EXHIBIT E

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 1

of 155
Category Date Name Hours Description of Task(s)

3 6/2/19 Peter Gnatowski 1.8 Edits to waterfall and return analysis based on internal comments

3 6/2/19 Peter Gnatowski 2.1 Additional edits to waterfall analysis

3 6/3/19 Brendan Murphy 1.1 Review and comments to waterfall analysis / presentation for Committee

3 6/3/19 Brent Williams 1.7 Review and comment on waterfall analysis 

3 6/3/19 Brent Williams 1.6 Review and comment on capex analysis

3 6/3/19 Peter Gnatowski 0.8 Edits to capital expenditure analysis

3 6/4/19 Brent Williams 1.4 Review and comment on updated waterfall and capex analyses

3 6/4/19 Peter Gnatowski 1.2 Reviewed updated capex analysis; comments with RJ re: same

3 6/4/19 Peter Gnatowski 0.5 Further review and comments on capex analysis 

3 6/4/19 Riley Jacobs 1.6 Research historical and projected capex spend

3 6/4/19 Riley Jacobs 1.9 Created analysis and summary of historical and projected capex spend

3 6/4/19 Riley Jacobs 2.1 Additional revisions to capex analysis based on internal comments

3 6/4/19 Riley Jacobs 1.5 Further edits and additions to capex overview

3 6/5/19 Brendan Murphy 1.5 Review and comments to waterfall analysis / presentation for Committee

3 6/5/19 Brendan Murphy 1.4 Analysis and diligence re: capital expenditures

3 6/5/19 Brent Williams 3.6 Review and comment on updated waterfall analysis for TCC

3 6/5/19 Peter Gnatowski 1.1 Additional edits to Capex analysis; internal emails re: same

3 6/5/19 Peter Gnatowski 1.8 Reviewed various documents re: historical and projected capex from Debtors

3 6/6/19 Naeem Muscatwalla 0.9 Discuss and update relevant bond pricing details

3 6/7/19 Brendan Murphy 2.3 Review and comments to waterfall analysis and related presentation

3 6/7/19 Brent Williams 1.6 Review and comments on waterfall analysis and presentation

3 6/7/19 Peter Gnatowski 2.1 Edits to waterfall analysis based on updated assumptions and internal comments

3 6/7/19 Peter Gnatowski 1.7 Edits to equity waterfall analysis based on comments from BW

3 6/8/19 Brendan Murphy 2.3 Review and comments to updated waterfall analysis 

3 6/8/19 Brent Williams 1.2 Review and comment on waterfall and recovery analysis 

3 6/10/19 Alex Gebert 2.2 Researched and summarized Debtors' cost savings initiatives

3 6/10/19 Alex Gebert 1.4 Review of financial impact of cost savings in latest forecast

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

3 6/10/19 Brendan Murphy 1.9 Review and comments to equity waterfall analysis and related presentation

3 6/10/19 Brent Williams 1.5 Review financial model and related equity waterfall analysis

3 6/10/19 Naeem Muscatwalla 1.6 Research on PG&E bond prices and internal circulation of summary

3 6/10/19 Naeem Muscatwalla 1.5 Refresh to bond pricing details and relevant analysis

3 6/11/19 Alex Gebert 2.0 Updates to waterfall analysis per discussion of TCC terms

3 6/11/19 Brendan Murphy 1.3 Review and comments on latest waterfall analysis for presentation to TCC

3 6/11/19 Matt Merkel 2.2 Reviewed bond pricing summary data

3 6/14/19 Alex Gebert 2.0 Lookback and analysis of Debtors' NOL amounts, disclosures, and treatment

3 6/14/19 Alex Gebert 0.5 Emails and summary re: Debtors' NOL 

3 6/14/19 Peter Gnatowski 1.4 Reviewed and researched PG&E NOLs; emails re: same

3 6/17/19 Brendan Murphy 1.8 Review and comments to Waterfall Analysis / Presentation for Counsel/Committee

3 6/17/19 Peter Gnatowski 1.8 Edits to waterfall analysis based on comments from BW

3 6/17/19 Peter Gnatowski 1.7 Additional edits to waterfall analysis based on commented from AS and BM

3 6/18/19 Alex Stevenson 0.5 Review amended waterfall analysis and comment

3 6/18/19 Brendan Murphy 1.7 Additional review and comment of waterfall presentation 

3 6/18/19 Brent Williams 1.8 Review and comment on presentations on waterfall and recovery

3 6/18/19 Peter Gnatowski 2.5 Reviewed and edited updated waterfall analysis from AG and related presentation

3 6/18/19 Peter Gnatowski 2.4 Additional edits to waterfall analysis based on comments from AS

3 6/19/19 Peter Gnatowski 1.8 Additional edits to waterfall analysis based on internal comments

3 6/20/19 Naeem Muscatwalla 2.1 Refresh to bond pricing details and relevant analysis

3 6/25/19 Peter Gnatowski 0.5 Reviewed analysis from junior banker re: make-whole for bondholders

3 6/26/19 Brent Williams 1.3 Review and comment on updated make-whole analysis and financial model 

3 6/26/19 Matt Merkel 2.5 Updated makes whole claims analysis based on internal discussions

3 6/26/19 Peter Gnatowski 0.8 Reviewed updated make-whole analysis from junior banker; comments re: same

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

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of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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

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 Brendan Murphy 1.4 Review of Financial Analysis re: declaration for counsel

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

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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 Peter Gnatowski 2.5 Research on PG&E securities disclosures for declaration

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 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 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

3 8/1/19 Naeem Muscatwalla 1.9 Research on historical bond trading price and volume

3 8/2/19 Matt Merkel 1.4 Updated EBITDA analysis based on actual results 

3 8/2/19 Zack Stone 1.3 Summarize various June monthly reports provided by the Debtors

3 8/3/19 Zack Stone 2.2 Summarize historical financial reporting and related disclosure documents

3 8/6/19 Brent Williams 0.7 Reviewed draft analysis of financial earnings; internal discussions

3 8/6/19 Matt Merkel 0.5 Reviewed earnings presentation template and provided comments

3 8/7/19 Alex Gebert 3.0 Draft key slides for PGE latest financial results and earnings

3 8/7/19 Alex Gebert 1.7 Review and analyze analyst reports and GRC re: upcoming earnings release

3 8/7/19 Brendan Murphy 0.8 Review and comments to updated waterfall analysis for Counsel

3 8/7/19 Erik Ellingson 1.4 Review and prepare for upcoming Utility Earnings Release

3 8/7/19 Matt Merkel 0.7 Reviewed draft of earnings release deck template

3 8/7/19 Naeem Muscatwalla 2.0 Research on historical bond detail for PG&E

3 8/8/19 Alex Gebert 0.5 Circulate and summarize internal analysis re: PG&E financials

3 8/8/19 Alex Gebert 1.2 Prepare for and summarize key items/factors for upcoming Q2 earnings release

3 8/8/19 Alex Gebert 3.5 Created TCC Presentation and related analysis re: Q2 Earnings release 

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

3 8/8/19 Erik Ellingson 2.7 Earning release guidance review from analysts

3 8/8/19 Erik Ellingson 3.5 Earning release from PG&E review and internal evaluation

3 8/8/19 Peter Gnatowski 1.1 Reviewed and commented on updated equity holders analysis 

3 8/9/19 Alex Gebert 0.4 Internal communications re: earnings summary and presentation

3 8/9/19 Alex Gebert 2.2 Drafted summary presentation on Q2 earnings release 

3 8/9/19 Alex Gebert 1.5 Review and analyze PG&E share price volatility 

3 8/9/19 Alex Gebert 2.2 Draft Q2 2019 earnings report summary presentation

3 8/9/19 Alex Gebert 2.0 Additional edits to Q2 2019 earnings report summary presentation 

3 8/9/19 Alex Gebert 0.5 Edits to Adj. EBITDA analysis based on earnings

3 8/9/19 Alex Stevenson 0.4 Review and analyze earnings release

3 8/9/19 Brendan Murphy 1.1 Review of PG&E Q2 Earnings Release (Press Release)

3 8/9/19 Brendan Murphy 2.8 Review of PG&E Q2 Earnings Presentation and 10Q (Detailed Financial Results)

3 8/9/19 Erik Ellingson 2.1 Financial Analysis - EBITDA reconciliation relative to historical (additional 8-k analysis)

3 8/9/19 Erik Ellingson 1.2 Earning report summary review and comment

3 8/9/19 Erik Ellingson 2.5 Stock Analysis and Equity research review of PG&E

3 8/9/19 Matt Merkel 1.9 Reviewed earnings release

3 8/9/19 Matt Merkel 1.6 Drafted content for earnings release summary

3 8/9/19 Matt Merkel 2.3 Reviewed earnings release analysis and provided edits, and internal communication

3 8/9/19 Naeem Muscatwalla 0.6 Research previous capital raise information for PG&E

3 8/9/19 Naeem Muscatwalla 1.5 Review and prepare analysis of Debtor's Q2 earnings report

3 8/9/19 Peter Gnatowski 0.6 Reviewed Q2 financial results; internal comments re: observations and analysis

3 8/9/19 Zack Stone 2.1 Updated preferred equity analysis 

3 8/10/19 Alex Gebert 2.4 Prepared comparison analysis of PG&E earnings to prior periods

3 8/10/19 Alex Gebert 2.2 Analyzed earnings release and compared to equity analyst projections 

3 8/10/19 Alex Gebert 0.8 Prepared for and participated in internal discussions re: analyses of earnings release

3 8/10/19 Alex Gebert 2.2 Edits to earnings report summary presentation based on discussion (content)

3 8/10/19 Alex Gebert 1.8 Additional edits to earnings report summary (formatting)

3 8/10/19 Matt Merkel 1.5 Made additional direct edits to earnings release summary

3 8/10/19 Matt Merkel 1.1 Reviewed and provided edits on earning release summary

3 8/10/19 Matt Merkel 1.3 Formatting and content changes to earnings release summary

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of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

3 8/10/19 Naeem Muscatwalla 2.9 Research on capital structure of other California Utilities

3 8/10/19 Peter Gnatowski 2.7 Reviewed and modify preferred equity analysis

3 8/11/19 Brendan Murphy 2.3 Review and comment on earnings summary presentation and analysis

3 8/11/19 Riley Jacobs 1.4 Prepared financial analysis based on earnings as requested by senior banker

3 8/12/19 Brendan Murphy 1.1 Addition review and comment of summary presentation of Q2 earnings release

3 8/12/19 Matt Merkel 0.3 Researched and responded to question on DIP from senior bankers

3 8/12/19 Peter Gnatowski 1.0 Reviewed various analysis and comparables re: equity offerings

3 8/12/19 Sherman Guillema 0.5 Review of revised presentation / analysis on financing comps

3 8/13/19 Naeem Muscatwalla 1.5 Research credit terms of comparable bonds

3 8/13/19 Naeem Muscatwalla 2.8 Research on YTW of comparable bonds

3 8/13/19 Naeem Muscatwalla 1.3 Internal coordination regarding financing comps and edits to comps

3 8/13/19 Naeem Muscatwalla 3.2 Revision to presentation / analysis on financing comps

3 8/13/19 Naeem Muscatwalla 0.8 Research fees on comparable bankruptcy cases

3 8/13/19 Naeem Muscatwalla 0.8 Prepared analysis of Debtor's current shareholders and debt holders

3 8/13/19 Peter Gnatowski 1.8 Reviewed and commented on insurance related analysis and diligence prepared by junior banker for counsel

3 8/13/19 Sherman Guillema 0.5 Internal coordination regarding financing comps

3 8/13/19 Sherman Guillema 2.0 Review of materials regarding comparable bond issues and relevant metrics

3 8/13/19 Sherman Guillema 0.6 Research on precedent backstop fees for similar cases

3 8/14/19 Brent Williams 1.5 Review and comment on financial update to TCC re: earnings 

3 8/16/19 Erik Ellingson 2.7 Research and analyze debt and equity prices of PG&E based on recent court rulings

3 8/16/19 Erik Ellingson 1.9 Equity Research review - downgrades and updated research ratings

3 8/19/19 Naeem Muscatwalla 2.3 Researched and review equity research analysis

3 8/19/19 Peter Gnatowski 1.4 Comments to updated waterfall analysis 

3 8/19/19 Peter Gnatowski 0.5 Updates to preferred equity analysis; internal discussions with junior team re: changes

3 8/19/19 Riley Jacobs 2.0 Research and summarize equity price volatility

3 8/19/19 Sherman Guillema 1.4 Reviewed analyst research reports

3 8/20/19 Brent Williams 1.5 Review financial model and claims treatment

3 8/20/19 Erik Ellingson 2.2 CARE Program analysis and rate reduction impact on financials

3 8/20/19 Peter Gnatowski 2.0 Edits to waterfall analysis for plan proposals based on comments from BW

3 8/20/19 Peter Gnatowski 1.2 Reviewed updated analysis of preferred equity; edits re: same

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of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

3 8/20/19 Riley Jacobs 2.3 Review equity research reports on PGE

3 8/21/19 Alex Gebert 1.5 Research equity price volatility and key developments

3 8/21/19 Brendan Murphy 1.9 Review and comment on Q2 Earnings Presentation for TCC

3 8/21/19 Brent Williams 1.0 Review equity research summary and analysis

3 8/23/19 Erik Ellingson 1.4 Reviewed and summarized equity research reports

3 8/25/19 Erik Ellingson 2.4 Historical ROE metrics, and underlying drivers analysis

3 8/25/19 Peter Gnatowski 2.4 Various edits to waterfall analysis based on discussions with internal team members

3 8/27/19 Sherman Guillema 1.3 Reviewed crediting rating discussion materials

3 8/27/19 Zack Stone 0.5 Preparation and participation in internal discussions related to equity research analysis

3 8/28/19 Alex Gebert 1.0 Summary of latest SEC 8-k holding filing and circulate to team re: the same

3 8/28/19 Brendan Murphy 1.1 Financial analysis for Counsel re: TCC Committee request of recovery scenarios

3 8/28/19 Brendan Murphy 1.0 Review of PG&E Q2 Earnings Presentation (Detailed Financial Results)

3 8/28/19 Zack Stone 1.1 Research utility bond pricing and holders

3 8/29/19 Alex Gebert 1.3 Preparation for and internal discussion re: business plan operating model

3 8/29/19 Alex Gebert 0.8 Upload and input cost of capital tabs in operating model

3 8/29/19 Brendan Murphy 0.8 Review of team research re: Mandatory Preferred Equity Structure

3 8/29/19 Peter Gnatowski 1.8 Reviewed latest financial model draft

3 8/29/19 Zack Stone 1.2 Research comparable preferred equity structures

3 8/29/19 Zack Stone 2.2 Additional research and anlysis on comparable preferred equity structures 

3 8/30/19 Alex Gebert 3.5 Further setup of cost of capital analysis in operating model (electric, gas, combined)

3 9/1/19 Alex Gebert 0.9 Revised operating model based on internal communications 

3 9/2/19 Matt Merkel 1.1 Researched responses to capital structure questions from senior banker

3 9/3/19 Alex Gebert 1.2 Review of operating model and inputs

3 9/3/19 Alex Gebert 2.9 Update operating model for capital structure assumptions to Electric and Gas Comparables

3 9/3/19 Alex Gebert 1.2 Additional updates to operating model for free cash flow generation assumptions

3 9/3/19 Alex Gebert 0.6 Review hedging report and internal discussion/notes re: the same

3 9/3/19 Alex Gebert 0.5 Review exchange report and internal discussion/notes re: the same

3 9/3/19 Brent Williams 2.0 Review financial models and recapitalization scenarios

3 9/3/19 Matt Merkel 1.1 Prepared for and discussed capital structure summary with senior banker

3 9/3/19 Matt Merkel 1.7 Made direct edits to capital structure summary materials

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of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

3 9/3/19 Matt Merkel 1.9 Reviewed cash flow analysis from junior bankers

3 9/3/19 Sherman Guillema 2.2 Review, discussion and comment on materials re: capital structure authorization

3 9/4/19 Erik Ellingson 0.8 Review and summarize hedging report

3 9/4/19 Erik Ellingson 0.4 Review and summarize exchange motion

3 9/4/19 Naeem Muscatwalla 2.5 Research, review and distribution of sell-side research on PG&E re: value analysis

3 9/5/19 Alex Gebert 1.6 Prepare cash flow analysis in operating model

3 9/5/19 Zack Stone 1.0 Summarize relevant industry equity research reports

3 9/5/19 Zack Stone 1.2 Research preferred equity structures - case study 1

3 9/5/19 Zack Stone 1.0 Update equity research report presentation for internal comments

3 9/6/19 Brent Williams 2.1 Review and comment on updated operating model

3 9/6/19 Peter Gnatowski 0.9 Reviewed and commented to analysis of preferred equity structure comparable

3 9/6/19 Sherman Guillema 2.5 Review and comments on revised financial model

3 9/6/19 Zack Stone 1.0 Research preferred equity structures 

3 9/7/19 Brent Williams 1.0 Review financial model on plan alternatives

3 9/7/19 Matt Merkel 3.5 Made edits to financial operating model

3 9/9/19 Matt Merkel 2.2 Made edits to financial operating model

3 9/9/19 Riley Jacobs 2.3 Review and revise sources and uses in model

3 9/10/19 Alex Gebert 1.0 Read, circulate, and review Debtors' diligence responses re: segment level reporting

3 9/10/19 Riley Jacobs 2.0 Review model- rate case and revenue build up

3 9/10/19 Riley Jacobs 1.8 Review model- regulatory assumptions

3 9/11/19 Alex Gebert 0.9 Analysis of Debtor IB fee as requested by counsel

3 9/11/19 Brendan Murphy 0.8 Analysis of Lazard's fees re: Debtors' POR

3 9/11/19 Brendan Murphy 1.4 Review and comment on updated waterfall analysis for TCC

3 9/11/19 Peter Gnatowski 1.1 Reviewed Debtors professionals fee analysis

3 9/12/19 Erik Ellingson 1.1 Operation integrity and Supplier Review

3 9/12/19 Matt Merkel 2.4 Made edits to financial operating model

3 9/12/19 Riley Jacobs 0.9 Review Operational integrity and shipper warehouse lien

3 9/12/19 Riley Jacobs 1.4 Review historical positioning for member(s) of PGE shareholder group for Counsel

3 9/13/19 Brendan Murphy 0.7 Review and comments to rate base analysis for Counsel

3 9/13/19 Brent Williams 1.0 Internal communication re: third party holding research

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of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

3 9/13/19 Matt Merkel 1.8 Made edits to financial operating model re: CoC

3 9/13/19 Matt Merkel 3.0 Made edits to financial operating model re: financial forecast

3 9/13/19 Naeem Muscatwalla 1.0 Internal coordination related to sell-side research analysis

3 9/13/19 Peter Gnatowski 1.2 Reviewed and commented on presentation of equity research observations 

3 9/13/19 Peter Gnatowski 2.5 Revised presentation re: equity research and other value related observations; internal discussions re: same

3 9/13/19 Peter Gnatowski 1.6 Reviewed various equity research reports for PG&E 

3 9/13/19 Peter Gnatowski 1.8 Reviewed various equity research reports for other CA utilities

3 9/13/19 Peter Gnatowski 0.3 Reviewed operational integrity supplier report and internal observations

3 9/13/19 Riley Jacobs 2.3 Review equity research reports on PGE

3 9/13/19 Riley Jacobs 2.1 Draft presentation from equity research reports re: valuation methodologies and internal discussions

3 9/13/19 Riley Jacobs 2.2 Review operating model- regulatory assumptions

3 9/13/19 Riley Jacobs 1.1 Edits to summary of equity research reports 

3 9/13/19 Sherman Guillema 3.0 Review and provide comments on financial model

3 9/13/19 Zack Stone 1.5 Equity research report analysis re: historical PG&E reports

3 9/13/19 Zack Stone 1.7 Prepare historical rate base analysis

3 9/13/19 Zack Stone 2.5 Equity research report analysis re: historical selected public company reports

3 9/14/19 Brendan Murphy 2.0 Reviewed amended internal financial model and assumption change(s)

3 9/14/19 Peter Gnatowski 1.2 Incorporated additional edits to the equity research and value presentation

3 9/14/19 Peter Gnatowski 0.6 Various internal correspondence re: subrogation holders; research re: same

3 9/15/19 Brendan Murphy 1.6 Reviewed and commented on presentation of historical research reports analysis 

3 9/16/19 Brendan Murphy 1.8 Internal comments and changes to the waterfall model

3 9/16/19 Matt Merkel 1.2 Reviewed and commented on updated waterfall analysis

3 9/16/19 Matt Merkel 2.8 Made edits to financial operating model re: financial forecast

3 9/16/19 Riley Jacobs 1.8 Review of operating model re: debt assumptions and schedule

3 9/16/19 Zack Stone 0.5 Equity research report analysis re: review recent PGE reports

3 9/17/19 Matt Merkel 3.0 Made edits to financial operating model re: financial forecasts & Debtor business plan assumptions

3 9/18/19 Alex Gebert 2.3 Updated debtor IB fee analysis for counsel

3 9/18/19 Brendan Murphy 1.4 Internal comments and changes to the waterfall model

3 9/18/19 Brent Williams 0.7 Reviewed and commented on updated waterfall analysis

3 9/19/19 Alex Gebert 2.2 Edits to make-whole analysis

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of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

3 9/19/19 Alex Gebert 2.0 Prepared summary presentation of Debtor professional fees

3 9/19/19 Matt Merkel 1.9 Researched credit markets considerations for similar transactions

3 9/19/19 Peter Gnatowski 0.5 Reviewed and commented on updated analysis of professional transaction fees in Debtors' plan

3 9/20/19 Alex Gebert 2.5 Updates to make-whole analysis

3 9/20/19 Alex Gebert 1.5 Further diligence/edits to Lazard fee analysis

3 9/20/19 Brendan Murphy 0.9 Review of Lazard fee analysis, as requested by Counsel

3 9/20/19 Brent Williams 1.5 Review financial models regarding plan trust

3 9/20/19 Erik Ellingson 1.7 Stock Analysis/response and equity research review pending exclusivity termination

3 9/20/19 Matt Merkel 1.6 Reviewed updates to make whole premium analysis

3 9/20/19 Peter Gnatowski 1.4 Reviewed and provided internal comments to junior bankers on bond make-whole analysis

3 9/20/19 Peter Gnatowski 1.1 Reviewed Debtors' IB retention motion and order; updated fee analysis re; same

3 9/20/19 Riley Jacobs 2.5 Review model and assumptions re: post bankruptcy adjustments

3 9/20/19 Riley Jacobs 2.0 Review model re: DIP payments and emergence fees

3 9/20/19 Sherman Guillema 0.9 Conducted research and review materials regarding make-whole premiums

3 9/21/19 Matt Merkel 2.0 Updates to operating model based on senior banker feedback

3 9/22/19 Matt Merkel 1.4 Made edits to PGE operating model re: interest rates

3 9/22/19 Matt Merkel 2.0 Made edits to PGE operating model re: various operating assumptions

3 9/22/19 Matt Merkel 3.0 Made edits to PGE operating model re: sensitivity

3 9/22/19 Matt Merkel 2.9 Made edits to PGE operating model re: various operating assumptions

3 9/23/19 Alex Stevenson 1.3 Review summary and detailed shareholder 2019 statement

3 9/23/19 Brendan Murphy 0.6 Review of updated 2019 summary of holdings

3 9/23/19 Erik Ellingson 1.4 Equity research to prepare for discussion around potential financing commitments

3 9/23/19 Peter Gnatowski 0.6 Reviewed equity holder disclosure filed by Jones Day; internal discussions re: updating analysis

3 9/23/19 Peter Gnatowski 0.6 Reviewed and commented to shareholder and subrogation holders analysis

3 9/23/19 Riley Jacobs 1.4 Internal communications and assistance on rule 2019 summary updates

3 9/23/19 Sherman Guillema 2.8 Reviewed and provided comments to junior bankers on operating model

3 9/23/19 Zack Stone 0.5 Preparation for and internal discussion re: equity/subro holders analysis

3 9/23/19 Zack Stone 2.5 Prepare equity holders analysis

3 9/23/19 Zack Stone 2.0 Draft equity/subro holders presentation

3 9/23/19 Zack Stone 2.6 Address internal comments re: equity/subro holders analysis presentation

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of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

3 9/23/19 Zack Stone 1.0 Review relevant equity research reports

3 9/24/19 Alex Gebert 1.3 Review updated shareholder and subrogation claim holder listing

3 9/24/19 Brendan Murphy 1.0 Review of updated 2019 summary and analysis of holdings

3 9/24/19 Matt Merkel 1.1 Made edits to PGE operating model re: financial forecasts

3 9/24/19 Matt Merkel 1.0 Prepared for and discussed operating model with senior banker

3 9/24/19 Peter Gnatowski 1.7 Reviewed, commented, and provided summary on updated shareholder and subrogation holder analysis 

3 9/24/19 Sherman Guillema 1.2 Preparation for and internal discussion re: operating model

3 9/25/19 Alex Gebert 0.3 Review operational integrity and shipper warehouse lien filing

3 9/25/19 Brendan Murphy 1.8 Scenario analysis and updated waterfall for Counsel

3 9/25/19 Erik Ellingson 0.9 Operational Integrity and Warehouse Lien Reporting Review

3 9/25/19 Matt Merkel 2.5 Made edits to PGE operating model based on new capital structure assumptions

3 9/25/19 Riley Jacobs 0.8 Review Operational integrity and shipper warehouse lien filing

3 9/25/19 Sherman Guillema 0.6 Review and analysis and of Subro group holdings for counsel

3 9/25/19 Sherman Guillema 0.7 Review of updated 2019 summary of holdings and analysis

3 9/26/19 Alex Gebert 2.2 Analysis of pro forma financial impact of plan proposals

3 9/26/19 Matt Merkel 2.1 Made edits to PGE operating model re: various operating assumptions

3 9/27/19 Alex Stevenson 0.5 Review responses to diligence and email with MM re model implications

3 9/27/19 Matt Merkel 3.6 Made edits to operating model re: various operating assumptions

3 9/27/19 Matt Merkel 1.0 Prepared for an reviewed operating model with senior banker

3 9/27/19 Naeem Muscatwalla 2.2 Revisions to operating model re: senior banker feedback

3 9/27/19 Naeem Muscatwalla 0.9 Internal coordination regarding operating model

3 9/27/19 Riley Jacobs 1.6 Review and revise assumptions in operating model re: rate case increases

3 9/27/19 Riley Jacobs 2.7 Review regulatory component of operating model

3 9/27/19 Sherman Guillema 2.1 Review and discussion of exit scenarios for financial model

3 9/29/19 Matt Merkel 2.2 Made edits to PGE operating model re: senior banker feedback

3 9/29/19 Matt Merkel 2.0 Made edits to PGE operating model re: various operating assumptions

3 9/30/19 Alex Gebert 0.6 Review August hedging report

3 9/30/19 Alex Gebert 0.5 Review August exchange motion report

3 9/30/19 Alex Gebert 1.9 Review equity analyst report

3 9/30/19 Alex Gebert 2.3 Review PGE 2001 bankruptcy for case precedents re: value

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 12

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

3 9/30/19 Matt Merkel 2.6 Made edits to PGE operating model re: various operating assumptions

3 9/30/19 Peter Gnatowski 2.3 Reviewed updated financial model based on new information provided by the Debtors

3 9/30/19 Peter Gnatowski 0.4 Reviewed hedging and exchange motion reporting; reviewed observations from junior banker

3 9/30/19 Zack Stone 0.6 Review relevant equity research reports re: value analysis

4 6/3/19 Alex Gebert 2.4 Analyze and prepare 13-week cash flow variance report

4 6/3/19 Alex Gebert 1.5 Compare updated 13-week cash flow variance report to prior forecast

4 6/3/19 Brendan Murphy 1.0 Review of 13wk CF / DIP variance reporting package from Debtor

4 6/3/19 Brendan Murphy 0.5 Reviewed and comment on questions re: 13wcf / DIP reporting

4 6/3/19 Peter Gnatowski 1.7 Reviewed comparison and analysis on updated DIP 13wcf; emails with junior banker re: same

4 6/3/19 Peter Gnatowski 0.7 Drafted questions / observations on latest DIP 13wcf

4 6/3/19 Peter Gnatowski 1.2 Reviewed responses from Debtors on 13wcf questions; update 13wcf presentation re: Debtors comments

4 6/3/19 Riley Jacobs 1.8 Review and summarize Debtor MOR

4 6/4/19 Alex Stevenson 0.1 Review latest DIP reforecast and related analysis

4 6/4/19 Brendan Murphy 1.8 Review and comments to bi-weekly reporting summary and MOR analysis for Committee

4 6/4/19 Peter Gnatowski 1.8 Reviewed April MOR and MOR presentation prepared by RJ; comments re: same

4 6/4/19 Peter Gnatowski 1.8 Further edits to TCC presentation on DIP and MOR reports

4 6/4/19 Peter Gnatowski 1.2 Reviewed and comment on combined presentation for TCC re: DIP and MOR

4 6/7/19 Alex Gebert 0.9 Review DIP/13wcf variance report

4 6/7/19 Brendan Murphy 0.6 Review of DIP variance reporting package from Debtor

4 6/10/19 Alex Gebert 0.3 Draft questions and internal discussion re: 13wcf variance

4 6/10/19 Alex Gebert 1.6 Prepare 13wcf variance analysis

4 6/10/19 Peter Gnatowski 0.8 Reviewed Debtors' DIP forecast re: liquidity projections

4 6/14/19 Peter Gnatowski 1.5 Reviewed bi-weekly 13 week cash flow report; drafted questions and observations

4 6/24/19 Brendan Murphy 1.0 Review and analysis of DIP 13 wcf reporting documents via data room; emails

4 6/24/19 Peter Gnatowski 1.1 Reviewed 13 week cash flow report from Debtors

4 6/25/19 Alex Gebert 1.5 Review 13wcf and update diligence items

4 6/25/19 Riley Jacobs 1.2 Review DIP variance report

4 6/26/19 Peter Gnatowski 1.1 Reviewed and comment on questions re: 13wcf / DIP reporting

4 6/27/19 Alex Gebert 1.9 Further review of latest 13wcf and variance analysis compared to prior forecast

4 6/27/19 Alex Gebert 3.5 Update 13wcf monitoring deck and related commentary for committee

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 13

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

4 6/27/19 Alex Gebert 2.3 Review and draft diligence re: May 2019 MOR and 13wcf

4 6/27/19 Brendan Murphy 1.4 Review and analysis of DIP Reporting documents via data room

4 6/27/19 Brendan Murphy 0.9 Created and amended due diligence questions for Company re: cash flow report

4 6/27/19 Brendan Murphy 1.5 Reviewed May MOR and related analysis

4 6/27/19 Peter Gnatowski 0.6 Reviewed draft presentation on DIP and MOR reporting; comments with junior team re: same

4 6/27/19 Riley Jacobs 1.2 Review and edit MOR presentation

4 6/28/19 Brendan Murphy 0.8 Created and amended additional due diligence questions for Company re: cash flow report

4 6/28/19 Brendan Murphy 1.2 Review and comment to MOR presentation 

4 6/28/19 Peter Gnatowski 0.8 Reviewed May MOR; discussions with AG re: analysis and summary

4 6/28/19 Peter Gnatowski 1.5 Reviewed and edit latest 13wcf variance presentation from AG

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 7/2/19 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 7/3/19 Alex Gebert 2.5 Edits to 13wcf presentation based on internal comments

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

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

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

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 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 7/8/19 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 7/9/19 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

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 14

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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

4 8/5/19 Alex Gebert 1.6 Review bi-weekly CF variance report provided by Debtor

4 8/5/19 Brendan Murphy 0.7 Review of Bi-Weekly Cash Flow Variance Report 

4 8/6/19 Alex Gebert 1.8 Update internal analysis for Debtors' latest 13wcf

4 8/6/19 Alex Gebert 0.9 Update internal analysis for Debtors' latest CF variance report

4 8/6/19 Alex Gebert 1.1 Compare prior 13wcf to latest 13wcf forecast

4 8/6/19 Alex Gebert 0.9 Review of Debtors' liquidity relative to plan

4 8/6/19 Alex Gebert 2.0 Update presentation re: to 13wcf and CF variance

4 8/6/19 Brent Williams 1.0 Review and comment on 13wcf presentation

4 8/6/19 Peter Gnatowski 1.6 Reviewed and commented on 13wcf variance and analysis presentation from AG

4 8/6/19 Peter Gnatowski 1.8 Edits to updated 13wcf presentation 

4 8/6/19 Peter Gnatowski 0.8 Reviewed bi-weekly cash flow reporting from the Debtors

4 8/8/19 Brendan Murphy 0.8 Review of 13wk CF / DIP variance analysis

4 8/8/19 Brendan Murphy 0.7 Review and comments to presentation re: CF analysis and liquidity

4 8/8/19 Peter Gnatowski 1.1 Addressed comments from BM re: 13wcf analysis and presentation 

4 8/11/19 Riley Jacobs 0.8 Review internal presentation on 13wcf based on questions from senior banker

4 8/15/19 Alex Gebert 0.7 Review and analysis of June MOR

4 8/15/19 Alex Gebert 0.8 Prepared analysis of third-party claims on June MOR relative to previous claims recognition 

4 8/15/19 Brendan Murphy 0.9 Review of Monthly Operating Report for June 2019 

4 8/15/19 Erik Ellingson 1.9 Monthly Operating Report review and prepared summary from financial perspective; coordination with junior 

banker

4 8/15/19 Peter Gnatowski 1.2 Reviewed and commented on June MOR analysis and presentation

4 8/16/19 Brent Williams 1.5 Review June MOR and related summary re: changes

4 8/19/19 Alex Gebert 0.6 Review and circulate Debtors' DIP/13WCF variance reporting package

4 8/19/19 Brendan Murphy 0.9 Reviewed DIP/Liquidity reporting from the Debtors

4 8/19/19 Peter Gnatowski 0.8 Reviewed 8/16 DIP reporting package; internal comments re: same

4 8/20/19 Brendan Murphy 1.3 Review and comment on 13wk CF / DIP analysis and drafted questions

4 8/21/19 Alex Gebert 2.0 Prepared variance analysis based on Debtors' latest DIP/13WCF reporting

4 8/21/19 Alex Gebert 0.5 Prepare diligence questions re: Debtors' variance results

4 8/21/19 Alex Gebert 1.9 Summary slide preparation of CF variance results and emails re: the same to senior banker

4 8/21/19 Brendan Murphy 0.7 Review of and comments to Financial Analysis re: liquidity

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 15

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

4 8/21/19 Peter Gnatowski 1.3 Reviewed and commented on analysis of bi-weekly DIP reporting 

4 8/21/19 Peter Gnatowski 1.0 Reviewed and commented on summary presentation of DIP / 13wcf reporting

4 8/21/19 Peter Gnatowski 0.8 Reviewed and edited updated due diligence questions to the Debtors re: DIP reporting

4 8/22/19 Alex Gebert 0.5 Edit Debtors' summary CF variance analysis based on senior level comments

4 8/22/19 Brendan Murphy 2.2 Review and comments to presentation re: DIP and Financial Analysis

4 8/22/19 Peter Gnatowski 0.8 Edits to bi-weekly DIP reporting presentation for TCC based on comments from BM

4 8/26/19 Alex Gebert 2.0 Review and circulate 13WCF and DIP variance analysis and discussion internally with senior banker

4 8/26/19 Brendan Murphy 1.7 Review and comments to presentation re: DIP and Financial Analysis

4 8/26/19 Brendan Murphy 0.4 Review of 13wk CF / DIP variance reporting package from Debtor

4 8/27/19 Alex Gebert 1.0 Analysis of Debtors' CF forecast re: future disbursements per request

4 8/27/19 Brendan Murphy 1.2 Additional review and comments to presentation re: DIP and Financial Analysis

4 8/29/19 Peter Gnatowski 0.4 Reviewed July MOR report

4 8/29/19 Peter Gnatowski 1.8 Reviewed and commented on summary and analysis of MOR 

4 8/29/19 Riley Jacobs 1.5 Create presentation and analysis on MOR

4 8/30/19 Alex Gebert 1.5 Analysis of Debtors' Bi-Weekly DIP budget

4 8/30/19 Brendan Murphy 0.3 Review of July Monthly Operating Report

4 8/30/19 Brendan Murphy 0.5 Review of bi-weekly variance report via dataroom (ending 8-24-19)

4 8/30/19 Brent Williams 0.5 Review of debtors bi-weekly variance report

4 8/30/19 Peter Gnatowski 0.6 Reviewed bi-weekly cash flow and variance report from the Debtors'; internal discussions with junior bankers 

re: analysis

4 9/3/19 Brendan Murphy 0.3 Review of bi-weekly variance report via dataroom (ending 8-24-19)

4 9/3/19 Peter Gnatowski 1.8 Reviewed and comment to June MOR summary and analysis 

4 9/3/19 Riley Jacobs 1.8 Internal discussion and edits to June MOR presentation

4 9/3/19 Riley Jacobs 1.9 Additional edits to analysis and presentation for MOR per senior banker comments

4 9/4/19 Alex Gebert 0.9 Prepare DIP variance analysis and summary

4 9/4/19 Alex Gebert 1.5 Draft DIP reporting presentation

4 9/4/19 Brendan Murphy 0.5 Comments to internal DIP presentation 

4 9/9/19 Alex Gebert 0.7 Review July MOR analysis

4 9/9/19 Alex Gebert 1.8 Revise DIP analysis for internal comments

4 9/10/19 Peter Gnatowski 1.0 Review and comment on 13 week cash flow analysis and presentation

4 9/13/19 Alex Gebert 0.7 Additional review July MOR analysis

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 16

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

4 9/13/19 Alex Gebert 1.8 Edits to DIP analysis and presentation based on internal comments

4 9/14/19 Brendan Murphy 1.5 Review of DIP Variance Reporting Package 9.13.19

4 9/16/19 Alex Gebert 1.5 Review results of latest DIP variance analysis and prepare analysis

4 9/16/19 Peter Gnatowski 1.0 Reviewed Debtors bi-weekly DIP variance reports and analysis

4 9/18/19 Alex Gebert 0.8 Summarize key points from liquidity/variance analysis

4 9/19/19 Alex Gebert 2.5 Prepare 13wcf / DIP variance presentation

4 9/20/19 Alex Gebert 1.2 Edits to 13wcf/DIP variance presentation based on internal comments

4 9/20/19 Brendan Murphy 0.8 Review of DIP presentation and provided internal comments

4 9/20/19 Peter Gnatowski 1.0 Review and comment on DIP analysis

4 9/20/19 Peter Gnatowski 0.6 Reviewed and commented on DIP presentation

4 9/30/19 Alex Gebert 1.6 Assist in analysis of August MOR

4 9/30/19 Brendan Murphy 0.4 Review of August MOR

4 9/30/19 Erik Ellingson 1.8 MOR review and reserach re Wildfire Liens

4 9/30/19 Peter Gnatowski 0.8 Reviewed and analyzed August MOR report; internal discussions re: analysis 

4 9/30/19 Riley Jacobs 1.5 Preparation for and internal communications re: August MOR

4 9/30/19 Riley Jacobs 1.2 Analyze Debtors August MOR filing

4 9/30/19 Riley Jacobs 1.5 Draft summary presentation on August MOR

5 6/3/19 Brendan Murphy 0.9 Review of various documents posted to Debtor's data room

5 6/3/19 Peter Gnatowski 1.3 Reviewed various Company filings including SEC filings and rate cases re: capex

5 6/4/19 Alex Gebert 1.0 Prepare for and discuss internally Debtors' tort liability disclosure and related reporting

5 6/4/19 Alex Gebert 0.6 Research and save down source files re: Debtors' tort liability disclosure

5 6/4/19 Alex Gebert 2.2 Track and analyze Debtors' historical tort liability disclosure re: 2015 fires

5 6/4/19 Alex Gebert 2.8 Track and analyze Debtors' historical tort liability disclosure re: 2018 fires

5 6/4/19 Alex Gebert 2.5 Track and analyze Debtors' historical tort liability disclosure re: 2017 fires

5 6/4/19 Alex Gebert 1.5 Additional analysis re: Debtors' historical tort liability disclosure re: 2017 fires

5 6/4/19 Alex Gebert 2.4 Additional analysis re: Debtors' historical tort liability disclosure re: 2018 fires

5 6/4/19 Brendan Murphy 2.3 Analysis and diligence for Counsel re: Liabilities analysis per public documents

5 6/4/19 Brendan Murphy 1.3 Read Credit Agreements / Indentures / SEC Filings (10K, 10Q, 8K) and other public documents

5 6/4/19 Brent Williams 1.7 Review and analyze Debtors' diligence documents re: asset holdings

5 6/4/19 Naeem Muscatwalla 2.7 Review and analyze of Debtors' Q1 Earnings Report

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 17

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

5 6/5/19 Alex Gebert 3.0 Prepare presentation re: Debtors' historical liability disclosure

5 6/5/19 Alex Gebert 1.5 Address internal comments re: Debtors' historical liability disclosure

5 6/5/19 Brendan Murphy 1.4 Review and comment on historical liability disclosures analysis per counsel request

5 6/5/19 Peter Gnatowski 1.5 Reviewed and comment on analysis from junior banker re: liabilities disclosures

5 6/5/19 Peter Gnatowski 1.8 Additional review of liability analysis and review of Debtors' SEC filings re: same

5 6/5/19 Peter Gnatowski 2.1 Continued review of SEC filings from the Debtors re: liabilities disclosures

5 6/6/19 Alex Gebert 2.2 Further analysis of Debtors' historical liability disclosure (summary/comparison)

5 6/6/19 Alex Gebert 1.8 Further preparation of Debtors' historical liability disclosure (Non-fire related liabilities)

5 6/6/19 Alex Gebert 1.2 Address internal questions re: Debtors' historical liability and update analysis

5 6/6/19 Brendan Murphy 1.2 Review and comment on non-fire related liabilities summary and analysis

5 6/6/19 Brendan Murphy 1.6 Additional review and comment on historical liability disclosures per counsel request

5 6/6/19 Peter Gnatowski 1.2 Comments to junior banker re: edits to liabilities disclosure analysis

5 6/6/19 Peter Gnatowski 1.5 Reviewed and modified liabilities disclosure analysis

5 6/7/19 Alex Gebert 1.0 Source data for non-fire related liability disclosure

5 6/7/19 Brendan Murphy 2.2 Reviewed various SEC filings re: wildfire liabilities from Debtors

5 6/7/19 Brendan Murphy 1.8 Review and comment on updated analysis of historical liabilities disclosures 

5 6/7/19 Naeem Muscatwalla 1.0 Review and circulation of items in Debtor's data room

5 6/7/19 Peter Gnatowski 1.5 Additional edits to liabilities disclosure analysis based on comments from BM

5 6/7/19 Peter Gnatowski 2.2 Reviewed additional historical SEC filings and edits to liabilities disclosure analysis

5 6/7/19 Peter Gnatowski 1.8 Additional edits to liabilities disclosure analysis based on SEC filings from the Debtors

5 6/7/19 Peter Gnatowski 1.2 Additional review of historical SEC filings re: liabilities disclosures

5 6/8/19 Peter Gnatowski 2.3 Additional research of non-wildfire liabilities disclosure based on comments from counsel re: non-fire liabilities

5 6/11/19 Alex Gebert 0.7 Review historical insurance coverage and policy at Debtor

5 6/11/19 Alex Gebert 2.2 Research insurance policies proposed by Debtor

5 6/11/19 Alex Gebert 3.5 Historical research of Debtors' disclosure re: Non-fire liabilities

5 6/11/19 Brendan Murphy 2.3 Reviewed documents re: non-fire liabilities analysis per public documents

5 6/11/19 Brendan Murphy 1.7 Review and comment on liability disclosure analysis from junior team

5 6/11/19 Naeem Muscatwalla 0.9 Review and circulation of items in Debtor's data room

5 6/11/19 Peter Gnatowski 0.3 Discussions with junior banker re: additional research on other liability disclosures for prior years

5 6/11/19 Peter Gnatowski 2.3 Reviewed supporting data for other liabilities analysis based on comments from counsel

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 18

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

5 6/11/19 Peter Gnatowski 1.1 Research into prior district settlement per counsel's request; emails re: same

5 6/11/19 Peter Gnatowski 1.4 Researched SEC filings re: other liability disclosures per counsel's request

5 6/12/19 Alex Gebert 3.0 Trend analysis of Debtors' disclosure re: Non-fire liabilities

5 6/12/19 Brendan Murphy 1.3 Analysis and diligence for Counsel re: Liabilities analysis per public documents

5 6/12/19 Peter Gnatowski 1.8 Research of specific fire liability disclosures per counsel's request

5 6/12/19 Peter Gnatowski 1.4 Prepared alternative analysis of fire liability findings for counsel; emails re: same

5 6/13/19 Alex Gebert 2.5 Review Debtors' wildfire disclosure statements

5 6/13/19 Alex Gebert 3.0 Prepare slides re: to Liability Disclosure based on comments from PG

5 6/13/19 Brendan Murphy 1.8 Review and comment on revised liabilities analysis 

5 6/13/19 Brendan Murphy 1.1 Reviewed SEC filings from the Debtors re: liability disclosures

5 6/13/19 Peter Gnatowski 0.5 Comments to counsel's questions re: fire liability disclosures

5 6/13/19 Peter Gnatowski 1.8 Additional research of liability disclosures per counsel's request

5 6/14/19 Brendan Murphy 0.9 Additional review and comments of liabilities analysis and presentations

5 6/14/19 Peter Gnatowski 1.8 Drafted summary of fire disclosures per Counsel's request

5 6/15/19 Peter Gnatowski 2.4 Additional liability and disclosure research per request by counsel

5 6/17/19 Alex Gebert 2.4 Edit and prepare slides re: Debtors' Liab. Disclosure based on internal discussions

5 6/17/19 Brendan Murphy 1.7 Analysis and diligence for Counsel re: Liabilities analysis per public documents

5 6/17/19 Brendan Murphy 0.9 Reviewed due diligence asset schedules provided by Debtors

5 6/17/19 Brent Williams 2.4 Reviewed and comment re: Debtors' schedules re: assets

5 6/17/19 Peter Gnatowski 1.3 Reviewed summary liability summary prepared by junior banker per request from counsel

5 6/17/19 Peter Gnatowski 2.0 Reviewed additional Company filings re: liability disclosure

5 6/17/19 Peter Gnatowski 1.5 Edits to summary liability summary

5 6/17/19 Peter Gnatowski 0.6 Reviewed schedule of non-production assets; emails with team re: same

5 6/19/19 Alex Gebert 0.5 Review Ghost Ship disclosure and related liability amounts

