ML040710442

FTI Consulting Inc., Cover Sheet Application for Allowance and Payment of Interim Compensation and Reimbursement of Expenses for January 1, 2004 to January 31, 2004

ML040710442
Person / Time
Site:	Diablo Canyon
Issue date:	02/27/2004
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: ML040710442 (8)

Text

t Thomas Lumsden I r-1 FTI Consulting Inc.

2 353 -Sacramento Street, 18'h Floor I I San Francisco, CA 94111 3 Telephone: (415) 283.4200 4

Facsimile: (415) 283.4266 FI LED Accountants and Financial Advisors for Official FEB Z 7 2004 5 Committee of Unsecured Creditors UNITED ETAIES BANKRUPTCY C $T 6ANIMNflI ,CA 6

7 8 UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF CALIFORNIA -

10 SAN FRANCISCO DIVISION 11 In re -Case No. 0 1-30923 DM 12 PACIFIC GAS AND ELECTRIC Chapter 11 Case.

COMPANY, a California corporation,.ASluld 13 o' . ...0 ttf~

- :.,:, \'.t ,'t: ;z', .S ,l[No 116hring 96iiedufed];'

.Debtor.

14 15 Fede'raljID. No. 9-07J42640i; - f#{i. }~)e .1.1  : t;f";*'jsX'§-'..2'i":s 01*(l!sl; 16 FTI CONSUL8TING'IlNC COVER SHEET APPLJICATION FO 'ALILOWAVXCE ND PAYMENT OF INTERIM COMPENSATION AND REIMBURSEMENT OF 17 JANUARY 1. 2004 TO JAN3ARY31.2004 18 FTI Consultingtie "Firhi"),"subniits'It' tCover Sheet Applicio6hn (the "Appilic~ifion")

19 for Allowance and Payment of Interim Compensation and Reimbursement of Expenses for 20 the Period January-1, 2004 to January-31, -2004 (the -'Application Period"). In support of--

21 the Application, the Firm respectFvlly represents as follows: 0, .  :

22  :' 1 I Fii~W ser6 'as Ac't0ntts.and Financial AdVisArs to iF"'O 23 Committee of Unsecured Creditors. The6 Firm'submiiifd an Application for. appointment as

. .',- ; ,, , .- , L 'i,f.,tt' *_'L, 24 Accountantsa;nd Findncial'Advisors:to thelOffioial Cic')ixttth bffJn'scPede ditoN on; 25 Septembtr 27;,,2002.f.An (Order for Appointment of the Firm as Accountants and Financial 26 Advisors to the Official Committee of Unsecured Creditors was entered on October 31,

27 2002, nunc pro tunc to September 1,2002. The Firi he'rieat 4i`A'{-tliW Court for

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WD 071701tl-1419903/42/931767hv.

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' 1- allowance and payment'ofinterin compensation for services rendered and reimbursement of

-- ;I *1- 2-1ets;:tw

! r J;7t 2 expenses incurred during the Application Period.

2 iiod; At;i s t' e 3 3

2. The Firm billed a total

• i 4 ~ ..

of $105,009 in' fees I.

and exp nses during the J.

4 Application Period. The Total fees represent 209.8 hours9.259259e-5 days <br />0.00222 hours <br />1.322751e-5 weeks <br />3.044e-6 months <br /> expended 'during the Application 5 Period. These fees and expenses break doivn' as follows;:I  ;:

6. ,.

7 Period Fees Expenses Total  !.

8 January 1, 2004 - $104,926 *;- $83 i' s' $105,009;

-January-31,-2004---- _ ___ __ -___+ ____

10  ; 3. Accordingly';the Firim seeks alow1anc;;of interim compensation in the. ttal 11 amount of $89,270 at this time'. This taala is comprised as follows: '..J 1 ,,

12 $89,187 (85% of the fees for services reffdered)'pOlus-$83 (100%'6f'h e penses incuired)'

13

-4. ---For the 'pt-petition period1 the Firm, asusuccessor to the Business 14 Recovery Services practice of PricewaterhouseCoopers, LLP, has been paid to date as.

