Estimated Hearing Date: May 31, 2023 at 10:00 a.m. (Atlantic Standard Time)

Objection Deadline: April 6, 2023 at 4:00 p.m. (Atlantic Standard Time)

 UNITED STATES DISTRICT COURT 

DISTRICT OF PUERTO RICO

----------------------------------------------------------x

In re: PROMESA 

Title III 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO 

RICO, 

Case No. 17 BK 3283-LTS 

as representative of (Jointly Administered)

THE COMMONWEALTH OF PUERTO RICO, 

et al.,

Debtors.1

----------------------------------------------------------x

In re: PROMESA 

Title III 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO 

RICO, 

Case No. 17 BK 4780-LTS 

as representative of (Jointly Administered)

PUERTO RICO ELECTRIC POWER 

AUTHORITY,

This Notice relates only to

PREPA, and shall be filed in the

lead Case No. 17 BK 3283-LTS,

and PREPA’s Title III Case

(Case No. 17 BK 4780-LTS)

Debtor.

----------------------------------------------------------x

SUMMARY OF NINTH INTERIM APPLICATION OF NORTON ROSE FULBRIGHT 

US LLP FOR ALLOWANCE OF COMPENSATION FOR SERVICES RENDERED AND 

FOR REIMBURSEMENT OF EXPENSES AS SPECIAL DEBT FINANCING COUNSEL 

TO PUERTO RICO ELECTRIC POWER AUTHORITY FOR THE PERIOD FROM 

OCTOBER 1, 2022 THROUGH JANUARY 31, 2023

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). (Title III case numbers are listed as Bankruptcy Case numbers due to software 

limitations).

Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 1 of 38
- 2 - 

Name of Applicant: Norton Rose Fulbright US LLP (“NRF”)

Authorized to provide professional services to: Puerto Rico Electric Power Authority 

(“PREPA”)

Period for which compensation and 

reimbursement are sought: 

October 1, 2022 through January 31, 2023

Amount of compensation (as invoiced and 

reported in the Monthly or Bi-Monthly Fee 

Statements):

$40,474.50

Amount of Expense Reimbursement sought as 

actual, reasonable, and necessary:

$0.002

Total compensation approved by interim order to 

date:

$1,133,103.05

This is a(n): __ monthly X interim __ final application

• Blended Rate in this application for attorneys during the Compensation Period in 2022: 

$797.00/hr. 

• Blended Rate in this application for all timekeepers during the Compensation Period in 2022: 

$742.00/hr. 

• Blended Rate in this application for attorneys during the Compensation Period in 2023: 

$841.00/hr. 

• Blended Rate in this application for all timekeepers during the Compensation Period in 2023: 

$780.00/hr. 

2 NRF incurred a total of $0.15 in photocopying charges during the Compensation Period. NRF will not seek 

compensation for this amount.

Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 2 of 38
- 3 - 

All Prior Monthly or Bi-Monthly Fee Statements:

Compensation Period Fees Requested Expenses Requested

September 14, 2018 – September 30, 2018 $79,605.00 $0.00 

October 1, 2018 – October 31, 2018 $145,429.00 $0.00 

November 1, 2018 – November 30, 2018 $89,240.50 $0.00 

December 1, 2018 – December 31, 2018 $108,464.00 $0.00 

January 1, 2019 – January 31, 2019 $81,591.00 $0.00 

February 1, 2019 – February 28, 2019 $33,868.00 $0.00 

March 1, 2019 – March 31, 2019 $134,780.50 $0.00 

April 1, 2019 – April 30, 2019 $118,478.00 $0.00 

May 1, 2019 – May 31, 2019 $94,653.50 $0.00 

June 1, 2019 – June 30, 2019 $52,356.00 $0.00 

October 1, 2019 – October 31, 2019 $10,095.00 $0.00 

November 1, 2019 - November 30, 2019 $19,146.50 $0.00 

December 1, 2019 – December 31, 2019 $8,981.00 $0.00 

January 1, 2020 – January 31, 2020 $3,963.50 $0.00 

February 1, 2020 – February 29, 2020 $10,115.00 $0.00 

March 1, 2020 – March 31, 2020 $21,192.00 $0.00 

April 1, 2020 – April 30, 2020 $3,228.00 $0.00 

May 1, 2020 – May 31, 2020 $2,527.50 $0.00 

June 1, 2020 – June 30, 2020 $17,460.00 $0.00 

August 1, 2021 – September 30, 20213 $8,528.00 $0.004

October 1, 2021 – November 30, 2021 $33,707.00 $0.00 

December 1, 2021 – January 31, 2022 $85,298.50 $0.00 

February 1, 2022 – March 31, 2022 $60,147.00 $0.00

April 1, 2022 – May 31, 2022 $30,601.50 $0.00

June 1, 2022 – June 30, 2022 $91,629.50 $0.00

August 30, 2022 – September 30, 2022 $29,751.00 $0.00

October 1, 2022 – November 30, 2022 $15,217.50 $0.00

December 1, 2022 – January 31, 2023 $25,257.00 $0.00

TOTAL: $1,415,311.00 $0.00 

3 The term of the 2021-2022 PSA began on July 1, 2021, although NRF did not begin providing services until the 

month of August, 2021. 

4 With the approval of the Fee Examiner and beginning with the months of August and September, 2021, NRF 

began submitting Fee Statements on a bi-monthly basis, rather than monthly, in an effort to reduce the costs of 

complying with the Fee Examiner Guidelines and this Court’s rules. 

Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 3 of 38
- 4 - 

All Payments Made to Date:

Total Payments to Date Fees Paid Expenses Paid

September 14, 2018 – January 31, 2023 $1,178,714.745 N/A

5 This payment chart reflects all payments made through and including February 28, 2023. The payment chart 

does not include any holdback amounts that may be permitted under the Interim Compensation Order or the Fee 

Examiner Guidelines.

Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 4 of 38
- 5 - 

TABLE OF SCHEDULES AND EXHIBITS

Schedule A – List and Summary of Hours by Professional

Schedule B – Summary of Hours and Compensation by Matter Code

Schedule C – Expense Summary

Schedule D – Customary and Comparable Disclosures

Exhibit A – Attorney Certification

Exhibit B – Detailed Time and Expense Records for October 1, 2022 through January 31, 

2023

Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 5 of 38
- 6 - 

Schedule A

LIST AND SUMMARY OF HOURS AND COMPENSATION BY PROFESSIONAL 

Name Title or 

Position 

Area of 

Practice

Home Office 

Location 

Hourly 

Rate Billed 

in this 

Application

(As 

Invoiced) 

Hours Billed 

in this 

Application

Total 

Compensation

(As Invoiced)6

Lawrence 

A. Bauer 

Partner Public 

Finance 

New York $930.00 15.90 $14,787.00 

Rebecca J. 

Winthrop

Partner Bankruptcy Los Angeles $780.00 30.00 $23,400.00 

Tom Scott Senior 

Paralegal

Finance New York $450.00 2.60 $1,170.00 

Tom Burns Case 

Manager

Bankruptcy Los Angeles $300.00 3.70 $1,117.50 

TOTAL 52.20 $40,474.50

6 No time entries are travel-related.

Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 6 of 38
- 7 - 

Schedule B

SUMMARY OF HOURS AND COMPENSATION BY MATTER CODE

Task 

Code

Task Total 

Billed 

Hours

Total Fees 

Requested (As 

Invoiced)

B110 Administration/Case Administration 1.90 $1,194.00 

B160 Preparation of Monthly Fee Statements and 

Interim Fee Applications

31.80 $23,323.50 

P220 Legacy PREPA Bonds/Other 18.50 $15,957.00 

TOTAL $40,474.50 

Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 7 of 38
- 8 - 

Schedule C

EXPENSE SUMMARY

Category Amount

None $0.007

TOTAL $0.00 

7 NRF incurred a total of $0.15 in photocopying charges during the Compensation Period but will not seek 

compensation for these charges. 

Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 8 of 38
- 9 - 

Schedule D

CUSTOMARY AND COMPARABLE DISCLOSURES

Category of Timekeeper Blended Weighted Hourly Rate During the Compensation 

Period

Billed NRF’s Domestic Offices 

for FY 2022 (Excluding 

Attorneys Working On This 

Case)

Billed (in Monthly or BiMonthly Fee Statements) 

By Those Working On This 

Case8

Partner $962.00 $696.00 

Case Manager $214.00 $300.00 

Aggregated (attorneys 

only) 

$821.00 $797.00 

Category of Timekeeper Blended Weighted Hourly Rate During the Compensation 

Period

Billed NRF’s Domestic Offices 

for FY 2023 (Excluding 

Attorneys Working On This 

Case)

Billed (in Monthly or BiMonthly Fee Statements) 