5 6/19/19 Alex Gebert 0.5 Request and obtain access to Debtors' discovery case data

5 6/19/19 Alex Gebert 2.4 Review Debtors' discovery case documents

5 6/19/19 Alex Gebert 2.4 Edit and prepare slides re: Debtors' Liab. Disclosure based on internal discussions

5 6/19/19 Brendan Murphy 1.1 Review and analysis of diligence documents re: Mutual Assistance Motion 

5 6/19/19 Brendan Murphy 1.3 Additional review of Debtors' asset schedule including production and non-production assets

5 6/19/19 Brent Williams 1.4 Review corporate asset schedules; internal discussions

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of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

5 6/19/19 Peter Gnatowski 1.2 Reviewed updated liability disclosure presentation from junior banker per counsel request

5 6/19/19 Peter Gnatowski 2.0 Additional edits to liability disclosure presentation per comment from counsel

5 6/20/19 Brendan Murphy 0.8 Research and review of insurance policies and related due diligence

5 6/20/19 Peter Gnatowski 0.8 Researched committee questions re: insurance; emails with BW re: same

5 6/20/19 Peter Gnatowski 2.1 Additional research on insurance per comments from BM; discussions with RJ re: same

5 6/21/19 Brendan Murphy 0.8 Research and analysis re: hydro-electric assets

5 6/21/19 Brendan Murphy 0.5 Revised analysis for Counsel re: Liabilities analysis per public documents

5 6/21/19 Brendan Murphy 1.6 Review and comment on insurance analysis and summary 

5 6/21/19 Brent Williams 2.2 Reviewed hydro and other asset schedules

5 6/24/19 Peter Gnatowski 1.0 Reviewed insurance disclosures; discussions with junior banker re: analysis

5 6/24/19 Peter Gnatowski 1.2 Reviewed updated documents for insurance information; internal discussions re: same

5 6/24/19 Riley Jacobs 1.9 Research insurance policies and summary

5 6/24/19 Riley Jacobs 2.4 Draft summary of insurance overview and summary

5 6/25/19 Brendan Murphy 0.8 Analysis of owned property report via Debtor

5 6/25/19 Riley Jacobs 1.7 Edit insurance summary presentation

5 6/26/19 Peter Gnatowski 0.7 Reviewed insurance summary and analysis prepared by junior banker; comments re: edits

5 6/27/19 Matt Merkel 2.7 Updated financial due diligence list for Debtors

5 6/27/19 Riley Jacobs 2.3 Update internal tracker for diligence from Debtor

5 6/27/19 Riley Jacobs 1.8 Work on diligence request list from Debtor

5 6/27/19 Riley Jacobs 1.8 Internal communications and edits to diligence request list

5 6/28/19 Brendan Murphy 0.6 Preparation for and internal discussion re: master diligence list 

5 6/28/19 Brent Williams 1.9 Reviewed and comment on insurance and settlement overviews

5 6/28/19 Matt Merkel 2.2 Drafted PE claims settlement summary

5 6/28/19 Peter Gnatowski 0.5 Edits to information request list for the Debtors 

5 6/28/19 Riley Jacobs 2.0 Additional edits to overview of Debtors' insurance policies 

5 6/29/19 Brendan Murphy 0.8 Reviewed monthly reporting reports for May including real estate, exchange motion and hedging

5 6/29/19 Peter Gnatowski 1.2 Reviewed monthly reporting posted to Debtors' data room

5 6/30/19 Brent Williams 1.2 Review Debtors' asset schedules including real estate holdings

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

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

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of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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

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

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

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 Peter Gnatowski 1.8 Edits to insurance summary and analysis presentation 

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

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

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

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 7/2/19 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 7/3/19 Brendan Murphy 1.8 Review of real estate due diligence received from Debtors

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

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

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

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

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 Peter Gnatowski 0.5 Discussions with junior team member and document review re: insurance policies

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

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 Peter Gnatowski 0.8 Reviewed various motions including supplemental schedules from the Debtors; emails internally

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of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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

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

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

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

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

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 7/17/19 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 7/18/19 Alex Gebert 1.2 Preparation for and internal discussion re: asset sales, regulatory oversight, and corresponding analysis re: the 

same

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

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

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 Brendan Murphy 0.6 Preparation for and internal correspondence re: Discovery Questions for Debtor

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 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 Brendan Murphy 0.8 Review of due diligence files from Debtor re: real estate analysis

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 22

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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

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

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 Brendan Murphy 1.5 Reviewed and commented on real estate presentation

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 Peter Gnatowski 1.1 Reviewed various due diligence reports provided by the Debtors; emails with team re: same

5 8/1/19 Erik Ellingson 1.9 Review PG&E Updated response Real Estate Diligence Request Response

5 8/1/19 Naeem Muscatwalla 1.1 Review of new items posted to TCC's data room re: financial diligence

5 8/1/19 Riley Jacobs 0.8 Preparation for and internal conversation: re outstanding Debtor diligence

5 8/2/19 Brendan Murphy 0.7 Review of PG&E 8K re: revised 2020 cost of capital request

5 8/2/19 Brendan Murphy 0.7 Review and discuss due diligence files from Debtor re: real estate analysis

5 8/2/19 Peter Gnatowski 0.5 Reviewed real estate diligence provided by the Debtors; internal discussions re: analysis

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 23

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

5 8/2/19 Riley Jacobs 0.8 Prep for and internal discussion re: debtor diligence materials provided

5 8/2/19 Riley Jacobs 2.3 Review work and update materials re: debtor real estate diligence

5 8/2/19 Riley Jacobs 1.8 Review and summarize Real estate diligence presentation from debtors

5 8/3/19 Riley Jacobs 1.1 Preparation for and internal call re: Debtor financial audit diligence

5 8/4/19 Riley Jacobs 3.4 Review / summarize debtor financial audit diligence

5 8/5/19 Naeem Muscatwalla 1.1 Review and circulation of new diligence items in Debtor's data room

5 8/8/19 Riley Jacobs 0.7 Internal Communications: re outstanding diligence list for Debtors 

5 8/12/19 Peter Gnatowski 0.7 Researched and summarized Debtors' insurance policies

5 8/13/19 Brendan Murphy 0.6 Diligence for Counsel re: Insurance policies

5 8/15/19 Alex Gebert 0.7 Review and circulate various documents from Debtors' data room re: monthly reporting

5 8/15/19 Brendan Murphy 1.3 Review and comment on real estate due diligence files provided by the Debtors

5 8/15/19 Naeem Muscatwalla 1.3 Review of new items posted to TCC's data room in response to diligence request lists

5 8/19/19 Brent Williams 1.5 Review corporate assets including real estate and hydroelectric assets

5 8/20/19 Brendan Murphy 0.5 Researched SEC Filing (10Q), filed August 9, 2019 for Counsel re: Debtors' assets

5 8/20/19 Brendan Murphy 1.3 Review of PG&E Q2 Earnings Presentation (Detailed Financial Results)

5 8/20/19 Brendan Murphy 0.3 Diligence for Counsel re: Insurance policies

5 8/21/19 Naeem Muscatwalla 1.1 Review of new items posted to TCC's data room re: diligence requests

5 8/22/19 Alex Gebert 2.1 Research insurance policies and emails re: the same

5 8/22/19 Alex Gebert 1.0 Further discussion and research re: insurance policies

5 8/22/19 Peter Gnatowski 1.1 Research re: PG&E's insurance policies and plans; discussions with AG re: same

5 8/26/19 Brendan Murphy 1.1 Review of PG&E Q2 Earnings Presentation (Changes in assets and liabilities)

5 8/28/19 Brent Williams 0.5 Review of SEC form re: PG&E ownership

5 8/28/19 Naeem Muscatwalla 1.1 Review of new items posted to TCC's data room

5 9/3/19 Alex Gebert 1.0 Review outstanding diligence requests for the Debtors and consolidate

5 9/10/19 Alex Gebert 0.3 Read, circulate, and review Debtors' diligence responses re: insurance policies

5 9/10/19 Brendan Murphy 0.7 Review of diligence response(s) from Debtor re: insurance and P/L's

5 9/10/19 Matt Merkel 1.7 Drafted list of discussion topics for diligence call with Debtors

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 24

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

5 9/10/19 Peter Gnatowski 0.3 Reviewed Debtors insurance diligence responses

5 9/11/19 Peter Gnatowski 1.0 Research and emails with counsel re wildfire insurance in 2020

5 9/17/19 Alex Gebert 1.5 Comparison/analysis of amended real estate and asset filing schedules

5 9/17/19 Brent Williams 0.8 Review PG&E insurance policies

5 9/17/19 Matt Merkel 1.4 Reviewed and provided comments on internal diligence materials re: financial statements

5 9/17/19 Peter Gnatowski 1.2 Reviewed and modified summary to counsel re: observations of amended schedules; emails with counsel

5 9/17/19 Peter Gnatowski 1.0 Reviewed amended A,B and G schedules from the Debtors

5 9/17/19 Peter Gnatowski 0.4 Reviewed Debtors' insurance diligence responses; internal correspondence re: same

5 9/17/19 Riley Jacobs 1.0 Prepare summary on Debtors responses to diligence questions

5 9/17/19 Sherman Guillema 1.4 Reviewed and provided comments on internal diligence materials for the Debtors on financial statements

6 6/1/19 Brent Williams 1.6 Review of wildfire safety reports 

6 6/1/19 Peter Gnatowski 1.8 Reviewed Blue Ribbon report and analysis presentation for TCC from junior banker

6 6/1/19 Peter Gnatowski 2.1 Edits to Blue Ribbon analysis presentations; emails with junior banker re: further edits

6 6/2/19 Alex Gebert 1.3 Discuss internally and edits to Blue Ribbon Comm report

6 6/2/19 Alex Gebert 1.5 Address senior level comments re: Blue Ribbon Comm Report

6 6/2/19 Brendan Murphy 1.0 Review Blue Ribbon report 

6 6/2/19 Brendan Murphy 1.5 Comments re: Blue Ribbon analysis and presentation

6 6/2/19 Peter Gnatowski 1.5 Reviewed updated Blue Ribbon analysis presentation for TCC from junior banker

6 6/3/19 Alex Gebert 1.8 Address additional comments re: WSP / Blue Ribbon report

6 6/3/19 Brendan Murphy 1.6 Review of Wildfire due diligence provided by Debtor

6 6/3/19 Peter Gnatowski 1.8 Reviewed and comments to Wildfire presentation from junior bankers

6 6/3/19 Peter Gnatowski 2.1 Edits to Wildfire meeting presentation for the TCC; emails with BM re: same

6 6/3/19 Peter Gnatowski 1.0 Further changes to updated wildfire slides for TCC presentation

6 6/3/19 Peter Gnatowski 2.3 Further edits to Blue Ribbon updated presentation of the TCC; emails with BM re: same

6 6/4/19 Brendan Murphy 1.7 Review and provide comments to wildfire presentation for Committee

6 6/4/19 Peter Gnatowski 1.8 Reviewed various wildfire reports from PG&E website re: request from counsel

6 6/4/19 Peter Gnatowski 1.8 Further edits to Wildfire meeting presentation based on comments from BM; emails with BW re: same

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 25

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

6 6/5/19 Brendan Murphy 1.1 Review of Wildfire due diligence provided by Debtor

6 6/5/19 Brendan Murphy 2.3 Review of and comments to Wildfire materials for the TCC and Counsel

6 6/5/19 Brent Williams 2.1 Review and comment on Wildfire materials for the TCC

6 6/6/19 Alex Gebert 1.3 Edit and consolidate Wildfire Mitigation Meeting presentation

6 6/6/19 Brendan Murphy 1.4 Review of Wildfire due diligence provided by Debtor

6 6/6/19 Brendan Murphy 1.7 Review of and comments to Wildfire materials for the TCC and Counsel

6 6/6/19 Brent Williams 1.8 Review wildfire safety diligence materials provided by Debtor

6 6/6/19 Peter Gnatowski 1.8 Additional edits to Wildfire presentation to the TCC based on comments from counsel

6 6/6/19 Peter Gnatowski 0.5 Further edits to Wildfire presentation to TCC based on comments from BM

6 6/7/19 Brendan Murphy 1.5 Review of and comments to Wildfire materials for the TCC and Counsel

6 6/7/19 Brent Williams 1.4 Review and comment on wildfire presentation for TCC

6 6/7/19 Peter Gnatowski 0.5 Reviewed and comment on Quanta summary prepared by junior banker

6 6/7/19 Riley Jacobs 1.8 Review and summarize Quanta Energy Transmission Inspection Agreement

6 6/10/19 Peter Gnatowski 0.8 Summarized Quanta April 2019 report observations; internal emails re: same

6 6/11/19 Brent Williams 2.1 Additional comment on wildfire presentation for TCC

6 6/18/19 Brent Williams 3.4 Review wildfire legislation documents

6 6/19/19 Alex Gebert 2.7 Review and circulate California wildfire legislative proposal

6 6/19/19 Alex Gebert 2.5 Calculate wildfire allocation for IOUs based on legislative proposal

6 6/19/19 Alex Stevenson 1.8 Review and comment on draft wildfire fund legislation

6 6/19/19 Brendan Murphy 0.6 Preparation for and internal discussion re: Wildfire Victims Fund

6 6/19/19 Peter Gnatowski 2.5 Reviewed amended wildfire legislation

6 6/19/19 Peter Gnatowski 1.1 Reviewed wildfire diligence documents and responses from Debtors

6 6/19/19 Peter Gnatowski 0.7 Reviewed analysis of utility sales in CA analysis per legislative analysis; comments to junior banker re: same

6 6/21/19 Alex Gebert 2.4 Review and circulate Strike Force Progress report

6 6/21/19 Brent Williams 2.1 Review and discussions re: strike force report

6 6/21/19 Peter Gnatowski 2.5 Reviewed CPUC wildfire legislature; emails re: same

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 26

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

6 6/24/19 Brendan Murphy 2.4 Review wildfire documents including Strike Force Report

6 6/25/19 Riley Jacobs 1.8 Review governors strike force proposal report

6 6/26/19 Alex Gebert 1.2 Wildfire fund analysis based on comments from Counsel

6 6/26/19 Brendan Murphy 1.3 Review of Debtor's Wildfire-related due diligence posted to data room

6 6/26/19 Matt Merkel 0.2 Researched wildfire safety documents for Counsel

6 6/26/19 Peter Gnatowski 0.7 Reviewed updated wildfire diligence materials provided by the Debtors; emails re: same

6 6/26/19 Peter Gnatowski 0.8 Reviewed and comment on wildfire update presentation for TCC based on latest information from Debtors

6 6/27/19 Alex Stevenson 0.9 Review CPUC rulings (SB-901) and impact on strategic alternatives

6 6/27/19 Alex Stevenson 0.5 Preparation for and correspondence with internal team re: SB901

6 6/27/19 Brendan Murphy 1.6 Review of CPUC Haga Decision

6 6/27/19 Naeem Muscatwalla 2.3 Developed summary of Newsom's Strike Force Progress Report

6 6/27/19 Peter Gnatowski 1.0 Reviewed CPUC cost recovery decision; internal emails re: same

6 6/28/19 Alex Gebert 0.5 Circulate and review latest state wildfire fund legislation

6 6/28/19 Alex Stevenson 0.6 Preparation for and correspondence with internal team re: AB1054

6 6/28/19 Brendan Murphy 1.6 Review of AB1054 bill via CA legislature

6 6/28/19 Brent Williams 2.7 Review and comment re: Strike Force report and wildfire fund presentation and analysis

6 6/28/19 Matt Merkel 3.1 Reviewed and made direct edits to summary of task force update presentation

6 6/28/19 Matt Merkel 1.0 Reviewed task force update presentation

6 6/28/19 Peter Gnatowski 1.5 Reviewed California bill re: wildfire terms; internal emails 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

6 8/1/19 Brendan Murphy 2.3 Review PG&E's response(s) to Judge Alsup re: WSJ Article; internal correspondence re: analysis per counsel's 

request

6 8/1/19 Brent Williams 0.5 Review media reports re: Judge Alsup WSJ Article

6 8/1/19 Erik Ellingson 0.9 Review response WSJ article & debtor court ordered response; internal discussions re: summary

6 8/1/19 Erik Ellingson 1.3 Review junior banker work, and present debtors response to court ordered WSJ article response

6 8/1/19 Peter Gnatowski 2.0 Reviewed Debtors response to Judge's questions and WSJ article; internal coordination re: analysis

6 8/1/19 Peter Gnatowski 0.6 Research re: Wildfire liabilities and public disclosures per TCC member email 

6 8/1/19 Zack Stone 0.5 Preparation and participation in internal discussion on WSJ article response and wildfire prevention

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 27

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

6 8/1/19 Zack Stone 1.5 Review and summarize Debtors' response to WSJ wildfire article

6 8/2/19 Alex Gebert 1.5 Wildfire spend research per request from counsel

6 8/2/19 Brent Williams 1.2 Review PG&E response to WSJ article; internal discussions re: materials to TCC

6 8/2/19 Erik Ellingson 0.8 Wildfire safety response review and discussions with junior bankers re: presentation

6 8/3/19 Brendan Murphy 0.9 Research and analysis for Counsel re: annual wildfire mitigation spend

6 8/3/19 Peter Gnatowski 2.2 Various research re: Debtors' wildfire spend per counsel request

6 8/3/19 Peter Gnatowski 1.2 Prepared analysis re: Debtors' wildfire spend per counsel request

6 8/4/19 Brendan Murphy 1.7 Review and comment on wildfire mitigation spend analysis

6 8/4/19 Matt Merkel 3.1 Researched wildfire mitigation spend for Counsel request

6 8/4/19 Matt Merkel 2.0 Reviewed FERC filings for historical wildfire capex 

6 8/4/19 Matt Merkel 2.8 Reviewed and comment on wildfire spend analysis

6 8/4/19 Matt Merkel 0.4 Discussions with junior bankers re: prior wildfire spend analysis

6 8/4/19 Naeem Muscatwalla 1.4 Research on historical wildfire spend

6 8/4/19 Naeem Muscatwalla 2.8 Drafted presentation on historical wildfire spend analysis

6 8/4/19 Naeem Muscatwalla 2.2 Revisions to historical wildfire spend analysis

6 8/4/19 Naeem Muscatwalla 0.6 Internal call regarding presentation on historical wildfire spend research

6 8/4/19 Peter Gnatowski 1.8 Edits to wildfire spend analysis requested by counsel; emails with junior team re: same

6 8/4/19 Riley Jacobs 2.6 Research and internal conversations re: historical wildfire mitigation spend

6 8/4/19 Riley Jacobs 1.8 Internal communications re: historical wildfire mitigation spend

6 8/4/19 Riley Jacobs 1.9 Research rate cases re: historical wildfire mitigation spend

6 8/5/19 Alex Gebert 1.0 Review and circulate summary of Debtors' wildfire safety plan update

6 8/5/19 Brendan Murphy 0.7 Internal call re: wildfire spend analysis

6 8/5/19 Brendan Murphy 1.4 Reviewed analysis and supporting documents re: wildfire mitigation spend analysis 

6 8/5/19 Brendan Murphy 0.4 Review of diligence re: 10.1.5 Wildfire Safety Plan Status Updates 

6 8/5/19 Erik Ellingson 1.0 Review Debtors' updated diligence materials to Wildfire Safety Plan 

6 8/5/19 Matt Merkel 0.8 Prepared for and participated in internal wildfire spend analysis

6 8/5/19 Matt Merkel 1.6 Drafted wildfire spend summary observations for Counsel

6 8/5/19 Peter Gnatowski 1.3 Additional research Debtors' wildfire spend per request from counsel

6 8/5/19 Peter Gnatowski 0.5 Reviewed draft summary analysis requested by counsel re: wildfire spend from MM

6 8/5/19 Peter Gnatowski 1.8 Additional research of wildfire liabilities per request by counsel

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 28

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

6 8/5/19 Peter Gnatowski 1.2 Prepared for and participated in internal call re: analysis for counsel re: wildfire spend

6 8/5/19 Riley Jacobs 0.9 Preparation for and internal conversation: re historical wildfire mitigation spend

6 8/5/19 Riley Jacobs 0.6 Additional research on Debtors' wildfire mitigation spend

6 8/6/19 Alex Gebert 2.0 Review and drafted summary presentation re: Debtors' Wildfire plan update

6 8/6/19 Alex Stevenson 0.2 Review wildfire safety status memo as related to financing alternatives

6 8/6/19 Brendan Murphy 1.9 Review of PG&E Report re: ‘Systemic Issues’ Required by CPUC Investigation Into 2017 Wildfires 

6 8/6/19 Brendan Murphy 0.7 Review and comment on updated wildfire spend analysis 

6 8/6/19 Brendan Murphy 2.6 Research and analysis for Counsel re: Wildfire spend and other confidential analysis

6 8/6/19 Brent Williams 2.0 Review and comment on wildfire spend analysis for counsel 

6 8/6/19 Erik Ellingson 2.2 Review of Wildfire Safety Plan update from the Debtors; internal discussions on presentation for counsel

6 8/6/19 Erik Ellingson 1.9 Review of Debtors Response to Commissioner Order (U 39 E ) report review of VM Guidelines

6 8/6/19 Peter Gnatowski 1.0 Reviewed wildfire update from the Debtors; internal discussions re: committee update

6 8/6/19 Riley Jacobs 0.8 Research re: wildfire third party contractor spend per counsel's request

6 8/6/19 Zack Stone 1.5 Review and summarize wildfire safety plan status update

6 8/6/19 Zack Stone 2.0 Review and summarize wildfire safety plan response from the Debtors

6 8/7/19 Brendan Murphy 1.5 Research and analysis for Counsel re: Wildfire spend and other confidential analysis

6 8/7/19 Erik Ellingson 0.8 Review junior banker summary presentation and analysis of the Wildfire Safety Plan Summary

6 8/7/19 Erik Ellingson 0.8 Review the Debtors Response to Commissioner Order (U 39 E ) report review of Reclosers

6 8/7/19 Erik Ellingson 0.7 Review the Response to Commissioner Order Debtors (U 39 E ) report review of Recordkeeping

6 8/7/19 Erik Ellingson 0.9 Review the Response to Commissioner Order Debtors (U 39 E ) report review of Handling of Evidence/C-to-C 

Contact and other risks

6 8/7/19 Erik Ellingson 1.3 Review junior banker response to Commissioner Order Summary

6 8/7/19 Peter Gnatowski 1.8 Reviewed and commented on wildfire safety update presentation for TCC

6 8/7/19 Zack Stone 1.0 Edits to wildfire safety plan summary and analysis based on internal comments

6 8/13/19 Brendan Murphy 0.4 Internal discussion re: Wildfire debrief with Debtors

6 8/13/19 Erik Ellingson 2.7 Reviewed Wildfire Safety plan and status update from the Debtors

6 8/13/19 Erik Ellingson 1.2 Edits to Wildfire Safety Plan summary presentation re: vegetation commentary

6 8/14/19 Alex Gebert 1.5 Comments on wildfire safety plan summary and analysis

6 8/14/19 Brent Williams 2.5 Review and comment on Wildfire Safety Update presentation

6 8/14/19 Erik Ellingson 1.8 Edits to Wildfire Safety presentation re: system hardening metrics and document review

6 8/14/19 Erik Ellingson 1.7 Edits to Wildfire Safety presentation re: staffing and capex update

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 29

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

6 8/14/19 Erik Ellingson 2.6 Incorporated Monitor Report observations into Wildfire Safety presentation

6 8/14/19 Erik Ellingson 1.0 Review of updated Wildfire Summary presentation

6 8/14/19 Erik Ellingson 1.7 Monitor Report Review and Summary Guidance

6 8/14/19 Peter Gnatowski 2.1 Drafted summary observations of wildfire meeting with Debtors and metric updates

6 8/14/19 Peter Gnatowski 0.5 Discussions with junior bankers re: preparing wildfire update to TCC 

6 8/14/19 Peter Gnatowski 2.0 Reviewed and commented on draft wildfire update presentation

6 8/15/19 Alex Gebert 1.0 Review and circulate Monitor's Report

6 8/15/19 Brendan Murphy 1.1 Reviewed and commented on wildfire update presentation based on updates from the Debtors

6 8/15/19 Brendan Murphy 2.3 Review of Monitor’s Report re: Wildfire; internal comments re: analysis and observations

6 8/15/19 Brent Williams 3.5 Review Wildfire Monitor’s Report and related summary analysis

6 8/15/19 Erik Ellingson 2.8 Additional wildfire budget analysis, reporting, and WSP analysis

6 8/15/19 Peter Gnatowski 1.8 Edits to Wildfire update presentation 

6 8/15/19 Peter Gnatowski 1.0 Reviewed monitor' report re: Debtors' wildfire management; internal discussions re: same

6 8/15/19 Peter Gnatowski 0.8 Reviewed various motions including wildfire assistance program criteria motion

6 8/16/19 Brendan Murphy 0.9 Reviewed and commented on updated wildfire update presentation 

6 8/16/19 Brendan Murphy 0.8 Review of Wildfire Safety Plan Status Updates provided by the Debtors

6 8/16/19 Brendan Murphy 1.7 Reviewed and comment on updated wildfire safety presentation to include Monitor Report

6 8/16/19 Erik Ellingson 1.1 Additional wildfire reporting metrics analysis based on internal comments

6 8/16/19 Erik Ellingson 1.9 Final review of TCC wildfire safety plan update

6 8/16/19 Peter Gnatowski 1.8 Reviewed and commented on summary presentation of monitor report

6 8/16/19 Peter Gnatowski 1.5 Reviewed Debtors' Wildfire Status Update report; internal discussions re: summary and presentation

6 8/16/19 Riley Jacobs 2.3 Circulate and review debtors Wildfire safety plan update

6 8/19/19 Brendan Murphy 2.3 Review of and comments to Financial Analysis re: wildfire spend

6 8/19/19 Brendan Murphy 1.0 Research and analysis for Counsel re: Wildfire spend and other confidential analysis

6 8/19/19 Erik Ellingson 2.9 Review of Phase II comments on the Wildfire mitigation plan - CPUC

6 8/19/19 Erik Ellingson 1.2 Incorporation review, and analysis sparked from WSJ wildfire articles

6 8/19/19 Zack Stone 3.0 Update WSP presentation for August 13th Debtor presentation re: Wildfire Safety

6 8/20/19 Brendan Murphy 1.1 Reviewed updated WSP presentation based on new information provided by the Debtors 

6 8/20/19 Brendan Murphy 1.5 Reviewed notes and presentation provided by Debtors on WSP 

6 8/20/19 Brent Williams 2.0 Wildfire Safety review of new updates from the Debtors

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of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

6 8/20/19 Erik Ellingson 1.7 Additional feedback and review of Monitor report relative to CPUC guidelines

6 8/20/19 Peter Gnatowski 1.8 Additional updates to wildfire update presentation for counsel

6 8/20/19 Riley Jacobs 2.0 Research NorthStar report and monitoring report per request from senior banker

6 8/20/19 Riley Jacobs 1.4 Review wildfire assistance program update

6 8/20/19 Riley Jacobs 0.5 Review internal notes re: call with external FA on wildfire mitigation

6 8/20/19 Zack Stone 0.5 Read and review relevant filings re: vegetation management progress reports

6 8/21/19 Brendan Murphy 0.8 Review of Monitor’s Report re: Wildfire, for Counsel's Questions

6 8/21/19 Zack Stone 1.5 Additional edits to WSP presentation for August 13th Debtor presentation re: Wildfire Safety

6 8/22/19 Alex Gebert 0.6 Review, circulate, and summarize Debtors' phase 2 wildfire mitigation plan

6 8/22/19 Brendan Murphy 1.3 Review and comments to TCC Presentation re: Wildfire Safety Plan and Monitors Report

6 8/22/19 Erik Ellingson 1.5 Additional review and incorporation of wildfire summary in the TCC Summary Presentation

6 8/22/19 Erik Ellingson 1.8 TCC Meeting Wildfire Deck Preparation

6 8/22/19 Peter Gnatowski 1.7 Additional review of monitor report and continued editing of wildfire presentation for TCC

6 8/22/19 Peter Gnatowski 1.1 Emails with junior bankers re: additional wildfire analysis and summary; reviewed updated analysis

6 8/22/19 Peter Gnatowski 0.5 Reviewed counsel's memo re: wildfire update

6 8/22/19 Zack Stone 1.5 Update WSP presentation for Q2 earnings information re: STIP and wildfire metrics

6 8/23/19 Alex Gebert 0.4 Review and circulate Monitors report and internal discussion re: the same

6 8/23/19 Alex Gebert 0.9 Review and circulate VM inspections report

6 8/23/19 Brendan Murphy 1.6 Review and comments on updated TCC Presentation re: Wildfire Safety Plan and Monitors Report

6 8/23/19 Brendan Murphy 0.8 Review K&E Monitor Team Inspection Deck

6 8/23/19 Brendan Murphy 0.7 Read CPUC Scoping Ruling in Connection With Proceeding on Potential PG&E Violations

6 8/23/19 Brent Williams 1.0 Review wildfire safety presentation to the TCC

6 8/23/19 Erik Ellingson 1.3 Review and incorporation of additional Fed Monitor information into presentation

6 8/23/19 Peter Gnatowski 0.3 Emails and discussions with junior bankers re: additional analysis for wildfire updated presentation

6 8/23/19 Peter Gnatowski 1.2 Addressed comment from BM to TCC Wildfire update presentation; internal discussions with BM re: 

deliverables

6 8/23/19 Zack Stone 3.5 Update and address comments on WSP presentation

6 8/23/19 Zack Stone 1.2 Read, review, and circulate relevant WSP article

6 8/24/19 Erik Ellingson 0.9 Additional edits to wildfire presentation based on internal comments

6 8/24/19 Peter Gnatowski 1.4 Reviewed and commented on updated wildfire analysis

6 8/25/19 Zack Stone 1.0 Internal communications and updates to WSP presentation

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 31

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

6 8/26/19 Brendan Murphy 2.8 Review and comments to TCC Presentation re: Wildfire Safety Plan and Monitors Report

6 8/26/19 Brendan Murphy 1.8 Read Debtors' response re: Phase 2 of Wildfire Mitigation Plan CPUC Proceeding and update in WSP 

presentation

6 8/26/19 Brent Williams 1.0 Review and comment on Wildfire Safety update presentation

6 8/26/19 Peter Gnatowski 1.2 Updated TCC Wildfire update presentation with new analysis 

6 8/26/19 Peter Gnatowski 1.5 Final edits to TCC wildfire update presentation based on comments from BM

6 8/26/19 Zack Stone 0.5 Additional updates to WSP presentation

6 8/28/19 Peter Gnatowski 0.2 Reviewed news releases and PG&E press release re: PSPS and wildfire safety

6 9/3/19 Brendan Murphy 1.3 Review Debtors response re: Response to Federal Monitor Report

6 9/3/19 Brent Williams 1.2 Review PG&E response to Federal Monitor Report

6 9/3/19 Peter Gnatowski 1.5 Reviewed Debtors' response to monitor's report; internal discussions re: summary

6 9/4/19 Alex Gebert 0.4 Review and circulate Debtors' press release re: Wildfire Assistance fund

6 9/4/19 Peter Gnatowski 0.3 Reviewed press re: wildfire assistance fund

6 9/17/19 Peter Gnatowski 0.2 Reviewed status conference and wildfire update from the Debtors 

6 9/20/19 Brendan Murphy 1.2 Review of Regulatory Proceeding Filings re: Wildfire Safety

6 9/20/19 Brendan Murphy 1.3 Review and comment on Wildfire Safety Plan presentation for the TCC

6 9/20/19 Erik Ellingson 2.8 Review Wildfire Response Update from Debtors

6 9/20/19 Erik Ellingson 2.1 Review Response to Monitor's Letter Report & Update

6 9/20/19 Erik Ellingson 2.4 Review and provide comments on draft WSP deck for TCC

6 9/20/19 Peter Gnatowski 1.0 Reviewed and commented on updated wildfire safety plan presentation; internal discussion re: same

6 9/20/19 Riley Jacobs 0.5 Internal coordination re: wildfire monitoring report presentation

6 9/20/19 Riley Jacobs 1.8 Assist in drafting presentation on wildfire monitoring report

6 9/20/19 Zack Stone 1.0 Preparation for and internal discussions re: WSP update deck

6 9/20/19 Zack Stone 1.0 Review Debtor's WSP update deck

6 9/20/19 Zack Stone 2.0 Draft presentation on Debtor's WSP update deck

6 9/20/19 Zack Stone 0.5 Address comments on presentation on Debtor's WSP update deck

6 9/21/19 Brent Williams 1.8 Review and provide comments for Wildfire Safety presentation for TCC

6 9/25/19 Alex Gebert 1.2 Review news and reports re: Debtors' PSPS

7 6/10/19 Alex Gebert 2.2 Prepared for and participated in call w/ Debtors; drafted meeting notes post-meeting

7 6/10/19 Alex Stevenson 1.2 Preparation for and call with Alix Partners 

7 6/10/19 Brendan Murphy 1.3 Prepared for and participated in call with AlixPartners

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 32

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

7 6/10/19 Brent Williams 1.1 Prepared for and call with Debtors' advisors

7 6/10/19 Peter Gnatowski 1.5 Prepare for and participated in call with AP; reviewed call notes from AG

7 6/13/19 Brendan Murphy 1.5 Preparation for Mediation / settlement discussions

7 6/14/19 Alex Stevenson 6.7 Prepare for and participate in meeting with Debtors and counsel

7 6/14/19 Brendan Murphy 7.2 Preparation for and meeting with Debtor re: Mediation / settlement discussions

7 6/14/19 Brent Williams 6.9 Prepare for and meeting with Debtors

7 6/27/19 Brendan Murphy 0.3 Correspondence with Debtor re: KEIP and CEO Contract questions

7 6/29/19 Brent Williams 0.5 Discussion with AlixPartners; internal comments re: meeting

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

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 7/5/19 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 7/16/19 Alex Gebert 0.8 Prepare for and call (w/ summary notes) with Debtors re: diligence items

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

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

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

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 7/17/19 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 Brendan Murphy 1.1 Preparation for and participation on call with Debtors/UCC

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

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 33

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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

7 8/1/19 Brendan Murphy 0.4 Correspondence with Debtors re: Motion to Supplement Schedules

7 8/5/19 Brendan Murphy 0.8 Preparation for and call with Debtors re: KEIP and CEO Motions

7 8/13/19 Brendan Murphy 4.4 Preparation for and meeting with Debtors re: Wildfire Update and Tour

7 8/13/19 Peter Gnatowski 4.5 Prepared for and attended wildfire safety meeting at PG&E

7 8/20/19 Alex Gebert 1.0 Prepare for and participate in call with FAs 

7 8/20/19 Alex Gebert 1.9 Drafts summary points based on call with FAs and circulate to the team

7 8/20/19 Brendan Murphy 0.9 Preparation for and participation on call with Debtors/UCC re: Wildfire Update

7 8/20/19 Peter Gnatowski 1.0 Prepared for and participated in call with the Debtors and UCC advisors

7 8/27/19 Brendan Murphy 0.4 Correspondence with Debtor re: Insurance questions / diligence requests

7 8/27/19 Brendan Murphy 0.3 Correspondence with Debtor re: Operating Forecast Roll-Out Meeting

7 8/30/19 Brendan Murphy 0.5 Call with Debtor re: Operating Forecast and Meeting

7 8/30/19 Brendan Murphy 0.7 Preparation and call with Debtor re: Asset Sales Motion / Claims Settlement Motion

7 8/30/19 Brent Williams 0.5 Call with debtor re: business plan 

7 8/30/19 Peter Gnatowski 0.7 Prepared for and participated in call with the Debtors' re: de minimis claims and asset motion

7 8/31/19 Erik Ellingson 0.8 Prepare for and participate in call with Alix Partners re: de minimis asset sale and claims motions

7 9/3/19 Brendan Murphy 0.6 Preparation for and discussion with Debtor re: operating plan, projections and Plan

7 9/4/19 Brent Williams 0.5 Communications/Emails with debtor regarding meeting to discuss plan

7 9/4/19 Brent Williams 0.5 Discussions with debtor re: business plan meeting

7 9/5/19 Alex Gebert 3.5 Audio attendance and notes on Debtor business plan meeting and presentation

7 9/5/19 Brendan Murphy 4.0 Preparation for and in-person meeting with the Debtor re: Business Plan

7 9/5/19 Brent Williams 4.0 Preparation and Meeting at Debtors for business plan review

7 9/5/19 Matt Merkel 4.0 Prepared for and attended diligence meeting on business plan at Debtors

7 9/5/19 Peter Gnatowski 4.0 Preparation for and in-person meeting with the Debtor re: Business Plan

7 9/5/19 Zack Stone 3.5 Prepare, listen, and take notes for business plan diligence meeting

7 9/6/19 Brendan Murphy 0.3 Correspondence with Debtor re: Business Plan questions and additional diligence

7 9/6/19 Riley Jacobs 3.5 Preparation for and attendance on (telephonically) business plan meeting

7 9/9/19 Brendan Murphy 0.3 Follow-up correspondence with Debtor re: Outstanding insurance questions

7 9/10/19 Brendan Murphy 1.2 Preparation for call/meeting with Debtor re: summary of questions, issues etc.

7 9/19/19 Brendan Murphy 0.8 Preparation and call with Debtors re: outstanding diligence requests, insurance information

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 34

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

8 6/6/19 Brendan Murphy 1.4 Prepared for and call with UCC advisors

8 6/6/19 Brent Williams 1.3 Preparation for and call with UCC

8 6/6/19 Peter Gnatowski 1.3 Prepared for and participated in call with UCC advisors

8 6/6/19 Riley Jacobs 1.5 Preparation for and call with UCC Advisors

8 6/28/19 Brendan Murphy 1.1 Prepared for and call with UCC advisors

8 6/28/19 Brent Williams 1.2 Preparation for and call with UCC Advisors

8 6/28/19 Peter Gnatowski 1.2 Prepared for and participated on call with UCC 

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 6/3/19 Brent Williams 1.2 Preparation for and call with interested parties re: case strategy and interests

9 6/4/19 Brent Williams 0.8 Preparation for and call with interested parties re: term sheet 

9 6/5/19 Brent Williams 1.2 Preparation for and call with interested parties re: case interests

9 6/10/19 Alex Stevenson 1.1 Prepare for and participate in meeting with advisors to Ad Hoc Subrogation committee

9 6/10/19 Brendan Murphy 1.3 Preparation for and meeting with Rothschild

9 6/10/19 Brendan Murphy 0.9 Review of materials from Rothschild

9 6/10/19 Brent Williams 1.1 Preparation for and meeting with other advisors re: party interests

9 6/10/19 Brent Williams 0.7 Preparation for and call with other interested parties re: case interests

9 6/10/19 Peter Gnatowski 1.2 Prepared for and participated in meeting with other stakeholder advisors 

9 6/13/19 Brent Williams 0.9 Preparation for and calls with interested parties re: party interests 

9 6/17/19 Brent Williams 0.9 Preparation for and calls with interested parties re: case strategy

9 6/19/19 Brent Williams 0.8 Preparation for and calls with interested parties re: party interests 

9 6/20/19 Brent Williams 1.1 Preparation for and calls with interested parties: term sheet

9 6/21/19 Brent Williams 0.9 Preparation for and calls with interested parties re: party interests 

9 6/24/19 Brendan Murphy 1.3 Preparation for and call with Rothschild

9 6/24/19 Brent Williams 1.1 Preparation for and calls with interested parties

9 6/24/19 Peter Gnatowski 1.2 Prepare for and participate in call with interested parties

9 6/26/19 Brent Williams 2.1 Preparation for and meeting with interested parties

9 6/30/19 Brent Williams 0.5 Preparation for and call with interested party re: mutual interests

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

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 35

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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 Brendan Murphy 1.3 Preparation for and call with subrogation advisors 

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

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 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

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 Brendan Murphy 1.0 Preparation for and call with Rothschild re: 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 Peter Gnatowski 1.2 Prepared for and participated in call with Rothschild re: case discussions and open issues

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

9 7/18/19 Brent Williams 0.5 Preparation for and call with interested parties 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 Brendan Murphy 0.6 Discussion with Rothschild 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 7/22/19 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 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

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 36

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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

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

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

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

9 8/1/19 Brent Williams 0.5 Call with interested party re: case items

9 8/2/19 Brent Williams 0.5 Call with interested party re: case items

9 8/2/19 Brent Williams 0.7 Call with interested party re: potential plans

9 8/6/19 Alex Stevenson 2.0 Prepare for and participate in call with CPUC advisors

9 8/6/19 Brendan Murphy 2.1 Preparation for and meeting with Interested Party re: case strategy

9 8/6/19 Brent Williams 2.0 Meeting with Baker, CPUC and Governor’s Counsel

9 8/7/19 Brendan Murphy 0.6 Discussion with Interested Party re: term sheet

9 8/8/19 Brendan Murphy 0.6 Preparation for and call with Interested Party re: case issues

9 8/11/19 Alex Stevenson 0.5 Participate in call with Subrogation group advisors

9 8/11/19 Brent Williams 0.5 Call with interested party re: case items

9 8/12/19 Brent Williams 0.5 Call with interested party re: plan progression

9 8/14/19 Brendan Murphy 0.5 Preparation for and discussion with Interested Party re: case issues

9 8/16/19 Brent Williams 1.0 Calls with interest parties re: case issues and mutual interests

9 9/4/19 Brent Williams 2.0 Prepared for and participated in meeting with interest parties regarding plan alternatives

9 9/6/19 Brent Williams 0.6 Preparation for and calls with interested parties re: term sheets and proposals

9 9/7/19 Brent Williams 0.5 Preparation for and call with interested party re: potential financing for plans

9 9/11/19 Brendan Murphy 1.9 Preparation and analysis for meeting with key creditor group

9 9/11/19 Brent Williams 1.3 Preparation for and call with interested party re: plan of reorganization

9 9/11/19 Brent Williams 1.9 Preparation for and meeting with stakeholders re: Debtors plan

9 9/12/19 Brendan Murphy 3.1 Preparation and meeting with key creditor group (re POR)

9 9/12/19 Brent Williams 3.0 Meeting with stakeholders re: plan of reorganization and financing

9 9/12/19 Brent Williams 0.7 Preparation for and Preparation for and call with interested party re: key provisions in term sheets

9 9/13/19 Brendan Murphy 0.9 Correspondence and discussion with interested party re: key terms in term sheets

9 9/13/19 Brent Williams 0.9 Preparation for and call with interested parties re: term sheets

9 9/14/19 Brent Williams 1.3 Preparation for and calls with interested parties re: proposed term sheets and financing sources

9 9/14/19 Brent Williams 0.5 Prepared for and participated in call with interested parties re: financing

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 37

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

9 9/14/19 Peter Gnatowski 0.5 Prepared for and participated in call with interested parties re: funding sources

9 9/17/19 Brendan Murphy 2.0 Preparation and meeting with key creditor group re: potential plan of reorganization

9 9/17/19 Brent Williams 2.0 Preparation for meeting with stakeholders re: plan of reorganization

9 9/17/19 Brent Williams 0.7 Preparation for and call with interested party re: potential financing for plans

9 9/17/19 Brent Williams 0.6 Preparation for and call with interested party re: wildfire liabilities and term sheet

9 9/17/19 Brent Williams 1.0 Meeting with stakeholders regarding plan proposal

9 9/19/19 Brendan Murphy 0.9 Preparation and call with key creditor group re: treatment of claims

9 9/19/19 Brent Williams 1.0 Preparation for and call with interested party re: treatment of wildfire claims

9 9/19/19 Brent Williams 0.5 Preparation for and call with interested party re: term sheets and related topics

9 9/20/19 Brendan Murphy 1.0 Preparation and call with Counsel and key creditor group (call #1) re: plan or reorg

9 9/20/19 Brendan Murphy 0.8 Preparation and call with Counsel and key creditor group (call #2) re: plan of reorg

9 9/20/19 Brendan Murphy 0.8 Correspondence and discussion with interested party re: key terms in term sheets

9 9/20/19 Brent Williams 1.0 Correspondence to stakeholders regarding plan process

9 9/20/19 Brent Williams 0.5 Preparation for and call with stakeholders on plan process

9 9/20/19 Brent Williams 1.8 Preparation for and call(s) with interested parties re: process for developing term sheet

9 9/21/19 Brent Williams 1.5 Preparation for and calls with interested party re: term sheets

9 9/21/19 Brent Williams 1.0 Preparation for and call with plan stakeholders re: treatment of claims

9 9/22/19 Brendan Murphy 0.7 Preparation for and discussion with interested party re: plan of reorganization

9 9/22/19 Brent Williams 0.7 Preparation for and call with interested party re: plan term sheet 

9 9/23/19 Brent Williams 1.0 Preparation for and call with interested party re: RSA agreement

9 9/23/19 Brent Williams 0.7 Preparation for and call with interested party re: funding sources 

9 9/24/19 Brent Williams 0.7 Preparation for and call with interested party re: key factors in plan of reorg

9 9/24/19 Brent Williams 0.5 Preparation for and call with interested party re: debt financing for plan

9 9/25/19 Brendan Murphy 0.5 Preparation for and discussion with interested party re: plan of reorganization

9 9/25/19 Brent Williams 0.4 Preparation for and participation in call with interested party re: term sheets

9 9/25/19 Brent Williams 0.5 Preparation for and participation in call with interested party re: proposed term sheet and treatment of claims

9 9/25/19 Peter Gnatowski 0.5 Prepared for and participated in calls with interested party re: updated term sheet and assumptions

9 9/26/19 Alex Stevenson 0.5 Correspondence re: meeting with stakeholders

9 9/26/19 Brent Williams 0.6 Prepared for and participated in calls with interested party re: treatment of wildfire claims

10 6/3/19 Brendan Murphy 0.7 Preparation for and discussion with Counsel re: fee application

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 38

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

10 6/4/19 Brendan Murphy 0.9 Preparation and correspondence with Counsel re: Analysis of public documents

10 6/4/19 Brendan Murphy 0.8 Preparation for and correspondence with Counsel re: CF variance analysis and MOR

10 6/4/19 Brent Williams 0.5 Preparation for and communication with counsel re: case strategy

10 6/5/19 Brendan Murphy 1.3 Analysis and diligence for Counsel re: Operating expenditures

10 6/5/19 Brendan Murphy 1.0 Preparation for and correspondence with Counsel re: Changes to Wildfire materials for TCC

10 6/5/19 Brent Williams 0.8 Preparation for and communication with counsel re: committee materials

10 6/6/19 Brendan Murphy 0.8 Preparation, discussion and correspondence with Counsel re: Changes to Wildfire materials for TCC

10 6/6/19 Brent Williams 1.0 Preparation for and communication with counsel re: TCC materials

