ML030420552
| 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
1 Thomas Lumsden FTI Consulting Inc.
2 199 Fremont Street 3
San Francisco, CA 94105 Telephone: (415) 498-5000 PILED Facsimile: (415) 498-6318 JAN 1 2003 4
Accountants and Financial Advisors for Official Of 1 5 Committee of Unsecured Creditors ,
6 7
8 UNITED STATES BANKRUPTCY COURT 9 NORTHERN DISTRICT OF CALIFORNIA 10 SAN FRANCISCO DIVISION 11 In re Case No.-01-30923 DM 12 PACIFIC GAS AND ELECTRIC Chapter 11 Case COMPANY, a Califorr ia corporation, [No Hearing cae CHari11 Scheduled]
13 Debtor.
14 15 Federal I.D. No. 94-07z12640 16 FTI CONSULTING INC. COVER SHEET APPLICATION FOR ALLOWANCE AND PAYMENT OF INTERIM COMPENSATION AND REIMBURSEMENT OF 17 EXPENSES FOR DECEMBER 1, 2002 TO DECEMBER 31, 2002 18 FTI Consulting, (the "Firm"), submits its Cover Sheet Application (the "Application")
19 for Allowance and Payment of Interim Compensation and Reimbursement of Expenses for
,20 ihe Period December 1, 2002 to December 31, 2602 (the "Application Period"). In support 21 of the Application, the Firm respectfully represents as follows:
22
- 1. The Firm serves as Accountants and Financial Advisors to the Official 23 Committee of Unsecured Creditors. The Firm submitted an Application for appointment as 24 Accountants and Financial Advisors to the Official Committee of Unsecured Creditors on 25 September 27, 2002. An Order for Appointment of the Firm as Accountants and Financial 26 27 Advisors to the Official Committee of Unsecured Creditors was entered on October 31, K 2002, nuncpro tunc to September 1, 2002. The Firm hereby applies to the Court for 28 WD 071701/1-1419903/42/931767/vl ._ -.
V I
1 allowance and payment of interim compensation for services rendered and reimbursement of 2 expenses incurred during the Application Period.
3 2. The Firm billed a total of $265,919 in fees and expenses during the 4 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 5 Period. These fees and expenses break down as follows:,
6 7 Period j Fees Expenses .- - Total 8 November 1,2002,-L' $i58,9699- $6,95d- $265,919' 9 November 30, 2002' ...
10 3. 3. A'od~gl, te':irm A6ordin th r seeks allowance aofnterm of nte' " compensation in the total amount of $227,074 atihis time.. *This total is-con'prised as follows: A 11 12' $220,124 (85% of the fees for'se'r~i'ces ieiider~l)' plus $6,950 (100% of the expenses 13 incurred). ' ,.
14 4. For theipost-petition period, th6 Firm, as suc6essor to tl6e Eiusiness 15 Recovery Services practice of PnicewaterhouseCo6pers, LLP, has 1b&en paid' to date hs 16 follows: ' (K ' .'"'- : -- ,
17 I.-
18 Application Period Aidunt A. f - Description Amount Paid 19 " 'AppiiedFor' j.. "
20 First (April 11, 2001 $803,642 90% of fe"es and - $803,642 21' May3l,2001) - 100%obfexpenses "
22 Second_(June 1, 20014- $87,0!02 . 90% of fees and i - ' $870;002 July 31 2001) ' 100%'bfexpenses- : .
24 f4 .1 F25'
-. 4 26 27
'Payment of this amount would result in a "holdback" of $3 8,845 28 WD 071701/l-1419903/42/931767/vl L
First Interim Fee $2,408 10% fee holdback ($179,012) net $2,408 2 Application of PricewaterhouseCoopers LLP 3 and Court Adjustments "4 ($176,604) 5 Third (August 1, 2001 - $358,024 85% of fees and $358,024 6
August 30, 2001) - - - 100% of expenses
- 8. Fourth (September 1, 2901 $293,871 85% of-fees and,,- $293,871 9 - September 30, 2001) _ 100% of expenses ,
Fifth (October 1, 2001i- $307,809, -85% of fees and $307,809 11 October31, 2001) ,, ' 100% of expenses ,
- 12. Sixth,(Novenmber1,20,01,-, , $215159,6 85%of ees and,,, . $215,596 13 November 30, 2001) 100% of expenses .__,___.
14, Segcondbinterim Fe .$145,541<. 15%,fee holdback ($198,105) net $145,541 Application, , PfricewaterhouseCoopers LLP" 16 adjustments ($52,564) ,-.
17 Seventh (December 1, $192,887 85% of fees and $192,887
- ,, ,18 2001-December 31, 2001) ,.*r 10,0%"of expenses; ,:
19 Eight (January 1, 2002- $223,013., 85%.of fees and $223,013 20, January31, 2002) , 100% ofexpenses, ,
21 Ninth (February 1, 2002
$197,888 85%-
of fees and , .
- , $197,888 22, February28, 2002) ,1O%'ofexpenses 23 Tenth (March 1,-2002. - $189,814 85% of fees 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 - '~" ' " "iajiiistnntsi ($10,500) 1:
WD 071701/1-1419903/42/931767/vl 1
Eleventh (April 1, 2002 $185,003 85% of fees and $185,003 J
2 April 30, 2002) 100% of expenses 3 1I -t STwelfth (May 1, 2002 $183,784 '.85% of fees and $183,784 4
May 31, 2002) 100% of expenses 5
Thirteenth (June 1, 2002 $81,860 85% of fees and.' $81,860 6
June 30, 2002) 100% of expenses 7 +
I Fourteenth (July 1, 2002 -' $204,553,, 85% of-fees and $204,553 8
July 31, 2002) 100% of expenses 9 -t Fifteenth (August 1, 2002 . $127,849 85% of fdes and 100% of $127,849 10
-August 31, 2002) . expehse-s 4 11 Fourth Interim (April 1i; $106)253 15% holdback fees ($109,606), $106,253 12 2002 - July 31, 2002) "ýiI net voluntary V'rite-off ($3,353) 13 4-i Sixteenth (September ;. $84,985,. 85% fees. and 100% expenses $84,985 14 2002 - September 30,;
15 2002) , ' ,
16 850,%' ffes-and:6.00 %"e'xpefises' Seventeenth (October 1, $$11-3,478!'.- $113,478 17 2002 - October 31, 2002) 18 85% fee-s and:100 %/exp'enses Eighteenth (November 1; $315,139, 19 $315,139 2002 - November 30, 20 2002)c I.,- r 4 4 21 Total Paid tothe $5,3 17,699" $5,317,699 22 Firm to Date 23 1,,'5. ,.Todateý,the Firm-,is 6Wed~as fll6W§ (excluding amountd owed pursuant to 24 ,,this Application). ;,. ","* . ,, * . . . ,,* * , . ,
25
4 4 4 4-26 ApplicationPeriod, ': " - -Am ointr 27 Description Fifteenth (August 1, 2002--Aug0Lst31. $21,147' -
28 15% fee holdback 14 WD 07170I/I- 19903/42/931767/vi 1
Application Peribd ,Amount Description 2
2002) 3 Sixteenth (September l;.2002---September $14,415 Itw 15%-fee holdback 4
30,2002) "
' 5 Seventeenth (October 1, 2002 October 31, $18,970' 15% fee holdback 6
2002) _,_,_ ___'_'
7 Eighteenth (November -1;,2002 -November. $55,207'" 15% fee holdback 8
30,2002)
-9
',1 Total Owed to Firn to-Date, ', $109,739"
- 6. With regardito the copies of this Applicatio 'served on cbunsel for the 11 Committee, counsel -for the Debtor and thieOffi6e of the United States Tiustee, attached as 12 Exhibit 1 hereto is thenamd of each professional who perfornied services in connection with 13 this case during the period roveked by thi&Application andcthe hourly rate for each such 14 professional; and (b) attached as Exhibits 2-1 and 2-2 are the detailed time'and expense 15 statements for the Application Period that comply with all Northern District of California 16 Bankruptcy Local Rules and CoMpensatibn'Giiidelines and the Guidelines of the Office of 17 the United States Trustee. -- ;- , ,
j 18
.7, The Firm has served a copy 0of this Application (without Exhibits) on the 19" Special Notice List in this case.
