUC commission decisions.
$850.00 Evaluate / calculate ability of PG&E to fund cap ex through additional debt in CPUC/OCC POR.
$1,190.00 Review and build pyramid of cost at risk from future CPUC commission reversals.
$1,615.00 Prepare analysis on funding of CPUC capital expenditures and forward with commentary to T.
Lumsden.
$7,692.50 Total: CPUC/OCC Plan of Reorgan 182.5 Friday, December 20, 2002
$102,018 50 Page 20 of32 Professional Date Hours Billing Rate Fees Description
Date Hours Billing Rate Fees Description Task Code :
DWVR Contracts/Analysis Kitchin, Jennifer Kitchin, Jennifer Kitchin, Jennifer Kitchin, Jennifer Kitchin, Jennifer Kitchin, Jennifer Kitchin. Jennifer Kitchin, Jennifer Kitchin, Jennifer Kitchin, Jennifer Kitchin, Jennifer 11/7/2002 4.2
$425 11/8/2002 4.8
$425 11/8/2002 1.3
$425 11/8/2002 0.3
$425 11/11/2002 1.1
$425 11/13/2002 1.1
$425 11/13/2002 0.9
$425 11/15/2002 0.4 11/18/2002 1.7 11/20/2002 0.8 11/21/2002 0.9
$425
$425
$425
$425
$1,785 00
$2,040 00
$552.50
$127.50
$467.50
$467.50
$382.50
$17000
$722.50
$340 00
$382.50 Research amendments to DWR Contracts Research DWR contract amendments Review DWR contracts summary Coordinate obtaining Navigant DWR information Reviewed FTI DWR contract summary Review DWR payments in POR model Contact DWR/Navigant for NDA and access to model.
Emails re: DWR/Navigant NDA DWRlNavigant NDA review/execution Emails re: NDA: calls re: model distribution DWR contract model review SubTotal:
Kitchin, Jennifer Lumsden, Tom 11 Lumsden, Tom 11 SubTotal:
Lumsden, Tom Perfit. Ryan 1
SubTotal:
Perfit, Ryan Sin, Theresa Sin, Theresa Sin, Theresa Sin. Theresa 17.5
/13/2002 05
$595 114/2002 1
$595 15 11/8/2002 1.6
$215 1.6 11/5/2002 05
$185 11/7/2002 4.3
$185 1117/2002 08
$185 11/8/2002 1.1
$185
$7,437.50
$29750 Review reports on Williams settlement with State and modification to contract with DWR. Review contracts file.
$595.00 Review DWR website re modification to Williams contract on settlement for impact on DWR long term contracts cash requirements
$892.50
$344.00 Review of the PG&E DWR Contract Model.
$344 00
$92 50 Check DWR website and Treasury website for any updates on bond offerings.
$795.50 Review DWR Bond OF and POS, print out and start worksheet on bond terms.
$148 00 Review FTIs DWR Contracts model and check for last update with renegotiated contracts
$203.50 Review M.Neis' summary of L-T DWR contracts in model. Find website for renegotiated contracts.
Contact Milbank to get access to Navigant model on contract allocation.
Friday, December 20, 2002 Professional Page 21 of32
Professional Date Hours Billing Rate Sin, Theresa 1118/2002 1.1
$185 Sin, Theresa 11/11/2002 2.6
$185 Sin, Theresa 11118/2002 0.3
$185 Sin, Theresa 11/21/2002 1.4
$185 SubTotal: Sin, Theresa 12.1 Young. Allison 11/712002 1.2
$425 SubTotal:
Young, Allison
1.2 Total
DWR Contracts/Analysis 33_9 Task Code:
Fee Apllication Ho, Rocky 11/20/2002 1.1
$475 Ho. Rocky 11/26/2002 1
$475 SubTotal:
Ho, Rocky 2.1 Lumsden, Tom 11/23/2002 1.1
$595 SubTotal:
Lumsden, Tom 1.1 Perfit. Ryan 11/26/2002 1.2
$215 SubTotal:
Perfit, Ryan 1.2 "
Sin, Theresa 11/1512002 2.6
$185 Sin, Theresa 11/18/2002 1.6
$185 Sin, Theresa 1111912002 1.1
$185 Sin, Theresa 11 20/2002 1.1
'$185 Sin, Theresa 11/20/2002 1.1
$185 Sin. Theresa 11/22/2002 0.8
$185 Friday, December 20, 2002 Fees Description
$203.50 Review FTI's DWR Contracts model and check for last update with renegotiated contracts.
