ML033210198
| ML033210198 | |
| Person / Time | |
|---|---|
| Site: | Diablo Canyon  |
| Issue date: | 10/31/2003 |
| 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: ML033210198 (7) | |
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Thomas Lumsden FTI Consulting Inc.
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.353 S acramento Street, 18h Floor K
3 1 0 San Franicisco, CA 94111 3
Telephone:
(415) 283.4200 i STAiES BANKRUPTCY COURT Facsimile:
(415) 283.4266 SAN FRANCIsCo,cA.
Accountants and Financial Advisors for Official 5
Committee of Unsecured Creditors 6
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UNITED STATES BANKRUPTCY COURT 9 9 NORTHERN DISTRICT OF CALIFORNIA
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SAN FRANCISCO DIVISION
,11 In re Case No. 01-30923 DM 12 PACIFIC GAS AND ELECTRIC Chapter I1-Case COMPANY, a California corporation,
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Debtor;
.[No Hearing Scheduled]
'15 Federal I.D. No. 94-0742640 16 XTI CONSULTING INC. COVER SHEET APPLICATION FOR ALLOWANCE AND
" 'PAYMENT OF INTERIM COMPENSATION AND REIMBURSEMENT OF..
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t17 EXPENSES FOR'*
SEPTEMBER 12003 TO SEPTEMBER 30, 2003 -
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..FTI Consulting; (the "Firm"), submits its Cover Sheet Application (the "Application")*-
19 - for Allowance and Payment of Interim Compensation and Reimbursement of Expenses for 20 the PerioU ~Septemberl1,-2003 to September 30,2003 (the-"Application Jer6d9.i support of the Application, theFirm respectfully represents as follows:
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The Firm serves as Accountants and Financial Advisors to the Official 23
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Committee of Unsecured Cieditors. -The irm, submitted an Application for appointment as
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- r*ditr*on Accountants; n'd FinancialAdvisors.t e.Official Committee bf Uhsecured Creditors on-':
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September 27, 2002. An Order for Appomitmiift of the Firm as Accountants and Financial; Advisors to the Official Committee of Unsecured Creditors was entered on October 31,
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.27 2002, nunc pro tunc to September 1; 2002.< The Firm hereby applies to the Court for 28 e
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'13 14 15 16 ii' 18 19 20 21 22 23 24 25 26 27 28 allowance and payment of interimncoffpensation for services rendered' and reimbursement of
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.expenses iicuired during the Application Period.
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The Firm billed a total of $228,286 in fees and expenses during the Application Period. The Total fees represent 478.7 hours8.101852e-5 days <br />0.00194 hours <br />1.157407e-5 weeks <br />2.6635e-6 months <br /> expended during the Application Period. -These -fees and expenses break down as'follows Period Fees Expenses Total September 1, 2003 -
$218,849
$9,437
$228,286 September 30, 2003
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Accordingly,, the-Firm seeks allowance of interim compensation in the total amount of$195,459 at thisjtime. This total is comprised as follows:
$186,022 (85% of the fees for services rendered)' plus $9,437 (100% ofthe expenses incurred).
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For 'the post-petition period, the Firm, as successor to the Business Recovery Services practice'of PricewaterhouseCoopers, LLP, has been paid to date as follows:
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Application Period -
Amount Description '
Amount Paid
.A p plied F or 2First(April. 1-1T 20 0 1--
$803;,642=
90%offeesan
$803,642-May 3 1,'200 1) 0% of expenses -'
Second (June 1, 2001 -
$870,002 90% of fees and
$870,002 July 31,.2001) 100% of expenses i
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'Payment of this amount would result in a "holdback" of $32,827 3.
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23 24 25 26 27 28 First Interim Fee Application "ji.'.'..'.,
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$2,408
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10% fee holdback ($179,012) net
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of PricewaterhouseCoopers LLP and Court Adjustments"'
($176,604)
$2 408 Third (August 1, 2001 -
$358,024 85% of fees'and
$358,024 August 30, 2001) 100% ofexpepnses i Fourth (September 1, 2001
$293,871 85% of fees and
$293,871.
- September 30, 2001)
_100%.of expenses
-77 Fifth (October 1, 2001 -,' '$307,809, 85% of fees and
$307,809 October 31, 2001) 100% of exp enses Sixth (Novemberj1,20.01' 2,596.
.85% offees and-
$215,596 November 30, 2001) 100%'of expenses Second Interim'Fee
$145,541 15% fee holdback ($198,105) net. $145,541 A
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Appliciti in' of PricewaterhouseCoopers LLP 2
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adjustments (52,56.adjustments
($52,564) r Seventh (December 1',
$192,887 85% of fees and
$192,887 2001-December-31,2001)-
100%of expenss Eight (January 1,'2002-'
$223,013 85% of fees and
$223,013 January 31, 2002) 100% of expenses Ninth (February 1, 2002 -
$197,888 85% offees and-
$197,888 February 28, 2002) '
100 oof expenses Tenth (March 1, 2002 -
$i 9814 85% of fees and.
$189,814
-March.31,2002).
