UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF PUERTO RICO

)

In re: )

)

THE FINANCIAL OVERSIGHT AND ) PROMESA

MANAGEMENT BOARD FOR PUERTO RICO, ) Title III

)

 as representative of ) Case No. 17–BK–3283–LTS

)

THE COMMONWEALTH OF PUERTO RICO, et al., ) (Jointly Administered)

)

Debtors.1 )

)

In re: )

)

THE FINANCIAL OVERSIGHT AND ) PROMESA

MANAGEMENT BOARD FOR PUERTO RICO, ) Title III

)

 as representative of ) Case No. 17–BK–4780–LTS

)

PUERTO RICO ELECTRIC POWER AUTHORITY, ) This Application relates only to

) PREPA, and shall be filed in the

Debtor. ) lead Case No. 17–BK–3283–LTS

) and PREPA’s Title III Case

) (Case No. 17–BK–4780–LTS)

)

SUMMARY SHEET TO

THIRD INTERIM FEE APPLICATION OF KING & SPALDING LLP FOR 

COMPENSATION FOR SERVICES RENDERED AND REIMBURSEMENT OF 

EXPENSES INCURRED AS ATTORNEYS FOR THE PUERTO RICO 

ELECTRIC POWER AUTHORITY, FOR THE PERIOD 

FEBRUARY 1, 2023, THROUGH MAY 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); (v) Puerto Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17-BK-4780-LTS) (Last Four 

Digits of Federal Tax ID: 3747); and (vi) Puerto Rico Public Buildings Authority (“PBA”)(Bankruptcy Case No. 19-

BK-5523-LTS) (Last Four Digits of Federal Tax ID: 3801) (Title III case numbers are listed as Bankruptcy Case 

numbers due to software limitations).

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Summary of Fees and Expenses Paid to Date and the Balance of Fees and

Expenses for which Allowance and Payment is Requested for the Compensation Period

Name of Applicant: King & Spalding LLP (“K&S”)

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

(“PREPA”)

Period for which compensation is sought: February 1, 2023 through May 31, 2023 (the 

“Compensation Period”)

Amount of fees sought as actual, reasonable 

and necessary:

$1,052,470.80

Amount of expense reimbursements sought as 

actual, reasonable and necessary:

$0

Total fees and expenses sought for 

Compensation Period:

$1,052,470.80

This is a(n) ___ Monthly X Interim ___ Final Fee Application

This is the third interim fee application filed by K&S in PREPA’s Title III Case. The total time 

expended in connection with the preparation of this interim application is not included herein, as 

additional time was expended after the Compensation Period.

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TABLE OF SCHEDULES AND EXHIBITS

Schedule 1 Additional Information Under the Guidelines

Schedule 2 Summary of Fees and Expenses 

Schedule 3 List and Summary of Hours and Compensation by Professional

Schedule 4 List and Summary of Hours and Compensation by Task Code

Exhibit 1 Certification Under Guidelines

Exhibit 2 Proposed Order

Exhibit 3 Second Consolidated Monthly Fee Statement for the Period February 1, 2023,

through May 31, 2023 

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Schedule 1

Additional Information Under the Guidelines

Additional information required pursuant to the United States Trustee Guidelines for Reviewing 

Applications for Compensation and Reimbursement of Expenses Filed under 11 U.S.C. § 330 by 

Attorneys in Larger Chapter 11 Cases issued by the Executive Office for the United States Trustee:

Total fees sought in this Application as allowed: $1,052,470.80

Total expense reimbursement sought in this 

Application as allowed:

$0

Total fees sought in this Application already paid 

pursuant to Monthly Fee Statements but not yet 

allowed:

$01

Total expense reimbursement sought in this 

Application already paid pursuant to Monthly Fee 

Statements but not yet allowed:

N/A

Blended Rate for all timekeepers in this Application

during the Compensation Period:

$889.96

Number of Professionals included in this 

Application:

10

Number of Professionals in this Application not 

included in staffing plan approved by PREPA:

0

If applicable, difference between budgeted fees and 

expenses and compensation sought for this 

Compensation Period:

N/A2

Number of Professionals billing fewer than 15 hours 

in the Compensation Period:

3

Any rates higher than those approved or disclosed 

when retained? If yes, calculate and disclose the 

total compensation sought in this Application using 

the rates originally disclosed at retention.

No, the PSAs among K&S and PREPA (which 

must, and have been, approved by PREPA’s 

Governing Board and the Oversight Board) 

establish the rates for all approved K&S 

timekeepers and do not include provisions that 

specify allowable rate adjustments. 

1 Pursuant to the Interim Compensation Order in PREPA's Title III Case, K&S submitted its Second 

Consolidated Monthly Fee Statement to the Notice Parties on June 15, 2023, in connection with K&S’ fees incurred 

during the Compensation Period. No response or objection was received in connection with the Second 

Consolidated Monthly Fee Statement by the response deadline of June 26, 2023. Accordingly, pursuant to the 

Interim Compensation Order, PREPA was authorized to pay 90% of the amount of fees requested in the Second 

Consolidated Monthly Fee Statement (i.e., $947,223.72). K&S anticipates that PREPA will make this payment 

shortly in the ordinary course of business.

2 The applicable PSAs authorize an aggregate Contract Amount (each as defined in the Application) totaling 

$4,000,000 for K&S fees and expenses incurred from June 2022 through June 2023, which includes the Compensation 

Period. In total, K&S has incurred, and invoiced PREPA for, $[2,802,597.45] of reasonable and necessary fees and 

expenses for the period from June 2022 through May 2023. 

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4

Disclosure of Compensation sought in this 

Application using rates higher than those approved 

or disclosed at retention:

N/A

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Schedule 2

Summary of Prior Monthly Fee Statements

for this Compensation Period

Statement 

and Date 

Served

Period 

Covered

Total Fees 

Incurred

Fees 

Requested 

(90%)

Expenses 

Requested

Fees 

Paid 

Expenses 

Paid

Second 

Consolidated

Monthly Fee 

Statement

6/16/2023

2/1/2023

through 

5/31/2023

$1,052,470.80 $947,223.72 $0 $0 $0

Totals: $1,052,470.80 $947,223.72 $0 $0 $0

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Schedule 3

List and Summary of Hours and Compensation by Professional

Professional Title Department Hourly 

Rate

Total 

Hours

Total 

Compensation

Bowe, Jim Partner Corporate, Finance and 

Investment (1982) 1087 143.1 $155,549.70

Cagle, Kim Partner Corporate, Finance and 

Investment (1987) 1009 0.2 $201.80

Steinberg, Arthur Partner Corporate, Finance and 

Investment (2010) 1375 6.5 $8,937.50

TOTAL FOR PARTNERS: 149.8 $164,689.00 

Davidson, Scott Counsel Corporate, Finance and 

Investment (1996) 1375 34.8 $47,850.00 

Futch, Kevin Counsel Corporate, Finance and 

Investment (2008) 1009 553.7 $558,380.60 

TOTAL FOR COUNSEL: 588.5 $606,230.60 

Cadavid, Miguel Associate Corporate, Finance and 

Investment (2018) 730 43.0 $31,390.00 

Langa, Fernando Associate Corporate, Finance and 

Investment (2015) 824 40.8 $33,619.20 

Martin, Silvia Associate Corporate, Finance and 

Investment (2013) 820 1.1 $902.00 

Rizk, Philip Associate Corporate, Finance and 

Investment (2022) 600 340.1 $204,060.00 

Schofield, Sarah Associate Corporate, Finance and 

Investment (2021) 600 19.3 $11,580.00 

TOTAL FOR ASSOCIATES: 444.3 $ 281,551.20

ATTORNEYS GRAND TOTAL 1,182.6 $1,052,470.80

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Schedule 4

List and Summary of Hours and Compensation by Task Code3

PREPA – Fuel RFPs

Task Code Task Description Total Hours Billed Total Fees Requested

B803 Business Operations 6.2 $6,413.30

Total 6.2 $6,413.30

PREPA – Fee Applications

Task Code Task Description Total Hours Billed Total Fees Requested

B801 Asset Analysis and Recovery 3.5 $4,812.50 

B803 Business Operations 0.3 $326.10 

B804 Case Administration 0.7 $962.50 

B812 Fee/Employment Applications 99.4 $93,982.50 

Total 103.9 $100,083.60 

PREPA – Energy Resource RFPs

Task Code Task Description Total Hours Billed Total Fees Requested

B803 Business Operations 1,070.5 $943,799.90 

B812 Fee/Employment Applications 1.1 $1,195.70 

B813 N/A 0.9 $978.50 

Total 1,072.5 $945,974.10 

3 The Task Codes K&S uses are consistent with the meaning ascribed to such terms in the Guidelines, ¶ C.8. 

(project categories for billing records).

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UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF PUERTO RICO

)

In re: )

)

THE FINANCIAL OVERSIGHT AND ) PROMESA

MANAGEMENT BOARD FOR PUERTO RICO, ) Title III

)

 as representative of ) Case No. 17–BK–3283–LTS

)

THE COMMONWEALTH OF PUERTO RICO, et al., ) (Jointly Administered)

)

Debtors. 1 )

)

In re: )

)

THE FINANCIAL OVERSIGHT AND ) PROMESA

MANAGEMENT BOARD FOR PUERTO RICO, ) Title III

)

 as representative of ) Case No. 17–BK–4780–LTS

)

PUERTO RICO ELECTRIC POWER AUTHORITY, ) This Application relates only to

) PREPA, and shall be filed in the

Debtor. ) lead Case No. 17–BK–3283–LTS

) and PREPA’s Title III Case

) (Case No. 17–BK–4780–LTS)

)

THIRD INTERIM FEE APPLICATION OF KING & SPALDING LLP FOR 

COMPENSATION FOR SERVICES RENDERED AND REIMBURSEMENT OF 

EXPENSES INCURRED AS ATTORNEYS FOR THE PUERTO RICO 

ELECTRIC POWER AUTHORITY, FOR THE PERIOD 

FEBRUARY 1, 2023, THROUGH MAY 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); (v) Puerto Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17-BK-4780-LTS) (Last Four 

Digits of Federal Tax ID: 3747); and (vi) Puerto Rico Public Buildings Authority (“PBA”)(Bankruptcy Case No. 19-

BK-5523-LTS) (Last Four Digits of Federal Tax ID: 3801) (Title III case numbers are listed as Bankruptcy Case 

numbers due to software limitations).

