221201 ORD RE MEDIATION TEAM 2ND REPORT VERSION DECEMBER 1, 2022 1

UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF PUERTO RICO

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In re: PROMESA

Title III

THE FINANCIAL OVERSIGHT AND

MANAGEMENT BOARD FOR PUERTO RICO,

as representative of No. 17 BK 3283-LTS

THE COMMONWEALTH OF PUERTO RICO (Jointly Administered)

et al.,

Debtors.1

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In re: PROMESA

Title III

THE FINANCIAL OVERSIGHT AND

MANAGEMENT BOARD FOR PUERTO RICO,

as representative of No. 17 BK 4780-LTS

PUERTO RICO ELECTRIC POWER 

AUTHORITY,

Debtor.

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ORDER CONCERNING MEDIATION TEAM’S SECOND NOTICE AND REPORT

The Court has received and reviewed the Mediation Team’s Second Notice and 

Report (Docket Entry No. 22953 in Case No. 17-3283 and Docket Entry No. 3091 in Case 

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 (the “Commonwealth”) 

(Bankruptcy Case No. 17-BK-3283-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#:22954 Filed:12/01/22 Entered:12/01/22 15:30:03 Desc: Main

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221201 ORD RE MEDIATION TEAM 2ND REPORT VERSION DECEMBER 1, 2022 2

No. 17-4780) (the “Second Mediation Report”), filed by the Mediation Team.

2

 The Second 

Mediation Report reports ongoing efforts to support negotiations between the Oversight Board 

and key stakeholders to achieve a consensual plan of adjustment since the entry of the 

September 29, 2022 Scheduling Order. The Second Mediation Report also requests a brief 

extension of the Scheduling Order’s December 1, 2022 deadline. The Court is persuaded that the 

Mediation Team’s extension request is reasonable and that the extension is needed to allow the 

exchange and review of information necessary to advance negotiations. 

Accordingly, for the reasons set forth in the Second Mediation Report, the 

deadline for the Oversight Board to file a (i) proposed plan of adjustment, (ii) disclosure 

statement (and corresponding motion for approval thereof), and (iii) proposed confirmation 

schedule contemplating a June 2023 confirmation hearing is hereby extended to December 8, 

2022. 

SO ORDERED.

Dated: December 1, 2022

 /s/ Laura Taylor Swain 

LAURA TAYLOR SWAIN

United States District Judge

2 Capitalized terms used but not defined herein have the meaning given to them in the 

Second Mediation Report.

Case:17-03283-LTS Doc#:22954 Filed:12/01/22 Entered:12/01/22 15:30:03 Desc: Main

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