15 follows: , 4 16 i vJI,"" .t.tr. ............... f, 17 Application Period Amount, i Description , - Amount Paid 18

__l _ iAppliedFor- . _

19 First (April 11, 2001 - $803,642 90% of fees and l ___ .$803,642 .

20-May 31, 200'1)' '100% of expenses  !!. .

21 Second (June 1, 2001 - $870,002 §0% of fees and {  ! $870,002

'22 July31,' 2001)

_ _ _ _ _ _ _ _ _ _ _ 7 - w; o- efepenses p@ei s e s 2 . . _ _ _ _ _ _

123 JI I.

24

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'Payment of this ;amountwo~uld result iid a "holdback" of $15,739  ;

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Frst nel e $2,408 10% fee holdback ($179,012) net $2,408 J..

I,- . .

2 of PricewaterhouseCoopers LLP Applic'ation -. I,.

• ,.84,! !..4 3

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.. II V,. .w; .".... - and Court Adjustments I

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($176,604) 5 $358,024 85% of fees and $358,024 Third (August 1, 2001 - - .

6 August-30-2001) . - - ..  ;

- l 100% of expenses ' -

.s.....j .4.,. .. . - . .~ .. -

• 4 8 Fourth (September 1, 2001 $293,871 ' 85% of fees and , ' $293,871 9 - September 30, 2001). .-...- -100% of-expenses-- -

Fifh (October 1,2001-. .- . 85% of fees and<..

'3J07,8O9 $307,809 11 October 31, 2001) .  : r*

. .100% of expenses; . ,-. .  : .-

.:1q

• 122 Sixth (6vemberJ1,2 I01, $215,5961, i, 85yo offees and rl  ; -::' $215,596 13 November 30, 2001) 100% of expenses  : '

14 Second ]iterim FePe $145541 15% fee holdback ($198,105) net $145,541

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' -p...15 Aplication ofPricewaterhouseCoopersLLP  :

16

• adjustments ($52,564)- -

.17 Seventh-(Dece'nber -1,- $192887 --- -5%-of fees and -- ' ' -$192,887 18 2001-December 31, 2001) . 100% of expenses -

19 Eight (January 1, 2002- $223,013 - 85% offees and - - $223,l13

. . ,.;  ;.-. ji f .;4 i t

-- -JarUaryI 1,2002) - ' - -100%-ofexpenses - --

• '21 Ninth (February.1, 2002-'- $197,888' 8% e. $197,

• 22 Februaiy 28, 2002) j,2 of 'expense

.23 Tenth (March 1, 2002.--- $89,814 85% of9fees and- - - $189,814 24 March 31, 2002) . - . 100% of expenses - - _:______:

25 Third Interim Fee $114,300 15% fee holdback ($128,506) net $114,300 26 Application of PricewaterhouseCoopers LLP

• 27 write-offs ($3,705) and -expense--

• ' 28 t4 .. '( ~.j.,...? >.*; .adjustments ($iO,500)c ..

WD 07170111-1419903/42J931767/vl i i Il I (Atiy2O024 " O;t$185,003 815)Eleventh85% of fees and ' $f85,003 I

1z 9I April 3q, 2002) '- ' ._.100% ofexpenses--- ' . -

3 (May' 1,2002 Twelfth '2' g y$183 84r 85%toffeeahd e *' $183,784

.4 of expenses!

May 31, 2002) .100%

i- 5 Thifteenth (June 1; 2002'" $81,860' 85%offeims'nd $81 6 '100%-of expenses P' .

June 30, 2002) -'

'7 85%;offeess and ' $204,553 Fourteenth (July 1, 200 2 - $204,553 8 --100%.ofexpenses-.' ' . -

July 31, 2002)

.9 Fifteehtli (August, 1, 2002 $127,849 85% of'6fes and 100% of $127,849 10

-August.31, 2002) . . expenses -

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11 $108,253i Fou;h- In~terim (April 1, $1,06,253 " 15%'ioldback fees($104 60$)'

F002 Intri (Apri 1,0 et'Iw 12 353 2002 1, 2Q02). .

-July3 - '.net -voluntary itef -3' .. .

13 r O1W- 14 ixteenember I 84,985' ' 5% fees and 100% expenses $84,985

14 2002 - September 30, ._ . _ . .