20
- 8. Pursuant to this Corct's 'ORDER ESTABLISHING INTERIM FEE 21 APPLICATION AND EXPENSE REIMBURSEMENT PROCEDURE,.which was entered on or about July 26, 2001, the Debtor is authorized to make the payment requested herein
-.... 23 without a furtherhearing~o oroler of~ibis,,ourtunless an objection to this Application is 24 filed with the Court by the Debtor, the Committee or the United States Trustee and served by 25 the fifteenth day of the month following the service of this Application. If such an objection
. 26 is filed, Debtor isauthorized to pay the amounts, if any, not subject to the objection. The
.27:
Firn. is infqrmed and believes1 tt11 this Coyer Sheet.Application:was mailed by first class 28 WD 071701/1-1419903/42/931767/v I 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 Pacific Gas and Electric
-.. Summary of Time By Professional For the Period December 1, 2002 Through December 31, 2002 Professional Title Time Total Billing Rate Fee Total Ho, Rocky Managing Director 119.0 475 $56,525 Iking, Floris Consultant 18.1 290 $5,249 "Kim,Angela S"" Paraprofessional 48.5 55 $2,668 Kitchin, Jennifer Director 38.3 425 $16,278 Lumsden, Tom Sr. Managing Director 152.5 "s5§5 $90,738
"'Neisi-Mag'ery I"' ;' "COnsultant ri . 10.3 "345 $3,554
[ .' .Perfit; Ryan", ' '. Asskoclate t , 94.5 215 " *' $20,318
- Sr. Managing Direct V-.f.. '595 g ' $19,397 Reiss, Freddie ,32.6 Sin, Theresa' ,t1 Associate ',i-,- ,'i' 94.2' -185 - " $17,427 Young, Allison s d-q ','--Directokr 1
.- ', . ,- . 63.1 -425 *i ,"$26,818 s . ,, og '* )L,** . 671.1 , - $258,969 Total '
-' .* - *N TIN'I, ' *1 I-- '*'A I - I.
C 1'
- I .. ,- j t 4 I
- -' ' - I Page1 of 1
Exhibit 2 Pacific Gas and Electric Summary of Time By Task Code December 1, 2002 throughi December 31, 2002 Task Code Time Total Fee Total Asset SalesNaluation Issijes 1 " 186.2 $56,289 - "...,
Bankruptcy Reporting/Operations 74.8 $14,954 Cash Flow Analysis 8.2 $1,968 Claims Analysis 41.5 $19,766' CPUC Plan of Reorganization 4.8 $2,856",
CPUC Review' 26.2 $12,198 CPUCIOCC Plan of Reorganization 164.2 $71,142 Debtor Plan of Reorganization 46.0 $25,937 DWR Contracts/Analysis 46.5 $19,300 Fee Application 15.8 $4,929 FERC Review E 12.8 $6,880 Financial Statement Modeling 8.2 $2,742 V General Committee Matters 10.4 ,$5,089 r. .
Subcommittee Matters 22.0 $12,838 Travel Time, $2,083 Totals. 671.1 $258,969
- - I "PageI of I
Exhibit 2-1 Pacific Gas andElectric Timze Reporting DetailReporting by Task Code December 1, 2002 through December 31, 2002 Professional Date Hours Billing Rate Fees Description, ,
Task Code: Asset Sales/Valuation Issues Ho, Rocky, 1214/2002 .2.6 $475 $1,235 00 Review and analyze draft liquidation analysis in support of the Lumsden declaration.
Ho, Rocky 12/412002 2.2 $475 $1,045.00 Review and analy-ze'valuaton apjbroach to market transactions re'review market comps.
Ho, Rocky 12/4/2002 1.5 $475 $712.50 Review and analyze regulatory asset projections and amortization schedule. ' ,
Ho, Rocky 12/5/2002 '1.3. $475 $617.50 Review revised Ulquldabonanal~sis re:TCBA & GMA account, POR claims.
Ho, Rocky 121512002 1.3 $475 $617.50 Review and analyze support of market multiple comps - descriptions / regulatory assets.
Ho, Rocky 12/51002 12/5/2002 *1,3 1.3 $475 $617.50 Review effective tax rate of liquidation scenario.
Ho, Rocky 12/11/2002 0.9 $475 $427.50 Review updated draft analysis of market comps valuation.
' ' 11.1 $5,272.50 SubTotal: "'Ho, Rocky Iking. Floris 12/2/2002 ,$290 $725.00 Review and revise audit binder for market valuation multiple comparison for Ameren, Southern Company, Sempra, MDU & Allegheny.
lking. Flods 12/4/2002 2.5"" $290 $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.
Iking, Floris 12/412002 0.9 $290 $261.00 Review, analyze, and revise assorted equity valuation analyses and related exhibits re: expert testimony of T. E. Lumsden.
Iking, Floris 12/4/2002 2.4 $290 $696.00 Identify scope of market valuation analysis summary report and cover sheet and prepare draft.
Iking, Floris 12/512002 2.8 $290 $812.00 Review and analyze audit binder for market valuation comparable analysis for. DTE Energy.
Avista Corporation, SCANA Corporation, Duke Energy, ENTERGY, and PSEG.
lking, Floris 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.
Iking, Floris 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, January31, 2003 P" Page.1 of 21
Professional Date Hours BillingRate 'Fees Description SubTotal: Iking, Florfs 18.1 1 $5,249.00 Kitchin, Jennifer 1214/2002 0.4 $425 $170.00 Review comparables valuations Kitchin, Jennifer 12/4/2002 0.6 $425 $255.00 Review liquidation analysis outline.
Kitchin, Jennifer 12/10/2002 1.3 $425 $55250 Review & discuss com parables analysis SubTotal: K0tch/n, Jennifer 2.3 $977.50 Lumsden, Tom i2/22002 0.9' $595 $535.50 Review valuation approach of filed rate litigation and regulatory asset with R. Perfit. Develop valuation approach for regulatory asset.
Lumsden, Tom 12/3/2002 0.9. $595 $535.50 Meet with counsel to address valuation report and brief on equity value.
Lumsden, Tom 12/4/2002 3.2 $595 $1,904.00 Draft sections of equity valuation report.
Lumsden, Tom 12/4/2002 3.6 $595 $2,142.00 Draft sections of expert report on liquidation analysis.
Lumsden, Tom 112/4/2002 " 2.1 $595 $1.249.50 Draft sections of expert (eport on filed rate settlement and regulatory asset valuation.
Lumsden, Tom 12/5/2002 1 $595.00 Review and update liquidation analysis.
Lumsden, Tom 12/6/2002 0.9 $535.50 Review data for transaction multiple approach to value of PG&E. Review URG decision and Impact.
Lumsden, Tom 12/6/2002 2.3 $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.
Lumsden, Tom ' 12/11/2002- 2.2 $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 SubTotal: Lumsden, Tom 17.1 $10,174.50 Perfit, Ryan , - 12/2/2002 , 2.9-,, $215 $623.50 Create schedule to analyze the life and valuý of the Regulatory Asset.
Perfit, Ryan ,,12/3/2002 1.2 $215, $2591.00 Revise schedule to analyze the life and present-.
value of the Regulatory Asset Perfit Ryan ,12,4/2002. 4.1 - $215, $8PI1.50 Revise the Regulatory Asset analysis for T.
Lumsden.
Perfit, Ryan 12/4/2002 321-' $21"5' $688.GO Create a Debtor liquidation analysis. ..
Perfit, Ryan 12/5/2002 2.7 - $215 $5?0.50 Create and revise Transaction schedule for T.
Lumsden.
Perfit, Ryan 12/5/2002 ,2.5,- $215,. $537.50 Create and revise Transaction multiple, schedule for T. Lumsden.
Friday,January31, 2003 Page2 of21 ',
Professional Date -Hours BillingRate TFees Description Professional Date - Hours Billing Rate Fees Description Perfit, Ryan 121512002 2.7 $215 $580.50 Create and revise Regulatory Asset valuation schedule for T. Lumsden.
Perfit, Ryan 12/5/2002 - 2.5 .$215 $537.50 Create and revise Uquidation Analysis for T.
Lumsden.
Perfit, Ryan 1216/2002 4.3 $215 $924 50 Review the FTI transaction multiple valuation transactions.
Perlt, Ry-n 12/13/2002 2.6 $215
$55900 Prepare a Transaction Multiple valuation based on public Information.
Perfit, Ryan 12/9/2002 325 $215
$752.50 Continue to prepare a Transaction Multiple valuation based on public Information.
Perfit, Ryan 12/9/2002 35 $215
$1,075.00 Prepare a Transaction Multiple valuation based on public Information.
Perfit, Ryan - 12.1/9/2002 3" $215 $1,806'00 Continue to prepare a Transaction Multiple valuation based on public Information.