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King & Spalding LLP (“K&S”),2 as counsel to the Puerto Rico Electric Power Authority 

(“PREPA”), hereby submits this third interim application (this “Application”), pursuant to 

PROMESA sections 316 and 317, Rule 2016 of the Federal Rules of Bankruptcy Procedure (the 

“Bankruptcy Rules”), Rule 2016–1 of the Local Bankruptcy Rules for the United States 

Bankruptcy Court for the District of Puerto Rico (the “Local Rules”), and the United States Trustee 

Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses Filed 

under 11 U.S.C. § 330 by Attorneys in Larger Chapter 11 Cases issued by the Executive Office 

for the United States Trustee, 28 CFR Part 58, Appendix B (the “Guidelines”), and in accordance 

with this Court’s Third Amended Order Setting Procedures for Interim Compensation and 

Reimbursement of Expenses of Professionals [Case No. 17-BK-3283–LTS, ECF No. 20546] (the 

“Interim Compensation Order”), for allowance of interim compensation for actual, reasonable and 

necessary professional services performed by K&S for the period commencing February 1, 2023

through and including May 31, 2023 (the “Compensation Period”) in the amount of $1,052,470.80. 

No actual and necessary expenses were incurred during the Compensation Period, thus no 

reimbursement for actual and necessary expenses are sought in this Application. In further support 

of this Application, K&S respectfully represents as follows:

Jurisdiction

1. The United States District Court for the District of Puerto Rico (the “Court”) has 

subject matter jurisdiction over this Application pursuant to PROMESA section 306(a).

2. Venue is proper in this district pursuant to PROMESA section 307(a).

3. The statutory predicates for the relief requested herein are PROMESA sections 316 

2 Capitalized terms used but not otherwise defined herein have the meanings given to them in the Interim

Compensation Order (as defined herein). 

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and 317.

Background

4. On June 30, 2016, the Financial Oversight and Management Board for Puerto Rico 

(the “Oversight Board” or “FOMB”) was established under PROMESA section 101(b). On August 

31, 2016, President Obama appointed the Oversight Board’s first seven voting members. 

5. Pursuant to PROMESA section 315, “[t]he Oversight Board in a case under this 

subchapter is the representative of the debtor” and “may take any action necessary on behalf of the 

debtor to prosecute the case of the debtor, including filing a petition under section [304] of 

[PROMESA] . . . or otherwise generally submitting filings in relation to the case with the court.”

PROMESA §§ 315(a), (b).

6. On September 30, 2016, the Oversight Board designated PREPA as a “covered 

entity” under PROMESA section 101(d).

7. On July 2, 2017, the Oversight Board issued a restructuring certification pursuant 

to PROMESA sections 104(j) and 206 and filed a voluntary petition for relief for PREPA pursuant 

to PROMESA section 304(a), commencing a case under Title III thereof (the “Title III Case”). 

Pursuant to PROMESA section 315(b), the Oversight Board is PREPA’s representative in the Title 

III Case.

8. 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], which appointed Brady Williamson of Godfrey & Kahn, S.C. to serve as fee 

examiner in the Title III Case (the “Fee Examiner”). 

9. On August 4, 2017, PREPA initially retained K&S to address an ongoing, nonpublic SEC investigation of certain PREPA bond offerings pursuant to a professional services 

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agreement setting forth the terms of the engagement, including the effective term, approved K&S 

timekeepers, and the maximum budgeted compensation allowed thereunder (as defined therein, 

the “Contract Amount”). Thereafter, PREPA has broadened the scope of the engagement on 

several instances to include, among others, a wide variety of energy- and regulatory-related 

matters, as further described below, pursuant to new professional service agreements and 

amendments thereto with K&S which cover subsequent time periods set forth in the table below 

and authorize an aggregate Contract Amount for K&S’ fees and expenses in excess of $36 million 

through the end of June 2023, including $4,000,000 from June 2022 through the end of June 2023 

(collectively, the “PSAs”):3

Contract Effective Date Expiration Contract #

1st PSA 8/4/2017 6/30/2018 2018-P00012

First Amendment to 1st PSA 4/5/2018 6/30/2018 2018-P00012A

Second Amendment to 1st PSA 6/29/2018 7/1/2018 2018-P00012B

2nd PSA 7/24/2018 6/30/2019 2019-P00006

First Amendment to 2nd PSA 11/9/2018 6/30/2019 2019-P00006A

Second Amendment to 2nd PSA 12/19/2018 6/30/2019 2019-P00006B

Third Amendment to 2nd PSA 6/28/2019 6/30/2019 2019-P00006C

3rd PSA 6/28/2019 6/30/2020 2019-P00126

First Amendment to 3rd PSA 6/26/2020 6/30/2020 2019-P00126A

4th PSA 7/14/2020 9/30/2020 2021-P00024

First Amendment to 4th PSA 9/30/2020 6/30/2021 2021-P00024A

5th PSA 7/21/2021 10/30/2021 2022-P00006

6th PSA 11/22/2021 3/31/2022 2022-P00026

First Amendment to 6th PSA 3/24/2022 6/30/2022 2022-P00026A

7th PSA 7/22/2022 6/30/2023 2023-P00020

First Amendment to 7th PSA 12/27/2022 6/30/2023 2023-P00020A

Second Amendment to 7th PSA 6/2/2023 6/30/2023 2023-P00020B

10. PREPA must request that it’s Governing Board approve each PSA and any 

amendments thereto. PREPA’s Governing Board entered resolutions approving each PSA listed 

above. For example, on April 18, 2023, PREPA’s Governing Board issued Resolution 5035

3 A copy of all of the PSAs and PREPA’s Governing Board resolutions approving each PSA are available on 

Puerto Controller’s website at https://consultacontratos.ocpr.gov.pr/

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authorizing the execution of the Second Amendment to the 7th PSA to increase the Contract 

Amount for the applicable period. Additionally, the Oversight Board must (and has) approved 

PREPA’s entry into and the terms of each PSA. As noted above, the aggregate Contract Amount 

authorized under the PSAs from June 2022 through June 2023 (which includes the Compensation 

Period) is $4,000,000. 

11. On August 4, 2022, K&S filed the First Interim Fee Application of King & Spalding 

LLP for Compensation for Services Rendered and Reimbursement of Expenses Incurred as 

Attorneys for the Puerto Rico Electric Power Authority, for the Period August 1, 2018, Through 

March 31, 2022 [ECF Nos. 21718, 21719] (the “First Interim Application”). No Interim Objection 

was filed in response to the First Interim Application.

4

12. On February 10, 2023, K&S served on the Notice Parties (as defined in the Interim 

Compensation Order) the First Consolidated Monthly Fee Statement of King & Spalding LLP as 

Attorneys for the Puerto Rico Electric Power Authority for Compensation for Services Rendered 

and Reimbursement of Expenses Incurred for the Period April 1, 2022, Through January 31, 2023

(“First Monthly Fee Statement”). No Monthly Objection (as defined in the Interim Compensation 

Order) was filed in response to the First Monthly Fee Statement.

13. On March 15, 2023, K&S filed the Second Interim Fee Application of King & 

Spalding LLP for Compensation for Services Rendered and Reimbursement of Expenses Incurred

as Attorneys for the Puerto Rico Electric Power Authority, for the Period April 1, 2022, Through 

January 31, 2023 [ECF No. 23814] (the “Second Interim Application”). The First Monthly Fee 

Statement was attached as Exhibit 3 to the Second Interim Application. No Interim Objection was 

4 The Fee Examiner has requested to adjourn the hearing on the First Interim Application subject to the Fee 

Examiner’s continuing review thereof. See ECF Nos. 22210 (Exhibit B), 22702 (Exhibit B), 23020 (Exhibit C), 

23387 (Exhibit C). To date, K&S has consented to this request.

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filed in response to the Second Interim Application.5

14. On June 15, 2023, K&S served on the Notice Parties (as defined in the Interim

Compensation Order) the Second Consolidated Monthly Fee Statement of King & Spalding LLP 

as Attorneys for the Puerto Rico Electric Power Authority for Compensation for Services Rendered 

and Reimbursement of Expenses Incurred for the Period February 1, 2023 Through May 31, 2023

(“Second Monthly Fee Statement” and together with the First Monthly Fee Statement, the 

“Monthly Fee Statements”), a copy of which is attached hereto as Exhibit 3. No Monthly 

Objection was filed in response to the Second Monthly Fee Statement.

15. In accordance with the Interim Compensation Order and pursuant to the Second

Monthly Fee Statement, as reflected in the foregoing summaries, K&S requested an aggregate 

payment of $947,223.72 (payment of 90% of the fees sought) with respect to the Second Monthly 

Fee Statement. As of the filing of this Application, PREPA has not made such payment. 

Summary of Services Rendered by K&S During the Compensation Period

16. The instant Application is K&S’s third application for interim compensation in the 

Title III Case. Throughout the Compensation Period, K&S primarily advised PREPA on a myriad 

of issues, as further described below, related to PREPA’s operations and its transition to renewable 

energy, including the Request for Proposals for Renewable Energy Generation and Energy Storage 

Resources (the “RE RFP”) for Tranche 1 No. 112648 (the “T1 RFP”). Pursuant to the T1 RFP 

PREPA solicited proposals for renewable energy, energy storage, and virtual power plant 

resources—which represents one of PREPA’s most significant and important tasks during the 

Compensation Period. The Puerto Rico Energy Bureau (the “PREB”) has staged the RE RFP in 

six tranches, and the Puerto Rico Public-Private Partnerships Authority (the “P3A”) has confirmed 

5 The Fee Examiner has requested to adjourn the hearing on the Second Interim Application subject to the 

Fee Examiner’s continuing review thereof. See ECF No. 24383 (Exhibit C).

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that PREPA bears the responsibility to manage and oversee the T1 RFP through to completion. 

K&S also assisted PREPA in analyzing the T1 RFP process to identify opportunities for improving 

and maximizing the efficiency and outcomes of subsequent tranches of the RE RFP process, 

including the pending RE RFP for Tranche 2 (the “T2 RFP”). 