$481.00 Review L-T DWR renegotiated contracts.
$55.50 Follow-up on NDA for DWR model
$259.00 Review DWR model from Navigant.
$2,238.50
$51000 Update DWR contract model with new information on bond payments and contract allocations
$510 00
$11,422.50
$522.50 Prepare and review time detail descriptions for month ended October 2002.
$475 00 Review final draft October monthly fee application.
$997.50
$654.50 Review monthly fee statement for FTI for October 2002.
$654.50
$258.00 Make edits to the October fee application and fee application database.
$258 00
$481.00 FEE APP: print WIP, pull excel file, create expense detail and compile time for Oct fee app submittal.
$296 00 Compile time and expenses to ensure adequate disclosure.
$203.50 Review expenses exhibit and wnte-offs.
$203.50 Review time detail exhibits, check for meetings with multiple professionals.
$203 50 Work on cover letter and check with PGE orn payments made to amend table In cover letter.
$14800 Confirm PGE payment for 4th Interim Holdback and make changes to cover letter Page 22of 32
Professional Date SubTotal:
Sin, Theresa Young. Allison 11/20/2002 Young, Allison 11/20/2002 Young, Allison 11/21/2002 Young. Allison 11/2212002 Young, Allison 11/25/2002 SubTotal:
Young, Allison Total: Fee Application Task Code:
FERC Review Lumsden, Tom 11/1112002 Lumsden, Tom 11/14/2002 SubTotal:
Lumsden, Tom Young, Allison 11/11/2002 SubTotal:
Young, Allison Total: FERC Revie Task Code:
Ho. Rocky Ho, Rocky SubTotal: Ho, R Lumsden, Tom Hours Billing Rate 8.3 03
$425 0.5
$425 06
$425 04
$425 0.3
$425 2.1 14.8 1.7
$595 0.2
$595 1.9 12
$425 1.2 ew 3.1 Financial Statement Modeling 11/21/2002 1.3
$475 11/25/2002 0.9
$475 ocky 22 11/13/2002 04
$595 Friday, December 20, 2002 Page 23 of 32 Fees Description
$1,535 50
$12750 Review expense detail for the November cover letter application
$212.50 Review time detail for November cover letter application.
$255 00 Review November cover letter application.
$170.00 Review adjusted cover letter application for October time penod.
$127.50 Review and edit latest draft of November cover letter application.
$892 50
$4,33800
$1,011 50 Review FERC proceedings summary on PG&E bilateral contract for Genco to assess comparable rate structure and assess impact of FERC changes on Genco cash flows.
$11900 Review FERC press reports on investigation of Califomia power pnces
$1,130 50
$510.00 Review findings of FERC's preliminary ruling on PG&E bilateral contract.
$51000
$1,640.50
$617.50 Review and analyze UBS model re capex projections.
$427 50 Review UBS Warburg financial model re'Joint Plan issues, emphasis on capex estimations.
$1,045 00
$238 00 Review DWR revenue requirement notes and review PG&E URG decision for impact on rate base adjustment for UBS plan modeling
Professional Date Hours Billing Rate Fees Description 11/15/2002 11115/2002 11117/2002 0.4 1.6
$595
$595 0.6
$595 Lumsden,'Tom Lumsden, Tom Lumsden. Tom Lumsden, Tom Lumsden. Tom Lumsden, Tom 4 8 11/13/2002 36
$215 11/13/2002 1.9
$215 11/14/2002 4.4
$215 11114/2002 1.9
$215 11/14/2002 39
$215 SubTotal:
Perfit, Ryan Perfit. Ryan Perfit, Ryan Perfit. Ryan Perfit, Ryan Perfit. Ryan Perfit. Ryan Perfit, Ryan Perfit, Ryan Perfit, Ryan Perfit, Ryan Perfit, Ryan 55
-39 5.5 6.4 5
2.4 39
$215
$215
$215
$215
$215
$215
$215
$238 00 Research accounting under SOP 90.7 for Joint plan modeling.
$952 00 Review and compare PG&E updated projections and compare with old PG&E numbers, UBS projections, and DWR-Navigant data.
$357.00 Review PG&E capex schedules and historic capex use to assess FTI adjustments to PG&E projections.
Overlay new capex numbers from W. Campbell deposition.
$773.50 Review capex analysis and work plan for comparison of PG&E updated numbers with UBS model and old PG&E numbers.
