230320 SCH ORD RE NATIONAL STAY MOT VERSION MARCH 20, 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

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.

No. 17 BK 4780-LTS

In re:

THE FINANCIAL OVERSIGHT AND MANAGEMENT 

BOARD FOR PUERTO RICO,

as representative of

PUERTO RICO POWER ELECTRIC AUTHORITY,

Plaintiff/Counterclaim-Defendant,

Adv. Proc. No. 19-00391-LTS

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#:23833 Filed:03/20/23 Entered:03/20/23 16:38:07 Desc: Main

Document Page 1 of 3
230320 SCH ORD RE NATIONAL STAY MOT VERSION MARCH 20, 2023 2

PUERTO RICO FISCAL AGENCY AND FINANCIAL 

ADVISORY AUTHORITY, THE OFFICIAL COMMITTEE 

OF UNSECURED CREDITORS OF ALL TITLE III 

DEBTORS, CORTLAND CAPITAL MARKET SERVICES, 

SOLA LTD., SOLUS OPPORTUNITIES FUND 5 LP, 

ULTRA MASTER LTD, ULTRA NB LLC, UNION DE 

TRABAJADORES DE LA INDUSTRIA ELECTRICA Y 

RIEGO INC., AND SISTEMA DE RETIRO DE LOS 

EMPLEADOS DE LA AUTORIDAD DE ENERGIA 

ELECTICA,

Intervenor-Plaintiffs,

-vU.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE,

Defendant/Counterclaim-Plaintiff,

THE AD HOC GROUP OF PREPA BONDHOLDERS, 

ASSURED GUARANTY CORP., ASSURED GUARANTY 

MUNICIPAL CORP., NATIONAL PUBLIC FINANCE 

GUARANTEE CORPORATION, AND SYNCORA 

GUARANTEE, INC., 

Intervenor-Defendants/Counterclaim-Plaintiffs.

ORDER SCHEDULING BRIEFING CONCERNING URGENT JOINT MOTION TO STAY 

CERTAIN CONTESTED MATTERS AND ADVERSARY PROCEEDINGS RELATED TO 

BONDS ISSUED BY THE PUERTO RICO ELECTRIC POWER AUTHORITY (“PREPA”)

WITH RESPECT TO NATIONAL PUBLIC FINANCE GUARANTEE CORPORATION

The Court has received and reviewed the Urgent Joint Motion to Stay Certain

Contested Matters and Adversary Proceedings Related to Bonds Issued by the Puerto Rico 

Electric Power Authority (“PREPA”) with Respect to National Public Finance Guarantee 

Corporation (Docket Entry No. 23829 in Case No. 17-3283, Docket Entry No. 3343 in Case No. 

17-4780, and Docket Entry No. 144 in Adv. Proc. No. 19-391) (the “Motion”).

Responses to the Motion, if any, must be filed by 5:00 p.m. (Atlantic Standard 

Time) on March 24, 2023. Reply papers, if any, must be filed by 5:00 p.m. (Atlantic Standard 

Time) on March 28, 2023. The Court will thereafter take the Motion on submission, unless the 

Case:17-03283-LTS Doc#:23833 Filed:03/20/23 Entered:03/20/23 16:38:07 Desc: Main

Document Page 2 of 3
230320 SCH ORD RE NATIONAL STAY MOT VERSION MARCH 20, 2023 3

Court determines that a hearing is necessary.

SO ORDERED.

Dated: March 20, 2023

 /s/ Laura Taylor Swain

LAURA TAYLOR SWAIN

United States District Judge

Case:17-03283-LTS Doc#:23833 Filed:03/20/23 Entered:03/20/23 16:38:07 Desc: Main

Document Page 3 of 3