EXHIBIT D

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 1

of 38
Category Date Name Hours Description of Task(s)

3 7/1/19 Brent Williams 2.5 Review and comment on updated waterfall analysis 

3 7/1/19 Peter Gnatowski 2.0 Edits to waterfall analysis from term sheet based on internal guidance

3 7/1/19 Peter Gnatowski 1.5 Additional discussions re: waterfall assumptions with internal team; edits re: same

3 7/8/19 Peter Gnatowski 0.7 Updated waterfall analysis from term sheet based on internal guidance

3 7/9/19 Alex Gebert 1.0 Analysis of Debtors' non-operating income 

3 7/9/19 Riley Jacobs 2.3 Researched historical price securities per analysis from senior banker

3 7/10/19 Peter Gnatowski 0.8 Updated draft waterfall analysis based on new legislative fund numbers

3 7/11/19 Brent Williams 1.5 Reviewed and comment on securities analysis 

3 7/11/19 Riley Jacobs 1.8 Edit and supplement spreadsheet outlining historical prices of competitor securities

3 7/11/19 Riley Jacobs 1.4 Internal communications and additional edits to spreadsheet outlining historical prices of competitor securities

3 7/12/19 Brent Williams 1.5 Reviewed and commented on updated waterfall analysis for TCC

3 7/12/19 Peter Gnatowski 1.0 Further updates to term sheet waterfall analysis based on updated legislative fund requirement

3 7/15/19 Matt Merkel 1.0 Provided comments on financial diligence requests in preparation for a call with Debtor

3 7/16/19 Matt Merkel 1.8 Drafted email responses to Debtor re: Incremental Diligence Requests

3 7/18/19 Alex Gebert 2.5 Analysis re: make-whole of Debtors' outstanding debt

3 7/18/19 Brendan Murphy 0.9 Review of Financial Analysis re: Make-Whole Model

3 7/18/19 Peter Gnatowski 0.5 Reviewed and comment re: updated make-whole analysis from AG

3 7/19/19 Alex Gebert 1.5 Update make-whole analysis for real-time pricing information

3 7/19/19 Alex Gebert 1.0 Edits to make-whole analysis based on internal discussion/comments

3 7/19/19 Alex Gebert 2.5 Additional make-whole analysis updates

3 7/19/19 Brendan Murphy 0.8 Review of Financial Analysis re: Make-Whole Model

3 7/21/19 Erik Ellingson 1.4 Credit Term Sheet Analysis and Review

3 7/22/19 Erik Ellingson 1.3 Review of Bond pricing and interest rate analysis

3 7/22/19 Riley Jacobs 1.8 Research and summarize comparable securities analysis

3 7/22/19 Riley Jacobs 0.8 Additional edits and research to securities analysis 

3 7/23/19 Peter Gnatowski 0.3 Various emails and discussions with AG and EE re: equity research analysis

3 7/25/19 Riley Jacobs 2.1 Research securities information

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 2

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

3 7/26/19 Alex Gebert 0.6 Review and analysis of Debtors' discovery documents and financial disclosure uploads

3 7/29/19 Matt Merkel 3.2 Research for BW declaration per counsel request

3 7/29/19 Matt Merkel 3.1 Researched equity details for declaration

3 7/30/19 Matt Merkel 2.1 Reviewed and provided comments on exhibits for declaration

3 7/30/19 Matt Merkel 2.1 Drafted exhibit for declaration

3 7/30/19 Naeem Muscatwalla 2.5 Research historical trading volume of securities for declaration

3 7/30/19 Naeem Muscatwalla 2.7 Research historical trading prices of securities for declaration

3 7/30/19 Naeem Muscatwalla 3.8 Research trading of securities over last 12 months

3 7/30/19 Brendan Murphy 1.4 Review of Financial Analysis re: declaration for counsel

3 7/30/19 Peter Gnatowski 2.5 Research on PG&E securities disclosures for declaration

3 7/31/19 Brent Williams 2.0 Review and comment on analysis for declaration per counsel

3 7/31/19 Erik Ellingson 2.4 Prepared presentation, summary and analysis of the Mesterham deposition 

3 7/31/19 Matt Merkel 2.0 Reviewed and commented on equity summary for declaration

3 7/31/19 Matt Merkel 2.3 Reviewed and commented on revised exhibits for declaration

3 7/31/19 Matt Merkel 1.3 Additional edits to analyses of declaration

3 7/31/19 Naeem Muscatwalla 3.3 Additional research on historical trading data of securities per comment from senior banker

3 7/31/19 Brendan Murphy 0.8 Review of Financial Analysis re: declaration for counsel

3 7/31/19 Brendan Murphy 2.1 Support and analysis for Counsel re: PG&E First Quarter Financial Report

3 7/31/19 Peter Gnatowski 2.4 Researched additional price and volume data on PG&E securities 

3 7/31/19 Peter Gnatowski 2.8 Reviewed various analyses prepared by RJ and NM re: PG&E securities; discussions re: edits

3 7/31/19 Peter Gnatowski 1.8 Edited securities analysis prepared by RJ and NM; updated declaration re: analyses

4 7/2/19 Peter Gnatowski 0.8 Reviewed 13wcf budget and variance analysis from the debtors

4 7/2/19 Peter Gnatowski 1.2 Reviewed 13wcf draft presentation from AG; comments re: edits and questions 

4 7/2/19 Alex Gebert 2.3 Review of Debtors' latest DIP variance analysis

4 7/2/19 Alex Gebert 2.8 Analysis of cash flow variances and drafted presentation for Committee

4 7/3/19 Alex Gebert 2.5 Edits to 13wcf presentation based on internal comments

4 7/3/19 Peter Gnatowski 0.8 Reviewed updated 13 week cash flow summary and analysis from AG

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 3

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

4 7/3/19 Peter Gnatowski 1.5 Edits to 13 week cash flow summary and analysis

4 7/3/19 Brendan Murphy 1.0 Reviewed and comments on 13wcf analysis and presentation

4 7/8/19 Alex Gebert 1.5 Reviewed DIP reporting and drafted comparison of budget DIP to actual DIP financing to date

4 7/8/19 Alex Gebert 1.5 Edits to 13 week cash flow slides based on internal comments 

4 7/8/19 Alex Gebert 2.0 Edits to MOR analysis 

4 7/8/19 Riley Jacobs 1.2 Review May MOR and created related analysis 

4 7/8/19 Riley Jacobs 1.7 Drafted presentation on May MOR

4 7/8/19 Riley Jacobs 1.5 Internal discussions and edits to May MOR Presentation

4 7/8/19 Peter Gnatowski 0.5 Reviewed liquidity forecast presentation for committee presentation from AG

4 7/8/19 Peter Gnatowski 1.7 Edits to presentation and additional comments to AG re: same

4 7/8/19 Peter Gnatowski 1.3 Additional edits to 13wcf presentation based on comments from BM

4 7/9/19 Brendan Murphy 1.4 Review and analysis of cash flow / liquidity diligence materials from Debtor

4 7/10/19 Brendan Murphy 0.6 Review and analysis of May MOR re: TCC questions

4 7/10/19 Peter Gnatowski 0.8 Review May MOR and drafted questions for Debtors

4 7/12/19 Brendan Murphy 1.1 Review and analysis of cash flow / liquidity diligence materials from Debtor

5 7/1/19 Peter Gnatowski 0.6 Reviewed insurance summary and analysis prepared by RJ

5 7/1/19 Riley Jacobs 0.8 Research Debtors' insurance policies

5 7/1/19 Peter Gnatowski 1.5 Reviewed various insurance policies, SEC filings and due diligence information provided by the Debtors on 

insurance

5 7/1/19 Riley Jacobs 1.1 Summarize and circulate information on Debtors' insurance 

5 7/1/19 Peter Gnatowski 1.8 Edits to insurance summary and analysis presentation 

5 7/1/19 Brendan Murphy 0.5 Preparation for and internal discussion re: outstanding master diligence list for the Debtors

5 7/1/19 Brendan Murphy 0.9 Review of Company insurance policies and related contracts

5 7/1/19 Alex Gebert 1.0 Research and review of PGE insurance related policies / contracts

5 7/1/19 Brent Williams 1.8 Review and discussion re: insurance policies and outstanding diligence 

5 7/2/19 Peter Gnatowski 0.8 Drafted additional information request list to the Debtors; emails with BM re: same

5 7/2/19 Peter Gnatowski 0.7 Reviewed various schedules and filings by the Debtors re: asset schedules and deficiencies

5 7/2/19 Brendan Murphy 0.9 Reviewed and commented on updated master diligence list for Debtors; emails re: same

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 4

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

5 7/2/19 Brendan Murphy 1.1 Review and comment on insurance policy summary and analysis

5 7/2/19 Brendan Murphy 1.4 Review of and comments to Insurance summary/analysis presentation for TCC and Counsel

5 7/3/19 Peter Gnatowski 1.3 Reviewed various insurance policies produced by Debtors; discussions with RJ re: analysis

5 7/3/19 Naeem Muscatwalla 1.1 Review and circulation updated reports in Debtor's data room

5 7/3/19 Brendan Murphy 1.8 Review of real estate due diligence received from Debtors

5 7/5/19 Brent Williams 1.6 Review and comments re: real estate diligence provided by the Debtors

5 7/5/19 Brendan Murphy 1.0 Review of Company insurance policies and related contracts

5 7/8/19 Alex Gebert 1.1 Review and circulate recent data room documents from Counsel

5 7/8/19 Naeem Muscatwalla 0.8 Review and circulation of items in Debtor's data room

5 7/9/19 Riley Jacobs 1.7 Categorize and summarize PG&E insurance policies for counsel

5 7/9/19 Peter Gnatowski 0.5 Discussions with junior team member and document review re: insurance policies

5 7/10/19 Alex Gebert 1.2 Research and analyze PG&E insurance policies for counsel

5 7/10/19 Naeem Muscatwalla 0.7 Review and circulation of updated diligence items in Debtor's data room

5 7/10/19 Riley Jacobs 1.3 Additional review of PG&E insurance policies for counsel

5 7/11/19 Alex Gebert 2.5 Analyze and aggregate PG&E insurance policies as provided by Debtor

5 7/11/19 Naeem Muscatwalla 0.6 Review and circulation of monthly reporting items in Debtor's data room

5 7/11/19 Riley Jacobs 2.7 Create spreadsheet outlining PGE insurance policies and key metrics

5 7/11/19 Riley Jacobs 1.5 Created summary of insurance policies reviewed

5 7/12/19 Brent Williams 1.8 Reviewed and comment on updated legislative materials

5 7/12/19 Riley Jacobs 1.3 Internal communications and edits to slides on insurance policies

5 7/12/19 Peter Gnatowski 0.8 Reviewed various motions including supplemental schedules from the Debtors; emails internally

5 7/15/19 Brent Williams 1.5 Review real estate diligence re: asset sales; internal discussions on analysis

5 7/15/19 Brendan Murphy 0.6 Preparation for and internal correspondence re: Diligence Issues and Outstanding Items 

5 7/16/19 Matt Merkel 1.1 Drafted additional due diligence question to the Debtors: re: financials

5 7/16/19 Naeem Muscatwalla 0.7 Review and circulation of new diligence items in Debtor's data room

5 7/16/19 Brendan Murphy 1.7 Review and comment on summary and analysis of real estate information

5 7/17/19 Alex Gebert 1.8 Read and review Debtors' Diligence responses re: Assets

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 5

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

5 7/17/19 Riley Jacobs 0.7 Preparation for and summarization of TCC diligence responses re: real estate

5 7/17/19 Riley Jacobs 2.5 Review real estate diligence responses from debtor and internal summary

5 7/17/19 Peter Gnatowski 0.8 Reviewed real estate diligence provided by the Debtors

5 7/17/19 Peter Gnatowski 1.7 Drafted summary analysis and comments to counsel re: real estate diligence

5 7/18/19 Alex Gebert 1.2 Preparation for and internal discussion re: asset sales, regulatory oversight, and corresponding analysis re: the 

same

5 7/18/19 Brent Williams 1.5 Reviewed and comment on real estate diligence materials and summary

5 7/18/19 Brendan Murphy 1.0 Review of data room Diligence re: 6.2.8 Real Estate Diligence 

5 7/22/19 Naeem Muscatwalla 0.7 Review and circulation of new diligence items in Debtor's data room

5 7/25/19 Alex Gebert 2.0 Review and analyze Debtors' real estate asset diligence response

5 7/25/19 Alex Gebert 0.8 Review of Counsel's data room for updated documents; circulation of new files

5 7/25/19 Naeem Muscatwalla 0.6 Review and circulation of new files in Debtor's data room

5 7/26/19 Alex Gebert 2.2 Convert PG&E assets to excel and analysis re: the same

5 7/26/19 Alex Gebert 2.8 Analysis and slide preparation of Debtors assets

5 7/26/19 Brent Williams 2.5 PG&E asset review – real estate & non-core assets; internal discussions

