ML031570322

Charles River Associates Incorporated Cover Sheet Application for Allowance and Payment of Interim Compensation and Reimbursement of Expenses for October, 2002

ML031570322
Person / Time
Site:	Diablo Canyon
Issue date:	05/09/2003
From:	Wells J Charles River Associates, Pacific Gas & Electric Co
To:	Office of Nuclear Reactor Regulation, US Federal Judiciary, Bankruptcy Court, Northern District of California
References
01-30923 DM, 94-0742640
Download: ML031570322 (5)

Text

1 CHARLES RIVER ASSOCIATES INCORPORATED John Hancock Tower, T-33 2

200 Clarendon Street Boston, MA 02116-5092 3

Telephone:

617/425-3000 Facsimile:

617/425-3132 4

Economic Experts for Debtor and Debtor in Possession 5

PACIFIC GAS AND ELECTRIC COMPANY 6

lNITED STATES BANKRUPTCY COURT l

NORTHERN DISTRICT OF CALIFORNIA 9

SAN FRANCISCO DIVISION 10 11 In re Case No. 01-30923 DM 12 PACIFIC GAS AND ELECTRIC Chapter 11 Case COMPANY, a California corporation, RD13 Debtor.

[NO HEARING REQUESTED]

NO r

14 15 Federal I.D. No. 94-0742640 16 CHARLES RrVER ASSOCIATES INCORPORATED COVER SHEET APPLICATION 17 FOR ALLOWANCE AND PAYMENT OF INTERIM COMPENSATION AND REIMBURSEMENT OF EXPENSES FOR OCTOBER, 2002 18.

19 Charles River Associates Incorporated (the "Firm") submits its Cover Sheet 20 Application (the "Application") for Allowance and Payment of Interim Compensation and 21 Reimbursement of Expenses for the Period October 1, 2002 through October 31, 2002 (the 22 "Application Period"). In support of the Application, the Firm respectfully represents as 23 follows:

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1.

The Firm is providing expert economic advise to Pacific Gas and Electric 25 Company, the debtor and debtor-in-possession in the above-referenced bankruptcy case (the 26 "Debtor"). The Firm hereby applies to the Court for allowance and payment of interim 27 compensation for services rendered and reimbursement of expenses incurred during the 28 Application Period.

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2.

The Firm billed a total of $4,437.50 in fees and expenses during the Application Period. The total fees represent 15 hours1.736111e-4 days <br />0.00417 hours <br />2.480159e-5 weeks <br />5.7075e-6 months <br /> expended during the Application Period. These fees and expenses break down as follows:

Period Fees Expenses Total October, 2002

$4,437.50

$0.00

$4,437.50

3.

Accordingly, the Firm seeks allowance of interim compensation in the total amount of $ 3,771.88 at this time. This total is comprised as follows: $3,771.88 (85% of the fees for services rendered).

4.

For the post-petition period, the Firm has been paid to date as follovs:

Application Period Amount Applied For Description Amount Paid First (September 20 -

$50,945.62 100% of Fees &

$50,945.62 30, 2001) 100% of Expenses Second (October 1 -

$299,964.92 100% of Fees &

$299,964.92 31, 2001) 100% of Expenses Third (November 1 -

$171,364.14 100% of Fees &

$171,364.14 30, 2001) 100% of Expenses Fourth (December 1 -

$8,751.10 100% of Fees &

$8,751.10 31, 2001) 100% of Expenses Fifth (January 1 - 31,

$9,821.86 100% of Fees &

$9,821.86 2002) 100% of Expenses Sixth (February I -

$11,521.00 100% of Fees &

$11,521.00 28, 2002) 100% of Expenses Seventh (April 20-30, $10,495.30 85% of Fees & 100%

$8,924.50 of Expenses I

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15 16 17 18 19 20 21 22 23 24 25 26 27 28 Application Period Amount Applied For Description Amount Paid Eighth (May 1-3 1,

$40,517.50 85% of Fees & 100%

$34,439.88 2002) of Expenses 2002)

$30,335.00 85% of Fees & 100%

$25,784.75 of Expenses Tenth (July 1-31,

$54,689.50 85% of Fees & 100%

$46,486.08 2002) of Expenses Eleventh (August 1-

$200.00 85% of Fees & 100%

$170.00 30, 2002) of Expenses Twelfth (September

$841.00 85% of Fees & 100%

$714.85 1-30, 2002) of Expenses Fi to Date

$689,446.94

$668,888.70

5.

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

Application Period Amount Description Seventh (April 20-30, 2002)

$1,570.80 15% of Fees Eighth (May 1-31, 2002)

$6,077.62 15% of Fees Ninth (June 1-30, 2002)

$4,550.25 15% of Fees Tenth (July 1-31, 2002)

$8,203.42 15% of Fees Eleventh (August 1-30, 2002)

$30.00 15% of Fees Twelfth (September 1-30, 2002) $126.15 15% of Fees Total Owed to Firm to Date

$20,558.24

6.

With regard to the copies of this Application served on counsel for the WD 021202/1-1419904/975452/vl 1

Committee, counsel for the Debtor and the Office of the United States Trustee, attached as 2

Exhibit 1 hereto is the name of each professional who performed services in connection with 3

this case during the period covered by this Application and the hourly rate for each such 4

professional; and attached as Exhibit 2 is an Account Summary. The detailed time and 5

expense statements for the Application Period that comply with all Northern District of 6

California Bankruptcy Local Rules and Compensation Guidelines and the Guidelines of the 7 -Office of the United States Trustee have been submitted to the Office of the United States 8

Trustee and mailed to counsel for the Committee and to the Debtor.

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7.

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

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8.

Pursuant to this Court's "SECOND AMENDED ORDER ESTABLISHING 12 INTERIM FEE APPLICATION AND EXPENSE REIMBURSEMENT PROCEDURE,"

HOWARD 13 which was entered on or about March 18, 2002, the Debtor is authorized to make the payment DX'

"'A'N3 7 14 requested herein without a further hearing or order of this Court, unless an objection to this 15 Application is filed with the Court by the Debtor, the Committee or the United States Trustee 16 and served by the fifteenth day of the month following the service of this Application. If such 17 an objection is filed, Debtor is authorized to pay the amounts, if any, not subject to the 18 objection. The Firm is informed and believes that this Cover Sheet Application was mailed 19 by first class mail, postage prepaid, on or about May 9, 2003.

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9.

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

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The Firm represents and warrants that its billing practices comply with all 27 Northern District of California Bankruptcy Local Rules and Compensation Guidelines and 28 the Guidelines of the Office of the United States Trustee. Neither the Firm nor any members WD 021202/1-14199041975452/vl

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15 16 17 18 19 20 21 22 23 24 25 26 27 28 of the Firm has any agreement or understanding of any kind or nature to divide, pay over or share any portion of the fees or expenses to be awarded to the Firm with any other person or attorney except as among the members and associates of the Firm.

WHEREFORE, the Firm respectfully requests that the Debtor pay compensation to the Firm as requested herein pursuant to and in accordance with the terms of the"SECOND AMENDED ORDER ESTABLISHING INTERIM FEE APPLICATION AND EXPENSE

-REIMBURSEMENT PROCEDURE."

DATED: May 9,2003 CHARLES RIVER ASSOCIATES INCORPORATED By:

9h JAMES M. WELLS Experts for Debtor and Debtor in Possession PACIFIC GAS AND ELECTRIC COMPANY I

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