UNITED STATES DISTRICT COURT 

FOR THE DISTRICT OF PUERTO RICO 

In re 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO, 

As a representative of 

THE COMMONWEALTH OF PUERTO RICO

et al., 

Debtors.1

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PROMESA 

Title III 

No. 17 BK 3283-LTS 

(Jointly Administered) 

Re: ECF Dkt. Nos. 21098, 21181, 21182, 

21546, 21871, 21872, 21873, 22646, 22647, 

22713, 22868, 22873, 22874, 22875, 22876, 

22877, 22879, 22880, 22885, 22892, 22894, 

22895, 22908, 22946 

Case No. 17-3567 Dkt. Nos. 1221, 1222, 

1421, 1442, 1464 

Case No. 17-4780 Dkt. Nos. 2844, 2845, 

3051, 3077, 3079, 3152 

Hearing date: February 1, 2023, at 9:30 a.m. 

(AST)

FEE EXAMINER’S REPORT ON UNCONTESTED PROFESSIONAL FEE MATTERS 

FOR CONSIDERATION IN CONNECTION WITH THE 

FEBRUARY 1-2, 2023, OMNIBUS HEARING 

I. SUMMARY OF UNCONTESTED FEE APPLICATIONS FOR THE 

SIXTEENTH INTERIM (JUNE 1, 2022-SEPTEMBER 30, 2022) AND 

PRIOR COMPENSATION PERIODS 

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 (“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); and, (v) Puerto Rico Electric Power Authority (“PREPA”) (Bankruptcy Case 

No. 17 BK 4780-LTS) (Last Four Digits of Federal Tax ID: 3747) 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). 

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II. FINAL ALLOWANCE OF COMPENSATION FOR PROFESSIONAL 

SERVICES RENDERED AND REIMBURSEMENT OF EXPENSES FOR 

THE FINAL FEE PERIOD 

III. NOTICE OF DEFERRAL OF SPECIFIC FEE APPLICATIONS FOR 

CONSIDERATION AT THE MARCH 15, 2023, OMNIBUS HEARING OR 

A LATER DATE 

TO: HON. LAURA TAYLOR SWAIN, 

UNITED STATES DISTRICT JUDGE 

INTRODUCTION

This report comes at a time when confirmed plans of adjustment for most debtors have 

become effective, reducing their debt significantly. Title III professionals have continued to file 

final fee applications. PREPA has filed a proposed plan of adjustment and disclosure statement,2

and the PREPA proceeding’s focus has shifted to litigation. The PREPA Mediation Team has 

advised that it expects negotiations to resume and—perhaps—continue for some time.3

Retained professionals based in San Juan have been invited to attend an in-person 

discussion with the Fee Examiner and his Puerto Rico counsel on February 2, 2023, to ask 

questions about the final fee application process. While this optional and informal session is 

open to any professional, it is designed primarily to assist professionals based in Puerto Rico.4

This report addresses interim fee applications for periods through and including the 

Sixteenth Interim Fee Period (June 1-September 30, 2022) and 13 pending final fee 

applications. With this report, the Fee Examiner recommends the Court approve 30 interim and 

two final fee applications. In total, 56 interim and 11 final applications remain deferred. The 

2 See the Title III Plan of Adjustment of the Puerto Rico Electric Power Authority [Dkt. No. 23094] and Disclosure 

Statement for Title III Plan of Adjustment of the Puerto Rico Electric Power Authority [Dkt. No. 23097], both filed 

December 16, 2022. 

3 See the January 23, 2023, Mediation Team’s Third Notice and Report [Dkt. No. 23306]. 

4

 Any professional planning to attend this information session—either in-person or remotely—should contact the 

Fee Examiner’s counsel at kboucher@gklaw.com and elugo@edgelegal.com for details. 

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Fee Examiner expects to recommend another group of interim and final applications for approval 

in connection with the March 15, 2023 omnibus hearing. 

SUMMARY OF RECOMMENDATIONS 

With this report, the Fee Examiner: 

--Recommends Court approval of the interim fee applications 

detailed on Exhibit A and the final fee applications detailed on 

Exhibit B; 

--Notifies the Court, consistent with paragraphs 2.h and 2.k of the 

Third Amended Compensation Order, that the Fee Examiner and 

the applicants listed on Exhibit C and Exhibit D5

are in productive 

discussions and—to continue their dialogue—have agreed to 

adjourn consideration of these fee applications to the March 15, 

2023, omnibus hearing, or another date convenient for the Court. 

INTERIM AND FINAL FEE APPLICATIONS 

This Report addresses many of the compensation requests timely submitted for the 

Sixteenth Interim Fee Period. Exhibit A lists 30 interim fee applications and Exhibit B lists two 

final fee applications—all recommended for the Court’s approval, some as adjusted. The Fee 

Examiner recommends that the Court approve—on an interim basis—nine fee applications of 

McKinsey & Company Puerto Rico Consulting, Inc., for the Thirteenth, Fourteenth, and 

Fifteenth Interim Fee Periods. The Fee Examiner had deferred consideration of these 

applications as a result of the PRRADA disclosure process, which has now concluded. In 

recommending these applications for Court approval, the Fee Examiner again spoke with the 

Oversight Board’s senior management and counsel about their assessment of the firm’s work—

particularly in light of the transition to a new executive director. Their evaluation has remained 

5

 Exhibit D identifies 11 Final Fee Applications recommended for deferral. Only professionals that have both

completed the PRRADA disclosure process and completed the interim compensation process should file final 

applications. The Fee Examiner will continue to recommend the deferral of final applications for several reasons, 

including to facilitate the completion of these prerequisites. 

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consistent throughout the Title III proceedings, the mediation processes, and the PREPA 

litigation now before the Court. The Oversight Board management has reported that McKinsey’s 

contributions are “critical” and virtually indispensable. 

As in prior fee periods, the Fee Examiner reviewed McKinsey’s scope of work 

documents, its monthly staffing reports, and its week-by-week description of tasks and work 

product for the PREPA, Commonwealth, and HTA workstreams, calculating an estimated 

blended hourly rate of $475.11 for June 2021 through June 2022. See Exhibit E. This rate 

continues to compare favorably to similarly situated financial advisory professionals retained in 

these cases. McKinsey’s work on the Commonwealth and HTA matters concluded with the 

March 15 and December 6, 2022 effective dates. With the approval of the interim fee 

applications recommended in this Report, McKinsey will soon file final fee applications in both 

matters, leaving open only the PREPA workstream (at a monthly cost of $740,000 per month 

through June 2023). 

With effective dates having passed for all Debtors other than PREPA, the Fee Examiner’s 

focus will shift to recommendations regarding final fee applications. In some instances, the Fee 

Examiner has deferred consideration of the impact of hourly rate increases, with a number of 

firms requesting rate increases for 2023. See, e.g., Dkt. Nos. 23242, 23271, and 23304. Aside 

from hourly rate increases, the Fee Examiner has also reserved judgment on other issues that 

may be more appropriately evaluated on a final, retrospective basis. 

RELIEF REQUESTED 

Once again in the continued absence of any objection, the Fee Examiner recommends 

that the Court approve, under PROMESA sections 316 and 317, the applications listed on 

Exhibits A and B, and permit the deferral of the applications listed on Exhibits C, and D to the 

omnibus hearing scheduled for March 15, 2023, or a later date. Attached to this report as 

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Attachment 1 is a proposed order consistent with the recommendations above, should the Court 

wish to enter it in advance of the upcoming omnibus hearing. 

Dated: January 25, 2023. 