5 7/26/19 Matt Merkel 2.0 Reviewed financial diligence question responses from Debtor

5 7/26/19 Brendan Murphy 0.6 Preparation for and internal correspondence re: Discovery Questions for Debtor

5 7/26/19 Peter Gnatowski 1.2 Reviewed various asset schedules from debtors; emails with BM re: same

5 7/26/19 Riley Jacobs 0.7 Prepare for and internal discussion on real estate assets

5 7/27/19 Alex Gebert 4.0 Internal discussion and further preparation of real property / assets analysis and deck

5 7/27/19 Riley Jacobs 2.1 Research real estate assets

5 7/27/19 Riley Jacobs 2.6 Prepare real estate assets presentation

5 7/27/19 Riley Jacobs 0.9 Created folder and organized relevant documentation for real estate asset analysis and summary

5 7/29/19 Naeem Muscatwalla 0.7 Review and circulation new reporting reports in Debtor's data room

5 7/29/19 Brendan Murphy 0.8 Review of due diligence files from Debtor re: real estate analysis

5 7/29/19 Peter Gnatowski 2.4 Reviewed asset holdings analysis prepared by RJ; discussions re: same

5 7/29/19 Peter Gnatowski 1.8 Edits to real estate asset analysis 

5 7/29/19 Peter Gnatowski 1.4 Reviewed various real estate schedules and motions

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 6

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

5 7/29/19 Riley Jacobs 2.3 Summary analysis on real estate provided by debtor and court filings

5 7/29/19 Riley Jacobs 1.6 Updated real estate analysis based on internal comments

5 7/29/19 Riley Jacobs 2.8 Additional edits to real estate assets presentation

5 7/29/19 Riley Jacobs 0.6 Preparation for and internal conversation on real estate presentation

5 7/30/19 Brendan Murphy 1.5 Review of real estate diligence provided by Debtors

5 7/30/19 Peter Gnatowski 0.5 Reviewed draft summary and analysis of real estate assets for TCC 

5 7/30/19 Peter Gnatowski 1.1 Edits to real estate summary and analysis presentation for TCC

5 7/31/19 Brent Williams 1.7 Reviewed and commented on real estate analysis and presentation for TCC

5 7/31/19 Brent Williams 0.5 Review of various emails from TCC member re: wildfire liabilities disclosure

5 7/31/19 Brendan Murphy 1.5 Reviewed and commented on real estate presentation

5 7/31/19 Peter Gnatowski 1.1 Reviewed various due diligence reports provided by the Debtors; emails with team re: same

6 7/1/19 Brent Williams 1.5 Review of public news / articles on PG&E matter re: wildfire

6 7/23/19 Riley Jacobs 0.6 Read and summarize PGE news release on satellite technology for wildfires

6 7/23/19 Riley Jacobs 2.3 Update wildfire mitigation presentation based on new developments

6 7/31/19 Riley Jacobs 1.6 Research and summary on wildfire mitigation plan updates

7 7/2/19 Brendan Murphy 0.5 Correspondence with the Debtor re: CF and liquidity questions

7 7/5/19 Peter Gnatowski 1.5 Prepare for and participate on call with Alix re: 13wk cash flow and MOR

7 7/5/19 Peter Gnatowski 1.0 Preparation and call with Debtors re: Real estate diligence

7 7/5/19 Alex Gebert 1.5 Prepare for an participate in call w/ Alix Partners re: Debtors' MOR and 13wcf

7 7/5/19 Brendan Murphy 0.7 Preparation and call with Debtors re: Real estate diligence

7 7/5/19 Brendan Murphy 1.4 Prep for and participate on call with Debtor FA re: MOR and 13wcf

7 7/16/19 Alex Gebert 0.8 Prepare for and call (w/ summary notes) with Debtors re: diligence items

7 7/16/19 Matt Merkel 1.0 Preparation for and Call with Debtor re: Incremental Diligence Requests

7 7/16/19 Brendan Murphy 0.8 Preparation for and call with Debtor re: Incremental Diligence Requests

7 7/16/19 Riley Jacobs 0.8 Preparation, discussion, and notes on conversation with Debtors re: diligence

7 7/16/19 Riley Jacobs 1.3 Aggregate group notes and format for internal distribution re: diligence call with Debtors

7 7/16/19 Peter Gnatowski 0.8 Prepared for and participated in call with the Debtors re: outstanding diligence items

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 7

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

7 7/17/19 Brendan Murphy 1.2 Preparation for and Call with Debtor re: CEO Motion and Diligence

7 7/18/19 Brendan Murphy 0.4 Preparation for and correspondence with Debtor re: KEIP and CEO Contract questions

7 7/19/19 Brendan Murphy 0.3 Correspondence with Debtor re: KEIP and CEO Contract questions

7 7/26/19 Alex Gebert 1.0 Preparation for and participation in call re: Debtors' real property / assets with Alix partners

7 7/26/19 Brendan Murphy 0.8 Preparation for and call with Debtors re: Real Estate Diligence

7 7/26/19 Peter Gnatowski 1.0 Preparation for and participate in call with Debtors re: additional real estate diligence

7 7/29/19 Brendan Murphy 0.4 Preparation for and correspondence with Debtor re: Outstanding due diligence requests

7 7/30/19 Alex Stevenson 0.3 Review notes re: call with Alix Partners on case issues

7 7/30/19 Naeem Muscatwalla 1.0 Preparation and call with Debtors and UCC re: outstanding requests

7 7/30/19 Brendan Murphy 1.1 Preparation for and participation on call with Debtors/UCC

7 7/30/19 Peter Gnatowski 1.0 Prepared for and participated in call with the Debtors and UCC re: outstanding requests

8 7/16/19 Brendan Murphy 0.7 Preparation for and discussion with FTI re: CEO and KEIP

8 7/16/19 Peter Gnatowski 0.8 Prepared for and participated on call with UCC advisors

9 7/1/19 Brent Williams 0.8 Preparation for and call with other interested parties re: case interests

9 7/3/19 Brent Williams 0.5 Preparation for and call with subro advisors re: term sheet

9 7/5/19 Brendan Murphy 1.1 Preparation and call with third party advisors re: case update and PPAs

9 7/5/19 Brent Williams 1.2 Preparation for and call with interested parties re: PPAs

9 7/5/19 Brent Williams 1.1 Preparation for and call with subro advisors re: case interests

9 7/8/19 Brent Williams 0.7 Preparation for and call with other interested parties re: case interests

9 7/9/19 Brent Williams 0.9 Preparation for and call with interested parties re: party interests

9 7/10/19 Brent Williams 1.6 Preparation for and call with subro parties re: case interests

9 7/10/19 Brent Williams 1.8 Preparation for and call with interested parties re: case interests

9 7/11/19 Alex Stevenson 1.2 Preparation for and call with counsel and advisors to subrogation claimants

9 7/11/19 Brent Williams 1.4 Preparation for and call with subrogation advisors

9 7/11/19 Brendan Murphy 1.3 Preparation for and call with subrogation advisors 

9 7/12/19 Brent Williams 1.3 Preparation for and call with other advisors re: case discussions 

9 7/12/19 Brent Williams 1.2 Preparation for and call with other advisors re: case interests

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 8

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

9 7/12/19 Brendan Murphy 1.4 Preparation for and call with Rothschild re: case discussions and interests

9 7/12/19 Brendan Murphy 1.1 Preparation for and discussions with Rothschild re: case interests

9 7/12/19 Peter Gnatowski 1.3 Prepared for and participated in call with Rothschild re: case discussions and open issues

9 7/15/19 Brent Williams 0.9 Preparation for and call with other interested parties re: party case discussions and open issues

9 7/16/19 Brent Williams 1.1 Preparation for and call with interested parties re: case discussions and open issues

9 7/16/19 Brendan Murphy 1.0 Preparation for and call with Rothschild re: case discussions and open issues

9 7/16/19 Peter Gnatowski 1.2 Prepared for and participated in call with Rothschild re: case discussions and open issues

9 7/18/19 Brent Williams 0.5 Preparation for and call with interested parties re: claims

9 7/18/19 Brendan Murphy 0.5 Discussion with Rothschild re: Claims

9 7/19/19 Brent Williams 1.1 Preparation for and call with interested parties re: case discussions and open issues

9 7/21/19 Brent Williams 0.5 Preparation for and call with interested parties re: case discussions and open issues

9 7/21/19 Brendan Murphy 0.6 Discussion with Rothschild re: case discussions and open issues

9 7/22/19 Brent Williams 0.9 Preparation for and call with subro advisors re: case discussions and open issues

9 7/22/19 Peter Gnatowski 1.6 Further review and comments of analysis prepared by other FA

9 7/24/19 Brent Williams 1.5 Preparation for and call with subro advisors re: case discussions and open issues

9 7/26/19 Brent Williams 0.8 Preparation for and call with subro advisors re: case discussions and open issues

9 7/29/19 Brent Williams 1.0 Preparation for and call with CPUC and Governors advisors

9 7/29/19 Brendan Murphy 1.0 Preparation for and participation on call with Ducera/Guggenheim

9 7/29/19 Brendan Murphy 0.5 Preparation for and discussion with other interested party re: case issues

9 7/30/19 Brent Williams 0.7 Preparation for and call with other interested parties re: party interests

9 7/31/19 Brent Williams 0.5 Preparation for and call with subro advisors re: party interests

9 7/31/19 Brendan Murphy 0.6 Preparation for and discussion with Other Interested Party re: case issues

10 7/1/19 Brendan Murphy 0.7 Preparation for, correspondence and discussion with Counsel re: PPA analysis and related diligence

10 7/1/19 Brendan Murphy 1.2 Preparation for, correspondence and discussion with Counsel re: TCC Term sheet

10 7/1/19 Brent Williams 1.8 Preparation for and communication with counsel re: case strategy, Term sheet, and PPAs

10 7/2/19 Peter Gnatowski 0.8 Reviewed declaration from counsel re: asset detail production; internal discussions re: same

10 7/2/19 Brendan Murphy 0.8 Communications with and diligence for Counsel re: real estate analysis and other hard assets

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 9

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

10 7/2/19 Brent Williams 1.0 Call with counsel re: case update and strategy

10 7/2/19 Brent Williams 0.5 Preparation for and communication with counsel re: case strategy

10 7/3/19 Brendan Murphy 1.8 Preparation for, correspondence and discussion with Counsel re: real estate diligence requests 

10 7/3/19 Brendan Murphy 1.6 Correspondence and discussion with Counsel re: case strategy, term sheets

10 7/5/19 Brendan Murphy 0.7 Correspondence and discussion with Counsel re: PPAs

10 7/5/19 Brendan Murphy 1.6 Communications with and diligence for Counsel re: real estate analysis and other hard assets

10 7/5/19 Brent Williams 0.7 Communications with and diligence for Counsel re: changes to term sheet

10 7/6/19 Brendan Murphy 0.6 Preparation for and communications with Counsel re: KEIP diligence

10 7/6/19 Brendan Murphy 1.5 Communications with and diligence for Counsel re: PPAs, TEV, and Subro issues

10 7/6/19 Brent Williams 1.6 Communications with and diligence for Counsel re: PPAs and term sheets

10 7/8/19 Peter Gnatowski 0.5 Discussions with counsel re: legislative update and presentation for the Committee; internal discussions re: 

same

10 7/9/19 Brendan Murphy 0.5 Communications with Counsel re: KEIP diligence

10 7/9/19 Peter Gnatowski 1.4 Various calls with counsel re: edits to regulatory update presentation for TCC

10 7/10/19 Brent Williams 0.5 Communications with Counsel re: Bondholder proposal

10 7/10/19 Brendan Murphy 0.4 Communications with Counsel re: AB-1054

10 7/10/19 Brendan Murphy 0.6 Prepared for and participated in call with Counsel re: Bondholder proposal

10 7/11/19 Brent Williams 1.0 Preparation for and call with counsel re: case interests 

10 7/11/19 Brendan Murphy 0.9 Review and comments to waterfall analysis / presentation for Counsel/Committee

10 7/12/19 Alex Stevenson 0.2 Preparation for and correspondence with counsel re: document production related to PPAs

10 7/12/19 Brendan Murphy 0.6 Preparation for and communications with Counsel re: KEIP and CEO motion

10 7/12/19 Brendan Murphy 0.9 Communications with and diligence for Counsel re: real estate analysis and other hard assets

10 7/14/19 Brent Williams 0.9 Preparation for, correspondence, and discussion with counsel re: proposals and waterfall recoveries

10 7/14/19 Brendan Murphy 0.8 Preparation for and communications with Counsel re: TCC Term sheet and changes

10 7/15/19 Brendan Murphy 0.7 Preparation for and correspondence with Counsel re: Term Sheet from Confidential Party

10 7/15/19 Brendan Murphy 1.1 Preparation for and correspondence with Counsel re: CEO Retention and Economics

