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UNITED STATES BANKRUPTCY COURT 

NORTHERN DISTRICT OF CALIFORNIA 

SAN FRANCISCO DIVISION 

In re: 

PG&E CORPORATION, 

 - and – 

PACIFIC GAS AND ELECTRIC 

COMPANY, 

 Debtors. 

 Affects PG&E Corporation 

 Affects Pacific Gas and Electric 

Company 

Affects both Debtors 

* All papers shall be filed in the Lead Case 

No. 19-30088 (DM).

Bankruptcy Case No. 19-30088 (DM) 

Chapter 11 

(Lead Case) 

(Jointly Administered 

CORRECTED FIRST MONTHLY FEE 

STATEMENT OF CENTERVIEW PARTNERS 

LLC FOR ALLOWANCE AND PAYMENT OF 

COMPENSATION AND REIMBURSEMENT OF 

EXPENSES FOR THE PERIOD FEBRUARY 15, 

2019 THROUGH FEBRUARY 28, 2019 

Objection Deadline: June 14, 2019 at 4:00 p.m. (PT)

[No hearing requested] 

To: The Notice Parties

Name of Applicant: 

Authorized to Provide Professional 

Services to: 

Date of Retention: 

Period for which compensation and 

reimbursement are sought: 

Amount of compensation sought as actual, 

reasonable, and necessary: 

Amount of expense reimbursement sought 

as actual, reasonable, and necessary: 

Centerview Partners LLC 

Investment Banker for the Official Committee of 

Unsecured Creditors 

May 16, 2019 nunc pro tunc to February 15, 2019 

February 15, 2019 through February 28, 2019 

$200,000.00 (80% of $250,000.00) 

$240.60 

Centerview Partners LLC (“Centerview” or the “Applicant”), the investment banker for the 

Official Committee of Unsecured Creditors (the “Committee”), hereby submits its First Monthly Fee 

Statement (this “Monthly Fee Statement”) for allowance and payment of compensation for professional 

services rendered and for reimbursement of actual and necessary expenses incurred for the period 

Case: 19-30088 Doc# 2221 Filed: 05/24/19 Entered: 05/24/19 14:31:09 Page 1 of

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commencing February 15, 2019 through February 28, 2019 (the “Fee Period”) pursuant to the Order 

Pursuant to 11 U.S.C §§ 331 and 105(a) and Fed. R. Bankr. P. 2016 for Authority to Establish 

Procedures for Interim Compensation and Reimbursement of Expenses of Professional dated February 

27, 2019 [Docket No. 701] (the “Interim Compensation Procedures Order”). 

By this Fee Statement, Centerview requests allowance and payment of $200,000.00 (80% of 

$250,000.00) as compensation for professional services rendered to the Committee during the Fee Period

and allowance and payment of $240.60 (representing 100% of the expenses allowed) as reimbursement 

for actual and necessary expenses incurred by Centerview during the Fee Period. 

Annexed hereto as Exhibit A hereto is a schedule for the Fee Period, setting forth the total 

amount of reimbursement sought in this Monthly Fee Statement. As reflected in Exhibit A, Centerview 

incurred $250,000.00 in fees during the Fee Period. Pursuant to this Monthly Fee Statement, Centerview

seeks reimbursement for 80% of remaining fees of $200,000.00. Additionally, Centerview seeks 

reimbursement for $240.60 of expenses. Attached hereto as Exhibit B is a schedule of the number of 

estimated hours expended by Centerview professionals during the Fee Period with respect to each of the

subject matter categories. The professionals of Centerview have expended an estimated total of 148.5 

hours in connection with these chapter 11 cases during the Fee Period. Attached hereto as Exhibit C is 

a detailed itemization of expenses Centerview is seeking reimbursement for in this Fee Statement. 

Attached hereto as Exhibit D is Centerview’s invoice for the Fee Period. 

Although every effort has been made to include all fees and expenses incurred in the Fee Period, 

some fees and expenses might not be included in this Monthly Fee Statement due to delays caused by 

accounting and processing during the Fee Period. Centerview reserves the right to make further 

application to this Court for allowance of such fees and expenses not included herein. Subsequent 

Monthly Fee Statements will be filed in accordance with the Bankruptcy Code, the Bankruptcy Rules, 

Bankruptcy Local Rules, and the Interim Compensation Order. 

 PLEASE TAKE FURTHER NOTICE that, in accordance with the Interim Compensation 

Case: 19-30088 Doc# 2221 Filed: 05/24/19 Entered: 05/24/19 14:31:09 Page 2 of

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Procedures Order, responses or objections to this Monthly Fee Statement, if any, must be filed and served 

on or before the 21st day (or the next business day if such day is not a business day) following the date 

the Monthly Fee Statement is served (the “Objection Deadline”) with this Court. 

PLEASE TAKE FURTHER NOTICE that upon the expiration of the Objection Deadline, the 

Applicant shall file a certificate of no objection with the Court, after which the Debtors are authorized 

and directed to pay the Applicant an amount equal to 80% of the fees and 100% of the expenses requested 

in this Monthly Fee Statement. If an objection is properly filed, the Debtors shall be authorized and

directed to pay the Applicant 80% of the fees and 100% of the expenses not subject to an objection. 