$297.50 Review modeling of cost structure of PG&E under Joint Plan to delineate costs subject to change by CPUC in Pyramid format.
$2,856.00
$774.00 Create an analysis model for the November 2002 PG&E Plan of Reorganization for the Distribution Debtor entity.
$408 50 Create an analysis model for the November 2002 PG&E Plan of Reorganization for the Generation Debtor entity.
$946.00 Create an analysis model for the November 2002 PG&E Plan of Reorganization for the Electric Transmission Debtor entity.
$408.50 Continue to create an analysis model for the November 2002 PG&E Plan of Reorganization for the Generation Debtor entity.
$838 50 Create an analysis model for the November 2002 PG&E Plan of Reorganization for the Gas Transmission Debtor entity
$1,182.50 Review the PG&E POR model load and pnce assumptions.
$838.50 Revise Cap Ex projections analysis.
$1,182.50 Create a schedule to analyze the Cap Ex projections in the PG&E POR Model.
$1,376.00 Create a schedule to reconcile the Cap Ex projections In the PG&E POR Model to the entity detail.
$1.075 00 Create a schedule to analyze the Cap Ex projections in the PG&E POR Model.
$516 00 Research electric customer statistics.
$838.50 -
Prepare a schedule analyzing excess capital Friday, Decenmber 20, 2002 11119/2002 1.3
$595 11/26/2002 0.5
, $595 11/18/2002 11119/2002 11/1912002 11/20/2002 11/20/2002
,11/21/2002
,11/21/2002 Date Hours Billing Rate Fees Description Professional Page 24 of 32
Professional Date Perfit, Ryan 11/22/2(0 Perfit, Ryan 11/22/200 Perfit, Ryan 11/22/200 Perfit, Ryan 11/25/20C Perfit, Ryan 11/25/200 Perfit, Ryan 11/26/200 SubTotal: Perfit, Ryan Total: Financial Statement Modehin Task Code:
Financial St:
Amaya, Jennifer 11/5/200 SubTotal:
Amaya, Jennifer Kitchin, Jennifer 111 Kitchin, Jennifer 11/
SubTotal:
Kitchin, Jennifer Lumsden, Tom 1111 Lumsden, Tom 11/1 Lumsden. Tom SubTotal:
- Lumsden, Sin, Theresa Sin, Theresa Sin, Theresa 13/2002 14/2002 13/2002 1412002 11/15/2002 Tom
)2 12 12 12
'2
'2 Hours 23 1.1 2
1.9 2.9 7.9 Billing Rate
$215
$215
$215
$215
$215
$215 664 73.4 atements 2
2.1
$27 5 21 08
$425 2.3
$425 3.1 08
$595 19
$595 02
$595 2.9 11/8/2002 3.6
$185 11/12/2002 11/14/2002 1.6 04
$185
$185 Fi
$4
$2.
$4'
$4C
$62
$1,60
$577.50 Research debt covenants respective to PG&E Corp and NGE to determine potential issues of cross collateralization.
$57750
$340 00 Review 9/30/02 1OQ debt disclosure
$977.50 Review 9/30/02 10Q
$1,317.50
$476 00 Listen to 3rd quarter earnings release conference call with analysts and PG&E.
$1,130 50 Review press reports on PG&E 3rd Qtr results and review PG&E Form 10Q for disclosure on utility related items.
$119.00 Review press reports on PG&E NEG default.
$1,725 50
$666 00 Research S&P and Moody's ratings for PGE Corp, NEG and Company debt. Pnnt out 10K and start review to break down FTI's Debt Summary worksheet.
$296 00 Corp research - 8Ks, find new credit agreement.
$74.00 Print out original Indenture on convertable sub notes.
Friday, December 20, 2002 Page 25 of 32 ees Description 94.50 Review the PG&E POR model volume and price assumptions.
36 50 Research electric customer statistics.
30 00 POR and CapEx Analysis.
08.50 Review the PG&E POR model volume and pnce assumptions.
23 50 Research transmission project expenses and approvals.
98 50 Revise Plan of Reorganization and Capital Expenditure modeling.