WE HEREBY CERTIFY that on this date, we electronically filed the foregoing report 

with the Clerk of the Court using the CM/ECF system that will send notification of such filing to 

all attorneys of record registered in the use of the CM/ECF system. 

EDGE LEGAL, LLC 

 s/Eyck O. Lugo 

Eyck O. Lugo 

252 Ponce de León Avenue 

Citibank Tower, 12th Floor 

San Juan, PR 00918 

Telephone: (787) 522-2000 

Facsimile: (787) 522-2010 

Puerto Rico Counsel for Fee Examiner 

GODFREY & KAHN, S.C. 

One East Main Street, Suite 500 

Madison, WI 53703 

Telephone: (608) 257-3911 

Facsimile: (608) 257-0609 

Brady C. Williamson (Pro Hac Vice) 

Fee Examiner 

Katherine Stadler (Pro Hac Vice) 

Counsel for the Fee Examiner

28682591.5 

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EXHIBIT A 

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In re: The Financial Oversight and Management Board for Puerto Rico, as a representative of

The Commonwealth of Puerto Rico, et al.

PROMESA Title III No. 17 BK 3283-LTS

Thirteenth - Sixteenth Fee Period Applications Recommended: Applicant Compensation Period Interim Fees Requested Fee Examiner's Recommended Fee Adjustments Interim Expenses Requested Fee Examiner's Recommended Expense Adjustments 

1 Ernst & Young LLP [Dkt. No. 21098] 6/1/2021 - 9/30/2021 9,039,848.45 $ 57,553.31 $ 40,270.76 $ 10,980.89 $ 

2-a McKinsey & Company Puerto Rico Consulting, Inc. [Dkt. No. 21181] 6/1/2021 - 9/30/2021 5,670,000.00 $ - $ - $ - $ 

2-b McKinsey & Company Puerto Rico Consulting, Inc. [17-3567 Dkt. No. 1221] 6/1/2021 - 9/30/2021 1,240,000.00 $ - $ - $ - $ 

2-c McKinsey & Company Puerto Rico Consulting, Inc. [17-4780 Dkt. No. 2844] 6/1/2021 - 9/30/2021 1,306,100.00 $ - $ - $ - $ 

3-a Brattle Group, Inc., The [Dkt. No. 21871] 10/1/2021 - 1/31/2022 $ - 219,185.50 $ - $ - $ 

3-b Brattle Group, Inc., The [Dkt. No. 21873] 10/1/2021 - 1/31/2022 $ - 57,415.37 $ - $ - $ 

4-a McKinsey & Company Puerto Rico Consulting, Inc. [Dkt. No. 21182] 10/1/2021 - 1/31/2022 5,322,500.00 $ - $ - $ - $ 

4-b McKinsey & Company Puerto Rico Consulting, Inc. [17-3567 Dkt. No. 1222] 10/1/2021 - 1/31/2022 1,185,000.00 $ - $ - $ - $ 

4-c McKinsey & Company Puerto Rico Consulting, Inc. [17-4780 Dkt. No. 2845] 10/1/2021 - 1/31/2022 1,661,050.00 $ - $ - $ - $ 

5-a Brattle Group, Inc., The [Dkt. No. 21872] 10/1/2021 - 3/15/2022 $ - 78,778.80 $ - $ - $ 

5-b Brattle Group, Inc., The [Dkt. No. 22646 and 17-3567 Dkt. No. 1421] 2/1/2022 - 5/31/2022 429,915.50 $ 5,000.00 $ 69.65 $ - $ 

5-c Brattle Group, Inc., The [Dkt. No. 22647 and 17-4780 Dkt. No. 3051] 2/1/2022 - 5/31/2022 173,215.00 $ - $ - $ - $ 

6 Continental PLLC [Dkt. No. 22713] 2/1/2022 - 5/31/2022 $ 648.82 199,393.20 $ 63.96 $ - $ 

7-a McKinsey & Company Puerto Rico Consulting, Inc. [Dkt. No. 21546] 2/1/2022 - 3/15/2022 1,560,000.00 $ - $ - $ - $ 

7-b McKinsey & Company Puerto Rico Consulting, Inc. [17-3567 Dkt. No. 1464] 2/1/2022 - 6/30/2022 1,550,000.00 $ - $ - $ - $ 

7-c McKinsey & Company Puerto Rico Consulting, Inc. [17-4780 Dkt. No. 3152] 2/1/2022 - 6/30/2022 3,700,000.00 $ - $ - $ - $ 

Consultant to FOMB - PREPASpecial Litigation Counsel to the Official Committee of Unsecured CreditorsConsultant to FOMB - CommonwealthConsultant to FOMB - HTAEconomic Consultant to Proskauer Rose LLP as Counsel to FOMB - Assessment of House Bill 3Economic Consultant to Proskauer Rose LLP as Counsel to FOMB - HTA - Toll Fare AnalysisEconomic Consultant to Proskauer Rose LLP as Counsel to FOMB - PREPA - PREPA Mediation/ConsultingConsultant to FOMBConsultant to FOMB - HTAConsultant to FOMB - PREPAFifteenth Interim Fee Period (February 1, 2022 - May 31, 2022)Economic Consultant to Proskauer Rose LLP as Counsel to FOMB - Title III Expert SupportEconomic Consultant to Proskauer Rose LLP as Counsel to FOMB - CommonwealthConsultant to FOMB - CommonwealthConsultant to FOMB - HTAConsultant to FOMB - PREPAFourteenth Interim Fee Period (October 1, 2021 - January 31, 2022)

Thirteenth Interim Fee Period (June 1, 2021 - September 30, 2021)Financial Advisor to FOMB

 28442036.1 

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In re: The Financial Oversight and Management Board for Puerto Rico, as a representative of

The Commonwealth of Puerto Rico, et al.

PROMESA Title III No. 17 BK 3283-LTS

Thirteenth - Sixteenth Fee Period Applications Recommended: Applicant Compensation Period Interim Fees Requested Fee Examiner's Recommended Fee Adjustments Interim Expenses Requested Fee Examiner's Recommended Expense Adjustments 

8 Alvarez & Marsal North America, LLC [Dkt. No. 22885 and 17-3567 Dkt. No. 1442] 6/1/2022 - 9/30/2022 175,752.36 $ - $ 1,935.89 $ 189.42 $ 

9 Bennazar, Garcia & Milan, C.S.P. [Dkt. No. 22908] 6/1/2022 - 9/30/2022 89,800.00 $ 250.00 $ 702.93 $ - $ 

10 Cardona Fernandez, Ileana C. [17-4780 Dkt. No. 3077] 6/1/2022 - 9/30/2022 $ - 11,745.00 $ 900.00 $ - $ 

11 Casillas, Santiago & Torres [Dkt. No. 22873] 6/1/2022 - 9/30/2022 $ - 190,412.50 $ 976.30 $ - $ 12 Continental PLLC [Dkt. No. 22875] 6/1/2022 - 9/30/2022 $ 711.18 218,556.80 $ 1,813.5 $ - 8 $ 

13 DGC, a division of PKF O'Connor Davies, LLP [17-4780 Dkt. No. 3079] 6/1/2022 - 9/30/2022 112,012.50 $ - $ - $ - $ 

14 FTI Consulting, Inc. [Dkt. No. 22868] 6/1/2022 - 9/30/2022 53,572.00 $ 2,284.89 $ - $ - $ 15 Genovese Joblove & Battista, P.A. [Dkt. No. 22880] 1/1/2022 - 7/31/2022 117,740.40 $ - $ 11,922.93 $ 539.10 $ 16 Jenner & Block LLP [Dkt. No. 22892] 6/1/2022 - 9/30/2022 126,558.20 $ 10,964.18 $ 6,994.75 $ - $ 

17 Kroma Advertising, Inc. [Dkt. No. 22877] 4/16/2022 - 8/15/2022 $ - 20,000.00 $ - $ - $ 

18 London Economics International LLC [Dkt. No. 22876] 6/1/2022 - 9/30/2022 424,305.00 $ 2,735.50 $ 7,934.50 $ - $ 

19 Marchand ICS Group [Dkt. No. 22946] 6/1/2022 - 9/30/2022 26,265.00 $ - $ 92.13 $ - $ 

20 Paul Hastings LLP [Dkt. No. 22879] 6/1/2022 - 9/30/2022 1,145,246.50 $ 70,240.31 $ 7,356.79 $ - $ FN1 

21 Zolfo Cooper, LLC [Dkt. No. 22874] 6/1/2022 - 9/30/2022 $ 94.86 170,417.00 $ - $ - $ FN2 

Financial Advisor to the Official Committee of Unsecured Creditors

FN2 - The Fee Examiner recommends that the foregoing stipulated fee reductions be included with the agreed overall 20 percent reduction in total fees sought by Zolfo Cooper, LLC as part of its final fee applicaapproval.

