ML030420552

FTI Consulting Inc. Cover Sheet Application for Allowance & Payment of Interim Compensation & Reimbursement of Expenses for December 1, 2002 to December 31, 2002

ML030420552
Person / Time
Site:	Diablo Canyon
Issue date:	01/31/2003
From:	Lumsden T FTI Consulting
To:	Office of Nuclear Reactor Regulation, US Federal Judiciary, Bankruptcy Court, Northern District of California
References
01-30923, 94-0742640
Download: ML030420552 (34)

Text

Thomas Lumsden FTI Consulting Inc.

199 Fremont Street San Francisco, CA 94105 Telephone:

(415) 498-5000 Facsimile:

(415) 498-6318 Accountants and Financial Advisors for Official Committee of Unsecured Creditors,

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3 4

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9 10 11 12 13 14 15 16 17 18 19

,20 21 22 23 24 25 26 27 28 PILED JAN 1 2003 Of 1 UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF CALIFORNIA SAN FRANCISCO DIVISION Case No.-01-30923 DM LECTRIC Chapter 11 Case ia corporation, CHari11 cae

[No Hearing Scheduled]

btor.

12640 FTI CONSULTING INC. COVER SHEET APPLICATION FOR ALLOWANCE AND PAYMENT OF INTERIM COMPENSATION AND REIMBURSEMENT OF EXPENSES FOR DECEMBER 1, 2002 TO DECEMBER 31, 2002 FTI Consulting, (the "Firm"), submits its Cover Sheet Application (the "Application")

for Allowance and Payment of Interim Compensation and Reimbursement of Expenses for ihe Period December 1, 2002 to December 31, 2602 (the "Application Period"). In support of the Application, the Firm respectfully represents as follows:

1.

The Firm serves as Accountants and Financial Advisors to the Official Committee of Unsecured Creditors. The Firm submitted an Application for appointment as Accountants and Financial Advisors to the Official Committee of Unsecured Creditors on September 27, 2002. 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, nuncpro tunc to September 1, 2002. The Firm hereby applies to the Court for WD 071701/1-1419903/42/931767/vl K

In re PACIFIC GAS AND E COMPANY, a Califorr De Federal I.D. No.94-07z V

I

allowance and payment of interim compensation for services rendered and reimbursement of expenses incurred during the Application Period.

2.

The Firm billed a total of $265,919 in fees and expenses during the Application Period. The Total fees represent 671.1 hours1.157407e-5 days <br />2.777778e-4 hours <br />1.653439e-6 weeks <br />3.805e-7 months <br /> expended during the Application Period. These fees and expenses break down as follows:,

1 2

3 4

5 6

7 8

9 10 11 12' 13 14 15 16 17 18 19 20 21' 22 24 F25' 26 27 28

3.

A'od~gl, te':irm seeks allowance of nt e'

3.

A6ordin th r

aofnterm compensation in the total amount of $227,074 atihis time.. *This total is-con'prised as follows:

A

$220,124 (85% of the fees for'se'r~i'ces ieiider~l)' plus $6,950 (100% of the expenses incurred).

4.

For theipost-petition period, th6 Firm, as suc6essor to tl6e Eiusiness Recovery Services practice of PnicewaterhouseCo6pers, LLP, has 1b&en paid' to date hs follows:

' (K '.'"'-

Application Period A. f Aidunt

- Description Amount Paid

'AppiiedFor' j..

First (April 11, 2001

$803,642 90% of fe"es and

$803,642 May3l,2001) 100%obfexpenses "

Second_(June 1, 20014-

$87,0!02.

90% of fees and i

$870;002 July 31 2001) 100%'bf expenses- :

. f4



-. 4

.1

'Payment of this amount would result in a "holdback" of $3 8,845 WD 071701/l-1419903/42/931767/vl Period j

Fees Expenses

- Total November 1,2002,-L'

$ i58,969 9-

$6,95d-

$265,919' November 30, 2002' I.-

L 2

3 "4

5 6

8.

9 11

12.

13 14, 16 17

,,,18 19 20, 21 22, 23 24 25 26 27 28 First Interim Fee

$2,408 10% fee holdback ($179,012) net $2,408 Application of PricewaterhouseCoopers LLP and Court Adjustments

($176,604)

Third (August 1, 2001 -

$358,024 85% of fees and

$358,024 August 30, 2001) -

100% of expenses Fourth (September 1, 2901

$293,871 85% of-fees and,, -

$293,871

- September 30, 2001) 100% of expenses,

Fifth (October 1, 2001i-

$307,809,

-85% of fees and

$307,809 October31, 2001) 100% of expenses Sixth,(Novenmber1,20,01,-,, $215159,6 85%of ees and,,,

$215,596 November 30, 2001) 100% of expenses Segcondbinterim Fe

.$145,541<.

15%,fee holdback ($198,105) net $145,541 Application, PfricewaterhouseCoopers LLP" adjustments ($52,564)

Seventh (December 1,

$192,887 85% of fees and

$192,887 2001-December 31, 2001),.*r 10,0%"of expenses;,:

Eight (January 1, 2002-

$223,013.,

85%.of fees and

$223,013 January31, 2002)

, 100% ofexpenses, Ninth (February 1, 2002

$197,888 85% of fees and

-, $197,888 February28, 2002)

,1O%'of expenses Tenth (March 1,-2002. -

$189,814 85% of fees 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

- '~ " '

" "iajiiistnntsi

($10,500)

WD 071701/1-1419903/42/931767/vl 1:

1 2

3 4

5 6

7 8

9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 I

1ISTwelfth (May 1, 2002 May 31, 2002)

Thirteenth (June 1, 2002 June 30, 2002)

Fifteenth (August 1, 2002.

-August 31, 2002)

Fourth Interim (April 1i; 2002 - July 31, 2002)

Sixteenth (September ;.

2002 - September 30,;

2002)

Seventeenth (October 1, 2002 - October 31, 2002)

$183,784

$81,860

+

$204,553,,

-t

$127,849

$106)253 4-i I

$84,985,.

$$11-3,478!'.-

Eighteenth (November 1;

$315,139, 2002 - November 30, 2002)c I.,-

Total Paid tothe Firm to Date

$5,3 17,699" 85% of fees and 100% of expenses

'.85% of fees and 100% of expenses 85% of fees and.'

100% of expenses 85% of-fees and 100% of expenses 85% of fdes and 100% of expehse-s 15% holdback fees ($109,606),

net voluntary V'rite-off ($3,353) 85% fees. and 100% expenses 850,%' ffes-and:6.00 %"e'xpefises' 85% fee-s and:100 %/ exp'enses r

4 4

Eleventh (April 1, 2002 April 30, 2002)

$127,849 4

$106,253

$84,985

$113,478

$315,139

$5,317,699 1,,'5.,.To dateý,the Firm-,is 6Wed~as fll6W§ (excluding amountd owed pursuant to

,,this A pplication). ;,.

4

4 4

4-ApplicationPeriod,

-A m ointr Description 15% fee holdback WD 07170I/I-14 19903/42/931767/vi $185,003 Fifteenth (August 1, 2002--Aug0Lst31.

$21,147' Fourteenth (July 1, 2002 -'

July 31, 2002)

$185,003

$183,784

$81,860

$204,553

-t J

"ýi

1 2

3 4

5 6

7 8

-9

',1 11 12 13 14 15 16 17 j 18 19" 20 21 23 24 25

---

. 26

.27:

28

6.

With regardito the copies of this Applicatio 'served on cbunsel for the Committee, counsel -for the Debtor and thieOffi6e of the United States Tiustee, attached as Exhibit 1 hereto is thenamd of each professional who perfornied services in connection with this case during the period roveked by thi&Application andcthe hourly rate for each such professional; and (b) attached as Exhibits 2-1 and 2-2 are the detailed time'and expense statements for the Application Period that comply with all Northern District of California Bankruptcy Local Rules and CoMpensatibn'Giiidelines and the Guidelines of the Office of the United States Trustee.

.7, The Firm has served a copy 0of this Application (without Exhibits) on the Special Notice List in this case.

8.

Pursuant to this Corct'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 furtherhearing~o oroler of~ibis,,ourtunless 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 isauthorized to pay the amounts, if any, not subject to the objection. The Firn. is infqrmed and believes1 tt11 this Coyer Sheet.Application:was mailed by first class WD 071701/1-1419903/42/931767/v I Application Peribd,Amount Description 2002)

Sixteenth (September l;.2002---September

$14,415 Itw 15%-fee holdback 30,2002)

Seventeenth (October 1, 2002 October 31,

$18,970' 15% fee holdback 2002)

Eighteenth (November -1;,2002 -November.

$55,207'"

15% fee holdback 30,2002)

Total Owed to Firn to-Date,

$109,739" 1

mail, postage prepaid, on or about January 31, 2003 2

9.

The interim compensation and reimbursement of expenses sought in this 3

Application is on account and is not final. Upon the conclusion of this case, the Firm will 4

seek fees and reimbursement of the expenses incurred for the totality of the services 5

rendered in the case. Any interim fees or reimbursement of expenses approved by this Court 6

and received by the Firm will be credited against such final fees and expenses as may be 7

allowed by this Court.

8

10.