Perfit, Ryan 2ý1 1/2'002 -~3t2 $$2'15 $688.00 Continue to prepare a Transaction Multiple valuation based on public Information.
Perfit, Ryan 12/12/2002 1.3 $215 $279.50 Continue to prepare a Transaction Multiple valuation based on public Information.
- 2 -. C, , ;
Perfit, Ryan , '- ,, 50.1 $10,771.50 SubTotal: - '
Sin, Theresa 12/3/2002 2.6 $185 $481.00 Review exhibits for trial, go over comp and
,, ' , "$ r, *. f-t',tL'
- t " transaction multiple analysis. f Sin, Theresa . 12/3/2002 1.6 $185 $296.00 Research comp summaries.
,Sin, Theresa: f,, .$2/3/2002 ,.3 8, $185 $703.00 Continue to go over comp and transaction multiple analysis. Research comp summaries.
$2,035.00 FTI Uquldation analysis. Review exhibits, OC Sin, Theresa . 1214/2002 *, 11 r $185_
models.
Sin, Theresa 12/512002 2-3 $185 $425.50 Compile files used In liquidation analysis.
Sin, Theresa 12/6/2002 2.2 $185 $407.00 Continue qualitative analysis on comps used In market multiple analysis.
ZfSin, Theresa ' 12/612002 2.1 $115 $388.50 Start qualitative research on market mUltiple analysis.
Sin, Theresa - - 12/8/2002 5.5 j$1§5 $1,017.50 Research public'fllin9's for market multiple analysis for customer Info., capacity, regulatory assets, etc.
Sin, Theresa 124/2602 - r'6.2 '$185 $1,14f.00 Work on comp'analylis.
Sin, Theresa r ,13121(2002-f 8,- 3$185 $1,480.00 OC and work on transaction multiples and continue work on comp analysis.
Sin, Theresa f ' ' , '12/11/2002 h, 54 '-' $185 $999.00 Review comp. Atiýlysis update presentation and' summaries.
Sin, Theresa , ' 12/12/2002 -2.8 f85 ~ $518.00 Review com'pAnaly~sls update presentation and summaries.
Friday,January34,2p03 Page3 of21, ,
Professional Date Hours Billing Rate Fees Description Professional Date Hours Billing Rate Fees Description Sin, Theresa 12/17/2002 ' ; 2.1 $185 $388.50 Research summary data for Camps.
SubTotal: Sin, Theresa 55.6 $10,286.00 Young. Allison 12/4/2002 1.6 $425 $680.00 Respond to questions on PG&E valuations 1//0 Young, Allison 12/5/2002 0.6 $425 $255.00 Review and QC market multiple analysis Young, Allison 1215/2002 2.2 $425 $935.00 Perform DCF calculations on asset valuation.
Young, Allison 12-16/2C02 1.5. $425 $637.50 QC DCF valuation analysis Young, Allison 12i612002
$425
$1,232.50 Review and QC FTI's liquidation analysis' Young, Allison 12/6/2002 0.7 $425: $297.50 Review and QO camp transaction analysis
,1,9*
Young, Allison 12/6/2002 $425 $807.50 Review and OC Regulatory asset cash flow exhibits to TEL testimony Young, Allison 1218/2002 4.3 $1,827.50 Research comparable transaction data provided by Huron and tie to public discussion Young, Allison 12/19/2002 2.7 $425 $1,147.50 Update comparable transaction analysis: research Orange & Rockland Utilities Young, Allison 0.7 $425 $297.50 Update comparable transaction analysis: research CILCORP/AES 1-219/2002 "1.6" Young, Allison 12/9/2002 $425 $680.00 Update comparable transaction analysis: research CMP Group/Enargy East Young, Allison 12/9/2002 0.8 $340,00 Update comparable transaction analysis: research Central & South West Corp/AEP Young, Allison 12/9/2002: $425 $595.00 Update comparable transaction analysis: research Mid-American Energy Holding Co/Multiple investors Young, Allison 12/9/2002 .0.6 $425 $255,00 Update comparable transaction analysis: research Eastern Utilities Association/New England Electric Young, Allison 4.77-12/1/2002 -$425 $1,997.50;' QC and create audit binder for transaction multiple valuation work.
Young, Allison I 2/10/2002 3.7 $425. $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,January31, 2003 Page 4 of 21 ..
Date Hours BillingRate -, Fees ".*Description Professional Professional Date Hours BillingRate; Fees Description Ho, Rocky 12/5/2002. 0.9 $4775 $427.50 Review and analyze credit rating's research report on generating assets in the US.
Ho, Rocky 12/9/2002 1.6 $4775 $760.00 Review and analyze motion by debtor for authorization to procure power for the net open position subject to credit limitations.
12,10/2002 Ho, Rocky 1.7 $4775 $807.50 Review and analyze Merced Irrigation Districts objection to PG&E's motion to resume power procurement of the net open position.
12/10/2002 "
2.2
"$4775 $1,045.00 Review PG&E filed procurement plan for 2003 with Ho, Rocky the CPUC in support of its ability to begin power procurement of the NOP.
,12/11/2002 1.2, $47 5 , $570.00 Review PG&E power procurement filing for 2003 Ho, Rocky
.. filed with the CPUC.
'*$47 75. $427.50 Review and analyze debtor's reply brief in opposition Ho, Rocky - - . 12/13/2002, . 0.9 to Merced Irrigation District - to release un-redacted
,F.
copy of the power procurement plan filed with the CPUC.
Ho, Rocky 12/16/2002 1.3 $47 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.
Ho, Rocky " "i'2h18/2002-" : "".5
$4775 $237.50 Review and analyze debtors proposed stipulation withMidway Sunset PPA.
Ho, Rocky 12/18/2002' " 6.4
$47'5 $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.
Ho, Rocky 12118/2002'
.1.'4 ,
5 $695k% Regiew and analyze court proceedings re:PG&E's gen divestiture Issues - Mr. Rueger's testimony.
Ho, Rocky 12116/2002 008"'
$47 '5 $380.00 Review and analyze Impact of Pike County Pruderice Review of Bilateral Power Purchase Agreement.
Ho.Rocky- -- "-r112/30/2002 '- 1.4 $f47'5 $66500 Review and analyze draft motion re.FERC refund payments.
SubTotal: Ho, Rocky.. i . . .21.5. I. Z, $10,212.50 A
Kim, Angela 1212/2602 - 1.9 "$55'5 $104.50 Review and iecord professionals and data receivedfrom documents fromother PG&E.
Kim, Angela 12/3/2002 2.1 ' $55 $115.50 Review and record documents from other professionals and data received from PG&E.
Kim, Angela 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.
Kim, Angela professionals and data received from PG&E.
Kim, Angela 'r 1216/2002o 2.7 $55 $148.50 Review and recbrd documents from other',
. .- k- professionals and data received from PG&E.
Friday,January31,2003. Page5 of.21 " ,
IProfessional Date Hours BillingRate ' 'Fees , Description
- Professional Date Hours Billing Rate Fees Description f
Kim, Angela 12/7/2002 6.4 $55 $352.00 Review and record documents from other professionals and data received from PG&E.
Kim, Angela, 1219/2002 2.4 $55, $132.00 Review and record documents from other.,;
, ,professionals and data received from PG&E.
Kim, Angela 12/10/2002 1.9 $55 $104.50 Review and record documents from other professionals and data received from PG&E.
Kim. Angela 12/11/2002 2.1 $55 $1115.50 Review and record documents from other professionals and data received from PG&E.
Kim. Angela 12112/2002 2.3 $55 $126.50 Review and record documents from other professionals and data received from PG&E.
Kim, Angela 12/13/2002 4.9 $55 $269 50 Review and record documents from other professionals and data received from PG&E.
Kim, Angela 12/16/2002 1.5 $55 $8250 Review and record documents from other professionals and data received from PG&E.
Kim, Angela 12/17/2002 2.1 $55 $115.50 Review and record documents from other professionals and data received from PG&E.
Kim, Angela 12118/2002 '5.8" $55 $319.00 Review and record documents from other professionals and, data received from PG&E.
Kim, Angela 12/19/2002 3.8- $55 $209.00 Review and record documents from other professionals and data received from PG&E.
Kim, Angela 12/20/2062' 4.5 $55 $247.50 Review and record documents from other professionals and data received from PG&E.
SubTotal: im, Angela SW "' 4 8.&
5 'G " $2,667.50 ;" "
12/2/2002 0. $9"*" $1iOO R,? " ...