Communications Advisor to the Official Committee of Unsecured CreditorsFinancial Advisor to the Official Committee of Unsecured CreditorsInformation Agent to the Official Committee of Retired EmployeesCounsel to the Official Committee of Unsecured Creditors

FN1 - The Fee Examiner recommends that, for the sixteenth interim fee period, and only this period, the foregoing stipulated fee reductions, other than $38,712.66, on account of certain negotiated reductions, 

reduction, as agreed by Paul Hastings LLP, in total fees sought by Paul Hastings LLP as part of its final fee application, which fee application is subject to Court approval. To the extent not already paid pursuant t

are authorized and directed to pay Paul Hastings LLP 80 percent of the fees in the amount of $1,106,533.84 (i.e., $1,145,246.50 minus the aforementioned credit of $38,712.66).

Special Litigation Counsel to the Official Committee of Unsecured CreditorsFinancial Advisor to FOMB acting through Special Claims Committee - PREPAFinancial Advisor to the Official Committee of Retired EmployeesSpecial Litigation Counsel to Official Committee of Unsecured CreditorsCounsel to the Official Committee of Retired EmployeesPuerto Rico Counsel for the Official Committee of Retired EmployeesPuerto Rico Conflicts Counsel to the FOMB acting through Special Claims Committee - PREPAPuerto Rico Conflicts Counsel to the Official Committee of Unsecured CreditorsSixteenth Interim Fee Period (June 1, 2022 - September 30, 2022)Advisor to the FOMB - HTA

 28442036.1 

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EXHIBIT B

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FINAL Fee Applications Recommended: Applicant Compensation Period Final Fees Requested 

 Fee Examiner's 

Recommended Fee 

Adjustments 

 Final Expenses 

Requested 

 Fee Examiner's 

Recommended 

Expense 

Adjustments 

Re

1 Deloitte Consulting LLP [Dkt. No. 22895] 8/1/2018 - 1/31/2019 2,291,428.68 $ - $ 263,327.78 $ - $ 

$ 

2 Deloitte Financial Advisory Services LLP [Dkt. No. 22894] 5/3/2017 - 11/30/2019 23,924,332.83 $ - $ 1,269,767.31 $ - $ 

$ 

Debtors' ConsultantFinancial Advisor to Debtors

In re: The Financial Oversight and Management Board for Puerto Rico, as a representative of

The Commonwealth of Puerto Rico, et al.

PROMESA Title III No. 17 BK 3283-LTS

 28442036.1 

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EXHIBIT C

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In re: The Financial Oversight and Management Board for Puerto Rico, as a representative of

The Commonwealth of Puerto Rico, et al.

PROMESA Title III No. 17 BK 3283-LTS

Fifth - Sixteenth Fee Period Applications Deferred: Applicant Compensation Period Interim Fees Requested Fee Examiner's Recommended Fee Adjustments Interim Expenses Requested Fee Examiner's Recommended Expense Adjustments 

1-a Ankura Consulting Group, LLC [Dkt. No. 8454] 10/1/2018 - 1/31/2019 3,223,148.50 $ 181,809.03 $ 

1-b Ankura Consulting Group, LLC [17-4780 Dkt. No. 1137] 10/1/2018 - 1/31/2019 3,080,936.50 $ 228,902.66 $ 

2-a Ankura Consulting Group, LLC [Dkt. No. 12180] 2/1 - 5/31/2019 $ 219,612.8 4,069,840.50 $ 1

2-b Ankura Consulting Group, LLC [17-4780 Dkt. No. 1604] 2/1 - 5/31/2019 2,890,183.50 $ 276,996.38 $ 

3 Gierbolini & Carroll Law Offices, PSC [Dkt. No. 8016] 2/1 - 5/31/2019 19,504.00 $ 520.00 $ 

4 Nixon Peabody LLP [Dkt. No. 9538] 2/1 - 5/31/2019 371,931.00 $ - $ 

5 PJT Partners LP [Dkt. No. 8014] 2/1 - 5/31/2019 $ 333.16 5,000,000.00 $ 

6-a Ankura Consulting Group, LLC [Dkt. No. 13725] 6/1 - 9/30/2019 $ 309,366.13 5,355,672.59 $ 

6-b Ankura Consulting Group, LLC [17-4780 Dkt. No. 1788] 6/1 - 9/30/2019 $ 230,089.53 2,778,349.50 $ 

7 Nixon Peabody LLP [Dkt. No. 9539] 6/1 - 9/30/2019 $ - 80,805.00 $ 8 PJT Partners LP [Dkt. No. 9215] 6/1 - 9/30/2019 $ 6,980.89 5,000,000.00 $ 

9-a Ankura Consulting Group, LLC [Dkt. No. 14031] 10/1/2019 - 1/31/2020 4,568,311.20 $ 226,836.98 $ 

9-b Ankura Consulting Group, LLC [17-4780 Dkt. No. 1977] 10/1/2019 - 1/31/2020 2,129,389.00 $ 170,218.54 $ 

10 Nixon Peabody LLP [Dkt. No. 13600] 10/1/2019 - 1/31/2020 $ - 80,352.00 $ 

11 PJT Partners LP [Dkt. No. 12401 ] 10/1/2019 - 1/31/2020 5,000,000.00 $ 19,449.79 $ 

12-a Ankura Consulting Group, LLC [Dkt. No. 14924] 2/1 - 5/31/2020 $ 62,803.01 4,634,422.41 $ 

12-b Ankura Consulting Group, LLC [Dkt. No. 15472 and 17-4780 Dkt. No. 2343] 2/1 - 5/31/2020 2,151,665.50 $ 50,582.41 $ 

13 Nixon Peabody LLP [Dkt. No. 15553] 2/1 - 5/31/2020 $ - 145,126.50 $ 

14 PJT Partners LP [Dkt. No. 14041 ] 2/1 - 5/31/2020 $ 30,021.8 5,000,000.00 $ 6

15-a Ankura Consulting Group, LLC [Dkt. No. 18095] 6/1 - 9/30/2020 $ - 5,079,515.26 $ 

15-b Ankura Consulting Group, LLC [17-4780 Dkt. No. 2377] 6/1 - 9/30/2020 2,119,759.50 $ - $ 

Financial Advisors to PREPAFifth Interim Fee Period (October 1, 2018 - January 31, 2019)Financial Advisors to CommonwealthFinancial Advisors to PREPASixth Interim Fee Period (February 1 - May 31, 2019)Financial Advisors to CommonwealthFinancial Advisors to PREPACounsel to FOMBSpecial Counsel to FOMB - PREPAInvestment Banker and Financial Advisor to FOMBSeventh Interim Fee Period (June 1 - September 30, 2019)Financial Advisors to CommonwealthInvestment Banker and Financial Advisor to FOMBSpecial Counsel to FOMB - PREPAInvestment Banker and Financial Advisor to FOMBEighth Interim Fee Period (October 1, 2019 - January 31, 2020)Financial Advisors to CommonwealthFinancial Advisors to PREPASpecial Counsel to FOMB - PREPAInvestment Banker and Financial Advisor to FOMBNinth Interim Fee Period (February 1, 2020 - May 31, 2020)

Financial Advisors to CommonwealthFinancial Advisors to PREPASpecial Counsel to FOMB - PREPATenth Interim Fee Period (June 1, 2020 - September 30, 2020)Financial Advisors to CommonwealthFinancial Advisors to PREPA

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In re: The Financial Oversight and Management Board for Puerto Rico, as a representative of

The Commonwealth of Puerto Rico, et al.

