1

UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF PUERTO RICO

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-BK-3283-LTS) (Last Four Digits of Federal 

Tax ID: 3481); (ii) Puerto Rico Sales Tax Financing Corporation (Bankruptcy Case No. 17-BK-3284-

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

Authority (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 (Bankruptcy 

Case No. 17-BK-3566-LTS) (Last Four Digits of Federal Tax ID: 9686); (v) Puerto Rico Electric Power 

Authority (Bankruptcy Case No. 17-BK-4780-LTS) (Last Four Digits of Federal Tax ID: 3747); and 

(vi) Puerto Rico Public Buildings Authority (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).

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 a representative of

PUERTO RICO ELECTRIC POWER AUTHORITY,

Debtor.

PROMESA Title III

Case No. 17-BK-4780-LTS

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THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO, 

as representative of

PUERTO RICO ELECTRIC POWER AUTHORITY,

Plaintiff/

CounterclaimDefendant,

PUERTO RICO FISCAL AGENCY AND FINANCIAL 

ADVISORY AUTHORITY, THE OFFICIAL COMMITTEE 

OF UNSECURED CREDITORS OF ALL TITLE III 

DEBTORS, UNION DE TRABAJADORES DE LA 

INDUSTRIA ELECTRICA Y RIEGO INC., AND SISTEMA 

DE RETIRO DE LOS EMPLEADOS DE LA AUTORIDAD 

DE ENERGIA ELECTRICA,

Plaintiff-Intervenors,

v.

U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE,

Defendant/

CounterclaimPlaintiff,

THE AD HOC GROUP OF PREPA BONDHOLDERS, 

ASSURED GUARANTY CORP., ASSURED GUARANTY 

MUNICIPAL CORP., NATIONAL PUBLIC FINANCE 

GUARANTEE CORPORATION, AND SYNCORA 

GUARANTEE, INC.,

DefendantIntervenors/

CounterclaimPlaintiffs.

Adv. Proc. No. 19-00391-LTS

PROMESA Title III

THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO, 

as a representative of

Adv. Proc. No. 19-00391-LTS

PROMESA Title III

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AMENDED INFORMATIVE MOTION OF THE

FINANCIAL OVERSIGHT AND MANAGEMENT BOARD

OF PUERTO RICO, AS TITLE III REPRESENTATIVE

OF THE PUERTO RICO ELECTRIC POWER AUTHORITY

REGARDING EXHIBITS AND DEMONSTRATIVES IN CONNECTION

WITH THE HEARING ON THE MOTIONS FOR SUMMARY JUDGMENT

The Financial Oversight and Management Board for Puerto Rico (the “Oversight Board”), 

as Title III representative of Puerto Rico Electric Power Authority (“PREPA”), pursuant to section 

315(b) of the Puerto Rico Oversight, Management, and Economic Stability Act (“PROMESA”),2

respectfully submits this amended informative motion regarding exhibits and demonstratives in 

connection with the February 1, 2023 Hearing on the Summary Judgment Motions3pursuant to 

2 PROMESA has been codified in 48 U.S.C. §§ 2101–2241.

3 The “Summary Judgment Motions” are the: (1) Notice of Motion and Motion of the Financial Oversight and 

Management Board of Puerto Rico, as Title III Representative of the Puerto Rico Electric Power Authority, for 

Summary Judgment Pursuant to Bankruptcy Rule 7056 (Case No. 19-ap-391, ECF No. 62); and (2) Memorandum 

in Support of Defendant/Counterclaim-Plaintiff’s and Intervenor-Defendants/Counterclaim-Plaintiffs’ Motion for 

Summary Judgment Against Plaintiffs/Counterclaim-Defendants (Case No. 19-ap-391, ECF No. 62).

PUERTO RICO ELECTRIC POWER AUTHORITY,

Movant,

v.

U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE,

Defendant/

CounterclaimPlaintiff,

THE AD HOC GROUP OF PREPA BONDHOLDERS, 

ASSURED GUARANTY CORP., ASSURED GUARANTY 

MUNICIPAL CORP., NATIONAL PUBLIC FINANCE 

GUARANTEE CORPORATION, AND SYNCORA 

GUARANTEE, INC.,

Defendant-Intervenors/

Counterclaim-Plaintiffs.

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paragraph 8 of the Court’s January 12, 2023 Order Regarding Procedures for Hearing on

February 1-2, 2023, Omnibus Hearing [Case No. 17-3283, ECF No. 23253] (the “Procedures 

Order”) and states as follows:

1. On January 30, 2023, the Oversight Board filed the Informative Motion of the

Financial Oversight and Management Board of Puerto Rico, as Title III Representative of the 

Puerto Rico Electric Power Authority Regarding Exhibits and Demonstratives in Connection With 

the Hearing on the Motions for Summary Judgment [Adv. Proc. No. 19-00391-LTS, ECF No. 131] 

(the “Informative Motion”), identifying exhibits and demonstratives the Oversight Board may 

rely on at the February 1, 2023 Hearing on the Summary Judgment Motions.