Reiss, Fredd"ie ' " "/2/2002 0.2 $ 119.00
.$595 Review docuýents served by debtor.
SubTotal" Reiss, Freddre ' "'"0.2' ' $119.00 II - , ' -"' 'l ,
Young, Allison 12/4/2002 .. 41.3 $425 $552.50 Review SCE1CPUC settlement and application to PG&E Young, Allison 12110/2002 0.7 $425 $297.50 Review emails on court activities and legal' filings In the case.
Young, Allison 12/17/2002 2.6 $425 $1,105.00 Review summaryAAU ruling on generator refunds.
SubTotal: Young, Allison , ,. 4.6 $1 ,955.00 Total: Bankruptcy Reporting/Opera 74.8 $14, 954.00 Task Code: Cash Flow Analysis Lumsden, Tom- 112/212002- 1.1 $595 $654.50 Review Capex data schedules. Analyze data and changes and direct development of comparisons and Y , -, 4 .1 LU. changes to projections for trial exhibit illustration.
Friday,January 31, 2003 Page6 of 21 ", ',ý ;
Professional Date ,,7
-Hours Billing Rate Fees -*Description Professional Date - Hours Billing Rate Fees Descrption SubTotal: Lumsden, Tom 1.1 $65450 Sin, Theresa 12/212002 2.9 $185 $536.50 Review new cap 'ex assumptions from trial for TEL exhibits.
Sin, Theresa 12/2/2002 . 2.4 $185 $444.00 Create new chart showing changes in capex.
Sin, Theresa 12/5/2002 1.8. $185. $33300 Compile files used in cap ex analysis.
Sin, Theresa 7.1 $1,313.50 SubTotal:
.. -. 4.*
8.2 $1,968.00 Total: Cash FlowAnalysis Task Code: Claims Analysis Ho, Rocky 1212/2002 08 $475 $380.00 Review and analyze Hunter's Point stipulation.
121312062 0.9" Ho, Rocky $475 $427.50 Review and analyze claims stipulation re:SCE claim Ho, Rocky *44 12" IL ,*-L I. I" - , ' number 9702.,
Ho, Rocky $475 $807.50 Review and analyze stipulation between debtor and Ho, Rocky AES Pacific.,
- r12/5/2'602 : 1.*6" Ho, Rocky $475 $760.00 Review and analyze class of claims and possible S* Impact of future liabilities associated with a liquidation.
Ho, Rocky 12/9/2002 ,0.8..,," $475 $380.00 , Review and analyze draft stipulation with SCE claim number 9702.
Ho, Rocky 12/9/2002 0.7
$4751. $332.50 Review and analyze Chevron stipulation.
Ho, Rocky 12/10/2002- 1.26
$475 $570.00 Review and analyze stipulation between debtor and TIG re:settlement issues.
1 219/2002 0.7 Ho, Rocky 12/10/2002 0.8
'12110/2002' 1.2 $380.00 Review and analyze~the AES Canpartners stipulation.'
Ho, Rocky $4754 4, $190.00 Review and analyze the Chevron stipulation.
Ho, Rocky 12112/2002 0.9
- 4# ", I - *i'\, $475 Ho, Rocky $427.50 Review and analyze stipulation with NEG re:claim.
$475 Ho, Rocky 12/13/2002 -2.2 $1,045.00 Review and analyze supporting documentation to the r
NEG stipulation. ...
$475 Ho, Rocky 12/17/2002 1.4 $665.00 Review and analyze Utilisource stipulation.
1VJ.3 .
4 $475 Ho, Rocky 12/17/2002 1.3 $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.
$475 Ho, Rocky .. '. . -,12/19/2002,. 4,1.2 $570.00 Review and analyze Redding stipulation.
$475 Ho, Rocky " 120/202 "1.6 $760.00 Review and analyze stipulations re:various SCE claims.
Friday,January31. 2003 Page 7 of 21
Professional Date - Hours Billing Rateý ' Fees Description Professional Date Hours Billing Rate Fees Description Ho, Rocky 12/20/2002 2.3 $475 $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 Ho, Rocky ý12/26/2002 0.8 $475 $38000 Discuss with counsel status of various stipulations.
Ho, Rocky 12/26/2002 1.8 $475 $855.00 Review contractual agreement bet6een debtor and NEG with regards to stipulated claim.
Ho, Rocky 12/27/2002 1.8 $475 $855.00 Review and ahalyzý Uilisource claim - various opposition motions and other supporting documentation.
Ho, Rocky 12/2712002 04 $475 $190.00 Review and analyze Monterey stipulation.
Ho, Rocky 12/27/2002 2.3 $475 $1,092.50 Prepare and call with Milbank arid' Howard Rice to discuss various stipulations in preparation for today's hearing.
Ho, Rocky 12/27/2002 1.8 $475 $855.00 Review and analyze Soledad stipulation.
Ho, Rocky 12/30/2002 "1.3 $475 $617.50 Review supporting documentation In support of stipulated claim - SCE # 9704.
SubTotal: Ho, Rocky 30 $14,250.00 Lurnsden, Tom ' 12/10/2002 - 2.2 $595 $1,309.00 Review expert reports re PG&E estimation of environmental claims and expenditures by Prof
" 1.
Rae'sser to ds"sis d.taims in liquidaflon.
Lumsden, Tom "12/111/2002' ' " 0.7 $595 $416.50 Review FG&E expert reports on claims in Chapter 11 and In liquidation for further assessment I I of".
liq1 ,dationvalue. - -
Lumsden, Tom 12/30/2002 $595 $238.00 Review claims detail with A. Young re pass-thru claims and claims in liquidation.
Lumsden, Tom 12/31/2002 1.1" ' $595 $654.50 Review claims detail on pass thru claims and notes from A. young on same.
SubTotal: Lumsden, Tom 4.4 $2,618.00 Sin, Theresa . 1 12/30/2002 ' 0.5 ' $185 . $92.50 Go ovier litigati6rm pass through claims detail for T.'
Lumsden's review.
SubTotal: Sin, Theresa 0.5 $92.50 Young, Allison 12116/2002 .4 $425 $595.00 Review and follow-up with debtor on analysis/status of filed generator claims.
Young. Allison 12/30/2002 5.2 $425 $2,210.00 Review follow-up data on generator and pass
' through claims data. "
SubTotal: Young, Allison 6.6 $2,805 00 Total: Claims Analysis . . , , , $19,765.50 Friday,January31, 2003 Page8 of 21 1 "A'.'.".
Professional Date - Hours BillingRate -Fees Description Task Code.: CPUC Plan of Reorganization Lumsden, Tom 12/7/2002 ' ' 3.1 $595 $1,844.50 Review market multiple data and transaction data for support of market multiple approach to valuation of equity of PG&E.
Lumsden, Tom 12/7/2002 09, ,$595 $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 Lumsden, Tom ,.12/7/2002 0.8 $595 report.
SubTotal: Lumsdenn, Tom 4.8 $Z856.00 4.8 $2,856.00 Total: CPUC Plan of Reorganizatio Task Code: CPUC Review I, t Ho, Rocky 12/6/2002 1.6 $475 $760.00 Review and analyze PG&E's recent URG filing.
Sub o,-
ota-R;, **I - r SubTotal: HO, Rock# ' 1.6 $760.00 Lumsden, Tom 12/1/2002 3.8 $595 $2,261.00 Review TRA-TCBA account statements, evaluating
., I detail entries for January 2001-December 2001.
Lumsden, Tofn.. 1*/002 ..-2. $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.
Lumsden ", (,",:, y 2 ,,
Lumsden, Tom12//202, ,A*- $595 $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 r -
analysis of regulatory accounts.
Lumsden, Tom 1212/2002 1.3 $654.50 Review of TRA-TCBA and GMA account schedules, direct prepafation of TRA-TCBA schedules and illustrations.
Lumsden, Tom 12/30/2002 0.3 $595 $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 $7,318.50 1%. , ," ,
Neis, Margery 12/30/2002 1.6 $345 $552.Q00 Download CPUC filings Neis, Margery 12131/2002 -3.9 $345 $1,345 50 Download CPUC filings Nels, Margery 5 . * .. '*" 5.5
"$1,897.50 SubTotal:
Perfit, Ryan 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,January31, 290o3, Page9of 21
Professional Date Hours BillingRate , Fees Description Professional Date Hours Billing Rate' Fees Descrrption SubTotal: Perfit, Ryan 4.8 .1 $1,032.00 Reiss, Freddie U16/2002 2 $595 $1,190.00 Review CPUC'motions regarding PG&E plan.,
SubTotal: Reiss, Freddie 2 $1,190.00 Total: CPUC Review 26.2 $12,198.00 Task Code: CPUC/OCC Plan of Reorganization I -
Ho, Rocky 12/2/2002, 0.9 $475 $427.50 Review and analyze projected capital structure of joint plan - return on equity.
