UNITED STATES DISTRICT COURT

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. 

PROMESA

Title III

No. 17-BK-4780-LTS

(Jointly Administered)

INFORMATIVE MOTION OF FINANCIAL OVERSIGHT AND MANAGEMENT

BOARD REGARDING FEBRUARY 28, 2023, DISCLOSURE STATEMENT HEARING

To the Honorable United States District Judge Laura Taylor Swain: 

Pursuant to the Court’s Order Regarding Procedures for February 28, 2023, Disclosure 

Statement Hearing [Case No. 17-3283, ECF No. 23525; Case No. 17-4780, ECF No. 3212], the

Financial Oversight and Management Board for Puerto Rico (the “Oversight Board”), as sole Title 

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-BK3283-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-5233-

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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III representative of the Puerto Rico Electric Power Authority (“PREPA” or the “Debtor”) pursuant 

to section 315(b) of the Puerto Rico Oversight, Management, and Economic Stability Act

(“PROMESA”),2 respectfully states as follows:

1. The following parties will appear on behalf of the Oversight Board: (i) Martin J. 

Bienenstock, mbienenstock@proskauer.com; (ii) Ehud Barak, ebarak@proskauer.com; (iii) Paul 

V. Possinger, ppossinger@proskauer.com; (iv) Margaret A. Dale, mdale@proskauer.com; (v) 

Laura Stafford, lstafford@proskauer.com; and (vi) Steve Y. Ma, sma@proskauer.com of 

Proskauer Rose LLP. 

2. Martin J. Bienenstock, Ehud Barak, Paul V. Possinger, Margaret A. Dale, Laura 

Stafford, and Steve Y. Ma reserve the right to be heard on any matter presented to the Court and 

to respond to any statements made by any party in connection with the above-captioned Title III 

cases to the extent it impacts the interests of the Oversight Board or the Debtor.

[Remainder of page intentionally left blank]

 

2 PROMESA has been codified at 48 U.S.C. §§ 2101–2241.

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WHEREFORE, the parties respectfully request that the Court take notice of the foregoing. 

Dated: February 21, 2023

San Juan, Puerto Rico

Respectfully submitted,

/s/ Martin J. Bienenstock

Martin J. Bienenstock 

Paul V. Possinger 

Ehud Barak 

Margaret A. Dale

Michael T. Mervis

Daniel S. Desatnik

(Admitted Pro Hac Vice) 

PROSKAUER ROSE LLP

Eleven Times Square

New York, NY 10036 

Tel: (212) 969-3000 

Fax: (212) 969-2900 

Email: mbienenstock@proskauer.com 

 ppossinger@proskauer.com 

 ebarak@proskauer.com 

 ddesatnik@proskauer.com 

Attorneys for the Financial 

Oversight and Management Board 

as representative for PREPA

/s/ Hermann D. Bauer 

Hermann D. Bauer

USDC No. 215205 

O’NEILL & BORGES LLC

250 Muñoz Rivera Ave., Suite 800 

San Juan, PR 00918-1813 

Tel: (787) 764-8181 

Fax: (787) 753-8944 

Email: hermann.bauer@oneillborges.com 

Co-Attorney for the Financial Oversight and 

Management Board as representative for 

PREPA

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