ML033430388

Pricewaterhouse Coopers Cover Sheet Application for Allowance and Payment of Interim Compensation and Reimbursement of Expenses for September 1, 2002 to February 28, 2003

ML033430388
Person / Time
Site:	Diablo Canyon
Issue date:	11/26/2003
From:	Pellervo P Official Committee of Unsecured Creditors, PricewaterhouseCoopers, LLP
To:	Office of Nuclear Reactor Regulation, US Federal Judiciary, Bankruptcy Court, Northern District of California
References
01-30923 D M, 94-0742640
Download: ML033430388 (6)

Text

1Pat Pellervo PriceWaterhouse Coopers LLC -

FILE D

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.1 99 Fremont Street

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NV~

10 SanFranicisco, CA 94105

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3 Telephone:

(415) 498-5000 UNIDSTATES,NKRUPCYCOURT1

Facsimile

(415)S498-6318T BANKRiPCOYCA Accountants and Financial Advisbrs for Official '5 6

Committee of Unsecured Creditors 4

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8 UNITED STATES BANKRUPTCY COURT 9

NORTHERN-DISTRICT-OF CALIFORNIKA-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

[No Hearing Scheduled]

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~Debtor. >

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'Federal I.D. No.-94-0742640' 16

---PRICEWATERHOUSE;COOPERS COVER SHEET APPLICATION FOR X

t.

ALLOWANCE AND PAYMENT OF. INTERIM COMPENSATION AND 17 REIMBURSEMENT OF EXPENSES FOR SEPTEMBER 1, 2002 TO FEBRUARY 28, 2003 18

': iPriceWaterho Coo (th""Firm" or-"PwC'.?),-submits its Cove'r Shleet Application (the "Application") for Allowance and Payment of Interim Compensation and 20I__-

- Reimbursement[6f Expenses for the Period September 1,'2002 to February 28, 2003 (the, 21

"-Application Period"?). In support of the Applicationj the Firm respectfully represents as follows:

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Alongwith FTIConsii n t..ihe Pu-rnservesasAccountantsand 24 i.

Financial Advisors'to the Official'Co'miittee of Unsecured Creditors. As set fort Mnthel 25 226 s Application for Order authorizing the Retention of FTI Consulting, Inc. (As successor in Interest to the Business Recovery Services Practice of Pricewaterhouse Coopers LLP) as 27

' Accountants and Financial Advisors to the OCq, Nunc Pro Tunc to September 1, 2002, FTI 28 WD 071701/1-1419903/42/931767/vl r

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' Consulting Inc. ("FTr') acquired the Business Recovery Services Practice ofPwC '(ihe "FTI acquisition") and it's open receivables. This Application covers the services performed by PwC personnel that were not transferred to FTI. Michael Hamiltori performed thermaj ority of the services billed on this Application. Mr. Hamilton. was hired by FTI on March 1'.

2003, and since that date, FTI has billed for his services.

2.

The Firm hereby applies to the Court for allowance and payment of interim compensation for services rendered and reimbursement of expenses incurred during the Application Period.

' 3.

The Firm billed a total of $126,755 in fees and expenses during the Application Period. The Total fees represent 162.4 hours4.62963e-5 days <br />0.00111 hours <br />6.613757e-6 weeks <br />1.522e-6 months <br /> expended during the Application Period.- These fees and expenses break down as follows:

-' Period Fees Expenses Total September 1, 2002 -

$102,896

$23,859

$126,755 February28,2003

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Accor inly,' the Fir seeks allowance of interim compensation in the total

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• 1 amount of $111,321 at th'is time; -This total'is comprised as follows:-

'$87,462 (85% of the fees' for services rendered)' plus $23,859 (100% of the expenses incurred).

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When FTI ac, ieirhe BRS services of PwC, it also acquired all;- t outstanding receivables related to the PG&E bankruptcy case. Prior to the FTI acquisition, PwC had been paid to date'as follows:

Application Period-s- -

Description -:-

Amount Paid Applied For'

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'Payment of this amount would result in a "holdback" of $15,434.