Ho, Rocky 12/2/2002 1.5 $475 $712.50 Review and analyze PG&E Corp's trial brief in opposition to the joint plan re impairment of equity holders. 11 .,.
Ho, Rocky 12/3/2002 0.6 $475 $28500 Review trial summary update of joint plan confirmation hearings. I ,
Ho, Rocky 12/4/2002 2.5 - $475 $11,187.50. -, Review and comment on draft Lumsden expert report.
Ho, Rocky 12/4/2002 2.1 $475 $997.50 Review and comment/edit various financial exhibits in rEupport of Lumsden testimony.
Ho, Rocky 12/5/2002 2.3 $475 $1,092.50 Review and comment on revised draft of T Lumsden re:expert witness report.
Ho. Rocky . 12/5/2002 1.2 $475 -' $57000 Rea/iew and analyze revised joint plan filed 12/5/02.
Ho, Rocky .12/5/2002".. 0.9 q $475-"1
$427.51 Review background support of T Lumsden Expert.
Witness Report.
Ho, Rocky 12/6/2002:1 2.1 $475 $997.50 Review and co~nment / edit on financial exhibits In support of the Lumsden expert report.
I Ho, Rocky 1216/2002 2.7 $475 $1,282.50 Review and analyze draft Third Amended Joint Plan of Reorganization.
Ho, Rocky 12/6/2002 1.9 $475 $902.50 Review and analyze Hulse testimony in support of Joint Plan, assessing feasibility of financings.
Ho, Rocky 112/6/2062 - '1.3, $475 $617.50 Review and analyze Warburg's proposed $1.5B bridge financing in support of the Joint Plan.
Ho; Rocky " '"12/6/2002 1 ' "'0.7 $475 $332.50 Review various trial summaries prepared by Milb~nk.
Ho, Rocky -, 12/8/2002 -. 2.5 $475! $1,187.50 Review and analyze Third Amended Joint POR and supporting exhibits.
J Ho, Rocky 12/9/2002 0.9 $475 $427.50 Review and analyze Joint Plan Proponents motion to introduce T Lumsden as expert witness including ,
memorandum of points and supporting declaration.
Ho, Rocky ., . 12/9/2002., 2.5, $475 $1,187.5M Review and prepare documentation support of the Lumsden expert report.
Friday,January31, 2003 Page 10 of 21
Professional Date "ilýurs BillingRate 'Fees %Description '
Professional Date 'II6urs Billing Rate Fees Description Ho, Rocky 12/10/2002 '- 3.5 " $475 $1,662.50 Review and prepare documentation support of the Lumsden expert report - discovery request.
Ho, Rocky 12/11/2002 *. 1.6- -.,$475 $760.00 Review discovery documents in support of the Lumsden expert report.
Ho, Rocky 12/16/2002 1.1 $475 $522.50 Review Lumsden expert witness report In preparation for meeting with counsel re:Lumsden deposition.
Ho. Rocky 12117/2002 2.5 $475 $1,187.50 Review and analyze documentation In support of the Lumsden Expert Report - response to request from debtor for additional information.
Ho, Rocky 12/17/2002 0.8 $475 $380.00 Review and analyze motion for authority to Incur professional expense with regards to UBS
, , cl "* Y! I commitmerit fees.,
$475 Ho. Rocky 12/18/2002 1.3 $617.50 Review and analyze T Lumsden expert witness
- \V report; suplortirig'documents provided.
1.1
$475 Ho, Rocky 12/2012002 $522.50 Review and analyze fees proposed In UBS letter.
,1.1 $475 Ho, Rocky "12/20/2002 $522.50 Review and analyze UBS Bridge term sheet and fee letter.
SubTotal: '-HO, RdckY '39.6
$18,81-0.00 Kitchin. Jennifer '12/3/2002 "A.4 $425 $595.00 Review trial summaries.
. j I -- - 15if Kitchin, Jennifer 121412002 , .. "$425 $765.00 Review TEL expert reporL Kitchin, Jennifer,, -'12/5/2002' 2.1V` $425 $892.50 Re1,iew 3rd Ame'nded Joint Plan Kitch6,ri Jennifer " -' 12/5/2002 0.7 $425! $297.5b Re~iew trial .su~i-mrnii&s Kitchin, Jennifer 12/6/2002 1,3 - $425 $552.50 Review UBS bridge term sheet Kitchin, Jennifer 12/20/2002 1.4 $425 $595.00 Review UBS bridge facility docs (draft)
-I t ! , - C V A SubTotal: Kitchin, Jennifer 8.7 $3,697.50 Lumsden,'Tom 12/1/2002 1.7 $595 $1,011.50 Review Court testimony of C.McManus and K.
Harvey, Including deposition of K Harvey. Review "TRA-TCBAnotos and schedules.
Lumsden, Tom ' 12/3/2002 0.5 $595 r $297.50 Begin testimony on filed rate claim, capex and value "ofequity. Break for lunch.
Lumsden, Tom 12/3/2002': -3 '-3. ( $595 $1,785.00 Provide testimony In court on confirmation of Joint Plan. Testimony covering capex. and filed rate settlement-value of regulatory asset Lumsden, Tom ., 12/3/2002 A1.4 $595 $833.00 Meet with CPUC and OCC counsel to prep for testimony on capex spending and projections.
Lumsden, Tom , " "12/3/2002 ,r '2.1 - $596,a t, $1,249.50 Attend Court Cohfirmation hearing on Joint Plan.
Friday,January31, 2003 Pagel11of21* , , -
Professional Date Hours Billing Rate, Fees Description Professional Date Hours Billing Rate' Fees Description Lumsden, Tom 12/4/2002 0.4 $595' $238.00 Review Kosturas liquidation analysis for development of FTI approach.
Lumsden, Tom 12/4/2002 06 $595 $357.00 Review materials and Issues for development of liquidation analysis.
Lumsden. Tom 12/4/2002' 1.4 $595 $833 00 Review draft of expert report materials.
Lumsden, Tom 12i5/2002 2.1 $595 $1,249.50 Review documents for assembly for delivery re PG&E discovery request.
Lumsden, Tom 12/5/2002 0.8 $595 $476.00 Review and edit direct testimony for Paul Weiss attorneys.
Lumsden, Tom 12/5/2002 -2.9 $595 $1,725.50 Participate in Confirmation hearing re W. Hu6se testimony on UBS commitment.
Lumsden, Tom 12/5/2002 1.5 $595 $892.50 Participate in confirmation hearing re W. Hulse tesbmony and court scheduling matters.
Lumsden, Tom 12/6/2002 2.5 $595 $1,487.50 Review and edit direct testimony for expert report with Paul Weiss counsel. ,
Lumsden, Tom 12/6/2002 1.4 $595 $833.00 Review expert report and edits, edit calculation on reg asset vel~ation, incorporating Murphy and McManus testimony.
Lumsden, Tom 1216/2002 1.1 $595-, $654 50 Review Murp'hy testimony re filed rate claim and reg asset valuation.
Lumsden, Tom 12/6/2002 0.6 $595 $357.00 Telephone calls with B. Lamb and M. Hamilton re reg asset treatment re regulatory return and accounting.
Lumsden, Tom 12/9/2002 2.4 $595 $1,428.00 Participate in Court hearing in PG&E to reopen evidence casc forT.ULmsden report.
L. Tom 12 9/2002 1.3 Lumsden, Tom $595 $773.50 Review PG&E reply brief on motion for TEL to serve "as expert and admit report. ,, ,,,
1219/2002 1.1 Lumsden, Tom $595 $654.50 Review documents for discovery and confidentiality issues. ,
12/10/2002 1.4 Lumsden, Tom $595 $83300 Review expert reports and review computer files for Identificatior ofdo'cuments for discovery. I 12/12/2002 1.4 Lumsden, Tom $595 $833.00 Review documents and computer files for additional documents In response to discovery request by PG&E, note added documents re valuation analysis.
Lumsden, Tom 12/17/2002 1.4 $595 $833.00 Review and prepare for deposition, review expert reports and exhibits.
Lumsden, Tom 12/18/2002 7.8 $4,64f.00 Participate in Lumsden Deposition by PG&E.
$595 Participate in Lumsden Deposition by PG&E and by Lumsden, Tom 12/19/2002 4.2 $595 $2,499.00 Palo Alto.