PROMESA Title III No. 17 BK 3283-LTS

Fifth - Sixteenth Fee Period Applications Deferred: Applicant Compensation Period Interim Fees Requested Fee Examiner's Recommended Fee Adjustments Interim Expenses Requested Fee Examiner's Recommended Expense Adjustments 

16 Nixon Peabody LLP [Dkt. No. 15554] 6-1 - 9/30/2020 $ - 350,033.00 $ 

17 PJT Partners LP [Dkt. No. 15577] 6/1 - 9/30/2020 $ 2,426.81 5,000,000.00 $ 

18-a Ankura Consulting Group, LLC [Dkt. No. 18168] 10/1/2020 - 1/31/2021 4,613,452.36 $ 68,005.73 $ 

18-b Ankura Consulting Group, LLC [Dkt. No. 17831] 10/1/2020 - 1/31/2021 1,850,867.90 $ 36,019.70 $ 

19 PJT Partners LP [Dkt. No. 16945] 10/1/2020 - 1/31/2021 $ - 5,000,000.00 $ 

20 Ankura Consulting Group, LLC [Dkt. No. 19189, 19634 and 17-4780 Dkt. No. 2650] 2/1/2021 - 5/31/2021 5,901,035.25 $ 196,557.40 $ 21 PJT Partners LP [Dkt. No. 19494] 2/1/2021 - 5/31/2021 $ - 5,000,000.00 $ 22 Ankura Consulting Group, LLC [Dkt. No. 22693 and 17-4780 Dkt. No.3054] 6/1/2021 - 9/30/2021 2,021,473.70 $ - $ 

23-a Brown Rudnick LLP [Dkt. No. 19321] 6/1/2021 - 9/30/2021 465,491.50 $ 1,409.10 $ 

23-b Brown Rudnick LLP [17-3566 Dkt. No. 1263] 6/1/2021 - 9/30/2021 800.00 $ - $ 

23-c Brown Rudnick LLP [17-4780 Dkt. No. 2658] 6/1/2021 - 9/30/2021 91,691.00 $ 904.90 $ 

24 O'Neill & Borges LLC [Dkt. No. 22967] 6/1/2021 - 9/30/2021 392,513.85 $ 3,460.20 $ 25 PJT Partners LP [Dkt. No. 19805] 6/1/2021 - 9/30/2021 5,000,000.00 $ - $ 

26-a Brown Rudnick LLP [Dkt. No. 20904] 10/1/2021 - 1/31/2022 187,879.00 $ 1,797.08 $ 

26-b Brown Rudnick LLP [17-3566 Dkt. No. 1343] 10/1/2021 - 1/31/2022 $ 2,676.9 1,348.00 $ 0

26-c Brown Rudnick LLP [17-4780 Dkt. No. 2816] 10/1/2021 - 1/31/2022 $ 26,341.63 572,663.00 $ 

27 Ernst & Young LLP [Dkt. No. 21936] 10/1/2021 - 1/31/2022 10,926,263.15 $ 42,630.73 $ 

28 O'Neill & Borges LLC [Dkt. No. 22969] 10/1/2021 - 1/31/2022 358,713.45 $ 1,131.80 $ 29 PJT Partners LP [Dkt. No. 22697] 10/1/2021 - 1/31/2022 5,000,000.00 $ 3,989.43 $ 

Investment Banker and Financial Advisor to FOMBSpecial Counsel to FOMB - PREPA

Investment Banker and Financial Advisor to FOMBEleventh Interim Fee Period (October 1, 2020 - January 31, 2021)Financial Advisors - CommonwealthFinancial Advisors - PREPAInvestment Banker and Financial Advisor to FOMBTwelfth Interim Fee Period (February 1, 2021 - May 31, 2021)Financial Advisors - PREPAPuerto Rico Counsel to the FOMBInvestment Banker and Financial Advisor to FOMBFourteenth Interim Fee Period (October 1, 2021 - January 31, 2022)

Thirteenth Interim Fee Period (June 1, 2021 - September 30, 2021)Financial Advisors - PREPAClaims Counsel to the FOMB - CommonwealthClaims Counsel to the FOMB - ERSClaims Counsel to the FOMB - PREPAPuerto Rico Counsel to the FOMBInvestment Banker and Financial Advisor to FOMBClaims Counsel to the FOMB - CommonwealthClaims Counsel to the FOMB - ERSClaims Counsel to the FOMB - PREPAFinancial Advisor to the FOMB

 28442036.1 

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In re: The Financial Oversight and Management Board for Puerto Rico, as a representative of

The Commonwealth of Puerto Rico, et al.

PROMESA Title III No. 17 BK 3283-LTS

Fifth - Sixteenth Fee Period Applications Deferred: Applicant Compensation Period Interim Fees Requested Fee Examiner's Recommended Fee Adjustments Interim Expenses Requested Fee Examiner's Recommended Expense Adjustments 

30-a Brown Rudnick LLP [Dkt. No. 21454] 2/1/2022 - 3/15/2022 105,453.00 $ 125.70 $ 

30-b Brown Rudnick LLP [17-3566 Dkt. No. 1355] 2/1/2022 - 3/15/2022 914.00 $ - $ 

30-c Brown Rudnick LLP [17-4780 Dkt. No. 3038] 2/1/2022 - 5/31/2022 101,003.00 $ 149.40 $ 

32 Diaz & Vazquez Law Firm, P.S.C. [Dkt. No. 21898 and 17-4780 Dkt. No. 2929] 10/1/2021 - 5/31/2022 4,453,997.50 $ 35,807.43 $ 

33 Ernst & Young LLP [Dkt. No. 21935] 2/1/2022 - 3/15/2022 3,639,293.65 $ 40,313.49 $ 

34 King & Spalding LLP [Dkt. No. 21497, 21718, 21719 and 17-4780 Dkt. No. 

2891, 2915, 2916] 8/1/2018 - 3/31/2022 28,212,229.38 $ 297,297.70 $ 

35 Moelis & Company LLC [Dkt. No. 22153 and 17-4780 Dkt. No. 2952] 4/15/2022 - 5/31/2022 375,000.00 $ 24,450.69 $ 

36 O'Neill & Borges LLC [Dkt. No. 22971] 2/1/2022 - 5/31/2022 123,255.45 $ 607.20 $ 37 PJT Partners LP [Dkt. No. 22700] 2/1/2022 - 5/31/2022 5,000,000.00 $ 2,153.71 $ 38 Brattle Group, Inc., The [Dkt. No. 22888 and 17-4780 Dkt. No. 3086] 6/1/2022 - 9/30/2022 462,347.00 $ - $ 