The Firm represents and warrants, that. its billing practices comply with all 9

Northern District of California Bankruptcy Local Rules and Compensation Guidelines and 10 the Guidelines of the Office of the UnitediStates.Trustee. Neither the Firm nor any. members 11 of the Firm has any agreement or understanding of any kind or nature to divide;,lay over or 12 share any portion of the fees or expenses to be awarded to the Firm with any other pýrson or S13.

attorney except as among the members and associates of the Firm.

14 15 WHEREFORE, the Firm respectfully requests that the Debtor pay compensation to the Firm 16 as requested herein pursuant to and in accordance with the terms of the 'ORDER 17 ESTABLISHING INTERIM FEE APPLICATION AND EXPENSE REIMBURSEMENT 18 PROCEDURE."

19 Dated: January 31, 2003 FTI Consulting Inc.

20 21 By:

Thomas E. Lumsden, 22 Senior Managing Director 23 24 25 26 27 28 WD 071701/1-14199031421931767/vl Exhibit I Professional Pacific Gas and Electric

-.. Summary of Time By Professional For the Period December 1, 2002 Through December 31, 2002 Title Time Total Billing Rate Ho, Rocky Iking, Floris "Kim, Angela Kitchin, Jennifer Lumsden, Tom

" 'Neisi-Mag'ery

[.'

.Perfit; Ryan",

Reiss, Freddie Sin, Theresa' Young, Allison Total Managing Director Consultant S""

Paraprofessional Director Sr. Managing Director I"' ' ; "COnsultant ri.

'. Asskoclate t

Sr. Managing Direct V-.f..

,t1Associate

',i-,-

,'i' 119.0 18.1 48.5 38.3 152.5 10.3

, 94.5

,32.6 94.2' s

d

-q

', '- -Directokr

.- 1

. 63.1 s.

og

)L,**

671.1 475

$56,525 290

$5,249 55

$2,668 425

$16,278 "s5§5

$90,738 "345

$3,554 215

$20,318

'595 g

$19,397

-185

$17,427

-425

• i

$26,818

$258,969

• N TIN'I,

• 1 I--

'*'A I - I.

C 1'

I j

t 4

I I

Page 1 of 1 Fee Total

Pacific Gas and Electric Summary of Time By Task Code December 1, 2002 throughi December 31, 2002 Time Total Asset SalesNaluation Issijes 1

Bankruptcy Reporting/Operations Cash Flow Analysis Claims Analysis CPUC Plan of Reorganization CPUC Review' CPUCIOCC Plan of Reorganization Debtor Plan of Reorganization DWR Contracts/Analysis Fee Application FERC Review E

Financial Statement Modeling General Committee Matters Subcommittee Matters Travel Time, Totals.

186.2 74.8 8.2 41.5 4.8 26.2 164.2 46.0 46.5 15.8 12.8 8.2 10.4 22.0 671.1

$56,289 - "...,

$14,954

$1,968

$19,766'

$2,856",

$12,198

$71,142

$25,937

$19,300

$4,929

$6,880

$2,742 V

,$5,089 r..

$12,838

$2,083

$258,969 I

"Page I of I Exhibit 2 Task Code Fee Total

Pacific Gas and Electric Timze Reporting Detail Reporting by Task Code December 1, 2002 through December 31, 2002 Professional Date Hours Billing Rate Fees Task Code:

Asset Sales/Valuation Issues Ho, Rocky, Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky SubTotal: "'Ho, Rocky 1214/2002

.2.6

$475

$1,235 00 Review and analyze draft liquidation analysis in support of the Lumsden declaration.

12/412002 2.2

$475

$1,045.00 Review and analy-ze'valuaton apjbroach to market transactions re'review market comps.

12/4/2002 1.5

$475 12/5/2002

'1.3.

$475 121512002 1.3 12/5/2002 1.3 12/51002

• 1,3

$475

$475 12/11/2002 0.9

$475 11.1

$712.50 Review and analyze regulatory asset projections and amortization schedule.

$617.50 Review revised Ulquldabonanal~sis re:TCBA & GMA account, POR claims.

$617.50 Review and analyze support of market multiple comps - descriptions / regulatory assets.

$617.50 Review effective tax rate of liquidation scenario.

$427.50 Review updated draft analysis of market comps valuation.

$5,272.50 12/2/2002

,$290 12/4/2002 2.5""

$290 12/412002 0.9

$290 12/4/2002 2.4

$290 12/512002 2.8

$290

$725.00 Review and revise audit binder for market valuation multiple comparison for Ameren, Southern Company, Sempra, MDU & Allegheny.

$725.00 Review and analyze audit binder for market valuation comparable analysis for TXU, Florida Power and Light, Cinergy Corporation, American Electric Power and Dominion Resources. Inc.

$261.00 Review, analyze, and revise assorted equity valuation analyses and related exhibits re: expert testimony of T. E. Lumsden.

$696.00 Identify scope of market valuation analysis summary report and cover sheet and prepare draft.

$812.00 Review and analyze audit binder for market valuation comparable analysis for. DTE Energy.

Avista Corporation, SCANA Corporation, Duke Energy, ENTERGY, and PSEG.

12/612002 3.6

$290

$1,044.00 Analyze selected utility acquisition transactions and compare transaction multiples to proposed multiples of a PG&E transaction.

12/9/2002 3.4

$290

$986.00 Review, analyze, and Investigate comparable utility transaction multiples In support of expert testimony of T. E. Lumsden and related support documents.

Friday, January 31, 2003 P"

Exhibit 2-1 Description,,

Iking. Floris lking. Flods Iking, Floris Iking, Floris Iking, Floris lking, Floris Iking, Floris Page.1 of 21

Date Hours Billing Rate 'Fees Description SubTotal:

Iking, Florfs 18.1 1

$5,249.00 Kitchin, Jennifer 1214/2002 0.4

$425 Kitchin, Jennifer 12/4/2002 0.6

$425 Kitchin, Jennifer 12/10/2002 1.3

$425 SubTotal:

K0tch/n, Jennifer 2.3 Lumsden, Tom i2/22002 0.9'

$595 Lumsden, Tom 12/3/2002 0.9.

$595 Lumsden, Tom 12/4/2002 3.2

$595 Lumsden, Tom 12/4/2002 3.6

$595 Lumsden, Tom 112/4/2002

" 2.1

$595 Lumsden, Tom 12/5/2002 1

Lumsden, Tom 12/6/2002 0.9 Lumsden, Tom 12/6/2002 2.3 Lumsden, Tom 12/11/2002-

2.2 SubTotal

Lumsden, Tom 17.1 Perfit, Ryan 12/2/2002,

2.9-,,

$215 Perfit, Ryan

,,12/3/2002 1.2

$215, Perfit Ryan

,12,4/2002.

4.1 -

$215, Perfit, Ryan 12/4/2002 321-'

$21"5' Perfit, Ryan 12/5/2002 2.7 -

$215 Perfit, Ryan 12/5/2002

,2.5,-

$215,.

$170.00 Review comparables valuations

$255.00 Review liquidation analysis outline.

$55250 Review & discuss com parables analysis

$977.50

$535.50 Review valuation approach of filed rate litigation and regulatory asset with R. Perfit. Develop valuation approach for regulatory asset.

$535.50 Meet with counsel to address valuation report and brief on equity value.

$1,904.00 Draft sections of equity valuation report.

$2,142.00 Draft sections of expert report on liquidation analysis.

$1.249.50 Draft sections of expert (eport on filed rate settlement and regulatory asset valuation.

$595.00 Review and update liquidation analysis.

$535.50 Review data for transaction multiple approach to value of PG&E. Review URG decision and Impact.

$1,368.50 Review market multiple company data for segment Info on electric and gas utility operations and market area for assessment of equity value of reorganlzed PG&E.

$1,309.CO Review updated trai6actlon comparables analysis for data on a TTM from date of announcement Test data and compare multiples to T. Lumsden valuation repoit

--- t r

$10,174.50

$623.50 Create schedule to analyze the life and valuý of the Regulatory Asset.

$2591.00 Revise schedule to analyze the life and present-.

value of the Regulatory Asset

$8PI1.50 Revise the Regulatory Asset analysis for T.

Lumsden.

$688.GO Create a Debtor liquidation analysis.

$5?0.50 Create and revise Transaction schedule for T.

Lumsden.

$537.50 Create and revise Transaction multiple, schedule for T. Lumsden.

Friday, January 31, 2003 Professional Page 2 of21

Professional Date Hours Billing Rate Fees Description Perfit, Ryan 121512002 2.7

$215 Perfit, Ryan 12/5/2002

- 2.5

.$215 Perfit, Ryan 1216/2002 4.3

$215 Perlt, Ry-n 12/13/2002 2.6

$215 Perfit, Ryan 12/9/2002 325

$215 Perfit, Ryan 12/9/2002 35

$215 Perfit, Ryan 12.1/9/2002 3"

$215 Perfit, Ryan 2ý1 1/2'002

-~3t2

$ $2'15 Perfit, Ryan 12/12/2002 1.3

$215 2

C, SubTotal:

Perfit, Ryan

' 50.1 Sin, Theresa 12/3/2002 2.6

$185 r,

f-t',t L' t

Sin, Theresa

. 12/3/2002 1.6

$185

,Sin, Theresa:

f,,

.$2/3/2002

,.3 8,

$185 Sin, Theresa 1214/2002 *,

11 r

$185_

Sin, Theresa 12/512002 2-3

$185 Sin, Theresa 12/6/2002 2.2

$185 ZfSin, Theresa 12/612002 2.1

$115 Sin, Theresa 12/8/2002 5.5 j $1§5 Sin, Theresa 124/2602 - r '6.2

'$185 Sin, Theresa r

,13121(2002-f 8,-

3$185 Sin, Theresa f

, '12/11/2002 h, 54 '-'

$185

$580.50 Create and revise Regulatory Asset valuation schedule for T. Lumsden.