$14,276.00
$18,177.00
Date Hours Billing.Rate Fees Description 11/14/2002 2.6
$185 11/15/2002 2.1
$185 11/20/2002 2.1
$185 12.4 11/13/2002 0.5
$425 11/13/2002 06
$425 11/13/2002 0.7
$425 11/15/2002 1.2
$425 Young, Allison 11119/2002 Young, Allison 11/20/2002 Young, Allison 11122/2002 SubTotal:
Young Total: Financial St Task Code :
Ho, Rocky Ho, Rocky Ho, Rocky 0.8 0.4 0.6
$425
$425
$425
, Allison 4.8 atements 25.3 General Committee Matters 11/7/2002 1.1
$475 11/25/2002 0.9
$475 11/27/2002 0.6
$475 SubTotal:
Ho, Rocky 2.6 Kitchin, Jennifer 11119/2002 0.4
$425 Kitchin. Jennifer 11/20/2002 0.7
$425 Kitchin. Jennifer 11/21/2002 06
$425 SubTotal:
Kitchin, Jennifer 1.7 Sin, Theresa Sin, Theresa Sin, Theresa SubTotal:
Sin, Theresa Young, Allison Young, Allison Young, Allison Young, Allison 11/7/2002 3 5
$595
$2,082.50 Participate in creditors committee meeting held at FTI offices.
Friday, December 20, 2002 Lumsden, Tom
.Professional
$481.00 Read PGE Sept 30 1OQ
$388.50 Read terms of the Indenture for corp. debt summary.
$388 50 Finish summary of Indenture for PGE Corp analysis.
$Z294 00
$212.50 Review estimate of current PROACT balance in 100
$255.00 Review PG&E September 30 100.
$297.50 Usten to replay of PG&E investor call on the September 30 100.
$510 00 Review PG&E's 9/30/02 Q for updates on company's status.
$340 00 Review PG&E's 100 filings.
$170.00 Continue review of PG&E's 9/30/02 10Q.
$255.00 Continue review of PG&E's 9 30.02 1OQ.
$2,040.00
$7,954 50
$522.50 Partial attendance In full committee meeting to review regulatory status of debtor's plan.
$427.50 Review vanous emails and correspondence from committee professionals I members.
$285.00 Review various committee correspondences and emails re'status of case.
$1,235.00
$170.00 Review emails re: confirmation hearings
$297.50 Review emails re: confirm hearings
$255.00 Review emails re: confirm hearings
$722.50
.Page 26of32
Professional Date Hours Billing Rate Lumsden, Tom 11/7/2002 05
$595 Lumsden, Tom 11/15/2002 0.6
$595 SubTotal:
Lumsden, Tom 4.6 Reiss, Freddie 11/7/2002 2 5
$595 SubTotal: Reiss, Freddie 2.5 Young, Allison 11/7/2002 1.7
$425 SubTotal:
Young, Allison
1.7 Total
General Committee Matters 13.1 Task Code :
Legislative Review Ghazi, Maryam 11/11/2002 2.5
$425 Ghazi, Maryam Ghazi, Maryam Ghazi, Maryam 11/12/2002 11/12/2002 16 4.4
$425
$425 11/13/2002 2.1
$425 Ghazl, Maryam 11/13/2002 SubTotal:
Ghazt, Maryam Lumsden, Tom 11/7/2002 1.9
$425 125 03
$595 SubTotal:
Lurisden, Tom 03 Total: Legislative Review 12.8 Task Code:
Plan of Reorganization/Negotiations Ho, Rocky 11/1/2002 1.3
$475 Friday, December 20, 2002 Fees Description
$297.50 Review agenda for creditors committee meeting and assemble materials for same.
$357.00 Telephone call with C.Strand re confirmation heanng schedule and information for new revolver under Joint Plan
$Z,737 00
$1,487.50 Creditors committee meeting with debtors.
$1,487 50
$722.50 Participate in OCC meeting with PG&E on status of their Plan.
$722.50
$6,904 50
$1,062.50 Review of supreme court documents dated 11/1/02, to determine how far back the law suit regarding the rate increase applies to
$680.00 Research legislative material as per Tom Lumsden's request.
$1,870 00 Find copies of PU sections 701,728,1708,399 2, letter filed by FTCR on 11/5, Drews deposition, Federal Power Act section 203, Judge Walker ruling 7/25/02, CPUC decision from 11/7/02
$892.50 Find legislative matenal for T. Lumsden's review.
PIER plan from 3/1101, PUC section 330-398 5 and documents in puc a 02-05-022.
$807.50 Find legislative material for T. Lumsden's review:
ab890 SECT398, PUC decision 00-06-040
$5,312.50
$178 50 Review press reports and emails on Prop D results re SF distnbution system
$178.50
$5,491.00
$617 50 Review debtor's expert witness model prepared by SG Barr Devlin.