By Those Working On This 

Case9

Partner $1,037.00 $841.00 

Senior Paralegal $377.00 $450.00 

Case Manager $224.00 $281.00 

Aggregated (attorneys 

only) 

$902.00 $841.00 

8 Blended rates include those hours written off or otherwise not charged to PREPA.

9 Blended rates include those hours written off or otherwise not charged to PREPA.

Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 9 of 38
UNITED STATES DISTRICT COURT 

DISTRICT OF PUERTO RICO

----------------------------------------------------------x

In re: PROMESA 

Title III 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO 

RICO, 

Case No. 17 BK 3283-LTS 

as representative of Re: ECF Nos. 1150, 1715, 3269

THE COMMONWEALTH OF PUERTO RICO, 

et al.,

(Jointly Administered)

Debtors.10

----------------------------------------------------------x

In re: PROMESA 

Title III 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO 

RICO,

Case No. 17 BK 4780-LTS 

as representative of

PUERTO RICO ELECTRIC POWER 

AUTHORITY,

(Jointly Administered)

Debtor.

----------------------------------------------------------x

NINTH INTERIM APPLICATION OF NORTON ROSE FULBRIGHT US LLP FOR 

ALLOWANCE OF COMPENSATION FOR SERVICES RENDERED AND FOR 

REIMBURSEMENT OF EXPENSES AS SPECIAL DEBT FINANCING COUNSEL TO 

PUERTO RICO ELECTRIC POWER AUTHORITY FOR THE PERIOD FROM

OCTOBER 1, 2022 THROUGH JANUARY 31, 2023

10 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). (Title III case numbers are listed as Bankruptcy Case numbers due to 

software limitations).

Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 10 of 38
- 2 - 

Norton Rose Fulbright US LLP (“NRF” or the “Firm”), as special debt financing counsel 

to Puerto Rico Electric Power Authority (“PREPA”), makes its ninth interim application (this 

“Application”) for allowance of compensation, under sections 316 and 317 of PROMESA, of 

$40,474.50 and reimbursement of expenses of $0.00, for a total amount of $40,474.50, for the 

period from October 1, 2022 through January 31, 2023 (the “Compensation Period”), in 

accordance with (i) the Order Setting Procedures for Interim Compensation and Reimbursement 

of Expenses of Professionals, dated November 8, 2017 [ECF No. 1150], as amended [ECF Nos. 

1715, 3269, 20546] (together, the “Interim Compensation Order”), and (ii) the Memorandum 

Regarding Fee Review – Timeline and Process, dated November 10, 2017, and the Memorandum 

to Professionals Subject to Title III Fee Review, dated February 22, 2019 (collectively, including 

all amendments and supplements, the “Fee Examiner Guidelines”). In support of this Application, 

the Firm respectfully states as follows:

BACKGROUND

1. On May 3, 2017, the Commonwealth of Puerto Rico (the “Commonwealth”), by 

and through the Financial Oversight and Management Board for Puerto Rico (the “Oversight 

Board”), as the Commonwealth’s representative pursuant to section 315(b) of PROMESA, filed a 

petition with the Court under title III of PROMESA.

2. On May 5, 2017, Puerto Rico Sales Tax Financing Corporation (“COFINA”), by 

and through the Oversight Board, as COFINA’s representative pursuant to PROMESA section 

315(b), filed a petition with the Court under title III of PROMESA. 

3. On May 21, 2017, Puerto Rico Highways and Transportation Authority (“HTA”), 

by and through the Oversight Board, as HTA’s representative pursuant to PROMESA section 

315(b), filed a petition with the Court under title III of PROMESA. 

Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 11 of 38
- 3 - 

4. On May 21, 2017, Employees Retirement System for the Commonwealth of Puerto 

Rico (“ERS”), by and through the Oversight Board, as ERS’s representative pursuant to 

PROMESA section 315(b), filed a petition with the Court under title III of PROMESA. 

5. On July 3, 2017, Puerto Rico Electric Power Authority (“PREPA”), by and through 

the Oversight Board, as PREPA’s representative pursuant to PROMESA section 315(b), filed a 

petition with the Court under title III of PROMESA.

6. Through Orders of this Court, the Commonwealth, COFINA, HTA, ERS, and 

PREPA Title III Cases (together, the “Title III Cases”) are jointly administered for procedural 

purposes only, pursuant to PROMESA section 304(g) and Bankruptcy Rule 1015 [ECF Nos. 242, 

537, 1417]. 