$537.50 Create and revise Uquidation Analysis for T.

Lumsden.

$924 50 Review the FTI transaction multiple valuation transactions.

$55900 Prepare a Transaction Multiple valuation based on public Information.

$752.50 Continue to prepare a Transaction Multiple valuation based on public Information.

$1,075.00 Prepare a Transaction Multiple valuation based on public Information.

$1,806'00 Continue to prepare a Transaction Multiple valuation based on public Information.

$688.00 Continue to prepare a Transaction Multiple valuation based on public Information.

$279.50 Continue to prepare a Transaction Multiple valuation based on public Information.

$10,771.50

$481.00 Review exhibits for trial, go over comp and transaction multiple analysis.

f

$296.00 Research comp summaries.

$703.00 Continue to go over comp and transaction multiple analysis. Research comp summaries.

$2,035.00 FTI Uquldation analysis. Review exhibits, OC models.

$425.50 Compile files used In liquidation analysis.

$407.00 Continue qualitative analysis on comps used In market multiple analysis.

$388.50 Start qualitative research on market mUltiple analysis.

$1,017.50 Research public'fllin9's for market multiple analysis for customer Info., capacity, regulatory assets, etc.

$1,14f.00 Work on comp'analylis.

$1,480.00 OC and work on transaction multiples and continue work on comp analysis.

$999.00 Review comp. Atiýlysis update presentation and' summaries.

Sin, Theresa, '

Friday, January 34, 2p03 12/12/2002

-2.8 f85

~

$518.00 Review com'pAnaly~sls update presentation and summaries.

Page 3 of 21,,

Date

-Hours Billing Rate TFees Description Professional

Professional Date Hours Billing Rate Fees Description Sin, Theresa SubTotal:

Sin, Theresa Young. Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison Young, Allison I

12/17/2002

' ; 2.1

$185 55.6 12/4/2002 1.6

$425 1//0 12/5/2002 1215/2002 12-16/2C02 12i612002 12/6/2002 12/6/2002 1218/2002 12/19/2002 1-219/2002 12/9/2002 12/9/2002 12/9/2002:

12/9/2002 12/1/2002 0.6 2.2 1.5.

0.7

,1,9*

4.3 2.7 0.7

" 1.6" 0.8

.0.6 4.77-2/10/2002 3.7

$425

$425

$425

$425

$425:

$425

$425

$425

$425

$425

$425

-$425

$425.

$388.50 Research summary data for Camps.

$10,286.00

$680.00 Respond to questions on PG&E valuations

$255.00

$935.00

$637.50

$1,232.50

$297.50

$807.50

$1,827.50

$1,147.50

$297.50

$680.00

$340,00

$595.00

$255,00

$1,997.50;'

Review and QC market multiple analysis Perform DCF calculations on asset valuation.

QC DCF valuation analysis Review and QC FTI's liquidation analysis' Review and QO camp transaction analysis Review and OC Regulatory asset cash flow exhibits to TEL testimony Research comparable transaction data provided by Huron and tie to public discussion Update comparable transaction analysis: research Orange & Rockland Utilities Update comparable transaction analysis: research CILCORP/AES Update comparable transaction analysis: research CMP Group/Enargy East Update comparable transaction analysis: research Central & South West Corp/AEP Update comparable transaction analysis: research Mid-American Energy Holding Co/Multiple investors Update comparable transaction analysis: research Eastern Utilities Association/New England Electric QC and create audit binder for transaction multiple valuation work.

$1,572.50 Research purchase prices for input to FTI's comparable transaction valuation worksheet SubTotal: Young, Allison 31.9

$13,557.50 Total: Asset SalecA/aluation Issue 18&2

$56,288.50 Task Code:

Bankruptcy Reporting/Operatfons L

Ho, Rocky-12/3/2002 1.2

$475

$570.00 Review and awilyze Moody's recent crecit rating report on debtor-support credit requirements for post-confirmation status.

Friday, January 31, 2003 Professional Date Hours Billing Rate Fees Description Page 4 of 21

Professional Date Hours Billing Rate; Fees Description 12/5/2002.

0.9 12/9/2002 1.6 Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky 12,10/2002 12/10/2002 "

, 12/11/2002

$47

$47

$47

"$47

$47

'*$47 1.7 2.2 1.2, Ho, Rocky 12/13/2002,.

0.9

,F.

Ho, Rocky 12/16/2002 1.3 Ho, Rocky "i'2h18/2002-" : "".5 Ho, Rocky 12/18/2002' "

6.4 Ho, Rocky 12118/2002',

.1.'4 Ho, Rocky 12116/2002 008"'

Ho.Rocky-

-- "-r112/30/2002 1.4

$47

$47

$47

$47

$f47 SubTotal:

Ho, Rocky.. i

.21.5.

I.

75

$427.50 Review and analyze credit rating's research report on generating assets in the US.

75

$760.00 Review and analyze motion by debtor for authorization to procure power for the net open position subject to credit limitations.

75

$807.50 Review and analyze Merced Irrigation Districts objection to PG&E's motion to resume power procurement of the net open position.

75

$1,045.00 Review PG&E filed procurement plan for 2003 with the CPUC in support of its ability to begin power procurement of the NOP.

5,

$570.00 Review PG&E power procurement filing for 2003 filed with the CPUC.

75.

$427.50 Review and analyze debtor's reply brief in opposition to Merced Irrigation District - to release un-redacted copy of the power procurement plan filed with the CPUC.

5

$617..50 Review and analyze debtor's motion to resume pro6urement of the net short position for FY 2003; debtor's redacted generation procurement plan prepared for the CPUC dated November 12,2002.

75

$237.50 Review and analyze debtors proposed stipulation withMidway Sunset PPA.

'5

$3,040.00 PG&E Plan proceedings - attendance to review the Reuger testimony re:details of the power agreement and Its Impact to rate recovery; environmental Issues - permits vs. agreements, etc.

5

$695k%

Regiew and analyze court proceedings re:PG&E's gen divestiture Issues - Mr. Rueger's testimony.

'5

$380.00 Review and analyze Impact of Pike County Pruderice Review of Bilateral Power Purchase Agreement.

'5

$66500 Review and analyze draft motion re.FERC refund payments.

Z,

$10,212.50 A

Kim, Angela Kim, Angela Kim, Angela Kim, Angela Kim, Angela 'r Friday, January31, 2003.

1212/2602

- 1.9

"$55'5

$104.50 Review and iecord documents from other professionals and data received from PG&E.

12/3/2002 2.1

$55

$115.50 Review and record documents from other professionals and data received from PG&E.

1214/2002

'".2'

$55

$176.00 1 Review and record'documents from other professionals and data received from PG&E.

1215/2002 0.9

$55

$49950-Review and record documents from other.

professionals and data received from PG&E.

1216/2002o 2.7

$55

$148.50 Review and recbrd documents from other',

.- k -

professionals and data received from PG&E.

Page 5 of.21 ",

". *Description Date Hours Billing Rate -, Fees Professional

- Professional Date Hours Billing Rate Fees Description Kim, Angela Kim, Angela, Kim, Angela Kim. Angela Kim. Angela Kim, Angela Kim, Angela Kim, Angela Kim, Angela Kim, Angela Kim, Angela SubTotal:

im, Angela Reiss, Fredd"ie SubTotal" Reiss, Freddr Young, Allison Young, Allison Young, Allison 12/7/2002 6.4

$55

$352.00 Review and record documents from other professionals and data received from PG&E.

1219/2002 2.4

$55,

$132.00 Review and record documents from other.,;

,professionals and data received from PG&E.

12/10/2002 1.9

$55

$104.50 Review and record documents from other professionals and data received from PG&E.

12/11/2002 2.1

$55

$1115.50 Review and record documents from other professionals and data received from PG&E.

12112/2002 2.3

$55

$126.50 Review and record documents from other professionals and data received from PG&E.

12/13/2002 4.9

$55

$269 50 Review and record documents from other professionals and data received from PG&E.

12/16/2002 1.5

$55

$8250 Review and record documents from other professionals and data received from PG&E.

12/17/2002 2.1

$55

$115.50 Review and record documents from other professionals and data received from PG&E.

12118/2002

'5.8"

$55

$319.00 Review and record documents from other professionals and, data received from PG&E.

12/19/2002 3.8-

$55

$209.00 Review and record documents from other professionals and data received from PG&E.

12/20/2062' 4.5

$55

$247.50 Review and record documents from other professionals and data received from PG&E.

SW 48.&

5 'G "

$2,667.50 12/2/2002

0.