39 Brown Rudnick LLP [17-4780 Dkt. No. 3083] 6/1/2022 - 9/30/2022 $ 1,343.3 138,069.00 $ 6

40-a Citigroup Global Markets Inc. [Dkt. No. 23201] 6/1/2022 - 9/30/2022 $ 7,718.4 5,115,000.00 $ 0

40-b Citigroup Global Markets Inc. [Dkt. No. 23202] Success Fee 9,083,750.0 $ - 0 $ 

41 Marini Pietrantoni Muniz LLC [Dkt. No. 23075] 6/1/2022 - 9/30/2022 36,944.50 $ 3.90 $ 

42 Moelis & Company LLC [Dkt. No. 22859 and 17-4780 Dkt. No. 3081] 6/1/2022 - 9/30/2022 750,000.00 $ 17,939.94 $ 

Claims Counsel to the FOMB - PREPAFifteenth Interim Fee Period (February 1, 2022 - May 31, 2022)Claims Counsel to the FOMB - CommonwealthClaims Counsel to the FOMB - ERSFinancial Advisor for the Mediation Team - PREPAPuerto Rico Counsel to the FOMBInvestment Banker and Financial Advisor to FOMBSixteenth Interim Fee Period (June 1, 2022 - September 30, 2022)Puerto Rico Counsel for PREPAFinancial Advisor to the FOMB - CommonwealthCounsel to PREPACounsel to AAFAFFinancial Advisor for the Mediation Team - PREPAInvestment Banker and Financial Advisor to FOMB - PREPA Transaction FeeEconomic Consultant to FOMB - C10 - PREPA Mediation/ConsultingClaims Counsel to the FOMB acting through Special Claims Committee - PREPAInvestment Banker and Financial Advisor to FOMB

 28442036.1 

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EXHIBIT D

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FINAL Fee Applications Deferred: Applicant Compensation Period Final Fees Requested 

 Fee Examiner's 

Recommended Fee 

Adjustments 

 Final Expenses 

Requested 

 Fee Examiner's 

Recommended 

Expense 

Adjustments 

Rec

1-a Alvarez & Marsal North America, LLC [Dkt. No. 23125] 8/2/2018 - 3/15/2022 28,351,249.38 $ 150,220.27 $ 

1-b Alvarez & Marsal North America, LLC [Dkt. No. 23129 and 17- 3566 Dkt. No. 1393] 8/2/2018 - 3/15/2022 3,805,198.30 $ - $ 

1-c Alvarez & Marsal North America, LLC [Dkt. No. 23127 and 19- 5523 Dkt. No. 348] 4/30/2021 - 3/15/2022 195,172.92 $ - $ 

2-a Brown Rudnick [Dkt. No. 21499] 11/2/2018 - 3/15/2022 TBD TBD

2-b Brown Rudnick [17-3566 Dkt. No. 1357] 11/18/2018 - 3/15/2022 TBD TBD

3 Cardona Fernandez, Ileana C. [Dkt. No. 21500] 4/30/2019 - 3/15/2019 TBD TBD

4-a DiCicco, Gulman & Company LLP. [Dkt. No. 21501] 2/26/2019 - 3/15/2022 7,328,471.05 $ - $ 

4-b DiCicco, Gulman & Company LLP. [17-3566 Dkt. No. 1358] 2/26/2019 - 3/15/2022 410,888.91 $ - $ 

4-c DiCicco, Gulman & Company LLP. [19-5523 Dkt. No. 324] 2/26/2019 - 3/15/2022 75,187.50 $ - $ 

5 O'Melveny & Myers [17-3284 Dkt. No. 640] 5/5/2017 - 2/12/2019 8,674,704.03 $ 78,506.01 $ 

6 Wolfe, Andrew [Dkt. No. 21453] 8/1/2017 - 3/15/2022 1,032,404.00 $ 55,168.53 $ 

Claims Counsel to FOMB - ERS

In re: The Financial Oversight and Management Board for Puerto Rico, as a representative of

The Commonwealth of Puerto Rico, et al.

PROMESA Title III No. 17 BK 3283-LTS

Consultants to the FOMB - CommonwealthConsultants to the FOMB - Employee Retirement SystemConsultants to the FOMB - Public Buildings AuthorityClaims Counsel to FOMB - CommonwealthMacroeconomic Consultant to the FOMB - CommonwealthPuerto Rico Conflicts Counsel to FOMBCounsel to AAFAF - COFINAFinancial Advisor to FOMB - CommonwealthFinancial Advisor to FOMB - ERSFinancial Advisor to FOMB -PBA

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EXHIBIT E

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 McKinsey & Company, Inc. 

Title III Fee Summary 

Commonwealth Working Group Team Participation by Month1

Senior 

Partners Partners Associate Partners Engagement Managers2 Associates Business Analysts3 Monthly Fee 

T

Thirteenth Interim Fee Period (June 2021 through September 2021) June 2021 2-PT 3-PT 1-PT 2-FT 2-PT; 1-FT 8-FT $1,417,500.00 July 2021 2-PT 3-PT 1-PT 2-FT 1-PT 1-PT; 7-FT $1,417,500.00 August 2021 2-PT 3-PT 1-PT 2-FT 1-FT; 1-PT 1-PT; 5-FT $1,417,500.00 September 2021 2-PT 3-PT 1-PT 2-FT 0 6-FT $1,417,500.00 

Commonwealth Subtotal Thirteenth Interim Fee Period $5,670,000.00 

Fourteenth Interim Fee Period (October 2021 through January 2022) October 2021 2-PT 3-PT 1-PT 2-FT 0 2-PT; 5-FT $1,417,500.00 November 2021 2-PT 3-PT 1-PT 2-FT 0 1-PT; 5-FT $1,417,500.00 December 2021 2-PT 3-PT 1-PT 2-FT 0 2-PT; 2-FT $1,070,000.004 January 2022 2-PT 3-PT 1-PT 3-FT 0 1-PT; 5-FT $1,417,500.00 

Commonwealth Subtotal Fourteenth Interim Fee Period $5,322,500.00 

Fifteenth Interim Fee Period (February 2022 through March 15, 20225) February 2022 2-PT 3-PT 1-PT 3-FT 1-FT 4-FT $1,040,000.00 March 2022 1-PT 3-PT 1-PT 1-FT 1-FT 3-FT $520,000.006 

Commonwealth Subtotal Fifteenth Interim Fee Period $1,560,000.00 

1 McKinsey provided full time (FT) and part time (PT) designations in its monthly fee statements and interim fee applications. Full tim

was estimated at 60 hours per week; part time team members at 25 hours per week. 

2 Includes Engagement Director and Contact Director. 3 Includes Analysts. 4 McKinsey discounted its December 2021 fees in recognition of lower workload during the holidays. 5 The Fifteenth Interim Fee Period concluded with the effective date of the Commonwealth Plan of Adjustment. 6 Pro-rated for one half month. 