100%ofexpenses Third Interim Fee
$114,300 15% fee holdback ($128,506) net $114,300 - f Application of PricewaterhouseCoopers LLP write-offs ($3,705) and expense' -
_'adjustmn_
_ts'n($1O
,500)
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$185,003 A 85%cof fees'and,
$85,003 April 30, 2002) 100% of expenses Twelfth, (May 1,2002
.,$j83,?84 85% of fees and
$183,784 May 3 i2002) 100% of expenses Thirteenth (Juine 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
'July31 2002) 100% of expenses Fifteenth' (August 1, 2002
$127,849 85% of fees and 100% 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,
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2002) '
Seventeenth (October 1,
$113,478 85% fees and 100 % expenses
$M1 3,47&.
2002 - O ctober 31, 2002).
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Eighteenthl (November 1, 2002 - November 30, Hi vA.
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$315,139 85% fees and 100 % expens'es
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$315,139.
Nineteenth (December 1,
$227,074.
85% fees and 100. % expenses
$227,074 2002 - December 31,.
2002)' '
Fifth Interim (August 1,
$115,270 15% holdback fees
$1 15,270 2002-November 30, 2002)
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,15 16 l7 18 19 20 21 22 23 24 25 26 27 28 Twentieth (January 1, 2003: $160,;122;-'
85%fees afid' 100% expenses
'$160,122.
-January 31, 2003) k'--
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T.venty-first (February 1,
$133,793' 85% fees and'100% expenses
$133,793 2003 -rebruary 28, 2003)
Twenty-second (March 1, '$16,446':'
85% fees anid 00% e'xpenses
$160,446 ;,
2003-March 31, 2003) --
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Twenty-third (April 1,
$163,638.'
85%' fees and 100% expenses
$163,638 2003 -April 30, 2003)
Twenty-fourth (May 1,.
.$157,479-85% fees and 100%-expenses
$157,479' 2003 - M ay 31, 2003)
Sixth Interim (December 1, $116,680.
15% holdback fees
$116,680 2002-March31,.2003) 1 iI' Twenty-fifth (June 1,2003 i $105,311.
-off e d 10Oc es -'$105,311-
-June 30,;2003),..,
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Twenty-sixth (July 1, 2003
$209,335... 85% of fees and 100% expenses
$209,335.'
- July;31 2003).
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Twenty-seventh (August 1, $109,631 85% of fees and 100%oexpenses'
$109,631 2003 -August3.1, 2003)'
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I Total Paid to the
$6,976,478
-. $6,976,478; Firm to Date fi------
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-To date, the Firm is owed as' follows'(excIuding amounts rs to this Application).
,. 7A pp iication P erio d.
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' D e c ip ion ii Twenty-third (April 1, 2003. -April 30,
.'$28,450
.15%eehldback' 2003)
Twenty-fourth (May 1, 2003 - May 21,
$26,697 15% fee holdback WD 071701/1-1419903/42931767/vi
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J'.l Twenty-fifth (June 1; 2003 -- Ju6e 30, 2003)
$18,258 15% fee holdback Twenty-sixth (July 1, 2003-July'31,
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$35,651 15% fee holdback Twenty-seventh (August 1, 2003 - August
$19,298 15% fee holdback 31, 2003)
Total Owed to Firn to Date
$128,354
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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 f6r the Application Period that comply with all Northern District of California Bankruptcyocal Rules and Compensation Guidelines and, the Guidelinesofthe>Officeof the United States Trustee.
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The Finn has served a copy of this Application (without Exhibits) on the Special Notice List in this case.
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Pursuant to this Court's 'ORDER ESTABLISHING INTERIM FEE APPLICATION AND EXPENSE REIMBURSEMENT PROCEDURE" which was entered, on-orabouttJuly'26;200 17 tffe7Dbtifre is mit i
Thllt prent 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 objectioti 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 October 31, 2003.
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The interim compensation and reimbursement of expenses sought in this WVD 07170111-1419903/42931767vl
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-Application is on-account'and is not final. Upon the conclusion ofthis case, th'e Firm will seek fees and reimbursemntf fthe expenses incurred for the totality of the service',
rend6red in the case. Any-interimfees'orreimbursement.ofexpenses'approved bythisCourt ahd^f3 xrecbe b, th Fir wi e ceiedag i " f and rec~ived by the Firm will be credited against such final fees and expenses as may be allowed by this Court.
- 0. The Firm represents and warrants that its billing practices comply.with all Northern District of California Bankruptcy Local Rules and Compensation Guidelines and the Guidelines of the Office of the United States Trustee. Neither the Firm nor any members
_of-the-Firmihas any-agreement or understanding of any kind or natureto-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.
W{EREFORE,' the Firm iespiectfully requests that the Debtor pay compensation to the Firm' as requeste'd herein pursiiant to and in accordance with the terms of the 'ORDER
'ESTAIL-1SHING INTERIM FEE APPICATION AND EXPENSE REIMBURSEMENT:
PROCEDURE."
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';t; Dated: October 31, 2003 FTI Consulting Inc.
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