17. K&S provided PREPA with critical legal and administration services in connection 

with the T1 RFP process. In connection therewith, K&S utilized its substantial institutional and 

process knowledge regarding the RE RFP and the commercial realities of renewable energy 

development on the island, which PREPA cannot easily replace or replicate. The T1 RFP attracted 

over 70 proposals and has required the negotiation and implementation of 28 new contracts. The 

T2 RFP is projected to have a similar turnout and time requirement (subject to efficiencies realized 

from applying lessons learned from the T1 RFP process and role of PREB’s independent 

coordinator). These processes required a significant number of hours to review and complete 

negotiations with the relevant stakeholders—including with PREPA’s operational partner, LUMA 

Energy, LLC (“LUMA”), which has assumed responsibility for certain of PREPA’s functions 

pursuant to the Puerto Rico Transmission and Distribution Operation and Maintenance Agreement 

executed between LUMA, PREPA and P3A—within the tight deadlines established by PREB. 

18. In connection with the T1 RFP, K&S assisted PREPA to secure, as of September 

2022, 844 MW of greenfield renewable energy generation and 200 MW of energy storage 

resources pursuant to 20 executed agreements. During the Compensation Period, K&S assisted 

PREPA implementing most of these projects, including negotiating amendments to accommodate 

the commercial realities of current macroeconomic conditions, and in terminating some of these 

projects which were unable to move ahead in the challenging environment. K&S also assisted 

PREPA in negotiating 3 new battery energy storage service agreements, which were submitted 

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and approved by PREB (FOMB approval pending), and is in the process of assisting PREPA to 

negotiate 4 additional commercial agreements for battery storage projects previously approved by 

PREB. Additionally, LUMA has been conducting interconnection studies for potential capacity 

increases across 10 of the renewable projects with executed renewable energy contracts, and 

during the Compensation Period, K&S has facilitated this process as well as potential solutions to 

interconnection challenges that these projects face. K&S has also been advising PREPA in 

connection with the negotiation and finalization of a grid services agreement for a 17 MW virtual 

power plant and conducted substantial work with respect to the contract closing process for all of 

the executed agreements, as further detailed below. 

19. K&S would expect its services on the T1 RFP and implementation of the related 

projects to taper down as project achieve financial close and start construction, milestones which 

require resolution of ongoing interconnection, permitting, commercial and stakeholder approval 

issues. The timeline for this process has extended as LUMA changed its approach to 

interconnections on multiple occasions (i.e., regarding the allocation of responsibility for 

constructing the interconnection facilities located inside of PREPA’s substations) and 

macroeconomic challenges (e.g., interest rates, inflation and supply constraints) have buffeted 

projects. Each of LUMA’s three significant policy changes on interconnection and the impact of 

the macroeconomic factors have required modifications to the process, which required K&S to 

expend significant time and effort to amend the contracts. Looking forward, once the Resource 

Providers satisfy the conditions subsequent for their contracts (likely at end of the third quarter or 

beginning of the fourth quarter of this year based on contracted timelines), LUMA will likely take

over administration of such contracts, reducing PREPA, and by extension K&S’, role in the 

process. 

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20. In addition to supporting PREPA in connection with the T1 RFP process, during 

the Compensation Period, K&S also advised PREPA in connection with the following: (i) contract 

administration and implementation of the renegotiated agreements with operating and shovelready renewable energy projects and thermal generation projects; (ii) as-needed support in PREB 

proceedings related to Integrated Resource Plan (IRP) implementation and amendments thereto, 

ongoing requests for information, optimization of the design of minigrids and microgrids, and 

finalization of regulations addressing energy efficiency, demand response, distributed generation 

and related matters; (iii) support in addressing and resolving contract administration and 

operational issues with New Fortress Energy (NFE) with regard to the San Juan Units 5 & 6 

conversion and related Federal Energy Regulatory Commission (FERC) proceedings; and (iv) 

general regulatory and operation guidance on benefits of hydrogen power for Puerto Rico. 

21. As reflected on Schedule 2, K&S seeks allowance, pursuant to the Interim 

Compensation Order, of (a) $1,052,470.80 (including the 10% holdback, equal to $105,247.08) as 

compensation for actual, reasonable and necessary professional services rendered during the 

Compensation Period. 

22. During the Compensation Period, as set forth on Schedule 3, K&S attorneys 

expended a total of 1,182.6 hours in connection with the actual, reasonable and necessary services 

performed. K&S maintains computerized records of the time spent by all K&S attorneys in 

connection with the firm’s representation of PREPA. Subject to redaction where necessary to 

preserve confidentiality, copies of the computerized records for the fees and expenses billed to 

PREPA during the Compensation Period, separated by month and work done inside and outside 

of Puerto Rico, are attached hereto as exhibits to the Second Monthly Fee Statement (the 

“Compensation Exhibits”).

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23. As described above in paragraph 9, each PSA establishes a maximum Contract 

Amount for the applicable term and sets forth a list of K&S approved timekeepers, which acts as 

a budget and staffing plan. During the Compensation Period all K&S Professionals appeared on 

the approved timekeepers list and K&S has not exceeded the aggregate Contract Amounts 

permitted under the PSAs. 

24. The total time expended during the Compensation Period by K&S attorneys in 

connection with the preparation of the Second Interim Application,

6 this Application and the 

Second Monthly Fee Statement, as well as evaluating and drafting responses to the Fee Examiner 

correspondences with respect to the First Interim Application, was 103.9 hours and $100,083.60, 

which each constitute less than 10% of the total hours and fees included in this Application. Such 

time was reasonable and necessary given that the Compensation Period for this Application covers 

4 months of K&S services for PREPA, and includes time expended in connection with addressing 

matters arising from the Fee Examiner’s review and analysis of the First and Second Interim 

Applications, which cover over 5 years of work K&S has done for PREPA since it was initially 

engaged in August 2017. 

25. The number of PREPA approved K&S timekeepers under the PSAs that worked on 

the aforementioned PREPA matters during the Compensation Period was 10. Such timekeepers 

have different areas of expertise and were engaged to provide, among other things, specialized 

assistance in connection PREPA’s operations and transition to renewable energy, including with 

respect to power purchase and operating agreements, electric storage service agreements, grid 

service agreements, and other matters related to the RE RFP process, such as federal and local 

regulatory proceedings. K&S has calibrated its staffing on PREPA projects to ensure diligent and 

6 The Second Interim Application was filed during the Compensation Period in March 2023, therefore a 

portion of the fees attributable to preparation of the Second Interim Application are included in this Application. 

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timely representation was provided to PREPA.

26. All entries itemized in detailed time records set forth in the Compensation Exhibits 

comply with the requirements set forth in the PSAs, the Guidelines and the protocols established 

by the Fee Examiner, including, without limitation, (a) the utilization of task codes consistent with 

the project categories set forth in the Guidelines, ¶ C.8. (project categories for billing records) (the 

“Task Codes”), (b) a description of each activity or service that each individual performed, and (c) 

the number of hours (in increments of one-tenth of an hour) spent by each individual providing the 

services. Additionally, Task Codes are organized in accordance with Guidelines, ¶ C.8.b. If a 

Task Code does not appear in a particular time record in the Compensation Exhibits, K&S did not 

bill time for that Task Code during the applicable period but may bill time for that Task Code in 

the future. 

27. In addition to summaries included in the Compensation Exhibits for each period 

covered by the itemized time records included therein, a summary of the titles, hours worked, fees 

billed and hourly rate of the K&S professionals and paraprofessionals performing services for 

PREPA during the Compensation Period is set forth on Schedule 3. As required by the Guidelines, 

Schedule 4 to this Application (and each Compensation Exhibit), shows a list of K&S 

professionals and the aggregate recorded hours such professional performed under each Task Code 

during the Compensation Period. In accordance with Guidelines paragraph C.3, K&S’ blended 

hourly rates are disclosed in Schedule 1. The fees charged by K&S, as set forth in the 

Compensation Exhibits and summarized on Schedule 3, are in accordance with the firm’s existing 

billing rates and procedures in effect during the Compensation Period, as revised to reflect K&S’

arrangement with PREPA. The standard rates K&S charges for the services rendered by its 

professionals and paraprofessionals on behalf of PREPA have been reduced to reflect the unique 

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circumstances of PROMESA, and the position of the Commonwealth of Puerto Rico, its 

instrumentalities, and its residents. Schedule 3 shows the rates K&S charges PREPA on an hourly 

basis and which are consistent with rates established under the applicable PSAs and competitive 

market rates charged by the other professionals representing PREPA, the Commonwealth of Puerto 

Rico, and its instrumentalities in connection with similar matters. No K&S rates were increased 

as a result of the geographic location of a bankruptcy case (or the Title III Case).

28. The foregoing professional services performed by K&S on behalf of PREPA during 

the Compensation Period were reasonable, necessary, appropriate, and beneficial when rendered, 

facilitated the effective administration of PREPA’s operational and regulatory affairs, including in 

connection with the ongoing transformation of Puerto Rico’s electrical grid, and were in the best 

interests of PREPA and its creditors, residents, and other stakeholders. Compensation for the 

foregoing services as requested is commensurate with the complexity, importance, and timesensitive nature of the problems, issues, and tasks involved. The professional services were 

performed with expedition and in an efficient manner. 

29. In accordance with the factors enumerated in PROMESA Section 316, the amount 

of fees requested is fair and reasonable given: (a) the complexity and essential nature of PREPA’s 

operations, the transformation of Puerto Rico’s electrical grid and the RE RFP process; (b) the 

time expended; (c) the nature and extent of the services rendered; (d) the value of such services; 

(e) K&S’ established expertise in the regulatory and energy fields; and (f) the costs of comparable 

services.

Applicant’s Statement in Compliance with Appendix B Guidelines Paragraph C.5

30. The following answers are provided in response to the questions set forth in 

Guidelines, ¶ C.5:

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Question: Did you agree to any variations from, or alternatives to, your standard 

or customary billing rates, fees or terms for services pertaining to this 

engagement that were provided during the Compensation Period? If 

so, please explain.

Response: No.

Question: If the fees sought in this Application as compared to the fees budgeted 

for the time period covered by this Application are higher by 10% or 

more, did you discuss the reasons for the variation with the client? 

Response: Not applicable. 

Question: Have any of the professionals included in this Application varied their 

hourly rate based on the geographic location of the Title III Case?