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2 

PREPA Working Group Team Participation by Month

Senior 

Partners Partners Associate Partners Engagement Managers7 Associates Business Analysts8 Monthly Fee 

T

Thirteenth Interim Fee Period (June 2021 through September 2021) June 2021 2-PT 1-PT 0 1-PT; 1-FT 1-FT 0 $326,525.00 July 2021 2-PT 1-PT 0 2-PT; 1-FT 1-PT 1-PT $326,525.00 August 2021 2-PT 1-PT 0 2-PT; 1-FT 0 1-PT $326,525.00 September 2021 2-PT 1-PT 0 2-PT 0 1-PT; 1-FT $326,525.00 

PREPA Subtotal Thirteenth Interim Fee Period $1,306,100.00 

Fourteenth Interim Fee Period (October 2021 through January 2022) October 2021 2-PT 1-PT 1-PT 1-FT 1-FT 1-FT $326,525.00 November 2021 2-PT 1-PT 1-PT 1-FT 2-FT 1-FT $326,525.00 December 2021 2-PT 1-PT 1-PT 1-FT 1-FT 1-FT $268,000.009 January 2022 2-PT 1-PT 1-PT 1-FT 1-FT 0 $740,000.00 

PREPA Subtotal Fourteenth Interim Fee Period $1,661,050.00 

Fifteenth Interim Fee Period (February 2022 through June 2022)10February 2022 2-PT 2-PT 0 1-PT; 1-FT 0 1-FT $740,000.00 March 2022 2-PT 2-PT 0 1-PT; 1-FT 1-FT 1-FT $740,000.00 April 2022 2-PT 2-PT 0 1-PT; 2-FT 1-FT $740,000.00 May 2022 2-PT 1-PT 0 1-PT; 2-FT 1-FT 0 $740,000.00 June 2022 2-PT 1-PT 1-PT 1-PT; 1-FT 2-FT 111 $740,000.00 

PREPA Subtotal Fifteenth Interim Fee Period $3,700,000.00 

7 Includes Engagement Director and Contact Director. 8 Includes Analysts. 9 McKinsey discounted its December 2021 fees in recognition of lower workload during the holidays. 10 By agreement with the Fee Examiner, McKinsey has included June 2022 with its fifteenth interim fee applications. 11 One timekeeper with the title “Associate Intern” worked on the matter during June 2022. That timekeeper’s participation has not bee

rate estimate outlined here. 

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3 

HTA Working Group Team Participation by Month

Senior 

Partners Partners Associate Partners12 Engagement Managers Associates Business Analysts Monthly Fee 

Thirteenth Interim Fee Period (June 2021 through September 2021) June 2021 0 2-PT 1-PT 1-FT 1-PT 1-FT $310,000.00 July 2021 0 2-PT 1-PT 2-FT 0 0 $310,000.00 August 2021 0 2-PT 1-PT 1-FT 0 0 $310,000.00 September 2021 0 2-PT 1-PT 1-FT 1-PT 0 $310,000.00 

HTA Subtotal Thirteenth Interim Fee Period $1,240,000.00 

Fourteenth Interim Fee Period (October 2021 through January 2022) October 2021 0 2-PT 1-PT 1-FT 1-FT 0 $310,000.00 November 2021 0 2-PT 1-PT 1-FT 1-FT 0 $310,000.00 December 2021 0 2-PT 1-PT 1-FT 1-FT 0 $255,000.0013 January 2022 0 3-PT 1-PT 1-FT 1-FT 0 $310,000.00 

HTA Subtotal Fourteenth Interim Fee Period $1,185,000.00 

Fifteenth Interim Fee Period (February 2022 through June 202214) February 2022 0 2-PT 1-PT 1-PT; 1-FT 1-FT 2-FT $310,000.00 March 2022 0 2-PT 1-PT 0 1-FT 2-FT $310,000.00 April 2022 0 3-PT 1-PT 0 0 2-FT $310,000.00 May 2022 0 3-PT 1-PT 0 0 1-FT $310,000.00 June 2022 0 3-PT 1-PT 0 015 1-FT $310,000.00 

HTA Subtotal Fifteenth Interim Fee Period $1,550,000.00 

12 Includes Practice Expert. 13 McKinsey discounted its December 2021 fees in recognition of lower workload during the holidays. 14 By agreement with the Fee Examiner, McKinsey included June 2022 with its fifteenth interim fee application. 15 One Summer Associate worked on the HTA matter in June 2022. Their time has been excluded from the hourly rate calculation. 

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4 

Totals for All Working Groups: Thirteenth, Fourteenth, and Fifteenth Interim Fee Periods (June 20

Fees Hou

Commonwealth Thirteenth Interim Fee Period (June 2021-September 2021) $5,670,000.00 11,4Fourteenth Interim Fee Period (October 2021-January 2022) $5,322,500.00 9,2Fifteenth Interim Fee Period (February 2022-March 15, 2022) $1,560,000.00 4,2PREPA Thirteenth Interim Fee Period (June 2021-September 2021) $1,306,100.00 3,7Fourteenth Interim Fee Period (October 2021-January 2022) $1,661,505.00 4,0Fifteenth Interim Fee Period (February 2022-June 2022) $3,700,000.00 5,6HTA Thirteenth Interim Fee Period (June 2021-September 2021) $1,240,000.00 28Fourteenth Interim Fee Period (October 2021-January 2022) $1,185,000.00 3,2Fifteenth Interim Fee Period (February 2022-June 2022) $1,550,000.00 4,5

Grand Total $23,195,105.00 48,8

28618015.4 

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ATTACHMENT 1 

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UNITED STATES DISTRICT COURT 

FOR THE DISTRICT OF PUERTO RICO 

In re 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO, 

As a representative of 

THE COMMONWEALTH OF PUERTO RICO

et al., 

Debtors.1

) 

) 

) 

) 

) 

) 

) 

) 

) 

)

) 

)

)

)

)

)

)

)

) 

PROMESA 

Title III 

No. 17 BK 3283-LTS 

(Jointly Administered) 

Re: ECF Dkt. Nos. 21098, 21181, 21182, 

21546, 21871, 21872, 21873, 22646, 22647, 

22713, 22868, 22873, 22874, 22875, 22876, 

22877, 22879, 22880, 22885, 22892, 22894, 

22895, 22908, 22946 

Case No. 17-3567 Dkt. Nos. 1221, 1222, 

1421, 1442, 1464 

Case No. 17-4780 Dkt. Nos. 2844, 2845, 

3051, 3077, 3079, 3152 

OMNIBUS ORDER AWARDING: (I.) INTERIM ALLOWANCE OF COMPENSATION 

FOR PROFESSIONAL SERVICES RENDERED AND REIMBURSEMENT OF 

EXPENSES FOR THE SIXTEENTH INTERIM (JUNE 1, 2022 – SEPTEMBER 30, 2022) 

AND PRIOR COMPENSATION PERIODS; (II.) FINAL ALLOWANCE OF 

COMPENSATION FOR PROFESSIONAL SERVICES RENDERED AND 

REIMBURSEMENT OF EXPENSES FOR THE FINAL FEE PERIOD FOR CERTAIN 

PROFESSIONALS 

This matter coming before the Court on the interim fee applications (together Docket 

Entry Nos. 21098, 21181, 21182, 21546, 21871, 21872, 21873, 22646, 22647, 22713, 22868, 

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 (“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); and, (v) Puerto Rico Electric Power Authority (“PREPA”) (Bankruptcy Case 

No. 17 BK 4780-LTS) (Last Four Digits of Federal Tax ID: 3747) 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). 

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2 

22873, 22874, 22875, 22876, 22877, 22879, 22880, 22885, 22892, 22894, 22895, 22908, 22946 

[Case No. 17-3283], 1221, 1222, 1421, 1442, 1464 [Case No. 17-3567], 2844, 2845, 3051, 3077, 

3079, 3152 [Case No. 17-4780], the (“Applications”)), all as indicated as “Recommended for 

Approval” on the attached Exhibit A and Exhibit B, pursuant to sections 316 and 317 of the 

Puerto Rico Oversight, Management, and Economic Stability Act (“PROMESA), Pub. L. 