Page 27 of.32 I
Date
'Houis Billing Rate Fees Description Ho, Rocky Ho, Rocky Ho, Rocky Ho. Rocky Ho. Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho. Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky 1.3
$475 11/1/2002 11/1/2002 11/4/2002 1116/2002 11/1412002 11/15/2002 11115/2002 11/21/2002 11/21/2002 11122/2002 11/25/2002 11/25/2002 11/25/2002 11/25/2002 11/25/2002 11/26/2002 11/26/2002
$475 1.5 0.6 1.8 1.5 1.1 1.5 1.1 I
1.1 1.6 1.1 1.1 09 08 0.9 0.8 11/26/2002 1.2
$475 11126/2002 1.1
$475 11/26/2002 0.9
$475
$475
$475
$475
$475
$475
$475
$475
$475
$475
$475
$475
$475
$475
$475
$475 Friday, December 20, 2002
$617.50 Review fraudulent transfer issues raised during Kosturos' deposition.
$712.50 Review and analyze Kosturos' deposition re:administrative expenses as a priority claim in liquidation analysis.
$285.00 Review notes from Walt Campbell deposition.
$855.00 Review and analyze Kosturos liquidation analysis re over-funded pension estimates and a comparative review to the debtor's 10Q.
$712.50 Review and analyze K Harvey deposition In support of debtor's plans
$522.50 Review and research Illinova quais reorg re:wnte-up of assets outside of bankruptcy.
$712.50 Review and analyze SOP 90-7 issues related to possible write-up of asset values.
$522.50 Review and analyze debtor's expert report by Fetter.
$475.00 Review vanous correspondence re summary of tnal to date.
$522.50 Review and analyze issues related to debtor's expert witness exhibits (C McManus) re.TRA balance.
$760.00 Review and analyze comparative assessment of debtor's April vs. Oct plan financials
$522.50 Review and analyze Fetter's expert report re.credit ratings.
$522.50 Review draft capex analysis of debtor's POR.
$427.50 Review debtor's April 2002 POR, Exhibit C projected financials.
$380.00 Review and analyze draft presentation of capex for debtor's Apnl and October 2002 submitted PORs.
$427.50 Review financial impact to utility's feasibility provided parent files for bankruptcy re:dividend restrictions.
$380.00 Review and analyze K Harvey's expert testimony re debtor's POR and the CPUC's impact on the Filed Rate Doctrine case.
$570 00 Review and analyze debtor's expert witness report of C McMannus re:TRA balancing account and its likely Impact on the Filed Rate Doctrine.
$522.50 Review credit agreement of parent and analyze cash flow Impact of NEG not being able to upstream dividends.
$427.50 Review and analyze draft of capex assessment between Apnl 2002 and October 2002 PORs.
- _Professional Page 28 of 32
Professional Date Hours Billing Rate Fees Description Ho, Rocky Ho, Rocky Ho, Rocky Ho. Rocky Ho, Rocky SubTotal:
HO, Rocky Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom 11/26/2002 08
$475 11/26/2002 1 2
$475 11/26/2002 1 2
$475 11/26/2002 0.9
$475 11/26/2002 2.1
$475 304 11/6/2002 0.8
$595 11/14/2002 0.8
$595 11115/2002 0.4
$595
$380 00 Review and analyze debtor's motion for authority to procure net short.
$570 00 Review, analyze and discuss with CPUC, TRA, headroom and other POR issues.
$570 00 Review and analyze draft presentation re: projected cost by business unit and sensitivity analysis of return issues
$427 50 Review and analyze debtor's historical capex re:
electric and gas distnbution business.
$997.50 Review and analyze expert witness testimonies of vanous debtor's experts on the different components of capex (generation, gas, electrical distnbution and others).
$14,440 00
$476 00 Review notes and matenals on K.Harvey deposition prepared by A.Young.
$476.00 Review W. Campbell deposition transcnpt and matenals for comments on changes to projections of PG&E for 2003 and beyond.
$238.00 Review Judge Walker decision re refusal of stay on preemption decision. Review filing request 11/16/2002 1 8
$595
$1,071 00 Review further detail of W. Campbell deposition schedules on PG&E plan projection updates. Review file on plan numbers and compare to pnor PG&E plan projections 11/16/2002 0.6
$595 11/20/2002 1.4
$595 11/22/2002 1 2
$595 7
11/8/2002 0.2
$215 1111/2002 4.6
$215 11/11/2002 2.3
$215 11/12/2002 45
$215
$357.00 Perform further review of K. Crews deposition.