Response: No.

Question: Does the Application include time or fees related to reviewing or 

revising time records or preparing, reviewing, or revising invoices? 

(This is limited to work involved in preparing and editing billing 

records that would not be compensable outside of bankruptcy and

does not include reasonable fees for preparing a fee application). If 

so, please quantify by hours and fees. 

Response: No.

Question: Does this Application include time or fees for reviewing time records 

to redact any privileged or other confidential information? If so, 

please quantify by hours and fees.

Response: No. 

Question: If this Application includes any rate increases since retention: (i) Did 

your client review and approve those rate increases in advance? (ii) 

Did your client agree when retaining the law firm to accept all future 

rate increases? If not, did you inform your client that they need not 

agree to modified rates or terms in order to have you continue the 

representation, consistent with ABA Formal Ethics Opinion 11–458?

Response: No, the rates for approved K&S Professionals working on PREPA 

matters are fixed under each PSA, and the PSAs do not include 

provisions that specify allowable rate adjustments or increases. 

No Actual and Necessary Expenses of K&S

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31. K&S did not incur any expenses in connection with its work for PREPA during the 

Compensation Period. 

Compensation Paid and Its Source

32. All services for which K&S seeks compensation, and expenses for which it seeks 

reimbursement, were performed on behalf of PREPA. In connection with the matters covered by 

this Application, K&S received no payment and no promises of payment for services rendered, or 

to be rendered, from any source other than PREPA. There is no agreement or understanding 

between K&S and any other person, other than members of the firm, for the sharing of 

compensation received for services rendered to PREPA.

33. PROMESA sections 316 and 317 provide for interim compensation of 

professionals and govern the Court’s award of such compensation. PROMESA section 316 

provides that a court may award a professional person employed by PREPA “(1) reasonable 

compensation for actual, necessary services rendered by the professional person, or attorney and 

by any paraprofessional person employed by any such person; and (2) reimbursement for actual, 

necessary expenses.” PROMESA § 316(a). Section 316 also sets forth the criteria for the award of 

such compensation and reimbursement: 

In determining the amount of reasonable compensation to be awarded . . . the court 

shall consider the nature, the extent, and the value of such services, taking into account 

all relevant factors, including—

1) the time spent on such services;

2) the rates charged for such services;

3) whether the services were necessary to the administration of, or 

beneficial at the time at which the service was rendered toward the 

completion of, a case under this chapter;

4) whether the services were performed within a reasonable amount of 

time commensurate with the complexity, importance, and nature of the 

problem, issue, or task addressed;

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5) with respect to a professional person, whether the person is board 

certified or otherwise has demonstrated skill and experience in the 

bankruptcy field; and

6) whether the compensation is reasonable based on the customary 

compensation charged by comparably skilled practitioners in cases 

other than cases under this subchapter or title 11.

PROMESA § 316(c).

34. As noted above, the professional services for which K&S seeks compensation in 

this Application were necessary and beneficial to PREPA, and included, among other things, 

anticipating or responding to PREPA’s needs and assisting in PREPA’s navigation of its complex 

operational footprint and the transformation of Puerto Rico’s electric grid. The compensation 

requested herein is reasonable in light of the nature, extent, and value of such services to PREPA. 

Reservations

35. To the extent time or disbursement charges for services rendered or expenses 

incurred relate to the Compensation Period but were not processed prior to the preparation of this 

Application, or K&S has for any other reason not yet sought compensation or reimbursement of 

expenses herein with respect to any services rendered or expenses incurred during the 

Compensation Period, K&S reserves the right to request compensation for such services and 

reimbursement of such expenses in a future application.

Notice

36. Pursuant to the Interim Compensation Order and the Sixteenth Amended Notice, 

Case Management and Administrative Procedures [Case No. 17-BK-3283–LTS, ECF No. 20190-

1] (the “Case Management Procedures”), notice of this Application has been filed in the Title III 

Case and the lead Commonwealth of Puerto Rico’s Title III Case and served upon the Notice 

Parties set forth in the Interim Compensation Order and Standard Parties set forth in the Case 

Management Procedures. K&S submits that, in light of the foregoing, no other or further notice 

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need be provided.

WHEREFORE K&S respectfully requests that the Court issue an order (a) allowing, as 

well as authorizing and directing PREPA to pay promptly to K&S, interim compensation for 

professional services rendered during the Compensation Period in the amount of $1,052,470.80;

(b) allowing, on an interim basis, such compensation for professional services rendered without 

prejudice to K&S’ right to seek additional compensation for services performed and expenses 

incurred during the Compensation Period, which were not processed at the time of this Application 

or which arise from the accrued incremental fees from increased rates in the PSAs; and (c) granting 

K&S such other and further relief as is just and proper.

[Remainder of Page Left Intentionally Blank]

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Dated: July 14, 2023

San Juan, Puerto Rico

/s/ Janelle Reyes-Maisonet

Janelle Reyes-Maisonet

USDC-PR No. 231102

SÁNCHEZ LRV LLC

270 Muñoz Rivera Ave., SUITE 1110

San Juan, PR 00918

Tel: (787) 522 6776 

Email: jreyes@sanchezlrv.com

Counsel for King & Spalding LLP

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Exhibit 1

Certification under Guidelines

See Attached. 

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1

UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF PUERTO RICO

)

In re: )

)

THE FINANCIAL OVERSIGHT AND ) PROMESA

MANAGEMENT BOARD FOR PUERTO RICO, ) Title III

)

 as representative of ) Case No. 17–BK–3283–LTS

)

THE COMMONWEALTH OF PUERTO RICO, et al., ) (Jointly Administered)

)

Debtors. 1 )

)

In re: )

)

THE FINANCIAL OVERSIGHT AND ) PROMESA

MANAGEMENT BOARD FOR PUERTO RICO, ) Title III

)

 as representative of ) Case No. 17–BK–4780–LTS

)

PUERTO RICO ELECTRIC POWER AUTHORITY, ) This Application relates only to

) PREPA, and shall be filed in the

Debtor. ) lead Case No. 17–BK–3283–LTS

) and PREPA’s Title III Case

) (Case No. 17–BK–4780–LTS)

)

CERTIFICATION GUIDELINES FOR FEES

AND DISBURSEMENTS FOR PROFESSIONALS IN RESPECT OF THE 

THIRD INTERIM FEE APPLICATION OF KING & SPALDING LLP FOR 

COMPENSATION FOR SERVICES RENDERED AND REIMBURSEMENT OF 

EXPENSES INCURRED AS ATTORNEYS FOR THE PUERTO RICO 

ELECTRIC POWER AUTHORITY, FOR THE PERIOD 

FEBRUARY 1, 2023, THROUGH MAY 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); (v) Puerto Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17-BK-4780-LTS) (Last Four 

Digits of Federal Tax ID: 3747); and (vi) Puerto Rico Public Buildings Authority (“PBA”)(Bankruptcy Case No. 19-

BK-5523-LTS) (Last Four Digits of Federal Tax ID: 3801) (Title III case numbers are listed as Bankruptcy Case 

numbers due to software limitations).

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2

Pursuant to the US Trustee Guidelines, Local Rule 2016–1, and the order dated June 26, 

2019 [Case No. 17-BK-3283–LTS, ECF No. 7678], the undersigned, a partner of the firm King & 

Spalding LLP (“K&S”), attorneys for the Puerto Rico Electric Power Authority (the “PREPA”), 

hereby certifies with respect to (a) Third Interim Fee Application of King & Spalding LLP for 

Compensation for Services Rendered and Reimbursement of Expenses Incurred as Counsel to the 

Puerto Rico Electric Power Authority, for the Period January 1, 2023, Through May 31, 2023, 

filed concurrently herewith in the PREPA’s Title III case (the “Application”; capitalized terms not 

defined herein shall have the meanings set forth in the Application), and (b) the Court’s order dated 

June 26, 2019 [Case No. 17-BK-3283–LTS, ECF No. 7678], as follows: 

1. I am the professional designated by K&S in respect of compliance with the 

Guidelines and Local Rule 2016–1.

2. I make this certification in support of the Application for interim compensation and 

reimbursement of expenses incurred during the Compensation Period in accordance with the 

Guidelines and Local Rule 2016–1.

3. In respect of the Guidelines and Local Rule 2016–1, I certify that:

a. I have read the Application;

b. to the best of my knowledge, information, and belief, formed after reasonable 

inquiry, the fees and disbursements sought fall within the Guidelines; 

c. except to the extent (i) that fees or disbursements are prohibited by the 

Guidelines, or (ii) K&S agreed to provide discounts to its usual rates in 

connection with its representation of PREPA, the fees and disbursements 

sought are billed at rates in accordance with practices customarily employed 

by K&S and generally accepted by K&S’ clients; and

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3

d. in providing a reimbursable service, K&S does not make a profit on that 

service, where the service is performed by K&S in house or through a third 

party.

4. I certify that K&S has previously delivered invoices of K&S’ fees and 

disbursements to PREPA in accordance with PREPA’s policies and the PSAs and served the 

Monthly Fee Statements in accordance with the Interim Compensation Order, except that 

completing reasonable and necessary internal accounting and review procedures, as well as the 

Fee Examiner’s ongoing review of the First and Second Interim Applications, may have, at times, 

delayed delivery of the monthly fee statements within the time periods specified in the Interim 

Compensation Order. 

Dated: July 14, 2023

Washington D.C. 

/s/ Steven M. Kupka

Steven M. Kupka

KING & SPALDING LLP

1700 Pennsylvania Avenue, NW

Suite 900

Washington, DC 20006-4707

Tel: (202) 737-0500

Email: skupka@kslaw.com

Counsel for the Puerto Rico Electric Power 

Authority

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Exhibit 2

Proposed Order

See Attached. 