7. On October 6, 2017, the Court entered the Order Pursuant to PROMESA Sections 

316 and 317 and Bankruptcy Code Section 105(a) Appointing a Fee Examiner and Related Relief

[ECF No. 1416], appointing Brady Williamson of Godfrey & Kahn, S.C. to serve as Fee Examiner 

in the Title III Cases. To date, the Firm has worked cooperatively with the Fee Examiner to ensure 

that PREPA is provided with cost-effective and efficient services.

COMPENSATION REQUESTED BY THE FIRM

8. PREPA has retained the Firm pursuant to the following services agreements: a 

Professional Services Agreement, dated September 13, 2018, a Professional Services Agreement, 

dated September 30, 2019, a Professional Services Agreement, dated July 26, 2021, and the most 

recent agreement, a Professional Services Agreement, dated August 17, 2022 (collectively, the 

“Professional Services Agreements”), which ends by its terms on June 30, 2023.11 

11 A copy of each of the Professional Services Agreements has been provided to the Fee Examiner.

Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 12 of 38
- 4 - 

9. The Firm’s hourly rates are set at a level designed to compensate NRF fairly for the 

work of its attorneys and paraprofessionals and are disclosed in detail in the Professional Services 

Agreement. The Firm further has agreed to apply (a) its 2018 rates to all services rendered to 

PREPA through and including the month of June, 2019, (b) its 2019 rates to all services rendered 

to PREPA for the period from October, 2019 through and including June, 2020, (c) its 2021 rates, 

as corrected, to all services rendered to PREPA for the period from July 1, 2021 through June 30, 

2022, and (d) its 2022 rates to all services rendered to PREPA for the period from August 30, 2022 

through June 30, 2023.12

10. The Firm’s rates are appropriate for complex financing, corporate, securities, 

litigation, and restructuring matters, whether in court or otherwise. The rates and rate structure 

reflect that such complex matters typically involve high stakes and intense time pressures. The 

Firm submits that the compensation requested is reasonable in light of the nature, extent, and value 

of such services provided to PREPA. 

11. During the Compensation Period, the Firm did not receive any payments or 

promises of payment from any other source for services rendered or to be rendered in any capacity 

whatsoever in connection with the matters covered by this Application. There is no agreement or 

understanding between the Firm and any other person, other than partners of the firm, for sharing 

of compensation to be received for services rendered in these cases.

SUMMARY OF SERVICES

12. During the Compensation Period, the Firm provided professional services to 

PREPA in connection with its Title III case and other matters. Detailed descriptions of the specific 

services provided (redacted to preserve privilege, confidentiality and work product) and the time 

12 The Firm did not have a professional service agreement with PREPA for the period of July 1, 2020 to July 31, 

2021.

Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 13 of 38
- 5 - 

expended performing such services are attached as Exhibit B. Additionally, a summary of the 

services the Firm provided to PREPA during the Compensation Period is set forth below. 

13. During the Compensation Period, the Firm concentrated its efforts primarily on 

matters relating to (a) compliance with the administrative obligations of this case, or (b) the review, 

preparation and filing of PREPA’s annual disclosure statements with the Municipal Securities 

Rulemaking Board, including review and analysis of previously filed annual disclosure statements,

and review, analysis and editing of certain of PREPA’s audited financial statements, including 

subsequent events notes relating to PREPA’s outstanding legacy debt securities. As a result of the 

categories of services and advice provided, NRF submits that the fees and expenses for which it 

seeks approval were reasonable and necessary. 

14. The Firm has established Task Codes for keeping time records of the work 

performed for PREPA. The following is a summary, by Task Code, of the professional services 

provided by NRF during the Compensation Period, and the services provided by the Firm to 

PREPA, organized by Task Code category. 

a) B110 – Administration/Case Administration – 1.9 hours – $1,194.00 fees

15. During the Compensation Period, services performed by the Firm in this category 

related to the administration of the Firm’s representation of PREPA, including with respect to 

compliance with the Fee Examiner’s procedures. 

b) B160 – Preparation of Fee Applications – 31.80 hours – $23,323.50 fees

16. During the Compensation Period, services performed by the Firm in this category 

related to the Firm’s preparation of bi-monthly fee statements and interim fee applications. The 

Firm prepared and served the Firm’s Twenty-Fourth (Bi-Monthly), Twenty-Fifth (Bi-Monthly), 

and Twenty-Sixth (Bi-Monthly) Fee Statements (collectively, the “Statements”). Because of the 

Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 14 of 38
- 6 - 

confidential nature of the services being provided by the Firm to PREPA, the Firm also continued 

to create and serve on certain parties special invoices to support each of the Fee Statements, from 

which all confidential and/or sensitive information was redacted. Additionally, the Firm 

completed the filing of its Seventh Interim Fee Application, and prepared and filed its Eight Interim 

Fee Application, covering services rendered during a six month period from February, 2022 

through and including September, 2022. Finally, the Firm reviewed and resolved certain questions 

raised by the Fee Examiner with respect to the services the Firm provided PREPA in the Firm’s 

seventh interim fee application. 

c) P220 – Legacy PREPA Bonds – 18.50 hours – $15,957.00 fees

17. This category includes all tasks performed by the Firm in connection with the 

review, preparation and filing of PREPA’s annual disclosure statements with the Municipal 

Securities Rulemaking Board, as well as the Firm’s review, analysis and editing of PREPA’s 

financial statements. Among other things, during the Compensation Period, the Firm conducted 

conference calls with PREPA and various of its advisors to address confirmation of certain 

financial information for PREPA’s audited financial statements. Additionally, the Firm completed 

its review, analysis and revision of PREPA’s 2016-2020 financial information and operating data, 

and began the review, analysis, evaluation and revision of PREPA’s FY 2021 financial statements

in order to determine the accurateness of various disclosures, including whether certain 

information or other data should be included in such reports or statement. Finally, the Firm 

obtained the information and prepared a response to PREPA’s audit inquiry letter, in relation to 

PREPA’s FY 2020 financial statements.

ATTORNEY CERTIFICATION

18. In accordance with Puerto Rico Local Bankruptcy Rule 2016-1(a)(4), the 

undersigned has reviewed the requirements of Puerto Rico Local Bankruptcy Rule 2016-1(a)(4) 

Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 15 of 38
- 7 - 

and certifies to the best of his information, knowledge, and belief that this Application complies 

with Puerto Rico Local Bankruptcy Rule 2016-1(a)(4) except as otherwise set forth herein. In this 

regard, and incorporated herein by reference, the Certification of Lawrence A. Bauer in accordance 

with the U.S. Trustee Guidelines is attached hereto as Exhibit A. 

NO PRIOR APPLICATION

19. No prior application for the relief requested by this Application has been made to 

this or any other court. 

WHEREFORE, NORTON ROSE FULBRIGHT US LLP respectfully requests that the 

Court enter an order: (a) awarding Norton Rose Fulbright US LLP compensation for professional 

and paraprofessional services provided during the Compensation Period in the amount of 

$40,474.50; (b) reimbursement of actual, reasonable and necessary expenses incurred in the 

Compensation Period in the amount of $0.00; and (c) granting such other relief as is appropriate 

under the circumstances.

Dated: March 17, 2023

New York, NY

Respectfully submitted,

/s/ Lawrence A. Bauer 

Lawrence A. Bauer

NORTON ROSE FULBRIGHT US LLP

1301 Avenue of the Americas, Room 2813 

New York, NY 10019-6022 

Telephone: (212) 318-3078 

Lawrence.bauer@nortonrosefulbright.com 

Special Debt Financing Counsel for Puerto Rico

Electric Power Authority

Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 16 of 38
Exhibit A

ATTORNEY CERTIFICATION

Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 17 of 38
UNITED STATES DISTRICT COURT 

DISTRICT OF PUERTO RICO

----------------------------------------------------------x

In re: PROMESA 

Title III 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO 

RICO, 

No. 17 BK 3283-LTS 

as representative of Re: ECF Nos. 1150, 1715, 3269

THE COMMONWEALTH OF PUERTO RICO, 

et al.,

(Jointly Administered)

Debtors.13

----------------------------------------------------------x

In re: PROMESA 

Title III 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO 

RICO,

Case No. 17 BK 4780-LTS 

as representative of (Jointly Administered)

PUERTO RICO ELECTRIC POWER 

AUTHORITY,

Debtor.

----------------------------------------------------------x

13 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). (Title III case numbers are listed as Bankruptcy Case numbers due to software 

limitations).

Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 18 of 38
CERTIFICATION OF LAWRENCE A. BAUER PURSUANT TO PUERTO RICO

LOCAL BANKRUPTCY RULE 2016-1(A)(4)

Lawrence A. Bauer, under penalty of perjury, certifies as follows:

1. I am a partner with the law firm of Norton Rose Fulbright US LLP (“NRF”). I 

make this certification in accordance with Rule 2016-1(a)(4) of the Local Rules of Bankruptcy 

Practice and Procedure of the United States Bankruptcy Court for the District of Puerto Rico (the 

“Local Rules”) regarding the contents of applications for compensation and expenses. 

2. I am familiar with the work performed by NRF for Puerto Rico Electric Power 

Authority (the “Debtor”), acting for or on behalf of the Debtor. 

3. I have read the Ninth Interim Application of Norton Rose Fulbright US LLP for 

Allowance of Compensation for Services Rendered and for Reimbursement of Expenses As Special 

Debt Financing Counsel to Puerto Rico Electric Power Authority for the Period from October 1, 

2022 through January 31, 2023 (the “Application”), and the facts set forth therein are true and 

correct to the best of my knowledge, information, and belief. 

4. To the best of my knowledge, information, and belief, formed after reasonable 

inquiry, the fees and disbursements sought in the Application are permissible under the Fee 

Examiner Guidelines, PROMESA, the Bankruptcy Code, the Federal Rules of Bankruptcy 

Procedure, the Interim Compensation Order, the Fee Examiner Guidelines, and the Local Rules of 

Bankruptcy Practice and Procedure of the United States Bankruptcy Court for the District of Puerto 

Rico, except as follows. Because of the cost of preparing the monthly statement and budget, 

particularly when compared to the different amounts of services being provided from month to 

month, the Firm reached out to Leah Viola, one of the Fee Examiner’s representatives, to obtain 

guidance regarding whether it would be beneficial to the estate for the Firm to continue to prepare 

monthly budgets as to anticipated NRF fees to be charged to PREPA and corresponding fee 

Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 19 of 38
- 2 - 

monthly fee statements. As a cost savings measure, with respect to the budget requirement, the 

Firm and Ms. Viola agreed that until the Firm was asked to either render a larger amount of 

services, or services on a more regular and predictable basis, the Firm would refrain from preparing 

monthly budgets. With respect to the monthly fee statements, the Firm would either dispense with 

them if the services were minimal, or switch to bi-monthly fee statements if the services being 

provided were of a larger amount. Accordingly, the Firm has not provided monthly budgets, and 

switched to submitting bi-monthly fee statements for the months of October, 2022, through 

January 2023. 

Dated: March 17, 2023 /s/ Lawrence A. Bauer 

Lawrence A. Bauer

Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 20 of 38
Exhibit B

OCTOBER 1, 2022 THROUGH JANUARY 31, 2023 

DETAILED TIME RECORDS

Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 21 of 38
Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 22 of 38
Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 23 of 38
Invoice Date November 15, 2022 Invoice Number 9495400311 Page 3

Norton Rose Fulbright US LLP is a limited liability partnership registered under the laws of Texas. 

Norton Rose Fulbright US LLP, Norton Rose Fulbright LLP, Norton Rose Fulbright Australia, Norton Rose Fulbright Canada LLP and Norton Rose 

Fulbright South Africa Inc are separate legal entities and all of them are members of Norton Rose Fulbright Verein, a Swiss verein. Norton Rose 

Fulbright Verein helps coordinate the activities of the members but does not itself provide legal services to clients. Details of each entity, with certain 

regulatory information, are available at nortonrosefulbright.com.

Matter Number 1000346472

Matter Description PREPA - Securitization/Validation

finalizing Seventh Interim 

Fee Application.

10/06/2022 Winthrop, R 0.40 780.00 312.00 B160/PREPAFurther redact June invoice 

in connection with 24th 

monthly fee statement.

10/07/2022 Winthrop, R 0.10 780.00 78.00 B160/PREPAEmails with L. Bauer re: 

getting Seventh Interim Fee 

Application on file.

10/10/2022 Winthrop, R 0.40 780.00 312.00 B160/PREPAFinalize and send Seventh 

Interim Fee Application to 

local counsel in Puerto Rico 

for filing.

10/11/2022 Winthrop, R 0.10 780.00 78.00 B160/PREPAEmails with M. Vazquez re: 

filing of Seventh Interim 

Fee Application.

10/11/2022 Winthrop, R 0.80 780.00 624.00 B160/PREPARevise 24th Monthly Fee 

Statement and exhibit.