10 6/7/19 Brendan Murphy 1.1 Analysis and diligence for Counsel re: Capital expenditures

10 6/7/19 Brent Williams 0.7 Preparation for and communication with counsel re: case strategy

10 6/8/19 Brent Williams 1.0 Preparation for and communication with counsel re: committee materials

10 6/8/19 Brent Williams 1.1 Preparation for and communication with counsel re: bondholder term sheet

10 6/10/19 Brendan Murphy 2.1 Confidential Analysis for Counsel re: Meeting with TCC members

10 6/10/19 Brendan Murphy 0.8 Preparation, correspondence, and discussion with Counsel re: documents for TCC

10 6/10/19 Matt Merkel 2.6 Researched questions from counsel in preparation for TCC meeting re: recoveries

10 6/11/19 Brendan Murphy 1.1 Analysis and diligence for Counsel re: Capital expenditures

10 6/11/19 Brendan Murphy 1.1 Analysis for Counsel re: meeting with TCC members

10 6/11/19 Brendan Murphy 0.6 Preparation, correspondence, and discussion with Counsel re: finalizing documents for TCC

10 6/11/19 Brent Williams 0.6 Communication with counsel re: TCC agenda and materials

10 6/11/19 Peter Gnatowski 0.6 Prepare for and participate in call with counsel re: other liabilities disclosure analysis

10 6/13/19 Brent Williams 1.5 Preparation for TCC meeting and pre-meeting with counsel 

10 6/16/19 Brent Williams 0.6 Preparation for and discussion with counsel re: plan process and strategy

10 6/17/19 Brendan Murphy 1.6 Confidential Analysis for Counsel re: Materials for TCC members

10 6/17/19 Brendan Murphy 0.9 Correspondence / discussion with Counsel re: documents for TCC

10 6/17/19 Brent Williams 0.8 Preparation for and discussion with counsel re: plan process presentation for TCC

10 6/17/19 Peter Gnatowski 0.2 Reviewed critical dates memo prepared by counsel

10 6/17/19 Peter Gnatowski 2.8 Reviewed and edited presentation on plan process per counsel request

10 6/18/19 Brendan Murphy 0.9 Correspondence / discussion with Counsel re: POR, Term Sheet, and Case Strategy

10 6/18/19 Brent Williams 0.9 Preparation for and discussion with counsel re: case timeline and plan process

10 6/18/19 Peter Gnatowski 1.4 Additional edits to bankruptcy process presentation based on comments from counsel

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 39

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

10 6/19/19 Brendan Murphy 1.1 Correspondence / discussion with Counsel re: bondholder proposal

10 6/19/19 Brendan Murphy 0.6 Correspondence / discussion with Counsel re: Mutual Assistance Motion

10 6/19/19 Brendan Murphy 0.5 Correspondence / discussion with Counsel re: Plan Process

10 6/19/19 Brent Williams 0.8 Preparation for and discussion with counsel re: bondholder proposal

10 6/20/19 Brent Williams 0.6 Preparation for and discussion with counsel re: TCC meeting

10 6/21/19 Brent Williams 0.7 Preparation for and discussion with counsel re: wildfire documents and update

10 6/21/19 Brent Williams 1.3 Discussions with counsel re: term sheets

10 6/21/19 Brent Williams 0.7 Discussions with counsel re: case strategy and interested party update

10 6/24/19 Alex Gebert 0.9 Address wildfire questions from Counsel

10 6/24/19 Brent Williams 1.2 Preparation for and discussion with counsel re: case strategy

10 6/24/19 Peter Gnatowski 0.3 Respond to questions from counsel re: wildfire liabilities

10 6/24/19 Peter Gnatowski 0.5 Review and comment on Williams declaration re: relief from stay

10 6/24/19 Peter Gnatowski 0.4 Discussion with counsel re: KEIP motion

10 6/25/19 Brendan Murphy 0.6 Correspondence / discussion with Counsel re: Debtor's due diligence responses

10 6/25/19 Brendan Murphy 0.7 Correspondence / discussion with Counsel re: KEIP and CEO Contract

10 6/25/19 Brent Williams 0.5 Preparation for and discussion with counsel re: KEIP and CEO motion

10 6/25/19 Peter Gnatowski 0.3 Emails and research re: real estate questions from counsel

10 6/27/19 Brendan Murphy 0.8 Correspondence / discussion with Counsel re: Debtor's diligence deficiencies

10 6/27/19 Peter Gnatowski 1.4 Reviewed prior due diligence request lists per counsel request; discussions with team re: same

10 6/28/19 Brendan Murphy 0.9 Correspondence / discussion with Counsel re: Debtor's diligence deficiencies

10 6/29/19 Brent Williams 0.5 Discussions with counsel re: outstanding diligence items

10 6/30/19 Brendan Murphy 0.9 Correspondence with Counsel re: Lazard fee statement

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 Brendan Murphy 0.8 Communications with and diligence for Counsel re: real estate analysis and other hard assets

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

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

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 40

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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

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

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

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 Brendan Murphy 0.8 Preparation for and communications with Counsel re: TCC Term sheet and changes

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

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 Brendan Murphy 0.7 Preparation for and correspondence with Counsel re: CEO Retention and Economics

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

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 Brendan Murphy 0.8 Preparation for, correspondence and call with Counsel re: CEO Retention and Economics

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

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 41

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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

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 Brent Williams 1.1 Preparation for and communications with Counsel re: Term sheets

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

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

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

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 Brendan Murphy 0.3 Discussion with Counsel re: PPAs and Related Analysis

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

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 Brent Williams 1.0 Preparation for and meeting with Counsel re: case strategy, term sheets received, and next committee meeting

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

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

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

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

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 Brent Williams 1.0 Preparation for and communication with counsel re: plan process motion and observations

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

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 42

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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

10 8/1/19 Brendan Murphy 0.3 Correspondence with Counsel re: Motion to Supplement Schedules

10 8/1/19 Brendan Murphy 1.9 Support and analysis for TCC Counsel re: PG&E First Quarter Financial Report

10 8/1/19 Brendan Murphy 0.8 Analysis and summary for Counsel re: Subro claims / holdings

10 8/1/19 Brent Williams 0.9 Call with counsel re: competing plan protocol

10 8/2/19 Brendan Murphy 0.6 Correspondence and discussion with Counsel re: Discovery document on Wildfire Claims / Treatment

10 8/2/19 Brendan Murphy 0.9 Review of Deposition for Counsel re: James Mesterharm 

10 8/4/19 Brendan Murphy 0.8 Research for Counsel re: Confidential matters

10 8/5/19 Alex Stevenson 0.3 Review and discuss internally correspondence from counsel re: potential asset sale

10 8/5/19 Brendan Murphy 0.4 Internal summary of notes for Counsel re: KEIP and CEO Motions

10 8/6/19 Brendan Murphy 0.3 Discussion with Counsel re: Estimation Brief

10 8/6/19 Brendan Murphy 0.6 Correspondence and discussion with Counsel re: insurance policy overview 

10 8/7/19 Alex Stevenson 0.7 Preparation for and participation in call with counsel re: asset sale 

10 8/7/19 Brent Williams 0.5 Correspondence with counsel on government claims and impact to TCC

10 8/7/19 Brent Williams 0.5 Call with counsel re: CCAs

10 8/8/19 Brendan Murphy 0.9 Correspondence and discussion with Counsel re: case strategy

10 8/8/19 Brendan Murphy 0.3 Correspondence with Counsel re: Draft motions from the Debtor

10 8/8/19 Brent Williams 0.5 Correspondence with Counsel re: Subro term sheet

10 8/9/19 Brent Williams 1.0 Preparation for and call with counsel on Knighthead term sheet analysis

10 8/12/19 Brendan Murphy 0.8 Correspondence and discussion with Counsel re: term sheets and case strategy

10 8/12/19 Brent Williams 0.5 Correspondence to counsel re: UCC proposed timeline on estimation

10 8/12/19 Brent Williams 0.7 Call with counsel re: plan timeline

10 8/12/19 Brent Williams 1.0 Discussions with counsel re: UCC protocol timeline

10 8/12/19 Peter Gnatowski 0.8 Prepared for and participated in call with counsel re: plan process

10 8/13/19 Brendan Murphy 0.5 Correspondence with Counsel re: Business Plan

10 8/13/19 Brent Williams 0.5 Correspondence to counsel re: business plan timing

10 8/15/19 Alex Gebert 1.0 Sort and summarize production information on Debtors' data room per Counsel's request

10 8/15/19 Alex Stevenson 0.2 Call with counsel re: asset sale issues

10 8/15/19 Brent Williams 0.5 Call with counsel re: TCC call

10 8/16/19 Brendan Murphy 0.8 Correspondence and discussion with Counsel re: discovery documents

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 43

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

10 8/16/19 Brendan Murphy 0.6 Correspondence and discussion with Counsel re: business plan update

10 8/16/19 Brent Williams 0.5 Correspondence to counsel re: business plan timing update

10 8/16/19 Peter Gnatowski 0.5 Reviewed files and data room re: production per counsel's request

10 8/17/19 Brendan Murphy 0.3 Discussion with Counsel re: Effect of Exclusivity Ruling

10 8/17/19 Brent Williams 0.8 Correspondence to counsel – Court Rulings

10 8/19/19 Alex Stevenson 0.5 Call with counsel re: asset sale proceeds allocation

10 8/19/19 Brent Williams 1.5 Correspondence to counsel and committee members re: Suborn proposal 

10 8/20/19 Brendan Murphy 0.2 Correspondence with Counsel re: Business Plan

10 8/20/19 Brent Williams 1.0 Correspondence with counsel and committee members re: working group

10 8/21/19 Brendan Murphy 0.3 Correspondence with Counsel re: Insurance Policies and related diligence

10 8/21/19 Brendan Murphy 0.4 Correspondence with Counsel re: Wildfire spend

10 8/21/19 Brent Williams 1.5 Correspondence and correspondence with committee members regarding Suborn proposal.

10 8/21/19 Brent Williams 0.5 Call with counsel re: Suborn proposal.

10 8/22/19 Alex Stevenson 0.8 Correspondence with counsel re: AB235

10 8/22/19 Brent Williams 0.5 Call with counsel re: estimation process 

10 8/22/19 Brent Williams 1.1 Correspondence with counsel re: AB235; reviewed internal summary

10 8/22/19 Matt Merkel 1.1 Prepared for and participated in call with Jerry Bloom on AB235 amendments

10 8/22/19 Sherman Guillema 0.8 Prepared for and participated in call with counsel on AB235 amendments

10 8/23/19 Brendan Murphy 0.6 Correspondence with Counsel re: negotiations and status update

10 8/23/19 Brent Williams 0.5 Call with counsel re: estimation process and timeline 

10 8/23/19 Brent Williams 0.5 Prepare for and call with counsel re: plan proposals

10 8/23/19 Brent Williams 0.5 Call with counsel re: proposals and analysis for sub-committee

10 8/23/19 Matt Merkel 0.1 Call with counsel re: AB235

10 8/24/19 Brent Williams 0.5 Correspondence with counsel re: plan proposals and recovery

10 8/25/19 Alex Stevenson 2.3 Prepare for and participate in call with counsel re: AB235 implications

10 8/25/19 Brendan Murphy 1.8 Financial analysis for Counsel re: TCC Committee request of scenarios

10 8/25/19 Brent Williams 0.5 Correspondence with counsel re: scenarios under plans per counsel's request

10 8/25/19 Matt Merkel 1.6 Prepared for an participated in call with Jerry Bloom re: regulatory items

10 8/26/19 Brent Williams 1.0 Correspondence with counsel regarding AB235

10 8/27/19 Brendan Murphy 0.9 Correspondence and discussion with Counsel re: De minimis asset sale and settlement procedures

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 44

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

10 8/27/19 Brent Williams 0.5 Correspondence with counsel re: plan process

10 8/27/19 Brent Williams 0.5 Review Baker comments on AB235

10 8/28/19 Brent Williams 0.5 Correspondence with counsel re: TCC meeting

10 8/29/19 Brendan Murphy 0.4 Correspondence and discussion with Counsel re: De minimis asset sale and settlement procedures based on 

discussions with Debtors

10 8/30/19 Brendan Murphy 0.4 Correspondence with Counsel re: Asset Sales Motion / Claims Settlement Motion

10 8/30/19 Brent Williams 0.5 Correspondence with counsel re: timing of business plan

10 9/3/19 Brent Williams 0.5 Review and respond to emails from counsel regarding plan alternatives

10 9/4/19 Brendan Murphy 1.5 Meeting with Counsel re: strategy, Plan, term sheets, creditor meetings

10 9/4/19 Brent Williams 0.5 Correspondences with counsel regarding meeting with debtor

10 9/4/19 Brent Williams 0.5 Call with counsel regarding plan alternatives

10 9/4/19 Brent Williams 1.5 Meeting with counsel regarding plan alternatives and strategy

10 9/4/19 Peter Gnatowski 1.5 Meeting with counsel and team re: case strategy and planning

10 9/5/19 Brent Williams 0.5 Call with counsel re: business plan

10 9/6/19 Brent Williams 0.5 Correspondences with counsel regarding plan value

10 9/9/19 Brendan Murphy 1.3 Communications and discussions with Counsel re: Debtors' POR

10 9/9/19 Brent Williams 1.3 Communication with counsel re meetings with stakeholders

10 9/10/19 Brendan Murphy 0.8 Communications and discussions with Counsel re: Debtors POR

10 9/10/19 Brent Williams 0.8 Calls with counsel re: debtor plan 

10 9/11/19 Brendan Murphy 1.4 Communications and discussions with Counsel re: Debtors' POR, Strategy

10 9/11/19 Brent Williams 1.4 Discussions with counsel re: plan process

10 9/13/19 Brendan Murphy 0.6 Strategy discussion with TCC Counsel re: Subro settlement

10 9/13/19 Brendan Murphy 0.8 Discussion with Counsel re: Settlement with key creditor group

10 9/13/19 Brent Williams 0.6 Correspondences with counsel regarding Subrogation settlement 

10 9/14/19 Brent Williams 1.2 Call with counsel regarding plan proposal 

10 9/15/19 Brent Williams 0.5 Correspondences to counsel regarding stakeholder meetings 

10 9/16/19 Brent Williams 1.0 Correspondences with counsel regarding plan proposal

10 9/17/19 Brendan Murphy 0.9 Preparation with TCC Counsel re: TCC Committee call

10 9/17/19 Brent Williams 1.2 Meeting with counsel on plan proposal

10 9/17/19 Brent Williams 1.8 Prepared for and participated in meeting with counsel re: plan values, impact of settlement, strategy

10 9/18/19 Brendan Murphy 1.5 Calls and Correspondences with Counsel re: Plan negotiations and settlement discussions

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 45

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

10 9/18/19 Brent Williams 1.5 Correspondences with counsel regarding plan term sheet

10 9/20/19 Brendan Murphy 0.4 Correspondences with Counsel re: plan negotiations 

10 9/20/19 Brent Williams 0.4 Correspondences to counsel regarding plan process

10 9/21/19 Brent Williams 0.7 Correspondences with counsel regarding Subrogation proposal 

10 9/22/19 Brent Williams 0.4 calls with counsel re: Subrogation proposal

10 9/22/19 Brent Williams 0.5 Correspondences to counsel on plan process 

10 9/23/19 Alex Stevenson 0.7 Call with counsel re: response to discovery request

10 9/23/19 Brendan Murphy 0.6 Calls with Counsel re: PG&E RFPs regarding Motion to Terminate Exclusivity

10 9/23/19 Brendan Murphy 1.1 Call and correspondence with Counsel re: Discovery answers

10 9/23/19 Brendan Murphy 0.7 Call and correspondence with Counsel re: 2019 holdings

10 9/23/19 Brent Williams 1.7 Preparation for and call with counsel re: discovery request 

10 9/24/19 Alex Stevenson 0.4 Email correspondence with counsel re: potential declarations

10 9/24/19 Brendan Murphy 0.4 Call and correspondence with Counsel re: analysis of 2019 holdings and observations

10 9/24/19 Brent Williams 0.5 Call with counsel regarding updates from status conference

10 9/27/19 Brendan Murphy 0.9 Calls and Correspondences with Counsel re: TCC Meeting

10 9/29/19 Brent Williams 1.0 Correspondences with counsel regarding meeting schedule and agenda topics

10 9/30/19 Brendan Murphy 0.9 Call and correspondence with Counsel re: depositions

11 6/18/19 Brendan Murphy 1.5 Review and Comments to Pleadings and Related Declaration re: Relief from Stay

11 6/20/19 Brendan Murphy 1.5 Addition review and comment on Relief from Stay Declaration

11 6/20/19 Brent Williams 1.6 Review and comment on declaration for relief from stay

11 6/24/19 Brendan Murphy 1.9 Review and Comments to Pleadings and Related Declaration re: Relief from Stay

11 6/24/19 Brent Williams 1.8 Review and comment Relief of Stay draft and related declaration

11 6/29/19 Brendan Murphy 0.7 Review and Comments to Pleadings and Related Declaration re: Relief from Stay

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 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

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 46

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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 Riley Jacobs 2.7 Pull shareholder group holdings and historical changes in share per quarter for declaration

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 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 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 

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 Peter Gnatowski 0.8 Reviewed draft declaration from MM

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

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 Sherman Guillema 2.0 Reviewed and provided feedback on draft July Declaration

11 8/1/19 Brendan Murphy 0.5 Research for Counsel re: Household claim data

11 8/1/19 Peter Gnatowski 0.6 Discussions with junior bankers re: additional analysis for declaration

11 8/1/19 Peter Gnatowski 1.2 Reviewed additional analysis prepared by junior banker re: PG&E securities

11 8/1/19 Peter Gnatowski 2.5 Reviewed and edits to BW declaration re: PG&E securities

11 8/1/19 Peter Gnatowski 1.8 Additional edits to BW declaration re: PG&E securities

11 8/1/19 Riley Jacobs 2.3 Research additional securities analysis for declaration per senior banker feedback

11 8/1/19 Riley Jacobs 2.6 Internal communication and additional edits to TCC declaration and excel

11 8/1/19 Riley Jacobs 2.0 Draft and compile exhibits for TCC securities declaration

11 8/1/19 Riley Jacobs 2.1 Edits to exhibits for TCC securities declaration

11 8/2/19 Brendan Murphy 2.8 Research and Analysis for Counsel re: Data for Declaration and Response Pleading

11 8/2/19 Brendan Murphy 2.1 Reviewed and comment to BW declaration for counsel 

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 47

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

11 8/2/19 Peter Gnatowski 2.4 Continued edits and write-up of BW declaration re: PG&E securities

11 8/2/19 Peter Gnatowski 0.8 Discussions with junior bankers re: various analysis and research on PG&E securities

11 8/2/19 Peter Gnatowski 1.0 Edits to declaration based on comments from BM

11 8/2/19 Peter Gnatowski 2.3 Edits and updates to BW declaration re: analysis prepared from junior team

11 8/2/19 Riley Jacobs 2.4 Internal conversation and edits to TCC declaration

11 8/2/19 Riley Jacobs 1.6 Revise exhibits for TCC declaration

11 8/2/19 Riley Jacobs 1.7 Internal discussion and additional edits to TCC declaration based on senior banker comments

11 8/3/19 Brendan Murphy 2.4 Research and Analysis for Counsel re: Data for Declaration and Response Pleading

11 8/3/19 Brent Williams 2.5 Review and comment on declaration

11 8/5/19 Peter Gnatowski 1.2 Edits to summary securities analysis to counsel

11 8/6/19 Brendan Murphy 1.8 Reviewed and edited updated BW declaration for counsel

11 9/19/19 Alex Stevenson 1.2 Review joint motion to terminate exclusivity and provide comments

11 9/19/19 Brendan Murphy 1.7 Review comments to counsel on motion to terminate exclusivity

11 9/19/19 Brent Williams 2.0 Reviewed and commented on exclusivity motion draft

11 9/19/19 Peter Gnatowski 1.0 Reviewed exclusivity motion draft; internal correspondence re: observations

12 6/2/19 Brent Williams 1.0 Preparation for and communication with TCC members re: waterfall and recoveries

12 6/3/19 Brent Williams 1.1 Preparation for and communication with committee members re: waterfall

12 6/3/19 Brent Williams 1.0 Review and comment on materials for committee member meeting

12 6/4/19 Brendan Murphy 1.4 Review and comments to waterfall analysis / presentation for Committee

12 6/4/19 Brent Williams 1.2 Preparation for and communication with committee members re: case strategy

12 6/5/19 Brent Williams 1.2 Additional comments on updated committee presentations re: waterfall and recoveries

12 6/6/19 Brendan Murphy 1.2 Review and comments to waterfall analysis / presentation for Committee

12 6/6/19 Brent Williams 1.9 Review and comment on waterfall analysis for TCC

12 6/7/19 Brent Williams 0.8 Preparation for and Discussion (Internal) on committee related presentation materials 

12 6/7/19 Peter Gnatowski 1.5 Edits to waterfall presentation for TCC

12 6/9/19 Brent Williams 1.3 Internal comments re: analyses and materials for TCC meeting 

12 6/10/19 Brendan Murphy 0.7 Preparation for and internal discussion and analysis re: meeting with TCC members

12 6/10/19 Brent Williams 2.3 Review committee materials

12 6/10/19 Brent Williams 1.0 Preparation for and Discussion (Internal) on committee related matters and analysis for meeting

12 6/10/19 Peter Gnatowski 0.5 Reviewed Committee site and updated documents from counsel

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of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

12 6/10/19 Peter Gnatowski 1.5 Updated TCC presentation re: bondholder proposal based on internal comments

12 6/10/19 Peter Gnatowski 1.8 Additional edits to waterfall analysis and presentation for TCC

12 6/11/19 Brent Williams 1.8 Review materials for committee meeting

12 6/12/19 Alex Gebert 2.2 Organization, summarize, and distribute recent items uploaded to committee data room

12 6/12/19 Alex Stevenson 5.6 Prepare for and participate in call with the Committee

12 6/12/19 Brendan Murphy 5.5 Preparation for and participation on Committee call

12 6/12/19 Brent Williams 2.5 Visit to Ghost Ship site for Committee meeting

12 6/12/19 Brent Williams 5.5 Preparation for and meeting with Committee

12 6/12/19 Brent Williams 0.8 Preparation for and Discussion (Internal) on committee meetings and materials

12 6/12/19 Peter Gnatowski 0.5 Edits to bondholder proposal presentation to TCC

12 6/12/19 Peter Gnatowski 5.5 Prepare for and participate in TCC committee meeting

12 6/13/19 Alex Stevenson 3.5 Prepare for and participate in meeting with members of the TCC and counsel

12 6/13/19 Brendan Murphy 3.8 Preparation for and meeting with Counsel and TCC members

12 6/13/19 Brent Williams 3.5 Preparation for and meeting with Committee

12 6/13/19 Brent Williams 1.2 Review and comment on committee materials 

12 6/13/19 Matt Merkel 3.5 Preparation for and discussion in meeting with members of TCC and counsel

12 6/14/19 Brent Williams 0.9 Preparation for and Discussion (Internal) on committee related matters and presentations for meeting

12 6/17/19 Alex Gebert 2.0 Drafted Negotiating Process re: Plan of Reorganization presentation for TCC

12 6/17/19 Brendan Murphy 2.6 Created and Amended Committee Materials re: Flow Chart Requested by Counsel

12 6/17/19 Brent Williams 2.3 Review and comment on reorganization presentation for TCC

12 6/17/19 Peter Gnatowski 1.8 Edits to presentation on reorganization process per comments from BM

12 6/18/19 Alex Gebert 2.5 Edits to negotiating Process re: Plan of Reorganization presentation based on internal comments

12 6/18/19 Alex Stevenson 0.5 Review and comment on presentation to the TCC

12 6/18/19 Brendan Murphy 1.2 Analysis for Counsel re: Materials for TCC members

12 6/18/19 Brendan Murphy 2.1 Amended and Commented on Committee Materials re: Flow Chart Requested by Counsel

12 6/18/19 Peter Gnatowski 1.4 Additional edits to waterfall analysis and related presentation for TCC

12 6/19/19 Brendan Murphy 1.8 Analysis of bondholder proposal and related presentation for Counsel/Committee

12 6/19/19 Brent Williams 1.1 Preparation for and Discussion (Internal) on presentation and analysis for committee meeting

12 6/19/19 Brent Williams 1.9 Review and comment on committee materials 

12 6/20/19 Alex Stevenson 1.7 Preparation for and participate in call with counsel and committee members

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of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

12 6/20/19 Alex Stevenson 2.3 Preparation for and participation in call with TCC

12 6/20/19 Brendan Murphy 1.7 Preparation and call with select TCC members and Counsel re: case strategy, waterfall, valuation

12 6/20/19 Brendan Murphy 2.5 Preparation and call with all Committee members and Counsel re: weekly meeting/call

12 6/20/19 Brent Williams 2.1 Review and comment on presentation and analysis to select TCC members 

12 6/20/19 Brent Williams 2.3 Preparation for and call with committee

12 6/20/19 Brent Williams 1.6 Preparation and call with select TCC members

12 6/20/19 Peter Gnatowski 2.5 Prepared for and participated in TCC meeting 

12 6/21/19 Brendan Murphy 1.3 Comments on analysis of bondholder proposal and related presentation for TCC

12 6/25/19 Brendan Murphy 2.0 Analysis of Bondholder Proposal and Related Presentation for Counsel/Committee

12 6/25/19 Brent Williams 0.6 Review and comment on committee materials 

12 6/25/19 Peter Gnatowski 1.8 Edits to TCC presentation of bondholder plan based on internal comments

12 6/25/19 Peter Gnatowski 2.1 Additional edits to TCC presentation on bondholder analysis based on comments from BW and AS

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of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

12 6/26/19 Brendan Murphy 1.9 Analysis of Bondholder Proposal and Related Presentation for Counsel/Committee

12 6/27/19 Brendan Murphy 1.8 Additional comments of bondholder proposal and Related Presentation for Counsel/Committee

12 6/27/19 Brendan Murphy 3.5 Preparation for participation on TCC committee call/meeting

12 6/27/19 Brent Williams 3.6 Preparation and participation on Committee call

12 6/27/19 Brent Williams 1.5 Review and comment on bondholder presentation for Committee

12 6/27/19 Peter Gnatowski 3.6 Prepared for and participated in Committee call

12 6/27/19 Peter Gnatowski 2.1 Edits to bondholder analysis presentation for TCC based on comments from counsel and BW

12 6/28/19 Brendan Murphy 1.2 Amendments to TCC presentation re: Mutual Assistance Motion 

12 6/28/19 Brent Williams 0.7 Reviewed TCC presentation on PE settlement and insurance summary 

12 6/28/19 Peter Gnatowski 1.5 Reviewed and modified summary presentation for TCC re: settlement with PE

12 6/28/19 Peter Gnatowski 1.0 Reviewed and modified updated insurance summary and presentation for TCC

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

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 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 7/8/19 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

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 51

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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

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

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

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

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 7/9/19 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 7/10/19 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 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 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 7/10/19 Peter Gnatowski 5.0 Prepared for and participated in Committee call

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 Brendan Murphy 1.9 Preparation for and call with Select TCC Members re: Confidential Term Sheet

12 7/16/19 Brent Williams 1.7 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 7/17/19 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 7/23/19 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

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

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 52

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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 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 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 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 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

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 8/1/19 Alex Stevenson 2.7 Prepare for and participate in call with the TCC

12 8/1/19 Brendan Murphy 3.0 Preparation for and participation on TCC Committee call/meeting

12 8/1/19 Brent Williams 2.8 Prepare for and participate in committee meeting call

12 8/1/19 Peter Gnatowski 3.0 Prepare for and participate in TCC weekly meeting

12 8/8/19 Alex Gebert 1.5 Draft and review of committee presentation for upcoming meeting re: term sheets

12 8/8/19 Brendan Murphy 0.8 Review of TCC Presentation and related comments re: Knighthead and Abrams proposal(s)

12 8/8/19 Peter Gnatowski 1.4 Edits to TCC presentation on Knighthead proposal based on internal comments

12 8/8/19 Peter Gnatowski 2.9 Additional edits to Knighthead term sheet analysis; internal emails re: same

12 8/11/19 Naeem Muscatwalla 1.0 Review and circulate new documents posted to TCC's data room 

12 8/15/19 Alex Stevenson 3.0 Prepare for and participate in Committee call

12 8/15/19 Brendan Murphy 3.3 Preparation for and participation on TCC Committee call (telephonic)

12 8/15/19 Brent Williams 3.0 Prepare for and participate in TCC call

12 8/15/19 Peter Gnatowski 3.1 Prepared for and participated in TCC call

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 53

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

12 8/18/19 Brent Williams 1.0 Call with committee members

12 8/22/19 Alex Stevenson 2.0 Prepare for and participate in TCC call

12 8/22/19 Brendan Murphy 2.0 Preparation for and participation on TCC Committee Call

12 8/22/19 Brendan Murphy 1.0 Internal discussion w BW re: TCC Strategy and on-going negotiations

12 8/22/19 Brent Williams 1.2 Internal discussion re: term sheet negotiations; reviewed updated analysis

12 8/22/19 Brent Williams 2.0 Prepare for and participate in TCC call

12 8/22/19 Peter Gnatowski 2.2 Prepared for and participated in TCC Call

12 8/23/19 Alex Gebert 1.9 Prepare for and participate in sub-committee call re: plan proposals

12 8/23/19 Alex Stevenson 1.0 Prepare for and participate in subcommittee TCC call

12 8/23/19 Brendan Murphy 0.5 Internal correspondence with senior banker re: TCC Meeting and deliverables

12 8/23/19 Brendan Murphy 1.0 Preparation for and participation on TCC Sub-Committee call re: term sheets / proposals

12 8/23/19 Brent Williams 0.5 Call with internal team re: subcommittee meeting and presentation 

12 8/23/19 Brent Williams 1.2 Prepare for and call with committee members re: plan proposals

12 8/23/19 Peter Gnatowski 1.0 Prepared for and participated in TCC sub-committee call

12 8/24/19 Brent Williams 0.5 Emails with committee members re: plan proposals

12 8/26/19 Brendan Murphy 0.4 Internal correspondence re: TCC Meeting and deliverables

12 8/26/19 Brent Williams 1.2 Correspondence with committee members regarding AB235 implications on PG&E

12 8/26/19 Naeem Muscatwalla 1.3 Review of new items posted to TCC's data room by counsel

12 8/27/19 Brent Williams 1.0 Internal correspondence re: observations on materials and analyses for committee meeting

12 8/27/19 Peter Gnatowski 1.8 Reviewed and comment on final update presentation for TCC meeting

12 8/27/19 Zack Stone 1.0 Finalize materials for TCC meeting

12 8/28/19 Alex Stevenson 8.0 Participate in TCC in person meeting

12 8/28/19 Alex Stevenson 0.8 Coordinate with AS re: plan negotiations

12 8/28/19 Brendan Murphy 2.1 Preparation for TCC in-person meeting on 8/29, review of presentations for TCC 

12 8/28/19 Brendan Murphy 0.8 Internal discussion w AS re: TCC Strategy and on-going negotiations

12 8/28/19 Brent Williams 1.5 Review and comment on TCC committee presentation materials

12 8/29/19 Brendan Murphy 8.0 TCC in-person committee meeting in Santa Rosa

12 8/29/19 Brent Williams 8.0 Prepare for and site visit to north bay fire area and in-person committee meeting

12 8/29/19 Peter Gnatowski 3.5 Prepared for and participated in TCC meeting (only telephonic portion)

12 8/30/19 Brendan Murphy 0.5 Internal correspondence w BW re: settlement discussions

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 54

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

12 8/30/19 Brent Williams 0.5 Discussions with BM re: negotiations on plan

12 9/3/19 Alex Stevenson 1.1 Prepare for and participate in call with TCC sub-committee

12 9/3/19 Brendan Murphy 1.1 Call with TCC sub-committee re: plan

12 9/3/19 Brent Williams 1.1 Call with counsel and committee members regarding plan alternatives

12 9/4/19 Brent Williams 0.6 Meeting with committee members regarding plan alternatives

12 9/5/19 Brent Williams 0.4 Call with committee members re: plan values and competing plans

12 9/6/19 Brendan Murphy 0.9 Review of TCC Materials uploaded to Opus site from Counsel re: Confidential

12 9/6/19 Naeem Muscatwalla 2.3 Research and review of documents and memos posted to TCC's data room; internal distribution 

12 9/7/19 Brent Williams 1.0 Correspondences with counsel and committee members regarding plan alternatives

12 9/9/19 Brent Williams 0.3 Emails with committee members regarding meeting with stakeholders

12 9/9/19 Brent Williams 1.2 Calls with committee members and counsel regarding Debtors' Plan 

12 9/11/19 Brent Williams 0.9 Correspondences to counsel and committee regarding Debtors Plan

12 9/11/19 Brent Williams 0.6 Emails to committee regarding plan process

12 9/12/19 Alex Stevenson 2.1 Prepare for and participate in telephonic meeting of TCC

12 9/12/19 Brendan Murphy 0.9 Internal discussions re: scenarios, analysis, assumptions and strategy for TCC Materials

12 9/12/19 Brendan Murphy 2.0 Preparation for and call with TCC

12 9/12/19 Brent Williams 2.1 Participate in TCC meeting

12 9/12/19 Brent Williams 1.0 Internal coordination re: TCC materials for meeting

12 9/12/19 Peter Gnatowski 2.0 Prepared for and participated in TCC weekly call

12 9/13/19 Brendan Murphy 0.8 Discussions with BW, re: negotiations with interested party and key creditor group

12 9/13/19 Brent Williams 0.9 Internal discussions with BM re: negotiation with creditor group and other interested party

12 9/14/19 Brendan Murphy 1.3 Internal discussions re: scenarios, analysis, assumptions and strategy for TCC Materials

12 9/14/19 Brent Williams 1.2 Internal discussions with BM re: negotiations and materials for TCC meeting

12 9/14/19 Brent Williams 1.0 Call with committee members re: value under plans

12 9/16/19 Brendan Murphy 2.1 Comments and changes to TCC presentation materials re: settlement discussions

12 9/16/19 Brent Williams 1.0 Call with committee members re: plan values and Subrogation settlement

12 9/17/19 Alex Stevenson 1.5 Prepare for and participate in call with the TCC

12 9/17/19 Alex Stevenson 0.8 Review / comment on discussion materials for TCC call

12 9/17/19 Brendan Murphy 2.3 Preparation of TCC materials re: meeting with key creditor group / summary

12 9/17/19 Brendan Murphy 1.3 Internal discussions re: scenarios, analysis, assumptions and strategy for TCC Materials

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 55

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

12 9/17/19 Brendan Murphy 1.5 Additional preparation and telephonic meeting with TCC

12 9/17/19 Brent Williams 0.5 Meeting with committee members re: competing plans and financing proposals

12 9/17/19 Brent Williams 1.5 Prepare for and participate in TCC meeting 

12 9/17/19 Peter Gnatowski 1.5 Prepared for and participated on Committee call

12 9/17/19 Sherman Guillema 1.7 Preparation for and dialed into TCC call

12 9/17/19 Zack Stone 1.5 Preparation for and notes to TCC meeting

12 9/18/19 Brent Williams 0.5 Emails to committee members re: TCC strategy and plans

12 9/19/19 Brendan Murphy 0.9 Call with Counsel and TCC members related comments re: term sheet discussion

12 9/19/19 Brendan Murphy 2.1 Preparation of TCC materials re: meeting with key creditor group / summary

12 9/19/19 Brent Williams 1.0 Correspondences with counsel and committee members regarding plan term sheet.

12 9/19/19 Naeem Muscatwalla 1.7 Review and circulation of files and articles posted to TCC's data room

12 9/19/19 Peter Gnatowski 0.6 Reviewed new documents posted to TCC data room

12 9/20/19 Alex Stevenson 1.0 Prepare for and participate in calls with the TCC negotiating committee 

12 9/20/19 Brendan Murphy 1.0 Preparation and call with Counsel and select TCC Members re: case strategy, call with key creditors

12 9/20/19 Brent Williams 0.5 Preparation for and call with counsel and TCC members on plan process and strategy

12 9/20/19 Brent Williams 1.0 Preparation for and call with committee members re: plan updates

12 9/21/19 Alex Stevenson 3.5 Prepare for and participate in calls with the TCC negotiating committee 

12 9/21/19 Brendan Murphy 3.7 Calls and Correspondences with Counsel and TCC re: Plan negotiations and settlement discussions

12 9/21/19 Brent Williams 3.7 Calls with committee members and counsel re: plan and financing updates

12 9/21/19 Brent Williams 1.0 Call with counsel and committee members

12 9/22/19 Alex Stevenson 1.5 Prepare for and participate in calls with the TCC negotiating committee

12 9/22/19 Brendan Murphy 1.5 Participate in call with TCC sub-committee re: plan term sheets

12 9/22/19 Brent Williams 1.5 Calls with committee members on third party proposal

12 9/24/19 Alex Stevenson 2.8 Participate in discussions with TCC negotiating committee regarding strategy

12 9/24/19 Brendan Murphy 2.8 Preparation for and correspondences with Counsel re: Plan negotiations and settlement discussions

12 9/24/19 Brent Williams 2.8 Preparation for and calls with committee members and counsel re: plan proposals

12 9/25/19 Alex Stevenson 2.0 Prep for and participate in call with TCC negotiating committee

12 9/25/19 Brendan Murphy 2.1 Prepared for and held calls with Counsel and TCC Members re: Plan discussions and negotiations

12 9/25/19 Brent Williams 2.0 Prepare for and held committee call re: status of plan negotiations

12 9/25/19 Brent Williams 1.0 Review and comments re: committee presentation

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 56

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

12 9/27/19 Alex Gebert 3.8 Dial into Committee Call 

12 9/27/19 Alex Stevenson 3.8 Prepare and participate in meeting with TCC

12 9/27/19 Brendan Murphy 1.5 Calls and Correspondences with Counsel and TCC Members re: Plan discussions and negotiations

12 9/27/19 Brendan Murphy 1.1 Preparation and analysis for TCC Meeting

12 9/27/19 Brendan Murphy 3.8 Preparation for and participation (telephonic) on TCC Meeting

12 9/27/19 Brent Williams 1.5 Calls with subcommittee re: plan negotiating

12 9/27/19 Brent Williams 5.5 Committee meeting (in person)

12 9/27/19 Peter Gnatowski 3.8 Prepare and participate in committee call

12 9/30/19 Alex Stevenson 1.0 Prepare for and participate in call with TCC negotiating committee

12 9/30/19 Brendan Murphy 1.0 Prep for and correspondences with Counsel and TCC Members re: Plan discussions and negotiations

12 9/30/19 Brent Williams 1.0 Prepare for and call with committee re: competing plans

13 6/3/19 Alex Gebert 1.2 Review of pleadings re: Docket review

13 6/3/19 Alex Stevenson 0.5 Review weekly critical dates memo, court pleadings and news articles

13 6/3/19 Brendan Murphy 1.2 Review of public news / articles on PG&E matter

13 6/3/19 Naeem Muscatwalla 1.4 Review of public news / articles on PG&E filing; distribute key articles to team 

13 6/4/19 Alex Gebert 1.5 Reviewed fee applications of other advisors and analysis re: same

13 6/4/19 Brendan Murphy 0.9 Additional review of monthly reporting documents posted to Debtor's data room

13 6/4/19 Brent Williams 1.3 Review media reports and news articles including SF asset acquisitions news

13 6/4/19 Matt Merkel 0.3 Review of recent docket filings

13 6/4/19 Peter Gnatowski 0.4 Reviewed docket and various public news publications including advisor fee applications and SF asset 

acquisition

13 6/4/19 Riley Jacobs 1.4 Researched, summarized, and circulated relevant dockets internally

13 6/5/19 Alex Gebert 0.8 Review and circulate Debtor news articles and analysis

13 6/5/19 Alex Gebert 2.1 Trend analysis of other Advisors' fee applications/tracking re: case; reviewed applications

13 6/5/19 Alex Stevenson 0.4 Review court pleadings and news articles

13 6/5/19 Brendan Murphy 0.9 Review of public news / articles on PG&E matter

13 6/5/19 Brendan Murphy 0.8 Reviewed Quanta reporting motions provided by Debtors

13 6/5/19 Brendan Murphy 0.8 Review of filed fee applications per Counsel's request

13 6/5/19 Matt Merkel 0.1 Review of recent docket filings

13 6/5/19 Naeem Muscatwalla 2.0 Review of public news / articles on PG&E filing

13 6/5/19 Peter Gnatowski 0.4 Reviewed the April 2019 Real Estate Transaction Report; internal emails re: same

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 57

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

13 6/5/19 Peter Gnatowski 0.4 Reviewed the April 2019 Exchange Motion Reporting; internal emails re: same

13 6/5/19 Riley Jacobs 1.7 Researched, summarized, and circulated relevant dockets internally

13 6/6/19 Alex Stevenson 0.3 Review court pleadings and news articles including MOR and fee applications

13 6/6/19 Alex Stevenson 0.2 Review Baker Hostetler memo re: regulatory developments

13 6/6/19 Brendan Murphy 0.7 Review of filed fee applications per Counsel's request

13 6/6/19 Riley Jacobs 1.9 Review materials around PG&E's request to extend exclusivity

13 6/6/19 Riley Jacobs 1.2 Researched, summarized, and circulated relevant dockets internally

13 6/7/19 Alex Stevenson 0.3 Review court pleadings and news articles

13 6/7/19 Brendan Murphy 0.9 Review of public news / articles on PG&E matter

13 6/7/19 Brendan Murphy 0.9 Review of draft motion from Debtors re: D&O insurance

13 6/7/19 Brent Williams 2.1 Review media reports and key docket pleadings

13 6/7/19 Peter Gnatowski 0.4 Reviewed Quanta motion 

13 6/7/19 Riley Jacobs 1.1 Researched, summarized, and circulated relevant dockets internally

13 6/8/19 Brendan Murphy 1.0 Review of public news / articles on PG&E matter

13 6/10/19 Alex Stevenson 0.6 Review court pleadings and news articles

13 6/10/19 Matt Merkel 0.4 Review of recent docket filings

13 6/10/19 Riley Jacobs 1.0 Researched, summarized, and circulated relevant dockets internally

13 6/11/19 Alex Gebert 1.2 Draft questions re: draft D&O insurance motion

13 6/11/19 Alex Gebert 2.0 Review draft D&O insurance motion

13 6/11/19 Brendan Murphy 0.8 Review of public news / articles on PG&E matter

13 6/11/19 Naeem Muscatwalla 2.0 Review of public news / articles on PG&E filing

13 6/11/19 Peter Gnatowski 0.7 Reviewed D&O insurance motion; drafted internal observations and questions

13 6/11/19 Riley Jacobs 0.9 Researched, summarized, and circulated relevant dockets internally

13 6/12/19 Alex Gebert 2.8 Review of Debtors' fire suppression settlements

13 6/12/19 Brendan Murphy 0.6 Review of public news / articles on PG&E matter

13 6/12/19 Riley Jacobs 0.8 Researched, summarized, and circulated relevant dockets internally

13 6/13/19 Alex Gebert 1.6 Review of key daily dockets and news articles

13 6/13/19 Riley Jacobs 1.1 Researched, summarized, and circulated relevant dockets internally

13 6/14/19 Naeem Muscatwalla 1.8 Review of public news / articles on PG&E filing

13 6/14/19 Riley Jacobs 1.4 Researched, summarized, and circulated relevant dockets internally

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 58

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

13 6/15/19 Alex Stevenson 0.7 Review court filings and news releases including Omnibus agenda and various pleadings re: same

13 6/17/19 Alex Stevenson 0.2 Review correspondence and relevant news releases

13 6/17/19 Brendan Murphy 0.8 Review of public news / articles on PG&E matter

13 6/17/19 Brent Williams 0.7 Review media reports

13 6/17/19 Naeem Muscatwalla 1.6 Review of public news / articles on PG&E filing

13 6/17/19 Peter Gnatowski 0.4 Reviewed updated news releases on case

13 6/17/19 Riley Jacobs 1.3 Researched, summarized, and circulated relevant dockets internally

13 6/18/19 Alex Stevenson 0.4 Preparation and review settlement with Municipalities and correspondence with internal team

13 6/18/19 Brendan Murphy 1.3 Review and research on Public Entity Settlement

13 6/18/19 Brendan Murphy 0.9 Review and analysis of diligence documents re: Mutual Assistance Motion 

13 6/18/19 Matt Merkel 0.3 Review of recent docket filings

13 6/18/19 Naeem Muscatwalla 1.4 Review of public news / articles on PG&E filing

13 6/18/19 Naeem Muscatwalla 1.6 Review and circulation of items in Debtor's data room

13 6/18/19 Peter Gnatowski 1.9 Reviewed various diligence items provided by Debtors re: mutual aid motion

13 6/18/19 Peter Gnatowski 1.1 Reviewed PE Settlement with the Debtors; emails re: same

13 6/18/19 Riley Jacobs 1.6 Researched, summarized, and circulated relevant dockets internally

13 6/19/19 Alex Gebert 0.8 Researched and summarized relevant dockets

13 6/19/19 Alex Stevenson 0.4 Review correspondence and relevant news releases

13 6/19/19 Brendan Murphy 0.4 Review of monthly reporting reports from Debtors

13 6/19/19 Brent Williams 0.7 Review key court pleadings including omnibus hearing agenda, production motions, among others

13 6/19/19 Naeem Muscatwalla 0.7 Review and circulation of items in Debtor's data room

13 6/19/19 Peter Gnatowski 0.9 Further review and drafted questions on mutual aid motion 

13 6/19/19 Peter Gnatowski 0.3 Reviewed operational integrity bi-weekly report

13 6/19/19 Peter Gnatowski 0.5 Reviewed various motions and news releases on bar date objections and adversary motion

13 6/20/19 Alex Gebert 2.0 Obtain, review, and circulate various objections to Bar Date Motion

13 6/20/19 Alex Gebert 0.7 Researched, summarized, and circulated relevant dockets internally

13 6/20/19 Alex Stevenson 0.1 Review correspondence and relevant news releases

13 6/21/19 Alex Gebert 0.5 Circulate relevant fee applications

13 6/21/19 Alex Stevenson 0.3 Review correspondence and relevant news releases

13 6/21/19 Brendan Murphy 0.7 Review of pleadings re: Docket review

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 59

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

13 6/21/19 Brendan Murphy 0.7 Review of public news / articles on PG&E matter

13 6/21/19 Peter Gnatowski 0.5 Reviewed mutual aid motion and related exhibits

13 6/23/19 Alex Gebert 3.3 Review/compare latest filed Mutual Aid motion to draft motion