10 7/15/19 Peter Gnatowski 1.2 Prepared for and participated in call with counsel and team re: KEIP and CEO comp

10 7/16/19 Brent Williams 1.9 Preparation for and communications with Counsel re: term sheets

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 10

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

10 7/16/19 Brendan Murphy 0.7 Preparation for and correspondence with Counsel re: CEO Retention and Economics

10 7/16/19 Peter Gnatowski 1.8 Prepared for and participated in call with TCC counsels re: third-party term sheet

10 7/17/19 Alex Stevenson 1.7 Preparation for a call re: case strategy with counsel and committee counsel

10 7/17/19 Brent Williams 0.7 Preparation for and communications with Counsel re: case interests

10 7/17/19 Brent Williams 0.8 Communication with counsel re: term sheet and waterfall

10 7/17/19 Brendan Murphy 0.8 Preparation for, correspondence and call with Counsel re: CEO Retention and Economics

10 7/18/19 Alex Gebert 1.5 Prepare for and call with Counsel re: plan/proposal

10 7/18/19 Brent Williams 1.1 Preparation for and communications with Counsel re: Term sheets

10 7/18/19 Brendan Murphy 1.3 Preparation For and call with Counsel re: Plan Term Sheet and Strategy

10 7/18/19 Brendan Murphy 0.9 Correspondence with Counsel re: Term Sheet

10 7/18/19 Brendan Murphy 0.8 Correspondence with Counsel re: Real Estate Diligence Materials

10 7/18/19 Brendan Murphy 0.7 Preparation for and correspondence with Counsel re: KEIP and CEO diligence

10 7/18/19 Brendan Murphy 0.5 Preparation for and correspondence with Counsel re: Depositions

10 7/18/19 Peter Gnatowski 1.1 Prepared and participated in call with counsel re: term sheets

10 7/19/19 Brent Williams 0.5 Preparation for and communications with Counsel re: KEIP

10 7/19/19 Brendan Murphy 0.6 Correspondence with Counsel re: KEIP and CEO diligence

10 7/19/19 Peter Gnatowski 0.7 Prepared for and discussions with counsel re:KEIP

10 7/22/19 Brent Williams 0.7 Preparation for and communication with counsel regarding third-party term sheet

10 7/22/19 Brent Williams 0.8 Preparation for and communications with Counsel re: case interests

10 7/23/19 Brent Williams 0.6 Preparation for and correspondence with counsel re: changes to term sheet

10 7/23/19 Brent Williams 1.0 Discussions with counsel re: court hearings and TCC meeting

10 7/23/19 Brendan Murphy 0.3 Discussion with Counsel re: PPAs and Related Analysis

10 7/24/19 Alex Stevenson 1.0 Preparation for and meeting with counsel to discuss case strategy

10 7/24/19 Brent Williams 1.0 Preparation for and meeting with Counsel re: case strategy, term sheets received, and next committee meeting

10 7/24/19 Brendan Murphy 1.4 Preparation for and discussions with Counsel re: Plan Strategy and term sheets from third-parties

10 7/24/19 Peter Gnatowski 1.4 Various discussions with counsel re: term sheet and strategy

10 7/26/19 Brent Williams 0.5 Preparation for and communication with counsel re: case strategy and TCC meeting

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 11

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

10 7/26/19 Brendan Murphy 0.9 Preparation for and correspondence with Counsel re: Real Estate Diligence

10 7/26/19 Peter Gnatowski 0.8 Prepared for and participated on call with counsel re: real estate assets

10 7/29/19 Brent Williams 1.0 Preparation for and communication with counsel re: plan process motion and observations

10 7/29/19 Brendan Murphy 0.6 Preparation for and correspondence with counsel re: outstanding real estate diligence from the Debtors

10 7/29/19 Brendan Murphy 1.0 Correspondence and discussion with Counsel re: Plan Process Framework

10 7/29/19 Peter Gnatowski 2.4 Research re: various investor holdings per counsel request

10 7/30/19 Brendan Murphy 0.8 Summary of notes and correspondence with Counsel re: Call with Debtors and UCC

10 7/30/19 Brendan Murphy 0.4 Preparation for, correspondence and call with Counsel re: Sonoma Clean Power

10 7/31/19 Alex Stevenson 0.6 Preparation for and call with counsel re: case strategy

10 7/31/19 Brent Williams 0.7 Preparation for and communication with counsel re: case strategy and TCC meeting

11 7/1/19 Brendan Murphy 1.6 Prepared summary of discovery requests for Counsel re: diligence deficiencies

11 7/2/19 Brendan Murphy 1.0 Review and Comments to Pleadings and Related Declaration re: Relief from Stay

11 7/2/19 Brendan Murphy 0.8 Review of and comments to draft declaration re: real estate diligence requests

11 7/2/19 Brendan Murphy 1.4 Summary of discovery requests for Counsel re: diligence deficiencies

11 7/2/19 Brendan Murphy 1.3 Correspondence and analysis for Counsel re: Mutual Assistance Motion

11 7/29/19 Matt Merkel 2.6 Researched subro claim details and holders for declaration

11 7/29/19 Matt Merkel 2.2 Researched subro claims settlements in prior cases for declaration

11 7/29/19 Brendan Murphy 2.0 Research and Analysis for Counsel re: Data for Declaration and Response Pleading

11 7/29/19 Brendan Murphy 0.4 Review of security holding of select investor for BW declaration

11 7/29/19 Riley Jacobs 2.7 Pull shareholder group holdings and historical changes in share per quarter for declaration

11 7/30/19 Matt Merkel 2.4 Drafted certain sections of declaration

11 7/30/19 Matt Merkel 2.5 Drafted summary of subro claims for declaration

11 7/30/19 Matt Merkel 2.7 Made edits to declaration from senior banker

11 7/30/19 Brendan Murphy 0.4 Review of equity positions of select investors for Relief from Stay declaration

11 7/30/19 Brendan Murphy 2.4 Research and Analysis for Counsel re: Data for Declaration and Response Pleading

11 7/30/19 Peter Gnatowski 2.8 Research on various PG&E securities re: declaration for counsel

11 7/30/19 Peter Gnatowski 0.6 Various discussions with MM; NM and RJ re: research and analysis for declaration 

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 12

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

11 7/30/19 Riley Jacobs 0.5 Preparation for and internal communication re: TCC declaration

11 7/31/19 Matt Merkel 2.1 Edits to declaration draft

11 7/31/19 Matt Merkel 2.4 Review securities analysis and drafted declaration

11 7/31/19 Sherman Guillema 2.0 Reviewed and provided feedback on draft July Declaration

11 7/31/19 Peter Gnatowski 0.8 Reviewed draft declaration from MM

11 7/31/19 Riley Jacobs 2.4 Research for and updates to TCC declaration

11 7/31/19 Riley Jacobs 1.5 Internal discussions and resulting edits to TCC declaration

11 7/31/19 Riley Jacobs 1.8 Edits to excel backup for TCC declaration

11 7/31/19 Peter Gnatowski 0.7 Provided comments to MM re: declaration draft

12 7/1/19 Brent Williams 1.0 Comments and emails on presentation materials for committee

12 7/2/19 Brent Williams 2.1 Review and comment on updated presentation re: waterfall for TCC

12 7/2/19 Brent Williams 1.7 Review and comment on committee related presentation materials 

12 7/3/19 Brent Williams 1.4 Preparation for and review of committee materials re: case strategy, term sheets

12 7/5/19 Brendan Murphy 1.1 Review and comments to waterfall analysis / presentation for Counsel/Committee

12 7/7/19 Brendan Murphy 0.5 Preparation for and internal discussion re: Materials for TCC

12 7/8/19 Peter Gnatowski 0.4 Emails and discussions with AG re: edits to committee presentation 

12 7/8/19 Peter Gnatowski 1.8 Further review and edits of committee presentation prepared by AG

12 7/8/19 Peter Gnatowski 1.5 Additional edits to committee presentation based on comments from BM; emails re: same

12 7/8/19 Brendan Murphy 1.3 Review and comments to updated waterfall analysis / presentation for Committee

12 7/8/19 Brendan Murphy 2.7 Review and comments to TCC materials re: Financial Performance Update 

12 7/8/19 Brendan Murphy 2.6 Review and comments to TCC materials re: Bondholder Proposal

12 7/8/19 Brendan Murphy 1.7 Review and comments to TCC materials re: Public Entity Settlement

12 7/8/19 Peter Gnatowski 1.2 Drafted slides per counsel request on legislative update for committee 

12 7/8/19 Alex Gebert 1.8 Updates to committee presentation for upcoming 7/10 meeting

12 7/8/19 Brent Williams 1.5 Additional comments and review on updated TCC materials 

12 7/8/19 Brent Williams 2.5 Review and comments to TCC materials re: Bondholder Proposal and Financial Performance

12 7/9/19 Brendan Murphy 1.2 Review of AB-1054 summary for TCC

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 13

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

12 7/9/19 Brendan Murphy 2.1 Review and comments to TCC materials re: Bondholder Proposal

12 7/9/19 Peter Gnatowski 0.7 Reviewed draft presentation from junior team member re: legislative update

12 7/9/19 Peter Gnatowski 1.5 Edits to regulatory update presentation based on comments from counsel

12 7/9/19 Peter Gnatowski 0.7 Further edits to regulatory update presentation for TCC

12 7/9/19 Peter Gnatowski 2.0 Reviewed updated bill and further edits to regulatory presentation

12 7/9/19 Alex Gebert 2.5 Edits to AB 1054 deck based in comments and internal discussions

12 7/9/19 Brent Williams 1.5 Review and comment to AB1054 presentation to TCC

12 7/9/19 Brent Williams 2.0 Review and comment on term sheet analysis and summary presentation for TCC 

12 7/10/19 Brendan Murphy 2.4 Review and comments to TCC materials re: Financial Performance Update 

12 7/10/19 Brendan Murphy 5.4 Preparation for and participation on TCC Committee call/meeting

12 7/10/19 Peter Gnatowski 5.0 Prepared for and participated in Committee call

12 7/10/19 Alex Gebert 2.0 Edits to legislative deck (AB 1054) based on internal discussions

12 7/10/19 Alex Gebert 0.8 Prepare for and discuss AB 1054 deck edits with BH

12 7/10/19 Brent Williams 1.5 Review and comment on committee materials

12 7/10/19 Brent Williams 5.5 Additional preparation for and participation on TCC Committee call/meeting

12 7/12/19 Brent Williams 0.7 Preparation for and call with committee members re: case interests

12 7/12/19 Brent Williams 0.5 Internal discussions re: updated waterfall and legislative materials for committee

12 7/15/19 Brendan Murphy 1.9 Review and Analysis of Plan Term Sheet re: Confidential Party

12 7/16/19 Brent Williams 1.7 Preparation for and call with committee members re: case interests 

12 7/16/19 Brendan Murphy 1.9 Preparation for and call with Select TCC Members re: Confidential Term Sheet

12 7/17/19 Brent Williams 1.9 Preparation for and review of term sheet analysis for TCC

12 7/17/19 Brent Williams 1.5 Preparation for and call with committee members re: case interests

12 7/17/19 Brendan Murphy 1.4 Preparation For and Call with Select TCC Members re: Claims and Plan Strategy

12 7/23/19 Alex Gebert 2.0 Drafted committee presentation including waterfall recovery analysis

12 7/23/19 Alex Gebert 0.9 Prepared MCP analysis for TCC committee presentation

12 7/23/19 Alex Gebert 1.5 Deck preparation for Committee presentation (Sources and Uses)

12 7/24/19 Alex Gebert 1.2 Updates to slide deck for Committee presentation based on internal discussion

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 14

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

12 7/24/19 Brendan Murphy 1.0 Review and Analysis of Plan Term Sheet re: Confidential Party

12 7/24/19 Peter Gnatowski 0.2 Reviewed agenda for TCC call

12 7/25/19 Alex Stevenson 0.7 Review and comment on presentation to TCC

12 7/25/19 Alex Stevenson 0.4 Preparation for and internal discussion re: TCC presentation

12 7/25/19 Alex Stevenson 2.5 Prepare for and participate in call with the TCC

12 7/25/19 Brent Williams 1.5 Review and comment committee meeting presentation

12 7/25/19 Brent Williams 0.5 Preparation for and internal discussions re: committee meeting and related items

12 7/25/19 Brent Williams 2.4 Additional prep and call for TCC Committee call

12 7/25/19 Brendan Murphy 2.9 Preparation for and participation on TCC Committee call/meeting

12 7/25/19 Brendan Murphy 1.8 Review and Comments to TCC Presentation re: Term Sheet(s)

12 7/25/19 Peter Gnatowski 3.0 Prepared for and participated in TCC call

12 7/26/19 Brent Williams 1.0 Additional review and comment on waterfall and return comparison analysis for committee

12 7/28/19 Brent Williams 0.8 Review and analysis of committee member correspondence

