ML031990011

to the Debtor, Official Committee of Unsecured Creditors, Office of the United States Trustee and Parties Requesting Special Notice

ML031990011
Person / Time
Site:	Diablo Canyon
Issue date:	07/07/2003
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: ML031990011 (6)

Text

1 Thomas E. Lumsden FTI Consulting, Inc. r X E D 2 353 Sacramento Street, 18" Floor JUL 8 2O03 San Francisco, CA 941111 TTL BRpc3 3 Telephone: (415) 283-4200 UNITED SRESACSOU CoU Facsimile: (415) 2834266 Sm FMw 4

Accountants and Financial Advisors for Official 5 Committee of Unsecured Creditors V1; 6 3X3 7

8 UNITED STATES BANKRUPTCY COURT 9 NORTHERN DISTRICT OF CALIFORNIA 10 SAN FRANCISCO DIVISION 11 In re Case No. 01-30923 DM 12 PACIFIC GAS AND ELECTRIC Chapter 11 Case COMPANY, a California corporation, 13 NOTICE OF REVISED BILLING Debtor. - RATES OF FTI CONSULTING, INC.

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[No Hearing Scheduled]

15 Federal I.D. No. 94-0742640 16 17 TO THE DEBTOR, OFFICIAL COMMITTEE OF UNSECURED CREDITORS, OFFICE OF THE UNITED STATES TRUSTEE AND PARTIES REQUESTING 18 SPECIAL NOTICE:

19 20 Please take notice that effective July 1,2003, FTI Consulting, Inc., accountants and 21 financial advisors for the Official Committee of Unsecured Creditors, has increased its standard 22 professional billing rates for all clients. Attached as Exhibit "A" is a comparison of the old and new 23 billing rates for professionals expected to provide services in the PG&E bankruptcy case.

24 25 /-

26 /-

27 /1IIF 28 WD 071701/1-1419903/42/931767tvl

1 2

3 Dated: July 7, 2003 ET Consulting, Inc.

4 5 By:CA Thomas E. Lumsden 6 Senior Managing Director 7

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10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 WD 071701/1-14 9190 3I42l931767ivI 2 1 Thomas Lumsden FTI Consulting, Inc.

2 353 Sacramento Street, 1 8 th Floor 3 San Francisco, CA 9411 1 Telephone: (415) 2834200 4 Facsimile: (415) 283-4266 5 Accountants and Financial Advisors for Official Committee of Unsecured Creditors 6

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9 UNITED STATES BANKRUPTCY COURT 10 NORTHERN DISTRICT OF CALIFORNIA 11 SAN FRANCISCO DIVISION 12 13 14 I re Case No. SF 01-30923 DM 15 PACIFIC GAS AND ELECTRIC Chapter 11 COMPANY, a California corporation, 16 SUPPLEMENTAL DECLARATION OF 17 Debtor. THOMAS E. LUMSDEN REGARDING INCREASE IN HOURLY RATES FOR 18 Ff1 CONSULTING, INC AS ACCOUNTANTS AND FINANCIAL 19 ADVISORS 20 21 22 23 24 25 26 27 28 SUPPLEMENTAL LUMSDEN DECLARATION

1 DECLARATION OF THOMAS E. LUMSDEN 2 I, Thomas E. Lumsden, declare as follows:

3 1. I am a Senior Managing Director in FTI Consulting, Inc. ("FTI"), an accounting 4 and financial services firm with offices located at numerous locations around the 5 world, including an office at 353 Sacramento Street, San Francisco. I make this 6 Sixth Supplemental Declaration on behalf of FTI (the "Declaration"). I submit 7 this Declaration in support of the revised application (the "Revised Application")

8 of the Official Committee of Unsecured Creditors (the "Committee") to employ 9 FTI as accountants and financial advisors for the Committee in the above-10 captioned Chapter 11 case under the terms and conditions set forth in the Revised 11 Application and the Order Appointing FTI as Accountants and Financial Advisors 12 for the Official Committee of Unsecured Creditors entered October 31, 2002 13 (nunc pro tunc to September 1, 2002). Except as otherwise noted, I have 14 personal knowledge of the matters set forth herein.

15 16 2. In the ordinary course of its business, and consistent with the practice of financial 17 consulting, FTI reviews the hourly rates of professionals, and typically on an 18 annual basis adjusts such rates, in light of the prevailing rates in the market and 19 other pertinent factors. Consistent with that practice, FTI has reviewed and 20 revised the standard professional billing rates for all clients, effective July 1, 21 2003.

22 23 3. Attached hereto as Exhibit "A" is a true and correct list of all FTI professionals 24 who are currently providing services in connection with the PG&E bankruptcy 25 case and their billing rates as of July 1, 2003.

26 27 4. I make this Supplemental Declaration to insure that the Court and other interested 28 parties are apprised of all material developments to the employment of FTI.

SUPPLEMENTAL LUMSDEN DECLARATION

1 2 I am over the age of eighteen. I declare under penalty of perjury under the laws of the United 3 States of America that the foregoing is true and correct.

4 Executed this 7t day of July, 2003, at San Francisco, California.

5 6

8§ Thomas E. Lumsden, Senior Managing Director 9 FTI Consulting 10 I11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 SUPPLEMENTAL LUMSDEN DECLARATION

Exhibit A - Staff Billing Rates June 2003 Old New Professional Position .Home Office Billing Rates Billing Rates Hamilton, Mike Senior Managing Director New York 640 625 Ho, Rocky Senior Managing Director San Francisco 475 550 Lumsden, Tom Senior Managing Director San Francisco 595 625 Reiss, Freddie Senior Managing Director Los Angeles 595 625 Ghazi, Maryam Director San Francisco 425 450 Herrmann, Martin Director San Francisco 375 395 Kitchin, Jennifer Director San Francisco 425 450 Young, Allison Director San Francisco 425 450 Haung, Theodore Consultant San Francisco 300 300 ildng, Floris Consultant San Francisco 290 295 Neis, Margery Consultant San Francisco 345 365 Perfit, Ryan Consultant San Francisco 215 295 Dolan, Catherine Paraprofessional San Francisco 55 85 Kim, Angela Paraprofessional San Francisco 55 75 Range of Rate by Class Position Range Senior Managing 550 - 625 Managing Director 495 - 550 Director 395 - 475 Consultant 295 - 365 Associate 195 - 275 Paraprofessional 55 - 160 Page 1