13 6/24/19 Alex Gebert 3.5 Prepare deck summarizing mutual aid motion for TCC

13 6/24/19 Alex Gebert 1.5 Internal discussion and further review of filed Mutual Aid motion

13 6/24/19 Alex Gebert 2.0 Research history of mutual aid motions

13 6/24/19 Alex Gebert 2.5 Analysis and financial impact of the various mutual aid parties

13 6/24/19 Alex Gebert 1.2 Draft key diligence items and Lincoln observations re: mutual aid motions

13 6/24/19 Brendan Murphy 1.0 Review and analysis of diligence documents re: Mutual Assistance Motion 

13 6/24/19 Peter Gnatowski 0.8 Reviewed mutual aid motion analysis and summary presentation from junior bankers

13 6/24/19 Peter Gnatowski 1.8 Edits to mutual aid motion summary and analysis

13 6/24/19 Peter Gnatowski 0.4 Reviewed key motions filed including bar date motion and reply

13 6/24/19 Riley Jacobs 1.8 Researched, summarized, and circulated relevant dockets internally

13 6/25/19 Alex Stevenson 1.8 Review exclusivity termination motion and related exhibits

13 6/25/19 Brent Williams 2.7 Review court pleadings re: exclusivity and related materials

13 6/25/19 Brent Williams 2.0 Review court pleadings re: bar date motion and mutual aid motion 

13 6/25/19 Riley Jacobs 2.0 Researched, summarized, and circulated relevant dockets internally

13 6/25/19 Riley Jacobs 1.8 Review adhoc motion and declaration re: exclusivity

13 6/26/19 Brendan Murphy 0.4 Review of filed fee application (Lazard)

13 6/26/19 Matt Merkel 0.4 Review of recent docket filings

13 6/26/19 Naeem Muscatwalla 1.2 Review and circulation of items in Debtor's data room

13 6/26/19 Naeem Muscatwalla 1.6 Review of public news / articles on PG&E filing

13 6/26/19 Riley Jacobs 1.8 Researched, summarized, and circulated relevant dockets internally

13 6/27/19 Naeem Muscatwalla 1.3 Review of public news / articles on PG&E filing

13 6/27/19 Peter Gnatowski 0.4 Reviewed latest news updates on PG&E and bankruptcy case

13 6/27/19 Riley Jacobs 1.3 Researched, summarized, and circulated relevant dockets internally

13 6/28/19 Peter Gnatowski 2.5 Further edits to mutual aid motion summary and analysis; emails with counsel re: same

13 6/28/19 Peter Gnatowski 0.4 Reviewed Debtors settlement with PE

13 6/28/19 Riley Jacobs 1.4 Researched, summarized, and circulated relevant dockets internally

13 6/29/19 Brent Williams 2.1 Review court pleadings including bar date motions, PE settlement and mutual aid motions

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 60

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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

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

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

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

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

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

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

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

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 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 7/3/19 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 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 7/4/19 Alex Gebert 1.0 Review pleadings and news releases re: relief from stay

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

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

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

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

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

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

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

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 61

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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 7/9/19 Riley Jacobs 1.4 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

13 7/10/19 Riley Jacobs 0.8 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 7/11/19 Riley Jacobs 0.9 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 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 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 7/12/19 Riley Jacobs 1.5 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 7/15/19 Riley Jacobs 1.4 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 7/16/19 Riley Jacobs 0.8 Researched, summarized and circulated relevant dockets internally

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 Peter Gnatowski 0.5 Reviewed various filings including subrogation group holdings

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

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 Peter Gnatowski 0.8 Reviewed various court pleadings including Debtors' reply to bondholder proposal and shortfall analysis

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

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 62

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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

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 7/20/19 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 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 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 7/23/19 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 Riley Jacobs 1.7 Researched, summarized and circulated relevant dockets internally

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# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 63

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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 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 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 7/24/19 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 7/25/19 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 Brendan Murphy 0.3 Review of Exchange Motion reporting package 

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 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 Peter Gnatowski 1.0 Various internal discussions with team re: research and analysis of holdings by investors 

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 64

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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

13 8/1/19 Riley Jacobs 1.3 Researched, summarized and circulated relevant dockets internally

13 8/2/19 Alex Gebert 1.0 Review pleadings and news releases re: case updates

13 8/2/19 Alex Stevenson 0.4 Review press releases and pleadings re: Company interests

13 8/2/19 Brendan Murphy 0.6 Review of Alix Partners' June fee statement

13 8/2/19 Naeem Muscatwalla 1.5 Review of public news / articles on PG&E filing

13 8/2/19 Riley Jacobs 2.0 Researched, summarized and circulated relevant dockets internally

13 8/5/19 Alex Stevenson 0.4 Review pleadings re: energy procurements

13 8/5/19 Alex Stevenson 0.2 Review critical dates for proceedings

13 8/5/19 Brendan Murphy 0.4 Review of Debtors Response to Telephonic Discovery Conference

13 8/5/19 Brent Williams 0.4 Review of Suborn letter to Judge Montali

13 8/5/19 Riley Jacobs 2.2 Researched, summarized and circulated relevant dockets internally

13 8/5/19 Sherman Guillema 2.0 Reviewed various exclusivity and energy procurement pleadings

13 8/5/19 Sherman Guillema 1.5 Review key news articles re case events

13 8/5/19 Zack Stone 2.0 Researched and reviewed relevant dockets/news articles re: various motions on exclusivity

13 8/6/19 Brendan Murphy 0.6 Review of Pleading re: Debtors Objection to Motion to Terminate Exclusivity

13 8/6/19 Brendan Murphy 0.5 Review of Pleading re: UCC / Shareholders Objection to Motion to Terminate Exclusivity

13 8/6/19 Brent Williams 1.0 Review Debtor’s Objection to Suborn motion on exclusivity

13 8/6/19 Naeem Muscatwalla 1.1 Review of public news / articles on PG&E filing

13 8/6/19 Peter Gnatowski 0.7 Reviewed Debtors reply to terminate exclusivity; internal emails re: same

13 8/6/19 Riley Jacobs 2.4 Researched, summarized and circulated relevant dockets internally

13 8/6/19 Sherman Guillema 1.0 Review of public news / articles on PG&E filing

13 8/6/19 Sherman Guillema 3.0 Review pleadings and news articles re case events

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 65

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

13 8/6/19 Zack Stone 1.5 Researched and reviewed relevant dockets/new articles re: exclusivity

13 8/7/19 Alex Gebert 0.5 Review of Knighthead equity holdings

13 8/7/19 Alex Gebert 0.7 Review, summarize, circulate PG&E press releases

13 8/7/19 Alex Stevenson 0.2 Review Lazard fee statement and comment

13 8/7/19 Alex Stevenson 1.0 Review pleadings and press releases related to exclusivity

13 8/7/19 Brendan Murphy 0.4 Review of Pleading re: Columbus Hill Objection to Terminate Exclusivity 

13 8/7/19 Brendan Murphy 0.4 Review of filings and related support re: Lazard May Fee Statement

13 8/7/19 Brendan Murphy 0.3 Review of filings re: Keller and Benvenutti June Fee Statement

13 8/7/19 Brendan Murphy 0.4 Review of Pleading re: Discovery Order

13 8/7/19 Brent Williams 1.0 UCC and Shareholder Response to Suborn Motion on exclusivity

13 8/7/19 Naeem Muscatwalla 0.9 Reviewed and circulated key public news / articles on PG&E filing

13 8/7/19 Riley Jacobs 3.1 Researched, summarized and circulated relevant dockets internally

13 8/7/19 Sherman Guillema 1.0 Review of public news / articles on PG&E filing

13 8/7/19 Sherman Guillema 3.0 Review pleadings and news articles re case events

13 8/7/19 Zack Stone 1.5 Read and review relevant dockets re: equity holder public filings; summarized internally

13 8/8/19 Brendan Murphy 0.4 Review of Pleadings re: SLF Claimants response to Noteholders motion

13 8/8/19 Brendan Murphy 0.8 Review of 2019 PG&E Restructuring Roadmap from Debtwire

13 8/8/19 Brendan Murphy 0.9 Review of public news reports / 13D re: Knighthead and Abrams proposal(s)

13 8/8/19 Brent Williams 1.0 Review Fire Victims Joinder to TCC

13 8/8/19 Naeem Muscatwalla 1.1 Researched and circulated research reports

13 8/8/19 Naeem Muscatwalla 1.1 Review of public news / articles on PG&E filing

13 8/8/19 Riley Jacobs 2.3 Researched, summarized and circulated relevant dockets internally

13 8/8/19 Sherman Guillema 1.0 Review of public news / articles on PG&E filing

13 8/8/19 Sherman Guillema 0.8 Reviewed and circulation of Analyst research reports on Debtor

13 8/9/19 Alex Stevenson 0.4 Review of news articles on PG&E

13 8/9/19 Brendan Murphy 0.3 Review of filings re: Cravath April Fee Application

13 8/9/19 Brent Williams 0.5 Review media reports re: latest financial results and outlook

13 8/9/19 Riley Jacobs 2.9 Researched, summarized and circulated relevant dockets internally

13 8/12/19 Alex Gebert 1.0 Review and circulation of company filings and updates

13 8/12/19 Alex Stevenson 0.6 Review Debtors reply to exclusivity termination motions

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 66

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

13 8/12/19 Naeem Muscatwalla 0.7 Reviewed and circulated key public news / articles on PG&E filing

13 8/12/19 Peter Gnatowski 0.8 Reviewed Debtors' reply re: termination exclusivity; internal emails re: same

13 8/12/19 Peter Gnatowski 0.2 Reviewed news and press releases re: knighthead commitment

13 8/12/19 Riley Jacobs 2.4 Researched, summarized and circulated relevant dockets internally

13 8/13/19 Alex Stevenson 0.4 Review pleadings and news releases including termination of exclusivity

13 8/13/19 Brent Williams 1.0 Review termination of exclusivity motions

13 8/13/19 Brent Williams 0.5 Review media reports re: financial update and plan status

13 8/13/19 Brent Williams 0.5 Review media reports re: competing plan term sheets

13 8/13/19 Naeem Muscatwalla 1.3 Reviewed and circulated key public news / articles on PG&E filing

13 8/13/19 Riley Jacobs 1.8 Researched, summarized and circulated relevant dockets internally

13 8/14/19 Matt Merkel 0.5 Review of recent docket filings re: Utility CEO and plan term sheets

13 8/14/19 Naeem Muscatwalla 1.0 Reviewed and circulated key public news / articles on PG&E filing

13 8/14/19 Riley Jacobs 0.9 Researched, summarized and circulated relevant dockets internally

13 8/15/19 Alex Stevenson 0.6 Review pleadings and news releases including Debtors' statement on plan

13 8/15/19 Brent Williams 1.8 Review Debtor’s Supplemental Statement on POR

13 8/15/19 Erik Ellingson 0.8 Review Order and impact of Denying Exclusivity to Subro

13 8/15/19 Erik Ellingson 0.7 Review Order and impact of Denying Exclusivity to Noteholders

13 8/15/19 Peter Gnatowski 0.5 Reviewed various docket motions including contractor motion 

13 8/15/19 Riley Jacobs 1.8 Researched, summarized and circulated relevant dockets internally

13 8/16/19 Alex Gebert 1.3 Review, summarize, circulate decision re: exclusivity

13 8/16/19 Alex Stevenson 0.4 Review rulings on exclusivity and stay relief

13 8/16/19 Alex Stevenson 0.3 Correspondence with team re: court rulings on exclusivity and stay relief

13 8/16/19 Brendan Murphy 0.7 Internal discussion(s) re: Montali ruling and impact to TCC

13 8/16/19 Brendan Murphy 0.4 Review of Pleading re: Montali Denies Motions to Terminate Exclusivity

13 8/16/19 Brent Williams 1.0 Internal discussion and analysis of exclusivity

13 8/16/19 Riley Jacobs 2.6 Researched, summarized and circulated relevant dockets internally

13 8/19/19 Alex Stevenson 0.2 Review pleadings and news releases re: plans of reorganization

13 8/19/19 Brendan Murphy 0.3 Internal correspondence re: stock volatility and news

13 8/19/19 Brent Williams 0.5 Review media reports re: exclusivity and competing plans

13 8/19/19 Peter Gnatowski 0.2 Reviewed critical dates memo from counsel

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 67

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

13 8/19/19 Riley Jacobs 2.3 Researched, summarized and circulated relevant dockets internally

13 8/19/19 Zack Stone 1.0 Review of public news / articles on PG&E market movements

13 8/20/19 Brendan Murphy 0.3 Review of filing re: Cravath May Fee Application

13 8/20/19 Riley Jacobs 2.2 Researched, summarized and circulated relevant dockets internally

13 8/21/19 Brendan Murphy 0.6 Read August 13 / 14 hearing transcripts

13 8/21/19 Riley Jacobs 2.0 Researched, summarized and circulated relevant dockets internally

13 8/21/19 Zack Stone 0.5 Read and review relevant filings re: hearing transcripts

13 8/22/19 Alex Gebert 0.5 Review, summarize, circulate Debtors' CARE program and related press release

13 8/22/19 Brendan Murphy 0.7 Review of TCC Pleadings filed under seal from Counsel

13 8/22/19 Naeem Muscatwalla 0.9 Review of public news / articles on PG&E filing

13 8/22/19 Peter Gnatowski 0.4 Reviewed Debtors' response to shorten time on business plan; internal emails re: same

13 8/22/19 Peter Gnatowski 0.8 Reviewed various news releases re: PG&E bond securitization; internal discussions re: same

13 8/22/19 Riley Jacobs 1.7 Researched, summarized and circulated relevant dockets internally

13 8/22/19 Riley Jacobs 1.9 Search for and review media articles on AB-235 and proposed amendment

13 8/22/19 Zack Stone 0.5 Read, review, and circulate relevant articles and news sources

13 8/23/19 Alex Stevenson 0.6 Review pleadings and news releases re: Ad Hoc interests

13 8/23/19 Alex Stevenson 0.8 Review PGE request for rehearing on 451 and related responses from TURN 

13 8/23/19 Brendan Murphy 0.5 Read CPUC Stress Test Framework 

13 8/23/19 Brent Williams 1.0 Review media reports re: AB 235 and plan

13 8/23/19 Naeem Muscatwalla 0.8 Review of public news / articles on PG&E filing

13 8/23/19 Naeem Muscatwalla 1.3 Review and circulation of CPUC stress test proposal

13 8/23/19 Peter Gnatowski 0.3 Reviewed various news articles including CPUC investigation

13 8/23/19 Riley Jacobs 1.4 Researched, summarized and circulated relevant dockets internally

13 8/26/19 Alex Gebert 1.0 Review pleadings and news releases re: AB235 and case updates

13 8/26/19 Brent Williams 0.5 Review Suborn response on status conference

13 8/26/19 Peter Gnatowski 0.9 Reviewed various filings including subrogation and Debtors statements on status conference and Court Order on 

AB1054

13 8/26/19 Peter Gnatowski 0.2 Reviewed news articles and third party research reports re: AB 235

13 8/26/19 Riley Jacobs 2.2 Researched, summarized and circulated relevant dockets internally

13 8/26/19 Sherman Guillema 0.5 Reviewed status conference statements 

13 8/26/19 Zack Stone 0.5 Reviewed Debtors and subro status statements 

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 68

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

13 8/27/19 Brendan Murphy 0.3 Review of critical dates memo from Counsel

13 8/27/19 Riley Jacobs 1.0 Researched, summarized and circulated relevant dockets internally

13 8/28/19 Alex Gebert 0.7 Review pleadings and news releases re: case and regulatory environment

13 8/28/19 Brendan Murphy 0.4 Review of Weil June fee statement

13 8/28/19 Riley Jacobs 2.0 Researched, summarized and circulated relevant dockets internally

13 8/30/19 Alex Gebert 1.2 Review Fee Examiners updated protocol; summary observations and requirements to team

13 8/30/19 Riley Jacobs 1.6 Researched, summarized and circulated relevant dockets internally

13 9/2/19 Brent Williams 0.8 Review media reports AB235

13 9/3/19 Brendan Murphy 0.6 Review of public news / articles on PG&E matter re: AB235

13 9/3/19 Matt Merkel 0.5 Review of recent docket filings re: Subro settlement

13 9/3/19 Peter Gnatowski 0.6 Reviewed various motions including fee examiner protocol and Public Advocates Objection

13 9/3/19 Riley Jacobs 1.5 Researched, summarized and circulated relevant dockets internally

13 9/3/19 Zack Stone 0.5 Review and distribution of public news / articles on PG&E filing

13 9/4/19 Riley Jacobs 0.8 Researched, summarized and circulated relevant dockets internally

13 9/5/19 Brent Williams 1.0 Review media reports re: PG&E and regulators

13 9/5/19 Riley Jacobs 0.8 Researched, summarized and circulated relevant dockets internally

13 9/6/19 Alex Gebert 1.2 Review public news re: PG&E and bond securitization

13 9/6/19 Alex Gebert 1.0 Review pleadings re: Abrams letter to the court

13 9/6/19 Brent Williams 1.0 Review media reports regarding ghost ship ruling

13 9/6/19 Sherman Guillema 1.0 Review of recent docket filings re: Subro settlement

13 9/6/19 Zack Stone 1.0 Read, review, and summarize relevant filings re: business plan

13 9/9/19 Brendan Murphy 0.2 Review of critical dates memo from Counsel

13 9/9/19 Brent Williams 0.5 Review media reports bondholder plan

13 9/9/19 Brent Williams 0.9 Review of media reports regarding Debtor Plan

13 9/9/19 Naeem Muscatwalla 1.4 Review and circulation of Debtwire articles related to the Debtor and the case

13 9/9/19 Riley Jacobs 0.7 Researched, summarized and circulated relevant dockets internally

13 9/10/19 Brent Williams 1.6 Review media reports regarding bondholder plan

13 9/10/19 Naeem Muscatwalla 1.1 Review and circulation of articles related to the Debtor's plan

13 9/11/19 Brendan Murphy 0.3 Review of Knighthead Schedule 13D

13 9/11/19 Brendan Murphy 0.4 Read PG&E Plan Profile from third party news source

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 69

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

13 9/11/19 Brent Williams 0.5 Review additional media reports on Debtor and Bondholder plans

13 9/11/19 Riley Jacobs 1.2 Researched, summarized and circulated relevant dockets internally

13 9/11/19 Zack Stone 1.0 Review and circulation of public news / articles re: WSJ / BLMG

13 9/12/19 Alex Gebert 1.2 Review news articles re: impact of Subro settlement

13 9/12/19 Peter Gnatowski 0.3 Reviewed critical dates memo from counsel

13 9/12/19 Riley Jacobs 0.5 Researched, summarized and circulated relevant dockets internally

13 9/12/19 Riley Jacobs 0.7 Review and summarize materials on subrogation settlement

13 9/12/19 Zack Stone 0.6 Review and research certain terms in subro settlement per senior member request

13 9/12/19 Zack Stone 0.5 Read, review and circulate relevant news re: BLMG

13 9/13/19 Alex Gebert 0.6 Review news and reports of subro settlement

13 9/13/19 Alex Gebert 0.9 Review of subro settlement disclosures

13 9/13/19 Alex Stevenson 0.3 Review correspondence on subrogation settlement

13 9/13/19 Brendan Murphy 0.6 Review of public news on Revised Plan and Settlement with Subro

13 9/13/19 Brent Williams 1.5 Review PG&E settlement with SubRo

13 9/13/19 Erik Ellingson 0.7 Press release review re: Subro agreement

13 9/13/19 Naeem Muscatwalla 0.8 Review and circulation of articles related to the subrogation claim settlement

13 9/13/19 Riley Jacobs 0.9 Researched, summarized and circulated relevant dockets internally

13 9/13/19 Zack Stone 0.5 Review and circulate public news / articles re: subro settlement

13 9/14/19 Peter Gnatowski 1.0 Reviewed RSA for subro settlement; internal correspondence re: same

13 9/15/19 Brent Williams 1.6 Review debtor 8k on RSA agreement

13 9/16/19 Brent Williams 1.0 Review media reports on SubRo settlement

13 9/16/19 Riley Jacobs 0.2 Researched, summarized and circulated relevant dockets internally

13 9/16/19 Sherman Guillema 2.0 Review various articles/ publications re: subro settlement

13 9/16/19 Zack Stone 0.5 Review and circulate public news / articles 

13 9/17/19 Alex Gebert 0.4 Review PGE status conference order and relates news

13 9/17/19 Alex Stevenson 0.3 Review pleadings and news releases regarding plan discussions and exclusivity

13 9/17/19 Naeem Muscatwalla 0.9 Review and circulation of articles related to the Tubbs Fire case

13 9/17/19 Peter Gnatowski 0.2 Reviewed critical dates memo from counsel

13 9/17/19 Riley Jacobs 2.6 Researched, summarized and circulated relevant dockets internally

13 9/18/19 Alex Stevenson 0.1 Review TCC status conference statement

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 70

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

13 9/18/19 Matt Merkel 0.6 Reviewed Lazard's fee app

13 9/18/19 Naeem Muscatwalla 1.2 Review of news articles related to movement in PG&E's stock price

13 9/18/19 Peter Gnatowski 0.4 Reviewed TCC and other statements for status conference 

13 9/18/19 Riley Jacobs 0.9 Review TCC statement on status conference scheduled for September 24th

13 9/18/19 Riley Jacobs 1.5 Researched, summarized and circulated relevant dockets internally

13 9/18/19 Zack Stone 0.4 Read and review relevant news re: WSJ audio

13 9/19/19 Alex Gebert 0.6 Read and review public news releases re: joint plan

13 9/19/19 Alex Gebert 1.2 Review TCC/Bondholders motion to terminate exclusivity

13 9/19/19 Alex Stevenson 0.4 Review pleadings and news releases regarding plan discussions and exclusivity

13 9/19/19 Brent Williams 1.0 Review exclusivity pleadings and related docs

13 9/19/19 Brent Williams 0.5 Review media reports regarding SubRo settlement and plan term sheets

13 9/19/19 Matt Merkel 0.5 Review of recent docket filings: bar date motions

13 9/19/19 Naeem Muscatwalla 0.5 Review and circulation of articles related to PG&E investor meeting

13 9/19/19 Peter Gnatowski 0.7 Reviewed motions to lift exclusivity by TCC and UCC and related declarations

13 9/19/19 Riley Jacobs 1.2 Researched, summarized and circulated relevant dockets internally

13 9/19/19 Riley Jacobs 1.8 Review and circulate of other professionals fee applications

13 9/19/19 Zack Stone 0.5 Review and circulate relevant documents / filings re: stock price

13 9/20/19 Alex Gebert 1.3 Review news articles on PG&E exclusivity/impact of alternative plan

13 9/20/19 Riley Jacobs 0.6 Researched, summarized and circulated relevant dockets internally

13 9/20/19 Riley Jacobs 2.0 Review fee apps from other advisors for analysis

13 9/21/19 Peter Gnatowski 0.5 Reviewed reply by subrogation holders re: status conference statement

13 9/22/19 Brendan Murphy 0.8 Review of pleading re: subro holders response to the status conference update

13 9/22/19 Riley Jacobs 0.6 Summarize and circulate pleadings

13 9/23/19 Alex Stevenson 1.0 Review Debtors statements on TCC/Bondholder plan; internal correspondence

13 9/23/19 Alex Stevenson 0.4 Review Baupost statement related to exclusivity and comment

13 9/23/19 Brendan Murphy 0.8 Review of Reorg Research articles on pleadings and case updates

13 9/23/19 Brendan Murphy 0.7 Review of document from Counsel re: PG&E RFPs regarding Motion to Terminate Exclusivity

13 9/23/19 Brent Williams 0.7 Review statements filed on exclusivity and subro settlements

13 9/23/19 Naeem Muscatwalla 0.9 Review and circulation of articles regarding subrogation claims

13 9/23/19 Peter Gnatowski 0.5 Reviewed Debtors' reply to Bondholder plan

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 71

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

13 9/23/19 Riley Jacobs 2.2 Researched, summarized and circulated relevant dockets internally

13 9/23/19 Zack Stone 0.5 Review relevant documents / filings re: WSJ bondholder proposal

13 9/24/19 Alex Stevenson 0.5 Review Debtors statement in advance of status conference

13 9/24/19 Brendan Murphy 0.7 Review of Reorg Research articles on pleadings and case updates

13 9/24/19 Brendan Murphy 0.8 Review of Debtors' RSA pleading

13 9/24/19 Brent Williams 0.5 Review Debtor's statement on TCC / Bondholder plan

13 9/24/19 Erik Ellingson 1.8 Review Debtors motion to Enter into RSA with Subro

13 9/24/19 Naeem Muscatwalla 2.5 Review and circulation of articles regarding bondholders and TCC's proposals

13 9/24/19 Riley Jacobs 2.1 Researched, summarized and circulated relevant dockets internally

13 9/24/19 Zack Stone 0.6 Review relevant documents / filings re: WSJ bondholder proposal

13 9/24/19 Zack Stone 0.5 Review relevant documents / filings re: court hearing

13 9/25/19 Alex Stevenson 1.3 Review motion to extend exclusivity and related declaration; correspondence with Lincoln team

13 9/25/19 Erik Ellingson 0.4 Preparation for and call with AG regarding general reporting updates re: debtor reporting updates

13 9/25/19 Matt Merkel 0.6 Review of recent docket filings re: exclusivity

13 9/25/19 Naeem Muscatwalla 0.9 Review and circulation of articles regarding shareholder disclosures

13 9/25/19 Riley Jacobs 0.5 Researched, summarized and circulated relevant dockets internally

13 9/25/19 Sherman Guillema 0.7 Review exclusivity motion and declaration

13 9/26/19 Alex Gebert 0.7 Review Debtors' extension of exclusivity

13 9/26/19 Alex Gebert 0.6 Review news and articles on extension of exclusivity

13 9/26/19 Alex Gebert 0.5 Review news and articles on latest term sheet proposals

13 9/26/19 Brent Williams 1.0 Review pleadings and media reports on extension of exclusivity

13 9/26/19 Naeem Muscatwalla 0.7 Review and circulation of articles regarding revised Bondholder proposal

13 9/26/19 Naeem Muscatwalla 0.8 Review and circulation of articles related to California utility regulator's investigation

13 9/26/19 Peter Gnatowski 0.7 Reviewed Debtors' motion for exclusivity extension and Boken declaration

13 9/26/19 Riley Jacobs 1.4 Researched, summarized and circulated relevant dockets internally

13 9/27/19 Riley Jacobs 1.2 Researched, summarized and circulated relevant dockets internally

13 9/27/19 Zack Stone 0.5 Review and circulate relevant documents / filings re: WSJ amended bondholder proposal

13 9/30/19 Peter Gnatowski 0.2 Reviewed joint status conference statement from TCC, UCC and Subro

13 9/30/19 Peter Gnatowski 0.3 Review of various fee apps including Lazard and others

13 9/30/19 Peter Gnatowski 0.2 Reviewed critical dates memo from counsel

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 72

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

13 9/30/19 Riley Jacobs 1.7 Researched, summarized and circulated relevant dockets internally

14 6/11/19 Peter Gnatowski 0.4 Reviewed PPA FERC Decision; internal emails re: same

14 6/24/19 Brent Williams 2.5 Review PPA contracts

14 6/29/19 Naeem Muscatwalla 3.0 Review of PPA rulings in precedent bankruptcy cases

14 6/29/19 Naeem Muscatwalla 1.9 Summarized PPA rulings in precedent bankruptcy cases

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

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 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

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 73

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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

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 Brendan Murphy 0.4 Internal Correspondence re: PPAs and Related Diligence 

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

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 Brendan Murphy 1.0 Review and Comments to TCC Presentation re: Northern Path Gas Pipeline Contract Extensions

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

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 74

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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 

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 

14 8/1/19 Naeem Muscatwalla 4.0 Review and summary of PPA rulings in precedent bankruptcy cases

14 8/1/19 Naeem Muscatwalla 1.5 Review and summary of Discounted Energy Procurement Agreements

14 8/2/19 Alex Stevenson 0.7 Review summary of PPA / CCA related issues

14 8/2/19 Brendan Murphy 0.8 Internal analysis and summary re: Third Motion to Approve Discounted Energy Procurement Agreements

14 8/2/19 Matt Merkel 1.0 Reviewed third motion to approve discounted energy procurement agreements

14 8/2/19 Matt Merkel 1.6 Drafted summary of third motion to approve discounted energy procurement agreements

14 8/3/19 Alex Stevenson 0.2 Correspondence re: PPA modification motion

14 8/4/19 Matt Merkel 0.5 Drafted CCA financial impact summary 

14 8/5/19 Brent Williams 0.5 Review counsel correspondence on CCAs

14 8/6/19 Brendan Murphy 0.7 Review of due diligence re: Quanta Reporting 

14 8/6/19 Brendan Murphy 0.8 Research for Counsel re: Quanta contracts and other confidential analysis

14 8/6/19 Peter Gnatowski 2.5 Research re: third party contractors per counsel request

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 75

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

14 8/6/19 Peter Gnatowski 0.5 Internal discussion re: third party contractors research

14 8/6/19 Peter Gnatowski 0.6 Emails with counsel re: third party contract data

14 8/6/19 Peter Gnatowski 0.4 Reviewed motions re: leases and Boken declaration

14 8/7/19 Alex Gebert 0.5 Review and summary of June Quanta report

14 8/7/19 Brendan Murphy 0.4 Research for Counsel re: Quanta and other confidential analysis

14 8/7/19 Brent Williams 0.5 Review of Quanta May 2019 report

14 8/7/19 Matt Merkel 1.9 Researched CCAs for other utilities

14 8/7/19 Peter Gnatowski 0.3 Reviewed and summarized updated Quanta monthly reports

14 8/12/19 Alex Gebert 0.7 Review of files/reports re: Quanta and/or supporting PEO documents

14 8/13/19 Alex Gebert 1.0 Review of CFL insurance coverage and financial impact

14 8/13/19 Alex Gebert 0.5 Draft questions re: CFL insurance coverage

14 8/17/19 Alex Gebert 1.3 Analysis of Quanta invoice reporting as per Counsel

14 8/17/19 Peter Gnatowski 1.2 Research re: third party contract documents per counsel request

14 8/23/19 Brendan Murphy 0.6 Read pleadings re: Lease extension motion and declaration

14 8/28/19 Peter Gnatowski 0.7 Reviewed omnibus motion and schedules to assume and reject leases or contracts; emails re: same

14 8/28/19 Zack Stone 0.5 Read, review, and summarize relevant motions re: assumption and rejection of leases

14 9/4/19 Erik Ellingson 0.9 Motion review re: leases - extension deadline review #3726 and comments to team

14 9/4/19 Erik Ellingson 1.2 Declaration review re: lease extension #3727

14 9/4/19 Erik Ellingson 1.8 Declaration review re: land and environmental leases #3728; comments to team

14 9/8/19 Peter Gnatowski 0.5 Reviewed nonresidential real property lease motion

15 6/6/19 Alex Gebert 2.2 Research KERP/KEIP/Compensation analysis of related cases

15 6/18/19 Riley Jacobs 1.9 Review filings and news articles on CEO retention

15 6/18/19 Riley Jacobs 0.8 Internal communications on materials for CEO retention

15 6/20/19 Alex Gebert 1.5 Review and summarize Debtors' KEIP motion

15 6/20/19 Alex Gebert 1.5 Review and summarize Debtors' CEO Retention motion

15 6/20/19 Alex Gebert 1.6 Update presentation and analysis re: CEO Retention

15 6/20/19 Alex Gebert 3.0 Prepare summary presentation re: KEIP Motion for TCC

15 6/20/19 Brendan Murphy 1.6 Review of Pleadings and Analysis of CEO Retention Economics

15 6/20/19 Brendan Murphy 1.4 Review and analysis of KEIP Motion and Related Exhibits

15 6/20/19 Peter Gnatowski 1.4 Reviewed CEO motion and analysis

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 76

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

15 6/20/19 Peter Gnatowski 2.4 Reviewed KEIP motion and analysis

15 6/21/19 Alex Gebert 0.5 Internal communications re: KEIP/CEO retention summary and observations

15 6/21/19 Alex Gebert 1.5 Draft diligence items/questions on KEIP and CEO Retention Motions

15 6/21/19 Alex Gebert 1.1 Comparative review of KEIP

15 6/21/19 Alex Gebert 2.8 KEIP benchmarking analysis

15 6/21/19 Alex Gebert 0.9 Draft KEIP/CEO Retention motion diligence items

15 6/21/19 Brendan Murphy 1.1 Created and amended due diligence questions for Company re: KEIP

15 6/21/19 Brent Williams 1.3 Review and comment on KEIP and CEO motions and related observations

15 6/21/19 Peter Gnatowski 1.4 Additional analysis of KEIP and CEO motions

15 6/21/19 Peter Gnatowski 0.5 Discussions with AG re: research of comparable KEIP motions

15 6/21/19 Peter Gnatowski 2.4 Reviewed KEIP analysis to prior LTIPs; comments to AG re: same

15 6/21/19 Peter Gnatowski 1.1 Drafted questions from Debtors on KEIP and CEO motion; internal discussions re: same

15 6/21/19 Peter Gnatowski 0.5 Edits to KEIP and CEO questions; discussions with counsel re: same

15 6/24/19 Alex Gebert 3.5 Prepare matrix of historical KEIP related items with relevant case details

15 6/24/19 Brendan Murphy 0.9 Created and amended due diligence questions for Company re: KEIP

15 6/24/19 Brendan Murphy 1.3 Review of KEIP motion and analysis

15 6/24/19 Peter Gnatowski 0.5 Edits to KEIP questions for debtor based on discussions and emails with counsel

15 6/24/19 Riley Jacobs 1.7 Review and summarize KEIP motion

15 6/25/19 Brendan Murphy 0.9 Review of KEIP motion and related documents

15 6/25/19 Peter Gnatowski 1.5 Reviewed and researched KEIP questions from counsel

15 6/26/19 Alex Gebert 2.5 Further updates to KEIP benchmarking analysis

15 6/26/19 Brent Williams 1.5 Preparation for and discussion with counsel re: KEIP and other motions

15 6/26/19 Peter Gnatowski 0.4 Discussion with counsel re: KEIP and CEO motions

15 6/26/19 Riley Jacobs 1.6 Internal communication and review of KEIP / CEO materials

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 7/3/19 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

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 77

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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 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 7/9/19 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 7/10/19 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 7/10/19 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

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

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

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 78

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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 7/12/19 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 Alex Gebert 0.7 Prepared for and participated in call with Counsel and team re: KEIP and CEO comp

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 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 Riley Jacobs 1.2 Research and review competitors KEIP plans 

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

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

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

15 8/5/19 Brent Williams 1.5 Review and analysis of CEO and KEIP Motions

15 8/7/19 Brendan Murphy 0.6 Review of Pleading re: Support of CEO Retention

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 79

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

15 8/7/19 Peter Gnatowski 0.4 Reviewed various documents related to CEO retention

15 8/9/19 Brendan Murphy 1.3 Review and comment of due diligence re: 9.2 STIP Reporting 

15 8/9/19 Brent Williams 0.8 Review STIP results and related analysis

15 8/9/19 Peter Gnatowski 0.5 Reviewed and comment re: STIP reporting provided by the Debtors

15 8/12/19 Erik Ellingson 1.8 Compensation Review - Vesey

15 8/13/19 Alex Gebert 0.5 Review of Utility CEO retention 

15 8/13/19 Brendan Murphy 0.7 Review of 8K re: Appointment of Utility CEO

15 8/13/19 Peter Gnatowski 0.5 Reviewed new utility CEO 8k; internal discussion re: analysis of compensation

15 8/14/19 Alex Gebert 0.2 Prepare for and internal discussion re: Utility CEO retention

15 8/14/19 Brendan Murphy 0.3 Review Utility CEO retention 

15 8/15/19 Alex Gebert 2.1 Benchmarking analysis of Mr. Vesey's compensation

15 8/15/19 Alex Gebert 1.9 Drafted presentation of Mr. Vesey's retention

15 8/20/19 Alex Gebert 2.5 Further drafting of presentation of Mr. Vesey's retention and comparison

15 8/20/19 Alex Gebert 3.0 Research historical PG&E Utility CEOs (or analogous positions)

15 8/20/19 Alex Gebert 1.7 Prepared comparison analysis of PG&E Utility CEOs (or the like) compensation packages

15 8/20/19 Peter Gnatowski 1.5 Reviewed and commented on Utility CEO summary presentation and analysis

15 8/21/19 Alex Gebert 0.5 Prepare for and discuss Vesey presentation and emails re: the same

15 8/21/19 Brendan Murphy 1.1 Review and comments to CEO Compensation Analysis for TCC

15 8/21/19 Peter Gnatowski 1.7 Edits to Utility CEO summary and analysis; internal discussions with junior bankers re: same

15 8/22/19 Alex Gebert 0.5 Review and circulate Debtors' Q2'19 STIP results

15 8/22/19 Brendan Murphy 0.7 Review and comment on Debtors' STIP results

15 8/22/19 Peter Gnatowski 0.6 Reviewed Q2 STIP results; discussions with junior bankers re: analysis 

15 8/22/19 Peter Gnatowski 0.8 Reviewed and commented on analysis from junior bankers re: STIP metrics

15 8/22/19 Riley Jacobs 1.0 Review Q2 STIP update

15 8/22/19 Riley Jacobs 1.5 Internal discussions and research of STIP / STIP updates

15 8/23/19 Brendan Murphy 0.8 Review Q2 STIP results and targets analysis

15 8/23/19 Peter Gnatowski 1.8 Reviewed and commented on updated STIP analysis

15 8/23/19 Riley Jacobs 1.3 Additional research and discussion on Q2 stip update

15 8/30/19 Brendan Murphy 0.2 Review of due diligence materials from Debtor re: Bill Johnson Equity Grants

15 8/30/19 Brent Williams 0.5 Review Montali order denying KEIP

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 80

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

15 8/30/19 Brent Williams 1.5 Review CEO compensation and dilution treatment

15 8/30/19 Peter Gnatowski 0.5 Reviewed various filings including KEIP Order

15 8/31/19 Brendan Murphy 1.5 Review of and comments to analysis re: Bill Johnson Equity Grants

15 8/31/19 Erik Ellingson 1.3 Review and analysis of Bill Johnson's 2019 equity grants

15 9/9/19 Alex Gebert 0.5 Circulated and reviewed latest board resignation

15 9/9/19 Brent Williams 0.5 Review PG&E 8k regarding board resignation 

16 6/6/19 Peter Gnatowski 1.8 Review and edit claims analysis

16 6/7/19 Brendan Murphy 2.0 Review and comment on claims analysis 

16 6/7/19 Brent Williams 1.9 Review claims analysis; comments re: same

16 6/8/19 Peter Gnatowski 1.2 Review claims model prepared by DSI

16 6/11/19 Brendan Murphy 1.0 Review of claims analysis / model from Counsel

16 6/12/19 Alex Gebert 2.2 Review / analysis of claims model per counsel

16 6/13/19 Brendan Murphy 0.9 Review of claims analysis / model from Counsel

16 6/13/19 Brent Williams 1.4 Reviewed and comment on claims analysis

16 6/13/19 Peter Gnatowski 1.5 Reviewed claim analysis

16 6/19/19 Brendan Murphy 0.8 Review of claims analysis / model from Counsel

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

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

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 7/10/19 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 Alex Stevenson 0.2 Review and comment on 503(b)(9) summary

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

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 81

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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

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

16 8/1/19 Brendan Murphy 0.4 Review of TCC discovery requests re: Claim accrual

16 8/1/19 Peter Gnatowski 0.3 Emails with counsel re: census data on claims

16 8/2/19 Peter Gnatowski 2.4 Reviewed various claim accrual documents produced by the Debtors

16 8/2/19 Peter Gnatowski 1.8 Continued review of various claim accrual documents produced; emails with junior team re: analysis and 

summary for counsel

16 8/3/19 Alex Gebert 2.0 Review Debtors' diligence re: accrual of claims

16 8/3/19 Alex Gebert 1.1 Preparation for and internal call with junior bankers re: Debtors' diligence re: accrual of claims analysis

16 8/3/19 Brendan Murphy 2.3 Review of discovery documents and analysis for Counsel re: Wildfire Claims / Treatment

16 8/3/19 Brendan Murphy 2.0 Research SEC Filings (10K, 10Q, 8K) and other public documents re: Wildfire Claims / Treatment

16 8/4/19 Alex Gebert 3.2 Further review of Debtors' diligence documents re: accrual of claims 

16 8/4/19 Alex Gebert 3.0 Summarize/key takeaways of Debtors' document review of claim accruals

16 8/4/19 Brendan Murphy 1.9 Reviewed summary and analysis of Debtors' claim accrual production 

16 8/4/19 Brendan Murphy 1.6 Reviewed analyses and files related to Debtors' claim accrual production

16 8/4/19 Peter Gnatowski 1.0 Drafted questions and observations re: claim accrual production

16 8/4/19 Peter Gnatowski 1.4 Reviewed analysis of claim accrual production from the Debtors prepared by AG

16 8/4/19 Peter Gnatowski 2.0 Edits to summary of claim accrual production from the Debtors

16 8/5/19 Alex Gebert 1.0 Internal discussions re: additional claim analysis based on documents produced by the Debtors

16 8/5/19 Alex Gebert 2.0 Additional review of discovery documents related to claim accruals

16 8/5/19 Alex Gebert 2.4 Prepared summary of key documents and analysis of discovery documents to claim accruals

16 8/5/19 Brendan Murphy 2.3 Review and comment on updated analysis for Counsel re: claim accrual

16 8/5/19 Brendan Murphy 1.4 Revised summary to counsel re: discovery documents and analysis observations

16 8/5/19 Brendan Murphy 2.0 Reviewed key documents identified from Debtors re: claim treatment per discovery documents

16 8/5/19 Brent Williams 1.7 Review and comment on summary analysis of claim accruals

16 8/5/19 Peter Gnatowski 1.9 Additional review of key files provided by Debtors' re: wildfire accruals

16 8/5/19 Peter Gnatowski 1.5 Edits to claim accrual analysis based on comments from BM

16 8/7/19 Alex Stevenson 0.4 Internal communications re: trust monetization mechanism

16 8/7/19 Brendan Murphy 1.1 Review of Pleadings re: Estimation Motions and Responses

16 8/7/19 Brendan Murphy 1.3 Review and comment on updated claims analysis per counsel's request

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 82

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

16 8/7/19 Brent Williams 0.8 Review CSA’s objection to Debtor’s Estimation motion

16 8/7/19 Brent Williams 1.0 Review AdHoc Committee response to Debtor’s motion on wildfire estimation

16 8/7/19 Naeem Muscatwalla 1.0 Internal communications on trust monetization strategy

16 8/8/19 Alex Gebert 0.5 Research claim estimation proceedings

16 8/8/19 Alex Stevenson 0.5 Review estimation pleadings and press releases 

16 8/8/19 Alex Stevenson 0.2 Review TCC estimation objection

16 8/8/19 Brendan Murphy 1.0 Review of Pleadings re: TCC Opposition to Estimation Procedures

16 8/8/19 Brent Williams 2.0 Review UCC motion in support of Debtor’s Wildfire Claim estimation procedures

16 8/8/19 Peter Gnatowski 0.4 Reviewed TCC objection to estimation procedures

16 8/8/19 Sherman Guillema 0.7 Internal coordination related to trust monetization strategy

16 8/8/19 Zack Stone 3.0 Research, review, and summarize trusts set up for comparable analysis

16 8/8/19 Zack Stone 0.5 Preparation and participation in internal discussion related to trust monetization strategy

16 8/9/19 Naeem Muscatwalla 0.8 Communications re: trust monetization

16 8/9/19 Sherman Guillema 0.5 Internal communications trust monetization strategy

16 8/9/19 Zack Stone 2.0 Research, review, and summarize monetization of securities for comparable analysis

16 8/9/19 Zack Stone 0.5 Preparation and participation in internal discussion related to trust monetization strategy

16 8/9/19 Zack Stone 2.3 Continued research, review, and summarize of monetization of securities for comparable analysis

16 8/12/19 Alex Stevenson 0.3 Review Debtors replay to estimation motion objections

16 8/12/19 Brendan Murphy 0.8 Review of Pleading re: Debtors reply in support of estimation procedures 

16 8/12/19 Brendan Murphy 2.0 Research and diligence for Counsel re: Confidential analysis

16 8/12/19 Brent Williams 2.0 Review Debtor omnibus reply – Estimation motion

16 8/12/19 Brent Williams 2.0 Review Orsini supplemental declaration – Estimation Motion

16 8/12/19 Peter Gnatowski 0.4 Reviewed other docket motions including Debtors' reply re: estimation procedures

16 8/14/19 Alex Gebert 0.5 Review and analysis of bi-weekly operational integrity and lien payment reporting

16 8/14/19 Brendan Murphy 0.4 Review of operational integrity and supplier payments report 

16 8/15/19 Peter Gnatowski 0.5 Reviewed latest reporting re: operational integrity and shippers from the Debtors

16 8/16/19 Alex Gebert 0.7 Review, summarize, circulate Tubbs decision

16 8/16/19 Brendan Murphy 0.3 Review of Pleading re: Montali Grants Stay Relief re: Tubbs Fire 

16 8/16/19 Brent Williams 1.5 Review of judge Montali Decisions re: Tubbs and exclusivity

16 8/16/19 Peter Gnatowski 0.5 Reviewed various docket motions including orders on exclusivity and Tubbs

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 83

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

16 8/17/19 Erik Ellingson 0.2 Review of WSJ articles re: Tubbs ruling and exclusivity

16 8/19/19 Brent Williams 1.0 Correspondence to counsel and committee re: Tubbs ruling 

16 8/19/19 Peter Gnatowski 0.8 Reviewed various motions including UCC statement on estimation process, Trident retention

16 8/19/19 Sherman Guillema 0.5 Review of recent docket filings regarding estimation 

16 8/20/19 Alex Stevenson 0.2 Review Tubbs pleadings and news releases

16 8/20/19 Brent Williams 0.5 Review media reports re: Tubbs and liabilities

16 8/20/19 Naeem Muscatwalla 0.9 Internal coordination call on trust monetization strategy

16 8/20/19 Riley Jacobs 1.3 Review court dockets on estimation procedures

16 8/20/19 Zack Stone 0.5 Preparation and participation in internal discussions related to trust monetization strategy

16 8/21/19 Alex Gebert 1.0 Review Montali decision re: Estimation and Plan Timeline

16 8/21/19 Alex Stevenson 0.2 Review estimation pleadings and news releases re: Debtor interests

16 8/21/19 Alex Stevenson 0.3 Review Order Regarding Further Hearings on Estimation

16 8/21/19 Brent Williams 1.2 Review Judge Montali’s order regarding plan/estimation timeline

