Exhibit D 

Budget and Staffing Plan

Case:17-03283-LTS Doc#:23919-4 Filed:03/31/23 Entered:03/31/23 18:33:30 Desc:

Exhibit D Page 1 of 5
Exhibit D-1 

Budget Plan for the Compensation Period

Case:17-03283-LTS Doc#:23919-4 Filed:03/31/23 Entered:03/31/23 18:33:30 Desc:

Exhibit D Page 2 of 5
Actual Fees Estimated Fees Actual Fees Estimated Fees Actual Fees Estimated 

33260.0022 PROMESA TITLE III: PREPA 225,913.90 $ 250,000.00 $ 331,723.30 $ 350,000.00 $ 268,373.60 $ 290,0

$ 

33260.0030 PREPA - PR TIME (on-island fees) 170.60 $ - $ - $ - $ - $ 

$ 

33260.0054 PREPA TITLE III - PREC 18,680.70 $ 20,000.00 $ 23,713.40 $ 20,000.00 $ 18,248.50 $ 20,0

$ 

33260.0055 PREPA TITLE III - VITOL - $ - $ - $ - $ 170.60 $ 

33260.0056 PREPA TITLE III - UTIER CBA 234,023.70 $ 265,000.00 $ 261,755.00 $ 265,000.00 $ 250,919.70 $ 265,0

$ 

33260.0059 PREPA TITLE III - MISCELLANEOUS 79,577.80 $ 100,000.00 $ 426.50 $ - $ 11,430.20 $ 10,0

$ 

33260.0085 PREPA TITLE III - COBRA ACQUISITION LLC 87,942.10 $ 100,000.00 $ 58,443.20 $ 75,000.00 $ 59,624.70 $ 75,0

$ 

33260.0095 PREPA TITLE III - INSURANCE COVERAGE ADVICE 426.50 $ - $ 1,450.10 $ 2,500.00 $ - $ 2,5

$ 

33260.0102 PREPA TITLE III - CATESBY JONES 64,029.90 $ 75,000.00 $ 13,392.10 $ 25,000.00 $ 8,530.00 $ 15,0

$ 

33260.0105 PREPA TITLE III - PV PROPERTIES, INC. 170.60 $ - $ 938.30 $ - $ - $ 

$ 

33260.0110 UTIER/LUMA ADVERSARY PROCEEDING 217,862.30 $ 250,000.00 $ 45,806.10 $ 65,000.00 $ - $ 10,0

$ 

33260.0111 SREAEE v. PIERLUISI 1,023.60 $ 2,000.00 $ 8,871.20 $ 10,000.00 $ - $ 

$ 

$ 1,062,000.00 929,821.70 $ 746,519.20 $ 812,500.00 $ 617,297.30 $ 687,5

$ 

 Percent Variance (Actual vs. Budgeted Fees) PREPA TOTAL ESTIMATED FEES Compensation Period (June 2021 - September 2021) TOTAL:  ACTUAL FEES Compensation Period (June 2021 - September 2021) TOTAL: 

June 2021 July 2021 August 2021 

Matter No. Matter

Case:17-03283-LTS Doc#:23919-4 Filed:03/31/23 Entered:03/31/23 18:33:30 D

Exhibit D Page 3 of 5
Exhibit D-2 

Staffing Plan for the Compensation Period 

Case:17-03283-LTS Doc#:23919-4 Filed:03/31/23 Entered:03/31/23 18:33:30 Desc:

Exhibit D Page 4 of 5
Staffing Plan for the Compensation Period1

Category of Timekeeper2 Number of 

Timekeepers Expected 

to Work on The Matter 

During the Budget Period3

Average Hourly Rate4

Partners 27 $853 

Senior Counsel 6 $853 

Associates 38 $853 

e-Discovery Attorneys 5 $421 

Paraprofessionals 16 $291 

Total: 92 

1

 The actual number of timekeepers who worked on this matter during the Compensation Period was 81, and thus 

11 fewer than anticipated. 

2

 Attorney Practice Groups: BSGR&B, Litigation, Labor & Employment, Tax, and Corporate. 

3

 The chart reflects Proskauer’s staffing plan for the designated period based on currently foreseeable activities. 

Actual staffing needs, including additional attorneys, may vary materially based on actual facts and circumstances 

arising in the designated period, including as a result of currently unanticipated disputes. The staffing plan 

currently includes attorneys from the BSGR&B, Litigation, Labor & Employment, Tax, and Corporate practice 

groups. The expertise of attorneys from other specialized areas is likely to be required during the course of these 

PROMESA Title III cases. 

4

 Pursuant to the Engagement Letter, Proskauer’s rates increased 4% effective January 1, 2021, yielding a new flat 

rate for attorneys (partners, senior counsel, and associates) of $853 per hour, for e-discovery attorneys of $421 per 

hour, and for paraprofessionals of $291 per hour. Rates have not increased during this Compensation Period. 

Case:17-03283-LTS Doc#:23919-4 Filed:03/31/23 Entered:03/31/23 18:33:30 Desc:

Exhibit D Page 5 of 5