12 7/29/19 Brendan Murphy 0.7 Review of Comments from TCC Members re: Term Sheet

12 7/31/19 Brent Williams 1.6 Reviewed and commented on financial presentation for TCC

12 7/31/19 Brent Williams 0.5 Preparation for and call with committee members re: case update and interests

12 7/31/19 Brendan Murphy 0.9 Preparation for and participation on call with TCC Counsel and select members

12 7/31/19 Brendan Murphy 1.0 Review of and comments to proposed letter from counsel

13 7/1/19 Riley Jacobs 1.3 Researched, summarized and circulated relevant dockets internally

13 7/1/19 Brendan Murphy 0.6 Review of public news / articles on PG&E matter re: wildfire

13 7/1/19 Alex Gebert 0.8 Review pleadings and news releases re: filed plan proposals

13 7/1/19 Alex Stevenson 0.3 Review pleadings and news articles re bondholder plan

13 7/1/19 Naeem Muscatwalla 1.3 Review of public news / articles on PG&E filing re: cost recoveries

13 7/2/19 Peter Gnatowski 1.2 Reviewed mutual aid motion summary and analysis

13 7/2/19 Peter Gnatowski 1.7 Reviewed mutual aid motion and analysis presentation

13 7/2/19 Brendan Murphy 0.4 Review of filed pleadings re: FTI fee application

13 7/2/19 Alex Gebert 3.0 Review and edit Mutual Aid Motion summary

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 15

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

13 7/2/19 Alex Stevenson 0.2 Review pleadings and news articles re case events

13 7/2/19 Naeem Muscatwalla 0.6 Review of public news / articles on PG&E filing re: court rulings

13 7/3/19 Riley Jacobs 1.5 Review and distribute motions on TCC motion to allow lift stay of Tubbs litigation

13 7/3/19 Riley Jacobs 1.3 Review and distribute news and third party articles on automatic stay re: Tubbs

13 7/3/19 Riley Jacobs 0.8 Researched, summarized and circulated relevant dockets internally

13 7/3/19 Peter Gnatowski 0.9 Reviewed various docket filings including final TCC relief from stay motion

13 7/3/19 Peter Gnatowski 0.2 Reviewed updated subrogation holders filing

13 7/3/19 Brendan Murphy 1.2 Review of filed pleadings re: relief from stay

13 7/3/19 Brendan Murphy 0.7 Review of filed pleadings re: subro disclosure

13 7/3/19 Alex Gebert 1.5 Review pleadings and news releases re: relief from stay and asset sales

13 7/3/19 Brent Williams 3.0 Review of filed pleadings re: relief from stay; discussions with counsel

13 7/3/19 Matt Merkel 0.5 Review subrogation motion

13 7/4/19 Peter Gnatowski 0.8 Reviewed relief of stay filing from subrogation holders; emails re: same

13 7/4/19 Brendan Murphy 0.9 Review of filed pleading re: Subro claim holders motion for relief

13 7/4/19 Alex Gebert 1.0 Review pleadings and news releases re: relief from stay

13 7/4/19 Brent Williams 1.0 Review of filed pleading re: Subro claim holders motion for relief; discussions with counsel

13 7/5/19 Riley Jacobs 0.5 Researched, summarized and circulated relevant dockets internally

13 7/5/19 Brendan Murphy 0.6 Review of filed pleadings re: AP fee application

13 7/5/19 Alex Stevenson 0.8 Review objection to exclusivity termination prepared by subrogation claimants

13 7/6/19 Peter Gnatowski 0.3 Reviewed UCC objection to D&O insurance; discussions re: same

13 7/8/19 Riley Jacobs 1.3 Researched, summarized and circulated relevant dockets internally

13 7/9/19 Riley Jacobs 1.4 Researched, summarized and circulated relevant dockets internally

13 7/9/19 Alex Stevenson 0.4 Review pleadings and news articles re D&O coverage

13 7/9/19 Naeem Muscatwalla 0.8 Review of public news / articles on PG&E filing : re D&O coverage

13 7/10/19 Riley Jacobs 0.8 Researched, summarized and circulated relevant dockets internally

13 7/10/19 Alex Stevenson 0.3 Review pleadings and news articles re court ruling re: Tubbs

13 7/10/19 Naeem Muscatwalla 1.5 Review of public news / articles on PG&E filing re: court rulings re: Tubbs

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 16

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

13 7/11/19 Riley Jacobs 0.9 Researched, summarized and circulated relevant dockets internally

13 7/11/19 Brent Williams 1.5 Review court pleadings re: stay relief

13 7/11/19 Naeem Muscatwalla 1.6 Review of public news / articles on PG&E filing re: litigation finance

13 7/12/19 Brendan Murphy 0.6 Review of filed pleadings re: Milbank fee statement

13 7/12/19 Brendan Murphy 0.4 Review of filed pleadings re: Weil fee statement

13 7/12/19 Brendan Murphy 0.5 Review of filed pleadings re: FTI fee statement

13 7/12/19 Riley Jacobs 1.5 Researched, summarized and circulated relevant dockets internally

13 7/12/19 Alex Stevenson 0.4 Review pleadings and news articles re court ruling re: Tubbs and AB1054

13 7/12/19 Brent Williams 1.0 Review media reports re: AB-1054

13 7/12/19 Peter Gnatowski 0.6 Reviewed various press release and articles re: legislative bill

13 7/15/19 Riley Jacobs 1.4 Researched, summarized and circulated relevant dockets internally

13 7/15/19 Alex Stevenson 0.3 Review critical dates memo and pleadings and news articles re court ruling re: relief from stay

13 7/16/19 Riley Jacobs 0.8 Researched, summarized and circulated relevant dockets internally

13 7/16/19 Alex Stevenson 0.4 Review pleadings and news articles re case events re: wildfire fund

13 7/16/19 Matt Merkel 0.5 Review of recent docket filings re: AB1054

13 7/17/19 Brent Williams 2.0 Review court pleadings July 24th Hearing, updated term sheet filed by the bondholders and updated 

subrogation settlements

13 7/17/19 Naeem Muscatwalla 1.6 Review of public news / articles on PG&E filing re: settlements

13 7/17/19 Riley Jacobs 2.4 Researched, summarized and circulated relevant dockets internally

13 7/17/19 Peter Gnatowski 0.5 Reviewed various filings including subrogation group holdings

13 7/18/19 Brent Williams 2.1 Review court pleadings July 24th Hearing including Debtors' reply and updated and unredacted commitment 

letters from bondholders

13 7/18/19 Brent Williams 1.5 Reviewed additional court pleadings including KEIP motion replies, state debt securitization news, and 

updated subro disclosures

13 7/18/19 Riley Jacobs 0.9 Researched, summarized and circulated relevant dockets internally

13 7/18/19 Riley Jacobs 1.5 Create summary of various responses to bondholder motion to terminate exclusivity

13 7/18/19 Peter Gnatowski 0.8 Reviewed various court pleadings including Debtors' reply to bondholder proposal and shortfall analysis

13 7/19/19 Alex Gebert 1.5 Review and summarize pleadings and news releases re: Subro, Ad Hoc Bondholders plan proposals

13 7/19/19 Alex Stevenson 1.2 Review pleadings and news articles re exclusivity filings 

13 7/19/19 Brent Williams 2.1 Review various motions include estimation and lifting stay for Tubbs

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 17

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

13 7/19/19 Naeem Muscatwalla 1.3 Review of public news / articles on PG&E filing re: exclusivity

13 7/19/19 Riley Jacobs 0.8 Researched, summarized and circulated relevant dockets internally

13 7/19/19 Brendan Murphy 0.6 Review of First Amended Rule 2019 Statement re: Noteholders

13 7/19/19 Brendan Murphy 1.1 Review of Debtors Motion re: Claims Estimation Motion

13 7/19/19 Brendan Murphy 0.7 Review of UCC Response re: Statement

13 7/19/19 Brendan Murphy 0.5 Review of Rule 2019 Statement re: Equity

13 7/19/19 Brendan Murphy 0.4 Review of UCC Pleading re: Objection to Lifting of Stay for Tubbs Victims 

13 7/20/19 Riley Jacobs 0.3 Researched, summarized and circulated relevant dockets internally

13 7/21/19 Peter Gnatowski 0.7 Reviewed various objections to TCC Tubbs motion

13 7/22/19 Brent Williams 1.0 Review of PG&E bondholder and shareholders holdings disclosure

13 7/22/19 Matt Merkel 0.3 Review of recent docket filings including TCC letter and fee applications

13 7/22/19 Naeem Muscatwalla 1.1 Review of public news / articles on PG&E filing re: exclusivity

13 7/22/19 Riley Jacobs 0.5 Researched, summarized and circulated relevant dockets internally

13 7/22/19 Riley Jacobs 1.8 Update spreadsheet outlining group 2019 disclosures

13 7/22/19 Riley Jacobs 1.5 Additional updates to group 2019 disclosures

13 7/23/19 Alex Gebert 0.9 Review and analysis of Debtors' Core Gas Supply

13 7/23/19 Brent Williams 2.5 Review court pleadings re: Bondholder terminating exclusivity

13 7/23/19 Naeem Muscatwalla 1.0 Review and circulate latest of public news / articles on PG&E filing

13 7/23/19 Brendan Murphy 0.3 Review of Letter to Court

13 7/23/19 Brendan Murphy 0.6 Analysis for Counsel re: Jones Day's Second Amended 2019 Statement

13 7/23/19 Riley Jacobs 1.7 Researched, summarized and circulated relevant dockets internally

13 7/23/19 Brendan Murphy 0.6 Review of FTI First Interim Fee Application

13 7/23/19 Brendan Murphy 1.0 Review of Bondholder Committee Reply in Support of Terminating Exclusivity

13 7/23/19 Brendan Murphy 1.2 Review of Subro Motion to Terminate Debtors Exclusivity

13 7/24/19 Alex Gebert 2.0 Creation / population of committee group holdings matrix (shareholder group)

13 7/24/19 Alex Gebert 2.5 Population of committee group holdings matrix (subro group)

13 7/24/19 Alex Gebert 1.5 Updates to committee group holding matrix based on internal discussion

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 18

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

13 7/24/19 Brent Williams 0.8 Review media reports re: securitization and reviewed updated holder matrix

13 7/24/19 Matt Merkel 0.4 Review of recent docket filings re: exclusivity motion

13 7/24/19 Naeem Muscatwalla 1.1 Review of public news / articles on PG&E filing re: relief from stay

13 7/24/19 Brendan Murphy 0.9 Review of Presentation and Analysis for Counsel re: Jones Day's Second Amended 2019 Statement

13 7/24/19 Riley Jacobs 2.8 Internal Discussion and updates to group 2019 disclosure spreadsheet

13 7/24/19 Riley Jacobs 1.1 Additional review of 2019 disclosures spreadsheet

13 7/24/19 Riley Jacobs 0.8 Researched, summarized and circulated relevant dockets internally

13 7/24/19 Peter Gnatowski 1.2 Reviewed omnibus hearing transcript

13 7/24/19 Peter Gnatowski 0.7 Additional review re: equity holdings motion; emails with counsel re: same

13 7/24/19 Peter Gnatowski 1.0 Reviewed analysis of equity and subro holdings motion; edits to RJ and AG re: same

13 7/24/19 Peter Gnatowski 1.0 Review various replies re: terminating exclusivity from bondholders, debtors, and other parties; internal emails 

re: same

13 7/25/19 Alex Gebert 1.5 Variance analysis of subro group holdings for counsel

13 7/25/19 Alex Gebert 1.2 Review, summarize, and circulate July 24th hearing notes/transcript

13 7/25/19 Alex Stevenson 0.8 Review press releases and pleadings re: exclusivity, relief from stay

13 7/25/19 Brent Williams 1.0 Review press releases and pleadings re: exclusivity, relief from stay

13 7/25/19 Riley Jacobs 2.9 Variance Analysis of 2019 disclosure statements

13 7/25/19 Riley Jacobs 0.6 Preparation for and internal discussions re: Rule 2019 disclosure statements

13 7/25/19 Riley Jacobs 0.7 Researched, summarized and circulated relevant dockets internally

13 7/26/19 Alex Gebert 2.5 Research, summarize, circulate Debtors' real estate motion(s)

13 7/26/19 Brendan Murphy 0.7 Review of TCC Motion for Production of Third Party Contractor Docs

13 7/26/19 Brendan Murphy 0.4 Review of pleading re: TCC Motion to Retain Trident

13 7/26/19 Peter Gnatowski 1.4 Reviewed variance analysis of investor disclosure motions; comments re: same

13 7/26/19 Riley Jacobs 1.2 Researched, summarized and circulated relevant dockets internally

13 7/27/19 Riley Jacobs 0.4 Researched, summarized and circulated relevant dockets internally

13 7/29/19 Brent Williams 1.0 Review bond holder pleadings - termination of exclusivity