16 8/21/19 Brent Williams 1.4 Review of SLF estimation process brief; discussions re: same

16 8/21/19 Naeem Muscatwalla 1.4 Internal communications on trust monetization strategy

16 8/21/19 Peter Gnatowski 0.8 Reviewed various docket motions including SLF Victims Estimation motion, UCC Statement on Wildfire Fund, 

Debtors' Wildfire Fund Motion

16 8/21/19 Riley Jacobs 1.8 Review internal and external materials on proposed estimation process

16 8/21/19 Riley Jacobs 1.5 Additional review of court dockets on estimation procedures

16 8/21/19 Zack Stone 2.5 Research, review, and summarize monetization of securities for comparable analysis

16 8/21/19 Zack Stone 1.5 Research, review, and summarize trusts set up for comparable analysis

16 8/22/19 Brent Williams 2.0 Review Judge Montali recommendation on Northern District overseeing Estimation process an implications 

16 8/23/19 Alex Stevenson 0.8 Review TCC statement related to estimation and other pleadings

16 8/23/19 Brendan Murphy 0.6 Read TCC statement re: Status Conference on Estimation

16 8/23/19 Brent Williams 1.2 Review of UCC response on estimation process 

16 8/23/19 Peter Gnatowski 0.8 Reviewed various docket motions including TURN securitization objection and TCC statement for conference 

update and estimation

16 8/26/19 Naeem Muscatwalla 1.0 Review and distribution of disclosure statements of precedent bankruptcy cases with trust payouts

16 8/27/19 Alex Gebert 1.2 Review motions and orders stemming from estimation proceedings and impact on plan

16 8/27/19 Alex Gebert 1.0 Review, analyze and circulate operational integrity report

16 8/27/19 Alex Gebert 1.5 Review and analysis of recent liability claims recognition

16 8/27/19 Brendan Murphy 0.5 Review of Claims Settlement Motion

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 84

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

16 8/28/19 Alex Gebert 1.3 Review and analysis of operational integrity re: key suppliers

16 8/28/19 Alex Gebert 1.0 Review and analysis of operational integrity re: liens

16 8/28/19 Brendan Murphy 0.6 Review of Bi-Weekly Operational Integrity & Lien Payments Reporting 

16 8/28/19 Peter Gnatowski 0.3 Reviewed bi-weekly operational integrity suppliers reports from the Debtors

16 8/29/19 Erik Ellingson 1.8 Operating Integrity and Shipper Warehouse Lien Reporting Review and Analysis

16 9/4/19 Alex Gebert 0.9 Review and circulate Debtors reply to lifting stay on Tubbs

16 9/4/19 Brent Williams 2.0 Review Debtors notice of appeal re: Tubbs

16 9/4/19 Brent Williams 1.5 Emails and document review regarding Calfire and FEMA claims

16 9/4/19 Peter Gnatowski 0.3 Reviewed Debtors' appeal to Tubbs order

16 9/5/19 Erik Ellingson 1.1 Review of PG&E historical claim settlements & financial impact

16 9/5/19 Zack Stone 1.2 Research disclosure statements re: claims 

16 9/6/19 Brendan Murphy 1.1 Review of pleadings re: Estimation Procedures

16 9/6/19 Peter Gnatowski 0.7 Reviewed status conference statements wildfire estimation procedures

16 9/9/19 Matt Merkel 0.5 Review of recent docket filings re: estimation proceedings

16 9/10/19 Alex Gebert 0.5 Review Judge Donato's decision re: Tubbs/estimation

16 9/10/19 Brent Williams 1.0 Review of Judge Donato’s proceedings and discussion with counsel 

16 9/12/19 Matt Merkel 1.8 Analyzed wildfire exposure liability cap

16 9/13/19 Alex Gebert 1.5 Review Wildfire Estimation minutes and schedule

16 9/13/19 Brent Williams 0.5 Review Superior Court decision regarding Tubbs

16 9/13/19 Matt Merkel 1.4 Additional analysis re: wildfire exposure liability cap

16 9/16/19 Peter Gnatowski 0.3 Reviewed court ruling on Tubbs and related press

16 9/17/19 Sherman Guillema 1.0 Review of recent docket filings re: estimation proceedings

16 9/25/19 Zack Stone 1.0 Research, review, and summarize trust set up for fire victims

16 9/26/19 Peter Gnatowski 1.6 Research re: federal assistance and costs related to 2017 and 2018 CA wildfires 

16 9/26/19 Peter Gnatowski 1.0 Reviewed wildfire claims data provided by third-party; comments internally re: observations

16 9/26/19 Peter Gnatowski 2.0 Additional research into potential state and federal claims

16 9/26/19 Zack Stone 2.2 Research precedent governmental agency claims

16 9/27/19 Alex Stevenson 0.2 Correspondence with Lincoln team re: governmental claims

16 9/27/19 Peter Gnatowski 3.4 Additional research re: precedent state and federal claims

16 9/27/19 Peter Gnatowski 1.2 Research re: federal assistance and costs re: wildfires from FEMA; emails re: same

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 85

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

16 9/27/19 Zack Stone 1.5 Additional research re: precedent governmental agency claims; internal correspondence

16 9/30/19 Alex Stevenson 0.3 Review join statement on status conference related to estimation

16 9/30/19 Riley Jacobs 1.4 Review joint status update for estimation proceedings

16 9/30/19 Riley Jacobs 0.8 Review camp fire claimants brief on estimation

16 9/30/19 Sherman Guillema 2.1 Review of pleadings re: estimation

17 6/1/19 Alex Stevenson 0.3 Correspondence with internal team member regarding discussion with Millstein and implication

17 6/2/19 Alex Stevenson 0.7 Preparation for and discussion with internal team regarding analysis of Ad Hoc proposal

17 6/5/19 Alex Gebert 1.3 Review and research of San Francisco proposal re: acquisition

17 6/7/19 Alex Stevenson 0.5 Review preliminary claims analysis in context of strategic options

17 6/12/19 Alex Stevenson 0.4 Analyze potential trust structures

17 6/15/19 Alex Stevenson 0.6 Review email re: potential investor in plan structure

17 6/15/19 Alex Stevenson 0.2 Correspondence with internal team member re: potential investor in plan structure

17 6/17/19 Riley Jacobs 1.4 Review strategies of reorganization for Debtor

17 6/18/19 Riley Jacobs 1.8 Further review of strategies of reorganization for Debtor

17 6/21/19 Alex Stevenson 1.2 Review governors report and comment re strategic implications

17 6/21/19 Alex Stevenson 0.5 Preparation and correspondence with team re: governors report strategic implications

17 6/25/19 Alex Stevenson 0.6 Correspondence with Lincoln team re: plan alternatives

17 6/25/19 Alex Stevenson 0.3 Preparation for and correspondence with Lincoln team re: asset sale alternatives

17 6/28/19 Alex Stevenson 1.5 Review AB1054 and impact on strategic alternatives

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

17 8/7/19 Alex Stevenson 0.5 Review asset sale alternative and coordinate next steps with team

17 8/8/19 Brendan Murphy 1.0 Review of draft motions from the Debtor re: (1) Settlement Procedures and (2) Di Minimis Asset Transactions

17 8/9/19 Peter Gnatowski 1.2 Reviewed De Minimis Asset sale procedures; internal discussions re: same

17 8/16/19 Brendan Murphy 0.8 Review of Pleading re: Motion to Establish De Minimis Sale Procedures

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 86

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

17 8/16/19 Brendan Murphy 0.6 Additional review of Pleading re: Motion to Establish De Minimis Claim Procedures

17 8/16/19 Brendan Murphy 1.0 Review of Baker Memo re: CPUC Restrictions on Sale of Proceeds

17 8/16/19 Peter Gnatowski 1.1 Reviewed updated motion on di minimus claim and sale procedures; internal discussions re: same

17 8/17/19 Peter Gnatowski 0.5 Reviewed memo from counsel re: CPUC and real estate sales

17 8/19/19 Alex Stevenson 1.0 Correspondence with BW/BM re: asset sale proceeds allocation

17 8/19/19 Brent Williams 1.0 Considerations of asset sales and treatment of proceeds and internal correspondence

17 8/20/19 Erik Ellingson 2.0 CPUC Guidelines review for allocating asset sale proceeds

17 8/22/19 Brendan Murphy 0.2 Internal correspondence with senior banker re: asset sales

17 8/23/19 Brent Williams 1.0 Review asset sales and CPUC rulings on proceeds

17 8/23/19 Peter Gnatowski 1.8 Reviewed and comment on summary and analysis of di minimis claims and asset sales motions

17 8/23/19 Riley Jacobs 2.0 Research pleadings and internal materials on CPUC guidelines of sale proceeds

17 8/26/19 Brendan Murphy 0.5 Read Baker memo re: CPUC Restrictions on Proceeds of Asset Sales 

17 8/27/19 Brendan Murphy 0.6 Review of Boken declaration re: de minimis asset sale motion

17 8/27/19 Brendan Murphy 0.5 Internal correspondence re: de minimis sale motion

17 8/27/19 Brent Williams 1.0 Analysis of and discussions re: asset sales motions

17 8/27/19 Brent Williams 1.0 Review Baker memo on CPUC asset sale guidelines

17 8/27/19 Peter Gnatowski 1.8 Additional review and analysis of di minimis claims and asset motions per counsel request; internal discussions 

re: same

17 8/27/19 Peter Gnatowski 1.3 Drafted considerations and edits to de minimis sale motion based on internal discussions and per counsel's 

guidance

17 8/28/19 Brent Williams 2.8 Review of PG&E asset sales re: potential recovery

17 8/30/19 Brendan Murphy 0.4 Review of Real Estate Transactions Reporting 

17 8/30/19 Brent Williams 1.0 Review debtor reports including real estate transactions

17 8/30/19 Erik Ellingson 2.0 Research prior asset sale motions for comparison to de minimis asset sales

17 8/30/19 Erik Ellingson 2.4 de minimis asset sales motion summary and analysis

17 8/30/19 Erik Ellingson 1.9 de minimis claims motion summary and analysis

17 8/30/19 Peter Gnatowski 0.3 Reviewed real estate transaction report from the Debtors

17 9/3/19 Alex Gebert 0.7 Review real estate transaction report and internal discussion/notes re: the same

17 9/4/19 Erik Ellingson 1.2 Review and analyze RE transaction report and observations from AG

17 9/6/19 Peter Gnatowski 0.9 Reviewed objections on de minimus asset sales; internal emails re same

17 9/8/19 Alex Gebert 1.5 Review of San Francisco proposal to PGE

17 9/8/19 Alex Stevenson 1.2 Review and analyze San Francisco offer to acquire selected assets

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 87

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

17 9/8/19 Brendan Murphy 0.8 Review of public news on SF PUC interest to purchase PG&E’s electricity assets 

17 9/8/19 Brendan Murphy 0.2 Review of Tentative Ruling on De Minims Asset Sales and Settlements of Certain Claims

17 9/8/19 Riley Jacobs 1.4 Review and circulate analysis on de minimis asset sale pleading and settlement of certain claims

17 9/10/19 Alex Gebert 1.5 Additional review of letter from San Francisco to PGE re: proposed asset purchase

17 9/10/19 Alex Gebert 0.6 Review news articles and analysis re: San Francisco proposed purchase of PGE assets

17 9/10/19 Brendan Murphy 0.4 Preparation for and internal discussion re: de minimis asset sales and claims

17 9/10/19 Riley Jacobs 0.7 Review San Francisco's offer to purchase assets

17 9/11/19 Alex Gebert 0.5 Review news articles re: San Francisco asset purchase

17 9/11/19 Alex Gebert 0.2 Internal discussion with senior member on SF asset purchase

17 9/11/19 Alex Gebert 1.4 Drafted presentation of SF offer to PGE

17 9/11/19 Alex Gebert 1.8 Analysis/preparation of presentation outlining financing and key assumptions of SF offer

17 9/11/19 Alex Gebert 2.0 Benchmarking of SF Offer to the market

17 9/11/19 Alex Gebert 2.3 Drafted benchmarking presentation re: SF offer

17 9/11/19 Brent Williams 1.0 Review of San Francisco asset proposal

17 9/11/19 Matt Merkel 2.1 Review of San Francisco asset proposal and related analysis from junior banker

17 9/11/19 Matt Merkel 2.6 Reviewed SF offer letter summary presentation and made direct edits

17 9/11/19 Sherman Guillema 1.0 Review of San Francisco Asset proposal and related presentation; comments to team

17 9/11/19 Sherman Guillema 2.6 Comment on summary of SF acquisition offer

17 9/12/19 Alex Gebert 1.7 Address internal comments re: SF offer letter summary presentation

17 9/12/19 Erik Ellingson 2.8 Review, summary, and proposed questions associated with SF asset purchase term sheet

17 9/12/19 Erik Ellingson 3.2 Review of historical context/information provided on SF term sheet 

17 9/12/19 Erik Ellingson 0.6 Preparation for internal call re: additional analysis

17 9/12/19 Matt Merkel 2.1 Made edits to SF offer letter summary; internal call re: analysis

17 9/12/19 Matt Merkel 1.7 Incorporated changes to SF offer letter summary from senior review

17 9/12/19 Riley Jacobs 1.3 Prepared additional analysis re: SF offer to purchase assets based on internal comments

17 9/12/19 Riley Jacobs 2.0 Drafted summary analysis of additional research on SF offer

17 9/12/19 Zack Stone 0.5 Preparation for and internal discussion re: SF Proposal

17 9/12/19 Zack Stone 1.9 Read, review, and prepare summary deck re: SF Proposal; revised summary analysis and presentation

17 9/13/19 Erik Ellingson 2.4 Review and analysis around SF public IOI

17 9/18/19 Alex Stevenson 0.5 Email correspondence with Alix Partners re: SF proposal 

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 88

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

17 9/18/19 Alex Stevenson 1.7 Review/revise analysis of SF proposal to municipalize SF

17 9/18/19 Matt Merkel 0.5 Discussed SF proposal summary with senior banker

17 9/18/19 Matt Merkel 1.5 Made edits to SF proposal summary presentation

17 9/19/19 Alex Stevenson 1.5 Finalize analysis of SF proposal to municipalize SF

17 9/20/19 Matt Merkel 0.7 Made edits to SF assets offer summary

17 9/25/19 Alex Stevenson 0.3 Draft email to BH re: San Francisco proposal to acquire assets

17 9/30/19 Peter Gnatowski 0.3 Reviewed real estate transaction reporting's from the Debtors

18 9/9/19 Alex Stevenson 0.4 Review financing commitment letters

18 9/9/19 Riley Jacobs 0.9 Research equity backstop / offering

18 9/9/19 Riley Jacobs 2.1 Create presentation on equity backstop / offering; edits based on internal feedback

18 9/10/19 Peter Gnatowski 2.3 Reviewed equity backstop agreements and debt confident letters

18 9/10/19 Peter Gnatowski 2.5 Prepared equity backstop and debt confident letter analysis

18 9/10/19 Riley Jacobs 2.6 Reviewed and summarized key terms from confident letters

18 9/11/19 Alex Gebert 1.6 Review Knighthead filed 13d and compare to previous filings

18 9/12/19 Alex Gebert 1.0 Review amended equity backstop terms

18 9/13/19 Alex Gebert 1.8 Review and analysis of Debtors' revised equity backstop terms

18 9/13/19 Alex Stevenson 0.3 Review amended equity backstop terms

18 9/13/19 Brendan Murphy 0.7 Review of September 13, 2019 8K re: Amended equity backstop Terms

18 9/13/19 Peter Gnatowski 0.8 Reviewed amended equity backstop Commitment Letters filed by the Debtors; internal corresponded re: same

18 9/18/19 Alex Gebert 2.0 Drafted analyses on Debtors' equity backstop commitment presentation

18 9/18/19 Alex Gebert 1.7 Review Debtors' equity backstop Commitment presentation

18 9/18/19 Alex Stevenson 1.1 Review equity backstop discussion materials provided by Debtors

18 9/18/19 Erik Ellingson 2.0 Review and summarize of PG&E provided equity backstop discussion materials

18 9/18/19 Matt Merkel 2.3 Reviewed highly confident letters

18 9/18/19 Matt Merkel 1.7 Reviewed and summarized equity backstop commitment letter

18 9/18/19 Peter Gnatowski 2.3 Reviewed and analyzed equity backstop presentation from the Debtors; internal discussions re: analysis

18 9/18/19 Peter Gnatowski 1.3 Drafted key observations and issues on the equity backstop materials

18 9/18/19 Peter Gnatowski 1.5 Reviewed and commented on analysis prepared by junior bankers on equity backstop materials

18 9/18/19 Peter Gnatowski 1.8 Revised and updated equity backstop analysis; internal correspondence re: same

18 9/18/19 Peter Gnatowski 1.0 Reviewed and commented on draft presentation of equity backstop comparison to other plans

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 89

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

18 9/18/19 Peter Gnatowski 1.5 Revised equity backstop presentation analysis 

18 9/18/19 Riley Jacobs 1.9 Review equity backstop presentation from Debtor and prepared requested analysis from senior banker

18 9/18/19 Sherman Guillema 1.2 Review of discussion materials re: equity backstop

18 9/18/19 Sherman Guillema 2.3 Review and internal discussion re: financing letters from Debtors

18 9/18/19 Zack Stone 0.5 Review relevant Debtor documents re: equity backstop

18 9/19/19 Brent Williams 1.5 Review equity backstop presentation materials from Debtor

18 9/19/19 Erik Ellingson 2.4 Equity backstop funding; research and review

18 9/19/19 Erik Ellingson 2.5 Review analysis of confident letters

18 9/19/19 Matt Merkel 1.3 Reviewed commitment letters and equity backstop template

18 9/19/19 Matt Merkel 2.2 Made direct edits to commitment letters and equity backstop presentation

18 9/19/19 Matt Merkel 2.0 Added content to financing commitments summary

18 9/19/19 Matt Merkel 2.4 Made direct edits from senior review to financing commitments summary 

18 9/19/19 Peter Gnatowski 0.8 Reviewed and commented on updated equity backstop presentation analysis 

18 9/19/19 Peter Gnatowski 2.5 Reviewed debt confident letters and equity backstop agreements for certain terms and conditions

18 9/19/19 Peter Gnatowski 2.0 Reviewed and commented on analysis and summary of conditions in debt confident letters and equity backstop

18 9/19/19 Sherman Guillema 2.7 Reviewed research re: capital market conditions for confident letters

18 9/19/19 Sherman Guillema 0.8 Review and comment discussion materials regarding exit financing commitments

18 9/19/19 Zack Stone 1.3 Review equity commitment proposals

18 9/19/19 Zack Stone 2.0 Summarize equity commitment proposals

18 9/20/19 Alex Gebert 1.4 Edits to Debtors' equity backstop presentation

18 9/20/19 Alex Stevenson 1.0 Review and analysis of financing commitments

18 9/20/19 Brent Williams 2.1 Research debtors equity commitment letters

18 9/20/19 Matt Merkel 2.3 Refined commitment letters summary

18 9/20/19 Matt Merkel 2.0 Made edits to commitment letters summary from senior review

18 9/20/19 Matt Merkel 1.6 Additional edits to commitment letters summary from senior review

18 9/20/19 Peter Gnatowski 1.0 Provided internal comments on key observations of highly confident letters

18 9/20/19 Peter Gnatowski 1.2 Made revisions to equity backstop presentation analysis; internal emails re: same

18 9/20/19 Peter Gnatowski 1.7 Reviewed updated presentation on analysis of confident letters; comments to internal team 

18 9/20/19 Peter Gnatowski 1.5 Reviewed and commented on subsequent draft of the presentation on confident letters 

18 9/20/19 Zack Stone 0.8 Address internal comments on equity commitment proposals

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 90

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

18 9/21/19 Alex Gebert 1.5 Consolidate and review Debtors' commitment/financing letters

18 9/21/19 Matt Merkel 2.2 Compiled and analyzed latest financing letters

18 9/21/19 Matt Merkel 1.3 Made direct edits to commitment letters summary from senior review

18 9/21/19 Peter Gnatowski 0.5 Internal correspondence with senior bankers re: confident letter presentation analysis

18 9/21/19 Riley Jacobs 2.0 Review and analyzed commitment letters from bondholders based on request from senior banker

18 9/21/19 Riley Jacobs 1.5 Summarized key terms from bondholder commitment letters

18 9/21/19 Sherman Guillema 2.7 Reviewed debt confident letters and equity backstop commitments and internal correspondence

18 9/21/19 Sherman Guillema 0.5 Review and comment on materials regarding financing letters

18 9/22/19 Alex Stevenson 0.9 Review and analysis of financing commitments

18 9/22/19 Brendan Murphy 0.9 Review of internal materials re: Debtors Plan Equity Commitments

18 9/22/19 Brent Williams 2.0 Review and comment of PG&E equity backstop presentation 

18 9/22/19 Brent Williams 1.6 Reviewed and commented on commitment letter presentation

18 9/22/19 Matt Merkel 1.9 Reviewed latest financing letters for additional terms requested

18 9/22/19 Matt Merkel 2.3 Made direct edits to commitment letters summary from senior review

18 9/22/19 Peter Gnatowski 0.8 Reviewed updated presentation analysis of debt confident letters and equity backstop agreement

18 9/22/19 Sherman Guillema 1.2 Discussed and commented on exit financing summary

18 9/23/19 Alex Stevenson 0.7 Review and comment on analysis of bank letters in support of Debtors POR

18 9/23/19 Alex Stevenson 0.4 Correspondence with Lincoln team re: analysis of equity backstop letters

18 9/23/19 Alex Stevenson 1.9 Additional review financing commitments

18 9/23/19 Brent Williams 1.5 Review updated and amended financing commitments from bondholders 

18 9/23/19 Matt Merkel 2.8 Updated commitment letter summary and analysis

18 9/23/19 Matt Merkel 2.6 Made direct edits to commitment letters summary from senior review

18 9/23/19 Naeem Muscatwalla 1.2 Developed presentation that summarizes bondholders and debtors commitment letters

18 9/23/19 Naeem Muscatwalla 0.9 Internal coordination regarding presentation summarizing Plan and Bondholders financing letters

18 9/23/19 Peter Gnatowski 1.2 Comments to MM re: additional changes to confident letter analysis

18 9/23/19 Riley Jacobs 1.7 Reconciled revised bondholders commitment letters and term sheet

18 9/23/19 Zack Stone 1.0 Reviewed and summarized Bondholders' commitment letters

18 9/24/19 Alex Gebert 0.8 Review Debtors' commitment/financing letters

18 9/24/19 Alex Gebert 2.2 Summary of Bondholders' commitment letters

18 9/24/19 Alex Stevenson 0.9 Review and comment re: financing condition presentation

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 91

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

18 9/24/19 Brent Williams 1.7 Review updated comparatives of financing commitments 

18 9/24/19 Matt Merkel 0.8 Responded to senior banker questions on revised bondholder commitment letter

18 9/24/19 Naeem Muscatwalla 2.5 Revision to presentation that summarizes bondholders and debtors commitment letters

18 9/24/19 Riley Jacobs 0.9 Review and summarize filings from debtors and Abrams / Knighthead re equity backstop

18 9/24/19 Riley Jacobs 1.6 Additional review of equity backstop pleading re: claim distributions

18 9/25/19 Alex Stevenson 0.3 Draft email to BH re: financing presentation

18 9/25/19 Alex Stevenson 1.6 Finalize financing presentation

18 9/25/19 Matt Merkel 2.4 Reviewed equity backstop discussion materials

18 9/25/19 Matt Merkel 0.9 Reviewed equity backstop commitment letter filing

18 9/25/19 Matt Merkel 2.4 Reviewed additional content added to financing letters summary

18 9/25/19 Matt Merkel 0.5 Prepared for and discussed edits to financing commitments summary with senior banker

18 9/25/19 Naeem Muscatwalla 1.1 Review of equity backstop commitments and equity backstop language in Debtor's filings

18 9/25/19 Peter Gnatowski 0.3 Reviewed updated presentation re: commitment letters

18 9/25/19 Riley Jacobs 0.5 Internal communications re: equity backstop commitment presentation and analysis

18 9/25/19 Riley Jacobs 1.4 Review internal presentation and analysis re: bondholder and Debtor financing commitments

18 9/25/19 Sherman Guillema 1.3 Review and comment on materials re: updated Plan term sheet & commitment letter

18 9/26/19 Brendan Murphy 1.4 Review and analysis of debt confidential materials from Counsel

18 9/26/19 Brent Williams 1.8 Reviewed and commented on backstop analysis and presentation

18 9/26/19 Matt Merkel 1.8 Made edits to financing commitments summary based on senior review

18 9/27/19 Alex Stevenson 1.5 Review and comment on presentation on capital market implications

18 9/30/19 Brent Williams 1.8 Review of debtor highly confident letters and other financing commitments 

18 9/30/19 Brent Williams 0.8 Internal discussions re: analysis of various financing commitments

18 9/30/19 Matt Merkel 0.6 Review of recent docket filings re: Debtors' replies to Bondholder plan

19 8/7/19 Brendan Murphy 0.5 Review of S&P Reports and related analysis on PG&E

19 8/7/19 Erik Ellingson 1.5 Review historical S&P rating summary analysis and downgrades

19 8/7/19 Naeem Muscatwalla 1.9 Reviewed S&P reports on PG&E re: credit ratings

19 8/7/19 Naeem Muscatwalla 0.8 Compiled and circulated S&P reports on PG&E re: credit ratings

19 8/7/19 Sherman Guillema 2.0 Reviewed S&P reports on PG&E re: credit ratings impact

19 8/12/19 Alex Gebert 0.5 Internal emails re: Debtors' equity commitments

19 8/13/19 Alex Stevenson 0.2 Internal communications re: exit financing analysis

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 92

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

19 8/14/19 Matt Merkel 1.1 Prepared for and participated in S&P ratings call

19 8/15/19 Alex Stevenson 1.1 Prepare for a call with S&P analyst re: investment grade criteria

19 8/15/19 Peter Gnatowski 0.6 Reviewed internal notes re: rating agency 

19 8/24/19 Brendan Murphy 0.5 Review of debt capacity analysis

19 8/24/19 Sherman Guillema 1.5 Researched S&P credit rating criteria

19 8/25/19 Sherman Guillema 3.0 Additional research on S&P credit rating criteria

19 8/26/19 Matt Merkel 1.0 Prepared for and participated in call with S&P 

19 8/26/19 Matt Merkel 1.4 Researched S&P credit rating criteria

19 8/26/19 Matt Merkel 1.8 Drafted S&P credit rating analysis materials

19 8/26/19 Peter Gnatowski 0.3 Reviewed updated internal notes re: credit ratings

19 8/26/19 Riley Jacobs 0.6 Internal communications: re credit rating presentation

19 8/26/19 Sherman Guillema 1.7 Researched S&P credit rating criteria

19 8/26/19 Sherman Guillema 1.0 Prepared for and participated in call with credit rating agency

19 8/26/19 Sherman Guillema 0.5 Internal discussion re: S&P credit rating methodology

19 8/26/19 Sherman Guillema 0.5 Reviewed and commented on credit rating analysis

19 8/27/19 Matt Merkel 2.1 Drafted S&P crediting rating presentation

19 8/27/19 Matt Merkel 1.9 Reviewed and made direct edits to credit rating materials from junior banker

19 8/27/19 Matt Merkel 0.3 Prepared for and discussed credit rating analysis with senior banker

19 8/27/19 Matt Merkel 2.0 Made edits to credit rating analysis materials from senior banker

19 8/27/19 Riley Jacobs 3.0 Research re: credit ratings metrics and calculations

19 8/27/19 Riley Jacobs 2.2 Additional research re: credit ratings for comparable utilities

19 8/27/19 Riley Jacobs 2.8 Edits to credit ratings analysis and summary presentation 

19 8/27/19 Sherman Guillema 1.5 Reviewed and commented on updated credit ratings analysis

19 8/27/19 Sherman Guillema 1.5 Reviewed credit rating reports on comparable utilities

19 8/28/19 Matt Merkel 2.2 Researched and responded to senior banker re: S&P ratings questions

19 8/28/19 Matt Merkel 1.6 Made direct edits to ratings agency analysis from senior banker

19 8/28/19 Matt Merkel 0.5 Summarized ratings agency presentation for senior banker

19 8/28/19 Matt Merkel 0.6 Reviewed summary from junior banker on capital structure

19 8/28/19 Sherman Guillema 2.7 Reviewed credit rating reports on comparable utilities

19 8/28/19 Sherman Guillema 0.5 Reviewed and commented on credit ratings analysis and presentation

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 93

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

19 9/9/19 Riley Jacobs 2.0 Prepare interest rate analysis

19 9/9/19 Riley Jacobs 1.2 Revise interest rate analysis per internal comments

19 9/9/19 Riley Jacobs 0.6 Internal communications re: capital structure and interest rate analysis

19 9/10/19 Peter Gnatowski 0.8 Reviewed historical interest expense for Debtors

19 9/15/19 Brent Williams 1.8 Review debt capacity of PG&E and interest rate implications

19 9/18/19 Brent Williams 1.2 Review debt capacity of plan term sheets

19 9/23/19 Alex Gebert 2.0 Revised interest expense analysis

19 9/23/19 Alex Stevenson 0.5 Correspondence with Lincoln team re: analysis of capital structure issues and S&P ratings

19 9/23/19 Matt Merkel 2.3 Researched S&P credit rating criteria

19 9/23/19 Matt Merkel 1.1 Preparation for and internal communication with junior banker re: S&P credit rating analysis

19 9/23/19 Peter Gnatowski 0.8 Reviewed various Debtors' filings re: interest rate analysis; emails with team re: same

19 9/23/19 Peter Gnatowski 1.5 Reviewed and commented on interest rate comparison analysis

19 9/23/19 Sherman Guillema 1.3 Reviewed illustrative post-reorg credit rating analysis

19 9/24/19 Alex Gebert 1.6 Sensitivity analysis re: pro forma interest expense

19 9/24/19 Alex Gebert 2.0 Credit rating and related analysis

19 9/24/19 Matt Merkel 2.4 Made direct edits to illustrative S&P credit rating analysis

19 9/24/19 Matt Merkel 2.2 Reviewed pro forma interest expense analysis

19 9/24/19 Matt Merkel 2.1 Reviewed prior accrued interest analysis

19 9/24/19 Matt Merkel 3.0 Researched accrued interest analysis inputs and credit agreements

19 9/24/19 Matt Merkel 0.7 Provided guidance to junior banker on accrued interest analysis

19 9/24/19 Naeem Muscatwalla 3.0 Calculated projected interest expense that would result from the Debtor and Bondholders' proposals

19 9/24/19 Naeem Muscatwalla 1.7 Drafted presentation summarizing Debtor's presumed credit rating score

19 9/24/19 Naeem Muscatwalla 2.3 Calculated pro-forma Debt, EBITDA and FFO metrics for various exit scenarios

19 9/24/19 Peter Gnatowski 1.8 Reviewed and edited interest rate analysis 

19 9/24/19 Peter Gnatowski 1.2 Research into interest rate information from the debtors per public filings

19 9/24/19 Peter Gnatowski 1.4 Reviewed credit rating analysis prepared by junior banker; edits re: Same

19 9/24/19 Riley Jacobs 1.9 Summarize and review interest calculations in potential plans

19 9/24/19 Zack Stone 0.3 Preparation for and internal discussion re: revisions to interest expense analysis

19 9/24/19 Zack Stone 0.8 Review PG&E documents for interest rate assumptions

19 9/24/19 Zack Stone 2.2 Updated interst rate analysis per new assumptions

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 94

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

19 9/25/19 Matt Merkel 2.0 Reviewed accrued interest analysis from junior banker

19 9/26/19 Matt Merkel 2.1 Reviewed interest expense comparison analysis

19 9/26/19 Matt Merkel 2.1 Reviewed capitalization under various plans

19 9/26/19 Naeem Muscatwalla 0.7 Review revised Debtor and Bondholder term sheets to identify interest expenses associated with debt

19 9/26/19 Naeem Muscatwalla 4.7 Compiled spreadsheet with accrued interest calculation for Debtor through Bankruptcy exit

19 9/26/19 Naeem Muscatwalla 0.8 Internal coordination regarding accrued interest calculations

19 9/26/19 Naeem Muscatwalla 2.5 Revision to accrued interest calculations

19 9/26/19 Naeem Muscatwalla 0.6 Internal coordination regarding Debtor's accrued interest

19 9/26/19 Zack Stone 0.4 Preparation for and internal discussion re: interest expense analysis

19 9/26/19 Zack Stone 1.2 Revise prepare Interest Expense Analysis per internal comment

19 9/27/19 Alex Gebert 3.0 Credit profile analysis of PG&E based on various plans

19 9/27/19 Matt Merkel 0.9 Preparation for and internal communication on illustrative credit ratings analysis

19 9/27/19 Matt Merkel 2.1 Made edits to illustrative credit ratings analysis

19 9/27/19 Matt Merkel 2.1 Reviewed and provided comments to junior bankers on illustrative credit rating analysis

19 9/27/19 Sherman Guillema 0.9 Preparation for international discussion re: PG&E credit ratings

19 9/27/19 Zack Stone 1.0 Preparation for and internal discussions re: illustrative credit rating analysis

19 9/27/19 Zack Stone 2.5 Prepare illustrative credit rating analysis re: term sheets

19 9/27/19 Zack Stone 1.0 Prepare illustrative credit rating analysis re: comparable company

19 9/27/19 Zack Stone 1.5 Revisions to illustrative credit rating analysis

19 9/28/19 Alex Stevenson 0.9 Review credit rating calculations and supporting documents

19 9/28/19 Matt Merkel 3.0 Reviewed illustrative credit ratings analysis re: calculations

19 9/28/19 Matt Merkel 2.8 Revised credit rating presentation per internal comments

19 9/28/19 Matt Merkel 2.5 Additional edits to illustrative S&P credit rating analysis re: research, calculations, formatting, comparable 

company

19 9/28/19 Peter Gnatowski 0.8 Reviewed and comments to updated illustrative credit rating analysis and bond raises analysis

19 9/28/19 Zack Stone 1.0 Update illustrative S&P credit rating presentation

19 9/28/19 Zack Stone 2.0 Update illustrative S&P credit rating analysis

19 9/29/19 Sherman Guillema 1.7 Review and comment on illustrative credit ratings analysis

19 9/30/19 Alex Stevenson 0.7 Preparation for and call with MM re: credit rating calculations

19 9/30/19 Brendan Murphy 0.8 Review of financial analysis of bond interest

19 9/30/19 Matt Merkel 2.1 Made direct edits to illustrative S&P credit rating analysis

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 95

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

19 9/30/19 Matt Merkel 2.8 Reviewed and made edits to interest expense analysis

19 9/30/19 Matt Merkel 1.8 Made edits to interest comparison analysis

19 9/30/19 Peter Gnatowski 1.5 Updated interest rate analysis and comparison of plans; internal emails re: same

19 9/30/19 Zack Stone 1.2 Preparation for and internal discussions re: illustrative S&P Credit Analysis

19 9/30/19 Zack Stone 2.8 Update illustrative S&P Credit Analysis re: Bondholder Plan

19 9/30/19 Zack Stone 2.6 Update illustrative S&P Credit Analysis re: Debtors Plan

19 9/30/19 Zack Stone 1.4 Update illustrative S&P Credit Analysis re internal comments

20 6/3/19 Alex Gebert 2.0 Update benchmarking analysis

20 6/28/19 Peter Gnatowski 0.6 Reviewed latest benchmarking analysis 

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

20 8/9/19 Naeem Muscatwalla 1.7 Research on comparable bond issues and relevant metrics

20 8/9/19 Naeem Muscatwalla 0.9 Internal coordination on debt comparables analysis

20 8/9/19 Naeem Muscatwalla 2.0 Developed analysis on comparable bond issues 

20 8/9/19 Sherman Guillema 1.0 Reviewed and commented on analysis on comparable bond issues 

20 8/9/19 Sherman Guillema 0.6 Internal coordination on debt comparables analysis

20 8/9/19 Sherman Guillema 0.5 Research on comparable bonds from utilities other financial info 

20 8/9/19 Sherman Guillema 0.3 Review of previous bond and equity underwriters for PG&E

20 8/10/19 Naeem Muscatwalla 1.8 Research on comparable bond issues and relevant metrics

20 8/10/19 Naeem Muscatwalla 2.1 Revision to presentation / analysis on financing comps

20 8/10/19 Sherman Guillema 0.5 Research on comparable bond issues and relevant metrics

20 8/10/19 Sherman Guillema 0.5 Review of revised presentation / analysis on financing comps

20 8/11/19 Erik Ellingson 2.3 Reviewed comparables and benchmarking analysis and review for valuation guidance

20 8/11/19 Naeem Muscatwalla 2.5 Continued research on comparable bond issues and relevant metrics

20 8/11/19 Naeem Muscatwalla 2.2 Revision to presentation / analysis on financing comps

20 8/11/19 Naeem Muscatwalla 1.9 Internal communications and additional revisions to presentation / analysis on financing comps

20 8/11/19 Naeem Muscatwalla 1.0 Internal communications re: updating and analyzing benchmarking comps

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 96

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

20 8/11/19 Sherman Guillema 0.5 Review of revised presentation / analysis on financing comps

20 8/11/19 Sherman Guillema 1.2 Internal coordination regarding financing comps

20 8/12/19 Alex Stevenson 0.3 Internal communications re: comparable exit financing analysis

20 8/12/19 Brendan Murphy 0.7 Review analysis of comparable bonds spreads analysis

20 8/12/19 Naeem Muscatwalla 1.9 Revision to presentation / analysis on financing comps based on new research

20 8/12/19 Peter Gnatowski 1.2 Review and comment on debt financing analysis from junior bankers

20 8/13/19 Brent Williams 1.5 Review comparable debt analysis

20 8/13/19 Sherman Guillema 0.5 Review of revised presentation / analysis on financing comps

20 8/20/19 Zack Stone 1.6 Benchmarking analysis for comparable company 1 (Electricity and Natural Gas)

20 8/20/19 Zack Stone 1.4 Benchmarking analysis for comparable company 2 (Electricity and Natural Gas)

20 8/20/19 Zack Stone 1.2 Benchmarking analysis for comparable company 3 (Electricity and Natural Gas)

20 8/20/19 Zack Stone 1.2 Benchmarking analysis for comparable company 4 (Electricity and Natural Gas)

20 8/20/19 Zack Stone 1.2 Benchmarking analysis for comparable company 5 (Electricity and Natural Gas)

20 8/21/19 Alex Gebert 0.7 Research, pull, and analyze analyst reports re: PG&E and comparable companies

20 8/21/19 Zack Stone 1.2 Benchmarking analysis for comparable company 6 (Natural Gas)

20 8/21/19 Zack Stone 1.4 Benchmarking analysis for comparable company 7 (Natural Gas)

20 8/21/19 Zack Stone 0.9 Benchmarking analysis for comparable company 8 (Natural Gas)

20 8/21/19 Zack Stone 1.1 Benchmarking analysis for comparable company 9 (Natural Gas)

20 8/21/19 Zack Stone 1.4 Benchmarking analysis for comparable company 10 (Natural Gas)

20 8/22/19 Zack Stone 1.6 Benchmarking analysis for comparable company 11 (Electricity)

20 8/22/19 Zack Stone 1.3 Benchmarking analysis for comparable company 12 (Electricity)

20 8/22/19 Zack Stone 1.2 Benchmarking analysis for comparable company 13 (Electricity)

20 8/23/19 Matt Merkel 0.6 Reviewed bond comparables and terms

20 8/23/19 Riley Jacobs 1.8 Research comparable new bond raises

20 8/23/19 Zack Stone 1.0 Benchmarking analysis for comparable company 14 (Electricity)

20 8/23/19 Zack Stone 1.1 Benchmarking analysis for comparable company 15 (Electricity)

20 8/23/19 Zack Stone 0.8 Review of financial information for Electricity and Natural Gas comparable companies for benchmarking 

analysis

20 8/23/19 Zack Stone 0.8 Review of financial information for Natural Gas comparable companies for benchmarking analysis

20 8/23/19 Zack Stone 0.8 Review of financial information for Electricity comparable companies for benchmarking analysis

20 8/24/19 Sherman Guillema 1.5 Additional research and review of comparable securities

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 97

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

20 8/25/19 Matt Merkel 1.4 Reviewed comparable bonds research from junior banker

20 8/25/19 Sherman Guillema 1.0 Reviewed comparable bonds research

20 8/26/19 Zack Stone 1.0 Benchmarking analysis for subject company

20 8/27/19 Alex Stevenson 1.5 Review/comment on comparable bond issuance analysis

20 8/27/19 Zack Stone 1.8 Review CFRA industry survey and research on electric utilities

20 8/27/19 Zack Stone 2.0 Summarize and analyze CFRA industry survey on electric utilities - industry trends

20 8/27/19 Zack Stone 2.9 Summarize and analyze CFRA industry survey on electric utilities - financial metrics/other

20 8/28/19 Matt Merkel 0.5 Provided guidance to junior banker on comparable bonds analysis

20 8/28/19 Naeem Muscatwalla 0.5 Internal coordination regarding comparable bond analysis

20 8/28/19 Peter Gnatowski 2.2 Reviewed and comment on updated benchmarking comparable analysis

20 8/28/19 Riley Jacobs 0.6 Internal communication: re utility industry transaction comps

20 8/28/19 Riley Jacobs 2.5 Research utility transaction comps

20 8/28/19 Riley Jacobs 1.8 Create spreadsheet outlining utility industry transaction comps

20 8/28/19 Zack Stone 1.0 Address internal comments CFRA industry survey on electric utilities

20 8/29/19 Alex Gebert 2.6 Precedent transaction analysis (gas, electric, combined)

20 8/29/19 Erik Ellingson 1.4 Review of junior banker prepared materials for PG&E capital structure guidance deck

20 8/29/19 Peter Gnatowski 2.1 Researched and reviewed comparable MCP structures in prior bankruptcy cases

20 8/30/19 Brendan Murphy 0.7 Review of comparable companies and related analysis from Advisors' materials

20 8/30/19 Brent Williams 1.5 Review of comparative company trading multiples

20 8/30/19 Brent Williams 0.5 Review trading comps and value of Debtors based on benchmarks

20 8/30/19 Matt Merkel 1.4 Reviewed comparable capital structure analysis

20 8/30/19 Matt Merkel 1.4 Reviewed capital structure summary from analyst and provided comments

20 8/30/19 Matt Merkel 1.6 Coordinated comparable company analysis

20 8/30/19 Naeem Muscatwalla 1.6 Research of precedent transactions in the Utility space

20 8/30/19 Naeem Muscatwalla 1.2 Updated precedent transactions analysis

20 8/30/19 Naeem Muscatwalla 0.3 Review of PG&E's cost of capital analysis per Bloomberg

20 8/30/19 Naeem Muscatwalla 0.5 Internal coordination regarding public benchmarking comps

20 8/30/19 Peter Gnatowski 2.4 Additional review of comparable company analysis; comments to junior bankers re: same

20 8/30/19 Riley Jacobs 0.5 Internal communications re: updating PGE comps

20 8/30/19 Sherman Guillema 1.5 Provided guidance on comparable capital structure analysis; internal discussions with junior bankers

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 98

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

20 8/30/19 Zack Stone 0.5 Preparation for and internal discussion re comparable capital structure analysis

20 8/30/19 Zack Stone 0.8 Drafted analysis of comparable capital structures

20 8/30/19 Zack Stone 2.0 Additional analysis of capital structure analysis

20 8/30/19 Zack Stone 1.0 Updated benchmarking analysis for comps used by other advisors

20 8/30/19 Zack Stone 0.3 Benchmarking analysis for comparable companies - beta analysis

20 8/31/19 Matt Merkel 1.0 Provided guidance to junior bankers on benchmarking analysis

20 8/31/19 Sherman Guillema 0.7 Internal discussion re: capital structure and benchmarking analysis

20 9/2/19 Brent Williams 0.5 Reviewed and commented on benchmarking analysis

20 9/2/19 Naeem Muscatwalla 1.7 Research of precedent transactions in the Utility space

20 9/2/19 Naeem Muscatwalla 2.2 Revision to precedent transaction analysis

20 9/2/19 Naeem Muscatwalla 3.9 Revision to public comparable companies analysis - Updated 3 of 15 names for Q2 Metrics

20 9/3/19 Alex Gebert 2.6 Prepare average cost of capital analysis for Electric, Gas, and E&G comparables

20 9/3/19 Alex Gebert 0.5 Edits to cost of capital analysis for Electric, Gas, and E&G comparables

20 9/3/19 Alex Stevenson 0.2 Correspondence re: comp analysis

20 9/3/19 Brendan Murphy 0.8 Review of comparable companies and related analysis from Advisors' materials

20 9/3/19 Matt Merkel 2.6 Reviewed precedent transactions analysis

20 9/3/19 Matt Merkel 2.1 Reviewed comparable analysis from junior bankers; internal correspondence

20 9/3/19 Naeem Muscatwalla 0.4 Review of public comparable companies used in third party analysis

20 9/3/19 Naeem Muscatwalla 4.8 Revision to public comparable companies analysis - Update 4 of 15 names for Q2 Metrics

20 9/3/19 Naeem Muscatwalla 3.7 Revision to public comparable companies analysis - Update 3 of 15 names for Q2 Metrics

20 9/3/19 Naeem Muscatwalla 2.0 Internal coordination regarding public comparable benchmarking analysis

20 9/3/19 Peter Gnatowski 0.5 Internal discussions re: updating trading comparable

20 9/3/19 Peter Gnatowski 2.5 Reviewed and commented on updated trading comparable

20 9/3/19 Sherman Guillema 1.0 Provided comments on transaction comps

20 9/3/19 Zack Stone 0.8 Preparation for and internal discussion re: Precedent Transactions

20 9/3/19 Zack Stone 1.0 Drafted comparable benchmarking analysis template for new additions

20 9/3/19 Zack Stone 2.5 Reviewed and analyzed other advisor comparable benchmarking analysis re: financial analysis

20 9/3/19 Zack Stone 1.5 Continued review and analysis of other advisor comparable benchmarking analysis vs internal companies 

analysis

20 9/3/19 Zack Stone 1.8 Updated other advisor comparable benchmarking analysis vs internal companies analysis

20 9/3/19 Zack Stone 0.6 Precedent Transaction analysis updates

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page 99

of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

20 9/3/19 Zack Stone 0.9 Summary of other advisor benchmarking analysis

20 9/3/19 Zack Stone 1.0 Preparation of revised comparable analysis 

20 9/4/19 Alex Gebert 0.5 Discuss benchmarking model with senior banker

20 9/4/19 Alex Gebert 2.3 Review third party analysis for valuation treatments

20 9/4/19 Alex Gebert 2.1 Continued review of other third party analyst reports for valuation treatments