$9"*"

$1iOO R,?

"/2/2002 0.2

.$595

$ 119.00 Review docuýents served by debtor.

e

"'"0.2'

$119.00 II

' l 12/4/2002

.. 41.3

$425

$552.50 Review SCE1CPUC settlement and application to PG&E 12110/2002 0.7

$425

$297.50 Review emails on court activities and legal' filings In the case.

12/17/2002 2.6

$425

$1,105.00 Review summaryAAU ruling on generator refunds.

SubTotal:

Young, Allison 4.6

$1 Total: Bankruptcy Reporting/Opera 74.8

$14, Task Code:

Cash Flow Analysis Lumsden, Tom-112/212002-1.1

$595

$654.50 Y

4

.1 LU.

,955.00 954.00 Review Capex data schedules. Analyze data and changes and direct development of comparisons and changes to projections for trial exhibit illustration.

Friday, January 31, 2003 IProfessional Date Hours Billing Rate ' 'Fees,

Description f

Page 6 of 21

',ý ;

Professional Date

- Hours Billing Rate Fees Descrption SubTotal: Lumsden, Tom 1.1 Sin, Theresa 12/212002 2.9

$185 Sin, Theresa 12/2/2002 2.4

$185 Sin, Theresa 12/5/2002 1.8.

$185.

SubTotal:

Sin, Theresa

7.1 Total

Cash Flow Analysis 8.2 Task Code:

Claims Analysis Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky 1212/2002 08 121312062 0.9"

• 44 12" IL

,*-L I.

I" -

r 12/5/2'602 1.*6" 12/9/2002

,0.8..,,"

12/9/2002 0.7 12/10/2002-1.26 12/10/2002 0.8 1 219/2002 0.7

'12110/2002' 1.2 12112/2002 0.9 4#

", I - *i'\\,

12/13/2002

-2.2 r

12/17/2002 12/17/2002 1.4 1VJ.3 1.3 Ho, Rocky

'.. -,12/19/2002,.

4,1.2 Ho, Rocky "

120/202 "1.6

$475

$475

$475

$475

$475

$4751.

$475

$4754 4,

$475

$475

$475 4 $475

$475

$475

$65450

$536.50 Review new cap 'ex assumptions from trial for TEL exhibits.

$444.00 Create new chart showing changes in capex.

$33300 Compile files used in cap ex analysis.

$1,313.50

-. 4.*

$1,968.00

$380.00 Review and analyze Hunter's Point stipulation.

$427.50 Review and analyze claims stipulation re:SCE claim number 9702.,

$807.50 Review and analyze stipulation between debtor and AES Pacific.,

$760.00 Review and analyze class of claims and possible S*

Impact of future liabilities associated with a liquidation.

$380.00

, Review and analyze draft stipulation with SCE claim number 9702.

$332.50 Review and analyze Chevron stipulation.

$570.00 Review and analyze stipulation between debtor and TIG re:settlement issues.

$380.00 Review and analyze~the AES Canpartners stipulation.'

$190.00 Review and analyze the Chevron stipulation.

$427.50 Review and analyze stipulation with NEG re:claim.

1,045.00 Review and analyze supporting documentation to the NEG stipulation.

$665.00 Review and analyze Utilisource stipulation.

$617.50 Review and analyze debtor's stipulation and order authorizing assumption of power purchase agreement and compromise of claims with Midway Sunset Cogeneration Company.

$570.00 Review and analyze Redding stipulation.

$760.00 Review and analyze stipulations re:various SCE claims.

Friday, January 31. 2003 Page 7 of 21 Date,,7

-Hours Billing Rate Fees Professional

-* Description

Professional Date Hours Billing Rate Fees Description 12/20/2002 2.3

$475

ý12/26/2002 0.8 12/26/2002 1.8

$475

$475 Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky Ho, Rocky 12/27/2002 2.3

$475 12/27/2002 1.8

$475 12/30/2002 "1.3 SubTotal: Ho, Rocky Lurnsden, Tom '

12/10/2002

- 2.2

$475 30 "12/111/2002' ' " 0.7 12/30/2002

$1.092.50 Review and analyze claims stipulation between debtor and NEG - review underlying invoices and discuss with debtor's counsel issues related to the

$23M agreement

$38000 Discuss with counsel status of various stipulations.

$855.00 Review contractual agreement bet6een debtor and NEG with regards to stipulated claim.

$855.00 Review and ahalyzý Uilisource claim - various opposition motions and other supporting documentation.

$190.00 Review and analyze Monterey stipulation.

$1,092.50 Prepare and call with Milbank arid' Howard Rice to discuss various stipulations in preparation for today's hearing.

$855.00 Review and analyze Soledad stipulation.

$617.50 Review supporting documentation In support of stipulated claim - SCE # 9704.

$14,250.00

$595

$1,309.00 Review expert reports re PG&E estimation of environmental claims and expenditures by Prof Rae'sser to ds"sis d.taims in liquidaflon.

1.

$595

$416.50 Review FG&E expert reports on claims in Chapter 11 and In liquidation for further assessment of liq1,dation value. - -

I I

$595 12/31/2002 1.1" '

$595 4.4 1

12/30/2002

' 0.5 '

$185

$238.00 Review claims detail with A. Young re pass-thru claims and claims in liquidation.

$654.50 Review claims detail on pass thru claims and notes from A. young on same.

$2,618.00

$92.50 Go ovier litigati6rm pass through claims detail for T.'

Lumsden's review.

SubTotal: Sin, Theresa 12116/2002

.4

$425 12/30/2002 5.2

$425 SubTotal:

Young, Allison 6.6

$595.00 Review and follow-up with debtor on analysis/status of filed generator claims.

$2,210.00 Review follow-up data on generator and pass

' through claims data.

$2,805 00

$19,765.50 Friday, January 31, 2003 12/27/2002 1.8

$475 12/2712002 04

$475 Lumsden, Tom Lumsden, Tom Lumsden, Tom SubTotal:

Lumsden, Tom Sin, Theresa.

0.5 Young, Allison Young. Allison

$92.50 Total: Claims Analysis Professional Date

- Hours Billing Rateý ' Fees Description Page 8 of 21 1 " A'.'. ".

Task Code.:

CPUC Plan of Reorganization Lumsden, Tom Lumsden, Tom Lumsden, Tom SubTotal: Lumsden 12/7/2002 ' ' 3.1 12/7/2002 09,

,.12/7/2002 0.8 n, Tom 4.8

$595

$1,844.50

,$595

$595 Review market multiple data and transaction data for support of market multiple approach to valuation of equity of PG&E.

$535.50 Review joint proponents brief in support of TEL expert testimony In joint plan confirmation.

$476.00 Review materials In support of direct testimony report.

$Z856.00 Total: CPUC Plan of Reorganizatio 4.8 CPUC Review Ho, Rocky 12/6/2002 1.6

$475 Sub ota-o,- R;,

• • I r

SubTotal:

HO, Rock#

1.6

$760.00 Review and analyze PG&E's recent URG filing.

$760.00 Lumsden, Tom 12/1/2002 3.8 Lumsden, Tofn..

1*/002

..-2.

Lumsden ",

(,",:, y 2

Lumsden, Tom12//202,

,A*-

$595

$2,261.00 Review TRA-TCBA account statements, evaluating

., I detail entries for January 2001-December 2001.

$595

$595 r

Lumsden, Tom Lumsden, Tom 1212/2002 1.3 12/30/2002 0.3

$595

$1,547.00 Review TRA-TCBA account statements for April 2000 thru December 2000. noting detail entries, and correlate with power prices and volumes.

$2,499.00 Meet with Jeannette Lo of CPUC with R. Perfit re review of regulatory accounting history and details of TRA-TCBA account, as well as GMA. Discuss detail analysis of regulatory accounts.

$654.50 Review of TRA-TCBA and GMA account schedules, direct prepafation of TRA-TCBA schedules and illustrations.

$178.50 Review articles on net short resumption by PG&E.

Lumsden, Tom 12/31/2002, 0.;

$595

$178.50 Review CPUC proceedings and dockeL SubTotal:, Lumsden, Tom 12.3 Neis, Margery 12/30/2002 1.6

$345 Neis, Margery 12131/2002

-3.9

$345 SubTotal: Nels, Margery 5.

• .. '*" 5.5 Perfit, Ryan

$552.Q00 Download CPUC filings

$1,345 50 Download CPUC filings

"$1,897.50 12/2/2002 4.8

$215

$1,032.00 Meet with CPUC regarding various Issues including the Transition Revenue Account and Transition Cost

• .Balancing Account.

Friday, January 31, 290o3, Task Code:

$2,856.00

$7,318.50

-Fees Description Professional Date

- Hours Billing Rate I, t 1%.,

Page 9of 21

Professional Date Hours Billing Rate' Fees Descrrption

.1

$1,032.00

$1,190.00 Review CPUC'motions regarding PG&E plan.,

$1,190.00

$12,198.00 CPUC/OCC Plan of Reorganization I

Ho, Rocky 12/2/2002, 0.9 Ho, Rocky 12/2/2002 1.5 Ho, Rocky 12/3/2002 0.6 Ho, Rocky 12/4/2002 2.5 Ho, Rocky 12/4/2002 2.1 Ho, Rocky 12/5/2002 2.3 Ho. Rocky

. 12/5/2002 1.2 Ho, Rocky

.12/5/2002"..