$833.00 Review capex detail schedules provided by PG&E and sources of funding in PG&E Nov 2002 POR projections.
$714.00 Review exhibit C update for PG&E POR projections.
Compare to prior projections and dividend, capex and rate of return calculations.
$4,165 00
$43.00 Review Plan of Reorganization - analysis project requirements.
$989 00 Review the November 2002 PG&E Plan of Reorganization for the Distribution Debtor entity.
$494.50 Continue to review the November 2002 PG&E Plan of Reorganization.
$967 50 Review the November 2002 PG&E Plan of Reorganization for the Electnc Transmission Debtor entity.
Friday, December 20, 2002 Lumsden, Tom Lumsden, Tom Lumsden, Tom SubTotal:
Lumsden, Tom Perfit, Ryan Perfit, Ryan Perfit, Ryan Perfit, Ryan Professional Date Hours Billing Rate Fees Description Page 29 o.]32
Professional Date Hours Billing Rate Fees Description Perfit, Ryan Perfit, Ryan Perfit, Ryan Perfit, Ryan Perfit, Ryan Perfit, Ryan Perfit, Ryan Perfit, Ryan Perfit, Ryan Perfit, Ryan Perfit, Ryan Perfit, Ryan SubTotal:
Reiss, Freddii Reiss, Freddii
. 11/12/2002 32
$215 11/12/2002 11/13/2002 11/14/2002 11115/2002 11/15/2002 11/18/2002 11/21/2002 11/21/2002 11/22/2002 11/25/2002 11/25/2002 Perfit, Ryan SubTotal:
Reiss, Freddie Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Friday, December 20, 2002 2.2 4.5
-1.3 2.2 2.1 4.7 2.7 1.4 1.9 3.5 4.2
$215
$215
$215
$215
$215
$215
$215
$215
$215
$215
$215 455 11/11/2002 1.9
$595 11/7/2002 2.6
$595 4.5 11/1/2002 7.9
$425 11/1/2002 0.5
$425 11/4/2002 0.6
$425 1114/2002 0 4
$425 111412002 0.6
$425 11/5/2002 0 8
$425
$688.00 Review the November 2002 PG&E Plan of Reorganization for the Gas Transmission Debtor entity.
$473.00 Continue to review the November 2002 PG&E Plan of Reorganization.
$967.50 Review the November 2002 PG&E Plan of Reorganization for the Generation Debtor entity.
$279 50 Review the November 2002 PG&E POR model and document outstanding issues.
$473.00 Contact PG&E and reconcile outstanding Issues in the November 2002 PG&E POR model.
$451.50 Continue to review the November 2002 PG&E POR model and document outstanding issues.
$1,010.50 Review the PG&E POR model assumptions.
$580.50 Review the Apnl POR presentation and update for the November POR
$301.00 Continue to review the April POR presentation and update for the November POR
$408.50 Continue to review the Apnl POR presentation and update for the November POR
$752.50 Continue to review the Apnl POR presentation and update for the November POR.
$903.00 Reconcile the PG&E November POR to with information provided by UBS.
$9,782.50
$1,130.50 Review expert reports.
$1,547.00 Review expert reports.
$2,677.50
$3,357.50 Participate in deposition of Kent Harvey
$212.50 Review depositions from Kent Harvey's first two days of testimony
$255.00 Review impact of Corporate or NEG bankruptcy on the ublity
$170.00 Review updated financial models from SG Barr
$255.00 Review and edit notes from Kent Harvey deposition
$340.00 Review transcript from Day 1 of Kent Harvey deposition Page 30 of 32
_Professional Date
" Hours Billing Rate Fees Description
Professional Date Hours Billing Rate Fees Description 1116/2002 11/7/2002 11/8/2002 11/8/2002 12 08 0.4 0.4
$425
$425
$425
$425 Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young. Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young. Allison Young, Allison 11/11/2002 11/11/2002 1.6 1.9
$425
$425 11/11/2002 1 6
$425 11/12/2002 2.1
$425 11/12/2002 11/1312002 11/13/2002 11/14/2002 11/14/2002 1.3 0.8 27 03 0.4
$425
$425
$425
$425
$425 11114/2002 1 6
$425 11/15/2002
$425 11115/2002 1.1
$425 11/18/2002 11/18/2002 09 0.9
$425
$425 11/18/2002 1 6
$425 11/18/2002 11/1812002 2.4 3.2
$425
$425 11/19/2002 1.3
$425 11/8/2002 0.8
$425 Friday, December 20, 2002 Page 31 of 32
$510 00 Review and analyze Kusturos' liquidity analysis
$340.00 Review updates to PG&E POR projections
$170 00 Review updated POR assumptions
$170.00 Review 2nd day of testimony from Kent Harvey deposition
$340 00 Review Cap ex assumptions and vanances between PG&E's POR and the OCC/CPUC POR.