20 9/4/19 Brendan Murphy 1.3 Review of comparable companies and related analysis from Advisors' materials

20 9/4/19 Matt Merkel 2.9 Reviewed benchmarking comparable analysis from junior bankers

20 9/4/19 Matt Merkel 1.8 Reviewed revised comparable analysis from junior bankers and provided comments

20 9/4/19 Matt Merkel 2.5 Reviewed revised precedent transactions analysis

20 9/4/19 Naeem Muscatwalla 3.0 Revision to public comparable companies analysis - Update 2 of 15 names for Q2 Metrics

20 9/4/19 Naeem Muscatwalla 2.0 Revision to public comparable companies analysis - Update 3 of 15 names for Q2 Metrics

20 9/4/19 Naeem Muscatwalla 0.6 Internal coordination regarding public comparable benchmarking analysis

20 9/4/19 Peter Gnatowski 1.8 Reviewed updated comparable analysis including other advisor comps

20 9/4/19 Peter Gnatowski 2.3 Researched various comparable re: rate base assumptions

20 9/4/19 Peter Gnatowski 1.5 Reviewed updated comparable analysis; internal emails re: same

20 9/4/19 Riley Jacobs 1.6 Review materials and internal conversations on PG&E comps

20 9/4/19 Riley Jacobs 1.9 Research adjusted EBITDA for comps from Bloomberg

20 9/4/19 Riley Jacobs 2.3 Edit PGE comparable companies analysis; review work performed on comps and make adjustments 

20 9/4/19 Riley Jacobs 1.8 Create internal analysis comparing internal comps to other advisor comps

20 9/4/19 Riley Jacobs 2.1 Internal conversation and edits to analysis comparing internal comps to other advisor comps

20 9/4/19 Riley Jacobs 0.7 Additional revisions to internal comps vs other advisor comps based on senior banker feedback

20 9/4/19 Zack Stone 2.2 Precedent Transaction analysis re: mergermarket data

20 9/4/19 Zack Stone 2.0 Precedent Transaction analysis re: electric only (mergermarket data)

20 9/4/19 Zack Stone 2.5 Summarizing and preparing deliverable for third party advisor benchmarking analysis

20 9/4/19 Zack Stone 2.0 Internal comments on third party advisor analysis deliverable

20 9/4/19 Zack Stone 2.0 Precedent Transaction analysis re: gas only (mergermarket data)

20 9/4/19 Zack Stone 1.5 Benchmarking analysis for comparable companies - internal comments

20 9/5/19 Alex Gebert 2.1 Precedent analysis of MCP in bankruptcies

20 9/5/19 Brendan Murphy 0.7 Review of industry guidance analysis prepared for TCC and Counsel

20 9/5/19 Erik Ellingson 2.8 Final review / summary and CFRA Industry Guidance 

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

20 9/5/19 Peter Gnatowski 1.5 Reviewed CFRA industry snapshot and research

20 9/5/19 Peter Gnatowski 1.2 Reviewed and commented on comparable analysis versus other advisors

20 9/5/19 Riley Jacobs 1.4 Internal conversations and analysis on comp companies results

20 9/5/19 Riley Jacobs 2.4 Updates to Utility Industry Comps

20 9/5/19 Riley Jacobs 0.6 Internal communications and formatting revisions to Utility industry comps

20 9/5/19 Zack Stone 1.0 Internal comments on third party advisor benchmarking analysis deliverable

20 9/6/19 Alex Gebert 1.5 Review precedent transaction analysis (gas, electric, combined)

20 9/6/19 Alex Gebert 1.5 Edits to public comparable companies

20 9/6/19 Alex Stevenson 0.5 Review comparable analysis and comment

20 9/6/19 Brendan Murphy 1.4 Review of comparable companies and related analysis from Advisors' materials

20 9/6/19 Brent Williams 2.0 Review utility company comparable metrics

20 9/6/19 Erik Ellingson 1.8 Electrical Utility Comp Set Evaluation & Update

20 9/6/19 Erik Ellingson 2.0 Electrical and Gas Utility Comp Set review and comment

20 9/6/19 Erik Ellingson 2.4 Internal comps vs third party advisors comps analysis review and comment

20 9/6/19 Matt Merkel 1.9 Reviewed revised comparable analysis from junior bankers and provided comments

20 9/6/19 Peter Gnatowski 1.7 Reviewed and commented on updated trading comparable

20 9/6/19 Sherman Guillema 1.2 Review and discuss comparable

20 9/6/19 Zack Stone 2.5 Revised and reconciled third party benchmarking analysis deliverable re: rate base

20 9/6/19 Zack Stone 2.5 Revised and reconciled third party benchmarking analysis deliverable re: multiples

20 9/6/19 Zack Stone 1.6 Internal comments on third party benchmarking analysis deliverable re: presentation format

20 9/7/19 Matt Merkel 2.3 Reviewed revised comparable analysis from junior bankers and provided comments

20 9/8/19 Peter Gnatowski 2.2 Revised updated comps analysis for new rate base assumptions

20 9/8/19 Zack Stone 2.9 Internal comments re: forward rate base updates on benchmarking analysis

20 9/9/19 Brendan Murphy 0.7 Review and comments to updated (proprietary) comparable multiples analysis

20 9/9/19 Brendan Murphy 1.1 Review of comparable companies and related analysis from Other Advisors' materials

20 9/9/19 Brent Williams 1.5 Review of PG&E base rate comparable

20 9/9/19 Erik Ellingson 2.1 Pref Equity Historical Research - Comp 1

20 9/9/19 Erik Ellingson 1.7 Pref Equity Historical Research - Comp 2

20 9/9/19 Erik Ellingson 2.2 Pref Equity Historical Research - Comp 3

20 9/9/19 Naeem Muscatwalla 0.6 Internal coordination regarding public benchmarking comps

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

20 9/9/19 Zack Stone 0.5 Preparation for and internal discussion re: benchmarking analysis

20 9/10/19 Erik Ellingson 2.3 Preparation for an call and Review of Pref Equity coupon and summary preparation

20 9/10/19 Erik Ellingson 0.4 Preparation for and internal call on pref equity materials

20 9/10/19 Erik Ellingson 0.9 Preparation for and internal call regarding comp strategy and pref strategy materials

20 9/11/19 Brendan Murphy 0.9 Review and comments to updated (proprietary) comparable multiples analysis

20 9/11/19 Erik Ellingson 3.6 Comparable analysis research on pref equity deal structures proposed

20 9/11/19 Zack Stone 1.0 Preparation for and internal discussion re: preferred equity structures benchmarking

20 9/13/19 Erik Ellingson 1.4 Review key observations on third party benchmarking analysis

20 9/13/19 Erik Ellingson 3.2 Final Review of mandatory convertible preferred security comps

20 9/13/19 Naeem Muscatwalla 2.1 Research, review and distribution of sell-side research on Edison International

20 9/13/19 Peter Gnatowski 1.5 Reviewed and commented on updated trading comparable; internal discussions re: same

20 9/13/19 Peter Gnatowski 0.8 Reviewed updated trading comparable 

20 9/13/19 Zack Stone 1.5 Comparable company analysis re: multiple selection

20 9/16/19 Brendan Murphy 1.2 Review and comments to updated (proprietary) comparable multiples analysis

20 9/16/19 Erik Ellingson 3.4 Comps analysis re: rate base and EV EBITDA 

20 9/16/19 Erik Ellingson 4.5 Build-out of comparable Adj. EBITDA figures

20 9/16/19 Zack Stone 2.0 Comparable Company Analysis - public filings reconciliation

20 9/16/19 Zack Stone 1.2 Preparation for and internal discussion re: updates to comparable based on financial adjustments

20 9/17/19 Peter Gnatowski 0.5 Reviewed updated trading comparable analysis re: third party advisors; internal discussions re: same

20 9/17/19 Zack Stone 1.2 Additional review on comparable company analysis re: third party advisors

20 9/24/19 Erik Ellingson 3.2 Market comparables analysis and equity research update

20 9/26/19 Peter Gnatowski 1.1 Reviewed and commented on comparable debt analysis from junior bankers

20 9/27/19 Alex Gebert 2.3 Update market/pricing analysis of comparable debt securities

20 9/27/19 Alex Gebert 1.5 Prepare debt comparison presentation

20 9/27/19 Erik Ellingson 3.4 Third party advisor comparable analysis and spreading of LTM and adjustments

20 9/27/19 Erik Ellingson 2.4 Comparables EBITDA analysis and add-back calculations

20 9/27/19 Naeem Muscatwalla 1.1 Internal coordination regarding debt comparable analysis

20 9/27/19 Naeem Muscatwalla 1.6 Review of updated debt comparable analysis presentation

20 9/27/19 Naeem Muscatwalla 1.5 Revision to debt comparable analysis presentation

20 9/30/19 Peter Gnatowski 1.0 Reviewed comparable company analysis and internal discussions with team re: EBITDA adjustments

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

20 9/30/19 Zack Stone 0.6 Comparable company analysis re: market refresh

20 9/30/19 Zack Stone 0.6 Preparation for and internal discussions re: comparable company analysis

21 6/1/19 Matt Merkel 2.3 Edits to bondholder term sheet analysis

21 6/1/19 Matt Merkel 2.2 Prepared for and internal discussions re: bondholder analysis 

21 6/1/19 Matt Merkel 2.7 Revisions to bondholder analysis based on internal discussion

21 6/1/19 Sherman Guillema 1.0 Reviewed bondholder upside analysis and had discussion with junior banker

21 6/2/19 Matt Merkel 2.6 Additional discussions and revisions to bondholder term sheet analysis

21 6/2/19 Matt Merkel 2.2 Prepared sensitivity analysis based on bondholder term sheet

21 6/2/19 Matt Merkel 2.5 Edits to waterfall analysis based on bondholder terms sheet

21 6/2/19 Matt Merkel 2.1 Additional edits to bondholder waterfall analysis based on internal comments

21 6/2/19 Matt Merkel 2.4 Further revisions to bondholder term sheet analysis

21 6/2/19 Sherman Guillema 0.8 Reviewed bondholder upside analysis and had discussion with junior banker

21 6/3/19 Alex Stevenson 0.8 Review and comment on draft of bondholder proposal analysis

21 6/3/19 Alex Stevenson 0.4 Correspondence with internal team member re: bondholder proposal analysis

21 6/3/19 Alex Stevenson 0.3 Further review and comment on draft of bondholder proposal analysis

21 6/3/19 Matt Merkel 2.0 Prepared for and discussed bondholder analysis with internal team

21 6/3/19 Matt Merkel 2.5 Edits to bondholder analysis based on internal discussion and comments

21 6/3/19 Matt Merkel 1.8 Additional edits to waterfall upside analysis based on internal discussions and comments

21 6/3/19 Matt Merkel 2.5 Made edits to returns schedule of bondholder upside analysis based on internal discussion

21 6/3/19 Matt Merkel 2.2 Revised bondholder upside analysis based on review of internal review

21 6/3/19 Matt Merkel 3.0 Made edits to sensitivity tables in bondholder upside analysis based on internal discussion

21 6/3/19 Sherman Guillema 0.7 Reviewed bondholder upside analysis and had discussion with junior banker

21 6/3/19 Sherman Guillema 0.4 Reviewed bondholder upside analysis assumptions page

21 6/4/19 Alex Stevenson 1.1 Analysis of bondholder proposal and scenario analysis

21 6/4/19 Matt Merkel 2.1 Made edits to waterfall summary of bondholder upside analysis based on internal discussion

21 6/4/19 Matt Merkel 2.7 Drafted assumptions for bondholder upside analysis

21 6/4/19 Matt Merkel 2.3 Prepared and reviewed assumptions of upside bondholder analysis with internal team

21 6/4/19 Matt Merkel 2.4 Made edits to assumptions of upside bondholder analysis based on in internal discussion

21 6/4/19 Matt Merkel 2.1 Reviewed and verified calculations in bondholder upside analysis

21 6/4/19 Matt Merkel 2.2 Made edits to upside bondholder analysis from internal team

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

21 6/5/19 Matt Merkel 2.3 Continued edits to latest upside bondholder analysis

21 6/6/19 Matt Merkel 2.4 Updated waterfall/bondholder upside analysis for new claims amounts from Counsel

21 6/7/19 Alex Gebert 2.0 Review comparable term sheet from relevant cases

21 6/7/19 Alex Gebert 2.5 Begin drafting TCC term sheet

21 6/7/19 Alex Gebert 1.9 Side-by-side Waterfall scenario analysis for hypothetical equity sponsor plan

21 6/7/19 Alex Gebert 2.4 Additional drafting edits to term sheet

21 6/7/19 Alex Stevenson 0.4 Correspondence with internal team member regarding subrogation committee strategy

21 6/7/19 Matt Merkel 2.6 Updated bondholder proposal analysis

21 6/10/19 Alex Gebert 1.0 Waterfall analysis based on term sheet

21 6/10/19 Alex Stevenson 0.4 Review analysis of subrogation committee perspective

21 6/10/19 Brendan Murphy 2.8 Reviewed and comment on draft term sheet structure; reviewed bondholder proposal

21 6/10/19 Matt Merkel 2.0 Ran additional scenarios for bondholder proposal analysis 

21 6/10/19 Matt Merkel 2.3 Summarized bondholder proposal analysis scenario

21 6/10/19 Matt Merkel 2.1 Made further revisions to bondholder proposal analysis

21 6/10/19 Peter Gnatowski 1.8 Additional edits to term sheet draft

21 6/10/19 Peter Gnatowski 1.9 Further revisions to term sheet

21 6/10/19 Peter Gnatowski 1.6 Updated sources and uses analysis in term sheet

21 6/10/19 Riley Jacobs 0.7 Review subrogation analysis 

21 6/11/19 Alex Stevenson 1.3 Review draft plan term sheet and comment to internal team

21 6/11/19 Alex Stevenson 0.4 Review claims analysis and implications to term sheet

21 6/11/19 Brendan Murphy 3.1 Review and comment to term sheet re: updated assumptions

21 6/11/19 Matt Merkel 1.7 Made revisions to bondholder returns analysis

21 6/11/19 Peter Gnatowski 1.8 Additional edits to waterfall analysis in term sheet based on revised assumptions

21 6/12/19 Alex Stevenson 0.7 Preparation for and internal discussion to discuss plan alternatives and strategy

21 6/12/19 Alex Stevenson 0.4 Review further draft of plan term sheet

21 6/12/19 Brendan Murphy 2.0 Drafted, amended and commented to draft term sheet requested by Counsel

21 6/12/19 Matt Merkel 2.2 Updated bondholder proposal analysis

21 6/12/19 Matt Merkel 2.4 Adjusted inputs and other edits to bondholder proposal analysis from a team review

21 6/12/19 Peter Gnatowski 2.4 Further revisions to term sheet based on internal comments

21 6/13/19 Matt Merkel 2.3 Adjusted bondholder returns analysis for a new scenario

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

104 of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

21 6/14/19 Peter Gnatowski 1.0 Reviewed draft term sheet from junior banker

21 6/14/19 Peter Gnatowski 2.4 Comments to draft term sheet prepared by junior banker

21 6/14/19 Peter Gnatowski 2.5 Edits to draft term sheet

21 6/17/19 Alex Gebert 0.4 Internal discussion re: waterfall distribution in term sheet

21 6/17/19 Alex Gebert 3.5 Waterfall Distribution Analysis based on Bondholder's Proposal

21 6/17/19 Alex Gebert 2.0 Further slide preparation of waterfall preparation analysis and emails re: the same related to term sheet

21 6/17/19 Alex Stevenson 0.7 Review legal summary of made-whole doctrine for term sheet development purposes

21 6/17/19 Matt Merkel 1.4 Read materials and discussed waterfall analysis on bondholder proposal with junior banker

21 6/17/19 Matt Merkel 2.0 Reviewed waterfall analysis on bondholder proposal

21 6/18/19 Alex Gebert 2.5 Waterfall Distribution Analysis based on Bondholder's Proposal

21 6/18/19 Alex Gebert 2.1 Address senior level comments to waterfall and update slides on bondholder analysis

21 6/18/19 Matt Merkel 2.8 Reviewed and made edits to waterfall analysis on bondholder proposal

21 6/19/19 Brendan Murphy 1.9 Reviewed and comments re: term sheet comparison

21 6/24/19 Riley Jacobs 2.1 Review bondholder proposal

21 6/25/19 Alex Gebert 2.4 Review Ad Hoc Bondholders proposal

21 6/25/19 Alex Gebert 2.1 Researched key terms in bondholder proposal

21 6/25/19 Alex Gebert 1.8 Created summary of key terms in bondholder proposal

21 6/25/19 Alex Gebert 3.0 Additional research of comparable key terms in bondholder proposal

21 6/25/19 Alex Gebert 2.5 Update Waterfall and S&U for bondholder's proposal

21 6/25/19 Brendan Murphy 2.1 Reviewed and commented on draft term sheet

21 6/25/19 Brendan Murphy 1.9 Review of Ad Hoc Committee of Senior Unsecured Noteholders Motion to Terminate Debtors' Exclusivity

21 6/25/19 Brent Williams 2.0 Review and comment on bondholder presentation

21 6/25/19 Matt Merkel 2.1 Made edits to the waterfall value distribution analysis

21 6/25/19 Peter Gnatowski 1.5 Reviewed plan and term sheet filed by bondholders and related declaration; emails re: same

21 6/25/19 Peter Gnatowski 1.4 Reviewed updated bondholder analysis

21 6/25/19 Peter Gnatowski 2.1 Edits to bondholder analysis for TCC

21 6/25/19 Peter Gnatowski 1.5 Reviewed research and analysis from junior banker re: key terms from bondholder proposal

21 6/25/19 Peter Gnatowski 1.4 Edits to term sheet draft based on comments from counsel and internal team

21 6/25/19 Peter Gnatowski 1.2 Additional edits to term sheet draft based on comments from BM

21 6/25/19 Riley Jacobs 2.1 Review news articles and internal analysis on adhoc motion

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

21 6/26/19 Alex Gebert 2.0 Further updates/comparative analysis of Ad Hoc Bondholders proposal

21 6/26/19 Alex Gebert 1.7 Update S&U and Waterfall based on latest term sheet proposal

21 6/26/19 Alex Gebert 2.0 Edits to bondholder analysis presentation for TCC 

21 6/26/19 Alex Gebert 2.9 Prepare detailed side by side of TCC proposal and ad hoc proposal

21 6/26/19 Alex Stevenson 0.9 Review draft TCC term sheet

21 6/26/19 Alex Stevenson 0.5 Preparation for and correspondence with internal team re: term sheet

21 6/26/19 Alex Stevenson 0.8 Review analysis of bondholder term sheet 

21 6/26/19 Alex Stevenson 0.4 Correspondence with team re: bondholder term sheet

21 6/26/19 Brendan Murphy 1.7 Drafted, Amended and Commented to Draft Term Sheet Requested by Counsel

21 6/26/19 Brent Williams 3.0 Review and comment on bondholder proposal and analysis

21 6/26/19 Brent Williams 0.8 Preparation for and Discussion (Internal) on term sheets

21 6/26/19 Matt Merkel 2.2 Made edits to water distribution analysis based on internal discussions

21 6/26/19 Peter Gnatowski 1.2 Reviewed updated waterfall analysis from junior banker re: bondholder proposal; comments re: same

21 6/26/19 Peter Gnatowski 1.4 Prepared analysis of various return scenarios of bondholder plan based on comments from AS

21 6/26/19 Peter Gnatowski 1.0 Discussions with AS re: return analysis scenarios; edits to analysis based on comments from AS

21 6/26/19 Peter Gnatowski 1.5 Edits to backstop fee analysis; internal emails re: observations 

21 6/26/19 Peter Gnatowski 1.9 Various updates to summary and analysis to TCC on updated bondholder proposal

21 6/26/19 Peter Gnatowski 2.0 Additional edits to TS Draft based on comments from AS

21 6/26/19 Riley Jacobs 1.0 Review analysis of bondholder term sheet 

21 6/27/19 Brendan Murphy 1.3 Drafted, Amended and Commented to Draft Term Sheet

21 6/27/19 Brent Williams 1.9 Review and comment on draft term sheet

21 6/27/19 Peter Gnatowski 1.2 Additional edits to term sheet draft based on internal comments; discussions with junior banker re: same

21 6/28/19 Brendan Murphy 1.6 Reviewed and commented on updated 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 7/1/19 Brendan Murphy 3.9 Amended draft term sheet 

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 

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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

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 Riley Jacobs 2.1 Review bondholder proposal and internal analysis

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

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

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

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 7/6/19 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 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 7/12/19 Riley Jacobs 0.8 Edits and Formatting changes to term sheet draft 

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 7/15/19 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 7/16/19 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

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

107 of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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

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 7/16/19 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

21 7/16/19 Peter Gnatowski 1.5 Edits to waterfall analysis based on 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 7/17/19 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 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 Riley Jacobs 2.3 Create analysis to outline key factors in bondholder proposal per senior banker request

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

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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 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 Brent Williams 2.4 Review and comment on term sheet analysis; participate on internal call 

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 Riley Jacobs 0.8 Research comparable terms in bondholder proposal 

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 Brendan Murphy 1.3 Reviewed and comments on draft term sheet

21 7/19/19 Brent Williams 2.5 Additional review and comment of plan comparison for TCC meeting

21 7/19/19 Peter Gnatowski 1.2 Updated draft term sheet based on comments from counsel and internally

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 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 7/22/19 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

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

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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 Brendan Murphy 1.1 Drafted, Amended and Commented to Draft Term Sheet Requested by Counsel

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 7/23/19 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 7/24/19 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

21 7/24/19 Brendan Murphy 1.4 Drafted, Amended and Commented to Draft Term Sheet Requested by Counsel

21 7/24/19 Brent Williams 1.3 Discussion with counsel; review equity structure analysis

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 7/25/19 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 1.8 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

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

110 of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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 Brendan Murphy 1.3 Review and Analysis of Plan Term Sheet re: Confidential Party

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 Peter Gnatowski 1.1 Reviewed updated term sheet and analysis

21 7/30/19 Brendan Murphy 0.6 Analysis of updated sources / uses, provided by Debtors

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 7/31/19 Brent Williams 0.5 Preparation for and internal discussions re: plan process and presentation for TCC

21 8/1/19 Alex Stevenson 0.5 Initial review of CPUC competing plan process proposal; call with BW 

21 8/1/19 Brendan Murphy 0.7 Correspondence with Counsel re: Governor's Competing Plan Protocol

21 8/1/19 Brendan Murphy 1.3 Review of Governor's Competing Plan Protocol 

21 8/1/19 Brent Williams 1.5 Review timing issues with trust funding mechanism 

21 8/1/19 Brent Williams 1.0 Review CPUC plan protocol; internal call with AS re: strategy

21 8/1/19 Matt Merkel 1.9 Read/reviewed competing plan protocol

21 8/2/19 Alex Stevenson 1.8 Review, analyze and comment on CPUC process proposal

21 8/2/19 Brendan Murphy 1.6 Review of and comments to presentation re: Governor's Competing Plan Protocol

21 8/2/19 Brent Williams 2.5 Review CPUC protocol and implications 

21 8/2/19 Matt Merkel 0.5 Review of recent docket filings re: new plan term sheets

21 8/2/19 Matt Merkel 2.2 Reviewed and provided comments on competing plan protocol summary

21 8/2/19 Naeem Muscatwalla 2.1 Review of Governor's Competing Plan Proposal

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

21 8/2/19 Naeem Muscatwalla 2.6 Developed summary presentation on Competing Plan Proposal Protocol for TCC

21 8/2/19 Naeem Muscatwalla 2.0 Revisions to summary presentation on Competing Plan Proposal Protocol for TCC

21 8/2/19 Naeem Muscatwalla 0.9 Internal coordination call to discuss summary presentation on Competing Plan Proposal Protocol

21 8/2/19 Peter Gnatowski 1.5 Reviewed and comment on presentation on competing plan protocol for counsel

21 8/2/19 Peter Gnatowski 0.7 Reviewed competing plan protocol motion

21 8/3/19 Alex Stevenson 0.5 Call with BW re: process overview and latest regulatory filings

21 8/3/19 Brent Williams 0.5 Internal call re: plan process overview and strategy

21 8/3/19 Peter Gnatowski 1.5 Reviewed and commented on updated presentation of competing plan protocol for counsel

21 8/4/19 Alex Stevenson 1.2 Review and comment on presentation to counsel regarding case process proposal

21 8/4/19 Alex Stevenson 0.3 Follow up email correspondence on plan process summary presentation

21 8/4/19 Brendan Murphy 1.1 Review and comments to TCC Presentation re: Governor's Competing Plan Protocol

21 8/4/19 Brent Williams 2.5 Review CPUC plan protocol presentation and comments 

21 8/4/19 Matt Merkel 2.2 Made edits to competing plan protocol summary

21 8/4/19 Naeem Muscatwalla 1.6 Revisions to summary presentation on Competing Plan Proposal Protocol

21 8/4/19 Naeem Muscatwalla 0.9 Internal coordination call to discuss summary presentation on Competing Plan Proposal Protocol

21 8/4/19 Peter Gnatowski 1.3 Addressed changes to governor's competing plan protocol summary and analysis

21 8/5/19 Brent Williams 1.0 Internal discussions re: competing plans and related case issues

21 8/6/19 Alex Gebert 0.9 Analysis of Bondholder Plan Proposal

21 8/6/19 Alex Gebert 0.7 Analysis of Subro Group Plan Proposal

21 8/7/19 Alex Gebert 0.5 Internal discussion re: Bondholders' proposal and analysis

21 8/7/19 Alex Gebert 1.0 Prepared analysis of TCC Term Sheet

21 8/7/19 Alex Gebert 1.3 Read, review, and compare Bondholders' Amended Term Plan and Commitment letter

21 8/7/19 Alex Gebert 0.8 Outline and circulate key points re: Plan Proposal Process proposed by Noteholders

21 8/7/19 Alex Stevenson 0.4 Correspondence with team proposal financing issues

21 8/7/19 Alex Stevenson 0.3 Review correspondence re plan protocol 

21 8/7/19 Alex Stevenson 0.3 Correspondence with BW re: plan protocol

21 8/7/19 Alex Stevenson 0.9 Review/analyze statement by ADNG re: protocol and correspondence with Lincoln team

21 8/7/19 Alex Stevenson 0.2 Correspondence with BW re: protocol

21 8/7/19 Brendan Murphy 0.4 Review of documents and internal analysis re: Knighthead 13D

21 8/7/19 Brendan Murphy 1.4 Review and Analysis of Plan Term Sheet re: Confidential Party

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

112 of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

21 8/7/19 Brendan Murphy 1.0 Review of and comments to updated analysis of Plan Term Sheet Comparison(s)

21 8/7/19 Brendan Murphy 0.5 Review and comments to a 'Common Interest Arrangement' from an interested party 

21 8/7/19 Brendan Murphy 1.3 Review and analysis of Updated Bonds term sheet

21 8/7/19 Brent Williams 1.5 Review Statement of AdHoc on status of competing plan protocol and internal correspondence 

21 8/7/19 Peter Gnatowski 0.4 Reviewed Knighthead 8k disclosure; emails re: same

21 8/7/19 Peter Gnatowski 2.1 Updated waterfall analysis based on comments from BW 

21 8/7/19 Peter Gnatowski 1.6 Additional edits to waterfall based on various comments from BW and BM

21 8/7/19 Peter Gnatowski 1.8 Reviewed updated plan from bondholders; internal emails re: same

21 8/7/19 Peter Gnatowski 1.0 Reviewed competing plan protocol status; internal discussions re: same

21 8/7/19 Zack Stone 1.5 Preparation and participation in internal discussion re: plan proposals

21 8/7/19 Zack Stone 0.5 Read, review, and compare Bondholders' Amended Term Plan and Commitment letter

21 8/8/19 Alex Gebert 2.2 Review and analyze Knighthead term letter

21 8/8/19 Alex Gebert 1.7 Drafted analysis of knighthead proposal

21 8/8/19 Alex Gebert 1.3 Drafted presentation of knighthead proposal

21 8/8/19 Alex Stevenson 2.5 Review and comment on plan proposals analysis

21 8/8/19 Alex Stevenson 0.3 Internal communications re: monetization alternatives

21 8/8/19 Brendan Murphy 0.4 Internal correspondence and strategy discussion re: Knighthead and Abrams proposal(s)

21 8/8/19 Brendan Murphy 1.2 Analysis of Knighthead and Abrams proposal(s)

21 8/8/19 Brent Williams 1.2 Review of amended Commitment Letter and Amended term sheet of Adhoc bondholders

21 8/8/19 Brent Williams 1.8 Review and comment on updated analysis of bondholder term sheet

21 8/8/19 Brent Williams 2.5 Review of Knighthead, Abrams plan term and rights offering

21 8/8/19 Brent Williams 0.5 Review of TCC plan structure

21 8/8/19 Matt Merkel 2.3 Reviewed prior plan proposals for comparing term sheets

21 8/8/19 Matt Merkel 2.1 Made edits to proposal analysis based from senior review

21 8/8/19 Matt Merkel 1.6 Made direct edits to competing plan protocol summary

21 8/8/19 Peter Gnatowski 1.0 Reviewed updated plan from bondholders and protocol; internal emails re: same

21 8/8/19 Peter Gnatowski 1.1 Additional edits to waterfall scenario analysis based on comments from BW

21 8/8/19 Peter Gnatowski 0.6 Reviewed Knighthead plan term sheet

21 8/8/19 Peter Gnatowski 1.6 Reviewed and commented on analysis of Knighthead plan term sheet

21 8/8/19 Peter Gnatowski 1.5 Prepared presentation re: waterfall and recovery based on various assumptions

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

113 of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

21 8/8/19 Sherman Guillema 3.0 Analyze plan proposals 

21 8/8/19 Zack Stone 1.0 Read, review, and summarize relevant filings re: backstop

21 8/8/19 Zack Stone 1.5 Prepared analysis requested by senior banker re: Knighthead proposal

21 8/9/19 Alex Stevenson 0.6 Review and analyze revised ADBH term sheet and commitment letter

21 8/9/19 Brendan Murphy 0.9 Review of Pleadings re: Noteholder Blacklines of Amended Commitment Letter and Term Sheet

21 8/9/19 Brent Williams 1.5 Review Knighthead proposal and comparison analysis

21 8/9/19 Brent Williams 1.0 Internal discussion re: plan process and related case issues

21 8/9/19 Matt Merkel 2.8 Drafted side-by-side proposal analysis for comparison

21 8/9/19 Peter Gnatowski 1.6 Additional review of updated plan and procedures from Bondholders

21 8/10/19 Alex Gebert 0.6 Analysis of MCP conversion value based on subro proposal

21 8/10/19 Alex Stevenson 0.8 Review and comment on term sheet comparison presentation

21 8/10/19 Brendan Murphy 1.2 Review of TCC Presentation and related comments re: Knighthead and Abrams proposal(s)

21 8/10/19 Brendan Murphy 0.7 Internal correspondence and strategy discussion re: Knighthead and Abrams proposal(s)

21 8/10/19 Brent Williams 1.5 Review and comment on committee presentations re: plan term sheets

21 8/10/19 Matt Merkel 1.8 Made edits to proposal comparison from senior review

21 8/10/19 Naeem Muscatwalla 1.3 Review of Ad Hoc Committee's Revised TS

21 8/10/19 Peter Gnatowski 3.0 Revised TCC presentation re: term sheets based on internal comments

21 8/10/19 Peter Gnatowski 2.0 Edits to Knighthead analysis based on comments from AS; internal discussions re: updates and changes

21 8/10/19 Sherman Guillema 1.5 Research and review bondholder term sheet

21 8/11/19 Alex Gebert 0.5 Review of TCC counter proposal

21 8/11/19 Alex Gebert 2.5 Updated recovery analysis of counter proposal (S&U, distributable value, recovery)

21 8/11/19 Alex Gebert 2.0 Updated summary recovery slides re: to counter proposal

21 8/11/19 Alex Gebert 0.4 Prepare for and participate in internal discussion re: previous term sheet analysis performed

21 8/11/19 Alex Gebert 2.1 Comparison of counter proposal to original proposal

21 8/11/19 Alex Stevenson 0.4 Review alternative proposal from stakeholder group

21 8/11/19 Brendan Murphy 1.4 Review and comments to TCC Presentation re: Q2 Earnings 

21 8/11/19 Brendan Murphy 1.5 Review and comments to TCC Presentation re: Amended Term Sheet from Subrogation Group

21 8/11/19 Brendan Murphy 1.1 Review and analysis of Amended Term Sheet re: Confidential Party

21 8/11/19 Brent Williams 2.5 Review revised subro term sheet

21 8/11/19 Brent Williams 1.5 Review potential TCC plan structure analysis

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

114 of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

21 8/11/19 Erik Ellingson 1.9 Reviewed and edited Pref Equity analysis 

21 8/11/19 Matt Merkel 0.6 Review of recent docket filings re: competing plans

21 8/11/19 Matt Merkel 1.0 Review analysis provided by subro re: proposal

21 8/11/19 Matt Merkel 1.8 Reviewed third party proposal summary and provided edits to junior banker

21 8/11/19 Matt Merkel 1.6 Made direct edits to the subro proposal summary

21 8/11/19 Naeem Muscatwalla 1.0 Additional review of Ad Hoc Committee's Revised TS

21 8/12/19 Alex Gebert 0.6 Review, summarize, circulate UCC proposed plan protocol

21 8/12/19 Alex Gebert 0.8 Recovery analysis re: Counter Proposal

21 8/12/19 Alex Gebert 1.3 Review, summarize, circulate Debtors' response re: reorg plan

21 8/12/19 Alex Gebert 1.5 Further analysis of counter proposal

21 8/12/19 Alex Gebert 1.2 Review MCP terms within counter proposal and impact to value

21 8/12/19 Alex Stevenson 0.7 Correspondence with BW/BM re: plan process

21 8/12/19 Alex Stevenson 0.6 Review GUC plan protocol proposal

21 8/12/19 Alex Stevenson 0.5 Call with counsel and Lincoln re: protocol timelines

21 8/12/19 Brendan Murphy 1.3 Review and comments to updated TCC Presentation re: Amended Term Sheet from subro

21 8/12/19 Brendan Murphy 0.7 Review of Pleading re: UCC Competing Plan Protocol and internal discussions 

21 8/12/19 Brendan Murphy 0.8 Review and analysis of Amended Term Sheet re: Confidential Party

21 8/12/19 Brent Williams 1.5 Review UCC potential plan protocol timeline

21 8/12/19 Brent Williams 1.0 Review amended term sheet from subro

21 8/12/19 Erik Ellingson 1.7 Knighthead amended 13D Filing Review and Analysis

21 8/12/19 Erik Ellingson 1.7 Additional MCP / Pref Equity Structure review relative to comps

21 8/12/19 Peter Gnatowski 1.3 Reviewed plan analysis from third-party advisors

21 8/12/19 Peter Gnatowski 1.4 Drafted summary and analyzed the analysis provided by third party

21 8/12/19 Peter Gnatowski 1.1 Reviewed UCC plan protocol and commented on analysis/summary

21 8/12/19 Peter Gnatowski 1.4 Reviewed and commented on analysis from junior banker re: term sheet comparison

21 8/12/19 Peter Gnatowski 1.5 Reviewed and compared equity terms in Knighthead proposal

21 8/13/19 Alex Gebert 1.6 Updated MCP conversion value model

21 8/13/19 Alex Gebert 0.4 Internal discussion re: MCP conversion value

21 8/13/19 Alex Gebert 2.0 Additional edits to term sheet analysis from Knighthead / Abrams based on internal comments

21 8/13/19 Brent Williams 1.5 Review and analyze Debtor proposed plan timeline

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

115 of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

21 8/13/19 Brent Williams 0.6 Considerations of plan term sheets and re: exit financings

21 8/13/19 Erik Ellingson 1.8 Summary and discussion of with junior banker of comparables pref equity securities

21 8/14/19 Brent Williams 1.1 Review and outline re: committee materials – Suborn proposal

21 8/15/19 Brent Williams 1.0 Internal discussion re: plan timing and protocol 

21 8/15/19 Peter Gnatowski 1.8 Drafted presentation for TCC re: summary comparison of proposals

21 8/15/19 Peter Gnatowski 2.2 Updated comparison analysis of various proposals; internal discussions

21 8/16/19 Alex Gebert 0.5 Internal emails re: plan proposals

21 8/16/19 Brent Williams 1.2 Review and comment on analysis of competing plans; internal discussions

21 8/17/19 Alex Gebert 0.6 Prepare for and participate in internal discussion re: competing plan proposals

21 8/17/19 Brendan Murphy 1.4 Review and comments to TCC Presentation re: Term Sheet Analysis

21 8/17/19 Brent Williams 1.0 Review and comment on competing proposal analysis

21 8/17/19 Matt Merkel 0.3 Provided instructions to junior banker on proposals comparison summary

21 8/17/19 Peter Gnatowski 0.4 Internal emails re: updates to comparison analysis of proposals

21 8/18/19 Alex Gebert 1.8 Prepared analyses of updated subro proposal

21 8/18/19 Alex Gebert 1.4 Prepared analysis of Knighthead proposal

21 8/18/19 Alex Gebert 1.5 Prepared analysis of Bondholder proposal

21 8/18/19 Alex Gebert 2.5 Side-by-side comparison of competing proposals

21 8/18/19 Alex Gebert 0.4 Prepare for and participate in further internal discussion re: competing plan proposals

21 8/18/19 Alex Gebert 2.3 Created additional analysis for competing plan presentation based on internal comments and comments from 

counsel

21 8/18/19 Brent Williams 1.5 Reviewed proposals from subro, Knighthead and Ad Hoc Bondholders

21 8/18/19 Brent Williams 1.0 Review and comment on plan term sheet comparisons

21 8/18/19 Matt Merkel 2.3 Reviewed prior proposals and related analysis

21 8/18/19 Matt Merkel 0.3 Discussed plan proposals analysis with junior banker

21 8/18/19 Matt Merkel 1.5 Updated Bondholder proposal detail summary

21 8/18/19 Matt Merkel 1.7 Reviewed updated analysis of subro proposal and provided edits

21 8/18/19 Matt Merkel 1.1 Reviewed updated analysis of Debtor/Knighthead proposal and provided edits

21 8/18/19 Matt Merkel 0.5 Reviewed updated analysis of Bondholders' proposal and provided edits

21 8/18/19 Matt Merkel 0.4 Discussed plan proposals analysis with junior banker

21 8/18/19 Matt Merkel 1.9 Made direct edits to plan proposals summary analysis

21 8/18/19 Peter Gnatowski 1.5 Reviewed and commented on updated presentation of competing plans

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

116 of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

21 8/18/19 Peter Gnatowski 2.4 Edits to competing plan presentation and analysis

21 8/18/19 Sherman Guillema 1.5 Reviewed prior plan proposals and related analysis

21 8/18/19 Sherman Guillema 0.7 Review and comment on bondholder proposal summary

21 8/18/19 Sherman Guillema 1.0 Reviewed and comment on Subro proposal summary

21 8/18/19 Sherman Guillema 0.8 Reviewed and commented on Knighthead proposal summary

21 8/18/19 Sherman Guillema 0.4 Reviewed and commented on Bondholders' proposal summary

21 8/18/19 Sherman Guillema 0.3 Internal discussion of plan proposals

21 8/19/19 Alex Gebert 1.2 Update Knighthead plan proposal analysis for latest equity commitment

21 8/19/19 Alex Gebert 3.0 Revised plan proposal presentation based on internal comments

21 8/19/19 Alex Gebert 2.0 Edits to plan analysis comparison based on senior level comments

21 8/19/19 Alex Gebert 2.5 Updated plan comparison presentation for additional terms requested by senior banker

21 8/19/19 Alex Gebert 1.7 Update/edit claims recovery on plan proposal comparison excel based on senior level comments

21 8/19/19 Alex Gebert 1.3 Further edits to plan proposal comparison deck based on incorporating additional terms of comparison

21 8/19/19 Brendan Murphy 1.3 Review and comments to TCC Presentation re: Term Sheet Analysis

21 8/19/19 Brent Williams 2.7 Review and comment on proposal comparison presentation for TCC sub-committee

21 8/19/19 Matt Merkel 0.4 Review of recent docket filings re: latest proposed plans

21 8/19/19 Matt Merkel 0.4 Provided guidance to junior banker to edits on proposal summary from senior review

21 8/19/19 Matt Merkel 0.7 Researched subro proposal press articles 

21 8/19/19 Matt Merkel 1.0 Discussed subro proposal summary edits with junior banker

21 8/19/19 Matt Merkel 0.3 Reviewed proposal comparison summary with a senior banker

21 8/19/19 Matt Merkel 2.7 Reviewed in detail and provided comments on revised proposals comparison to junior banker

21 8/19/19 Matt Merkel 0.3 Discussed additional edits to proposal comparison summary with a senior banker

21 8/19/19 Matt Merkel 0.5 Reviewed incorporation of edits from a senior banker to proposal comparison summary

21 8/19/19 Matt Merkel 1.8 Drafted summary of third party proposal at different enterprise values of the Debtors

21 8/19/19 Peter Gnatowski 2.1 Incorporated additional edits to presentation on competing plans

21 8/19/19 Peter Gnatowski 0.3 Internal discussions with junior team re: changes to competing plan presentation and analysis

21 8/19/19 Peter Gnatowski 1.8 Reviewed and commented to changes on waterfall of competing plans

21 8/19/19 Peter Gnatowski 2.1 Reviewed and commented on updated competing plan presentation

21 8/19/19 Peter Gnatowski 2.2 Edits to updated competing plan analysis and presentation based on internal comments from senior bankers

21 8/19/19 Riley Jacobs 2.4 Additional review of Debtors reorganization plan

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

117 of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

21 8/19/19 Sherman Guillema 0.8 Internal discussion of subrogation proposal

21 8/19/19 Sherman Guillema 0.3 Review and discussion of proposal comparison summary

21 8/19/19 Sherman Guillema 0.2 Discussed edits to proposal comparison summary

21 8/19/19 Sherman Guillema 1.1 Provided guidance on summary of subro proposal

21 8/20/19 Alex Gebert 2.2 Update recovery allocation between wildfire claimants and emails re: the same

21 8/20/19 Alex Stevenson 1.1 Review and comment on presentations to working group on plan term sheets

21 8/20/19 Brendan Murphy 1.6 Review and comments to TCC Presentation re: Term Sheet Analysis

21 8/20/19 Brendan Murphy 1.4 Review and comments to Financial Analysis re: Term Sheet(s) and Waterfall

21 8/20/19 Brent Williams 2.8 Review of various stakeholder proposals including subro, Ad Hoc Bondholders and Debtors

21 8/20/19 Brent Williams 0.5 Review of TCC presentation re: plan proposals

21 8/20/19 Peter Gnatowski 1.8 Reviewed and commented on updated plan proposal analyses 

21 8/21/19 Brendan Murphy 2.1 Review and comments to updated TCC Presentation re: Term Sheet Analysis / Comparisons

21 8/21/19 Brent Williams 0.5 Review and discuss comparisons of term sheets

21 8/21/19 Brent Williams 1.0 Review of subro proposal analysis 

21 8/21/19 Peter Gnatowski 2.6 Drafted comparison of key changes in new third party proposal; internal emails re: same

21 8/21/19 Peter Gnatowski 1.8 Additional edits to proposal comparison based on comments from BM

21 8/22/19 Alex Gebert 2.0 Update plan proposal comparison slides and related commentary

21 8/22/19 Alex Gebert 0.5 Additional edits to plan proposal comparison deck in preparation of sub-committee meeting

21 8/22/19 Alex Stevenson 0.3 Review analysis of plan proposals and comment

21 8/22/19 Brendan Murphy 2.4 Review and comments to TCC Presentation re: Term Sheet Analysis / Comparisons

21 8/22/19 Peter Gnatowski 1.4 Created additional analysis for TCC meeting of competing plans

21 8/23/19 Alex Gebert 1.8 Prepare and edit presentation for sub-committee meeting re: term sheets

21 8/23/19 Alex Stevenson 0.5 Call with BW/BM re: POR strategy

21 8/23/19 Brent Williams 2.0 Review of stakeholder proposals and Comparison; internal discussions with BM/AS

21 8/23/19 Peter Gnatowski 1.5 Edits to proposal comparison presentation for TCC meetings

21 8/24/19 Brendan Murphy 0.6 Internal correspondence w PG re: TCC Meeting and deliverables

21 8/24/19 Brent Williams 2.5 Development and review of restructuring scenarios; internal discussions

21 8/24/19 Peter Gnatowski 0.5 Correspondence with BW re: competing plan analysis edits

21 8/25/19 Alex Stevenson 0.4 Correspondence with Lincoln team re: plan alternatives

21 8/25/19 Brendan Murphy 1.1 Review and comments to TCC Presentation re: Term Sheet Analysis / Comparisons

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

118 of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

21 8/25/19 Brent Williams 1.0 Review plan comparisons and provide edits for TCC meeting

21 8/25/19 Brent Williams 2.0 Development and review of restructuring scenarios; internal correspondence

21 8/25/19 Matt Merkel 0.6 Review of recent docket filings re: plan exclusivity and term sheets

21 8/26/19 Alex Stevenson 0.4 Correspondence with BW re: case strategy

21 8/28/19 Brendan Murphy 2.1 Review and comment on plan alternatives presentation; internal discussions

21 8/28/19 Brent Williams 1.0 Review TCC plan strategy and status of competing motions

21 8/28/19 Brent Williams 1.0 TCC presentation comments/edits re: competing term sheets

21 8/29/19 Brent Williams 1.0 Analysis and internal discussions re: settlement procedures

21 8/30/19 Alex Gebert 1.0 Revisions of competing plan proposals based on internal comments

21 9/3/19 Brent Williams 2.5 Review of third party analysis of Proposed PG&E Recapitalization

21 9/4/19 Brendan Murphy 1.7 Review and comments to TCC Presentation re: Term Sheet Analysis / Comparisons

21 9/6/19 Brent Williams 1.5 Review financial model and presentation re: updated proposals 

21 9/6/19 Peter Gnatowski 1.2 Drafted presentation to TCC based on updated proposal terms

21 9/6/19 Peter Gnatowski 0.5 Edits to updated proposal presentation to TCC based on comments from BW

21 9/9/19 Alex Gebert 1.1 Internal discussion re: other stakeholders' proposal (confidential) and emails re: the same

21 9/9/19 Alex Gebert 2.9 Update Waterfall analysis and related exhibits for latest other stakeholders' proposal

21 9/9/19 Alex Gebert 1.3 Prepare side-by-side comparison analysis of Debtors' plan to other plans