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26 27 28 First'(Apri1 1,2001

$803,642 ' -l 90%offtdes'aiid

$803,642 May31,'2001)-

100%'ofepenses' Second (June 1,2001-

$870,002:-

-90% of fees and

$870,002 July3l,2001)'

100%'ofexpenses First Interim Fee

$2,408' 10% fee holdback ($179,012)net $2,408' Application of PricewaterhouseCoopers LLP l

'land Court Adjustments I__.__1-___

($176,604)

Third(August1,2001-

$358,024 85%offeesarid-

$358,024' August30, 2001) l 100% of expenses Fourth (September 1, 2001

$293,871 85% of fees and

$293,8-71

-September30, 2001)

'100%ofexpenses l

-Fifth (October.i, 2001 -

$307,809

' 85%of feesand

$307,809 l

October31, 2001) 100% of expenses Sixth (November'2001-'

$215,596 85'% of fe an

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l $215,596.

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e m h'.,20 of fee',!

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November 30, 2001)

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100% of expenses Second InterimFee,

$145,541 l15%feeholdback($198,105) net.$145,541 Application l

' : ~ ; l of PricewaterhouseCoopers LLP l 1-1 adjustments ($52,564) l=l Seventh (December 1,

$192,887--

85% of fees and

$192,887 I

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l2001-December 31, 2001) 100% of expenses Eight (January 1, 2002-

' $223,013 85% of fees and

$223,013 lJanuary31-,-2002)'- -

100% 'of epenses Ninth (February 1, 2002-'

$197,888 85% 'of fees; and

$197,888 February 28,2002)'

100% of expenses Tenth (March 1, 2002-'

$189,814'

-85% of fees and

$189,814 March 31, 2002) 100% of expenses WD 071701/1-1419903/42/931767/vl

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Third Interim Fee

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'Application 2_

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$114,300 i...

15% fee holdback ($128,506) net of PricewaterhouseCoopers LLP write-offs ($3,705) and expense adjustments ($10,500)

$114,300.

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I Eleventh (April 1, 2002-April 30, 2002)

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$185,003 85% of fees and 100% of expenses

$185,003.

Twelfth (May 1, 2002 -

$183,784 85% of fees and

$183,784 May. 1,2002).

-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 July31, 2002) 100% of expenses Fifteenth (Augustl1, 2002

$127,849..

85% of fees and 100% of

$127,849

- August 31, 2002)

._'_expenses Total Paid to the

$3,89.4,202

$3,894,202' Firm to Date I

6.

To date, the Firm is only, owed amounts pursuant to this Application.'

7.

With regard to the copiesofthis Applicationserved on counsel f6r'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 e6p#ese' statements for the App.liation Period that comply with all NortheraDistrictdof California

, Pankruptcy Local Rules and Compensation Guidelines and the Guidelines of the Office of the United States Trustee.

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The Firm has served a copy of this Application (without Exhibits) on the',

Special Notice List in this case.

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'27 28 9... 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 furtir'h'rearing or 'order rf 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, o n 16ab6ult'Deemb-er 1, 2003.

10. 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 and received by the Firm will be credited against such final fees 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 Northern District of California Bankruptcy Local Rules and Compensation Guidelines and the Guidelines of the Office of the United States Truste'e. Neither the Firm nor any members, of the Finn has any. agreement oi understanding 'of any kind 'or nature 'to divide, pay over or.

share.any portion-of the fees -or expenses to be awarded.tothe 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 paycompensation 'to the Firm,.

as requested herein pursuant to and in accordance w: ith thie' terms ofthe"ORDER l ESTABLISHING INTERIMFEE APPLICATION AND EXPENSE REIMBURSEMENT PROCEDURE."

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- 26 27 28 Dated: November 26, 2003 PriceWaterhouse Coopers LLC By:

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Pat Pellervo Principal

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, 1, WD 07170 1I1-14199031421931767/vl