No. 114-187, §§ 316, 317, 130 Stat., 549, 584-85 (2016), and Rule 2016 of the Local Rules of 

Bankruptcy Practice and Procedure of the U.S. Bankruptcy Court for the District of Puerto Rico, 

for the interim allowance of certain fees, including all holdbacks and expenses incurred by the 

Applicants for the specific period of time set forth in each of the Applications (the 

“Compensation Periods”); filed in accordance with the Order Setting Procedures for Interim 

Compensation and Reimbursement of Expenses for Professionals [Dkt. No. 1150] (the “Interim 

Compensation Order”); the First Amended Order Setting Procedures for Interim Compensation 

and Reimbursement of Expenses of Professionals [Dkt. No. 1715] (the “First Amended Interim 

Compensation Order”); the Second Amended Order Setting Procedures for Interim 

Compensation and Reimbursement of Expenses of Professionals [Dkt. No. 3269] (the “Second 

Amended Interim Compensation Order”); the Third Amended Order Setting Procedures for 

Interim and Final Compensation and Reimbursement of Expenses of Professionals [Dkt. No. 

20546] (the “Third Amended Interim Compensation Order”); the Order Pursuant to 

PROMESA Sections 316 and 317 and Bankruptcy Code Section 105(A) Appointing a Fee 

Examiner and Related Relief [Dkt. No. 1416] (the “Fee Examiner Order”); and the First 

Amended Order Pursuant to PROMESA Sections 316 and 317 and Bankruptcy Code 

Section 105(A) Appointing a Fee Examiner and Related Relief [Dkt. No. 3324] (the “First 

Amended Fee Examiner Order”); and the Court having reviewed the Applications and/or the 

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3 

report filed by the Fee Examiner with respect to the Applications [see Dkt. No. ____]; and the 

Court finding that: (a) the Court has jurisdiction over this matter pursuant to PROMESA 

section 306(a); and (b) notice of the Applications and the hearing thereon being adequate under 

the circumstances; and (c) all parties with notice of the Applications having been afforded the 

opportunity to be heard on the Applications; 

IT IS HEREBY ORDERED THAT: 

1. The Applications are GRANTED on an interim basis as set forth on the attached 

Exhibit A. 

2. Each of the Applicants is allowed (a) interim compensation for services rendered 

during the Compensation Periods and (b) interim reimbursement for actual and necessary 

expenses incurred during the Compensation Periods, each in the respective and adjusted amounts 

set forth on the attached Exhibit A, including, except as otherwise indicated, any and all 

holdbacks. 

3. To the extent not already paid pursuant to the Interim Compensation Order, the 

Debtors are hereby authorized and directed to pay each of the Applicants 100 percent of the fees 

and 100 percent of the expenses listed on Exhibit A under the columns “Interim Fees 

Recommended for Approval” and “Interim Expenses Recommended for Approval,” respectively, 

for services rendered and expenses incurred during the Compensation Periods. 

4. The Applications listed on the attached Exhibit B are GRANTED on a final basis. 

To the extent not already paid pursuant to the Interim Compensation Order, the Debtors are 

hereby authorized and directed to pay the Applicants listed on Exhibit B 100 percent of the fees 

and 100 percent of the expenses listed under the columns “Final Fees Recommended for 

Approval” and “Final Expenses Recommended for Approval.” 

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4 

5. Pursuant to the Fee Examiner’s report, the interim fee applications listed on 

Exhibit C and the final applications listed on Exhibit D of the report Docket Entry Nos. 640 

[Case No. 17-3284], 1263, 1343, 1355, 1357, 1358, 1393 [Case No. 17-3566], 1137, 1604, 1788, 

1977, 2343, 2377, 2650, 2658, 2816, 2891, 2915, 2916, 2929, 2952, 3038, 3054, 3081, 3083, 

3086 [Case No. 17-4780], 8014, 8016, 8454, 9215, 9538, 9539, 12180, 12401, 13600, 13725, 

14031, 14041, 14924, 15472, 15553, 15554, 15577, 16945, 17831, 18095, 18168, 19189, 19321, 

19494, 19634, 19805, 20904, 21453, 21454, 21497, 21499, 21500, 21501, 21718, 21719, 21898, 

21935, 21936, 22153, 22693, 22697, 22700, 22859, 22888, 22967, 22969, 22971, 23075, 23125, 

23127, 23129, 23201, 23202 [Case No. 17-3283], 324, 348 [Case No. 19-5523] remain 

adjourned for consideration at a later hearing date. 

6. This Order resolves Docket Entry Nos. 21098, 21181, 21182, 21546, 21871, 

21872, 21873, 22646, 22647, 22713, 22868, 22873, 22874, 22875, 22876, 22877, 22879, 22880, 

22885, 22892, 22894, 22895, 22908, 22946 [Case No. 17-3283], 1221, 1222, 1421, 1442, 1464 

[Case No. 17-3567], 2844, 2845, 3051, 3077, 3079, 3152 [Case No. 17-4780]. 

SO ORDERED. 

Dated: January ____, 2023 

 

LAURA TAYLOR SWAIN 

United States District Judge 

28690195.1 

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In re: The Financial Oversight and Management Board for Puerto Rico, as a representative of

The Commonwealth of Puerto Rico, et al.

PROMESA Title III No. 17 BK 3283-LTS

Thirteenth - Sixteenth Fee Period Applications Recommended: Applicant Compensation Period Interim Fees Requested Fee Examiner's Recommended Fee Adjustments Interim Expenses Requested Fee Examiner's Recommended Expense Adjustments 

1 Ernst & Young LLP [Dkt. No. 21098] 6/1/2021 - 9/30/2021 9,039,848.45 $ 57,553.31 $ 40,270.76 $ 10,980.89 $ 

2-a McKinsey & Company Puerto Rico Consulting, Inc. [Dkt. No. 21181] 6/1/2021 - 9/30/2021 5,670,000.00 $ - $ - $ - $ 

2-b McKinsey & Company Puerto Rico Consulting, Inc. [17-3567 Dkt. No. 1221] 6/1/2021 - 9/30/2021 1,240,000.00 $ - $ - $ - $ 

2-c McKinsey & Company Puerto Rico Consulting, Inc. [17-4780 Dkt. No. 2844] 6/1/2021 - 9/30/2021 1,306,100.00 $ - $ - $ - $ 

3-a Brattle Group, Inc., The [Dkt. No. 21871] 10/1/2021 - 1/31/2022 $ - 219,185.50 $ - $ - $ 

3-b Brattle Group, Inc., The [Dkt. No. 21873] 10/1/2021 - 1/31/2022 $ - 57,415.37 $ - $ - $ 

4-a McKinsey & Company Puerto Rico Consulting, Inc. [Dkt. No. 21182] 10/1/2021 - 1/31/2022 5,322,500.00 $ - $ - $ - $ 

4-b McKinsey & Company Puerto Rico Consulting, Inc. [17-3567 Dkt. No. 1222] 10/1/2021 - 1/31/2022 1,185,000.00 $ - $ - $ - $ 

4-c McKinsey & Company Puerto Rico Consulting, Inc. [17-4780 Dkt. No. 2845] 10/1/2021 - 1/31/2022 1,661,050.00 $ - $ - $ - $ 

5-a Brattle Group, Inc., The [Dkt. No. 21872] 10/1/2021 - 3/15/2022 $ - 78,778.80 $ - $ - $ 

5-b Brattle Group, Inc., The [Dkt. No. 22646 and 17-3567 Dkt. No. 1421] 2/1/2022 - 5/31/2022 429,915.50 $ 5,000.00 $ 69.65 $ - $ 

5-c Brattle Group, Inc., The [Dkt. No. 22647 and 17-4780 Dkt. No. 3051] 2/1/2022 - 5/31/2022 173,215.00 $ - $ - $ - $ 