Dated: May 24, 2019 

Respectfully submitted, 

CENTERVIEW PARTNERS LLC 

By: /s/ Karn Chopra 

 

Investment Banker for the Official Committee of 

Unsecured Creditors

Case: 19-30088 Doc# 2221 Filed: 05/24/19 Entered: 05/24/19 14:31:09 Page 3 of

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A - 1 

EXHIBIT A 

Summary of Fees and Expenses for the Fee Period 

Total Fees Total Fees

Current Fee & Expenses & Expenses

Less: 20% (Net of Plus: (Net of (Incl. of

Period Total Fees Holdback Holdback) Expenses Holdback) Holdback)

2/15/2019-

2/28/2019

$250,000.00 ($50,000.00) $200,000.00 $240.60 $200,240.60 $250,240.60

Total Fee 

Period

$250,000.00 ($50,000.00) $200,000.00 $240.60 $200,240.60 $250,240.60

Case: 19-30088 Doc# 2221 Filed: 05/24/19 Entered: 05/24/19 14:31:09 Page 4 of

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B - 1 

EXHIBIT B 

Summary of Hours by Centerview Professionals for the Fee Period 

Sam Greene John Cogan Karn Chopra Willem Beer Whit Graham Michael Martynowicz 

Description Partner Partner Partner Managing Director Principal Associate 

Financial Analysis / Drafting Materials 1.0 – 2.0 – 9.0 12.5 Internal Coordination with Committee and Co-Advisors 5.0 6.5 11.0 9.5 12.0 15.0 Coordination with Debtor and its Advisors 3.0 3.0 3.0 3.0 3.0 2.0 Diligence – – – – 4.0 2.5 Chapter 11 Court Process – – 1.0 – 1.0 6.5 Travel – – – – – – Total 9.0 9.5 17.0 12.5 29.0 38.5 

Case: 19-30088 Doc# 2221 Filed: 05/24/19 Entered: 05/24/19 14:31:09 Page 

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C - 1 

EXHIBIT C 

SUMMARY OF EXPENSES 

Expense Type Date Name Description Amount

Transportation 02/20/2019 Michael Martynowicz OT Transportation 29.32

Transportation 02/21/2019 Nicholas Ulanoff OT Transportation 38.28

Transportation 02/25/2019 Nicholas Ulanoff OT Transportation 47.27

Transportation 02/27/2019 Nicholas Ulanoff OT Transportation 34.42

Transportation 02/28/2019 Willem Beer OT Transportation 17.16

Transportation $166.45

Meals 02/28/2019 Whit Graham OT Meal in Office 11.79

Meals 02/28/2019 Whit Graham OT Meal in Office 15.46

Meals $27.25

Communication 02/16/2019 Karn Chopra Wifi on Plane 20.95

Communication 02/23/2019 Karn Chopra Wifi on Plane 25.95

Communication $46.90

Total (Feb 15 - Feb 28) $240.60

 

Type Expenses

Transportation $166.45

Meals 27.25

Communication 46.90

Total Expenses (2/15/19-2/28/19) $240.60

Case: 19-30088 Doc# 2221 Filed: 05/24/19 Entered: 05/24/19 14:31:09 Page 6 of

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D - 1 

EXHIBIT D 

COPY OF INVOICE 

Case: 19-30088 Doc# 2221 Filed: 05/24/19 Entered: 05/24/19 14:31:09 Page 7 of

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Centerview Partners LLC 

31 West 52nd Street 

22nd Floor 

New York, NY 10019 

(212) 380-2650 

Tax ID: 20-0834979 

 

May 24, 2019 

Official Committee of Unsecured Creditors 

of PG&E Corporation and Pacific Gas and 

Electric Company 

c/o Milbank LLP 

55 Hudson Yards 

New York, NY 10001 

Attention: Cynthia Wong 

 

INVOICE # 1736.05.24.2019 

Monthly Advisory Fee per paragraph 2(a) of the engagement 

 letter dated February 15, 2019:

 February: $ 250,000.00

 Out-of-pocket expenses: 240.60

 Total $ 250,240.60

 

Wire Instructions: 

 Account Name: Centerview Partners LLC 

 Account #: 95331450 

 Bank: Citibank NA 

 ABA #: 021000089 

 Bank Address: 153 East 53rd St, New York, NY 10022 

 Contact: Accounting (212) 429-2435 

 

Case: 19-30088 Doc# 2221 Filed: 05/24/19 Entered: 05/24/19 14:31:09 Page 8 of

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Notice Parties 

PG&E Corporation 

c/o Pacific Gas & Electric Company 

Attn: Janet Loduca, Esq. 

77 Beale Street 

San Francisco, CA 94105 

Weil, Gotshal & Manges LLP 

Attn: Stephen Karotkin, Esq. 

Jessica Liou, Esq. 

Matthew Goren, Esq. 

767 Fifth Avenue 

New York, NY 10153-0119 

Keller & Benvenutti LLP 

Attn: Tobias S. Keller, Esq. 

 Jane Kim, Esq 

650 California Street, Suite 1900 

San Francisco, CA 94108 

The Office of the United States Trustee for Region 17 

Attn: James L. Snyder, Esq. 

 Timothy Laffredi, Esq.); 

450 Golden Gate Avenue, 5th Floor, Suite #05-0153 

San Francisco, CA 94102 

Baker & Hostetler LLP 

 Attn: Eric Sagerman, Esq. and 

Cecily Dumas, Esq. 

11601 Wilshire Boulevard, Suite 1400 

Los Angeles, CA 90025-0509 

Case: 19-30088 Doc# 2221 Filed: 05/24/19 Entered: 05/24/19 14:31:09 Page 9 of

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