$680.00 Review PG&E's updated POR projections.
$807.50 Review impact of Corporate bankruptcy filing on PG&E POR.
$680.00 Review Kostruros liquidation analysis for use against CPUC POR.
$892 50 Analyze assumptions in Kosturos liquidation analysis.
$552.50 Review cap ex projections in PG&E POR.
$340 00 Analyze latest POR projections.
$1,147.50 Review updated POR projections.
$127.50 Investigate tax impact on liquidation analysis.
$170.00 Continue review of changed assumptions in PG&E POR.
$680 00 Continue review of updated POR projections and supporting details.
$425 00 Review updated POR model assumptions and FTI staff analysis of projections.
$467.50 Review PG&E's tnal brief on its opposition to the CPUC POR.
$382 50 Reconcile POR projections to histoncal cap ex levels.
$382 50 Review updates to PG&E entity and consolidated entity valuation.
$680 00 Review/search W. Campbell's deposition and exhibits for supporting data for the PG&E POR.
$1,020 00 Analyze detail of PG&E's cap ex projections.
$1,360.00 Analyze changes between PG&E's Apnl and November POR projections for cap ex.
$552.50 Review rate base assumptions used in PG&E POR and compare to histoncal average rate base.
Professional Date Hours Billing Rate Fees Description
Date I Hours Billing Rate Fees Description 11/19/2002 06
$425 11119/2002 0.7
$425 Young, Allison Young, Allison Young, Allison Young. Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison 0.7 1.1 1.3 1.5 1.7 2.1 3.4
$425
$425
$425
$425
$425
$425
$425
$255 00 Research costs to expand GTrans pipeline across the Oregon border and in what year that cost was incurred
$297.50 Research transmission gnd expansion requirements noted in public arenas to compare to cap ex projections in PG&E's POR.
$297.50 Discuss UBS financial model with Ben Lamb of UBS.
$467.50 Review how both plans will fund cap ex.
$552.50 Create analysis of source of cap ex funding in PG&E's POR.
$637.50 Review and summarize analysis performed on PG&E's cap ex projections.
$722.50 Calculate rate in crease of Etrans due to Increase In "rate base from high capital expenditures.
$892.50 Update analysis of cash to fund POR at risk from unfavorable ruling in FTCR v. Lynch.
$1,445.00 QC analysis of funding of PG&E's planned capital expenditures.
Young, Allison SubTotal:
Young, Al/iso 11/25/2002 38
$425
$1,615.00 Format analysis of funding of PG&E capital expenditures for court exhibit.
n 58
$24,650.00 Total: Plan of Reorganization/Nego 145.4
$55.
Task Code:
Subcommittee Matters Lumsden, Tom 11/4/2002 06
$595
$357.00 SubTotal:
Lumsden, Tom
0.6 Total
Subcommittee Matters 0.6 Task Code:
Travel Time Reiss, Freddie 11/7/2002 1.5
$595
$892.50 SubTotal: Reiss, Freddie
.1.5 Total: Travel Time 1.5 S$368, Total Project:
Friday, December 20, 2002 "715.00 Review fee statements of professionals for Debtor and Committee In the case for Month of September.
357.00 357.00 Travel to Los Angeles.