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1

UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF PUERTO RICO

)

In re: )

)

THE FINANCIAL OVERSIGHT AND ) PROMESA

MANAGEMENT BOARD FOR PUERTO RICO, ) Title III

)

 as representative of ) Case No. 17–BK–3283–LTS

)

THE COMMONWEALTH OF PUERTO RICO, et al., ) (Jointly Administered)

)

Debtors. 12 )

)

In re: )

)

THE FINANCIAL OVERSIGHT AND ) PROMESA

MANAGEMENT BOARD FOR PUERTO RICO, ) Title III

)

 as representative of ) Case No. 17–BK–4780–LTS

)

PUERTO RICO ELECTRIC POWER AUTHORITY, ) This Application relates only to

) PREPA, and shall be filed in the

Debtor. ) lead Case No. 17–BK–3283–LTS

) and PREPA’s Title III Case

) (Case No. 17–BK–4780–LTS)

)

ORDER APPROVING 

THIRD INTERIM FEE APPLICATION OF KING & SPALDING LLP FOR 

COMPENSATION FOR SERVICES RENDERED AND REIMBURSEMENT OF 

EXPENSES INCURRED AS ATTORNEYS FOR THE PUERTO RICO 

ELECTRIC POWER AUTHORITY, FOR THE PERIOD 

FEBRUARY 1, 2023, THROUGH MAY 31, 2023

12 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); (v) Puerto Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17-BK-4780-LTS) (Last Four 

Digits of Federal Tax ID: 3747); and (vi) Puerto Rico Public Buildings Authority (“PBA”)(Bankruptcy Case No. 19-

BK-5523-LTS) (Last Four Digits of Federal Tax ID: 3801) (Title III case numbers are listed as Bankruptcy Case 

numbers due to software limitations).

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2

Upon the application (the “Application”)

13 of King & Spalding LLP (“K&S”), as attorneys 

for the Puerto Rico Electric Power Authority (the “Debtor”) under section 315(b) of the Puerto 

Rico Oversight, Management, and Economic Stability Act (“PROMESA”),14 seeking, pursuant to 

(a) PROMESA sections 316 and 317, (b) Rule 2016 of the Federal Rules of Bankruptcy Procedure, 

(c) Local Rule 2016–1, (d) the United States Trustee Guidelines for Reviewing Applications for 

Compensation and Reimbursement of Expenses Filed under 11 U.S.C. § 330 by Attorneys in 

Larger Chapter 11 Cases issued by the Executive Office for the United States Trustee, 28 CFR 

Part 58, Appendix B, and (e) this Court’s Third Amended Order Setting Procedures for Interim 

Compensation and Reimbursement of Expenses of Professionals [Case No. 17-BK-3283–LTS, 

ECF No. 20546], allowance of interim compensation for professional services rendered by K&S 

for the period commencing February 1, 2023 through and including May 31, 2023 in the amount 

of $1,052,470.80; and this Court having determined that the legal and factual bases set forth in the 

Application establish just cause for the relief granted herein; and after due deliberation and 

sufficient cause appearing therefore, it is hereby ORDERED that:

5. The Application is GRANTED as set forth herein.

6. Compensation to K&S for professional services rendered during the Compensation 

Period is allowed on an interim basis in the amount of $1,052,470.80. 

7. PREPA is authorized and directed to pay K&S all fees allowed pursuant to this 

order within fifteen (15) days of the entry of this order, including those that were previously held 

back pursuant to the Interim Compensation Order, less any amounts previously paid for such fees 

and expenses under the terms of the Interim Compensation Order. 

13 Capitalized terms not defined in this order will have the meanings ascribed to them in the Application.

14 PROMESA has been codified in 48 U.S.C. §§ 2101-2241.

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3

8. The compensation for professional services rendered and reimbursement of actual 

and necessary expenses incurred allowed pursuant to this order is without prejudice to K&S’ right 

to seek additional compensation for services performed and expenses incurred during the 

Compensation Period, which were not processed at the time of the Application, or which represent 

the incremental fees identified in the Summary Sheets. 

9. PREPA is authorized to take all actions necessary to effectuate the relief granted 

pursuant to this order in accordance with the Application.

Dated: ___________________, 2023

 San Juan, Puerto Rico Honorable Laura Taylor Swain 

United States District Judge

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Exhibit 3

Second Consolidated Monthly Fee Statement for the Period February 1, 2023, through 

May 31, 2023 

See Attached. 

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46541713v3

UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF PUERTO RICO

)

In re: )

)

THE FINANCIAL OVERSIGHT AND ) PROMESA

MANAGEMENT BOARD FOR PUERTO RICO, ) Title III

)

 as representative of ) Case No. 17–BK–3283–LTS

)

THE COMMONWEALTH OF PUERTO RICO, et al., ) (Jointly Administered)

)

Debtors. 1)

)

In re: )

)

THE FINANCIAL OVERSIGHT AND ) PROMESA

MANAGEMENT BOARD FOR PUERTO RICO, ) Title III

)

 as representative of ) Case No. 17–BK–4780–LTS

)

PUERTO RICO ELECTRIC POWER AUTHORITY, )

)

Debtor. )

)

)

)

COVER SHEET TO SECOND CONSOLIDATED MONTHLY FEE STATEMENT

OF KING & SPALDING LLP AS ATTORNEYS FOR THE PUERTO RICO 

ELECTRIC POWER AUTHORITY FOR COMPENSATION FOR SERVICES 

RENDERED AND REIMBURSEMENT OF EXPENSES INCURRED

FOR THE PERIOD FEBRUARY 1, 2023 THROUGH MAY 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); (v) Puerto Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17-BK-4780-LTS) (Last Four 

Digits of Federal Tax ID: 3747); and (vi) Puerto Rico Public Buildings Authority (“PBA”)(Bankruptcy Case No. 19-

BK-5523-LTS) (Last Four Digits of Federal Tax ID: 3801) (Title III case numbers are listed as Bankruptcy Case 

numbers due to software limitations).

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2

Name of Applicant: King & Spalding LLP (“K&S”)

Retained to Provide 

Professional Services to:

Puerto Rico Electric Power Authority 

(“PREPA”)

Period for Which Compensation is Sought: February 1, 2023 through May 31, 2023

(the “Compensation Period”)

Amount of Fees Sought as Actual, 

Reasonable and Necessary:

$1,052,470.80

Amount of Expense Reimbursements Sought

as Actual, Reasonable and Necessary:

$0

Total Fees and Expenses 

Sought for Compensation Period

$1,052,470.80

This is a(n) X Monthly ___ Interim ___ Final Fee Application

This is the second consolidated monthly fee statement submitted by K&S in the PREPA Title III 

Case. 

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3

Index of Detailed Time and Expense Records

Exhibit A February 2023 Detailed Time and Expense Records

Exhibit B March 2023 Detailed Time and Expense Records

Exhibit C April 2023 Detailed Time and Expense Records

Exhibit D May 2023 Detailed Time and Expense Records

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4 

Principal Certification 

I hereby authorize the submission of this First Consolidated Monthly Fee Statement for 

February 2023 through May 2023. 

 

___________________________________ 

Name: Richard W. Cruz Franqui 

Title: General Counsel to the Puerto Rico Electric 

Power Authority 

 

Richard W. CruzFranqui

Digitally signed by Richard W. 

Cruz-Franqui 

Date: 2023.06.16 04:45:15 -04'00'

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5

On June 16, 2023, this Consolidated Monthly Fee Statement was sent via electronic mail to the Notice Parties 

identified below pursuant to the Interim Compensation Order: 

Counsel for the Oversight Board:

Proskauer Rose LLP 

Eleven Times Square

New York, NY 10036

Attn: Martin J. Bienenstock, Esq. 

(mbienenstock@proskauer.com)

Ehud Barak, Esq. 

(ebarak@proskauer.com)

Proskauer Rose LLP

70 West Madison Street 

Chicago, IL 60602

Attn: Paul V. Possinger, Esq. 

(ppossinger@proskauer.com)

O’Neill & Borges LLC

250 Muñoz Rivera Ave. Suite 800

San Juan, PR 00918

Attn: Hermann D. Bauer, Esq. 

(hermann.bauer@oneillborges.com)

Counsel for the AAFAF:

Marini Pietrantoni Muñiz LLC 

MCS Plaza, Suite 500

255 Ponce de León Ave

San Juan, PR 00917

Attn: Luis C. Marini-Biaggi, Esq. 

(lmarini@mpmlawpr.com)

Carolina Velaz-Rivero, Esq. 

(cvelaz@mpmlawpr.com)

Office of United States Trustee:

Edificio Ochoa, 500 Tanca Street, Suite 301

San Juan, PR 00901 

(re: In re: Commonwealth of Puerto Rico)

(USTP.Region21@usdoj.gov)

Counsel for the Official Committee of Unsecured 

Creditors:

Paul Hastings LLP

200 Park Ave.

New York, NY 10166

Attn: Luc. A Despins, Esq.

(lucdespins@paulhastings.com)

Casillas, Santiago & Torres LLC

El Caribe Office Building

53 Palmeras Street, Ste. 1601

San Juan, PR 00901

Attn: Juan J. Casillas Ayala, Esq.

(jcasillas@cstlawpr.com) 

Alberto J.E. Añeses Negrón, Esq.

(aaneses@cstlawpr.com)

Counsel for the Official Committee of Retired 

Employees:

Jenner & Block LLP 

1155 Avenue of the Americas

New York, NY 10036

Attn: Robert Gordon, Esq. 

(rgordon@jenner.com) 

Richard Levin, Esq. 

(rlevin@jenner.com)

Jenner & Block LLP

353 N. Clark Street

Chicago, IL 60654 

Attn: Catherine Steege, Esq.

(csteege@jenner.com)

Melissa Root, Esq. 

(mroot@jenner.com)

Bennazar, García & Milián, C.S.P.

Edificio Union Plaza, PH-A 

416 Ave. Ponce de León

Hato Rey, PR 00918

Attn: A.J. Bennazar-Zequeira, Esq.

(ajb@bennazar.org)

Puerto Rico Department of Treasury

Puerto Rico Department of Treasury

PO Box 9024140

San Juan, PR 00902-4140

Attn: Reylam Guerra Goderich

(Reylam.Guerra@hacienda.pr.gov)

Omar E. Rodríguez Pérez, CPA 

(Rodriguez.Omar@hacienda.pr.gov)

Angel L. Pantoja Rodríguez, 

(angel.pantoja@hacienda.pr.gov)

Francisco Parés Alicea, 

(francisco.pares@hacienda.pr.gov)

Francisco Peña Montañez, CPA,

(Francisco.Pena@hacienda.pr.gov)

Counsel for the Fee Examiner

EDGE Legal Strategies, PSC

252 Ponce de León Avenue

Citibank Tower, 12th Floor

San Juan, PR 00918

Attn: Eyck O. Lugo

(elugo@edgelegalpr.com)

Godfrey & Kahn, S.C.