6 Continental PLLC [Dkt. No. 22713] 2/1/2022 - 5/31/2022 $ 648.82 199,393.20 $ 63.96 $ - $ 

7-a McKinsey & Company Puerto Rico Consulting, Inc. [Dkt. No. 21546] 2/1/2022 - 3/15/2022 1,560,000.00 $ - $ - $ - $ 

7-b McKinsey & Company Puerto Rico Consulting, Inc. [17-3567 Dkt. No. 1464] 2/1/2022 - 6/30/2022 1,550,000.00 $ - $ - $ - $ 

7-c McKinsey & Company Puerto Rico Consulting, Inc. [17-4780 Dkt. No. 3152] 2/1/2022 - 6/30/2022 3,700,000.00 $ - $ - $ - $ 

Consultant to FOMB - PREPASpecial Litigation Counsel to the Official Committee of Unsecured CreditorsConsultant to FOMB - CommonwealthConsultant to FOMB - HTAEconomic Consultant to Proskauer Rose LLP as Counsel to FOMB - Assessment of House Bill 3Economic Consultant to Proskauer Rose LLP as Counsel to FOMB - HTA - Toll Fare AnalysisEconomic Consultant to Proskauer Rose LLP as Counsel to FOMB - PREPA - PREPA Mediation/ConsultingConsultant to FOMBConsultant to FOMB - HTAConsultant to FOMB - PREPAFifteenth Interim Fee Period (February 1, 2022 - May 31, 2022)Economic Consultant to Proskauer Rose LLP as Counsel to FOMB - Title III Expert SupportEconomic Consultant to Proskauer Rose LLP as Counsel to FOMB - CommonwealthConsultant to FOMB - CommonwealthConsultant to FOMB - HTAConsultant to FOMB - PREPAFourteenth Interim Fee Period (October 1, 2021 - January 31, 2022)

Thirteenth Interim Fee Period (June 1, 2021 - September 30, 2021)Financial Advisor to FOMB

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In re: The Financial Oversight and Management Board for Puerto Rico, as a representative of

The Commonwealth of Puerto Rico, et al.

PROMESA Title III No. 17 BK 3283-LTS

Thirteenth - Sixteenth Fee Period Applications Recommended: Applicant Compensation Period Interim Fees Requested Fee Examiner's Recommended Fee Adjustments Interim Expenses Requested Fee Examiner's Recommended Expense Adjustments 

8 Alvarez & Marsal North America, LLC [Dkt. No. 22885 and 17-3567 Dkt. No. 1442] 6/1/2022 - 9/30/2022 175,752.36 $ - $ 1,935.89 $ 189.42 $ 

9 Bennazar, Garcia & Milan, C.S.P. [Dkt. No. 22908] 6/1/2022 - 9/30/2022 89,800.00 $ 250.00 $ 702.93 $ - $ 

10 Cardona Fernandez, Ileana C. [17-4780 Dkt. No. 3077] 6/1/2022 - 9/30/2022 $ - 11,745.00 $ 900.00 $ - $ 

11 Casillas, Santiago & Torres [Dkt. No. 22873] 6/1/2022 - 9/30/2022 $ - 190,412.50 $ 976.30 $ - $ 12 Continental PLLC [Dkt. No. 22875] 6/1/2022 - 9/30/2022 $ 711.18 218,556.80 $ 1,813.5 $ - 8 $ 

13 DGC, a division of PKF O'Connor Davies, LLP [17-4780 Dkt. No. 3079] 6/1/2022 - 9/30/2022 112,012.50 $ - $ - $ - $ 

14 FTI Consulting, Inc. [Dkt. No. 22868] 6/1/2022 - 9/30/2022 53,572.00 $ 2,284.89 $ - $ - $ 15 Genovese Joblove & Battista, P.A. [Dkt. No. 22880] 1/1/2022 - 7/31/2022 117,740.40 $ - $ 11,922.93 $ 539.10 $ 16 Jenner & Block LLP [Dkt. No. 22892] 6/1/2022 - 9/30/2022 126,558.20 $ 10,964.18 $ 6,994.75 $ - $ 

17 Kroma Advertising, Inc. [Dkt. No. 22877] 4/16/2022 - 8/15/2022 $ - 20,000.00 $ - $ - $ 

18 London Economics International LLC [Dkt. No. 22876] 6/1/2022 - 9/30/2022 424,305.00 $ 2,735.50 $ 7,934.50 $ - $ 

19 Marchand ICS Group [Dkt. No. 22946] 6/1/2022 - 9/30/2022 26,265.00 $ - $ 92.13 $ - $ 

20 Paul Hastings LLP [Dkt. No. 22879] 6/1/2022 - 9/30/2022 1,145,246.50 $ 70,240.31 $ 7,356.79 $ - $ FN1 

21 Zolfo Cooper, LLC [Dkt. No. 22874] 6/1/2022 - 9/30/2022 $ 94.86 170,417.00 $ - $ - $ FN2 

Financial Advisor to the Official Committee of Unsecured Creditors

FN2 - The Fee Examiner recommends that the foregoing stipulated fee reductions be included with the agreed overall 20 percent reduction in total fees sought by Zolfo Cooper, LLC as part of its final fee applicaapproval.

Communications Advisor to the Official Committee of Unsecured CreditorsFinancial Advisor to the Official Committee of Unsecured CreditorsInformation Agent to the Official Committee of Retired EmployeesCounsel to the Official Committee of Unsecured Creditors

FN1 - The Fee Examiner recommends that, for the sixteenth interim fee period, and only this period, the foregoing stipulated fee reductions, other than $38,712.66, on account of certain negotiated reductions, 

reduction, as agreed by Paul Hastings LLP, in total fees sought by Paul Hastings LLP as part of its final fee application, which fee application is subject to Court approval. To the extent not already paid pursuant t

are authorized and directed to pay Paul Hastings LLP 80 percent of the fees in the amount of $1,106,533.84 (i.e., $1,145,246.50 minus the aforementioned credit of $38,712.66).

Special Litigation Counsel to the Official Committee of Unsecured CreditorsFinancial Advisor to FOMB acting through Special Claims Committee - PREPAFinancial Advisor to the Official Committee of Retired EmployeesSpecial Litigation Counsel to Official Committee of Unsecured CreditorsCounsel to the Official Committee of Retired EmployeesPuerto Rico Counsel for the Official Committee of Retired EmployeesPuerto Rico Conflicts Counsel to the FOMB acting through Special Claims Committee - PREPAPuerto Rico Conflicts Counsel to the Official Committee of Unsecured CreditorsSixteenth Interim Fee Period (June 1, 2022 - September 30, 2022)Advisor to the FOMB - HTA

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FINAL Fee Applications Recommended: Applicant Compensation Period Final Fees Requested 

 Fee Examiner's 

Recommended Fee 

Adjustments 

 Final Expenses 

Requested 

 Fee Examiner's 

Recommended 

Expense 

Adjustments 

Re

1 Deloitte Consulting LLP [Dkt. No. 22895] 8/1/2018 - 1/31/2019 2,291,428.68 $ - $ 263,327.78 $ - $ 

$ 

2 Deloitte Financial Advisory Services LLP [Dkt. No. 22894] 5/3/2017 - 11/30/2019 23,924,332.83 $ - $ 1,269,767.31 $ - $ 

$ 

Debtors' ConsultantFinancial Advisor to Debtors

In re: The Financial Oversight and Management Board for Puerto Rico, as a representative of

The Commonwealth of Puerto Rico, et al.

PROMESA Title III No. 17 BK 3283-LTS

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Case:17-03283-LTS Doc#:23387 Filed:01/25/23 Entered:01/25/23 20:15:04 Desc: 

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