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)

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Thomas Lumsden FTI Consulting Inc.

353 -Sacramento Street, 18'h Floor San Francisco, CA 94111 Telephone:

(415) 283.4200 Facsimile:

(415) 283.4266 Accountants and Financial Advisors for Official Committee of Unsecured Creditors

t I r-I I FI LED FEB Z 7 2004 UNITED ETAIES BANKRUPTCY C $T 6ANIMNflI

,CA UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF CALIFORNIA -

SAN FRANCISCO DIVISION In re

-Case No. 0 1-30923 DM PACIFIC GAS AND ELECTRIC Chapter 11 Case.

COMPANY, a California corporation,.ASluld o'.... \\'.t

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.S,l[No 116hring 96iiedufed];'

.Debtor.

Fede'raljID. No. 9-07J42640i; - f#{i.

01*(l!sl;

}~)e.1.1 t;f";*'jsX'§-'..2'i":s FTI CONSUL8TING'IlNC COVER SHEET APPLJICATION FO

'ALILOWAVXCE ND PAYMENT OF INTERIM COMPENSATION AND REIMBURSEMENT OF JANUARY 1. 2004 TO JAN3ARY31.2004 FTI Consultingtie "Firhi")," subniits'It' tCover Sheet Applicio6hn (the "Appilic~ifion")

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

the Application, the Firm respectFvlly represents as follows:

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'as Ac't0ntts.and Financial AdVisArs to iF"'O Committee of Unsecured Creditors. The6 Firm'submiiifd an Application for. appointment as

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• _'L, Accountantsa;nd Findncial'Advisors:to thelOffioial Cic')ixttth bffJn'scPede ditoN on; Septembtr 27;,,2002.f.An ( Order for Appointment of the Firm as Accountants and Financial Advisors to the Official Committee of Unsecured Creditors was entered on October 31, 2002, nunc pro tunc to September 1,2002. The Firi he'rieat 4i`A'{-tliW Court for WD 071701tl-1419903/42/931767hv.

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

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expenses incurred during the Application Period.

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The Firm billed a total of $105,009 in' fees and exp nses during the J.

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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

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,/i 28 Period Fees Expenses Total January 1, 2004 -

$104,926 *;-

$83 i '

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$105,009;

-January-31,-2004---- _

-___+

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Accordingly';the Firim seeks alow1 anc;;of interim compensation in the. ttal amount of $89,270 at this time'. This taala is comprised as follows:

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

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

follows:,

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f, Application Period

Amount, i

Description Amount Paid l

iAppliedFor-.

First (April 11, 2001 -

$803,642 90% of fees and l

.$803,642 May 31, 200'1)'

'100%

of expenses Second (June 1, 2001 -

$870,002

§0% of fees and

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$870,002 July31,' 2001) fepenses 7

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

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Applic'ation

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$2,408

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10% fee holdback ($179,012) net of PricewaterhouseCoopers LLP and Court Adjustments

($176,604)

$2,408 I,-.

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I Third (August 1, 2001 -

$358,024 85% of fees and

$358,024 August-30-2001) 100% of expenses

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- l Fourth (September 1, 2001

$293,871 '

85% of fees and

$293,871

- September 30, 2001).

-100% of-expenses--

Fifh (October 1,2001-.

'3J07,8O9 85% of fees and<..

$307,809 October 31, 2001)

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.100% of expenses;.

Sixth (6vemberJ1,2

I01,

$215,5961, i, 85yo offees and rl

' $215,596 November 30, 2001) 100% of expenses Second ]iterim FePe

$145541 15% fee holdback ($198,105) net $145,541 i

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Aplication ofPricewaterhouseCoopersLLP adjustments ($52,564)-

Seventh-(Dece'nber -1,-

$192887 --- -5%-of fees and

' -$192,887 2001-December 31, 2001) 100% of expenses Eight (January 1, 2002-

$223,013 85% offees and

$223,l13 f

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-JarUaryI 1,2002)

-100%-ofexpenses Ninth (February.1, 2002-'- $197,888' 8%

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$197, Februaiy 28, 2002) j,2 of

'expense Tenth (March 1, 2002.---

$89,814 85% of9fees and-

$189,814 March 31, 2002) 100% of expenses Third Interim Fee

$114,300 15% fee holdback ($128,506) net $114,300 Application of PricewaterhouseCoopers LLP write-offs ($3,705) and -expense--

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.adjustments ($iO,500) c WD 07170111-1419903/42J931767/vl i

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.15 i16 1 8 21 22 23 24 25 815)Eleventh (Atiy2O024 " O;t$185,003 85% of fees and

$f85,003 April 3q, 2002)

..100% of expenses---

3 Twelfth (May' 1,2002 '2 '

g y$183 r 84 85%toffeeahd *'

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$183,784 May 31, 2002)

.100%

of expenses!

Thifteenth (June 1; 2002'"

$81,860' 85%offeims'nd

$81 June 30, 2002)

' 100%-of expenses P' Fourteenth (July 1, 2002 -

$204,553 85%;offeess and

$204,553 July 31, 2002)

-- 100%.ofexpenses-.'

Fifteehtli (August, 1, 2002

$127,849 85% of'6fes and 100% of

$127,849

-August.31, 2002)

. expenses -

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Fou;h In~terim (April 1,

$1,06,253 "

15%'ioldback fees($104 60$)'

$108,253i F002 - Intri (Apri 1,0 et'Iw 2002

-July3 1, 2Q02).

'.net

-voluntary itef -3' 353 r

O1 W-14 ixteenember I 84,985' 5% fees and 100% expenses

$84,985 2002 - September 30, 2 002)*s t, :- ']&'- ¢>~OOE fi B

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.Sevente_

erth,

.$113,478

.85% fees and 160 % expbses

$113,

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

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Eighteenth (ovember 1,.