892.50
$892.50 048.00 Page 32 of 32 11/21/2002 11/21/2002 11/2112002 11/21/2002 11/22/2002 11122/2002 11/25/2002 Professional F-933.81
Pacific Gas and Electric Summary of Time By Professional For the Period November 1, 2002 Through November 30, 2002 Professional Agam, Amir Amaya, Jennifer Ghazi, Maryam Ho, Rocky Iking, Floris Kim, Angela Kitchin, Jennifer Lumsden, Tom Perfit, Ryan Reiss, Freddie Sin, Theresa Young, Allison Yozzo, John Totals Page 1 of 1 Title Consultant Consultant Director Managing Director Consultant Paraprofessional Director Sr. Managing Director Associate Sr. Managing Director Associate Director Director Time Total 24.6 43.2 46.3 118.1 7.4 29.0 78.1 167.5 116.4 41.7 101.3 158.8 1.4 933.8 Billing Rate Fee Total 290
$7,134 275
$11,880 425
$19,678 475
$56,098 290
$2,146 55
$1,595 425
$33,193 595
$99,663 215
$25,026 595
$24,812 185
$18,741 425
$67,490 425
$595
$368,048 Exhibit 1
Pacific Gas and Electric Detail of Expenses November 1, 2002 through November 30,2002 Date Category Amount Description 11112/2002 Sundry Sundry Sundry Business Meals & Entertainment Business Meals & Entertainment Sundry Business Meals & Entertainment FTI Consulting FTI Consulting FTI Consulting Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Reiss, Freddie Reiss, Freddie Reiss, Freddie Reiss, Freddie Reiss, Freddie Reiss, Freddie Young, Allison Transportation Business Meals & Entertainment Transportation Transportation Transportation Transportation Sundry
$61.80 Photocopies - Celerity Consulting Group /Documents copied from data room for PG&E on 11112102
$500.00
- Electronic Data - Platts M&A Data Files
$515.24 Pitney Bowes Management Services postage fees for Oct fee application not billed previously.
$296.21 Catering for the PG&E meeting on "11/7/02
$100.00 Dinner out of town with J. Herbert and M. Hamilton regarding PG&E (total bill $335.17)
$123.00 cell phone charge for PG&E
$224 22' Working lunch meeting for PG&E with T. Lumsden, J. Herbert, K. Gain. and M. Hamilton, R. Ho.
$123.15 Working lunch meeting on PG&E with M. Hamilton, R. Ho, T, Lumsden, J.
Wilson
$40.00 Taxi from SFO to hotel.
$8 00 Breakfast while out of town.
$30 00 Parking at LAX (1/2 of charge - $60 total for 2 days)
$40.00 Taxi from San Francisco to SFO.
$50.00 Travel service fee - UA
- 0167312978117
$16500 UA #0167312978117
$21.62 PG&E cell phone charges.
$2,298.24 Friday, December20, 2002 Page 1 of)
Exhibit 2-2 Name 11113/2002 11/27/2002 11/7/2002 11/7/2002 11/1112002 11/1812002 11/22/2002 Business Meals & Entertainment 11/6/2002 11/712002 11/7/2002 11/7/2002 11/7/2002 11/7/2002 11122/2002 Friday, December 20, 2002 Page I of I
PROOF OF SERVICE STATE OF CALIFORNIA, COUNTY OF SAN FRANCISCO I am employed in the County 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, 8h Floor, San Francisco, California.
On December 30, 2002, I served on the parties listed on the attached Service List, the foregoing document(s) described as:
FTI CONSULTING INC. COVER SHEET APPLICATION FOR ALLOWANCE AND PAYMENT OF INTERIM COMPENSATION AND REIMBURSEMENT OF EXPENSES FOR NOVEMBER 1, 2002 TO NOVEMBER 30, 2002 X
by placing the _ original X a true copy thereof enclosed in sealed envelopes addressed as stated on the attached service list:
(BY UPS OVERNIGHT DELIVERY)
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 September 3, 2002 San Francisco, California.
Catherine Dolan Q"*,*\\ %
Type or Print Name Signature 12/30/02 9 44 AM
Proof of Service by UPS Next Day Air James L. Lopes, Esq.
Howard, Rice, Nemerovski, Canady, Falk & Rabkin Three Embarcadero Center, 7th Floor San Francisco, CA 94111-4065
[Counsel to Debtor]
Robert Jay Moore Paul S. Aronzon Milbank, Tweed, Hadley & McCloy LLP 601 South Figueroa Street Los Angeles, CA 90017.
--[Counsel for Official Committee of Unsecured Creditors]
Office of the U.S. Trustee Attn: Stephen Johnson 250 Montgomery Street, Suite 1000 San Francisco, CA 94104-3401
PROOF OF SERVICE STATE OF CALIFORNIA, COUNTY OF SAN FRANCISCO I am employed in the County 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, 8"' Floor, San Francisco, California.
On December 30, 2002, I 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 ALLOWANCE AND PAYMENT OF INTERIM COMPENSATION AND REIMBURSEMENT OF EXPENSES FOR NOVEMBER 1, 2002 TO NOVEMBER 30, 2002 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 Umted 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 November 26, 2002 San Francisco, California.
Catherine Dolan YAP 7i-2\\
Type or Print Name Signature 12/30/02 9 45 AM