.15 2002)*s t,  :-']&'- ¢>~OOE ; lt fi B 'i,. 1 ' ' 1 \tt tt- jji *:i,'¢' .. '"1 i16

.Sevente_ erth, .$113,478 .85% fees and 160 % expbses $113,

.200 2 `-`c'2tobe'r31y,`20062 .: ' - ,; . f '- ,

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18 Eighteenth (ovember 1,. $315,139 . 85% fees and-160 %e'xpenses ' $315,139 20OT" Nqyember 30, I  : ' ' , ' ,

2002) . ... - _ . "t- :ii _ : -.

21 fiA&e'entht (Deceriber 1, $227,074 85% fees d i0 %'expenses $227,074 22 2002 - December 31, 23 2002) - -- -

24 Fiillirnteri (Aigii'ust' Y~1; 15% hoidback fees 4)l^ l $115,270 25 2002-November 30, .. . '. -. - - ' .-

26 2002) ___'

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Twentieth (January 1, 2003 $160,122 .-.-...85% feesadq ~ .:$160,122

• 100%,expenses:/,

2

-January 31, 2003) .. r , , ,ji '., *t1 ' *

.3 Twenty-first (February 1, $133,39, .85% fees land il100% expenses

• i$133 793

4 2003 -February 28, 2003).._ f' ' ' 07 5

,TwIenty-second (March 1,:. $1 .446;, '85% fees and 00% expenses< .$160,446.

6 2003 - March 3 1, 2003) ~. .. ,..... .

'7

.T7ven-third (April 1, $163,638 ', 85% fees and 100%,expenses . * $163,638

'8 2003 - April.3 ,2003) _ , i _______. _ -

9

• 'TteptX-fourth (May ,' .,$157,479t; 85% fees and 100% expenses , $157,479 10 2003 - May 31, 2003) __.. .

11.

SirxthInterim (Decermber 1, $1 I 15% holdback fees .,; $1i16,680

. 12 2002 - March 31, 2003) . .. : _ ': - -- ., . - <

13 Twenty-fiflh (June 1, 2003, ,$105,31.1 , 85% of feesad 100% expenses- $105,311 14

- June 30, 2003) . .  :  ;- . . . ),' > .;c '

s15 Twenty-sixth (July 1, 2003 $209,335 85% of fees anq 100% expenses $209,335, 16  !- ..... --._ * - _ -*-- -- --

-- uy 1,0 3 . . .: . .. , .- .. , I.. .j;'3 ..  :.J-17 Twenty-seventh (August 1, $109,631 . 85% of fees and 100% expenses-,1 $109f631 18 2003 - August3 1, 2003). <,, * . - . .- i * .": -;<iL 119 - ., . .--- _ S'I!.

Seventh Interim (April 1, $109,034 15% holdback fees riv $.109,03.4 2003 - July31, 2003) . .'. -

-21 Twenty-eighth (Septemberq $195,459  ;*. .$5% of fees-and 100% expenses  ;$1949 22 1,2003 September 30, 9->; .;*'

23 2003) __._._,_._. _--- -

24 Twenty-ninth (October 1, .$135,119. 8 % oiets andj100% exp nses, .$135, 19 25 2003 -i -(October 20 . l . . - e .-

26 I1 27 ......  :......-.- .. --.----.--..---.--. -

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I Thir2ieth (November 1, $118,774 85% of fees and 100% e*xpnses $1.18,774 2

2003 - November 30,.

3 2003) . '

4

'Thirty-first (December 1, $162,573 85% of fees and 100% expenses $162,573

5 2003 - December 31, ... - . . ,

6 2003) . :_ _ _

.7 Ii Total Paid to the $7,697,437 $7,697,437.

- ';, -I. - r:. . . . ..-I 8

Firm to Date E . . .

1. _________________________

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5. To date, the Firm is owed as follows (eluding amounts. oed pursuant to 10 this Application),.