0.9 Ho, Rocky 12/6/2002:1 2.1 Ho, Rocky 1216/2002 2.7 Ho, Rocky 12/6/2002 1.9 Ho, Rocky 1 12/6/2062

- '1.3, Ho; Rocky 1

'"12/6/2002

' "'0.7 Ho, Rocky -,

12/8/2002 -.

2.5 Ho, Rocky 12/9/2002 0.9 Ho, Rocky 12/9/2002.,

2.5,

$475

$475

$475

$475

$475

$475

$475 -'

q

$475-"1

$475

$475

$475

$475

$475

$475!

$475

$475

$427.50 Review and analyze projected capital structure of joint plan - return on equity.

$712.50 Review and analyze PG&E Corp's trial brief in opposition to the joint plan re impairment of equity holders.

11

$28500 Review trial summary update of joint plan confirmation hearings.

I 1,187.50.

-, Review and comment on draft Lumsden expert report.

$997.50

$1,092.50

$57000 Review and comment/edit various financial exhibits in rEupport of Lumsden testimony.

Review and comment on revised draft of T Lumsden re:expert witness report.

Rea/iew and analyze revised joint plan filed 12/5/02.

$427.51 Review background support of T Lumsden Expert.

Witness Report.

$997.50 Review and co~nment / edit on financial exhibits In support of the Lumsden expert report.

$1,282.50 Review and analyze draft Third Amended Joint Plan of Reorganization.

$902.50 Review and analyze Hulse testimony in support of Joint Plan, assessing feasibility of financings.

$617.50 Review and analyze Warburg's proposed $1.5B bridge financing in support of the Joint Plan.

$332.50 Review various trial summaries prepared by Milb~nk.

$1,187.50 Review and analyze Third Amended Joint POR and supporting exhibits.

$427.50 Review and analyze Joint Plan Proponents motion to introduce T Lumsden as expert witness including,

memorandum of points and supporting declaration.

$1,187.5M Review and prepare documentation support of the Lumsden expert report.

Friday, January 31, 2003 U16/2002 4.8 2

$595 SubTotal:

Perfit, Ryan Reiss, Freddie SubTotal:

Reiss, Freddie Total: CPUC Review Task Code:

2 26.2 Page 10 of 21 Professional Date Hours Billing Rate, Fees Description

$1 I

J

Professional Date

'II6urs Billing Rate Fees Description 12/10/2002

'- 3.5 Ho, Rocky Ho, Rocky Ho, Rocky Ho. Rocky Ho, Rocky

,, cl "*

Y!

I Ho. Rocky Ho, Rocky Ho, Rocky

" $475 12/11/2002 *.

1.6-

-.,$475 12/16/2002 1.1

$475 12117/2002 2.5

$475 12/17/2002 12/18/2002 12/2012002 "12/20/2002 0.8 1.3 1.1

,1.1

$475

$475

$475

$475 SubTotal: '-HO, RdckY

'39.6 Kitchin. Jennifer

'12/3/2002 "A.4

$425 I

15if j

Kitchin, Jennifer 121412002,

"$425 Kitchin, Jennifer,,

-'12/5/2002' 2.1V`

$425 Kitch6,ri Jennifer 12/5/2002 0.7

$425!

Kitchin, Jennifer 12/6/2002 1,3 -

$425 Kitchin, Jennifer 12/20/2002 1.4

$425

-I t

C V

A SubTotal: Kitchin, Jennifer 8.7 Lumsden,'Tom 12/1/2002 1.7

$595 Lumsden, Tom '

12/3/2002 0.5

$595 r Lumsden, Tom 12/3/2002': -3 '-3. (

$595 Lumsden, Tom 12/3/2002 A1.4

$595

$1,662.50 Review and prepare documentation support of the Lumsden expert report - discovery request.

$760.00 Review discovery documents in support of the Lumsden expert report.

$522.50 Review Lumsden expert witness report In preparation for meeting with counsel re:Lumsden deposition.

$1,187.50 Review and analyze documentation In support of the Lumsden Expert Report - response to request from debtor for additional information.

$380.00 Review and analyze motion for authority to Incur professional expense with regards to UBS commitmerit fees.,

$617.50 Review and analyze T Lumsden expert witness

\\V report; suplortirig'documents provided.

$522.50 Review and analyze fees proposed In UBS letter.

$522.50 Review and analyze UBS Bridge term sheet and fee letter.

$18,81-0.00

$595.00 Review trial summaries.

$765.00 Review TEL expert reporL

$892.50 Re1,iew 3rd Ame'nded Joint Plan

$297.5b Re~iew trial.su~i-mrnii&s

$552.50 Review UBS bridge term sheet

$595.00 Review UBS bridge facility docs (draft)

$3,697.50

$1,011.50 Review Court testimony of C.McManus and K.

Harvey, Including deposition of K Harvey. Review "TRA-TCBA notos and schedules.

$297.50 Begin testimony on filed rate claim, capex and value "of equity. Break for lunch.

$1,785.00 Provide testimony In court on confirmation of Joint Plan. Testimony covering capex. and filed rate settlement-value of regulatory asset

$833.00 Meet with CPUC and OCC counsel to prep for testimony on capex spending and projections.

" 12/3/2002

,r '2.1

$596,a t,

$1,249.50 Attend Court Cohfirmation hearing on Joint Plan.

Friday, January 31, 2003 Lumsden, Tom

% Description '

Professional Date "ilý urs Billing Rate 'Fees Pagel11of21*,, -

Professional Date Hours Billing Rate' Fees Description Lumsden, Tom Lumsden, Tom Lumsden. Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom L.

Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom 12/4/2002 0.4 12/4/2002 06 12/4/2002' 1.4 12i5/2002 2.1 12/5/2002 0.8 12/5/2002

-2.9 12/5/2002 1.5 12/6/2002 2.5 12/6/2002 1.4 1216/2002 1.1 12/6/2002 0.6 12/9/2002 2.4 12 9/2002 1.3 1219/2002 1.1 12/10/2002 1.4 12/12/2002 1.4 12/17/2002 1.4 12/18/2002 7.8 12/19/2002 4.2 12/20/2002 2.1 12/27/2002 0.9

$595

$595'

$595

$595

$595

$595

$595

$595

$595

$595

$595-,

$595

$595

$595

$595

$595

$595

$595

$595

$595

$595

$238.00

$357.00

$833 00

$1,249.50

$476.00

$1,725.50

$892.50

$1,487.50

$833.00

$654 50

$357.00

$1,428.00

$773.50

$654.50

$83300

$833.00

$833.00

$4,64f.00

$2,499.00

$1,249.50

$53550 Review bridge financing materials and emails on same.

Friday, January 31, 2003P Review Kosturas liquidation analysis for development of FTI approach.

Review materials and Issues for development of liquidation analysis.

Review draft of expert report materials.

Review documents for assembly for delivery re PG&E discovery request.

Review and edit direct testimony for Paul Weiss attorneys.

Participate in Confirmation hearing re W. Hu6se testimony on UBS commitment.

Participate in confirmation hearing re W. Hulse tesbmony and court scheduling matters.

Review and edit direct testimony for expert report with Paul Weiss counsel.

Review expert report and edits, edit calculation on reg asset vel~ation, incorporating Murphy and McManus testimony.

Review Murp'hy testimony re filed rate claim and reg asset valuation.

Telephone calls with B. Lamb and M. Hamilton re reg asset treatment re regulatory return and accounting.

Participate in Court hearing in PG&E to reopen evidence casc forT.ULmsden report.

Review PG&E reply brief on motion for TEL to serve "as expert and admit report.

Review documents for discovery and confidentiality issues.

Review expert reports and review computer files for Identificatior ofdo'cuments for discovery.

I Review documents and computer files for additional documents In response to discovery request by PG&E, note added documents re valuation analysis.

Review and prepare for deposition, review expert reports and exhibits.

Participate in Lumsden Deposition by PG&E.

Participate in Lumsden Deposition by PG&E and by Palo Alto.

Review bridge financing documents and term shleets for Joint Plan.

Lumsden, Tom Professional Date Hours Billing Rate, Fees Description Pagi 12 of 21, '

Professional Date Hours Billing Rate Fees Description Lumsden, Tom 12/30/2002 2.4

$595 Lumsden, Tom 12/30/2002 0.3

$595 ST1//

2.

Lumsden, Tom 12/301/2002 0.3

$595 Lumsden, Tornm 12131/2002 2.4

$595 SubTotal:

Lumsden, Tom 534 Perfit, Ryrn 11/30/2002 5.9

$215 Perfit, Ryan 12/4/2002 6.1

$215 Perfit, Ryan 12/6/2002 2.5

$215 Perfit, Ryan 12113/2002 i.24

$215 Perfit, Ryan I'-j',.

1216/2002 3.9.