Lumsden, Tom 12/20/2002 2.1 $595 $1,249.50 Review bridge financing documents and term shleets for Joint Plan.
Lumsden, Tom 12/27/2002 0.9 $595 $53550 Review bridge financing materials and emails on same. .
Friday,January31, 2003P Pagi12 of 21, '
Professional Date _Hours BillingRate 'Fees'., -Description Professional Date Hours Billing Rate Fees Description Lumsden, Tom -. 12/30/2002 2.4 $595 $1,428.00 Review draft depo transcript of Lumsden deposition.
Lumsden, Tom 12/30/2002 0.3 $595 $178.50 Telephone call with J. Wilson re bridge loan.
ST1// 2.
Lumsden, Tom 12/301/2002 0.3 $595 $178.50 Review term sheet for bndge loan and supporbng
- documents.
Lumsden, Tornm 12131/2002 2.4 $595 $1,428.00 Review T. Lumsden deposition transcript for reminder of first and second day.
$31,773.00 SubTotal: Lumsden, Tom 534 Perfit, Ryrn 11/30/2002 5.9 $215 $1,268.50 Preparation for T.Lumsden court testimony.
Perfit, Ryan 12/4/2002 6.1 $215 $1.311.50 Prepare final versions of the TEL schedules for T.
C'11 Lumsden (FTI).':,'.
Perfit, Ryan 12/6/2002 2.5 $215 $537.50 Finalize TEL Exhibits for T. Lumsden and distribute.
Perfit, Ryan 12113/2002 i.24 $215 $516.00 Review proposed 2003 GRC for POR presentation.
Perfit, Ryan 1216/2002 I'-j',. ,, 3.9 . $215 $838.50 Review proposed 2003 GRC for POR presentation.
Perfit, Ryan 12117/2002 4 1$215 $860.00 Review proposed 2003 GRC for POR presentation.
Perfit, Ryan 12/1812002 3.9 $215
$838.50 Review of the proposed 2003 GRC to reconcile to the 1999GRC.;
Perfit, Ryan 12119/2002 0.8 $215
$172.00 Revise Nov POR presentation.
Perfit, Ryan 1_21191i2002" '05.2 $215
$1,118.00 Review of the proposed 2003 GRC to reconcile to the 1999 GRC. Start revising Nov POR presentation
- , r 34.7 $7,460.50 SubTotal: Perfit, Ryan Reiss, Freddie 12/2/2002 1.9 $595 $1,130.50 Review PG&E trial brief regarding equity Issues.
Reiss, Freddie ,-12/3/2002 1.1 - $595 $654.50 Review PG&E opposition to CPUC plan regarding equity Impairment.
Reiss. Freddie, 12/992002 2 $595 $1,190.00 Review trial summaries and new UBS letter.
5 $2,975.00 SubTotal:, Reiss, Freddie Sr insa T e Sin, Theresa ' - .: ,12/2/2002
';- . ) - r, "..- ,-"
2,9
- j .$185
- ... $536.50 Create FT exdlbits for trial.
Sin, Theresa 12/2/2002 3.6 $185 $666.00 Review exhibits and provide materials for T.
C ' Lumsden for testimony.
Sin, Theresa . 12/5/2002 3.9 $185 $721.50 Prepare files for discovery request Sin, Theresa 12/6/2002 3.2 $185 $592.00 Prepare discovery request for T.Lumsden exhibits.
_ --- 2,516..0,'0
$2,516.00 SubTotal: Sin, Theresa . 13.6 Friday,January31, 2003 Page 13 of 21
- A,-
Professional Date ,Hours Billing Rate Fees I Description Young, Allison 12/4/2002 . 1.9 r $425 " $807.50 Prepare analysis of historical capital' structure to the cap structure assumed under the CPUC/POR Young, Allison 12/5/2002 48 $425 $2,040 00 Review and QC numbers in exhibits to TEL testimony Young, Allison 12/5/2002 - 1.3 $425 $552.50 Research GRC for support for POR number Young, Allison 12/11/2002 1.2 $425 $510 00 Review and update POR analysis presentation SubTotal: Young, Allison ' 9.2 $3,910.00 Total: CPUC/OCCPlan of Reorgan 164.2 $71,1420O Task Code: Debtor Plan of Reorganization
$997.50 Review and analyze CPUC's trial brief in opposition Ho, Rocky 12112/2002 2.1 $475 to debtor's plan.
Ho, Rocky 12/12/2002 1.2 $475 $57000 Review CPUC motion for summary judgment denying cohfirmation'of dcbtcir's plan and supporting points.
Ho, Rocky 12/16/2002 . 1.7 $475
$807.50 Review PG&E's trial brief in support of confirmation hearings.
SubTotal: Ho, Rocky 5 $2,375.00 Kitchin, Jennifer 12/12/2002 2.1, $425. $892.50 Review CPUC filings re: PG&E Plan -, .
SubTotal: Kitchin, Jennifer 2.1 $892.50 Lumsden, Tom 12/13/2002 09 $595 $535.50 Review CPUC trial brief re Debtors Plan.
Lumsden, Tom 12/13/2002 1.1 $595 $654.50 Review CPUC findings of fact re Debtor Plan.,
Lumsden, Tom 12/14/2002 0.4 $595 $23800 Review documents re motion for summaryjudgment by CPUC re Debtor Plan.
Lumsden, Tom 12/14/2002 1.1 $595 $654.50 Review Debtor Plan of reorganization and Genco PSA filing at FERC.
Lumsden, Tom 12/14/2002 0.3 $595 $17850 Read documents re MID and Palo Alto motion to defer confirmation hearing due to FERC proceedings.
Lumsden, Tom 12/14/2002 0.5 $595 $297.50 Review CPUC opposition brief to PG&E Plan I
confirmation.
Lumsden, Tom 12/14/2002 0.6 $595 $357.00 Review PG&E Plan confirmation trial brief.
Lumsden, Tom 12/16/2002 0.3 $595 $178.50 Review emails on PG&E re CPUC strategy.
Lumsden, Tom 12/16/2002 2.8 $595 $1,666.00 Participate in PG&E confirmation hearing, testimony T, -ý, .- , ) - by U. Ruger....
Friday,January31, 2003 Page14 of2l t,'
Professional Date , -- Hours BillingRate Fees ', Description Lumsden, Tom 12/16/2002 3.6 $595 $2,142.00 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.
Lumsden, Tom 12/17/i002 1.8 I$595 071.00 Paricipate In PG&E POR confirmation hearing.
Testimony of G Ruder.
Lumsden, Tom 12117/2002 2 $595 $1,190.00 Participate In PG&E P6R confirmation hearing, testimony of G. Ruger.
SubTotal: Lumsden, Tom 15.4 $9 ,163.00 Reiss, Freddie 1213/2002 4.2 $595 $2,499 00 Attend court confirmation hearing through Court Conferencing.
Reiss, Freddie 12/16/2002 5.9 $595 $3,510.50 Attend court confirmation hearing regarding PG&E plan through court ponferencing.
Reiss, Freddie 12/17/2002' 5.4- $595 $3,213.00 Attend court hearing through court conferencing.
Reiss, Freddie .- , ,12/18/2002 5.2 $595 $3,094.00 Attend court hearings regarding confirmation through Court Conferencing.
Sub'otau : Reiss,A'edde 20.7 :$1 .316.50 Young, Allison 12/17/2002 0.7 $425 $297.50 Respond to discovery request from debtor Young, Allison i 12/17/2002 1.2 '$425 $51b'60 Review emails/documents on CPUC court filings against the PG&E POR.
Young, Allison 12/17/2002 0.3 $425 $127.50 Review summary of activity during the first day of the PG&E POR trial.
Young, Allison 12/18/2002 0.6 $425. $255.00 Review emalls on activity In PG&E POR trial.
SubTotal:' Yoiung, Allison '$ 2.8 1 ,190.00 Total: DebtorPlan of Rebrgad/zifo - 46 $25 937.00 Task Code: DWR Contracts/Analysis Ho. 11o6ky ' ' '12/30/2002 '1.8 $475 $855.00 Review status of updated DWR contracts analysis.
SubTotal: Ho, Rcky . ,. 1.8 $$855.00 Kitchin, Jennifer 12/11/2002 08 $425 $340.00 Call with Navigant re: v.10 model review Kitchin, Jennifer 12/17/2002 1.9 $425 $807.50 Review Navigant model for PG&E's DWR payments.