13 7/29/19 Brent Williams 2.2 Review Debtor Estimation Motion pleadings

13 7/29/19 Brendan Murphy 0.3 Review of Exchange Motion reporting package 

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 19

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

13 7/29/19 Brendan Murphy 0.5 Review of Hedging Motion reporting package

13 7/29/19 Brendan Murphy 0.8 Review of Real Estate Transaction reporting package

13 7/29/19 Peter Gnatowski 1.0 Various internal discussions with team re: research and analysis of holdings by investors 

13 7/29/19 Riley Jacobs 0.7 Researched, summarized and circulated relevant dockets internally

13 7/30/19 Riley Jacobs 1.2 Researched, summarized and circulated relevant dockets internally

13 7/30/19 Riley Jacobs 1.6 Additional review of Mesterham; comments re: same

13 7/31/19 Alex Stevenson 0.4 Review press releases and pleadings re: Camp Fire

13 7/31/19 Brendan Murphy 0.7 Review of Bi-Weekly Operational Integrity & Lien Payments Reporting 

13 7/31/19 Brendan Murphy 0.5 Review of public news / articles on PG&E matter re: PG&E bondholder, subro group plan proposals

13 7/31/19 Brendan Murphy 0.3 Review of Simpson Thacher May Fee Statement

13 7/31/19 Riley Jacobs 1.7 Researched, summarized and circulated relevant dockets internally

14 7/1/19 Brendan Murphy 0.8 Review and analysis of PPA due diligence

14 7/9/19 Brendan Murphy 0.7 Reviewed PPA documents and draft analysis

14 7/11/19 Alex Stevenson 0.5 Preparation for and internal discussion re: PPA workstream and related deliverables

14 7/11/19 Brent Williams 1.0 Preparation for and internal discussion re: PPA

14 7/11/19 Matt Merkel 0.5 Call with AS re: PPA workstream and related deliverables

14 7/12/19 Matt Merkel 0.8 Prepared and gave guidance to junior banker on PPA workstream

14 7/12/19 Matt Merkel 2.8 Researched PPA details

14 7/14/19 Alex Gebert 0.6 Emails re: PPA and CCA analysis workstreams

14 7/14/19 Alex Gebert 2.0 Research PPAs and CCAs

14 7/14/19 Alex Gebert 0.8 Review public filings and news re: case updates on PPA treatment

14 7/14/19 Alex Gebert 2.2 Research and review pleadings between bankruptcy court and FERC as it relates to PPAs

14 7/14/19 Alex Gebert 1.5 Drafted financial analysis of CCAs impact to CA utilities

14 7/15/19 Alex Gebert 0.5 Internal discussion re: CCAs and PPAs documents

14 7/15/19 Alex Gebert 3.0 Research and compile relevant documents re: CCA regulation and potential impact to CA utilities

14 7/15/19 Alex Gebert 2.7 Prepared analysis of impact of PPAs to PG&E

14 7/15/19 Matt Merkel 2.5 Researched PPA regulatory filings

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 20

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

14 7/15/19 Matt Merkel 2.3 Drafted PPA diligence list

14 7/15/19 Matt Merkel 2.0 Reviewed research from junior bankers on PPAs

14 7/15/19 Matt Merkel 2.4 Researched PPA treatment in prior bankruptcy cases

14 7/15/19 Naeem Muscatwalla 2.5 Review of PPA rulings in precedent bankruptcy cases

14 7/15/19 Naeem Muscatwalla 2.0 Additional review of PPA ruling in precedent bankruptcy cases

14 7/16/19 Riley Jacobs 1.0 Internal conversations re: workstream and emails on PPA analysis

14 7/16/19 Alex Gebert 2.5 Analysis of PPA and CCA and emails re: the same

14 7/16/19 Alex Gebert 1.5 Financial analysis of rate differential between PGE/CCA

14 7/16/19 Alex Gebert 2.3 Analysis of CCA impact on customers and rates

14 7/16/19 Alex Stevenson 0.4 Preparation for and internal discussion re: PPA workstream and related deliverables

14 7/16/19 Matt Merkel 0.9 Drafted update on PPA workstream; discussion with AS re: same

14 7/16/19 Matt Merkel 0.6 Prepared and provided guidance to a junior banker on CCA summary

14 7/16/19 Matt Merkel 2.2 Researched CCA financial impact 

14 7/16/19 Naeem Muscatwalla 2.1 Review of PPA rulings in precedent bankruptcy cases

14 7/16/19 Naeem Muscatwalla 2.0 Continue review of PPA rulings in precedent bankruptcy cases

14 7/17/19 Matt Merkel 1.6 Researched CCA financial impact 

14 7/17/19 Matt Merkel 1.6 Reviewed research on CCA from junior banker

14 7/18/19 Matt Merkel 1.7 Summarized research on CCA from junior banker

14 7/20/19 Riley Jacobs 1.6 Search and summarize PPA filings for comparable utility companies

14 7/21/19 Brendan Murphy 0.9 Review of Northern Path Gas Pipeline Contract Extensions

14 7/21/19 Matt Merkel 2.9 Read PPA filings and provided summaries

14 7/22/19 Erik Ellingson 2.3 Review and Summarize Northern Gas Pipeline Contract Extension

14 7/22/19 Matt Merkel 2.3 Read details and provided instructions to junior banker on Northern Gas Pipeline Contract Extensions 

summary

14 7/22/19 Matt Merkel 1.8 Read and provided summary on PPA counterparties appeal

14 7/23/19 Erik Ellingson 0.3 Preparation for and internal discussion re: Northern Gas Pipeline analysis

14 7/23/19 Erik Ellingson 1.0 Review and analysis on Northern Gas Pipeline Summary

14 7/23/19 Matt Merkel 1.4 Reviewed and gave comments on Northern Gas Pipeline Contract Extensions summary

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 21

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

14 7/23/19 Brendan Murphy 0.4 Internal Correspondence re: PPAs and Related Diligence 

14 7/24/19 Erik Ellingson 0.8 Review and edits to analysis on Northern Gas Pipeline Summary

14 7/24/19 Matt Merkel 1.8 Reviewed and commented on subsequent Northern Gas Pipeline Contract Extensions summary

14 7/24/19 Naeem Muscatwalla 2.8 Review of PPA rulings in precedent bankruptcy cases

14 7/25/19 Alex Gebert 0.6 Edits to PPA / CCA analysis based on internal comments

14 7/25/19 Alex Stevenson 0.2 Review and comment on Northern Gas Pipeline extension summary

14 7/25/19 Erik Ellingson 1.2 Finalized and presented Northern Gas Pipeline Summary and provided recommendation

14 7/25/19 Matt Merkel 1.4 Reviewed and gave comments on Northern Gas Pipeline Contract Extensions summary

14 7/25/19 Matt Merkel 3.1 Read court filings for PPA treatment in precedent utility bankruptcy cases

14 7/25/19 Matt Merkel 3.4 Drafted PPA analysis and summary re: observations in precedent cases

14 7/25/19 Matt Merkel 2.7 Researched PCIA in regulatory filings

14 7/25/19 Brendan Murphy 1.0 Review and Comments to TCC Presentation re: Northern Path Gas Pipeline Contract Extensions

14 7/25/19 Peter Gnatowski 0.8 Reviewed motion and analysis on pipeline contract assumption

14 7/25/19 Riley Jacobs 3.2 Search for and research other bankruptcies with PPA's involved

14 7/25/19 Riley Jacobs 0.5 Summarize other bankruptcy cases with PPA's 

14 7/26/19 Brent Williams 0.8 Review and comment on PPA and CCA research and analysis

14 7/26/19 Matt Merkel 2.6 Read court filings for PPA treatment in precedent utility bankruptcy cases

14 7/26/19 Matt Merkel 2.6 Researched PCIA figures on comparable utilities

14 7/26/19 Matt Merkel 1.7 Reviewed research from junior bankers on PPAs treatment in prior bankruptcies

14 7/28/19 Brent Williams 1.5 Review and comment on subsequent PPA and CCA analysis

14 7/28/19 Matt Merkel 3.0 Drafted summaries on PPA treatment in prior bankruptcies

14 7/28/19 Matt Merkel 2.9 Drafted analysis of CCA impact and financial implications

14 7/28/19 Matt Merkel 2.5 Researched PCIA in regulatory filings

14 7/29/19 Alex Stevenson 0.5 Preparation for and internal discussion re: PPA's and CCA financial impact

14 7/29/19 Riley Jacobs 0.8 Internal communications re: Bankruptcy PPAs

14 7/30/19 Brent Williams 1.2 Reviewed and comment on analysis of CCA issues

14 7/30/19 Riley Jacobs 2.4 Create presentation on PPA jurisdiction guidelines 

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 22

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

14 7/31/19 Brendan Murphy 0.6 Review of Third Motion to Approve Discounted Energy Procurement Agreements

14 7/31/19 Riley Jacobs 0.8 Preparation for and internal communications re: PPA jurisdiction guidelines 

14 7/31/19 Riley Jacobs 1.3 Additional edits to PPA jurisdiction guidelines 

15 7/3/19 Peter Gnatowski 1.8 Reviewed preliminary presentation and analysis on KEIP from AG

15 7/3/19 Peter Gnatowski 0.8 Comments to AG re: additional research re: KEIP

15 7/3/19 Peter Gnatowski 2.5 Reviewed supporting documents and edits to KEIP presentation and analysis

15 7/3/19 Alex Gebert 2.1 Prepare and analyze stock options matrix re: CEO compensation package

15 7/3/19 Alex Gebert 3.0 Analysis of LTIP/compensation structures of PGE and other CA utilities

15 7/3/19 Alex Gebert 2.4 Analysis of KEIP and related presentation

15 7/5/19 Peter Gnatowski 2.5 Researched and analyzed various KEIP motions

15 7/5/19 Peter Gnatowski 2.8 Additional research into comparable bankruptcy KEIP motions

15 7/8/19 Brendan Murphy 0.7 Review of Debtors responses re: KEIP and CEO Comp Motion Diligence

15 7/9/19 Brendan Murphy 0.9 Review of Debtors responses re: KEIP and CEO Comp Motion Diligence

15 7/9/19 Brendan Murphy 1.8 Review and comments to TCC materials re: KEIP and CEO Comp Motion

15 7/9/19 Peter Gnatowski 1.8 Additional edits to KEIP and CEO presentation

15 7/9/19 Peter Gnatowski 1.5 Further analysis of historical LTIP payouts for KEIP participants

15 7/9/19 Peter Gnatowski 1.0 Research of comparable KEIP and LTIP 

15 7/9/19 Alex Gebert 1.4 Review of Debtors' responses to KEIP/CEO motions

15 7/9/19 Alex Gebert 3.0 Analysis / research of comparable employee incentive plans

15 7/9/19 Alex Gebert 1.6 Prepare for and discuss internally re: incentive plan analysis; additional research based on comments

15 7/9/19 Alex Gebert 2.0 Prepare table/exhibits of employee incentive plans

15 7/10/19 Riley Jacobs 0.8 Review KEIP / CEO contract pleadings

15 7/10/19 Riley Jacobs 0.9 Review internal materials on KEIP / CEO contract

15 7/10/19 Brendan Murphy 1.6 Review and comments on updated KEIP analysis 

15 7/10/19 Brendan Murphy 0.8 Review and comment on updated CEO compensation analysis

15 7/10/19 Peter Gnatowski 0.3 Discussion with AG re: KEIP analysis based on comments from BM

15 7/10/19 Peter Gnatowski 2.0 Researched comparable CEO pay

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 23

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

15 7/10/19 Peter Gnatowski 1.2 Reviewed stock option analysis prepared by AG; edits re: same

15 7/10/19 Peter Gnatowski 1.1 Further edits to KEIP analysis based on historical pay rates

15 7/10/19 Alex Gebert 2.3 Scenario analysis related to CEO compensation

15 7/10/19 Alex Gebert 0.8 Analysis of comparable KEIPs

15 7/10/19 Alex Gebert 3.0 Analysis of KEIP payout and comparable across other bankruptcies

15 7/11/19 Brendan Murphy 1.6 Review and comments to TCC materials re: KEIP analysis and summary

15 7/11/19 Brendan Murphy 1.4 Review and comment on updated CEO analysis and summary

15 7/11/19 Peter Gnatowski 2.1 Reviewed historical CEO pay at PG&E and comments to AG re: edits

15 7/11/19 Peter Gnatowski 2.5 Reviewed comparable KEIPs analysis from AG and related supporting schedules

15 7/11/19 Peter Gnatowski 1.8 Additional edits to KEIP and CEO Compensation presentation

15 7/11/19 Peter Gnatowski 0.3 Emails and discussion with BM re: KEIP and CEO presentation

15 7/11/19 Alex Gebert 2.2 Research re: executive compensation across Debtors' operating history

15 7/11/19 Alex Gebert 2.0 Benchmarking / comparison table re: executive compensation and emails re: the same

15 7/11/19 Alex Gebert 1.6 Edits to executive compensation analysis based on comments from PG

