Exhibit I

LIST OF PREPA’S BANK ACCOUNTS, BALANCES, AND PRELIMINARY RESTRICTION CATEGORIZATIONS AS OF 

SEPTEMBER 30, 2022 AND NOVEMBER 1, 2022

Case:17-03283-LTS Doc#:23631-9 Filed:02/27/23 Entered:02/27/23 00:24:23 Desc:

Exhibit I Page 1 of 7
 

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PREPA:

Account Number Financial 

Institution

9/30/2022 Balance 

($)

11/01/2022

Balance ($)1

Categorization

132/BSA-45-4468 First Bank $217,984,445.66 $200,786,595.80 

Restricted: Federal Funds – funds 

provided by U.S. federal agencies, 

including FEMA and the U.S. 

Department of Housing and Urban 

Development, for the repair, 

replacement, restoration, improvement, 

resiliency, construction or hazard 

mitigation of the transmission and 

distribution (“T&D”) system

132/BSA-50-2350 First Bank $177,186,999.15 $185,011,204.86

Restricted: Third Party Contract –

funds set aside for T&D expenditures 

relating to costs and expenses incurred in 

providing operating and maintenance 

services per Puerto Rico Transmission 

and Distribution System Operation and 

Maintenance Agreement dated as of 

June 22, 2020, by and among PREPA, 

the Puerto Rico Public-Private 

Partnerships Authority, Luma Energy, 

LLC, and Luma Energy Servco, LLC 

(the “LUMA Contract”)

132/BCP-55-2348 Banco Popular $149,612,983.74 $149,879,821.57 

Restricted: Federal Funds – funds 

provided by FEMA for working capital 

advances

 1 Updated balances as of November 1, 2022 were obtained from PREPA but have not been independently verified with the relevant financial 

institutions. They also identified four additional bank accounts each with a $0 balance, but they are not included in this exhibit because they have 

been closed (as confirmed by the relevant financial institutions). 

Case:17-03283-LTS Doc#:23631-9 Filed:02/27/23 Entered:02/27/23 00:24:23 Desc:

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Account Number Financial 

Institution

9/30/2022 Balance 

($)

11/01/2022

Balance ($)1

Categorization

132/BCP-56-1678 Banco Popular $112,527,994.33 $184,340,588.50 

Restricted: Federal Funds – funds 

provided by FEMA for reimbursement 

of costs of repairs from hurricane and 

earthquake damages

132/ORI-03-2677 Oriental Bank $92,196,591.97 $69,924,994.79 Unrestricted

132/BCP-17-4253 Banco Popular $71,409,622.92 $26,144,003.06 Unrestricted

132/BSA-48-2383 First Bank $61,599,739.66 $61,828,695.53 

Restricted: Third Party Contract –

funds set aside for power generation 

expenditures relating to costs and 

expenses incurred in providing power 

and electricity per the LUMA Contract

132/BSA-46-2405 First Bank $48,907,285.15 $52,193,282.79 

Restricted: Third Party Contract –

funds set aside for contingency reserve 

per the LUMA Contract

132/BSA-49-2361 First Bank $46,585,174.70 $29,644,578.79 

Restricted: Third Party Contract –

funds set aside for capital improvements 

per the LUMA Contract

132/FIR-58-2515 First Bank $41,016,997.41 $41,072,522.06 

Restricted: Third Party Contract –

funds set aside for costs and expenses 

incurred in power generation per the 

LUMA Contract

132/CIT-03-5287 Citibank $36,795,793.35 $12,014,660.34 

Restricted: Court Order – insurance 

proceeds funds set aside per court order 

(PREPA Title III Doc. 514) for repair, 

replacement, or reconstruction of 

damaged or destroyed property

132/BSA-47-2394 First Bank $33,659,588.44 $76,564,357.52 

Restricted: Third Party Contract –

funds set aside for costs and expenses 

incurred in fuel supply arrangement per 

the LUMA Contract

Case:17-03283-LTS Doc#:23631-9 Filed:02/27/23 Entered:02/27/23 00:24:23 Desc:

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Account Number Financial 

Institution

9/30/2022 Balance 

($)

11/01/2022

Balance ($)1

Categorization

132/BSA-51-2372 First Bank $30,031,610.07 $30,072,963.19 

Restricted: Third Party Contract –

funds set aside for outage event reserve 

per the LUMA Contract

132/BCP-47-2622 Banco Popular $22,780,656.14 $22,780,656.14 

Restricted: Federal Funds – funds 

provided by FEMA for hazard 

mitigation grant program approved costs

132/CIT-02-5015 Citibank $19,445,069.41 $6,144,662.88 Unrestricted

132/FIR-39-5280 First Bank $16,918,452.46 $16,940,006.10 

Asserted to be Restricted: Third Party 

Contract – subject to PREPA 

bondholder litigation2

132/USB-01-8002 US Bank $16,878,288.09 $16,878,429.13 

Restricted: Bondholder Contract –

funds held by PREPA bond trustee 

pursuant to the Trust Agreement of 

1974, as amended, between PREPA and 

bond trustee

132/FIR-01-0527 First Bank $9,576,117.19 $1,573,993.67 Unrestricted

132/BCP-11-3540 Banco Popular $7,196,157.80 $10,347,137.13 

Restricted: Federal Funds – funds 

provided by FEMA for Hurricane Maria 

related costs

132/BCP-19-5914 Banco Popular $3,826,644.93 $6,702,886.81 

Restricted: Federal Funds – funds 

provided by FEMA for earthquake 

related costs

132/FIR-40-5281 First Bank $3,343,323.16 $3,347,582.46 Unrestricted

132/BCP-09-2689 Banco Popular $2,490,266.00 $2,490,266.00 Unrestricted

132/BCP-02-3165 Banco Popular $2,161,060.93 $2,164,915.30 Unrestricted

 2 This account relates to funds that are subject to litigation regarding the scope of PREPA bond trustee’s security interest (Adv. Proc. No. 19-

00391-LTS). 