One East Main Street, Suite 500

Madison, WI 53703

Attn: Katherine Stadler 

(KStadler@gklaw.com)

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Document Page 39 of 144
6

Summary of Legal Fees for the Period February 2023 through May 2023

PREPA – Fuel RFPs

Task Code Task Description Total Hours Billed Total Fees Requested

B803 Business Operations 6.2 $6,413.30

Total 6.2 $6,413.30

PREPA – Fee Applications

Task Code Task Description Total Hours Billed Total Fees Requested

B801 Asset Analysis and Recovery 3.5 $4,812.50 

B803 Business Operations 0.3 $326.10 

B804 Case Administration 0.7 $962.50 

B812 Fee/Employment Applications 99.4 $93,982.50 

Total 103.9 $100,083.60 

PREPA – Energy Resource RFPs

Task Code Task Description Total Hours Billed Total Fees Requested

B803 Business Operations 1,070.5 $943,799.90 

B812 Fee/Employment Applications 1.1 $1,195.70 

B813 N/A 0.9 $978.50 

Total 1,072.5 $945,974.10 

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7

Summary of Legal Fees for the Period February 2023 through May 2023

ACROSS ALL PREPA-RELATED MATTERS

Professional Position/Title Department Hourly 

Billing Rate

Total Billed 

Hours

Total 

Compensation

Bowe, Jim Partner Corporate, Finance 

and Investments

1087 143.1 155,549.70 

Cagle, Kim Partner Corporate, Finance 

and Investments

1009 0.2 $201.80 

Steinberg, Arthur Partner Corporate, Finance 

and Investments

1375 6.5 $8,937.50 

Davidson, Scott Counsel Corporate, Finance 

and Investments 1375 34.8 $47,850.00 

Futch, Kevin Counsel Corporate, Finance 

and Investments 1009 553.7 $558,380.60 

Cadavid, Miguel Associate Corporate, Finance 

and Investments

730 43.0 $31,390.00 

Langa, Fernando Associate Corporate, Finance 

and Investments

820 40.8 $33,619.20 

Martin, Silvia Associate Corporate, Finance 

and Investments

824 1.1 $902.00 

Rizk, Philip Associate Corporate, Finance 

and Investments

600 340.1 $204,060.00 

Schofield, Sarah Associate Corporate, Finance 

and Investments

600 19.3 $11,580.00 

TOTAL 1,182.6 $1,052,470.80

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Document Page 41 of 144
8

K&S requests payment of fees and reimbursement of expenses in accordance with the

procedures set forth in the Interim Compensation Order (i.e., payment of ninety percent (90%) of

the compensation sought) in the total amount of $947,223.72.

Case:17-03283-LTS Doc#:24742 Filed:07/14/23 Entered:07/14/23 16:46:47 Desc: Main

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9

Professional Certification

I hereby certify that no employee of the Puerto Rico Electric Power Authority is a party to 

or has any interest in the gains or benefits derived from the contracts that are the basis of these

invoices. The only consideration for providing services under the contract is the payment agreed

upon with the authorized representatives of the Puerto Rico Electric Power Authority. The amount 

of this invoice is reasonable. The services were rendered and the corresponding payment has not 

been made. To the best of my knowledge, King & Spalding LLP does not have any debts owed to 

the Government of Puerto Rico or its instrumentalities.

Dated: June 15, 2023

Washington D.C. 

/s/ Steven M. Kupka

Steven M. Kupka

KING & SPALDING LLP

1700 Pennsylvania Avenue, NW

Suite 900

Washington, DC 20006-4707

Tel: (202) 737-0500

Email: skupka@kslaw.com

Counsel for the Puerto Rico Electric Power 

Authority

Case:17-03283-LTS Doc#:24742 Filed:07/14/23 Entered:07/14/23 16:46:47 Desc: Main

Document Page 43 of 144
EXHIBIT A

February 2023 Detailed Time and Expense Records

See Attached.

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Document Page 44 of 144
Payment is Due Upon Receipt

 

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623788 

06/08/23 

26318 

366011 

RE: Fee Applications - Off Shore 

Client Matter Reference: 2023-P00020 For questions, contact: 

Steve Kupka +1 202 626 5518 

For Professional Services Rendered through 02/28/23: 

Fees $ 40,828.10 

Total this Invoice $ 40,828.10 

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26318 Puerto Rico Electric Power Authority Invoice No. 10623788 

366011 Fee Applications Page 2 

06/08/23

PROFESSIONAL SERVICES 

Date Timekeeper Description Hours 

02/01/23 S Schofield Prepare for virtual hearing by reviewing schedule and agenda 

(0.5); Attend virtual hearing (0.2) 

0.7 

02/02/23 M Cadavid Prepare for and attend Fee Examiner call with Professionals 

(0.6); prepare for and attend call with Fee Examiner, its counsel 

and S. Davidson (0.6) 

1.2 

02/02/23 S Davidson E-mails with M. Cadavid regarding Fee Examiner call (.3);

prepare for Fee Examiner call, including the review of first

interim fee application and related documents (1.2); conference

call with Fee Examiner’s team and M. Cadavid regarding status

and open matters (.4); review e-mails regrading documents

needed by Fee Examiner (.2)

2.1

02/02/23 A Steinberg Correspondence regarding fee examiner (.2); note from M. 

Cadavid (.2) 

0.4 

02/06/23 J Bowe Conference call with S. Kupka, A Steinberg, C. Kalpakis, K. 

Futch, S. Davidson regarding status of first interim fee 

application, preparation of monthly summaries for 2022 

0.3 

02/06/23 M Cadavid Call with S. Davidson to discuss status and plan for drafting 

Monthly Fee Statement (0.4); review memorandums sent by Fee 

Examiner re: fee application process (0.5); emails with S. 

Davidson re: same (0.2) 

1.1 

02/06/23 S Davidson E-mails and phone conversation with A. Steinberg regarding

status of compensation process (.5); e-mails with M. Cadavid 

regarding same (.3); review certain materials in connection with 

monthly fee statement process (.7); discussions with M. Cadavid 

regarding same (.2); conference call with PREPA team 

regarding status of compensation process (.4); discussions with 

M. Cadavid regarding same (.2); review third interim

compensation order and phone conversation with A. Steinberg

regarding next interim fee application (.4). Total: 2.7

2.7

02/06/23 A Steinberg Call with S. Kupka regarding Puerto Rico fees (.4); call with S. 

Davidson regarding Puerto Rico fees (.3) 

0.7 

02/07/23 M Cadavid Collect all PREPA-K&S contracts and send same to K&S group 

(0.7); finalize same and send email to Fee Examiner with all 

such contracts (0.2); draft consolidated Monthly Fee Statement 

for April 2022 to January 2023 (0.7) 

1.6 

02/07/23 S Davidson Review e-mail from M. Cadavid regarding outstanding contracts 

and compensation procedures (.2); e-mail to M. Cadavid 

regarding upcoming consolidated monthly fee statement (.2); 

review e-mail and phone conversation with M. Cadavid 

regarding contracts to send to Fee Examiner (.3); review certain 

executed contracts (.5) 

1.2 

02/08/23 M Cadavid Draft consolidated Monthly Fee Statement for April 2022 to 4.3 

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26318 Puerto Rico Electric Power Authority Invoice No. 10623788 

366011 Fee Applications Page 3 

06/08/23

Date Timekeeper Description Hours 

January 2023 (1.4); review and provide comments to January 

invoices re: compliance with Fee Examiner and fee application 

guidelines (0.7); review and compile invoices for consolidated 

Monthly Fee Statement in preparation for submission to notice 

parties (0.9); coordinate PREPA execution of authorizing 

certification and attention to correspondences re: purpose of 

certification and fee application/monthly fee statement process 

(1.3) 

02/08/23 S Davidson E-mails and discussions with M. Cadavid regarding status of

consolidated monthly fee statement(.3); review draft of monthly

fee statement (.4); review certain financial information

regarding same (.5); revisions to monthly fee statement and

circulate to M. Cadavid (.5); e-mails regarding same (.4)

2.1 

02/09/23 M Cadavid Revised draft consolidated Monthly Fee Statement for April 

2022 to January 2023 per K&S group comments (0.8); review 

invoice history report in connection with same and verify 

compliance with Fee Examiner guidelines (0.5); draft and send 

email to PREPA outlining requirements under the Interim Fee 

Order and the Fee Examiner guidelines, including certification 

requirement (0.8); finalize draft consolidated Monthly Fee 

Statement and compile exhibits thereto (0.9); coordinate 

compiling LEDES data for submission to the Fee Examiner with 

the finance department (0.6) 

3.6 

02/09/23 S Davidson E-mails and phone conversations with M. Cadavid regarding

status of consolidated monthly fee statement(.6); phone 

conversations regarding certain information for monthly fee 

statement (.6); review current draft of monthly fee statement and 

provide additional comments (.6); numerous e-mails with M. 