15 7/11/19 Brent Williams 1.4 Review and comment on KEIP and CEO materials 

15 7/12/19 Brendan Murphy 1.9 Review and comments to TCC materials re: KEIP and CEO Comp Motion; discussions re: same

15 7/12/19 Peter Gnatowski 1.6 Edits to KEIP analysis based on comments from BM

15 7/12/19 Peter Gnatowski 1.1 Additional research to KEIP analysis based on comments from BM

15 7/14/19 Brendan Murphy 0.7 Research for Counsel re: KEIP

15 7/14/19 Peter Gnatowski 0.6 Reviewed questions from counsel on KEIP and LTIP; emails re: same

15 7/15/19 Brendan Murphy 0.6 Preparation for and call with Counsel re: KEIP and CEO Motion 

15 7/15/19 Brendan Murphy 1.6 Research for Counsel and Review of Analysis re: KEIP and Other Industry Comparable 

15 7/15/19 Brendan Murphy 0.4 Review of PG&E Q1 Earnings Release re: STIP Results 

15 7/15/19 Brendan Murphy 0.9 Review of Discovery re: CEO Option Value and KEIP Materials from Debtor

15 7/15/19 Brendan Murphy 0.9 Public Research for Counsel and Review of Analysis re: CEO Options and Economics

15 7/15/19 Brendan Murphy 0.8 Detailed Review of Financial Model re: Options

15 7/15/19 Riley Jacobs 1.2 Research and review competitors KEIP plans 

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 24

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

15 7/15/19 Peter Gnatowski 1.5 Researched comparable KEIPs and LTIP based on questions from counsel

15 7/15/19 Peter Gnatowski 0.8 Reviewed additional documents provided by the Debtors on KEIP and CEO comp

15 7/15/19 Peter Gnatowski 1.8 Ran option valuation on CEO comp; various emails and discussion with BM re: same

15 7/15/19 Alex Gebert 0.7 Prepared for and participated in call with Counsel and team re: KEIP and CEO comp

15 7/16/19 Brendan Murphy 1.4 Review of Discovery re: CEO Option Value and KEIP Materials from Debtor

15 7/16/19 Alex Gebert 1.5 Reviewed additional documents provided by the Debtors on KEIP and CEO comp; prepared analysis

15 7/16/19 Alex Gebert 1.7 KEIP/CEO compensation package analysis

15 7/17/19 Brendan Murphy 1.0 Additional review of Discovery re: CEO Option Value and KEIP Materials from Debtor

15 7/17/19 Brendan Murphy 0.9 Review of UST Objections re: KEIP and CEO Motion

15 7/17/19 Peter Gnatowski 0.6 Review KEIP objections from counsel and US Trustee

15 7/17/19 Peter Gnatowski 0.8 Reviewed and commented internally on KEIP diligence responses from the Debtors

15 7/17/19 Alex Gebert 0.5 Review KEIP Objections

15 7/18/19 Alex Stevenson 0.4 Review pleadings and news articles re KEIP

16 7/2/19 Peter Gnatowski 1.0 Reviewed PE and Debtor $1 billion settlement

16 7/2/19 Peter Gnatowski 1.4 Created summary and analysis of PE settlement

16 7/2/19 Brendan Murphy 1.3 Review of and comments to PE Settlement Overview for TCC

16 7/9/19 Brendan Murphy 0.8 Review and analysis of 503(b)(9) Claims diligence from Debtors

16 7/9/19 Peter Gnatowski 0.3 Reviewed schedule from Debtors on 503(b)(9) claims; discussions with junior bankers re: analysis

16 7/9/19 Alex Stevenson 0.3 Review and correspondence on 503(b)(9) motion

16 7/10/19 Riley Jacobs 0.7 Review 503(b)(9) claims summary

16 7/10/19 Riley Jacobs 2.4 Drafted analysis and presentation on 503(b)(9) claims

16 7/10/19 Riley Jacobs 1.5 Internal communications and updates to presentation on 503(b)(9) claims

16 7/11/19 Brendan Murphy 0.8 Reviewed 503(b)(9) claims summary and analysis

16 7/11/19 Brendan Murphy 0.7 Review of and comments to 503(b)(9) summary analysis

16 7/11/19 Peter Gnatowski 1.5 Reviewed and comment 503(b)(9) motion and analysis prepared by RJ

16 7/11/19 Peter Gnatowski 1.8 Edits to 503(b)(9) analysis; emails to team re: same

16 7/11/19 Peter Gnatowski 1.5 Reviewed and updated analysis of claims numbers provided by Debtors; comments with AS re: same

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 25

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

16 7/11/19 Alex Stevenson 0.2 Review and comment on 503(b)(9) summary

16 7/23/19 Brent Williams 0.5 Response to committee member re: Subro claims

16 7/31/19 Peter Gnatowski 0.8 Addressed and research claims questions from TCC counsel; internal emails re: same

17 7/21/19 Erik Ellingson 2.5 Researched asset detail for real estate sale diligence

17 7/21/19 Erik Ellingson 1.9 Reviewed various real estate motions and schedules re: analysis

17 7/26/19 Erik Ellingson 2.2 Reviewed real estate sale motion and reviewed real estate diligence from the Debtors

17 7/26/19 Erik Ellingson 2.3 Prepared analysis and summary of sale of real estate assets

17 7/26/19 Erik Ellingson 1.6 Prepare analysis regarding surplus and core real estate assets and debtor recommendations

17 7/26/19 Erik Ellingson 0.8 Review final analysis around real estate summary and recommendations

17 7/29/19 Erik Ellingson 0.7 Review, analyze June 2019 RE report

20 7/18/19 Riley Jacobs 2.0 Review PG&E public trading comps

20 7/19/19 Brendan Murphy 0.7 Review of Financial Analysis re: Public Trading Comparable

20 7/22/19 Erik Ellingson 2.8 Review and Summary Equity Research on all California based IOUs

20 7/22/19 Erik Ellingson 0.5 Preparation for and participation in call to discuss Equity Research Commentary and TCC Process

20 7/22/19 Erik Ellingson 0.4 Review final summary on Analyst Reports

21 7/1/19 Peter Gnatowski 2.2 Updated draft term sheet based on new assumptions

21 7/1/19 Peter Gnatowski 1.8 Updated comparison term sheet re: same; discussions with internal team re: same 

21 7/1/19 Brendan Murphy 3.9 Amended draft term sheet 

21 7/1/19 Alex Gebert 1.5 Analysis of TCC term sheet draft

21 7/1/19 Alex Gebert 1.0 Waterfall analysis based on latest term sheet assumptions

21 7/1/19 Alex Gebert 2.5 Further updates to proposal comparisons

21 7/1/19 Alex Gebert 1.0 Edit/format side-by-side comparison of proposals

21 7/2/19 Riley Jacobs 2.1 Review bondholder proposal and internal analysis

21 7/2/19 Peter Gnatowski 1.8 Additional edits to Term sheet based on internal comments and comments from counsel

21 7/2/19 Brent Williams 2.4 Review and comment on updated term sheet

21 7/3/19 Peter Gnatowski 1.6 Edits to terms sheet based on comments from counsel

21 7/3/19 Alex Stevenson 0.6 Review and comment on term sheet modifications

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 26

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

21 7/3/19 Brent Williams 1.5 Review and comment on summary analysis of subro proposal

21 7/3/19 Brent Williams 0.7 Preparation for and internal discussions re: analysis and materials for term sheets

21 7/3/19 Brent Williams 2.0 Review and comment on term sheet analysis and comparison 

21 7/5/19 Brendan Murphy 1.6 Drafted, amended and commented to draft term sheet requested by Counsel

21 7/5/19 Brendan Murphy 0.8 Additional review and comment on draft term sheet for counsel

21 7/5/19 Alex Stevenson 0.4 Review correspondence re potential investment from an existing stakeholder

21 7/6/19 Alex Stevenson 0.6 Review and comment on correspondence re: potential interest from existing stakeholder

21 7/10/19 Alex Gebert 1.5 Edits to bondholders' term sheet analysis presentation 

21 7/11/19 Brendan Murphy 1.2 Reviewed and commented on draft term sheet 

21 7/11/19 Brent Williams 1.3 Reviewed and comment on updated term sheet

21 7/11/19 Brent Williams 1.2 Review and comment on edits to waterfall analysis for counsel re: term sheets

21 7/12/19 Brendan Murphy 2.2 Amended updated draft term sheet based on discussions with counsel

21 7/12/19 Riley Jacobs 0.8 Edits and Formatting changes to term sheet draft 

21 7/12/19 Peter Gnatowski 2.5 Edits to draft term sheet based on comments from counsel; emails with internal team re: same

21 7/12/19 Peter Gnatowski 1.8 Updated term sheet waterfall analysis based on alternative assumptions; emails with internal team re: same

21 7/15/19 Peter Gnatowski 1.5 Reviewed term sheet from other group

21 7/15/19 Peter Gnatowski 3.1 Drafted analysis and summary of term sheet

21 7/15/19 Alex Gebert 1.0 Review latest restructuring proposal from third party group

21 7/15/19 Alex Gebert 3.0 Created comparison table of various proposals

21 7/15/19 Alex Stevenson 0.3 Review correspondence re: potential term sheet from third party group

21 7/15/19 Brent Williams 3.0 Review and analysis re: TCC term sheet

21 7/15/19 Brent Williams 2.5 Review draft term sheet from third party

21 7/15/19 Brent Williams 1.0 Preparation for and internal discussions re: third party draft term sheet

21 7/16/19 Brendan Murphy 3.1 Review of Confidential Term Sheet Analysis and Related Presentation

21 7/16/19 Peter Gnatowski 1.8 Drafted presentation on term sheet summary and analysis for counsel

21 7/16/19 Peter Gnatowski 1.2 Reviewed term sheet from interested party 

21 7/16/19 Peter Gnatowski 1.8 Review and comment on term sheet comparison and analysis from AG

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 27

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

21 7/16/19 Peter Gnatowski 1.5 Edits to waterfall analysis based on term sheet

21 7/16/19 Alex Gebert 1.5 Updates to proposal analysis

21 7/16/19 Alex Stevenson 0.4 Review correspondence re potential investment from an existing stakeholder

21 7/16/19 Brent Williams 2.5 Additional review of draft term sheet from other constituents

21 7/16/19 Brent Williams 1.5 Review and comment on term sheet analysis and comparison

21 7/16/19 Brent Williams 1.7 Reviewed term sheet and comments to team re: analysis and comparison

21 7/17/19 Brendan Murphy 1.6 Drafted, Amended and Commented to Draft Term Sheet Requested by Counsel

21 7/17/19 Brendan Murphy 1.5 Review and Analysis of Plan Term Sheet re: Confidential Party

21 7/17/19 Riley Jacobs 2.3 Create analysis to outline key factors in bondholder proposal per senior banker request

21 7/17/19 Peter Gnatowski 1.1 Additional edits to third party term sheet analysis based on internal comments

21 7/17/19 Peter Gnatowski 0.7 Reviewed updated filing of plan and commitment letters from bondholders

21 7/17/19 Peter Gnatowski 0.5 Summarized key plan proposal changes and observations for internal team

21 7/17/19 Peter Gnatowski 1.6 Reviewed and commented on summary and analysis of bondholder updated term sheet

21 7/17/19 Peter Gnatowski 1.8 Updated waterfall analysis based on latest term sheet from bondholders

21 7/17/19 Peter Gnatowski 1.5 Additional edits to summary presentation and waterfall analysis of bondholder term sheet

21 7/17/19 Alex Gebert 2.0 Read and review latest third party plan proposal

21 7/17/19 Alex Gebert 2.5 Updates to waterfall and model based on latest third party plan

21 7/17/19 Alex Gebert 1.3 Update Waterfall and related analysis based on revised assumptions in term sheet

21 7/17/19 Alex Gebert 3.0 Update to bondholders proposal deck based on revised term sheet

21 7/17/19 Alex Stevenson 0.4 Review email correspondence re plan term sheet

21 7/17/19 Alex Stevenson 0.8 Preparation for and internal discussion re: term sheet strategy

21 7/17/19 Alex Stevenson 0.4 Review Ad Hoc commitment letter

21 7/17/19 Alex Stevenson 0.8 Review amended Ad Hoc term sheet

21 7/17/19 Alex Stevenson 1.5 Review draft term sheet from third party group

21 7/18/19 Brendan Murphy 1.6 Drafted, Amended and Commented to Draft Term Sheet Requested by Counsel

21 7/18/19 Brendan Murphy 1.4 Review and Analysis of Plan Term Sheet re: Confidential Party

21 7/18/19 Riley Jacobs 0.8 Research comparable terms in bondholder proposal 

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 28

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

21 7/18/19 Peter Gnatowski 1.5 Additional edits to summary presentation on bondholder revised plan

21 7/18/19 Peter Gnatowski 1.4 Edits to term sheet based on internal comments

21 7/18/19 Peter Gnatowski 1.5 Additional edits to term sheet based on comments from counsel