. 11

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12 Application Period .. .* @ , _J

,i e scription _

13 Twenty-seventh (August 1,2093 -August,.. $1,298, j, 1;5.,fee holdback .

14 31, 2003) 4.,., * - ,,  : ... ,.

i15 Twenty-eighth (September 1, 2003 - . , $32,827 . 15% fee. holdback 116 September, 30, 2003) *. . . l 3

17 Twenty-ninth (Octoberj 20,3 -October .$23,668 - j:;iJ, jlti% fe holdback  ;,

!18 31,,2,003.). ,, .; . ... .....io  ! 't .. r < rrt; .;V'. '

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........ - . , . i 19 M Thirtieth (November 1, 2003-_ Novernbe~ $20;274~ ;1- 9/6fee~holdback., --

20-30, 2003) .__ _':,__ _ -'I..'.!

21

.Thirty-first (December 1,2 033 -,;December,,, $28,212.;,,% *T- 15% fee holdback 22 23 Total Owed to Dteim P  : . .! $124,,279. '! ; ' '+ .  ; , i; 24 6,.:.. Withregardtth opies of this Application served n counselfor ihe 25 Committe,,counselfor te D n th Office. of.the.United; Stat s;Trustee, attached ;s, 26 Exhibit 1 hereto is the nanle, oeach,professionlwho 'performesdservices iniconnection with-27 this case during the period covered by this Application and the hourly rate for each such.

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professional;-and (b) attached as Exhibits 2-1 and 2-2 are the -detailed-time and'exp-'ns'eei 2 aements' f hie Application Period that comply with all Northern District of California -

. 3 Bankruptcy Local Rulesand Compensation Guidelines and the Guidelines of the Office'of

. 4 the United States Trustee-----. -- -.- - . -

5 7.' The Firm has served a copy of this Application (without Exhibits) on the 6 Special Notice List in this base.

.7 . 8. Pursuant to this-Court's 'ORDER ESTABLISHING INTERIM FEE 8 APPLICATION AND EXPENSE REIMBURSEMENT PROCFDURE" which was entered

_ .g9 on or-about-July 26, 2001, the Debtor-is-authorized-to. makethe payment requestcdliereift 10" ,'witho'utE hearing or order offurther this Court unless an objection to this Application is 11 filed with the Court by the Debtor, the Committee or the United States Trustee and served by 12 the fifteenth.day-of the month following the service of this Application. If such an objection:

13 iszfiled, Deb6tor is authorizd't6opay the amounts,-if any, not subject to the objection: The*

14 Firm is infoioAediand believes that this Covef Sheet Apvhcvtion was mailed by first class 15 mail, postage prepaid, on orabout-February 27,-2004;------ - - - -- .

16 9.-' ' The interim compensation and reimbursemient of expenses sought in this',

17 Application is on account and.is not final.: Upon the conclusion of-this 6iej-the`-irr'm`ill 18 seek fees and reinibursement of th'e~eipen'ses incurred for the6t6tality of the servic'ss ,;

,.19 rendered in the case. Any.interim fees or jeimbursement of expenses approved bythis-o6iurt

_ _20- an'dreckeived.1fyihe Firm will be credited hgain st.'su'h.final-fees'-and' exjpenses 'as L..

21 allowed by this Court. . .. - - 'I" 22  : 10. -The Firm represents and warrants that its billing practices' comply Wina1l 23 Northern District of California Bankruptc Local.Rules-and-Compensation GuidediAe 'and -

24 the Guidelines of the Pffice of the United States Trustee. Neither the`i&oN 'ahy members, 25 of the Firinhas any agreem-ent',or~iderstiaing- n-lind-'& ire to divide, pay over o'r 26 share.any portioa of ihe-fiesiboi bxj6sehs oe 66'gAr'ded to-the Firm with'ahy' oilier'jerson or -

27 attomey~exeptas-amongrtheiembe's a'ndd'sociates:tFiFrm' .  ;' "' '

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1 7-I I WHEREFORE, the Firm respectfiully requests that the Debtor pay c0ompensation to the Firnt 2 as requested herein pursuant to and in accordance with the terns of he 'ORDER 3 ESTABLISHING INTERIM FEE APPLICATION AND EXPENS REIMBURSEMENT 4 PROCEDURE."

5 6 Dated: February 27, 2004 FTI Consulting Inc.

7 8 By: -- -ws

-S - - .-

Thomas Lumsen _ .

.9 S-eniori MdiagfimgDirec or 10 11 12 13 14 15 16 17 18 19

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