$315,139 85% fees and-160 %e'xpenses

$315,139 20OT" Nqyember 30, I

2002)

"t- :ii fiA&e'entht (Deceriber 1,

$227,074 85% fees d i0 %'expenses

$227,074 2002 - December 31, 2002)

Fiillirnteri (Aigii'ust' Y~1; 4)l^

15% hoidback fees l

$115,270 2002-November 30,..

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-21 22 23 24 25 26 27 28 Twentieth (January 1, 2003 $160,122.-.-... 85% feesadq

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• 100%,expenses:/,

.:$160,122

-January 31, 2003) r

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• t 1 Twenty-first (February 1,

$ 133,39,

.85% fees land il100% expenses

• i$133 793 2003 -February 28, 2003).. _

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,TwIenty-second (March 1,:.

$1.446;,

'85% fees and 00% expenses<

.$160,446.

2003 - March 3 1, 2003)...

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.T7ven-third (April 1,

$163,638 85% fees and 100%,expenses

. * $163,638 2003 - April. 3,2003) i

• 'TteptX-fourth (May

,'.,$157,479t; 85% fees and 100% expenses

$157,479 2003 - May 31, 2003)

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

$1i16,680 2002 - March 3 1, 2003).

Twenty-fiflh (June 1, 2003,,$105,31.1,

85% of feesad 100% expenses-

$105,311

- June 30, 2003)

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> c Twenty-sixth (July 1, 2003

$209,335 85% of fees anq 100% expenses

$209,335, uy 1,0 3

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.J-Twenty-seventh (August 1,

$109,631 85% of fees and 100% expenses-,1 $109f631 2003 - August3 1, 2003). <,,

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Seventh Interim (April 1,

$109,034 15% holdback fees riv

$.109,03.4 2003 - July 31, 2003)

Twenty-eighth (Septemberq

$195,459 ;*..$5%

of fees-and 100% expenses

$1949 1,2003 September 30, 9->;

2003)

Twenty-ninth (October 1,

.$135,119.

8 % oiets andj100% exp nses,.$135, 19 2003 -i

-(October 20. l e.-

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$118,774 85% of fees and 100% e*xpnses

$1.18,774 2003 - November 30,.

2003).

'Thirty-first (December 1,

$162,573 85% of fees and 100% expenses

$162,573 2003 - December 31, 2003)

Total Paid to the Firm to Date I i

$7,697,437

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$7,697,437.

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1. _________________________

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

I, Application Period

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,i e scription Twenty-seventh (August 1, 2093 -August,..

$1,298, j, 1;5.,fee holdback.

31, 2003) 4.,.,

Twenty-eighth (September 1, 2003 -.

$32,827.

15% fee. holdback September, 30, 2003) l 3

Twenty-ninth (Octoberj 20,3 -October

.$23,668

- j:;iJ, jlti%

fe holdback v.;L" 31,,2,003.).

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i Thirtieth (November 1, 2003-_ Novernbe~

$20;274~

1-9/6fee~holdback.,

30, 2003)

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.Thirty-first (December 1,2 033 -,;December,,, $28,212. ;,,%

• T-15% fee holdback Total Owed to Dteim P

$124,,279. '! ;

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6,.:.. Withregardtth opies of this Application served n counselfor ihe Committe,,counselfor te D n th Office. of.the.United; Stat s;Trustee, attached

s, Exhibit 1 hereto is the nanle, oeach,professionlwho 'performesdservices iniconnection with-this case during the period covered by this Application and the hourly rate for each such.

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_ _20-21 22 23 24 25 26 27 t 28 professional;-and (b) attached as Exhibits 2-1 and 2-2 are the -detailed-time and'exp-'ns'eei aements' f hie Application Period that comply with all Northern District of California -

Bankruptcy Local Rulesand 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 base.

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Pursuant to this-Court's 'ORDER ESTABLISHING INTERIM FEE APPLICATION AND EXPENSE REIMBURSEMENT PROCFDURE" which was entered on or-about-July 26, 2001, the Debtor-is-authorized-to. makethe payment requestcdliereift

,'witho'utE 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 objection:

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

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

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' The interim compensation and reimbursemient of expenses sought in this',

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

rendered in the case. Any. interim fees or jeimbursement of expenses approved bythis -o6iurt an'dreckeived.1fyihe Firm will be credited hgain st.'su'h.final-fees'-and' exjpenses 'as L..

allowed by this Court.

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10. -The Firm represents and warrants that its billing practices' comply Wina1l Northern District of California Bankruptc Local.Rules-and-Compensation GuidediAe 'and the Guidelines of the Pffice of the United States Trustee. Neither the`i&oN 'ahy members, of the Firinhas any agreem-ent', or~iderstiaing-n-lind-'& ire to divide, pay over o'r share. any portioa of ihe-fiesib oi bxj6sehs oe 66'gAr'ded to-the Firm with'ahy' oilier'jerson or -

attomey~exeptas-amongrtheiembe's a'ndd'sociates:tFiFrm' li;!

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,.42 2' 28 WHEREFORE, the Firm respectfiully requests that the Debtor pay c0ompensation to the Firnt as requested herein pursuant to and in accordance with the terns of he 'ORDER ESTABLISHING INTERIM FEE APPLICATION AND EXPENS REIMBURSEMENT PROCEDURE."

Dated: February 27, 2004

-S -

FTI Consulting Inc.

By: --

-ws Thomas Lumsen _

S-eniori MdiagfimgDirec or

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