$215 Perfit, Ryan 12117/2002 4

1 $215 Perfit, Ryan 12/1812002 3.9

$215 Perfit, Ryan 12119/2002 0.8

$215 Perfit, Ryan 1_21191i2002"

'05.2

$215 SubTotal: Perfit, Ryan r

34.7 Reiss, Freddie 12/2/2002 1.9

$595 Reiss, Freddie

,-12/3/2002 1.1 -

$595 Reiss. Freddie, 12/992002 2

$595 SubTotal:, Reiss, Freddie 5

Sin, Theresa 12/2/2002 2,9

$185 S in T e r sa

'. ) - r, "..-, -"

• j Sin, Theresa 12/2/2002 3.6

$185 Sin, Theresa 12/5/2002 3.9

$185 Sin, Theresa 12/6/2002 3.2

$185

. 13.6 SubTotal:

Sin, Theresa Friday, January 31, 2003

$1,428.00 Review draft depo transcript of Lumsden deposition.

$178.50 Telephone call with J. Wilson re bridge loan.

$178.50 Review term sheet for bndge loan and supporbng documents.

$1,428.00 Review T. Lumsden deposition transcript for reminder of first and second day.

$31,773.00

$1,268.50 Preparation for T.Lumsden court testimony.

$1.311.50 Prepare final versions of the TEL schedules for T.

C'11 Lumsden (FTI).':,'.

$537.50 Finalize TEL Exhibits for T. Lumsden and distribute.

$516.00 Review proposed 2003 GRC for POR presentation.

$838.50 Review proposed 2003 GRC for POR presentation.

$860.00 Review proposed 2003 GRC for POR presentation.

$838.50 Review of the proposed 2003 GRC to reconcile to the 1999GRC.;

$172.00 Revise Nov POR presentation.

$1,118.00 Review of the proposed 2003 GRC to reconcile to the 1999 GRC. Start revising Nov POR presentation

$7,460.50

$1,130.50 Review PG&E trial brief regarding equity Issues.

$654.50 Review PG&E opposition to CPUC plan regarding equity Impairment.

$1,190.00 Review trial summaries and new UBS letter.

$2,975.00

$536.50 Create FT exdlbits for trial.

$666.00 Review exhibits and provide materials for T.

C

' Lumsden for testimony.

$721.50 Prepare files for discovery request

$592.00 Prepare discovery request for T.Lumsden exhibits.

2,516..0,'0

$2,516.00 Page 13 of 21

• Date _Hours Billing Rate 'Fees'.,

-Description Professional

Date

,Hours Billing Rate Fees I Description Young, Allison 12/4/2002

. 1.9 r $425 "

Young, Allison 12/5/2002 Young, Allison 12/5/2002 Young, Allison 12/11/2002 48

- 1.3 1.2

$425

$425

$425 SubTotal:

Young, Allison

9.2 Total

CPUC/OCC Plan of Reorgan 164.2 Task Code:

Debtor Plan of Reorganization Ho, Rocky 12112/2002 2.1

$475 Ho, Rocky 12/12/2002 1.2

$475 Ho, Rocky 12/16/2002

.1.7

$475 SubTotal:

Ho, Rocky 5

Kitchin, Jennifer 12/12/2002 2.1,

$425.

SubTotal:

Kitchin, Jennifer 2.1 Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom 12/13/2002 09

$595 12/13/2002 1.1

$595 12/14/2002 0.4

$595 12/14/2002 1.1

$595 12/14/2002 12/14/2002 12/14/2002 12/16/2002 0.3 0.5 0.6 0.3

$595

$595

$595

$595

$807.50 Prepare analysis of historical capital' structure to the cap structure assumed under the CPUC/POR

$2,040 00 Review and QC numbers in exhibits to TEL testimony

$552.50 Research GRC for support for POR number

$510 00 Review and update POR analysis presentation

$3,910.00

$71,1420O

$997.50 Review and analyze CPUC's trial brief in opposition to debtor's plan.

$57000 Review CPUC motion for summary judgment denying cohfirmation'of dcbtcir's plan and supporting points.

$807.50 Review PG&E's trial brief in support of confirmation hearings.

$2,375.00

$892.50 Review CPUC filings re: PG&E Plan -,

$892.50

$535.50 Review CPUC trial brief re Debtors Plan.

$654.50 Review CPUC findings of fact re Debtor Plan.,

$23800 Review documents re motion for summaryjudgment by CPUC re Debtor Plan.

$654.50 Review Debtor Plan of reorganization and Genco PSA filing at FERC.

$17850 Read documents re MID and Palo Alto motion to defer confirmation hearing due to FERC proceedings.

$297.50 Review CPUC opposition brief to PG&E Plan confirmation.

I

$357.00 Review PG&E Plan confirmation trial brief.

$178.50 Review emails on PG&E re CPUC strategy.

12/16/2002 2.8

$595

$1,666.00 Participate in PG&E confirmation hearing, testimony T, -ý,

.-, )

by U. Ruger....

Friday, January 31, 2003 A,-

Professional Page 14 of2l t,'

Date, --Hours Billing Rate Fees Description Lumsden, Tom 12/16/2002 3.6

$595

$2,142.00 Lumsden, Tom 12/17/i002 1.8 I$595 071.00 Lumsden, Tom 12117/2002 2

$595

$1,190.00 SubTotal: Lumsden, Tom 15.4

$9 Reiss, Freddie 1213/2002 4.2

$595

$2,499 00 Reiss, Freddie 12/16/2002 5.9

$595

$3,510.50 Reiss, Freddie 12/17/2002' 5.4-

$595

$3,213.00 Reiss, Freddie.-

,12/18/2002 5.2

$595

$3,094.00 Sub'otau : Reiss,A'edde 20.7

$1 Young, Allison 12/17/2002 0.7

$425

$297.50 Young, Allison i 12/17/2002 1.2

'$425

$51b'60 Young, Allison 12/17/2002 0.3

$425

$127.50 Young, Allison 12/18/2002 0.6

$425.

$255.00 SubTotal:'

Yoiung, Allison 2.8 1

Total: Debtor Plan of Rebrgad/zifo 46

$25 Task Code:

DWR Contracts/Analysis Ho. 11o6ky

' '12/30/2002

'1.8

$475

$855.00 SubTotal:

Ho, Rcky 1.8 Kitchin, Jennifer 12/11/2002 08

$425

$340.00 Kitchin, Jennifer 12/17/2002 1.9

$425

$807.50 Kitchin, Jennifer 12/17/2002 -

1.7,

$425

$722.50 Participate In Debtor confirmation hearing, Including scheduling matters, summary judgment motion re non-compliance with discovery re S&P. Opening remarks by PG&E, CPUC and other objectors, US Attorney.

Paricipate In PG&E POR confirmation hearing.

Testimony of G Ruder.

Participate In PG&E P6R confirmation hearing, testimony of G. Ruger.

,163.00 Attend court confirmation hearing through Court Conferencing.

Attend court confirmation hearing regarding PG&E plan through court ponferencing.

Attend court hearing through court conferencing.

Attend court hearings regarding confirmation through Court Conferencing.

.316.50 Respond to discovery request from debtor Review emails/documents on CPUC court filings against the PG&E POR.

Review summary of activity during the first day of the PG&E POR trial.

Review emalls on activity In PG&E POR trial.

,190.00 937.00 Review status of updated DWR contracts analysis.

$855.00 Call with Navigant re: v.10 model review Review Navigant model for PG&E's DWR payments.

Conference call with Navigant to review DWR RR model structure Friday, January 31, 2003 Professional Page 15 of21 -

Professional Date Hours Billing Rate Fees Descr:ption 12/18/2002 1.2

$425 12/18/2002 0.4

$425 12/18/2002 2.3

$425 12/19/2002 2.7

$425 12/30/2002' 0.8'

$425 12/30/2002 1.9

$425 Kitchin, Jennifer 12/30/200 Kitchin, Jennifer 12/30/2002 Kitchin, Jennifer 12/31/2002 SubTotal:

Kitchin, Jennifer Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom 12/13/2002 12/27/2002 12/30/2002 12/30/2002 2

28

$425 1A

$425" 3.8

$42 21.6 06

$595

-3.3

$595 1.4

$595

.,2.4

$595 12/31/2002 2.6 Kitchin, Jennifer Kitchin, Jennifer Kitchin, Jennifer Kitchin, Jennifer Kitchin, Jennifer Kitchin, Jennifer

$595

$1,547.00.

Review Navigant model on DWR contracts and net short in Califomia and allocation to PG&E.

SubTotal:

Lumsden, Tom Neis, Margery SubTotal: Neis, Marge, Sin, Theresa Sin, Theresa Sin, Theresa SubTotal:

Sin, Theresa Total: DWR ContractslAn Friday, January 31, 2003' 10.3 12/30/2002 4.8

$345

ý "

-i"'

4.8 12/30/2002 3.1

$185 12/30/2002 2.1

$185 12/30/2002 2.8

$185 8

46.5 alysis

$6,128.50

$1,656.00 Review Navigant DWR revenue requirement model

$1,656.00 4'.-.

I t.

$573.50 Review Navigant model v. 20 and prepare questions/areas to discuss for meeting.

$388.50 Review Navigant model v. 20 for DWR meeting.

$518.00 Go over adjustments made to model, most recent changes to v. 20 model.

$1,480.00

$19,299.50 Page-16 of 21

$510.00 DWR RR research

$170.00 Coordinate meeting w/ Navigant

$977.50 Research & wnte Navigant data request

$1,147.50 Review DWR filings & CPUC responses

$340.00 Discuss structure of DWR RR model

$807.50 Review Navigant data request responses &

supporting info I.