Kitchin, Jennifer 12/17/2002 - 1.7, $425 $722.50 Conference call with Navigant to review DWR RR model structure Friday,January31, 2003 Page15 of21 -
Professional Date Hours Billing]Rate Fees Description Professional Date Hours Billing Rate Fees Descr:ption Kitchin, Jennifer 12/18/2002 1.2 $425 $510.00 DWR RR research Kitchin, Jennifer 12/18/2002 0.4 $425 $170.00 Coordinate meeting w/ Navigant Kitchin, Jennifer 12/18/2002 2.3 $425 $977.50 Research & wnte Navigant data request Kitchin, Jennifer 12/19/2002 2.7 $425 $1,147.50 Review DWR filings & CPUC responses Kitchin, Jennifer 12/30/2002' 0.8' $425 $340.00 Discuss structure of DWR RR model Kitchin, Jennifer 12/30/2002 1.9 $425 $807.50 Review Navigant data request responses &
supporting info I.
Kitchin, Jennifer 12/30/200 2 28 $425 $1,190.00 Meeting with Navigant to review model Kitchin, Jennifer 12/30/2002 1A $425" $55250 Review v. 20 of DWR RR model Kitchin, Jennifer 12/31/2002 3.8 $42 $1,615.00 Review assumptions behind DWR RR model in CPUC & DWR filings SubTotal: Kitchin, Jennifer 21.6 $9,180.00 Lumsden, Tom 12/13/2002 06 $595 $357.00 Review Navigant model details and issues.
12/27/2002 Lumsden, Tom -3.3 $595 $1,963.50 Review DWR contracts and navigant projection files in preparation for meeting with naviganL.
12/30/2002 Lumsden, Tom 1.4 $595 $833.00 Review DWR models from Navigant for structure and content, revie)wft)tes from Navigant meeting.
12/30/2002 Lumsden, Tom .,2.4 $595 $1,428.00 Meet with Navigant Staff on rWR models. Discuss model formulas and questions on contract changes.
Lumsden, Tom 12/31/2002 2.6 $595 $1,547.00. Review Navigant model on DWR contracts and net short in Califomia and allocation to PG&E.
SubTotal: Lumsden, Tom 10.3 $6,128.50 Neis, Margery 12/30/2002 4.8 $345 $1,656.00 Review Navigant DWR revenue requirement model SubTotal: Neis, Marge, ý " ' -i"' ' 4.8 $1,656.00 4'.-. I t . , ,
Sin, Theresa 12/30/2002 3.1 $185 $573.50 Review Navigant model v. 20 and prepare questions/areas to discuss for meeting.
Sin, Theresa 12/30/2002 2.1 $185 $388.50 Review Navigant model v. 20 for DWR meeting.
Sin, Theresa 12/30/2002 2.8 $185 $518.00 Go over adjustments made to model, most recent changes to v. 20 model.
SubTotal: Sin, Theresa 8 $1,480.00 46.5 $19,299.50 Total: DWR ContractslAnalysis Friday,January31, 2003' Page-16of 21
Professional Date ,;*Hours Billing Rate -Fees, -*Description Task Code: Fee Application 0 Ho, Rocky 12113/2002 0.9- -$475 $427.50 Review and prepare detail time descriptions for November 2002.
0.9 $427.50 SubTotal: Ho, Rocky Lumsden, Tom 12/20/2002 1.3 $595 $773.50 Review fee statement for FTI for November.
Lumsden, Tom 12/27/2002 1.2 $595 $714.00 Review time detail for monthly fee statements.
2.5 $1,487.50 SubTotal: Lumsden, Tom -
Sin. Theresa 12/17/2002 38 '$185 $703F00 Work on monthly fee app.
Sin, Theresa 1211812002 2.8 $
$518,QO Work on time detail and expenses.
IS Sin, Theresa 12119/2002 2.8 $185
$518.00 Finish cover sheet for fee app 9.4 $1,739.00 SubTotal: Sn, Theresa Young, Allison 12/19/2002 2.1 $425 $892.50 Review monthly cover letter application and
- ,-, ý supporting exhibits.
Young. Allison 12/20/2002 0.6 $425 $255.00 Review latest draft of fee application Young,'Aflisbri "'-1"2/2/2002' 6-.3 $425 $127.50 Review fee app details.
(C $1,275.00 SubTotal: ,Young,'Alison , ' L L-., 3., ,
15.8 Total: FeeT..11 Application. , __,____,__.
$4,929.00 Task Code: FERC Review Ho. Rocky 12/12/2002 2.2 $475 $1,045.00 Review FERC refund findings - recent draft decision
'with the California markets.
Ho, Rocky 12/12/2002 1.1 $475 $522.50 Review and analyze Pike County exception to the a3-.., ,, filed rate doctrine.,
SubTotal: Ho, Rocky 3.3 $1,567.50 Kitchin, Jennifer 1213/2002 0.6 $425 $255.00 Review status of FERC CA power contract hearings SubTotal: Kitchin, Jennifer , 0.6 $255.00 Lumsden, Tom 1211212002 0.8 $595 $476.00 Review emalls on PG&E and Pike County prudence
.k ,* review memoranda.
Friday,January31. 2003 Page 17 of 21
Professional Date Hours Billing Rate Fees Description Professional Date Lumsden, Tom 12/12/2002 1.2 $595 $714 00 Review FERC AU decision on refunds and emails related to same. Review details of refunds by claimant for PG&E.
Lumsden, Tom 12/13/2002 1.8 $595 $1,071 00 Review FERC refund data for PG&E and claimants.
Lumsden, Tom 12/13/2002 0.4 $595 $238.00- Review pike county applihation memo by Milbank.
Lumsden, Tom . 12/14/2002 0.8 $595 $476 00 Review furth'er analyfyis of FERC AU refund decision and analysts reports.
Lumsden, Tom 12/17/2002 0.8 $595 $476.00 Review FERC filing for Genco and FERC comments.
Lumsden, Tom 12/17/2002 1.2 $595 $714.00 Review PG&E FERC filing materials on Genco and FERC staff ccmments.
Lumsden, Tom 12/18/2002 0.5 $595 $297.50 Review news data re FERC refund and Avista
- contracting, DWR contract settlements.,
SubTotal: Lumsden, Tom , 7.5 $4,462.50 Young, A!lison 12/13/2002, 1.4 - $425 $595.00 Review and summarize impact of FERC ordered refunds on PG&E and OCC/CPUC plan of reorganization.
SubTotal: Young, Allison 1.4 -' $54J.'00 Total: FERC Review 12.8 . $6,880,00 Task Code: Financial Statement Modeling Ho, Rocky 12/4/2002 -" 1.3 $475 $617.50 Review and analyze TRA I roll forward analysis as of 12/31/02.
SubTotal: Ho, Rocky- 1.3 $617.50 Lumsden, Tom 12/1/2002 1.3 $595 $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.
SubTotal: Lumsden, Tom, 1.3 $773.50 Perfit, Ryan 12/2/2002 $215 $236.50 Review the Transition revenue accounts in preparation for meeting with the CPUC.
Perfit, Ryan 1212/2002 1.7 $215 $365.50 Create a Transition Revenue Account / Transition Cost Balancing Account Schedule. oil ,
Perfit, Ryan $451.50 Create and revise Transition Revenue Account roll 12/5/2002 2.1 $215 forward for T. Lumsden.
SubTotal: Perfit,Ryan 4.9 $1,053.50 Young, Allison 12/6/2002 0.7 $425 $297.50 Review and OC TRA analysis exhibit to TEL declaration Friday,January31, 2003 Pagil8of "
Professional Date 'Hours BillingRate . Fees Description SubTotal: Young, Allison 0.7 $297.50 8.2 $2,742.00 Total: FinancialStatement Modelmn Task Code: General Committee Matters Ho, Rocky ,12/12/2002 0.8 - $3475 $380 00 Partial attendance to committee meeting - update on trial status and elements of the Lumsden expert report.
Sub'otal:' Ho, R~d~kY 08 $380.00
$1,105.00 Review emal updates on case acivities Kitchin, Jennifer {2/3/2002" 2.61 $425
$110500 Review email updates on case activities Kitchin, Jennifer,, , 7; .12/11/2002 , 0.4 - $425 SubTotal: Kitchin, Jennifer -' .. S$1,275 00 Lumsden, Torm'1'" 12/Z002 T "-1.4 '$595 $633.00 Participate in Committee conference call re update n, Tom 121 0 $ on matters concerning Joint Plan confirmation.