2. On January 31, 2023, the Oversight Board filed the Notice of Submission of

Financial Oversight and Management Board’s, as Title III Representative of the Puerto Rico 

Electric Power Authority, Exhibit and Demonstrative List in Connection With the Hearing on the 

Motions for Summary Judgment [Adv. Proc. No. 19-00391-LTS, ECF No. 132], submitting the 

Financial Oversight and Management Board for Puerto Rico’s Exhibit and Demonstrative List in 

Connection with the Hearing on the Motions for Summary Judgment (the “Exhibit List”), which 

contains the same exhibits and demonstratives listed in the Informative Motion.

3. On January 31, 2023, the Oversight Board filed the Notice of Submission of

Financial Oversight and Management Board’s, as Title III Representative of the Puerto Rico 

Electric Power Authority, Corrected Exhibit and Demonstrative List in Connection With the 

Hearing on the Motions for Summary Judgment [Adv. Proc. No. 19-00391-LTS, ECF No. 134], 

submitting the Financial Oversight and Management Board for Puerto Rico’s Corrected Exhibit 

and Demonstrative List in Connection with the Hearing on the Motions for Summary Judgment 

(the “Corrected Exhibit List”), which contains an updated FOMB Ex. 4.

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4. Below is a list of the exhibits and demonstratives contained in the Informative 

Motion, Exhibit List, and Corrected Exhibit List with docket references. The Oversight Board may 

rely on these exhibits and demonstratives at the February 1, 2023 Hearing on the Summary 

Judgment Motions. The Oversight Board continues to rely on the entirety of their written 

submissions on the Summary Judgment Motions, including all demonstratives and exhibits 

attached thereto, and reserves the right to modify this exhibit list and refer to any exhibit or 

demonstrative identified in any other parties’ informative motion pursuant to paragraph 8 of the 

Procedures Order.

Name of Party The Financial Oversight and Management 

Board for Puerto Rico

Does the Party intend to offer evidence? Yes

Docket Entry No. for Party Exhibit List Docket Entry No. 134 in Adv. Proc. No. 19-

00391-LTS

Demonstrative

or Exhibit 

Identifier

Description

Docket Entry 

No. of 

Demonstrative

or Exhibit4

Pending 

Request 

to Seal?

Demonstratives

FOMB 

Demonstrative 

No. 1

Form of Bond Excerpted from Joint 

Conformed Trust Agreement (Adv. Proc. 

No. 19-00391-LTS, ECF No. 118-1 at 7-12) 

(highlighting added)

Docket Entry No. 

134-1

No

FOMB 

Demonstrative 

No. 2

Words of Agreement Clause Excerpted 

from Joint Conformed Trust Agreement 

(Adv. Proc. No. 19-00391-LTS, ECF No. 

118-1 at 16) (highlighting added)

Docket Entry No. 

134-2

No

FOMB 

Demonstrative 

No. 3

Portions of Section 507 Excerpted from 

Joint Conformed Trust Agreement (Adv. 

Proc. No. 19-00391-LTS, ECF No. 118-1 at 

78) (highlighting added)

Docket Entry No. 

134-3

No

4 All docket references in this column refer to those in Adv. Proc. No. 19-00391-LTS.

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Demonstrative

or Exhibit 

Identifier

Description

Docket Entry 

No. of 

Demonstrative

or Exhibit4

Pending 

Request 

to Seal?

FOMB 

Demonstrative 

No. 4

Portions of Sections 503, 505-512 

Excerpted from Joint Conformed Trust 

Agreement (Adv. Proc. No. 19-00391-LTS, 

ECF No. 118-1 at 70, 74, 79, 81, 83-85) 

(highlighting added)

Docket Entry No. 

134-4

No

FOMB 

Demonstrative 

No. 5

Section 701 Excerpted from Joint 

Conformed Trust Agreement (Adv. Proc. 

No. 19-00391-LTS, ECF No. 118-1 at 93) 

(highlighting added)

Docket Entry No. 

134-5

No

FOMB 

Demonstrative 

No. 6

Portions of Sections 804-805 Excerpted 

from Joint Conformed Trust Agreement 

(Adv. Proc. No. 19-00391-LTS, ECF No. 

118-1 at 107-108) (highlighting added)

Docket Entry No. 