21 7/18/19 Peter Gnatowski 1.2 Prepared return analysis on bondholder proposal per comments from AS

21 7/18/19 Peter Gnatowski 1.0 Additional edits to return analysis based on comments from AS; emails re: same

21 7/18/19 Peter Gnatowski 1.3 Further revisions to bondholder analysis and summary for counsel based on internal comments

21 7/18/19 Peter Gnatowski 1.6 Reviewed and comment on updated sources and uses analysis from AG

21 7/18/19 Alex Gebert 2.3 Edited Side-by-side comparison of various proposals

21 7/18/19 Alex Gebert 1.8 Internal discussion re: updates to TCC proposal; edits to terms sheet based on comments

21 7/18/19 Alex Gebert 0.9 Updates to presentation re: analysis of Bondholders' latest filing

21 7/18/19 Alex Stevenson 0.7 Review proposed changes to term sheet and comment

21 7/18/19 Alex Stevenson 0.9 Review revised analysis and presentation of bondholder proposal and comment

21 7/18/19 Alex Stevenson 0.4 Preparation for and internal discussion re: analysis of bondholder term sheet amendment

21 7/18/19 Brent Williams 2.4 Review and comment on term sheet analysis; participate on internal call 

21 7/19/19 Brendan Murphy 1.3 Reviewed and comments on draft term sheet

21 7/19/19 Peter Gnatowski 1.2 Updated draft term sheet based on comments from counsel and internally

21 7/19/19 Alex Gebert 2.2 Analysis of competing plan proposals and recovery estimates

21 7/19/19 Alex Stevenson 0.6 Review and comment on term sheet drafts

21 7/19/19 Brent Williams 2.5 Additional review and comment of plan comparison for TCC meeting

21 7/21/19 Brent Williams 1.7 Review and comment on draft term sheet 

21 7/22/19 Brendan Murphy 0.8 Review and comment on subsequent draft term sheet from junior bankers

21 7/22/19 Brendan Murphy 0.7 Review of Financial Analysis re: Rights Offerings

21 7/22/19 Peter Gnatowski 1.6 Reviewed rights offering analysis prepared by AG

21 7/22/19 Peter Gnatowski 2.4 Additional research re: discounts for rights offerings; emails with team re: same

21 7/22/19 Peter Gnatowski 0.3 Discussion with BW re: edits to term sheet

21 7/22/19 Peter Gnatowski 1.7 Edits to term sheet based on comments from counsel and BW

21 7/22/19 Peter Gnatowski 1.8 Reviewed documents re: equity structure; prepared analysis re: same

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 29

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

21 7/22/19 Brent Williams 1.8 Review and comment on presentation to TCC re: bondholder plan

21 7/22/19 Brent Williams 1.5 Review and comment on edits to term sheet; internal discussions 

21 7/23/19 Brendan Murphy 1.1 Drafted, Amended and Commented to Draft Term Sheet Requested by Counsel

21 7/23/19 Peter Gnatowski 1.1 Reviewed analysis of equity structure prepared by AG and EE

21 7/23/19 Peter Gnatowski 1.9 Edits to equity structure analysis

21 7/23/19 Peter Gnatowski 1.3 Reviewed revised term sheet from counsel

21 7/23/19 Peter Gnatowski 1.8 Edits to term sheet from counsel

21 7/23/19 Peter Gnatowski 2.8 Additional edits to term sheet based on internal comments; emails re: same

21 7/23/19 Peter Gnatowski 2.2 Updated waterfall analysis based on comments from BW

21 7/23/19 Peter Gnatowski 0.4 Various discussions with BW re: waterfall analysis

21 7/23/19 Alex Gebert 1.7 Analysis of rights offering and emails re: the same

21 7/23/19 Alex Gebert 1.5 Compare updated third party term sheet to prior version

21 7/23/19 Alex Gebert 2.6 Scenario analysis of wildfire claims payout based on latest third party term sheet

21 7/23/19 Alex Stevenson 0.8 Preparation for and internal discussion re: discuss negotiation strategy

21 7/23/19 Alex Stevenson 1.2 Review and comment on draft term sheet

21 7/23/19 Alex Stevenson 0.4 Review and comment on securities analysis

21 7/23/19 Brent Williams 1.0 Review and comment on changes to term sheet; internal discussions re: changes

21 7/23/19 Erik Ellingson 2.1 Review ad hoc claim third party term sheet and coordinate analysis with junior bankers

21 7/23/19 Erik Ellingson 1.2 Review and comment on scenario analysis of wildfire claims based on latest third party term sheet

21 7/24/19 Brendan Murphy 1.4 Drafted, Amended and Commented to Draft Term Sheet Requested by Counsel

21 7/24/19 Peter Gnatowski 1.5 Incorporated comments from counsel to term sheet 

21 7/24/19 Peter Gnatowski 0.4 Discussions and emails re: term sheet presentation to TCC with AG 

21 7/24/19 Peter Gnatowski 1.4 Additional edits to equity structure analysis; emails internally re: same

21 7/24/19 Peter Gnatowski 0.8 Reviewed draft term sheet from counsel; comments re: changes

21 7/24/19 Alex Gebert 0.9 Follow up on waterfall analysis re: third party term sheet

21 7/24/19 Alex Gebert 1.5 Wildfire claims payout analysis re: TCC term sheet

21 7/24/19 Alex Stevenson 0.5 Review and comment on draft term sheet

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 30

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

21 7/24/19 Brent Williams 1.3 Discussion with counsel; review equity structure analysis

21 7/25/19 Peter Gnatowski 1.8 Prepared various analyses re: term sheet presentation and comparison

21 7/25/19 Peter Gnatowski 0.3 Call with AS re: additional edits to presentation on term sheet

21 7/25/19 Alex Gebert 0.8 Discuss internally TCC plan amendments

21 7/25/19 Alex Gebert 1.3 Updates to and corresponding analysis of S/U re: to latest TCC plan amendments

21 7/25/19 Alex Gebert 1.5 Updates to and corresponding analysis of waterfall re: to latest TCC plan amendments

21 7/25/19 Erik Ellingson 0.7 Prepare report and analyze TCC proposed term sheet

21 7/25/19 Peter Gnatowski 1.2 Further edits to term sheet presentation based on comments from AS and counsel

21 7/25/19 Peter Gnatowski 1.1 Reviewed TCC presentation on term sheet prepared by AG

21 7/25/19 Peter Gnatowski 2.0 Edits to term sheet presentation to TCC

21 7/25/19 Peter Gnatowski 0.3 Discussion with AG re: edits to analysis of term sheets

21 7/26/19 Alex Gebert 2.3 Updates to term sheet analysis of various proposals

21 7/26/19 Peter Gnatowski 0.6 Reviewed updated waterfall analysis of term sheet from AG

21 7/26/19 Peter Gnatowski 1.5 Edits to waterfall analysis and presentation

21 7/26/19 Peter Gnatowski 0.5 Prepared for and participated in update call with BM re: waterfall

21 7/29/19 Alex Stevenson 0.3 Review memo re: term sheet discussions

21 7/29/19 Brent Williams 1.0 Preparation for and internal discussion re: case issues and plan process

21 7/29/19 Brent Williams 1.5 Review and analysis of recovery scenarios based on proposals

21 7/29/19 Brendan Murphy 1.3 Review and Analysis of Plan Term Sheet re: Confidential Party

21 7/29/19 Peter Gnatowski 1.1 Reviewed updated term sheet and analysis

21 7/30/19 Brent Williams 2.0 Review and analysis of potential plan process - timing issues 

21 7/30/19 Brent Williams 1.5 Review proposals - CPUC Protocol timing 

21 7/30/19 Brent Williams 0.7 Preparation for and internal discussions re: plan process and related issues

21 7/30/19 Brendan Murphy 0.6 Analysis of updated sources / uses, provided by Debtors

21 7/31/19 Brent Williams 0.5 Preparation for and internal discussions re: plan process and presentation for TCC

22 7/19/19 Brendan Murphy 3.2 Review of Deposition Discovery Documents from Debtor re: Bonds' Term Sheet re: Elliott deposition

22 7/19/19 Peter Gnatowski 2.7 Reviewed of deposition exhibits; internal comments

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 31

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

22 7/21/19 Brendan Murphy 1.4 Review of Deposition Discovery Documents from Debtor re: Bonds' Term Sheet re: PWP deposition

22 7/21/19 Peter Gnatowski 1.5 Reviewed deposition transcript

22 7/21/19 Peter Gnatowski 1.8 Review and analysis of deposition exhibits

22 7/24/19 Brendan Murphy 0.9 Review of Mesterham Depo Transcript

22 7/26/19 Brendan Murphy 1.3 Review of Discovery Documents from Debtor re: Financial Spreadsheets

22 7/30/19 Brendan Murphy 1.7 Review of Deposition exhibits re: James Mesterharm 

22 7/30/19 Brendan Murphy 0.4 Review of Deposition exhibits re: Tomer Perry 

22 7/30/19 Peter Gnatowski 1.8 Review deposition exhibits and related documents

22 7/31/19 Brendan Murphy 0.7 Review of Discovery Documents from Debtor re: Financial Spreadsheets

23 7/19/19 Peter Gnatowski 6.5 Prepared for and participated in deposition

23 7/20/19 Brent Williams 3.4 Reviewed deposition transcript and exhibits

23 7/22/19 Brendan Murphy 6.1 Preparation for and Attendance at Alex Tracy Deposition (NY)

23 7/22/19 Brent Williams 1.1 Review of notes and discussion of July 22nd deposition

23 7/23/19 Brendan Murphy 3.1 Preparation for and Attendance at James Mesterharm Deposition (SF)

23 7/23/19 Brendan Murphy 1.4 Preparation for and Attendance at Tomer Perry Deposition (SF)

23 7/23/19 Riley Jacobs 1.6 Review of Mesterham Deposition re: financial assumptions and analysis

23 7/23/19 Riley Jacobs 2.1 Additional review of Mesterham deposition exhibits re: assumptions and analysis

23 7/24/19 Brendan Murphy 3.1 Preparation for and Attendance at Hearing (SF)

23 7/24/19 Riley Jacobs 2.1 Additional review of Mesterham deposition; internal comments re: summary

23 7/24/19 Alex Stevenson 2.8 Preparation for and attend hearing re termination of exclusivity

23 7/24/19 Brent Williams 3.0 Preparation for and attend court hearing in SF

23 7/24/19 Brent Williams 1.1 Review deposition transcript

23 7/30/19 Erik Ellingson 1.4 Review Mesterharm Deposition specific focus on Exhibit 4 (TCC Plan)

25 7/2/19 Alex Gebert 1.8 Review of public news / articles on PG&E filing re: case and wildfire recovery legislation

25 7/2/19 Alex Stevenson 0.5 Preparation for and call with Lincoln team re: AB1054 and related issues

25 7/7/19 Brent Williams 1.5 Review Wildfire Legislation

25 7/8/19 Brendan Murphy 1.0 Review of newly amended version of AB-1054

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 32

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

25 7/8/19 Peter Gnatowski 1.4 Reviewed update on legislative matters for wildfire fund and updated bill

25 7/8/19 Alex Gebert 2.5 Read, review, and research updated AB 1054 legislation

25 7/8/19 Alex Gebert 0.8 Prepare summary deck of AB 1054 for Counsel

25 7/8/19 Alex Stevenson 0.2 Review pleadings and news articles re wildfire fund

25 7/9/19 Brendan Murphy 1.1 Additional review of newly amended version of AB-1054

25 7/9/19 Peter Gnatowski 0.3 Reviewed updates on regulatory proceedings

25 7/9/19 Alex Stevenson 0.4 Preparation for and correspondence with Baker Hostetler re: AB1054

25 7/9/19 Alex Stevenson 0.5 Review and comment on summary of AB1054

25 7/9/19 Matt Merkel 0.3 Review of recent docket filings including AB-1054 and potential impact to financial projections/model

25 7/12/19 Alex Stevenson 0.2 Review schedule of CPUC rate making hearings as it relates to PG&E business plan

25 7/12/19 Brent Williams 2.0 Review of presentation re: wildfire legislation

25 7/15/19 Alex Gebert 0.4 Internal coordination re: PGE public regulatory forums

25 7/16/19 Riley Jacobs 1.2 Research and circulate information on PG&E Rate Case hearings

25 7/16/19 Naeem Muscatwalla 1.3 Review of public news / articles on PG&E filing re: wildfire fund

25 7/22/19 Alex Gebert 3.0 Review and analyze equity analyst reports on PG&E re: AB1054 impact

25 7/22/19 Alex Gebert 3.0 Review and analyze equity analyst reports on SDE and San Diego Gas on Electric re: AB1054 impact

25 7/22/19 Alex Gebert 0.8 Internal discussion and email re: key considerations from equity analyst reports re: AB1054 impact

25 7/22/19 Alex Gebert 2.7 Analysis and impact of CA legislation (AB 1054) on PGE and CA utility landscape