Case:17-03283-LTS Doc#:23631-9 Filed:02/27/23 Entered:02/27/23 00:24:23 Desc:

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Account Number Financial 

Institution

9/30/2022 Balance 

($)

11/01/2022

Balance ($)1

Categorization

x6855 Banco Popular $1,985,034.44 $1,988,574.86 Unreviewed3

x2592 Banco Popular $1,875,438.02 $1,875,438.02 Unreviewed

x4708 Banco Popular $1,578,886.00 N/A4 Unreviewed

x5023 Citibank $1,548,651.02 $1,551,558.13 Unreviewed

x5282 First Bank $1,162,635.32 $1,164,116.49 Unreviewed

x8000 US Bank $966,889.87 $969,856.41 Unreviewed

x5201 Citibank $835,476.44 $546,850.94 Unreviewed

x0158 Banco Popular $631,531.83 $900,325.42 Unreviewed

x9652 Banco Popular $257,566.50 $257,883.84 Unreviewed

x7862 Banco Popular $162,119.41 $162,119.41 Unreviewed

x9317 Banco Popular $143,417.73 $110,968.95 Unreviewed

x8020 US Bank $126,549.06 $126,550.12 Unreviewed

x9000 US Bank $65,706.64 $65,707.19 Unreviewed

x5357 Banco Popular $60,591.73 $297,892.49 Unreviewed

x8004 US Bank $59,817.06 $59,817.56 Unreviewed

x8016 US Bank $36,895.93 $36,896.24 Unreviewed

x2835 Banco Popular $34,000.00 $34,000.00 Unreviewed

x3524 Banco Popular $31,835.82 $76,235.35 Unreviewed

x5317 Citibank $25,978.73 $25,978.73 Unreviewed

x9007 Banco Popular $2,043.88 $624.17 Unreviewed

x9823 Banco Popular $1,420.76 N/A Unreviewed

x8013 US Bank $944.67 $944.67 Unreviewed

x8018 US Bank $250.39 $250.39 Unreviewed

x9001 US Bank $152.61 $152.61 Unreviewed

x8017 US Bank $46.06 $46.06 Unreviewed

 3 Accounts with balances lower than $2.0 million were not reviewed for restriction assessment. As of September 30, 2022, the accounts reviewed for 

restriction status represented approximately $1.224 billion of the total $1.236 billion, or 99.1% of funds held at the PREPA accounts. The accounts 

that have not been reviewed based on the amount threshold are presented in gray boxes.

4 An updated balance for this account as of November 1, 2022 is not available as of preparation of this exhibit. 

Case:17-03283-LTS Doc#:23631-9 Filed:02/27/23 Entered:02/27/23 00:24:23 Desc:

Exhibit I Page 5 of 7
 

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Account Number Financial 

Institution

9/30/2022 Balance 

($)

11/01/2022

Balance ($)1

Categorization

x0001 US Bank $9.96 $9.96 Unreviewed

x1001 US Bank $9.32 $9.32 Unreviewed

x8015 US Bank $5.13 $5.13 Unreviewed

x8019 US Bank $5.03 $5.03 Unreviewed

x4048 Banco Popular $0.00 $0.00 Unreviewed

x5309 Citibank $0.00 N/A Unreviewed

x9000 US Bank $0.00 N/A Unreviewed

x8014 US Bank $0.00 N/A Unreviewed

x2000 US Bank $0.00 N/A Unreviewed

x0000 US Bank $0.00 N/A Unreviewed

x5365 Banco Popular $0.00 $0.00 Unreviewed

x3933 Banco Popular $0.00 $0.00 Unreviewed

x3941 Banco Popular $0.00 $0.00 Unreviewed

x0458 Banco Popular $0.00 $0.00 Unreviewed

x7870 Banco Popular $0.00 $0.00 Unreviewed

x6062 Banco Popular $0.00 $0.00 Unreviewed

x5295 Citibank $0.00 $0.00 Unreviewed

x5104 Citibank $0.00 N/A Unreviewed

x5112 Citibank $0.00 N/A Unreviewed

x5074 Citibank $0.00 N/A Unreviewed

x5279 Citibank $0.00 $0.00 Unreviewed

x5058 Citibank $0.00 $0.00 Unreviewed

x5139 Citibank $0.00 $0.00 Unreviewed

x5147 Citibank $0.00 $0.00 Unreviewed

x5155 Citibank $0.00 $0.00 Unreviewed

x5244 Citibank $0.00 N/A Unreviewed

x1414 Oriental Bank $0.00 $0.00 Unreviewed

x3073 Oriental Bank $0.00 $0.00 Unreviewed

x8003 US Bank $0.00 N/A Unreviewed

Case:17-03283-LTS Doc#:23631-9 Filed:02/27/23 Entered:02/27/23 00:24:23 Desc:

Exhibit I Page 6 of 7
 

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Account Number Financial 

Institution

9/30/2022 Balance 

($)

11/01/2022

Balance ($)1

Categorization

x8021 US Bank $0.00 N/A Unreviewed

x4099 US Bank $0.00 N/A Unreviewed

x3001 US Bank $0.00 N/A Unreviewed

x4001 US Bank $0.00 N/A Unreviewed

x5000 US Bank $0.00 N/A Unreviewed

TOTAL $1,235,724,772.02 $1,219,101,621.91

Case:17-03283-LTS Doc#:23631-9 Filed:02/27/23 Entered:02/27/23 00:24:23 Desc:

Exhibit I Page 7 of 7