21 9/9/19 Alex Gebert 2.2 Review Debtors' filed reorganization plan

21 9/9/19 Alex Gebert 1.5 Review and summarize reorganization plan provisions

21 9/9/19 Alex Stevenson 3.2 Review and analyze debtors draft POR; internal correspondence re: POR

21 9/9/19 Brendan Murphy 0.9 Review and comments to waterfall model and scenarios presented

21 9/9/19 Brendan Murphy 3.6 Review and analysis of Debtors' POR and related pleadings and internal discussions

21 9/9/19 Brendan Murphy 1.1 Review and comments to TCC Presentation re: Term Sheet Analysis / Comparisons

21 9/9/19 Brent Williams 2.5 Review of Debtor plan of reorganization

21 9/9/19 Brent Williams 1.1 Internal correspondence re: analysis and summary of Debtors' POR

21 9/9/19 Matt Merkel 2.8 Reviewed Debtor plan of reorganization

21 9/9/19 Matt Merkel 2.1 Reviewed summary and comparison analysis of Debtor plan proposal from junior banker

21 9/9/19 Peter Gnatowski 3.2 Reviewed Debtors plan of reorganization

21 9/9/19 Peter Gnatowski 2.7 Internal conversations and review of summary of Debtor's POR

21 9/9/19 Peter Gnatowski 1.9 Reviewed and commented on updated presentation and analysis of the Debtors POR

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

21 9/9/19 Peter Gnatowski 2.5 Incorporated addition edits to debtor POR presentation based on comments from BW

21 9/9/19 Riley Jacobs 3.4 Initial review of debtors plan of reorg for analysis requested by senior banker

21 9/9/19 Zack Stone 2.1 Term Sheet Analysis re: review Preferred Equity Structure

21 9/10/19 Alex Gebert 1.8 Updates comparison presentation re: Subro and other stakeholders' plans

21 9/10/19 Alex Gebert 0.8 Address comments re: summary plan proposal presentation

21 9/10/19 Alex Gebert 1.5 Address comments re: plan proposal comparison and analysis

21 9/10/19 Alex Gebert 2.0 Review and update recovery model re: equity backstop

21 9/10/19 Alex Stevenson 1.3 Review and comment on discussion materials re: Debtors POR

21 9/10/19 Brendan Murphy 3.4 Review, comments, and changes to summary/analysis of Debtors' POR for TCC

21 9/10/19 Brendan Murphy 2.3 Review and analysis of Debtors' POR and related pleadings

21 9/10/19 Brent Williams 2.5 Reviewed and commented on plan summary analysis for TCC

21 9/10/19 Brent Williams 2.0 Review and comment on comparison of plans for TCC

21 9/10/19 Matt Merkel 2.0 Made direct edits to debtor's plan summary

21 9/10/19 Matt Merkel 0.6 Internal communications re: debtor's plan summary and related analysis

21 9/10/19 Matt Merkel 1.4 Made edits to debtors plan summary deck based on comments from counsel

21 9/10/19 Naeem Muscatwalla 2.0 Review of Debtor's plan and related filings for requested analysis from senior banker

21 9/10/19 Peter Gnatowski 1.0 Reviewed and commented on comparison of MCP in debtors vs subrogation plans

21 9/10/19 Peter Gnatowski 1.1 Reviewed updated MCP comparison of plans

21 9/10/19 Peter Gnatowski 1.5 Incorporated edits to TCC presentation re Debtors and other plans based on comments from counsel; internal 

discussions re: same

21 9/10/19 Riley Jacobs 2.3 Updated analysis of Debtor POR

21 9/10/19 Zack Stone 1.8 Term Sheet Analysis re: Preferred Equity Structure Presentation

21 9/10/19 Zack Stone 1.5 Preparation for and internal discussion re: Preferred Equity Structures

21 9/11/19 Brendan Murphy 1.6 Review and comments to waterfall model and scenarios presented

21 9/11/19 Brendan Murphy 1.8 Review and comments to TCC Presentation re: POR, and Comparative Analysis

21 9/11/19 Brendan Murphy 2.1 Review and analysis of Debtors' POR and related pleadings

21 9/11/19 Brent Williams 2.2 Review and comment on presentation of Debtors Plan

21 9/11/19 Brent Williams 1.5 Review of plan comparison presentation

21 9/11/19 Erik Ellingson 1.4 Evaluation of Subro Pref Equity Structure

21 9/11/19 Erik Ellingson 2.3 Evaluation of Debtor proposed Pref Equity Structure

21 9/11/19 Matt Merkel 2.6 Drafted summary of plan consensus recommendation

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

21 9/11/19 Peter Gnatowski 1.8 Reviewed and commented on plan proposal

21 9/11/19 Peter Gnatowski 2.2 Edits to plan proposal based on comments from BW and counsel

21 9/11/19 Peter Gnatowski 2.4 Updated waterfall analysis based on updated plan assumptions

21 9/11/19 Riley Jacobs 0.8 Review external publications re: Debtor plan

21 9/12/19 Alex Gebert 2.0 Drafted side by side of plan proposals (Debtor / other stakeholders)

21 9/12/19 Alex Gebert 1.8 Prepared Illustrative sensitivity analysis of plan outcomes

21 9/12/19 Alex Gebert 1.0 Updates to plan sensitivity analysis based on comments

21 9/12/19 Alex Stevenson 0.5 Review and comment on plan discussion materials

21 9/12/19 Brendan Murphy 1.6 Prepared analysis for meeting with key creditor group re waterfall (as requested by Counsel)

21 9/12/19 Brendan Murphy 2.5 Analysis and preparation of TCC materials re: meeting with key creditor group / summary

21 9/12/19 Brendan Murphy 2.0 Revised plan analysis for key creditor group meeting

21 9/12/19 Brendan Murphy 1.2 Review of and comments to internal model re: proposals and waterfall

21 9/12/19 Brent Williams 3.0 Review of other stakeholder proposal structure; internal correspondence re: analysis

21 9/12/19 Peter Gnatowski 1.7 Edits to TCC waterfall analysis based on comments from BM

21 9/12/19 Peter Gnatowski 1.1 Reviewed analysis from third party re: plan and settlement; internal discussions re: analysis

21 9/12/19 Peter Gnatowski 2.2 Draft revised analysis of third party plan settlement proposal 

21 9/12/19 Peter Gnatowski 1.6 Updated analysis for revised recovery assumptions 

21 9/12/19 Peter Gnatowski 1.2 Various correspondence re: third party proposal and related analysis

21 9/12/19 Peter Gnatowski 2.5 Various edits to proposal presentation based on internal team comments and discussions

21 9/13/19 Alex Gebert 2.4 Recovery analysis based on latest assumptions

21 9/13/19 Brendan Murphy 1.6 Review and comments to updated settlement analysis and waterfall

21 9/13/19 Brendan Murphy 0.9 Review and comments to Counsel re: term sheet provisions

21 9/13/19 Brendan Murphy 1.2 Review and comments to TCC Presentation re: Term Sheet Analysis / Comparisons

21 9/13/19 Brent Williams 3.5 Review and commented on presentation of plan proposals

21 9/13/19 Brent Williams 2.0 Comments to term sheet analysis

21 9/13/19 Peter Gnatowski 2.0 Drafted presentation re: third party analysis proposal and revised counter

21 9/14/19 Alex Gebert 0.9 Internal discussion and updates to negotiated plan proposal

21 9/14/19 Alex Gebert 1.8 Update waterfall/recovery analysis based on negotiated plan proposal

21 9/14/19 Alex Gebert 3.0 Summary one-pager of negotiated plan proposal

21 9/14/19 Alex Gebert 1.6 Updates to one-pager plan proposal based on comments

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

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TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

21 9/14/19 Alex Gebert 1.5 Prepared detail of the key areas of plan negotiation

21 9/14/19 Alex Gebert 2.0 Drafted presentation re: negotiated plan proposal with comparison to prior proposal

21 9/14/19 Alex Stevenson 0.5 Correspondence with BW re: stakeholder discussions

21 9/14/19 Brendan Murphy 1.9 Comments and changes to TCC presentation materials re: settlement discussions

21 9/14/19 Brendan Murphy 1.3 Reviewed and analyzed term sheet and related scenario analysis

21 9/14/19 Brent Williams 1.7 Review of plan proposals and related filings

21 9/14/19 Brent Williams 1.3 Reviewed and commented on updated waterfall and recovery analysis

21 9/14/19 Brent Williams 0.5 Discussion with AS re: plan negotiations

21 9/14/19 Brent Williams 1.8 Reviewed and commented on updated plan proposal analysis

21 9/14/19 Peter Gnatowski 1.5 Reviewed and commented on updated presentation of new proposal for sub-committee

21 9/14/19 Peter Gnatowski 1.6 Updated recovery model based on new assumptions and proposals; internal corresponded re: same

21 9/14/19 Peter Gnatowski 1.2 Further revisions to recovery model based on comments from BM and BW

21 9/14/19 Peter Gnatowski 1.8 Revised updated proposal presentation; internal correspondence re:edits 

21 9/15/19 Alex Gebert 1.3 Analysis of Debtor plan and other stakeholders plan

21 9/15/19 Alex Gebert 1.0 Revised presentation comparing plans

21 9/15/19 Alex Stevenson 0.4 Correspondence with senior banker re: stakeholder discussions

21 9/15/19 Brendan Murphy 2.3 Comments and changes to TCC presentation materials re: settlement discussions

21 9/15/19 Brendan Murphy 0.7 Internal discussions re: scenarios, analysis, assumptions and strategy for TCC Materials

21 9/15/19 Brendan Murphy 0.9 Review and analysis of Debtors' POR and related pleadings

21 9/15/19 Brent Williams 1.5 Review of plan proposal presentation and related filings

21 9/15/19 Peter Gnatowski 0.4 Reviewed comments from counsel on new proposal presentation for sub-committee; internal discussions 

21 9/15/19 Peter Gnatowski 2.4 Drafted presentation to broader TCC re: third party proposal and modifications

21 9/15/19 Peter Gnatowski 2.1 Created comparison analysis of current vs prior proposals

21 9/15/19 Peter Gnatowski 1.8 Revised presentation to TCC: third party proposal based on comments from BM; internal correspondence re: 

same

21 9/16/19 Alex Gebert 2.8 Updated internal model based on other stakeholder plan proposal

21 9/16/19 Alex Stevenson 0.5 Correspondence with BW re: stakeholder negotiations

21 9/16/19 Brendan Murphy 1.8 Reviewed and commented on term sheet and related scenario analysis

21 9/16/19 Brendan Murphy 1.9 Review and comment on updated analysis of Debtors' POR 

21 9/16/19 Brent Williams 0.5 Internal correspondence re: plan proposals

21 9/16/19 Brent Williams 1.8 Reviewed and commented on financial /recovery models re: plan proposal

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

21 9/16/19 Peter Gnatowski 1.5 Reviewed and commented on updated recovery model and modifications

21 9/16/19 Peter Gnatowski 1.7 Revised recovery model based on internal comments and new assumptions & related internal correspondence

21 9/17/19 Alex Gebert 1.5 Review other stakeholders' previous proposal to latest for variances

21 9/17/19 Alex Gebert 1.0 Revise master waterfall model based on updated assumptions and proposals

21 9/17/19 Brendan Murphy 1.8 Prepared analysis for meeting with key creditor group (as requested by Counsel)

21 9/17/19 Brendan Murphy 0.8 Review and analysis of waterfall provided by key creditor group

21 9/17/19 Erik Ellingson 2.0 Review of TCC Committee Materials re: plan comparisons and related analysis 

21 9/17/19 Erik Ellingson 2.3 Comments to AG re: TCC plan comparison analysis 

21 9/17/19 Peter Gnatowski 1.8 Reviewed updated analysis from third-party re: proposal; internal correspondence re: observations

21 9/17/19 Peter Gnatowski 0.7 Addressed comments from counsel re: TCC meeting presentation on proposals 

21 9/17/19 Peter Gnatowski 1.5 Reviewed and commented on updated recovery model based on updated assumptions from third-party

21 9/17/19 Riley Jacobs 0.8 Review and revise internal analysis of Debtor vs other stakeholder plan

21 9/18/19 Alex Gebert 2.0 Summarize key differences between Debtors' plan and other plans

21 9/18/19 Alex Gebert 1.0 Comparison of Debtors' model assumptions to other filed/outstanding plan proposals

21 9/18/19 Alex Stevenson 3.5 Review and comment on term sheets from the Debtors

21 9/18/19 Brendan Murphy 1.9 Comments and changes to TCC presentation materials re: settlement discussions

21 9/18/19 Brendan Murphy 2.8 Review and analysis of Debtors' POR and related pleadings

21 9/18/19 Brendan Murphy 0.9 Amended and commented to draft term sheet requested by Counsel

21 9/18/19 Brent Williams 3.5 Review debtors updated POR and related financing letter

21 9/18/19 Brent Williams 2.5 Review and commented on updated tearsheet for third party

21 9/18/19 Brent Williams 1.5 Review and comment on changes to plan term sheet; internal discussions re: same

21 9/18/19 Erik Ellingson 1.1 Specific review of sources and uses to the company provided plan

21 9/18/19 Erik Ellingson 1.8 Specific review of model build-up and comparison to previous term sheet

21 9/18/19 Matt Merkel 1.5 Additional review of commitment letter

21 9/18/19 Peter Gnatowski 1.2 Reviewed revised term sheet from counsel; internal correspondence re: observations

21 9/19/19 Alex Stevenson 1.7 Review and provided internal comment on term sheets and related analyses

21 9/19/19 Brendan Murphy 2.9 Amended and commented to draft term sheet requested by Counsel

21 9/19/19 Brendan Murphy 1.9 Analysis and mini-presentation for TCC Member re: waterfall and flow of value

21 9/19/19 Brent Williams 2.5 Review and discussion of term sheet revisions for third party

21 9/19/19 Brent Williams 1.5 Reviewed and commented on presentation for TCC member re: waterfall 

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

21 9/19/19 Brent Williams 1.8 Reviewed and commented on summary presentation of plan comparisons for TCC

21 9/19/19 Erik Ellingson 1.4 Review of Reorg Plan Provisions and analysis

21 9/19/19 Matt Merkel 0.8 Discussed sources and used of various plans with senior banker

21 9/19/19 Peter Gnatowski 1.5 Drafted summary recovery presentation for counsel to TCC member

21 9/19/19 Peter Gnatowski 1.2 Reviewed update term sheet from third party; circulated comments internally

21 9/19/19 Peter Gnatowski 1.0 Addressed comments to summary recovery presentation based on internal comments

21 9/19/19 Sherman Guillema 1.4 Review of pleadings re: debtors plan summary

21 9/19/19 Zack Stone 0.5 Preparation for and internal discussion re: term sheet

21 9/20/19 Brendan Murphy 1.1 Review scenario analysis and updated waterfall for Counsel

21 9/20/19 Brendan Murphy 0.8 Review and analysis of updated waterfall for Counsel and select TCC Members

21 9/20/19 Brent Williams 1.0 Internal correspondence re: new analysis on plan proposals

21 9/20/19 Brent Williams 1.5 Provided comments on drafting of proposal to third party

21 9/20/19 Sherman Guillema 1.9 Review of pleadings re: debtors plan summary

21 9/21/19 Brendan Murphy 1.0 Reviewed and commented on revised proposal

21 9/21/19 Brendan Murphy 1.6 Reviewed updated waterfall/recovery presentation for TCC member on revised proposals

21 9/21/19 Brent Williams 2.0 Review and comments on proposal to third parties

21 9/21/19 Brent Williams 1.8 Review of financial model related to proposal to third party

21 9/21/19 Matt Merkel 2.8 Reviewed and updated recovery scenarios analysis based on updated term sheets and assumptions 

21 9/22/19 Alex Gebert 2.4 Sensitivity analysis of net recovery from third party proposal

21 9/22/19 Brendan Murphy 2.9 Reviewed and commented on updated recovery analysis for TCC

21 9/22/19 Brent Williams 2.0 Review financial models re: TEV; internal comment re: various scenarios

21 9/22/19 Brent Williams 1.8 Additional review and commentary of model re: waterfall analysis

21 9/22/19 Peter Gnatowski 1.0 Reviewed updated analysis prepared by junior bankers re: recovery based on various TEV value assumptions

21 9/22/19 Peter Gnatowski 2.2 Edits to recovery analysis based on TEV values; internal emails re: same

21 9/22/19 Peter Gnatowski 1.3 Further revisions to recovery analysis based on comments from senior banker

21 9/22/19 Sherman Guillema 2.3 Reviewed, discussed and comments on recovery analysis

21 9/22/19 Sherman Guillema 1.7 Review of competing plan protocol and ad hoc committee proposal

21 9/23/19 Alex Gebert 1.6 Drafted side-by-side of plan proposals re: leverage

21 9/23/19 Alex Gebert 1.8 Review distributable value under competing plans

21 9/23/19 Alex Gebert 1.8 Waterfall analysis of Debtors' plan proposal

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

21 9/23/19 Alex Gebert 1.5 S&U of Debtors' plan proposal

21 9/23/19 Alex Stevenson 0.5 Review and comment on recovery analysis

21 9/23/19 Brendan Murphy 2.7 Reviewed updated recovery analysis based on updated assumptions 

21 9/23/19 Brendan Murphy 1.3 Analysis and presentation for TCC Members re: waterfall and flow of value

21 9/23/19 Brent Williams 1.5 Review debtor amended plan; internal correspondence 

21 9/23/19 Matt Merkel 2.1 Reviewed and compared updated bondholder commitment letter

21 9/23/19 Naeem Muscatwalla 3.1 Review of Debtor's plan and Bondholders' proposed term sheet

21 9/23/19 Peter Gnatowski 1.8 Edits to recovery analysis based on comments from senior banker

21 9/23/19 Peter Gnatowski 0.3 Call with senior banker re: additional edits to recovery analysis based on TEV values

21 9/23/19 Peter Gnatowski 2.2 Additional edits to recovery analysis based on call with senior banker

21 9/23/19 Peter Gnatowski 1.5 Reviewed updated plan filed by the Debtors; comments to team re: observations

21 9/23/19 Peter Gnatowski 1.5 Reviewed updated redline of filed bondholder plan 

21 9/23/19 Riley Jacobs 1.5 Review debtors amended plan of reorganization

21 9/23/19 Riley Jacobs 1.0 Internal Communications re: Term Sheets and bondholder plan

21 9/23/19 Sherman Guillema 1.6 Reviewed debtors amended POR

21 9/24/19 Brendan Murphy 1.2 Review of Debtors' Amended Plan and redline

21 9/24/19 Brendan Murphy 0.9 Review revised plan from the Debtors and internal correspondence

21 9/24/19 Brent Williams 1.4 Review Debtors amended plan

21 9/24/19 Peter Gnatowski 1.8 Prepared various analyses related to Debtors' Plan vs Bondholders Plan

21 9/24/19 Peter Gnatowski 1.8 Additional Edits to Debtors' Plan analysis and comparison

21 9/25/19 Alex Gebert 0.4 Analysis of Debtors' previous objection to bondholders' plan

21 9/25/19 Alex Gebert 2.3 Reviewed updated plan from Bondholders and updated recovery analysis

21 9/25/19 Alex Gebert 1.8 Update presentation to TCC comparing plans (debtors and bondholders)

21 9/25/19 Alex Stevenson 0.6 Review amended term sheet; correspondence with BW

21 9/25/19 Alex Stevenson 0.8 Review email correspondence re: amended term sheet between third party and TCC negotiating committee

21 9/25/19 Brendan Murphy 1.1 Reviewed amended term sheet from third party

21 9/25/19 Brendan Murphy 2.3 Analysis and presentation for TCC Members re: Plan comparison, waterfall and flow of value

21 9/25/19 Brendan Murphy 1.9 Review of and comments to updated Plan term sheet

21 9/25/19 Brent Williams 1.0 Internal communications re: financing plans and term sheet

21 9/25/19 Brent Williams 1.6 Review amended term sheet

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

21 9/25/19 Brent Williams 2.4 Review financial model of amended term sheet

21 9/25/19 Erik Ellingson 1.2 Review and comment on bondholder vs Debtors analysis

21 9/25/19 Peter Gnatowski 1.5 Updates to recovery model based on revised bondholder term sheet drafts

21 9/25/19 Peter Gnatowski 1.7 Additional edits to recovery model based on discussions with senior bankers

21 9/25/19 Peter Gnatowski 0.5 Prepared for and participated on internal call re: analysis of Debtors; plan

21 9/25/19 Peter Gnatowski 1.8 Updated financial analysis of Debtors' plan 

21 9/25/19 Peter Gnatowski 1.4 Reviewed various term sheet drafts from the Bondholders; comments to team re: same

21 9/25/19 Peter Gnatowski 0.3 Various discussions with BM and BW re: updated terms sheet and model

21 9/25/19 Peter Gnatowski 1.5 Drafted summary presentation for counsel re: updated term sheet

21 9/25/19 Peter Gnatowski 1.4 Edits to comparison analysis presentation of Plan term sheets for TCC

21 9/25/19 Peter Gnatowski 1.6 Additional edits to comparison analysis presentation based on comments from BM

21 9/25/19 Zack Stone 0.8 Review relevant documents / filings re: Amended Bondholder Term Sheet

21 9/26/19 Alex Gebert 0.5 Internal discussion re: plan waterfalls

21 9/26/19 Alex Gebert 1.8 Review sources and uses of bondholders' latest TS

21 9/26/19 Alex Gebert 1.4 Reconcile Debtors' capital structure in waterfall

21 9/26/19 Alex Stevenson 0.4 Internal discussions re: updated plan presentation

21 9/26/19 Brendan Murphy 1.2 Analysis and presentation for TCC Members re: Plan comparison, waterfall and flow of value

21 9/26/19 Brendan Murphy 0.7 Review and analysis of Debtors' POR and related pleadings

21 9/26/19 Brent Williams 1.1 Review of updated waterfall analysis based on amended term sheet

21 9/26/19 Brent Williams 1.0 Internal discussions re: analysis of term sheets presented to court

21 9/26/19 Peter Gnatowski 1.0 Reviewed updated plan comparison and analysis presentation based on updated proposal

21 9/26/19 Peter Gnatowski 2.0 Edits to plan comparison and analysis presentation

21 9/26/19 Peter Gnatowski 0.4 Emails with junior bankers re: additional analysis re: plan comparison

21 9/26/19 Peter Gnatowski 1.8 Incorporated additional analysis into plan comparison presentation

21 9/26/19 Sherman Guillema 0.7 Reviewed bondholder plan analysis

21 9/27/19 Brendan Murphy 0.8 Review of Debtors' Amended Plan and Supporting Exhibits

21 9/27/19 Brendan Murphy 1.9 Analysis and presentation for TCC Members re: Plan comparison, waterfall and flow of value

21 9/27/19 Brendan Murphy 1.0 Reviewed scenario analysis and updated waterfall for Counsel

21 9/27/19 Matt Merkel 2.4 Reviewed and made direct edits to competing plans analysis

21 9/27/19 Peter Gnatowski 1.0 Address comments from AS re: plan comparison and analysis presentation

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

21 9/28/19 Brendan Murphy 1.1 Review of Debtors' Amended Plan and Supporting Exhibits

21 9/28/19 Brendan Murphy 1.2 Review scenario analysis and updated waterfall for Counsel

21 9/30/19 Brendan Murphy 0.6 Preparation for and internal discussion with senior banker re: waterfall and related analysis

21 9/30/19 Brent Williams 2.0 Review comparative analysis of plans and funding sources 

21 9/30/19 Riley Jacobs 0.7 Additional research of TCC / Bondholder proposal for certain terms

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

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

22 9/9/19 Riley Jacobs 0.8 Review of 8.27.19 hearing (transcript) on discovery of third party contractors

22 9/12/19 Riley Jacobs 0.8 Review and summarize certain parts of Debtors' FA deposition for Counsel

22 9/23/19 Brent Williams 3.5 Work on Debtors 30(b)(6) discovery request, research documents and create questions

22 9/25/19 Brendan Murphy 1.8 Review of Williams' emails re: RFP discovery demands from Debtor

22 9/25/19 Brent Williams 3.5 Work on document production - Debtor 30b6 discovery (review topics to be addressed)

22 9/29/19 Brent Williams 0.5 Communications regarding scheduling deposition and topics to be addressed

22 9/30/19 Alex Gebert 1.2 Preparation for and internal communications re: preparation for depositions

22 9/30/19 Alex Stevenson 1.4 Preparation for and correspondence re: deposition prep

22 9/30/19 Brendan Murphy 1.1 Review of 30(b)6 notice and related documents

22 9/30/19 Brendan Murphy 2.7 Review and analysis of discovery documents for Counsel

22 9/30/19 Brent Williams 3.5 Review of discovery materials (produced by Debtors)

22 9/30/19 Sherman Guillema 1.3 Review of 30(b)6 notice and related documents

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

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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 Alex Stevenson 2.8 Preparation for and attend hearing re termination of exclusivity

23 7/24/19 Brendan Murphy 3.1 Preparation for and Attendance at Hearing (SF)

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 7/24/19 Riley Jacobs 2.1 Additional review of Mesterham deposition; internal comments re: summary

23 7/30/19 Erik Ellingson 1.4 Review Mesterharm Deposition specific focus on Exhibit 4 (TCC Plan)

23 8/9/19 Alex Stevenson 2.5 Preparation and participation in status conference re: plan protocol issues

23 8/9/19 Brendan Murphy 2.6 Preparation for and Participation on Court Hearing (telephonic)

23 8/9/19 Brent Williams 2.5 Participate in court hearing

23 8/9/19 Naeem Muscatwalla 2.3 Listen to Special Hearing - Status, CEO Retention, and KEIP discussion

23 8/9/19 Peter Gnatowski 2.5 Participated in court hearing re: plan protocol process

23 8/12/19 Alex Gebert 0.3 Coordinate Court Call for upcoming Debtor hearing

23 8/13/19 Alex Gebert 3.4 Preparation for and attendance on omnibus hearing (audio) and took notes

23 8/13/19 Alex Stevenson 3.5 Preparation for and participation in exclusivity termination hearing

23 8/13/19 Brendan Murphy 3.6 Preparation for and attendance at Hearing (in-person)

23 8/13/19 Brent Williams 3.5 Preparation for and attendance at Hearing (in-person)

23 8/13/19 Peter Gnatowski 3.5 Participated in omnibus hearing re: exclusivity and other motions

23 8/14/19 Alex Gebert 4.0 Preparation for and attendance on omnibus audio call (morning) and took notes

23 8/14/19 Alex Gebert 3.0 Preparation for and attendance on omnibus audio call (afternoon) and took notes 

23 8/14/19 Alex Stevenson 4.0 Attend telephonically bankruptcy hearing re: lift stay

23 8/14/19 Alex Stevenson 3.8 Attend bankruptcy hearing re: estimation

23 8/14/19 Brendan Murphy 4.4 Preparation for and attendance at Hearing (in-person) (morning session)

23 8/14/19 Brendan Murphy 3.4 Preparation for and attendance at Hearing (telephonic) (afternoon session)

23 8/14/19 Brent Williams 4.0 Prepare for and attend morning sessions court hearing in person

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

23 8/14/19 Brent Williams 3.5 Prepare for and attend afternoon sessions court hearing in person

23 8/14/19 Peter Gnatowski 4.1 Prepared for and participated in court hearing re: claims estimation and Tubbs motions

23 8/14/19 Peter Gnatowski 3.2 Prepared for and participated in afternoon court session

23 8/21/19 Alex Gebert 0.3 Court Call registration for Estimation proceedings

23 8/27/19 Alex Gebert 0.3 Coordinated conference audio line for estimation conference status

23 8/27/19 Brendan Murphy 3.0 Prepared and participate in court hearing on estimation and disclosure statements

23 8/27/19 Brent Williams 2.8 Prepared and participate in court hearing re: estimation status conference

23 8/27/19 Naeem Muscatwalla 3.0 Preparation for and participation in court hearing and took notes

23 8/27/19 Peter Gnatowski 2.7 Participated in court hearing re: claims estimations and other topics

23 9/24/19 Alex Gebert 2.6 Omnibus hearing listen in and take notes

23 9/24/19 Alex Stevenson 2.5 Prepared and participated in telephonic status conference

23 9/24/19 Brendan Murphy 2.6 Prepare for and participate in status conference

23 9/24/19 Brent Williams 2.5 Status conference (attending telephonically)

23 9/24/19 Peter Gnatowski 2.5 Prepared for and participated in omnibus hearing

24 8/27/19 Alex Stevenson 0.5 Correspondence re: business plan review

24 8/27/19 Brendan Murphy 0.5 Internal correspondence re: Business Plan rollout

24 8/27/19 Brent Williams 0.5 Emails regarding operating forecast meeting with the Debtors

24 9/3/19 Peter Gnatowski 0.3 Coordination of meeting with Debtor re: business plan

24 9/4/19 Alex Stevenson 1.0 Correspondence to team re: business plan meeting

24 9/4/19 Brendan Murphy 2.8 Preparation for 9/5 business plan meeting with Debtor re: read SEC filings and other financial information

24 9/4/19 Brent Williams 1.0 Internal correspondence regarding meeting with debtors on business plan

24 9/4/19 Peter Gnatowski 2.0 Review various financial documents in anticipation of business plan meeting with the Debtors

24 9/5/19 Alex Gebert 1.8 Detailed review of business plan presentation

24 9/5/19 Alex Gebert 1.0 Detailed review of supplemental business plan presentation

24 9/5/19 Alex Stevenson 1.5 Review business plan documents and comments to team

24 9/5/19 Brendan Murphy 1.3 Internal meeting with team re: Next steps, TCC Materials, analysis needed, margins/projections on business plan

24 9/5/19 Brendan Murphy 0.4 Internal discussion with team re: business plan analysis and questions for Debtor

24 9/5/19 Brendan Murphy 1.0 Internal meeting post business plan overview at Debtors (debrief)

24 9/5/19 Brent Williams 2.5 Review of debtor business plan post meeting

24 9/5/19 Brent Williams 1.0 Post meeting debrief of Debtor business plan

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

24 9/5/19 Matt Merkel 1.7 Internal discussion with senior banker re: business plan analysis and questions for Debtor

24 9/5/19 Matt Merkel 2.5 Reviewed business plan materials and drafted diligence list

24 9/5/19 Matt Merkel 1.0 Internal debrief following in person meeting at Debtors office re: business plan

24 9/5/19 Peter Gnatowski 2.1 Review and analysis of financial information provided by the Debtors re: business plan

24 9/5/19 Peter Gnatowski 1.3 Drafted due diligence request list to the Debtors based on business plan

24 9/5/19 Peter Gnatowski 1.0 Internal debrief after attending Debtors business plan overview

24 9/5/19 Sherman Guillema 1.3 Review and discuss business plan diligence questions

24 9/5/19 Sherman Guillema 1.7 Review of debtor business plan

24 9/5/19 Sherman Guillema 1.0 Reviewed business plan and key assumptions

24 9/6/19 Alex Gebert 2.1 Diligence question preparation re: business plan

24 9/6/19 Alex Stevenson 0.8 Review supplemental diligence list and comment re: business plan

24 9/6/19 Brendan Murphy 3.4 Review and analysis of Debtors' Business Plan and related documents provided

24 9/6/19 Brendan Murphy 2.8 Review and comments to diligence questions for Debtor re: Business Plan

24 9/6/19 Brent Williams 3.0 Review debtor business plan and supplemental information; drafted questions

24 9/6/19 Matt Merkel 1.6 Drafted responses to senior banker questions on diligence list for business plan

24 9/6/19 Matt Merkel 1.9 Made edits to business plan diligence list

24 9/6/19 Peter Gnatowski 1.6 Prepared analysis of EBITDA bridge in business plan

24 9/6/19 Peter Gnatowski 1.6 Additional review of Debtors' business plan re: operating expenses

24 9/6/19 Peter Gnatowski 1.5 Additional review of Debtors' business plan re: capex 

24 9/6/19 Peter Gnatowski 1.4 Additional review of Debtors' business plan re: rate cases/COC; research re: same

24 9/6/19 Peter Gnatowski 1.2 Reviewed diligence questions from MM and incorporated into final list

24 9/6/19 Peter Gnatowski 0.5 Researched various AB1054 terms based on business plan meeting with the Debtors

24 9/7/19 Brent Williams 2.2 Reviewed diligence list for business plan and provided commentary on questions

24 9/9/19 Brendan Murphy 1.7 Review of Debtors' Business Plan and related documents provided (operating expenses)

24 9/9/19 Matt Merkel 2.0 Drafted content for Debtor business plan summary

24 9/9/19 Peter Gnatowski 2.4 Drafted presentation for the TCC re: business plan; internal discussions with junior bankers

24 9/9/19 Sherman Guillema 3.5 Reviewed debtor business plan re: operating expenses and capital expenditures

24 9/9/19 Sherman Guillema 1.5 Provide direction on comparison of business plan

24 9/10/19 Alex Gebert 2.2 Prepare summary slides detailing Debtors' business plan

24 9/10/19 Alex Gebert 0.4 Prepare for and discuss internally Debtors' business plan filing

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

24 9/10/19 Brendan Murphy 1.3 Review of Debtors' Business Plan and related documents provided (capital expenditures)

24 9/10/19 Brent Williams 1.5 Review presentation materials on Debtors Plan for TCC

24 9/10/19 Matt Merkel 1.4 Reviewed incorporation of edits to Debtor plan summary from senior bankers

24 9/10/19 Sherman Guillema 2.2 Review and comment on summary of business plan discussion materials

24 9/12/19 Alex Gebert 2.2 Prepare/edit model for various business plan outcomes

24 9/13/19 Brendan Murphy 1.7 Review of Debtors' Business Plan and related documents provided (rate base and CoC)

24 9/13/19 Matt Merkel 2.2 Analyzed business plan financial forecast

24 9/13/19 Peter Gnatowski 1.0 Revised EBITDA analysis based on Debtors' business plan; internal discussions re: assumptions and 

modifications

24 9/16/19 Brendan Murphy 1.4 Additional Review of Debtors' Business Plan and related documents provided (income statement)

24 9/17/19 Alex Gebert 1.8 Review of Debtors' diligence responses re: business plan

24 9/17/19 Brendan Murphy 1.6 Review diligence responses regarding the business plan

24 9/17/19 Peter Gnatowski 1.5 Reviewed and evaluated business plan diligence responses from the Debtors; internal discussions re: same

24 9/17/19 Riley Jacobs 1.2 Review debtors responses to Lincoln diligence questions re: business plan; created analysis on provided answers

24 9/18/19 Brendan Murphy 2.4 Review of Debtors' Business Plan and related documents provided (EBITDA sensitivity)

24 9/19/19 Alex Gebert 2.9 Updates to summary/analysis of Debtors' business plan based on internal comments/discussion

24 9/22/19 Brent Williams 1.0 Review additional financial info provided by Debtors in business plan

24 9/26/19 Brendan Murphy 0.6 Internal correspondence re: Debtors' due diligence on business plan

24 9/26/19 Brendan Murphy 1.5 Review diligence material re: Debtors business plan

24 9/26/19 Matt Merkel 2.8 Updated financial model for Debtors' business plan

24 9/26/19 Sherman Guillema 0.8 Reviewed and provided comments on diligence request for debtor re: business plan

24 9/28/19 Matt Merkel 2.0 Reviewed and analyzed debtor diligence responses re: business plan

24 9/28/19 Matt Merkel 1.9 Prepared additional diligence questions list for debtor re: business plan

24 9/28/19 Peter Gnatowski 0.6 Reviewed and analyzed Debtors' business diligence responses

24 9/29/19 Riley Jacobs 2.1 Draft summary presentation on Debtors responses to business plan diligence 

24 9/30/19 Brendan Murphy 2.7 Review of Debtors' Business Plan and related documents provided (forecasts and rate base)

24 9/30/19 Matt Merkel 2.7 Revised diligence questions list for debtor re: business plan

24 9/30/19 Riley Jacobs 1.0 Review Debtor's response to business plan diligence

24 9/30/19 Sherman Guillema 1.1 Reviewed debtor diligence responses on business 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

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

25 7/7/19 Brent Williams 1.5 Review Wildfire Legislation

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 7/8/19 Brendan Murphy 1.0 Review of newly amended version of AB-1054

25 7/8/19 Peter Gnatowski 1.4 Reviewed update on legislative matters for wildfire fund and updated bill

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 Brendan Murphy 1.1 Additional review of newly amended version of AB-1054

25 7/9/19 Matt Merkel 0.3 Review of recent docket filings including AB-1054 and potential impact to financial projections/model

25 7/9/19 Peter Gnatowski 0.3 Reviewed updates on regulatory proceedings

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 Naeem Muscatwalla 1.3 Review of public news / articles on PG&E filing re: wildfire fund

25 7/16/19 Riley Jacobs 1.2 Research and circulate information on PG&E Rate Case hearings

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 Brendan Murphy 0.8 Review of public news / articles on PG&E matter re: wildfire fund

25 7/30/19 Brent Williams 1.0 Review of public news / articles on PG&E matter re: wildfire fund and securitization 

25 7/31/19 Alex Stevenson 0.7 Review and comment on draft correspondence with CPUC

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

25 7/31/19 Alex Stevenson 0.3 Review notes prepared by MM on ratemaking call with CPUC

25 7/31/19 Brendan Murphy 0.4 Review of notes re: Public Participation Hearing on GRC 2020

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 8/1/19 Alex Stevenson 0.4 Internal communications re: CPUC strategy

25 8/2/19 Alex Stevenson 0.8 Review and discuss COC regulatory filing with internal team

25 8/2/19 Alex Stevenson 0.4 Review summary of COC regulatory filing for counsel

25 8/2/19 Alex Stevenson 0.3 Email correspondence re: COC summary

25 8/2/19 Brendan Murphy 0.9 Review Cost of Capital revision request analysis

25 8/2/19 Brent Williams 1.4 Review PG&E revision to COC for 2020

25 8/2/19 Matt Merkel 1.5 Reviewed CoC application update

25 8/2/19 Matt Merkel 2.9 Drafted summary of CoC application update

25 8/2/19 Matt Merkel 1.7 Analyzed revenue impact of CoC application update

25 8/5/19 Matt Merkel 1.1 Reviewed CPUC transcripts

25 8/6/19 Alex Stevenson 0.6 Review background material on PCIP prepayment 

25 8/6/19 Naeem Muscatwalla 1.5 Additional review of CPUC transcripts

25 8/6/19 Peter Gnatowski 0.8 Reviewed CPUC report from PG&E re: systematic issues; internal discussions re: summary

25 8/6/19 Sherman Guillema 1.0 Review of CPUC transcripts

25 8/7/19 Brendan Murphy 0.3 Internal correspondence re: securitizing bonds

25 8/7/19 Matt Merkel 2.1 Reviewed CCA PCIA pre-pay proposal

25 8/7/19 Matt Merkel 2.5 Researched PCIA financial impact

25 8/7/19 Matt Merkel 2.0 Researched PCIA rule making

25 8/7/19 Matt Merkel 0.3 Provided guidance to junior banker on PCIA rule making research

25 8/7/19 Naeem Muscatwalla 2.5 Review of PCIA and CCA filing by debtor from April 2018

25 8/7/19 Naeem Muscatwalla 2.1 Review of Oct 11, 2018 CPUC ruling on PCIA

25 8/7/19 Naeem Muscatwalla 2.6 Developed summary slides on PCIA

25 8/7/19 Riley Jacobs 2.5 Internal communications and summarize securitization bonds for utilities

25 8/7/19 Riley Jacobs 0.8 Preparation for and participation on call re: PCIA

25 8/7/19 Sherman Guillema 0.5 Reviewed and commented on summary slides on PCIA

25 8/8/19 Matt Merkel 1.4 Reviewed PCIA summary and provided comments

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

25 8/8/19 Matt Merkel 1.8 Researched PCIA regulatory filings

25 8/8/19 Matt Merkel 2.0 Made direct edits to PCIA summary

25 8/8/19 Matt Merkel 2.5 Researched ERPA regulatory filings 

25 8/8/19 Naeem Muscatwalla 1.4 Revisions to summary slides on PCIA

25 8/8/19 Naeem Muscatwalla 0.9 Internal coordination related to PCIA research

25 8/8/19 Naeem Muscatwalla 1.5 Review of CPUC rulings related to PCIA

25 8/8/19 Naeem Muscatwalla 0.9 Internal coordination related to PCIA and CCA

25 8/8/19 Naeem Muscatwalla 1.2 Revision to summary slides on PCIA

25 8/8/19 Naeem Muscatwalla 1.3 Research on historical PCIA rates for PG&E

25 8/8/19 Naeem Muscatwalla 0.9 Research on PG&E revenue requirements as it relates to PCIA

25 8/8/19 Naeem Muscatwalla 2.3 Revision to summary slides on PCIA

25 8/8/19 Peter Gnatowski 0.3 Reviewed PG&E appeal to CPUC re: cost securitization

25 8/8/19 Riley Jacobs 2.0 Additional research on securitized utility bonds 

25 8/8/19 Riley Jacobs 1.4 Create presentation on securitized utility bonds

25 8/8/19 Zack Stone 2.0 Research, review, and summarize monetization of securities for comparable analysis

25 8/9/19 Alex Gebert 2.6 Prepare summary slide of regulatory timeline with key filing and decision dates

25 8/9/19 Alex Stevenson 0.8 Review summary of CCA/PCIA impacts and analyze

25 8/9/19 Alex Stevenson 0.1 Correspondence with team re regulatory timeline

25 8/9/19 Erik Ellingson 3.1 ICC Guidance Review from 8-k

25 8/9/19 Matt Merkel 2.0 Made direct edits to PCIA summary

25 8/9/19 Matt Merkel 1.1 Drafted response to team on PCIA summary

25 8/9/19 Matt Merkel 1.4 Researched regulatory timeline dates

25 8/9/19 Matt Merkel 0.3 Pulled and reviewed agenda for upcoming CPUC meeting

25 8/9/19 Naeem Muscatwalla 0.6 Review of Oct 11, 2018 CPUC ruling on PCIA

25 8/9/19 Naeem Muscatwalla 0.7 Internal coordination related to PCIA and CCA

25 8/9/19 Riley Jacobs 2.4 Research rate recovery bonds

25 8/9/19 Riley Jacobs 2.3 Updates to presentation on securitized utility bonds

25 8/9/19 Riley Jacobs 2.7 Continued research into comparable rate recovery bond structure

25 8/10/19 Matt Merkel 1.6 Made edits to PCIA summary from senior review

25 8/11/19 Alex Stevenson 0.5 Review and comment on PCIA analysis

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

25 8/11/19 Matt Merkel 0.3 Made edits to PCIA summary from senior review

25 8/12/19 Alex Stevenson 0.3 Correspondence with team on CCA/PCIA business plan issues

25 8/12/19 Brendan Murphy 0.6 Review of presentation re: PCIA

25 8/12/19 Matt Merkel 2.0 Researched and read Saber testimonies on securitization

25 8/12/19 Matt Merkel 0.2 Researched capital structure information for senior banker and regulatory impact

25 8/12/19 Matt Merkel 0.5 Summarized capital structure regulation for senior banker

25 8/12/19 Riley Jacobs 1.1 Read summary on PGE PCIA overview

25 8/12/19 Riley Jacobs 2.0 Additional background research on rate reduction bonds

25 8/12/19 Riley Jacobs 1.3 Search for and summarize information on historical rate reduction bonds

25 8/12/19 Riley Jacobs 1.7 Edits and additions to securitization bond presentation

25 8/12/19 Riley Jacobs 2.1 Search for and summarize information on PGE 2005 securitization bond issue

25 8/13/19 Alex Gebert 1.3 Review of regulatory filings re: securitization

25 8/13/19 Brent Williams 0.5 Review PCIA framework

25 8/13/19 Matt Merkel 1.0 Reviewed and provided comments on securitization summary

25 8/13/19 Matt Merkel 1.9 Researched securitization process details

25 8/13/19 Matt Merkel 1.4 Made direct edits to securitization summary and analysis

25 8/13/19 Matt Merkel 0.3 Provided guidance to junior banker on securitization summary

25 8/13/19 Matt Merkel 1.7 Researched securitization financial impact to Debtors and rate payors

25 8/13/19 Matt Merkel 0.5 Reviewed and provided comments to junior banker on securitization summary

25 8/13/19 Matt Merkel 0.6 Reviewed content from junior banker on securitization summary and provided comments

25 8/13/19 Matt Merkel 1.7 Researched prior utility securitizations

25 8/13/19 Matt Merkel 1.5 Made direct edits to securitization summary from junior banker

25 8/13/19 Riley Jacobs 2.5 Edits to rate reduction bond analysis

25 8/13/19 Riley Jacobs 0.6 Preparation for and internal communication re: securitization analysis

25 8/13/19 Riley Jacobs 2.8 Additional research and edits to securitization analysis and presentation

25 8/13/19 Riley Jacobs 1.8 Research and summarize securitization legislation

25 8/14/19 Matt Merkel 0.5 Provided guidance to junior banker on edits to securitization summary

25 8/14/19 Matt Merkel 1.6 Incorporated edits from senior review to securitization summary

25 8/14/19 Matt Merkel 0.4 Researched and analyzed NPV benefit of securitization

25 8/14/19 Riley Jacobs 2.7 Additional diligence on PGE 2005 bond securitization

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

25 8/14/19 Riley Jacobs 2.5 Research previous utility securitization offerings

25 8/14/19 Riley Jacobs 2.3 Edits to utility securitization offerings analysis 

25 8/14/19 Riley Jacobs 2.5 Edits to utility securitization presentation

25 8/15/19 Riley Jacobs 2.1 Prepare additional case study for securitization deck

25 8/15/19 Riley Jacobs 2.4 Additional research of prior securitizations and edits to presentation

25 8/15/19 Riley Jacobs 1.7 Review AB1054 for securitization options and PGE contributions

25 8/19/19 Brent Williams 1.0 Review AB 235 securitization and impacts

25 8/19/19 Erik Ellingson 1.1 Review and comment on wildfire recovery bonds analysis

25 8/21/19 Alex Gebert 1.0 Review draft legislation on Wildfire Recovery Bonds

25 8/21/19 Matt Merkel 0.5 Initially reviewed AB235 amendments draft

25 8/21/19 Peter Gnatowski 1.9 Reviewed AB235 bill; internal discussions re: same

25 8/21/19 Riley Jacobs 0.9 Review AB-1054 related pleadings

25 8/21/19 Sherman Guillema 1.5 Researched AB235 legislation

25 8/22/19 Alex Stevenson 1.7 Review AB235 and proposed amendments thereto

25 8/22/19 Alex Stevenson 0.5 Correspondence with BW re: AB 235

25 8/22/19 Brendan Murphy 0.8 Research for Counsel re: Securitization Bond Proposals