$1,190.00 Meeting with Navigant to review model

$55250 Review v. 20 of DWR RR model

$1,615.00 Review assumptions behind DWR RR model in CPUC & DWR filings

$9,180.00

$357.00 Review Navigant model details and issues.

$1,963.50 Review DWR contracts and navigant projection files in preparation for meeting with naviganL.

$833.00 Review DWR models from Navigant for structure and content, revie)wf t)tes from Navigant meeting.

$1,428.00 Meet with Navigant Staff on rWR models. Discuss model formulas and questions on contract changes.

Date Hours Billing]Rate Fees Professional Description

Task Code:

Fee Application 0

Ho, Rocky 12113/2002 0.9-

-$475 SubTotal: Ho, Rocky 0.9 Lumsden, Tom 12/20/2002 1.3

$595 Lumsden, Tom 12/27/2002 1.2

$595 SubTotal:

Lumsden, Tom 2.5 Sin. Theresa 12/17/2002 38

'$185 Sin, Theresa 1211812002 2.8 Sin, Theresa 12119/2002 2.8

$185 SubTotal: Sn, Theresa 9.4 IS Young, Allison 12/19/2002 2.1

$425 Young. Allison 12/20/2002 0.6

$425 Young,'Aflisbri 1"2/2/2002'

.3 6-

$425 SubTotal:,Young,'Alison,

L L-.,

3.,

T..11 15.8 Total: Fee Application.

FERC Review 12/12/2002 Ho, Rocky 12/12/2002 SubTotal: Ho, Rocky Kitchin, Jennifer 1213/2002 SubTotal: Kitchin, Jennifer Lumsden, Tom 1211212002 2.2

$475

$1,045.00 Review FERC refund findings - recent draft decision

'with the California markets.

1.1

$475

$522.50 Review and analyze Pike County exception to the a3-..,

filed rate doctrine.,

3.3

$1,567.50 0.6

$425

$255.00 Review status of FERC CA power contract hearings

, 0.6

$255.00 0.8

$595

$476.00 Review emalls on PG&E and Pike County prudence

.k review memoranda.

Friday, January 31. 2003 Task Code:

Ho. Rocky Page 17 of 21

$427.50 Review and prepare detail time descriptions for November 2002.

$427.50

$773.50 Review fee statement for FTI for November.

$714.00 Review time detail for monthly fee statements.

$1,487.50

$703F00 Work on monthly fee app.

$518,QO Work on time detail and expenses.

$518.00 Finish cover sheet for fee app

$1,739.00

$892.50 Review monthly cover letter application and

,-, ý supporting exhibits.

$255.00 Review latest draft of fee application

$127.50 Review fee app details.

(C

$1,275.00

$4,929.00

-*Description Professional Date,;*Hours Billing Rate

-Fees,

Professional Date Lumsden, Tom 12/12/2002 Lumsden, Tom 12/13/2002 Lumsden, Tom 12/13/2002 Lumsden, Tom

. 12/14/2002 Lumsden, Tom 12/17/2002 Lumsden, Tom 12/17/2002 Lumsden, Tom 12/18/2002 SubTotal:

Lumsden, Tom Young, A!lison 12/13/2002, Professional

, 7.5 1.4 -

$425 SubTotal:

Young, Allison 1.4 -'

Total: FERC Review 12.8 Task Code:

Financial Statement Modeling Ho, Rocky 12/4/2002 -"

1.3

$475 SubTotal:

Ho, Rocky-1.3 Lumsden, Tom 12/1/2002 1.3

$595 SubTotal:

Lumsden, Tom, 1.3 Perfit, Ryan 12/2/2002

$215 Perfit, Ryan 1212/2002 1.7

$215 Perfit, Ryan 12/5/2002 2.1

$215 SubTotal:

Perfit, Ryan 4.9 Young, Allison 12/6/2002 0.7

$425 Friday, January 31, 2003 Date Hours 1.2 1.8 0.4 0.8 0.8 1.2 0.5 Billing Rate

$595

$595

$595

$595

$595

$595

$595 Fees Description

$714 00 Review FERC AU decision on refunds and emails related to same. Review details of refunds by claimant for PG&E.

$1,071 00 Review FERC refund data for PG&E and claimants.

$238.00-Review pike county applihation memo by Milbank.

$476 00 Review furth'er analyfyis of FERC AU refund decision and analysts reports.

$476.00 Review FERC filing for Genco and FERC comments.

$714.00 Review PG&E FERC filing materials on Genco and FERC staff ccmments.

$297.50 Review news data re FERC refund and Avista contracting, DWR contract settlements.,

$4,462.50

$595.00 Review and summarize impact of FERC ordered refunds on PG&E and OCC/CPUC plan of reorganization.

$54J.'00

$6,880,00

$617.50 Review and analyze TRA I roll forward analysis as of 12/31/02.

$617.50

$773.50 Review SCE materials on settlement of filed rate case, emails to A. Young on analysis oftPG&E joint plan, and PG&E pre-energy crisis balance sheet.

$773.50

$236.50 Review the Transition revenue accounts in preparation for meeting with the CPUC.

$365.50 Create a Transition Revenue Account / Transition Cost Balancing Account Schedule.

oil

$451.50 Create and revise Transition Revenue Account roll forward for T. Lumsden.

$1,053.50

$297.50 Review and OC TRA analysis exhibit to TEL declaration Pagil8 of

Date

'Hours Billing Rate. Fees Description SubTotal:

Young, Allison 0.7

$297.50 Total: Financial Statement Modelmn 8.2

$2,742.00 Task Code:

General Committee Matters Ho, Rocky

,12/12/2002 0.8

- $3475 Sub'otal:' Ho, R~d~kY 0 8 Kitchin, Jennifer

{2/3/2002" 2.61

$425 Kitchin, Jennifer,,

7;

.12/11/2002,

0.4 -

$425 SubTotal: Kitchin, Jennifer Lumsden, Torm'1' "

12/Z002 T "-1.4

'$595 n,

Tom 121 0

Lumsden, Tom 12/1 9/2002

,, 0 8.

$595 Lumsden, Tom SubTotal: Lumsden, To

!/30/2002 0.3 "

$595

• m 2.5 Reiss, Freddie 12/18/2002,

-1

$595 Reiss, Freddie 12/19/2002 0.2

$595 SubTotal:

Reiss, Freddie 1.2 Young, Allis"n

'" "24/.2002-0,..0.6,

$425 Young, Allison 12/4/2002 O.V3

$425 Young, Allison 12/12/2002 1.2

$4?5 Young, Allison 12/12/2002 0.8

$425

",, h ':l '"

L _.

SubTotal:

Young, Allison c:-. -

t,'

h 2.9 C.

Total: General Committee Matters 10.4 Task Code:

Subcommittee Matters Friday, January 31, 2003

$380 00 Partial attendance to committee meeting - update on trial status and elements of the Lumsden expert report.

$380.00

$1,105.00 Review emal updates on case acivities

$110500 Review email updates on case activities S$1,275 00

$633.00 Participate in Committee conference call re update on matters concerning Joint Plan confirmation.

$476.00 Review workplan for PG&E matters. Telephone call with P.Aronzon re same, review emails on confirmation Issues of joint plan.

$178.50 Review hearing schedule and workplari.

$1,487.50

$595.00 Review trial data.

$119.00 Review memo from counsel regarding trial status.

$714.00

$255.00 Review email updates on case activities

$127.50 i Respond to creditor voice maiis

$510.00 Usten to OCC committee call update on case status.

$340.00 Review emails on case updates and legal filings.

$1,232.50

$5,089.00 Page 19 of 21 Professional I

Professional Date Hours Billing Rate Fees Description 12/16/2002 2.1

$475 SubTotal: Ho, Rocky 2.1 12/1/2002 3.7

$595 12/2/2002 1 2

$595 12/2/2002 1.2

$595 12/2/2002 5.6

$595 12/3/2002 1

$595 12/3/2002 0.6

$595 12/4/2002 2.2

$595 12/9/2002 0.4

$595 12/9/2002 0.3

$595 12/9/2002 0.8

$595 12/13/2002 0.4

$595 Ho, Rocky 12/16/2002 2.1

$595

$1,249.50 Meet with K.Ostrow, M Diamond, and Paul Weiss attorneys re preparation for Lumsden deposition on expert report.

12/30/2002 04

$595 19.9 22

$23800 Telephone call P. Aronzon and M.Hamilton re net short and trial schedule.

$11,840.50

$1Z838 00 Task Code:

Travel Time Friday, January 31, 2003

$997.50 Meeting with Milbank and Paul Weiss to review and prepare for the Lumsden deposition scheduled for Dec 18.

$997.50

$2,201.50 Meet with OCC and CPUC counsel to review filed rate claim data and findings o6f TRA-TCBA account.

Prepare for testimony In Joint Plan confirmation hearing. Discuss value of reorganized equity, regulatory asset.

$714.00 Format exhibits for filed rate testimony, review backup materials and TRA account, review CPUC Nov. 7 decision.

$714.00 Review Parent brief on Impairment of equity.