10/11/2022 Winthrop, R 0.20 780.00 156.00 B160/PREPAEmail to L. Bauer re: 

finalizing 24th Monthly Fee 

Statement.

10/11/2022 Winthrop, R 0.40 780.00 312.00 B160/PREPAReview and revise 

September invoice to 

conform to Fee Examiner's 

requirements.

10/12/2022 Winthrop, R 0.40 780.00 312.00 B160/PREPAReview files re: Third 

Amended Order's 

requirements for Monthly 

Fee Statements and email 

to L. Bauer re: same.

10/12/2022 Winthrop, R 0.20 780.00 156.00 B160/PREPAEmails with L. Bauer and D. 

Sanchez re: 24th Fee 

Statement.

10/12/2022 Winthrop, R 0.40 780.00 312.00 B160/PREPAMultiple emails to T. Burns 

re: 24th Fee Statement.

10/13/2022 Winthrop, R 0.50 780.00 390.00 B160/PREPACirculate materials to T. 

Burns for Monthly Fee 

Statements.

10/13/2022 Winthrop, R 0.10 780.00 78.00 B160/PREPAReview email with materials 

from D. Sanchez re: 25th 

PREPA Budget Acct # 01-4019-92303-556-673

Service Period: 8/30/22 – 6/30/23

PREPA/NRF Contract # 2023-P00040

Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 24 of 38
Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 25 of 38
Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 26 of 38
Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 27 of 38
Invoice Date 9495407317

Norton Rose Fulbright US LLP is a limited liability partnership registered under the laws of Texas. 

Norton Rose Fulbright US LLP, Norton Rose Fulbright LLP, Norton Rose Fulbright Australia, Norton Rose Fulbright Canada LLP and Norton Rose 

Fulbright South Africa Inc are separate legal entities and all of them are members of Norton Rose Fulbright Verein, a Swiss verein. Norton Rose 

Fulbright Verein helps coordinate the activities of the members but does not itself provide legal services to clients. Details of each entity, with certain 

regulatory information, are available at nortonrosefulbright.com.

Page 2

Matter Number

December 14, 2022

1000346472

Matter Description PREPA - Securitization/Validation

Invoice Number

TIME DETAILS

B160/PREPA-Fee Applications

DATE NAME HOURS RATE AMOUNT PHASE DESCRIPTION

11/02/2022 Winthrop, R 0.60 780.00 468.00 B160/PREPA Begin to compile information 

needed for Eighth Interim Fee 

Application and forward same 

to T. Burns to prepare 

calculations.

11/04/2022 Winthrop, R 0.60 780.00 468.00 B160/PREPA Conference with T. Burns (2) 

re: information needed for 8th 

Interim Fee Application.

11/04/2022 Winthrop, R 0.10 780.00 78.00 B160/PREPA Telephone call to L. Viola re: 

scope of Eighth Interim Fee 

Application.

11/07/2022 Winthrop, R 0.20 780.00 156.00 B160/PREPA Telephone call with L. Viola re: 

timing of fee application 

periods.

11/10/2022 Winthrop, R 1.40 780.00 1,092.00 B160/PREPA Revise and finalize 25th Fee 

Statement, confirm rates and 

review calculations in 

connection with same.

11/10/2022 Winthrop, R 0.10 780.00 78.00 B160/PREPA Email to L. Bauer and D. 

Sanchez re: finalizing 25th Fee 

Statement.

11/10/2022 Winthrop, R 0.30 780.00 234.00 B160/PREPA Review and revise October 

invoice to conform to Fee 

Examiner's requirements and 

email to D. Sanchez re: same.

11/10/2022 Winthrop, R 0.10 780.00 78.00 B160/PREPA Email to T. Burns re: 

calculations needed for Eighth 

Interim Fee Application.

11/11/2022 Winthrop, R 0.20 780.00 156.00 B160/PREPA Telephone call with T. Burns 

re: calculations.

11/11/2022 Winthrop, R 0.20 780.00 156.00 B160/PREPA Emails with D. Sanchez and L. 

Bauer re: new information for 

25th Fee Statement.

11/15/2022 Burns, T 0.30 325.00 97.50 B160/PREPA Phone call with R. Winthrop to 

PREPA Budget Acct # 01-4019-92303-556-673

PREPA/NRF Contract # 2023-P00040

Service Period: 8/30/22 – 6/30/23

Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 28 of 38
Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 29 of 38
Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 30 of 38
Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 31 of 38
Invoice Date January 19, 2023 9495414430

Norton Rose Fulbright US LLP is a limited liability partnership registered under the laws of Texas. 

