230118 ORD RE COBRA STATUS REPORT VERSION JANUARY 18, 2023 1

UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF PUERTO RICO

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

as representative of

THE COMMONWEALTH OF PUERTO RICO et al.,

Debtors.1

PROMESA

Title III

Case No. 17 BK 3283-LTS

(Jointly Administered)

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

as representative of

PUERTO RICO ELECTRIC POWER AUTHORITY,

Debtor.

PROMESA

Title III

Case No. 17 BK 4780-LTS

ORDER SETTING DEADLINE FOR FURTHER STATUS REPORT 

The Court has received and reviewed the Joint Status Report Pursuant to June 29, 

2022 Ruling Denying Cobra Acquisitions LLC’s Motion to Lift the Stay Order (Docket Entry No. 

23211 in Case No. 17-3283 and Docket Entry No. 2690 in Case No. 17-4780) (the “Status 

Report”), filed by the Puerto Rico Electric Power Authority, the Financial Oversight and

Management Board for Puerto Rico, the Puerto Rico Fiscal Agency and Financial Advisory 

 1 The Debtors in these Title III Cases, along with each Debtor’s respective Title III case 

number and the last four (4) digits of each Debtor’s federal tax identification number, as 

applicable, are the (i) Commonwealth of Puerto Rico (Bankruptcy Case No. 17-BK3283-LTS) (Last Four Digits of Federal Tax ID: 3481); (ii) Puerto Rico Sales Tax 

Financing Corporation (“COFINA”) (Bankruptcy Case No. 17-BK-3284-LTS) (Last Four 

Digits of Federal Tax ID: 8474); (iii) Puerto Rico Highways and Transportation 

Authority (“HTA”) (Bankruptcy Case No. 17-BK-3567-LTS) (Last Four Digits of 

Federal Tax ID: 3808); (iv) Employees Retirement System of the Government of the 

Commonwealth of Puerto Rico (“ERS”) (Bankruptcy Case No. 17-BK-3566-LTS) (Last 

Four Digits of Federal Tax ID: 9686); (v) Puerto Rico Electric Power Authority 

(“PREPA”) (Bankruptcy Case No. 17-BK-4780-LTS) (Last Four Digits of Federal Tax 

ID: 3747); and (vi) Puerto Rico Public Buildings Authority (“PBA”) (Bankruptcy Case 

No. 19-BK-5523-LTS) (Last Four Digits of Federal Tax ID: 3801) (Title III case 

numbers are listed as Bankruptcy Case numbers due to software limitations).

Case:17-03283-LTS Doc#:23273 Filed:01/18/23 Entered:01/18/23 17:18:51 Desc: Main

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230118 ORD RE COBRA STATUS REPORT VERSION JANUARY 18, 2023 2

Authority, and Cobra Acquisitions LLC (the “Parties”).

2

 For substantially the reasons stated on 

the record at the June 29, 2022 omnibus hearing, the stay that was originally imposed by the 

Order Granting Joint Urgent Motion of the Oversight Board, PREPA, and AAFAF to Extend All 

Applicable Deadlines to Cobra Acquisition LLC’s Motion for Allowance and Payment of 

Administrative Expense Claims (Docket Entry No. 8886 in Case No. 17-3283 and Docket Entry 

No. 1670 in Case No. 17-4780), will remain in effect. The Parties are directed to file a further 

status report addressing (i) the status of any administrative appeals in connection with the

November and December DMs regarding the Second Contract, (ii) the status of the Criminal 

Case, and (iii) a summary of the outstanding unpaid amounts arising from the First and Second 

Contracts and whether the Government Parties disputes Cobra’s entitlement to these amounts,

with the Court by July 31, 2023, at 5:00 p.m. (Atlantic Standard Time). 

SO ORDERED.

Dated: January 18, 2023

 /s/ Laura Taylor Swain 

LAURA TAYLOR SWAIN 

United States District Judge

 2 Capitalized terms used but not defined herein shall have the meanings ascribed to them in 

the Status Report.

Case:17-03283-LTS Doc#:23273 Filed:01/18/23 Entered:01/18/23 17:18:51 Desc: Main

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