$3,332.00 Meet with attorneys for CPUC re preparation for testimony on Capex. filed rate claim, regulatory asset value, value of reorganized equity, format exhibits for each segment with T. Sin and R. Perfit Prepare for testimony with counsel.

$595.00 Review valuation materials on PG&E as Integrated utility as preparation for testimony.

$357.00 Meet with counsel for CPUC and OCC on testimony preparation.

$1,309.00 Review and edit expert report on equity valuation, liquidation analysis, and filed rate settlement/regulatory asset valuation,

$238.00 Telephone call to P.Aronzon re T.Lumsden expert report and PG&E reply.

$178.50 Telephone call to J. Wilson re T. Lumsden expert report.

$476.00 Meet with Paul Weiss and Milbank counsel re T.

Lumsden deposition schedule and preparation.

$238.00 Telephone call with P.Aronzon re Genco strategy and PSA assessment by Paul Weiss attomeys.

Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom SubTotal:

Lumsden, Tom Total: Subcommittee Matters Professional Date Hours Billing Rate Fees

...Description Page 20 of 2i'

Professional Date Hours Billing Rt Reiss, Freddie 12/18/2002 1,5

$595 Reiss, Freddie 12/19/2002

-2

$595 Itt SubTotal:

Reiss, Freddie

3.5 Total

TrOvel77mne Total Project:

7J.1

+

I 1

r It C..,

-p'
-

34,

,n CC Lh-IC

• '£tl",'

-q

.!,I C..,

U.

/-.

..,1*c.

3/4"-

"I "l

1 "P

ate Fees Description

-$892.50 Travel from Los Angeles to San Francisco.

$1,190.00 Travel from San Francisco to Los Angeles.

$2,082.50

$Z082.50

$258,969.001

,-I --

°,

i Friday, January 31, 2003

" *t:'= '? ": f 0,.

I I.

I Page 21 of 21

Pacific Gas und Electric Detail of Expenses,

December 1, 2002 through December 31, 2002 Date Category Amount Description FTI Consulting FTI Consulting Ho, Rocky Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom Lumsden, Tom 12123/2002 Sundry 123*1/2002 Sundry 12/25/2602 1

9/11/2002 ld 11/2002 10/21/2002 Sundry Sundry Sundry Transportation 10/23/2002 Transportation 10/29/2002 Business Meals and Entertainmen 10/29/2002 Business Meals and Entertainmen 11/18/2002 Lodging 11/18/2002 Sundry 11/19/2002 Lodging 11/1912002 Sundry 11/20/2002 Lodging 12/2/2002 1213/2002 Transportation Business Meals and Entertainment 1216/2002 Transportation

$2,018.78 Printing and postage fees for service of November cover letter application.

$2,910.64 Printing and postage fees for service of December cover letter application.

$46 88 Cell phone charge for PG&E calls

$173.00 cell phone charge for PG&E

$71.00 cellphone charge for PG&E

$32.00 American Express travel charge for after hours service for flights charged on previous cover letter (for rating agency meeting).

$16.00r American Express travel charge for after hours service for flights charged on previous cover letter (for rating agency meeting).

t $50.00 Dinner to discuss PGE, M. Hamiton and T. Lumsden Meals - Out of town dinner. (114 of bill of $208.91) t $367.54 catenng for meeting with PG&E 10/29/02

$140.22 Room charge to stay in SF for PGE meeting - working with attomey's.

$10.65 Telephone charges - in hotel while working with attorneys overnight for trial.

$204.14 Room charge to stay in SF for PGE meeting - working with attorney's.

$1.50 Telephone charges - in hotel while working with attorneys overnight for trial.

$248.52 Room charge to stay in SF for PGE meeting - working with attorney's. (2 nights)

$16.00 parking for meeting at CPUC

$77.50 PG&E working lunch with T.

Lumsden, M. Hamilton, H. Aranton, K. Ostrow, J. Wilson.

$24.00 Parking for delivery and review of Expert Reports and Discovery of Documents A LJrS U,,

eau~t*uary J0,

VUJ "Page 1 of 2 Exhibit 2-2 Name F"-

.2 1 A A 2

Amount Description L

I F

F F

F F

,y F,

S,

o 1

A ~

2 Name Lumsden, Tom 12/1112002 Sundry Zeiss, Freddie 12/1812002 Transport Zeiss, Freddie 12/18/2002 T'an*poi Reiss. Freddie 12/18/2002 Transport

eiss, Freddie 12/18/2002 Transport

,eiss, Freddie 12/18/2002 Transport teiss. Freddie 12/19/2002 Sundry teiss, Freddie 12119/2002 Transport teiss, Freddie 12/19/2002 Transport oung, Allison 1213/2002 Sundry

Voung, Allison 12/11/2002 Sundry.

C o'

1 fU pjr 22*.



2'

.

"2 I

.9 C'

254 2-v 2 iilr.i i' 

-.rc Thu rsday, January 30, 2003 Page2of2 Date Catego*

SThursdfay, January 30, 2003

'. Page 2 of 2 ry a*ton ation ation allon ation ation abon

$159.00 Cell phone charge for PG&E

$10.00 Taxi from hotel to dinner.

$4000 Taid from SFO airport to FTI office.

$50.00 Travel service fee - UA

1. 0167319202475

$130.50 Airfare: LAX-SFO RT UA

" #0167319202475

$1000-..Taxl from restaurant to hotel.

$5.00 Tips at hotel.

$41.00

,Taxi from hotel to SFO,airport.

$53.00

,Parking pt LAX (2 days).

$12.00 phone charges at hotel to connect to network to access emails on PG&E.

$31.00

, cell phone charges on the case.

$6,949.87 1.

PROOF OF SERVICE STATE OF CALIFORNIA, COUNTY OF SAN FRANCISCO I am employed in thed County of San Francisco, State of California. I am over the age of 18 and not a party to the within action; my business address is 199 Fremont Street, 4th Floor, San Francisco, California.

On January 31, 2003, I served on the parties listed on the attached Service List, the foregoing document(s) described as:

APPLICATION OF FTI CONSULTING INC. FOR ALLOWANCE AND PAYMENT OF.

COMIPENSATION AND REIMBURSEMENT OF EXPENSES (DECEMBER 1, 2002 THROUGH-'

DECEMBER 31,2002):

X by placing the _ original X a true copy thereof enclosed in sealed envelopes addressed as stated on the attached service list:

(BY UPS OVERNIGHT DELIVERY)

X Following ordinary business practices at the San Francisco office of FTI Consulting, Inc., I placed the sealed envelope(s) for collection and mailing with UPS on that same day. I am readily familiar with the firm's practice for collection and processing of correspondence for mailing.

Under that practice, such correspondence would be deposited with UPS on that same day, with postage thereon fully prepaid at San Francisco, California, in the ordinary course of business.

(FEDERAL)

I declare that I am employed in the office of a member of the bar of this court at whose direction the service was made.

Executed on January 31, 2003 San Francisco, California.

Theresa Sin Type or Print Name Signature 01/31/03 12 44 PM

Proof of Service by UPS Next Day Air James L. Lopes, Esq.

Howard, Rice, Nemerovski, Canady, Falk & Rabkin Three Embarcadero Center, 7th Floor San Francisco, CA 94111-4065

[Counsel to Debtor]

Office of the U.S. Trustee Attn: Stephen Johnson 250 Montgomery Street, Suite 1000 San Francisco, CA 94104-3401 Robert Jay Moore Paul S. Aronzon ' "-

Milbank, Tweed, Hadley & McCloy LLP 601 South Figueroa Street Los Angeles, C-A90017 "

[Counsel for Official Committee'ofUnseciurdd Creditdrs]:9

'3114' i-,

7,

2-'

~

,r-:-zvI-------

-V, 14 1'-

B j ofle.

1 3/4

.9

.,-I "C1 U

U J

• 3

PROOF OF SERVICE STATE OF CALIFORNIA, COUNTY OF SAN FRANCISCO I am employed in the County of San Francisco, State of California. I am over the age of 18 and not a party to the within action; my business address is 199 Fremont Street, 4t" Floor, San Francisco, California.

On January 31, 2003, I served on the parties listed on the attached Service List, the foregoing document(s) without exhibits described as:

FTI CONSULTING INC. COVER SHEET APPLICATION FOR ALLOWANCE AND PAYMENT OF INTERIM COMPENSATION AND REIMBURSEMENT OF EXPENSES FOR DECEMBER 1, 2002 TO DECEMBER 31,2002 X

by placing the _ original X a true copy thereof enclosed in sealed envelopes addressed as stated on the attached service list:

(BY MAIL)

X Following ordinary business practices at the San Francisco office of PricewaterhouseCoopers LLP, I placed the sealed envelope(s) for collection and mailing with the United States Postal Service on that same day. I am readily familiar with the firm's practice for collection and processing of correspondence for mailing. Under that practice, such correspondence would be deposited with the United States Postal Service on that same day, with postage thereon fully prepaid at San Francisco, California, in the ordinary course of business.

(FEDERAL)

I declare that I am employed in the office of a member of the bar of this court at whose direction the service was made.

Executed on January 31, 2003 San Francisco, California.

Theresa Sin A '

Type or Print Name Signature 01/31/03 12:45 PM