Norton Rose Fulbright US LLP, Norton Rose Fulbright LLP, Norton Rose Fulbright Australia, Norton Rose Fulbright Canada LLP and Norton Rose 

Fulbright South Africa Inc are separate legal entities and all of them are members of Norton Rose Fulbright Verein, a Swiss verein. Norton Rose 

Fulbright Verein helps coordinate the activities of the members but does not itself provide legal services to clients. Details of each entity, with certain 

regulatory information, are available at nortonrosefulbright.com.

Page 2

Matter Number 1000346472

Matter Description PREPA - Securitization/Validation

Invoice Number

TIME DETAILS

B160/PREPA-Fee Applications

DATE NAME HOURS RATE AMOUNT PHASE DESCRIPTION

12/02/2022 Winthrop, R 0.10 780.00 78.00 B160/PREPA Email to L. Bauer re: receipt of 

client's signature on 25th Fee 

Statement.

12/05/2022 Winthrop, R 0.50 780.00 390.00 B160/PREPA Review letter from fee 

examiner and and email with 

L. Bauer re: same; emails with

L. Viola re: fee examiner's

letter.

12/05/2022 Winthrop, R 0.10 780.00 78.00 B160/PREPA Email to T. Burns re: receipt of 

signature from client on 25th 

Monthly Statement.

12/06/2022 Burns, T 0.60 300.00 180.00 B160/PREPA Finish preparing and serve 

Twenty-Fifth Monthly Fee 

Statement, on three different 

constituents including drafting 

emails in connection with the 

same.

12/06/2022 Winthrop, R 0.50 780.00 390.00 B160/PREPA Review file in preparation for 

call and telephone call with L. 

Viola re: concerns raised re: 

fee application.

12/06/2022 Winthrop, R 0.20 780.00 156.00 B160/PREPA Emails and telephone call with 

L. Bauer re: letter from fee

examiner.

12/06/2022 Winthrop, R 0.20 780.00 156.00 B160/PREPA Telephone call with L. Bauer 

re: results of call with Viola.

12/06/2022 Winthrop, R 0.20 780.00 156.00 B160/PREPA Email with T. Burns re: 25th 

Monthly Statement and finalize 

same.

12/12/2022 Winthrop, R 0.20 780.00 156.00 B160/PREPA Review and revise invoice to 

comply with Fee Examiner's 

requirements.

12/13/2022 Winthrop, R 0.10 780.00 78.00 B160/PREPA Email to D. Sanchez re: 

revisions to invoice to comply 

PREPA Budget Acct # 01-4019-92303-556-673 

PREPA/NRF Contract # 2023-P00040 

Service Period: 8/30/22 – 6/30/23

Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 32 of 38
Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 33 of 38
Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 34 of 38
Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 35 of 38
Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 36 of 38
Invoice Date February 24, 2023 Invoice Number 9495422732 Page 4

Norton Rose Fulbright US LLP is a limited liability partnership registered under the laws of Texas. 

Norton Rose Fulbright US LLP, Norton Rose Fulbright LLP, Norton Rose Fulbright Australia, Norton Rose Fulbright Canada LLP and Norton Rose 

Fulbright South Africa Inc are separate legal entities and all of them are members of Norton Rose Fulbright Verein, a Swiss verein. Norton Rose 

Fulbright Verein helps coordinate the activities of the members but does not itself provide legal services to clients. Details of each entity, with certain 

regulatory information, are available at nortonrosefulbright.com.

Matter Number 1000346472

Matter Description PREPA - Securitization/Validation

01/10/2023 Bauer, L 4.10 930.00 3,813.00 P220/PREPA

01/11/2023 Bauer, L 5.10 930.00 4,743.00 P220/PREPA

01/12/2023 Bauer, L 1.80 930.00 1,674.00 P220/PREPA

01/25/2023 Scott, T 0.90 450.00 405.00 P220/PREPA

01/25/2023 Scott, T 0.90 450.00 405.00 P220/PREPA

01/25/2023 Scott, T 0.80 450.00 360.00 P220/PREPA

PREPA Budget Acct # 01-4019-92303-556-673

PREPA/NRF Contract # 2023-P00040

Service Period: 8/30/22 – 6/30/23

Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 37 of 38
Case:17-03283-LTS Doc#:23820 Filed:03/17/23 Entered:03/17/23 06:35:01 Desc: Main

Document Page 38 of 38