25 8/22/19 Brendan Murphy 0.4 Read articles on AB235 

25 8/22/19 Brent Williams 1.8 Review AB235 legislation and implications

25 8/22/19 Brent Williams 1.1 Reviewed and commented on internal summary of AB 235

25 8/22/19 Brent Williams 0.5 Correspondence with AS re: AB235

25 8/22/19 Erik Ellingson 0.8 AB235 Review and evaluation 

25 8/22/19 Matt Merkel 1.6 Researched defined terms in AB235 amendments draft

25 8/22/19 Matt Merkel 1.3 Read AB235 amendments draft 

25 8/22/19 Matt Merkel 1.0 Provided guidance to junior banker on summary page of AB235 summary and analysis

25 8/22/19 Matt Merkel 1.3 Reviewed AB235 amendments draft summary from junior banker and provided comments

25 8/22/19 Matt Merkel 2.3 Studied AB235 amendments draft in detail

25 8/22/19 Matt Merkel 2.1 Made direct edits to AB235 amendments draft summary

25 8/22/19 Matt Merkel 0.5 Drafted summary email for senior banker on AB235 amendments

25 8/22/19 Naeem Muscatwalla 3.2 Review of proposed draft legislation related to Wildfire Bonds

25 8/22/19 Naeem Muscatwalla 3.8 Drafted summary presentation on AB 235 and draft legislation

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

25 8/22/19 Naeem Muscatwalla 1.0 Internal coordination related to draft legislation analysis

25 8/22/19 Riley Jacobs 1.1 Review AB-1054 legislation

25 8/22/19 Riley Jacobs 0.8 Review SB-901 legislation

25 8/22/19 Riley Jacobs 1.8 Review and summarize potential amendment to AB-235

25 8/22/19 Riley Jacobs 1.2 Create document outlining information on AB-235 proposed amendment

25 8/22/19 Sherman Guillema 3.2 Researched AB235 implications

25 8/22/19 Sherman Guillema 1.7 Reviewed AB235 summary presentation

25 8/22/19 Sherman Guillema 0.4 Drafted summary email for senior banker on AB235 amendments

25 8/22/19 Zack Stone 1.0 Read and review bond securitization articles

25 8/23/19 Alex Gebert 1.0 Review, summarize, and circulate the CPUC Scoping and Memo and Ruling

25 8/23/19 Alex Gebert 1.6 Review and research on public articles related to AB 235 amendment

25 8/23/19 Alex Stevenson 0.5 Review regulatory filings and scoping memo related to 2017 fires

25 8/23/19 Alex Stevenson 0.4 Review summary o AB235 prepared by MM and comment

25 8/23/19 Naeem Muscatwalla 0.4 Internal coordination related to AB235 research

25 8/23/19 Riley Jacobs 1.5 Research utility securitized bond issuances

25 8/23/19 Riley Jacobs 1.9 Research comparable securitization issuances

25 8/23/19 Sherman Guillema 2.0 Researched and reviewed comparable securitizations

25 8/24/19 Alex Stevenson 4.1 Review and comment on analysis of AB235

25 8/24/19 Alex Stevenson 1.8 Review and comment on presentation of AB235 implications

25 8/24/19 Brendan Murphy 0.8 Read articles on AB235 

25 8/24/19 Brendan Murphy 0.8 Internal correspondence re: AB235

25 8/24/19 Matt Merkel 1.4 Researched securitization comparables

25 8/24/19 Matt Merkel 0.8 Internal communications: re comparable finance bonds

25 8/24/19 Matt Merkel 2.2 Revised AB235 summary

25 8/24/19 Matt Merkel 1.5 Reviewed additional AB235 summary content from junior banker and made direct edits

25 8/24/19 Naeem Muscatwalla 2.3 Revision to slides on Wildfire Recovery Bond mechanics

25 8/24/19 Naeem Muscatwalla 0.8 Internal coordination related to Wildfire Recovery bonds

25 8/24/19 Riley Jacobs 0.8 Internal communications: re comparable securitization bonds

25 8/24/19 Sherman Guillema 0.8 Internal discussion of securitization

25 8/24/19 Sherman Guillema 1.6 Reviewed AB235 summary prepared by junior bankers

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

25 8/25/19 Alex Stevenson 2.1 Review and revise presentation on AB235

25 8/25/19 Matt Merkel 0.7 Made edits to AB235 summary and analysis

25 8/25/19 Matt Merkel 1.1 Reviewed and summarized research on AB235

25 8/25/19 Matt Merkel 2.7 Added content to AB235 summary

25 8/25/19 Matt Merkel 2.0 Made edits to AB235 summary per discussion with counsel

25 8/25/19 Naeem Muscatwalla 2.5 Review and research on public articles related to AB 235 amendment

25 8/25/19 Peter Gnatowski 2.5 Drafted securitization bond analysis based on request from TCC counsel

25 8/25/19 Riley Jacobs 1.2 Internal communications and additions to project finance bond analysis

25 8/25/19 Riley Jacobs 0.8 Edits to project finance bond analysis

25 8/25/19 Riley Jacobs 1.7 Research and analyze additional municipal securitizations

25 8/25/19 Sherman Guillema 0.8 Reviewed research on AB235

25 8/25/19 Sherman Guillema 1.0 Reviewed and commented on AB235 summary

25 8/25/19 Sherman Guillema 1.2 Made edits to AB235 summary per discussion with counsel

25 8/25/19 Sherman Guillema 0.5 Additional comments to AB235 summary

25 8/26/19 Alex Stevenson 1.4 Prepare for and call with S&P re: implications of AB235 on credit ratings

25 8/26/19 Alex Stevenson 0.5 Review public statements re: AB235 from other stakeholders

25 8/26/19 Alex Stevenson 1.4 Continued analysis of AB235

25 8/26/19 Brendan Murphy 0.4 Review of internal summary and analysis on AB235

25 8/26/19 Brent Williams 3.0 Review financial implications of AB235 and impact on debt capacity models

25 8/26/19 Brent Williams 1.5 Review of CPUC Scope Ruling on PG&E 2017 potential violations

25 8/26/19 Brent Williams 1.0 Review Morgan Stanley report on AB235

25 8/26/19 Erik Ellingson 2.2 Preparation of historical regulatory environment guidelines for ROE setting

25 8/26/19 Matt Merkel 1.1 Revised materials for TCC presentation based on internal comments

25 8/26/19 Peter Gnatowski 0.4 Reviewed AB235 summary presentation and analysis for TCC

25 8/27/19 Alex Stevenson 1.1 Review and comment on committee presentation materials

25 8/27/19 Alex Stevenson 1.0 Review memo prepared by counsel on AB235

25 8/27/19 Alex Stevenson 0.3 Review regulatory filing re: wildfire costs on AB235

25 8/27/19 Brent Williams 1.8 Review of financial model and implications of AB235

25 8/27/19 Matt Merkel 2.6 Analyzed securitization credit rating 

25 8/27/19 Matt Merkel 1.3 Reviewed PG&E filing re: capital structure update

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

25 8/27/19 Sherman Guillema 2.2 Researched impact of securitization on credit ratings

25 8/28/19 Alex Gebert 0.8 Review of wildfire order to participate in AB 1054

25 8/28/19 Alex Stevenson 0.3 Review wildfire liability cap calculation under AB1054

25 8/28/19 Brent Williams 1.4 Review amendments to AB235

25 8/28/19 Erik Ellingson 2.9 Preparation of historical regulatory environment guidelines for Rate Base Consideration

25 8/28/19 Naeem Muscatwalla 1.7 Research on CPUC equity ratios and ROE mandates

25 8/28/19 Naeem Muscatwalla 2.0 Drafted slides that summarize CPUC mandates for all CA utilities

25 8/30/19 Alex Stevenson 0.6 Review and comment on pending rate case summary

25 8/30/19 Brent Williams 1.5 Review and comment on AB235 analysis and presentation

25 8/30/19 Naeem Muscatwalla 0.6 Internal coordination regarding CPUC equity ratio and ROE summary

25 8/30/19 Naeem Muscatwalla 1.7 Revision to CPUC summary of equity ratio and ROE

25 8/30/19 Naeem Muscatwalla 1.4 Completed analysis of the impact of securitization on ROE

25 8/31/19 Alex Stevenson 0.2 Review correspondence re: AB235

25 9/4/19 Alex Gebert 1.1 Review AB 235 legislation

25 9/4/19 Brendan Murphy 0.8 Review of PG&E 2020 Cost of Capital testimony and supplemental filings

25 9/5/19 Brendan Murphy 0.6 Research of AB235 and AB1054 funding needs and required liquidity

25 9/5/19 Erik Ellingson 2.1 Review WSJ Article of Regulators and Other CPUC FERC Interactions and subsequent impact

25 9/6/19 Brent Williams 0.8 Review AB 235 legislation

25 9/6/19 Brent Williams 0.9 Internal discussions re: CPUC and rate cases

25 9/6/19 Naeem Muscatwalla 2.6 Research of CPUC authorized metrics for California utilities

25 9/6/19 Naeem Muscatwalla 2.5 Compiled presentation summarizing CPUC authorized metrics for California utilities

25 9/6/19 Naeem Muscatwalla 0.8 Internal coordination related to CPUC authorized metrics

25 9/6/19 Peter Gnatowski 0.2 Reviewed press re: AB235 and bill timeline; internal emails re: same

25 9/6/19 Riley Jacobs 1.2 Review and summarize internal memo re: AB235

25 9/11/19 Matt Merkel 2.2 Researched regulatory filings for rate base info

25 9/12/19 Peter Gnatowski 0.5 Reviewed updated CoC analysis

25 9/13/19 Brendan Murphy 0.9 Review of PG&E’s Revision to the 2020 Cost of Capital Application

25 9/13/19 Peter Gnatowski 0.3 Reviewed and circulated updated CoC analysis based on internal comments and requests

25 9/14/19 Riley Jacobs 1.6 Sourcing and summarizing information on funding risk of AB 1054

25 9/15/19 Brent Williams 1.8 Review AB 1054 Wildfire funding requirements

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

25 9/17/19 Alex Gebert 0.3 Review and circulate CPUC 2019 GT&S decision

25 9/17/19 Alex Gebert 0.5 Implication/edits to forecast based on 2019 GT&S decision

25 9/17/19 Alex Stevenson 0.7 Review GT&S decision and discuss analysis with MM

25 9/17/19 Brent Williams 1.8 Review of future Wildfire Safety funding AB1054

25 9/17/19 Matt Merkel 2.3 Reviewed and analyzed 8-k re: GT&S 2019; internal discussions

25 9/17/19 Peter Gnatowski 0.5 Reviewed 8k from PG&E re: GT&S decision

25 9/18/19 Brent Williams 1.0 Review CPUC GT&S decision

25 9/19/19 Erik Ellingson 1.2 Business Plan Diligence Summary

25 9/19/19 Matt Merkel 1.4 Reviewed diligence responses from debtor re: regulatory proceedings

25 9/19/19 Sherman Guillema 1.1 Reviewed regulatory proceedings diligence responses from debtor 

25 9/19/19 Sherman Guillema 1.4 Reviewed GT&S and CoC filings

25 9/25/19 Alex Gebert 2.5 Research historical capital structure/ratio approvals

25 9/25/19 Matt Merkel 0.5 Internal communication regarding CPUC capital structure authorization

25 9/25/19 Matt Merkel 1.0 Prepared for and participated in internal discussion regarding CPUC capital structure authorization

25 9/25/19 Naeem Muscatwalla 0.6 Internal coordination regarding CPUC's cost of capital authorization

25 9/25/19 Zack Stone 1.2 Prepare CPUC Capital Structure Analysis

25 9/26/19 Alex Gebert 1.8 Research 2020 GRC and latest updates

25 9/26/19 Matt Merkel 1.0 Reviewed cost of capital applications of other utilities

25 9/26/19 Matt Merkel 2.1 Reviewed CPUC filings re: investigations

25 9/27/19 Peter Gnatowski 0.4 Reviewed CPUC investigation filing

25 9/30/19 Peter Gnatowski 0.5 Reviewed report regarding CPUC proceeding regarding potential PG&E violations

26 6/11/19 Brent Williams 6.0 Non-working travel.

26 6/12/19 Brendan Murphy 4.3 Non-working travel time to SFO

26 6/13/19 Alex Stevenson 0.5 Non-Working Travel to San Francisco

26 6/14/19 Alex Stevenson 1.0 Non-Working Travel to San Francisco

26 6/14/19 Brendan Murphy 4.1 Non-working travel time back to ORD

26 6/15/19 Brent Williams 7.0 Non-working travel to/from SF

26 6/25/19 Brent Williams 3.5 Non-working travel to/from SF

26 6/27/19 Brent Williams 3.5 Non-working travel to/from SF

26 7/21/19 Brendan Murphy 2.1 Non-Working Travel to NY for Deposition 

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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

26 8/12/19 Alex Stevenson 1.0 Non-working travel to SF

26 8/12/19 Brendan Murphy 3.1 Non-Working Travel to SFO for Hearings / Meetings

26 8/12/19 Peter Gnatowski 2.0 Non-Working Travel time to SF

26 8/14/19 Alex Stevenson 1.0 Non-working travel from SF

26 8/14/19 Brendan Murphy 3.1 Non-Working Travel from SFO to ORD for Hearings / Meetings

26 8/14/19 Peter Gnatowski 2.0 Non-Working Travel time to from SF to JFK

26 8/27/19 Alex Stevenson 2.5 Non-working travel

26 8/28/19 Alex Stevenson 2.5 Non-working travel

26 8/28/19 Brendan Murphy 5.6 Non-Working Travel from ORD to Santa Rosa for TCC Meeting on 8/29

26 8/29/19 Brendan Murphy 2.1 Non-Working Travel back to San Fran from Santa Rosa

26 8/30/19 Brendan Murphy 4.1 Non-Working Travel from SFO to ORD

26 9/4/19 Brendan Murphy 2.2 Non-Working Travel from ORD to SFO for In-Person Meetings with Debtor, other parties

26 9/4/19 Peter Gnatowski 3.5 Non-Working Travel to SF

26 9/5/19 Brendan Murphy 3.1 Non-Working Travel from SFO to ORD for In-Person Meetings with Debtor, other parties

26 9/5/19 Peter Gnatowski 3.0 Non-Working Travel back to NY

26 9/11/19 Brendan Murphy 1.1 Non-Working Travel from ORD to LGA

26 9/13/19 Brendan Murphy 1.3 Non-Working Travel from LGA to ORD

26 9/16/19 Brendan Murphy 1.8 Non-Working Travel 

26 9/18/19 Brendan Murphy 1.6 Non-Working Travel

26 9/26/19 Brent Williams 6.0 Non-working travel 

26 9/27/19 Brent Williams 6.0 Non-working travel

26 9/28/19 Brent Williams 3.0 Non-working travel

27 6/3/19 Alex Stevenson 0.6 Preparation for and internal discussion re: case strategy and workstreams

27 6/3/19 Brendan Murphy 0.6 Internal project administration discussions re: work streams

27 6/3/19 Brent Williams 0.7 Internal project administration re: outstanding tasks and strategy

27 6/3/19 Matt Merkel 0.7 Internal conversation on open analyses and workstreams

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

27 6/3/19 Naeem Muscatwalla 1.0 Internal coordination regarding workstreams

27 6/3/19 Peter Gnatowski 0.7 Prepared for and participate in internal discussions re: outstanding tasks and updates on case

27 6/3/19 Riley Jacobs 1.3 Update internal calendar for key hearings and events

27 6/4/19 Brendan Murphy 1.0 Preparation for and internal discussion re: outstanding tasks for Counsel with BW

27 6/4/19 Brendan Murphy 0.5 Prepare and participate in call with PG: task tracker

27 6/4/19 Brent Williams 1.1 Preparation for and Discussion (Internal) with BM re: analysis for counsel

27 6/4/19 Peter Gnatowski 0.7 Prepared for and participated in update call with BM re: outstanding tasks

27 6/5/19 Alex Stevenson 0.8 Correspondence with internal team member re: case strategy

27 6/5/19 Brendan Murphy 0.8 Preparation for and internal discussion re: case strategy and open issues

27 6/5/19 Brent Williams 0.8 Preparation for and internal discussions re: project management 

27 6/5/19 Naeem Muscatwalla 0.9 Internal coordination regarding case procedures and plan

27 6/6/19 Naeem Muscatwalla 0.8 Internal coordination regarding workstreams

27 6/7/19 Brent Williams 1.4 Preparation for and internal discussions case update and open workstreams

27 6/10/19 Alex Stevenson 0.7 Preparation for and internal discussion re: case strategy and workstreams

27 6/10/19 Brendan Murphy 0.2 Review outstanding tasks from PG

27 6/10/19 Brent Williams 0.7 Preparation for and internal discussions re: project management

27 6/10/19 Jane Su 1.5 Miscellaneous case administration including meeting preparation

27 6/10/19 Naeem Muscatwalla 1.0 Internal junior team coordination regarding outstanding tasks and diligence

27 6/10/19 Peter Gnatowski 0.3 Updated outstanding tasks and workstreams; emails with BM re: same

27 6/11/19 Jane Su 1.2 Miscellaneous case administration including meeting preparation

27 6/12/19 Alex Stevenson 1.0 Project administration and open workstreams review

27 6/13/19 Jane Su 1.9 Miscellaneous case administration including meeting preparation

27 6/16/19 Brent Williams 0.8 Project administration re: case strategy and open deliverables

27 6/17/19 Alex Stevenson 0.2 Review critical dates memo

27 6/17/19 Alex Stevenson 1.2 Preparation for and internal discussion of case strategy and workplan

27 6/17/19 Brent Williams 1.3 Internal project administration: tasks and case strategy

27 6/17/19 Peter Gnatowski 0.5 Reviewed outstanding team tasks and workstreams

27 6/21/19 Brendan Murphy 1.0 Preparation for and internal discussion re: actionable tasks and responsibilities with BW

27 6/21/19 Brent Williams 1.0 Internal project administration re: outstanding tasks and case strategy with BM

27 6/24/19 Alex Stevenson 0.7 Preparation for and internal discussion of case strategy and workplan

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

27 6/24/19 Brendan Murphy 0.7 Preparation for and internal discussion re: actionable tasks and responsibilities

27 6/24/19 Brendan Murphy 0.4 Review of critical date memo from Counsel

27 6/24/19 Brent Williams 0.8 Internal project administration re: outstanding tasks and case strategy

27 6/24/19 Naeem Muscatwalla 0.9 Internal coordination regarding workstreams

27 6/24/19 Peter Gnatowski 0.3 Reviewed critical dates memo prepared by counsel

27 6/24/19 Peter Gnatowski 0.8 Prepare for and participate in team call re: outstanding tasks and case update

27 6/24/19 Peter Gnatowski 0.6 Coordinate with junior team re: outstanding tasks and timeline

27 6/24/19 Riley Jacobs 0.9 Update internal calendars re: upcoming hearings and objection deadlines

27 6/27/19 Riley Jacobs 1.4 Organize requests for real estate diligence

27 6/28/19 Riley Jacobs 1.2 Update Internal Calendars and summarize agenda for future events

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 Brendan Murphy 0.5 Preparation for and internal discussion re: actionable tasks and responsibilities

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 7/1/19 Peter Gnatowski 0.5 Internal team call re: outstanding tasks and case strategy

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 7/2/19 Riley Jacobs 0.8 Update Internal Calendars and summarize future proceedings

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 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 Brendan Murphy 1.3 Internal team call re: case update and outstanding tasks

27 7/8/19 Naeem Muscatwalla 0.5 Preparation for and internal coordination regarding workstream responsibilities

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 Riley Jacobs 0.6 Internal team call re: outstanding tasks and updates

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

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

143 of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

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 Brendan Murphy 1.5 Internal team call re: case; additional discussions with BW re: workstreams

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 7/15/19 Peter Gnatowski 0.5 Internal discussions on outstanding tasks and key strategy

27 7/15/19 Riley Jacobs 0.8 Internal status call and update internal calendars and summarize agenda for future events

27 7/17/19 Brendan Murphy 0.8 Internal meeting and related communication re: Plan strategy and term sheets

27 7/17/19 Brent Williams 0.7 Preparation for and internal discussion re: actionable tasks and responsibilities

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 7/18/19 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 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 7/21/19 Peter Gnatowski 1.0 Discussion with EE and AG re: case update and outstanding tasks

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 Alex Gebert 1.3 Internal team touchpoint on case progress, next steps, plan

27 7/24/19 Alex Stevenson 1.2 Preparation for and internal discussion re: discuss case strategy

27 7/24/19 Brendan Murphy 0.9 Preparation for and internal Strategy Meeting re: Term Sheet, Case Issues

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 7/24/19 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 7/25/19 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

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

27 7/25/19 Peter Gnatowski 1.0 Drafted and reviewed outstanding tasks and workstreams; discussion with BM re: same

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 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 Peter Gnatowski 0.3 Addressed various emails re: case strategy and outstanding analyses

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 Peter Gnatowski 1.0 Reviewed outstanding workstreams; discussions with BM re: same

27 7/31/19 Riley Jacobs 0.6 Update internal calendars and summarize future proceedings

27 8/1/19 Brendan Murphy 0.7 Updated master task allocation matrix for team and discussed internally

27 8/1/19 Peter Gnatowski 0.6 Reviewed and comment on outstanding workstreams; emails with BM re: same

27 8/4/19 Riley Jacobs 0.6 Update internal calendars and summarize future proceedings

27 8/5/19 Alex Gebert 1.0 Preparation for and participation in team strategy touchpoint

27 8/5/19 Alex Stevenson 1.0 Preparation for and participation in Lincoln team call to coordinate strategy

27 8/5/19 Alex Stevenson 0.6 Meeting with SG, MM, NM re: status of various work streams

27 8/5/19 Brendan Murphy 1.0 Internal Strategy Meeting re: responsibility matrix, case issues

27 8/5/19 Brent Williams 1.0 Internal discussions re: plan process and related case issues

27 8/5/19 Matt Merkel 0.6 Internal meeting with AS and NM re: open analyses and tasks

27 8/5/19 Matt Merkel 1.0 Internal call re: status of case and outstanding workstreams

27 8/5/19 Naeem Muscatwalla 0.6 Internal meeting re: open work streams

27 8/5/19 Naeem Muscatwalla 1.0 Preparation for and attendance in internal coordination calls

27 8/5/19 Peter Gnatowski 1.0 Internal call re: case update and status of outstanding tasks

27 8/5/19 Riley Jacobs 1.0 Internal call re: open workstreams and case progress

27 8/5/19 Sherman Guillema 1.0 Preparation for and participation in/attendance on internal coordination calls

27 8/5/19 Zack Stone 1.0 Preparation for and participation in/attendance on internal coordination call

27 8/6/19 Alex Gebert 0.4 Internal discussion re: organization of data distribution

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

27 8/6/19 Naeem Muscatwalla 0.5 Internal discussions re: data site

27 8/6/19 Naeem Muscatwalla 1.2 Review of CPUC website and set up alerts for individuals in the group

27 8/6/19 Naeem Muscatwalla 0.5 Internal correspondence re: administration of case tasks

27 8/6/19 Riley Jacobs 0.7 Update internal calendars and summarize future proceedings

27 8/6/19 Riley Jacobs 2.3 Drafted junior team administration tasks and emails to junior team regarding allocation of tasks

27 8/6/19 Zack Stone 0.6 Task allocation and administration communication 

27 8/7/19 Alex Stevenson 0.7 Preparation for and call with BW and BM re: case strategy

27 8/7/19 Brendan Murphy 0.7 Cast progress and strategy call with AS and BW

27 8/7/19 Brent Williams 0.7 Internal strategy call

27 8/8/19 Riley Jacobs 0.5 Update internal calendars and summarize future proceedings

27 8/9/19 Brendan Murphy 0.3 Internal correspondence re: workstream tracker

27 8/9/19 Riley Jacobs 0.3 Update internal calendars and summarize future proceedings re: CPUC Meetings

27 8/13/19 Alex Gebert 1.0 Prepare for and discuss open project workstreams and case updates

27 8/13/19 Alex Stevenson 1.0 Strategy and case management meeting with Lincoln team

27 8/13/19 Brendan Murphy 1.0 Internal strategy discussion and correspondence re: open case issues

27 8/13/19 Brent Williams 1.0 Internal discussion re: business plan and re: matters

27 8/13/19 Matt Merkel 1.0 Team strategy call and discussion of open workstreams

27 8/13/19 Peter Gnatowski 1.0 Internal call re: case update and new workstreams

27 8/13/19 Riley Jacobs 0.3 Update internal calendars re: agenda for omnibus hearing

27 8/13/19 Riley Jacobs 1.0 Internal team call re: case update and open issues

27 8/13/19 Sherman Guillema 1.0 Preparation for and participation in/attendance on internal coordination call

27 8/13/19 Zack Stone 1.0 Team case update and strategy call

27 8/15/19 Brendan Murphy 0.6 Updated master task allocation matrix for team based on new tasks

27 8/15/19 Riley Jacobs 0.6 Summarize future proceedings and update internal calendars

27 8/19/19 Alex Gebert 0.5 Prepare for and discuss internally project tracking and organization

27 8/19/19 Alex Stevenson 0.5 Call with team to discuss case strategy

27 8/19/19 Brendan Murphy 0.5 Internal Strategy Meeting re: strategy and case issues

27 8/19/19 Brent Williams 0.5 Internal discussions re: plan process and related case issues

27 8/19/19 Matt Merkel 0.5 Call with team to discuss case update and strategy

27 8/19/19 Naeem Muscatwalla 0.5 Internal coordination related to case strategy and outstanding tasks

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

146 of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

27 8/19/19 Peter Gnatowski 0.5 Participated in weekly call on open workstreams and case update

27 8/19/19 Riley Jacobs 1.4 Update Internal Calendars and summarize agenda for future events

27 8/19/19 Riley Jacobs 0.5 Internal strategy meeting

27 8/19/19 Zack Stone 0.5 Internal team discussions re: case developments

27 8/21/19 Alex Stevenson 0.3 Correspondence with BW re: project administration 

27 8/21/19 Brent Williams 0.3 Internal call with AS re: case strategy and administration

27 8/21/19 Riley Jacobs 0.5 Update internal calendars and summarize future proceedings

27 8/22/19 Alex Gebert 0.3 Coordinate junior level banker access to Debtors' data room

27 8/26/19 Alex Gebert 0.5 Internal call re: case issues and strategy

27 8/26/19 Alex Stevenson 0.5 Call with team to review project status

27 8/26/19 Brendan Murphy 0.5 Case progress and strategy call with team

27 8/26/19 Brent Williams 0.5 Internal strategy call

27 8/26/19 Matt Merkel 0.5 Internal team call re: case strategy

27 8/26/19 Naeem Muscatwalla 0.9 Preparation for and participation in/attendance on internal coordination call

27 8/26/19 Peter Gnatowski 0.5 Participated in weekly call on open workstreams and case update

27 8/26/19 Riley Jacobs 0.7 Update internal calendars and summarize future proceedings

27 8/26/19 Zack Stone 0.5 Internal team call re: open workstreams and case strategy

27 8/28/19 Jane Su 1.8 Miscellaneous case administration including Committee meeting material preparation 

27 8/28/19 Jane Su 2.2 Miscellaneous case administration including Committee meeting material preparation

27 8/28/19 Riley Jacobs 0.9 Update internal calendars and summarize future proceedings

27 9/3/19 Alex Gebert 0.5 Internal discussions re: open deliverables

27 9/3/19 Alex Stevenson 0.5 Preparation for and call with Lincoln team to discuss workplan

27 9/3/19 Brendan Murphy 1.0 Internal discussions and correspondence w BW re: Debtor meeting 

27 9/3/19 Brendan Murphy 0.5 Internal strategy discussion and pending deliverables for TCC

27 9/3/19 Brent Williams 1.0 Internal discussions with BM – Timing of Business Plan and Debtor Valuation

27 9/3/19 Brent Williams 0.5 Project administration re: committee deliverables 

27 9/3/19 Erik Ellingson 0.5 Internal strategy call 

27 9/3/19 Naeem Muscatwalla 0.5 Call with team re: internal workstreams and strategy

27 9/3/19 Peter Gnatowski 0.5 Internal strategy communications - outstanding workstream

27 9/3/19 Riley Jacobs 0.5 Preparation for and call with Lincoln team re: Internal strategy

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

27 9/3/19 Sherman Guillema 0.5 Call with team re: intern strategy

27 9/3/19 Zack Stone 0.5 Internal workstream and strategy call

27 9/4/19 Alex Gebert 0.3 Internal coordination re: upcoming court hearings

27 9/4/19 Brendan Murphy 0.4 Internal discussion with Accounting team re: billing, fee examiner, monthly statements

27 9/4/19 Riley Jacobs 0.8 Update internal calendars and summarize future proceedings

27 9/9/19 Alex Gebert 0.6 Prepare for and discuss case strategy

27 9/9/19 Alex Stevenson 0.6 Preparation for and call with Lincoln team to discuss workplan

27 9/9/19 Brendan Murphy 0.6 Internal strategy discussion and correspondence re: open deliverables for TCC

27 9/9/19 Brent Williams 0.6 Correspondence with team re: outstanding tasks and deliverables

27 9/9/19 Naeem Muscatwalla 0.6 Internal correspondence re: case strategy

27 9/9/19 Peter Gnatowski 0.6 Participated in weekly team call re: case strategy and outstanding tasks

27 9/9/19 Riley Jacobs 0.8 Update internal calendars and summarize future proceedings

27 9/10/19 Brendan Murphy 0.5 Internal discussion with Accounting Team re: project administration and billing

27 9/12/19 Riley Jacobs 0.5 Update internal calendars and summarize future proceedings

27 9/13/19 Brendan Murphy 0.7 Internal discussion with BW re: Subro settlement with Debtor, and related strategy

27 9/13/19 Brendan Murphy 0.6 Discussion with BM re: subro settlements

27 9/18/19 Alex Gebert 0.7 Internal discussion re: open workstreams

27 9/18/19 Brendan Murphy 0.7 Internal strategy discussion and correspondence re: open deliverables for TCC

27 9/18/19 Brent Williams 0.7 Internal discussions re: open deliverables for committee

27 9/18/19 Peter Gnatowski 0.7 Internal team call re outstanding workstreams and case update

27 9/18/19 Peter Gnatowski 0.7 Updated internal tracker of outstanding tasks and workstreams

27 9/18/19 Zack Stone 1.2 Internal case update and tasks discussion

27 9/19/19 Riley Jacobs 1.4 Update internal calendars and summarize future proceedings

27 9/20/19 Alex Stevenson 1.3 Preparation for and call with Lincoln team to discuss workplan

27 9/20/19 Brendan Murphy 1.4 Internal strategy discussion and internal task tracker review 

27 9/20/19 Brent Williams 1.3 Internal communications re strategy and workstreams

27 9/20/19 Peter Gnatowski 1.4 Prepared for and participated on internal call re: outstanding workstreams and case update

27 9/20/19 Sherman Guillema 1.3 Prep and participation on call re: internal Lincoln workplan

27 9/21/19 Alex Stevenson 0.5 Correspondence with BW re: case strategy

27 9/21/19 Brent Williams 0.5 Internal discussions with AS re: plan proposals

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

27 9/22/19 Riley Jacobs 0.8 Update internal calendars and summarize future proceedings

27 9/23/19 Alex Gebert 0.3 Court call administration

27 9/24/19 Alex Gebert 0.5 Internal team call: case update and open workstreams

27 9/24/19 Alex Stevenson 0.5 Prepare for and participation in team call re: case strategy

27 9/24/19 Brent Williams 0.5 Preparation for and participation on team call re: workstreams

27 9/24/19 Naeem Muscatwalla 0.5 Internal team call re: case update and strategy

27 9/24/19 Peter Gnatowski 0.5 Weekly team call re: outstanding tasks and case strategy

27 9/24/19 Riley Jacobs 0.5 Internal team call on open deliverables and strategy

27 9/24/19 Riley Jacobs 0.6 Update internal calendars and summarize future proceedings

27 9/25/19 Alex Gebert 0.6 Fee app matrix updates

27 9/27/19 Riley Jacobs 0.8 Update internal calendars and summarize future proceedings

27 9/30/19 Alex Gebert 0.5 Internal strategy discussion and open workstreams

27 9/30/19 Alex Stevenson 0.5 Preparation for and call with team re case strategy

27 9/30/19 Brendan Murphy 0.5 Internal strategy discussion and internal task tracker review 

27 9/30/19 Brent Williams 0.5 Preparation for and participation on team call re: workstreams

27 9/30/19 Peter Gnatowski 0.5 Participated in weekly team call re: case strategy and outstanding tasks

31 6/3/19 Brendan Murphy 1.5 Preparation for and internal discussion re: fee application

31 6/4/19 Peter Gnatowski 0.8 Reviewed draft fee app detail from junior banker; emails re: same

31 6/5/19 Alex Gebert 1.6 Prepare Lincoln's Fee Application- March

31 6/5/19 Peter Gnatowski 1.2 Reviewed March Fee App draft; internal call with team

31 6/6/19 Alex Gebert 1.5 Review and discuss internally March application process 

31 6/6/19 Peter Gnatowski 2.2 Reviewed March fee application detail

31 6/9/19 Peter Gnatowski 2.8 March fee app preparation

31 6/11/19 Peter Gnatowski 2.1 Edits to March fee application

31 6/11/19 Riley Jacobs 3.0 Prepare March Fee application (professional fees)

31 6/11/19 Riley Jacobs 1.4 Communication and additional edits to March fee application

31 6/12/19 Peter Gnatowski 2.5 Additional edits to March fee application

31 6/12/19 Riley Jacobs 2.6 Prepare March Fee application (expenses)

31 6/13/19 Peter Gnatowski 2.5 Work on March fee application

31 6/13/19 Peter Gnatowski 2.4 Additional work on March fee application

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

31 6/13/19 Riley Jacobs 2.8 Prepare March Fee application (expenses)

31 6/15/19 Brendan Murphy 1.9 Review and comments to March fee application / statement

31 6/15/19 Peter Gnatowski 1.4 Further edits to March fee statement

31 6/15/19 Peter Gnatowski 1.0 Additional edits to March fee application based on comments from BM and counsel

31 6/15/19 Riley Jacobs 1.9 Prepare March Fee application (expenses and receipts)

31 6/16/19 Alex Gebert 1.5 Preparation of March fee application and internal discussion re: the same

31 6/17/19 Peter Gnatowski 0.2 Reviewed fee application protocol from fee examiner

31 6/17/19 Peter Gnatowski 0.8 Preparation March fee application

31 6/20/19 Brendan Murphy 1.7 Comments and changes to March Fee Statement

31 6/20/19 Peter Gnatowski 1.0 Preparation March fee application

31 6/21/19 Alex Gebert 0.6 Prepare March fee application exhibits

31 6/21/19 Brendan Murphy 1.0 Comments and changes to March fee statement

31 6/21/19 Peter Gnatowski 2.2 Finalized March fee application

31 6/25/19 Riley Jacobs 2.2 Preparation of April Fee application

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 Peter Gnatowski 2.6 Began review and drafting of April fee application

31 7/5/19 Riley Jacobs 3.2 Prepare review and consolidation of data for 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 

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 Peter Gnatowski 1.8 Edits to April fee application

31 7/12/19 Riley Jacobs 1.1 Continued review and drafting of April fee application

31 7/15/19 Naeem Muscatwalla 0.6 April fee application preparation and analysis

31 7/15/19 Peter Gnatowski 2.5 Continued review and edits of April fee application; internal discussions re: same

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

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

31 7/15/19 Riley Jacobs 1.8 Internal communications and updates to April fee app (expenses)

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 Peter Gnatowski 1.0 Additional edits to April fee application

31 7/17/19 Riley Jacobs 2.7 Continued review of time and expense detail of 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 Peter Gnatowski 2.1 Reviewed and comment to draft April fee application

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 7/23/19 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

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

31 8/6/19 Naeem Muscatwalla 1.6 Compiled and began review of May fee time detail for application 

31 8/6/19 Riley Jacobs 3.6 Compiled and began review of May expenses based on fee examiner protocol

31 8/6/19 Riley Jacobs 1.5 Internal conversations and edits to May expenses

31 8/9/19 Peter Gnatowski 2.5 Review May time detail 

31 8/9/19 Peter Gnatowski 2.0 Continued review of May time detail

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

31 8/14/19 Alex Gebert 0.8 Prepare certificate of no objection re: fee application

31 8/14/19 Alex Gebert 0.4 Addressed changes to CNO based on comments from senior banker

31 8/16/19 Peter Gnatowski 0.3 Reviewed and commented to CNO 

31 8/16/19 Peter Gnatowski 2.0 Review of May time review

31 8/20/19 Alex Gebert 0.3 Prepare for and discuss May fee application review

31 8/20/19 Peter Gnatowski 1.6 Continued review of May fee detail

31 8/20/19 Peter Gnatowski 1.8 Reviewed comments from fee examiner and reviewed March Expenses; internal discussion

31 8/20/19 Riley Jacobs 1.6 Prepared March fee statement support reconciliation for fee examiner

31 8/21/19 Brendan Murphy 0.9 Review of March fee statement support for Examiner; internal discussions 

31 8/21/19 Riley Jacobs 1.7 Continued review of May expense detail and supporting documentation 

31 8/21/19 Riley Jacobs 2.0 Internal communications and additional March fee application reconciliation

31 8/22/19 Alex Gebert 2.0 Assist in May time review 

31 8/23/19 Peter Gnatowski 2.0 Additional review and edits to May fee application

31 8/23/19 Riley Jacobs 3.0 Continued review of May expense detail and related receipts

31 8/25/19 Peter Gnatowski 2.8 Continued review and refinement of May fee application

31 8/25/19 Riley Jacobs 2.1 Reviewed and refined May fee detail

31 8/26/19 Alex Gebert 3.3 Prepare May fee application (expense detail, exhibits, etc.)

31 8/26/19 Brendan Murphy 0.8 Review of March fee statement support for Examiner

31 8/26/19 Brendan Murphy 2.5 Review and comment on May fee statement and related support

31 8/26/19 Peter Gnatowski 1.5 Reviewed and commented on May expenses for fee application

31 8/26/19 Riley Jacobs 3.0 Revisions to May fee application based on comments from senior bankers

31 8/26/19 Riley Jacobs 2.8 Reconciled May expenses to receipts for fee examiner 

31 8/27/19 Peter Gnatowski 2.1 Revised May fee app motion 

31 8/27/19 Peter Gnatowski 2.0 Additional edits to May fee application

31 8/27/19 Riley Jacobs 2.6 Finalized May expense detail and related support data

31 8/28/19 Alex Gebert 2.0 Assisted in drafting first quarterly interim fee application motion

31 8/28/19 Peter Gnatowski 2.0 Final edits to May fee application motion and related exhibits

31 8/28/19 Peter Gnatowski 2.4 Final edits to May time and expense detail

31 8/28/19 Peter Gnatowski 3.0 Drafted first quarterly interim fee application

31 8/28/19 Riley Jacobs 3.4 Compiled and reviewed June expense detail and related support receipts

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

31 8/29/19 Alex Gebert 3.0 Compiled and initiated review of June fee detail

31 8/29/19 Peter Gnatowski 2.0 Began review of June time detail

31 8/29/19 Riley Jacobs 2.8 Reviewed June time detail

31 8/29/19 Zack Stone 2.7 Assisted in review of June time entries

31 8/30/19 Peter Gnatowski 0.4 Prepared May fee examiner support data in Excel

31 8/30/19 Peter Gnatowski 2.6 Began review of June expense detail from junior banker to match fee examiner protocol

31 8/30/19 Peter Gnatowski 1.7 Continued review of June time detail 

31 8/30/19 Riley Jacobs 2.2 Continued review of June time detail 

31 8/30/19 Riley Jacobs 0.7 Review June expenses and related receipts

31 8/30/19 Riley Jacobs 0.4 Internal communications re: June fee app

31 8/30/19 Zack Stone 1.8 Reviewed and modified June expenses in conjunction with fee examiner protocol

31 9/3/19 Brendan Murphy 0.4 Review internal notes from Fee Examiner Protocol

31 9/3/19 Peter Gnatowski 2.0 Continued review of May time detail

31 9/3/19 Riley Jacobs 0.6 Internal conversation and changes to March receipt reconciliation

31 9/3/19 Riley Jacobs 1.3 Read fee examiner protocol filing

31 9/3/19 Riley Jacobs 0.8 Summarize and circulate notes form fee examiner protocol

31 9/4/19 Brendan Murphy 0.6 Review of March fee statement support for Examiner

31 9/4/19 Riley Jacobs 0.4 Internal conversation and changes to March receipt reconciliation

31 9/9/19 Brendan Murphy 0.7 Review and comments to internal time tracker

31 9/9/19 Naeem Muscatwalla 1.6 Review June time detail

31 9/10/19 Riley Jacobs 1.7 June expense and receipt reconciliation

31 9/10/19 Riley Jacobs 1.4 Additional edits to June fee app excel backup

31 9/11/19 Peter Gnatowski 2.5 Reviewed June fee app detail

31 9/11/19 Peter Gnatowski 1.4 Reviewed and commented on June fee application

31 9/11/19 Riley Jacobs 1.8 Internal communications and edits to June fee app

31 9/11/19 Riley Jacobs 1.5 Additional review of to June fee app (receipts and expenses)

31 9/11/19 Riley Jacobs 1.6 Additional edits to June fee app (professional fees)

31 9/11/19 Riley Jacobs 1.8 Communications and preparation of final June fee app

31 9/11/19 Riley Jacobs 2.0 Revisions and quality control for final June fee app

31 9/12/19 Riley Jacobs 0.4 Internal communications re: July Fee app

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

153 of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

31 9/13/19 Riley Jacobs 2.1 Edits to final June fee app (professional fees)

31 9/13/19 Riley Jacobs 1.2 Edits to final June fee app (expenses)

31 9/16/19 Alex Gebert 3.3 Preparation of July Fee application

31 9/16/19 Peter Gnatowski 0.3 Reviewed comments to June fee applications from BM

31 9/16/19 Peter Gnatowski 2.2 Reviewed and commented on updated June fee application

31 9/16/19 Peter Gnatowski 2.2 Began review of July fee time detail

31 9/16/19 Peter Gnatowski 1.8 Reviewed July expense detail

31 9/16/19 Riley Jacobs 1.3 Edits to final June fee app based on internal comments

31 9/16/19 Riley Jacobs 0.6 Internal communications re: final June fee app submission

31 9/16/19 Riley Jacobs 1.9 Additional preparation of final June fee App

31 9/16/19 Riley Jacobs 1.2 Internal communications re: July Fee app

31 9/16/19 Riley Jacobs 2.4 Initial preparation of July fee app (professional fees)

31 9/16/19 Riley Jacobs 1.7 Initial preparation of July fee app (expenses)

31 9/17/19 Alex Gebert 1.6 Review July fee detail

31 9/17/19 Riley Jacobs 2.5 Preparation of July fee app (professional fees)

31 9/17/19 Riley Jacobs 0.5 Internal communications re: July fee app

31 9/17/19 Riley Jacobs 1.7 Preparation of July fee app (expenses and receipts)

31 9/17/19 Riley Jacobs 2.2 Preparation of July fee app (professional fees)

31 9/17/19 Zack Stone 0.3 Preparation for and internal discussion re: July fee statement

31 9/17/19 Zack Stone 3.0 July fee application analysis re: fees

31 9/18/19 Alex Gebert 1.3 Prepare CNO for May application

31 9/18/19 Alex Gebert 0.6 Further preparation of May CNO

31 9/18/19 Brendan Murphy 0.4 Review and comments to June Fee Statement

31 9/18/19 Peter Gnatowski 1.0 Prepared July fee application package for fee examiner

31 9/18/19 Peter Gnatowski 0.5 Reviewed expense receipts for fee examiner

31 9/18/19 Riley Jacobs 1.8 Preparation of materials for June Fee App post submission review

31 9/18/19 Riley Jacobs 1.7 Edits to internal fee tracker

31 9/18/19 Riley Jacobs 1.6 Internal communications and review of advisor documents / fee apps

31 9/18/19 Zack Stone 1.5 July fee application analysis re: fees

31 9/18/19 Zack Stone 3.0 July fee application analysis re: expenses

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

154 of 155
Category Date Name Hours Description of Task(s)

EXHIBIT E

TIME DETAIL

FOR THE PERIOD JUNE 1, 2019 THROUGH SEPTEMBER 30, 2019

31 9/19/19 Brendan Murphy 1.6 Review and comments to June Fee Statement

31 9/19/19 Peter Gnatowski 0.5 Revised May CNO for counsel

31 9/19/19 Riley Jacobs 2.1 Internal discussions and updates to July fee applications (expenses)

31 9/19/19 Riley Jacobs 1.8 Additional Preparation of post-submission materials for June fee app

31 9/19/19 Riley Jacobs 1.3 Review of advisor documents / fee apps

31 9/19/19 Riley Jacobs 1.8 Updates to July fee application (professional fees)

31 9/21/19 Peter Gnatowski 2.0 Continued review of July time detail and drafting of fee application motion

31 9/23/19 Alex Gebert 0.6 Coordinate/prepare CNO 

31 9/24/19 Riley Jacobs 2.5 Edits to fee application

31 9/24/19 Zack Stone 1.2 Continued review and edits to expenses

31 9/26/19 Peter Gnatowski 1.5 Additional review and edits to July Fee application

31 9/26/19 Riley Jacobs 1.6 Receipt reconciliation for April fee app per reviewer comments

31 9/26/19 Riley Jacobs 0.5 Internal communications re: April receipt reconciliation

31 9/27/19 Brendan Murphy 1.5 Reviewed and commented on July fee application

31 9/27/19 Brent Williams 1.1 Internal Communications re internal time tracker and related processes

31 9/27/19 Erik Ellingson 1.3 Reviewed July fee application

31 9/27/19 Naeem Muscatwalla 1.2 Reviewed July time detail

31 9/27/19 Peter Gnatowski 0.5 Reviewed responses and Fee Examiner's April expense questions/requests; emails re: same

31 9/27/19 Peter Gnatowski 1.7 Continued review and edits to July expenses and receipts

31 9/27/19 Riley Jacobs 1.8 Review and summarize US Trustees response to Fee procedures motion

31 9/30/19 Peter Gnatowski 2.0 Continued review of July fees provided by junior team

31 9/30/19 Riley Jacobs 0.8 Internal communications re: April receipt reconciliation

31 9/30/19 Riley Jacobs 1.3 Edits to post-submission April receipts

31 9/30/19 Riley Jacobs 1.9 Formatting and content changes to post-submission April receipts

Case: 19-30088 Doc# 4724-5 Filed: 11/14/19 Entered: 11/14/19 14:13:06 Page

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