134-6

No

FOMB 

Demonstrative 

No. 7

Opinions of Counsel Excerpted from 

Official Statement filed by PREPA on 

August 16, 2013, in connection with 

PREPA’s Issuance of Power Revenue 

Bonds, Series 2013A (Adv. Proc. No. 19-

00391-LTS, ECF No. 66-22 at 226-229) 

(highlighting added)

Docket Entry No. 

134-7

No

FOMB 

Demonstrative 

No. 8

Specimen Bond for the Power Revenue 

Bonds, Series 2013A (Adv. Proc. No. 19-

00391-LTS, ECF No. 66-23) (highlighting 

added)

Docket Entry No. 

134-8

No

Exhibits

FOMB Ex. 1 Joint Conformed Trust Agreement (Adv. 

Proc. No. 19-00391-LTS, ECF No. 118-1)

Docket Entry No. 

134-9

No

FOMB Ex. 2

Official Statement filed by PREPA on 

August 16, 2013, in connection with 

PREPA’s Issuance of Power Revenue 

Bonds, Series 2013A (Adv. Proc. No. 19-

00391-LTS, ECF No. 66-22)

Docket Entry No. 

134-10 No

FOMB Ex. 3

Specimen Bond for the Power Revenue 

Bonds, Series 2013A (Adv. Proc. No. 19-

00391-LTS, ECF No. 66-23)

Docket Entry No. 

134-11 No

FOMB Ex. 4

Financing Statements Naming PREPA as 

the Debtor (using both PREPA’s English 

name and Spanish name) (Adv. Proc. No. 

19-00391-LTS, ECF Nos. 65-5, 65-6)

Docket Entry 

Nos. 134-12 and 

134-13

No

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Demonstrative

or Exhibit 

Identifier

Description

Docket Entry 

No. of 

Demonstrative

or Exhibit4

Pending 

Request 

to Seal?

FOMB Ex. 5

Declaration of Nelson Morales in Respect 

of Motion of the Puerto Rico Electric Power 

Authority, by and Through the Financial 

Oversight and Management Board for 

Puerto Rico, for Summary Judgment 

Pursuant to Bankruptcy Rule 7056 (Adv. 

Proc. No. 19-00391-LTS, ECF No. 66)

Docket Entry No. 

134-14 No

[Remainder of Page Intentionally Left Blank]

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Dated: January 31, 2023

 San Juan, Puerto Rico

Respectfully submitted,

/s/ Martin J. Bienenstock

Martin J. Bienenstock 

Ehud Barak

Margaret A. Dale

Jeff W. Levitan 

Michael T. Mervis

Daniel S. Desatnik

Elliot R. Stevens

(Admitted Pro Hac Vice)

PROSKAUER ROSE LLP

Eleven Times Square

New York, NY 10036

Tel: (212) 969-3000

Fax: (212) 969-2900

Steven O. Weise

(Admitted Pro Hac Vice)

PROSKAUER ROSE LLP

2029 Century Park East, Suite 2400

Los Angeles, CA 90067

Tel: (310) 557-2900

Fax: (310) 557-2193

Paul V. Possinger

(Admitted Pro Hac Vice)

PROSKAUER ROSE LLP

70 West Madison, Suite 3800 

Chicago, IL 60602

Tel: (312) 962-3550

Fax: (312) 962-3551

William D. Dalsen 

(Admitted Pro Hac Vice)

PROSKAUER ROSE LLP

One International Place

Boston, MA 02110

Tel: (617) 526-9600

Fax: (617) 526-9899

Mee Rina Kim

(Admitted Pro Hac Vice)

PROSKAUER ROSE LLP

1001 Pennsylvania Avenue N.W.

Suite 600 South

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Washington, DC 20004

Tel: (202) 416-6800

Fax: (202) 416-6899

Jared M. DuBosar

(Admitted Pro Hac Vice)

PROSKAUER ROSE LLP

2255 Glades Road, Suite 421 Atrium

Boca Raton, FL 33431

Tel: (561) 241-7400 

Fax: (561) 241-7145

Attorneys for the Financial 

Oversight and Management Board 

as sole Title III representative for PREPA

/s/ Luis F. del Valle-Emmanuelli

 Luis F. del Valle-Emmanuelli 

USDC-PR No. 209514 

P.O. Box 79897 

Carolina, Puerto Rico 00984-9897 

Tel. 787.647.3503 

Fax. N/A 

dvelawoffices@gmail.com 

Of Counsel for A&S Legal Studio, PSC

434 Avenida Hostos

San Juan, PR 00918

Tel (787) 751-6764/763-0565

Fax (787) 763-8260

Co-Attorney for the Financial 

Oversight and Management Board 

as Representative for PREPA

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