Lumsden, Tom 12/1 9/2002 ,, 0 8 . $595 $476.00 Review workplan for PG&E matters. Telephone call with P.Aronzon re same, review emails on confirmation Issues of joint plan.
Lumsden, Tom I !/30/2002 0.3 " $595 $178.50 Review hearing schedule and workplari.
$1,487.50 SubTotal: Lumsden, To*m 2.5 Reiss, Freddie 12/18/2002, -1 $595 $595.00 Review trial data. ;
Reiss, Freddie 12/19/2002 0.2 $595 $119.00 Review memo from counsel regarding trial status.
SubTotal: Reiss, Freddie 1.2 $714.00 Young, Allis"n '" "24/.2002- 0,..0.6, $425
$255.00 Review email updates on case activities Young, Allison 12/4/2002 O.V3 $425 $127.50 i Respond to creditor voice maiis -'
Young, Allison 12/12/2002 1.2 $4?5 $510.00 Usten to OCC committee call update on case status.
Young, Allison 12/12/2002 0.8 $425 $340.00 Review emails on case updates and legal filings.
- -. - . - -,-.., - ",, h ':l '" ' L _.- - - **
SubTotal: Young, Allison c:-.- .. h t,' 2.9 $1,232.50
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10.4 $5,089.00 Total: General Committee Matters Task Code: Subcommittee Matters Friday,January31, 2003 Page 19 of 21
Professional Date Hours BillingRate Fees ...Description Professional Date Hours Billing Rate Fees Description Ho, Rocky 12/16/2002 2.1 $475 $997.50 Meeting with Milbank and Paul Weiss to review and prepare for the Lumsden deposition scheduled for Dec 18.
SubTotal: Ho, Rocky 2.1 $997.50 Lumsden, Tom 12/1/2002 3.7 $595 $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.
Lumsden, Tom 12/2/2002 12 $595 $714.00 Format exhibits for filed rate testimony, review backup materials and TRA account, review CPUC Nov. 7 decision.
Lumsden, Tom 12/2/2002 1.2 $595 $714.00 Review Parent brief on Impairment of equity.
Lumsden, Tom 12/2/2002 5.6 $595 $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.
Lumsden, Tom 12/3/2002 1 $595 $595.00 Review valuation materials on PG&E as Integrated utility as preparation for testimony.
Lumsden, Tom 12/3/2002 0.6 $595 $357.00 Meet with counsel for CPUC and OCC on testimony preparation.
Lumsden, Tom 12/4/2002 2.2 $595 $1,309.00 Review and edit expert report on equity valuation, liquidation analysis, and filed rate settlement/regulatory asset valuation, Lumsden, Tom 12/9/2002 0.4 $595 $238.00 Telephone call to P.Aronzon re T.Lumsden expert report and PG&E reply.
Lumsden, Tom 12/9/2002 0.3 $595 $178.50 Telephone call to J. Wilson re T. Lumsden expert report.
Lumsden, Tom 12/9/2002 0.8 $595 $476.00 Meet with Paul Weiss and Milbank counsel re T.
Lumsden deposition schedule and preparation.
Lumsden, Tom 12/13/2002 0.4 $595 $238.00 Telephone call with P.Aronzon re Genco strategy and PSA assessment by Paul Weiss attomeys.
Lumsden, Tom 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.
Lumsden, Tom 12/30/2002 04 $595 $23800 Telephone call P. Aronzon and M.Hamilton re net short and trial schedule.
SubTotal: Lumsden, Tom 19.9 $11,840.50 Total: Subcommittee Matters 22 $1Z838 00 Task Code: Travel Time Friday,January31, 2003 Page20 of2i'
Professional Date Hours BillingRt ate Fees Description Reiss, Freddie 12/18/2002 1,5 $595 -$892.50 Travel from Los Angeles to San Francisco.
Reiss, Freddie 12/19/2002 -2 $595 $1,190.00 Travel from San Francisco to Los Angeles.
Itt SubTotal: Reiss, Freddie 3.5 $2,082.50
.. .. $Z082.50 Total: TrOvel77mne Total Project: - 7J.1 $258,969.001
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Friday,January31, 2003 Page21 of 21
Exhibit 2-2 Pacific Gas und Electric Detail of Expenses ,
December 1, 2002 through December 31, 2002 Name Date Category Amount Description FTI Consulting 12123/2002 Sundry $2,018.78 Printing and postage fees for service of November cover letter application.
FTI Consulting 123*1/2002 Sundry $2,910.64 Printing and postage fees for service of December cover letter application.
Ho, Rocky 12/25/2602 Sundry $46 88 Cell phone charge for PG&E calls
$173.00 cell phone charge for PG&E Lumsden, Tom 9/11/2002 1 Sundry
$71.00 cellphone charge for PG&E Lumsden, Tom ld11/2002 Sundry Lumsden, Tom 10/21/2002 Transportation $32.00 American Express travel charge for after hours service for flights charged on previous cover letter (for rating agency meeting).
Lumsden, Tom 10/23/2002 Transportation $16.00r American Express travel charge for after hours service for flights charged on previous cover letter (for rating agency meeting).
Lumsden, Tom 10/29/2002 Business Meals and Entertainmen t $50.00 Dinner to discuss PGE, M. Hamiton and T. Lumsden Meals - Out of town dinner. (114 of bill of $208.91)
Lumsden, Tom 10/29/2002 Business Meals and Entertainmen t $367.54 catenng for meeting with PG&E 10/29/02 Lumsden, Tom 11/18/2002 Lodging $140.22 Room charge to stay in SF for PGE meeting - working with attomey's.
Lumsden, Tom 11/18/2002 Sundry $10.65 Telephone charges - in hotel while working with attorneys overnight for trial.
Lumsden, Tom 11/19/2002 Lodging $204.14 Room charge to stay in SF for PGE meeting - working with attorney's.
Lumsden, Tom 11/1912002 Sundry $1.50 Telephone charges - in hotel while working with attorneys overnight for trial.
Lumsden, Tom 11/20/2002 Lodging $248.52 Room charge to stay in SF for PGE meeting - working with attorney's. (2 nights)
Lumsden, Tom 12/2/2002 Transportation $16.00 parking for meeting at CPUC Lumsden, Tom 1213/2002 Business Meals and Entertainment $77.50 PG&E working lunch with T.
Lumsden, M. Hamilton, H. Aranton, K. Ostrow, J. Wilson.
Lumsden, Tom 1216/2002 Transportation $24.00 Parking for delivery and review of Expert Reports and Discovery of Documents F"- .2 1 AA 2 A LJrS U, eau~t*uary
, J0, ;VUJ "Page1 of2
Name Date Catego*ry Amount Description LLumsden, Tom 12/1112002 Sundry $159.00 Cell phone charge for PG&E Zeiss, Freddie 12/1812002 Transport a*ton - $10.00 Taxi from hotel to dinner.
Zeiss, Freddie 12/18/2002 T'an*poi ation $4000 Taid from SFO airport to FTI office.
IReiss. Freddie 12/18/2002 Transport ation $50.00 Travel service fee - UA
" #0167319202475 F,eiss, Freddie 12/18/2002 Transport ation $1000-. .Taxl from restaurant to hotel.
Fteiss. Freddie 12/19/2002 Sundry $5.00 Tips at hotel.
F Fteiss, Freddie 12119/2002 Transportation $41.00 ,Taxi from hotel to SFO,airport.
,y teiss, Freddie 12/19/2002 Transport abon $53.00 ,Parking pt LAX (2 days).
F, oung, Allison 1213/2002 Sundry $12.00 phone charges at hotel to connect to network to access emails on PG&E.
Voung,Allison 12/11/2002 Sundry. $31.00 , cell phone charges on the case.
$6,949.87 22*. - 2' - .
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A ' , 2 Page2of2 SThursdfay, January 30, Thu rsday, January 30, 2003 2003 '. Page2 of 2
PROOF OF SERVICE STATE OF CALIFORNIA, COUNTY OF SAN FRANCISCO I am employed in thedCounty 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. Office of the U.S. Trustee Howard, Rice, Nemerovski, Canady, Falk & Rabkin Attn: Stephen Johnson Three Embarcadero Center, 7 th Floor 250 Montgomery Street, Suite 1000 San Francisco, CA 94111-4065 San Francisco, CA 94104-3401
[Counsel to Debtor] ,
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 , , J
' ~ 2-' ,r-:-zvI-------
- 3
- 1 14 1'- B j ofle.
-V, 3/4 .9 .,-I * "C1 U
U
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 Type or Print Name A'
Signature 01/31/03 12:45 PM