Cadavid and team regarding monthly fee statement and 

information regarding same (.9) 

2.7 

02/09/23 S Schofield Revise fee application to incorporate compensation and expense 

amounts 

0.8 

02/10/23 M Cadavid Call with PREPA to discuss fee application and monthly fee 

statement process (0.7); call with PREPA General Counsel to 

discuss certification requirement (0.4); finalize consolidated 

Monthly Fee Statement for April 2022 to January 2023 and 

circulate same to all notice parties (1.7); finalize and send 

LEDES data to Fee Examiner (0.4) 

3.2 

02/10/23 S Davidson Numerous e-mails and phone conversations with M. Cadavid, 

K. Futch et al. throughout day regarding status of consolidated

monthly fee statement (1.3); review financial information and

revisions to monthly fee statement (.4); e-mails with tea,

regarding same (.5); review final draft of monthly fee statement

(.3); e-mails and phone conversation with A. Steinberg

regarding same (.3); various e-mails and phone conversations

regarding coordinating submission of monthly fee statement (.8)

3.6

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26318 Puerto Rico Electric Power Authority Invoice No. 10623788 

366011 Fee Applications Page 4 

06/08/23

Date Timekeeper Description Hours 

02/10/23 S Schofield Review and verify information set forth in invoices for 

attachment to fee application (0.8); Confirm list of notice 

recipients for fee application (0.4) 

1.2 

02/10/23 A Steinberg Correspondence regarding draft of monthly fee statement with 

S. Davidson

0.4

02/17/23 S Schofield Correspond with M. Cadavid re: planning for upcoming fee 

application 

0.1 

02/20/23 S Davidson Review e-mails regarding fee issues (.3); e-mail to M. Cadavid 

regarding status of consolidated monthly fee statement (.3) 

0.6 

02/21/23 M Cadavid Discussion with S. Davidson re: reconciliation of invoices and 

payments for Monthly Fee Statement covering April 2022 to 

January 2023 (0.6); email correspondences with C. Kalpakis and 

T. Jenkins re: same (0.6)

1.2

02/21/23 S Davidson Review materials regarding consolidated monthly fee statement 

and procedures (.3); e-mails with M. Cadavid regarding same 

(.2); discussions with M. Cadavid regarding response deadline 

and reconciling amounts (.2) 

0.7 

02/22/23 M Cadavid Reconcile invoices and payments for Monthly Fee Statement 

covering April 2022 to January 2023 to ensure 90% hold back 

for fees (0.6); email correspondences with C. Kalpakis re: same 

and treatment of tax withholding (0.3); draft and send email to 

PREPA and AAFAF with Monthly Fee Objection Statement 

(0.5) 

1.4 

02/22/23 S Davidson Review materials regarding consolidated monthly fee statement, 

payments and related matters (.6); e-mails with M. Cadavid 

regarding same (.3); discussions with M. Cadavid regarding 

same (.2); review e-mail to PREPA and AAFAF regarding same 

(.1) 

1.2 

02/23/23 M Cadavid Email correspondences with F. Santos and N. Morales (PREPA) 

re: Monthly Fee Objection Statement and reconciliation of 

outstanding payments 

0.3 

02/23/23 S Davidson Review e-mails regarding consolidated monthly fee statement 

and payments 

0.2 

02/23/23 S Schofield Call with M. Cadavid for upcoming fee application 0.3 

39.9

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26318 Puerto Rico Electric Power Authority Invoice No. 10623788 

366011 Fee Applications Page 5 

06/08/23

TIMEKEEPER SUMMARY 

Timekeeper Status Hours Rate Value

Jim Bowe Partner 0.3 1087.00 326.10

Arthur Steinberg Partner 1.5 1375.00 2,062.50

Scott Davidson Counsel 17.1 1375.00 23,512.50 

Miguel Cadavid Associate 17.9 730.00 13,067.00 

Sarah Schofield Associate 3.1 600.00 1,860.00 

Total 39.9 40,828.10

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26318 Puerto Rico Electric Power Authority Invoice No. 10623788 

366011 Fee Applications Page 6 

06/08/23

Task Summary 

Task Hours 

B803 Business Operations 0.3

B804 Case Administration 0.7

B812 Fee/Employment Applications 38.9

Total 39.9

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Document Page 50 of 144
Payment is Due Upon Receipt

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623788 

06/08/23 

26318 

366011 

RE: Fee Applications 

Client Matter Reference: 2023-P00020 For questions, contact: 

Steve Kupka +1 202 626 5518 

REMITTANCE 

Please return this page with your remittance. 

Amount Due This Invoice $40,828.10 

We certify under penalty of nullity that no public servant of the 

Puerto Rico Electric Power Authority, their respective subsidiaries or 

Professional Services Agreement King and Spalding, LLP 

affiliates, will derive or obtain any benefit or profit of any kind from 

the contractual relationship which is the basis of this invoice. If such 

benefit or profit exists, the required waiver has been obtained prior to 

entering into the Agreement. The only consideration to be received in 

exchange for the delivery of goods or for services provided is the 

agreed -upon price that has been negotiated with an authorized 

representative of the Puerto Rico Electric Power Authority. The total 

amount shown on this invoice is true and correct. The services have 

been rendered, and no payment has been received. 

_____________________________ 

King & Spalding Representative 

Case:17-03283-LTS Doc#:24742 Filed:07/14/23 Entered:07/14/23 16:46:47 Desc: Main

Document Page 51 of 144
Payment is Due Upon Receipt

 

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623791 

06/08/23 

26318 

366012 

RE: Energy Resource RFPs - On Shore 

Client Matter Reference: 2023-P00020 For questions, contact: 

Steve Kupka +1 202 626 5518 

For Professional Services Rendered through 02/28/23: 

Fees $ 102,716.20 

Total this Invoice $ 102,716.20 

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Document Page 52 of 144
26318 Puerto Rico Electric Power Authority Invoice No. 10623791 

366012 Energy Resource RFPs Page 2 

06/08/23 

PROFESSIONAL SERVICES 

Date Timekeeper Description Hours 

02/01/23 K Futch Prepare for and attend to PREPA working group call (2.7); 

prepare template for closing date amendments (2.9); review 

project status and prepare project agreement matrix (1.3); and 

review LCOS proposal from proponent (0.3) 

7.2 

02/02/23 K Futch Review and revise multiple versions of closing date 

amendments (3.4); draft email on tranche 1 pricing (0.6); call 

with D&V on tranche 1 pricing (0.3); prepare fact sheet 

regarding news article (3.1) 

7.4 

02/03/23 K Futch Review and revise closing date amendments (1.1); draft Aguirre 

letter (2.1); draft email on admin expenses (0.8); revising project 

matrix on latest status (0.4); drafting cover email on fact sheet 

(0.3); finalizing fact sheet re generation RFP (0.9); coordinating 

with LUMA on frequency response (0.4); draft cover email for 

PPOA / ESSA amendments (0.6) 

6.6 

02/04/23 K Futch Review cover email for closing date amendments (0.4); review 

and revise aguirre letter (1.8). 

2.2 

02/05/23 K Futch Revise Aguirre policy letter relating to the Tranche 1 RFP. 1.1 

02/06/23 K Futch Draft PPOA amendments. 4.7 

02/07/23 K Futch Revise financial disclosure (0.9); review and revise letter of 

credit (0.7); review comments from DOE (1.1); review and 

revise Resource Provider PPOA for DOE (2.3); review 

precedent on termination payments and compare (1.3); exchange 

emails and calls with J. Bowe on DOE comments (0.9) 

7.2 

02/08/23 K Futch Prepare for and attend working group call (3.2); review and 

update project matrix (0.8); follow up on admin expense issue 

(0.3), prepare for and meet with resource provider to discuss 

amendments (1.7), and research termination payments and 

discuss with J. Bowe (0.8) 

6.8 

02/09/23 K Futch Review PPOA for potential amendments (3.7); discuss DOE 

issues with J. Bowe (0.3); draft emails and respond to resource 

provider questions (1.2); coordinate distribution of 

interconneciton studies (0.3); discuss project issues with J. 

Bowe (0.6); review updates to template amendment (0.6) 

6.7 

02/10/23 K Futch Review feedback on termination payments (0.2); call with 5.7 

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Document Page 53 of 144
26318 Puerto Rico Electric Power Authority Invoice No. 10623791 

366012 Energy Resource RFPs Page 3 

06/08/23 

Date Timekeeper Description Hours 

Ankura on DOE PPOA amendments (0.6); Draft PPOA 

amendments (4.9). 

02/13/23 K Futch Review memos on DOE mark-ups of PPOAs and related 

regulations (1.1); participate in call with Ankura on DOE 

comments (1.0); review correspondence on closing date 

amendments (0.2); draft email on termination payments (2.3) 

4.6 

02/14/23 K Futch Draft email to LUMA regarding sectionalizers and PLA (0.4); 

review email from resource provider and email group (0.6); 

review proponent mark-ups of PPOA amendments (1.7); discuss 

mark-up with proponent (0.8); draft email to K. Cagle 

requesting dividend restrictions (0.5); and review FOMB 

approval and follow up on grid services agreement (0.4) 

4.4 

02/15/23 K Futch Draft responses to Resource Provider questions (1.2); review 

developer final reports (0.4); prepare agenda for and attend to 

working group meeting (2.6); review best interest letters (0.3); 

calls with J.Bowe on financial issues and avoided costs (0.9); 

review and revise communication to resource providers (0.6); 

review and communicate with FOMB on renewables projects 

(1.4) 

7.4 

02/16/23 K Futch Draft justification memo on PPOA amendments and next steps 

(3.8); attend call with VPP proponent (0.3); review and revise 

letter regarding delays (0.7); attend working group meeting (1.4) 

6.2 

02/16/23 K Futch Draft memo on project facing financial constraints and potential 

amendments 

3.5 

02/17/23 K Futch Draft memo on project facing financial constraints and potential 

amendments 

2.7 

02/17/23 K Futch Discuss interconnection delay issues with J. Bowe (0.3); review 

execution version of GSA (1.2); coordinate finalizaiton of 

closing date amendment (0.4); review and revise memo on 

resource provider amendments (2.5) 

4.4 

02/18/23 K Futch Draft memo on project facing financial constraints and potential 

amendments 

2.3 

02/20/23 K Futch Finalize closing date amendments and follow up with PREPA 

for signing 

0.9 

02/21/23 K Futch Draft memo to governing board on amendments 2.2 

02/22/23 K Futch Revise letter on LUMA delays 1.4 

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26318 Puerto Rico Electric Power Authority Invoice No. 10623791 

366012 Energy Resource RFPs Page 4 

06/08/23 

Date Timekeeper Description Hours 

02/23/23 K Futch Revise memo for governing board on PPOA amendments 0.8 

02/24/23 K Futch Review draft motion and provide comments 1.3 

02/26/23 K Futch Revise memo on PPOA amendments 2.7 

02/28/23 K Futch Attend calls on resource provider amendments (1.4) 1.4 

 101.8 

TIMEKEEPER SUMMARY 

 

Timekeeper Status Hours Rate Value 

Kevin Futch Counsel 101.8 1009.00 102,716.20 

Total 101.8 102,716.20 

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Document Page 55 of 144
26318 Puerto Rico Electric Power Authority Invoice No. 10623791 

366012 Energy Resource RFPs Page 5 

06/08/23 

 

Task Summary 

 

Task Hours Value 

B803 Business Operations 101.8 102,716.20 

Total 101.8 102,716.20 

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Document Page 56 of 144
Payment is Due Upon Receipt

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623791 

06/08/23 

26318 

366012 

RE: Energy Resource RFPs 

Client Matter Reference: 2023-P00020 For questions, contact: 

Steve Kupka +1 202 626 5518 

REMITTANCE 

Please return this page with your remittance. 