25 7/22/19 Brent Williams 1.5 Emails and discussion regarding CPUC plan process proposal

25 7/25/19 Alex Gebert 1.4 Review of PGE SEC disclosure re: participation in AB 1054; internal comments

25 7/26/19 Alex Stevenson 0.4 Review CPUC approval rights under AB1054

25 7/26/19 Brent Williams 1.0 Preparation for and communication with counsel re: CPUC plan process proposal

25 7/26/19 Matt Merkel 1.8 Researched AB1054 challenge and provided summary

25 7/29/19 Alex Stevenson 0.3 Preparation, correspondence, and internal discussion re: meeting with CPUC

25 7/29/19 Naeem Muscatwalla 1.1 Circulate of public news / articles on PG&E filing re: wildfire fund legislation 

25 7/30/19 Brent Williams 1.0 Review of public news / articles on PG&E matter re: wildfire fund and securitization 

25 7/30/19 Brendan Murphy 0.8 Review of public news / articles on PG&E matter re: wildfire fund

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 33

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

25 7/31/19 Alex Stevenson 0.7 Review and comment on draft correspondence with CPUC

25 7/31/19 Alex Stevenson 0.3 Review notes prepared by MM on ratemaking call with CPUC

25 7/31/19 Brent Williams 0.6 Review counsel letter on CPUC Protocol 

25 7/31/19 Matt Merkel 1.6 Participated and summarized GRC 2020 CPUC hearing

25 7/31/19 Brendan Murphy 0.4 Review of notes re: Public Participation Hearing on GRC 2020

26 7/21/19 Brendan Murphy 2.1 Non-Working Travel to NY for Deposition 

26 7/22/19 Brendan Murphy 4.0 Non-Working Travel to SFO for Deposition and Hearings re: Major Airport Delays

26 7/23/19 Brent Williams 3.5 Non-working travel

26 7/25/19 Brendan Murphy 3.4 Non-Working Travel from SFO to ORD

26 7/25/19 Brent Williams 3.0 Non-working travel

27 7/1/19 Peter Gnatowski 0.5 Internal team call re: outstanding tasks and case strategy

27 7/1/19 Brendan Murphy 0.5 Preparation for and internal discussion re: actionable tasks and responsibilities

27 7/1/19 Alex Gebert 0.5 Review and internal discussion re: PG&E project workstream

27 7/1/19 Alex Stevenson 0.5 Preparation for and discussion of case strategy and workplan with team

27 7/1/19 Brent Williams 0.5 Preparation for and internal discussion re: actionable tasks and responsibilities

27 7/1/19 Naeem Muscatwalla 0.5 Preparation for and internal coordination regarding workstream responsibilities

27 7/2/19 Riley Jacobs 0.8 Update Internal Calendars and summarize future proceedings

27 7/2/19 Alex Stevenson 1.0 Internal case strategy and workplan discussions with BW

27 7/2/19 Brent Williams 1.2 Preparation for and internal discussion re: actionable tasks and responsibilities with AS

27 7/5/19 Brendan Murphy 1.3 Internal discussions re: case update, materials and outstanding tasks 

27 7/5/19 Brent Williams 1.2 Internal coordination on tasks and responsibilities and case strategy

27 7/8/19 Riley Jacobs 0.6 Internal team call re: outstanding tasks and updates

27 7/8/19 Brendan Murphy 1.3 Internal team call re: case update and outstanding tasks

27 7/8/19 Peter Gnatowski 0.5 Prepared for and catch up call with team re: outstanding tasks and strategy

27 7/8/19 Alex Stevenson 1.3 Preparation for and internal discussion re: actionable tasks and responsibilities

27 7/8/19 Alex Stevenson 0.5 Preparation for and discussion of case strategy and workplan with team

27 7/8/19 Naeem Muscatwalla 0.5 Preparation for and internal coordination regarding workstream responsibilities

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 34

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

27 7/9/19 Jane Su 1.7 Miscellaneous case administration including meeting preparation

27 7/9/19 Jane Su 0.4 Miscellaneous case administration including meeting preparation

27 7/12/19 Riley Jacobs 1.0 Update Internal Calendars and summarize agenda for future events

27 7/15/19 Brendan Murphy 1.5 Internal team call re: case; additional discussions with BW re: workstreams

27 7/15/19 Riley Jacobs 0.8 Internal status call and update internal calendars and summarize agenda for future events

27 7/15/19 Peter Gnatowski 0.5 Internal discussions on outstanding tasks and key strategy

27 7/15/19 Alex Gebert 0.5 Internal discussions on outstanding tasks and key strategy

27 7/15/19 Alex Stevenson 0.5 Preparation for and discussion of case strategy and workplan with team

27 7/15/19 Brent Williams 1.5 Preparation for and internal discussion re: actionable tasks and responsibilities; follow up with BM

27 7/15/19 Naeem Muscatwalla 0.5 Preparation for and internal coordination regarding workstream responsibilities

27 7/17/19 Brendan Murphy 0.8 Internal meeting and related communication re: Plan strategy and term sheets

27 7/17/19 Riley Jacobs 1.1 Update Internal Calendars and summarize agenda for future events

27 7/17/19 Riley Jacobs 0.4 Updates to internal calendars based on court dates and review of critical dates memo

27 7/17/19 Brent Williams 0.7 Preparation for and internal discussion re: actionable tasks and responsibilities

27 7/18/19 Alex Stevenson 1.0 Preparation for and internal discussion re: case strategy and upcoming case workplan

27 7/19/19 Naeem Muscatwalla 1.9 Preparation for and internal discussion re: outstanding workstreams and open tasks

27 7/20/19 Brent Williams 1.2 Preparation for and internal discussion re: actionable tasks and responsibilities

27 7/21/19 Peter Gnatowski 1.0 Discussion with EE and AG re: case update and outstanding tasks

27 7/21/19 Alex Gebert 1.0 Prepare for and internal meeting re: PG&E and plan progress

27 7/21/19 Erik Ellingson 1.1 Preparing for and participation in internal discussion re: outstanding tasks and open workstreams with PG, MM 

and AG

27 7/21/19 Naeem Muscatwalla 0.7 Preparation for and internal discussion re: outstanding workstreams

27 7/22/19 Riley Jacobs 0.4 Update internal calendars and summarize future proceedings

27 7/23/19 Riley Jacobs 0.4 Update internal calendars and summarize future proceedings

27 7/24/19 Brendan Murphy 0.9 Preparation for and internal Strategy Meeting re: Term Sheet, Case Issues

27 7/24/19 Peter Gnatowski 1.4 Discussion with team re: case update and outstanding tasks

27 7/24/19 Riley Jacobs 1.5 Internal call re: outstanding workstreams and task allocation

27 7/24/19 Alex Gebert 1.3 Internal team touchpoint on case progress, next steps, plan

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 35

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

27 7/24/19 Alex Stevenson 1.2 Preparation for and internal discussion re: discuss case strategy

27 7/24/19 Brent Williams 1.5 Preparation for and internal discussion re: actionable tasks and responsibilities

27 7/24/19 Erik Ellingson 0.8 Prepare for and participate in workflow distribution and organization call

27 7/24/19 Naeem Muscatwalla 1.1 Preparation for and internal coordination regarding workstream responsibilities

27 7/25/19 Peter Gnatowski 1.0 Drafted and reviewed outstanding tasks and workstreams; discussion with BM re: same

27 7/25/19 Alex Stevenson 1.1 Preparation for and internal discussion re: case workplan with BW

27 7/25/19 Brent Williams 1.0 Preparation for and internal discussion re: actionable tasks and responsibilities with AS

27 7/26/19 Brent Williams 1.5 Review and comment on master task tracker and internal discussions

27 7/29/19 Brendan Murphy 0.7 Preparation for and Internal discussion re: case strategy and open issues

27 7/29/19 Brendan Murphy 0.9 Updated master task allocation matrix for team

27 7/29/19 Peter Gnatowski 0.3 Addressed various emails re: case strategy and outstanding analyses

27 7/29/19 Brent Williams 1.5 Preparation for and internal discussion re: actionable tasks and responsibilities

27 7/29/19 Naeem Muscatwalla 0.8 Preparation for and internal coordination regarding workstream responsibilities

27 7/29/19 Riley Jacobs 0.4 Update internal calendars and summarize future proceedings

27 7/30/19 Riley Jacobs 1.3 Internal folder and documentation organization re: work product and filings 

27 7/31/19 Alex Stevenson 0.8 Preparation for and internal discussion re: case strategy and open workstreams

27 7/31/19 Brendan Murphy 0.8 Updated master task allocation matrix for team and discussed internally

27 7/31/19 Riley Jacobs 0.6 Update internal calendars and summarize future proceedings

27 7/31/19 Peter Gnatowski 1.0 Reviewed outstanding workstreams; discussions with BM re: same

31 7/2/19 Alex Gebert 2.3 Prepare March fee application detail and supporting schedules for fee examiner

31 7/3/19 Riley Jacobs 0.8 Edits to supporting March fee application data and receipts

31 7/4/19 Peter Gnatowski 1.8 Reviewed fee application and supporting data and receipts for fee examiner for March fee application 

31 7/5/19 Riley Jacobs 3.2 Prepare review and consolidation of data for April fee application

31 7/5/19 Peter Gnatowski 2.6 Began review and drafting of April fee application

31 7/6/19 Peter Gnatowski 2.6 Further review of April fee application

31 7/6/19 Peter Gnatowski 0.8 Reviewed updated fee application data for fee examiner

31 7/7/19 Riley Jacobs 2.6 Prepare April fee application 

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 36

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

31 7/8/19 Brendan Murphy 0.5 Reviewed and emails with Fee Examiner re: supporting March fee application data 

31 7/10/19 Naeem Muscatwalla 1.0 April fee application preparation and analysis

31 7/12/19 Riley Jacobs 1.1 Continued review and drafting of April fee application

31 7/12/19 Peter Gnatowski 1.8 Edits to April fee application

31 7/15/19 Riley Jacobs 1.4 Internal communications and email re: April fee app

31 7/15/19 Riley Jacobs 2.1 Additional revisions to April fee application

31 7/15/19 Riley Jacobs 1.8 Internal communications and updates to April fee app (expenses)

31 7/15/19 Peter Gnatowski 2.5 Continued review and edits of April fee application; internal discussions re: same

31 7/15/19 Naeem Muscatwalla 0.6 April fee application preparation and analysis

31 7/16/19 Riley Jacobs 1.3 Prepare April fee application (expenses)

31 7/16/19 Riley Jacobs 0.9 Internal communications and emails re: fee app

31 7/16/19 Riley Jacobs 2.4 Additional edits to fee application

31 7/17/19 Riley Jacobs 2.7 Continued review of time and expense detail of April fee application

31 7/17/19 Peter Gnatowski 1.0 Additional edits to April fee application

31 7/19/19 Peter Gnatowski 0.8 Further edits to drafting April fee application

31 7/21/19 Alex Gebert 2.5 Assisted in review of April fee detail

31 7/22/19 Riley Jacobs 1.3 Edits to April fee application based on internal comments

31 7/22/19 Riley Jacobs 1.0 Internal communications and email re: fee app

31 7/22/19 Riley Jacobs 1.6 Additional review of April fee application and supporting schedules

31 7/22/19 Riley Jacobs 1.5 Prepared April fee application motion

31 7/22/19 Riley Jacobs 1.4 Review and edits of April fee application

31 7/22/19 Peter Gnatowski 2.1 Reviewed and comment to draft April fee application

31 7/23/19 Brendan Murphy 1.0 Reviewed and provided final comments to April fee application

31 7/23/19 Brendan Murphy 0.5 Reviewed final April fee application; emails with counsel

31 7/23/19 Riley Jacobs 1.8 Continued review and edits of April fee application

31 7/23/19 Riley Jacobs 2.1 Addressed additional comments from senior banker re: fee application

31 7/24/19 Riley Jacobs 1.7 Prepared and began review of fee detail for May fee application

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 37

of 38
Category Date Name Hours Description of Task(s)

EXHIBIT D

TIME DETAIL

FOR THE PERIOD JULY 1, 2019 THROUGH JULY 31, 2019

31 7/24/19 Riley Jacobs 1.5 Prepared and began review of expense detail for May fee application

31 7/25/19 Brendan Murphy 1.0 Reviewed supporting data to fee examiner and fee invoices for the Debtors

31 7/25/19 Peter Gnatowski 0.5 Reviewed and edits to fee application supporting schedules to fee examiner

31 7/25/19 Riley Jacobs 1.7 Populated fee examiner supporting data for fees and expenses (receipts)

31 7/26/19 Peter Gnatowski 2.0 Began drafting quarterly fee application

31 7/30/19 Peter Gnatowski 1.5 Reviewed May time detail for fee application

Case: 19-30088 Doc# 4211-4 Filed: 10/15/19 Entered: 10/15/19 14:42:05 Page 38

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