Amount Due This Invoice $102,716.20 

We certify under penalty of nullity that no public servant of the 

Puerto Rico Electric Power Authority, their respective subsidiaries or 

Professional Services Agreement King and Spalding, LLP 

affiliates, will derive or obtain any benefit or profit of any kind from 

the contractual relationship which is the basis of this invoice. If such 

benefit or profit exists, the required waiver has been obtained prior to 

entering into the Agreement. The only consideration to be received in 

exchange for the delivery of goods or for services provided is the 

agreed -upon price that has been negotiated with an authorized 

representative of the Puerto Rico Electric Power Authority. The total 

amount shown on this invoice is true and correct. The services have 

been rendered, and no payment has been received. 

_____________________________ 

King & Spalding Representative 

Case:17-03283-LTS Doc#:24742 Filed:07/14/23 Entered:07/14/23 16:46:47 Desc: Main

Document Page 57 of 144
Payment is Due Upon Receipt

 

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623792 

06/08/23 

26318 

366012 

RE: Energy Resource RFPs - Off Shore 

Client Matter Reference: 2023-P00020 For questions, contact: 

Steve Kupka +1 202 626 5518 

For Professional Services Rendered through 02/28/23: 

Fees $ 99,072.70 

Total this Invoice $ 99,072.70 

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Document Page 58 of 144
26318 Puerto Rico Electric Power Authority Invoice No. 10623792 

366012 Energy Resource RFPs Page 2 

06/08/23 

PROFESSIONAL SERVICES 

Date Timekeeper Description Hours 

02/01/23 J Bowe Register with PREB/Accion Group for Tranche 3 0.1 

02/01/23 J Bowe Participate in PREPA Tranche 1 working group conference call 

regarding status of interconnection studies, transmission 

interconnections and network upgrades 

1.7 

02/01/23 P Rizk Call with K.Futch to discuss matrix and edit Aguirre letter (2.0); 

draft and edit closing date amendment (2.0); PREPA weekly call 

(2.3); Call with proponent (1.0); organize and coordinate 

proposal securities (0.5) 

7.8 

02/02/23 J Bowe Review and respond to emails from K. Futch regarding planned 

approach to dealing with Tranche 1 price increases 

0.2 

02/02/23 P Rizk Coordinate and update proposal security, as well as edit closing 

date amendment draft (3.7); review resource provider 

documents for timeline and upcoming deliverables (0.4) 

4.1 

02/03/23 J Bowe Review and address emails from, to K. Futch, P Possinger 

(Proskauer) regarding language to be presented to FOMB 

regarding treatment of PPOA expenses 

0.5 

02/03/23 P Rizk Edit and update PPOA amendments, as well as discuss 

deliverables with K.Futch (1.5); review Aguirre letter (0.5); 

confer with proponents on proposal securities and CP process 

(1.9) 

3.9 

02/04/23 J Bowe Review and comment upon form of letter to proponents 

regarding amendments to PPOAs and ESSAs regarding 

extension of time, respond to K. Futch and P. Rizik 

0.2 

02/04/23 P Rizk Review and correspond with proponents on PPOA amendment 0.9 

02/05/23 J Bowe Review and comment upon Aguirre interconnection letter 0.6 

02/05/23 J Bowe Complete review of Aquire interconnection letter, transmit to K. 

Futch, P. Rizik 

0.2 

02/05/23 P Rizk Review and correspond with internal team on aguirre letter 0.6 

02/06/23 J Bowe Review press reports regarding Genera PR outsourcing 

arrangement (0.1); inquire with K&S team regarding details 

(0.1) 

0.2 

02/06/23 P Rizk Review and revise proponent timeline (0.6); confer with 

proponents re: same (0.3) 

0.9 

02/07/23 J Bowe Search for slide putting forth DOE comment on bankability of 

PPOAs per K. Futch request; e-mails from, to K. Futch 

regarding same 

0.6 

02/07/23 J Bowe Teleconference with K. Futch regarding DOE points on 

financeabilty of PPOAs, search for DOE slide regarding same 

0.3 

02/07/23 P Rizk Edit letter regarding PREPA financial disclosures (1.0); draft 

remaining closing date amendments and prepare draft emails 

4.2 

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06/08/23 

Date Timekeeper Description Hours 

(2.5); edit LC proposal letter (0.7) 

02/08/23 J Bowe Participate in PREPA Tranche 1 RFP Working Group 

conference call with PREPA representatives; discuss same with 

K. Futch (0.5); discuss status of certain proponent projects with 

K. Futch (0.2) 

0.7 

02/08/23 J Bowe Review K. Futch response to e-mail on PPOA termination 

provisions (0.5); review agenda for Tranche 1 RFP working 

group call (0.1) 

0.6 

02/08/23 J Bowe Participate in PREPA Tranche 1 RFP Working Group 

conference call regarding status of Tranche 1 contracts with 

PREPA and LUMA representatives 

1.1 

02/08/23 J Bowe Teleconference with K. Futch regarding termination payments 

under power purchase agreements, research same, discuss 

matter with S. Zisman, e-mail K. Futch regarding same 

1.1 

02/08/23 P Rizk Follow-up with proponents and draft meeting agenda (1.0); 

PREPA weekly meeting (2.3) 

3.3 

02/09/23 J Bowe Research FERC docket materials relating to NF Energia FERC 

show cause proceeding per A. Rodriguez request, discuss same 

with K. Futch (0.6); discuss need to confer with PREPA, 

AAFAF and DOE representatives regarding proposed revisions 

to PPOAs and ESSAs (0.2) 

1.0 

02/09/23 J Bowe Review K. Futch messages to Ankura regarding potential 

impacts of DOE involvement in PPOA and ESSA structuring, 

consider same 

0.3 

02/09/23 F Langa Review and revise proponent PPOA per K. Futch comments 0.4 

02/09/23 P Rizk Update template amendment and task tracker (1.2); coordinate 

receipt of proponent interconnection studies (0.6) 

1.8 

02/10/23 J Bowe Review correspondence relating to DOE LPO proposals to 

revise PPOAs, prepare for call with Ankura relating to same 

0.6 

02/10/23 J Bowe Participate in conference call with F. Santos, Ankura 

representatives (G. Gil, J. San Miguel, L. Porter), S. Kupka, K. 

Futch regarding DOE LPO efforts to secure changes to PPOAs 

and potential implications for PREPA RE RFP Tranches 1 and 2 

0.6 

02/10/23 F Langa Review and analyze proponent PPOA (1.5); review and analyze 

slides regarding proponent’s financial challenges to continue to 

continue with PPOA (0.4); draft amendment to PPOA (1.1); 

conference call with Kevin Futch to discuss how to proceed with 

PPOA amendment and side letter (0.7) 

3.7 

02/10/23 P Rizk Confer with proponents on interconnection studies 0.7 

02/12/23 J Bowe Review summaries of FOMB Plan of Adjustment for PREPA 

(0.1), review press reports regarding hearing on Genera PR (0.2) 

0.3 

02/13/23 J Bowe Review, comment upon K. Futch email to Ankura 

representatives regarding DOE LPO proposed changes to 

PPOAs 

0.3 

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26318 Puerto Rico Electric Power Authority Invoice No. 10623792 

366012 Energy Resource RFPs Page 4 

06/08/23 

Date Timekeeper Description Hours 

02/13/23 J Bowe Review P&A memos (by CGSH) addressing DOE LPO 

comments on PREPA forms of PPOA, consider same (0.8); 

review FERC regulations addressing OF right to sell energy to 

PREPA at PREPA's avoided cost and transmit same to K. Futch 

(0.4) 

1.2 

02/13/23 J Bowe Call with K. Futch to discuss potential call with Ankura and 

AFAAF and PURPA put issue 

0.4 

02/13/23 J Bowe Participate in conference call with Ankura representatives (F. 

Battle, G. Gil), K. Futch regarding issues raised by DOE LPO 

with forms of PREPA PPOA and bank-ability concerns 

0.9 

02/13/23 P Rizk Confer with proponent on outstanding comments to closing date 

amendment and interconnection issue (0.5); confer with 

proponent on the same (0.3); confer with proponent on capacity 

increase considerations (0.4) 

1.2 

02/14/23 J Bowe Review K. Futch email to D. Hernandez (LUMA) regarding 

construction of sectionalizers and PLA applicability, proposed 

objections to same (0.2); review NFE correspondence regarding 

FSPA (0.2) 

0.4 

02/14/23 J Bowe Research PREPA tariff books, PREPA dockets for source of 

cost determination applicable to PREPA (0.6); exchange emails 

with K. Futch regarding same (0.3) 

0.9 

02/14/23 K Cagle Provide example of Restricted Payments covenant and related 

definitions in connection with amendment to power purchase 

agreement with power project company in financial difficulties 

0.2 

02/14/23 F Langa Review and analyze proponent PPOA (1.0); review and analyze 

escrow agreement of proponent (0.5); review and analyze slides 

regarding proponent’s financial challenges to continue with 

PPOA (0.4); analyze and revise side letter to PPOA (1.1); 

conference call with Francisco Santos and Gerard Gil regarding 

how to proceed with proponent (0.8) 

3.8 

02/14/23 P Rizk Follow-up with proponents on closing date extension (0.6); meet 

with K.Reyes to discuss budget discrepancies and correspond 

with K.Futch (0.7); draft proponent response letter (1.3); finalize 

first draft of best interest determination letter (1.2) 

3.8 

02/15/23 J Bowe Review reports regarding objection to PREPA plan of 

adjustment (0.1); review K. Futch comment on e-mail 

addressing proponent Interconnection concerns (0.2) 

0.3 

02/15/23 J Bowe Participate in PREPA RE RFP Tranche 1 Working group 

conference call 

1.7 

02/15/23 J Bowe Research treatment of solar resources and avoided cost 

treatment under PURPA relevant to PR solar projects (0.3); 

teleconference with K. Futch regarding characterization of 

avoided cost for response to Ankura and potential consideration 

in termination payment discussion with DOE LPO personnel 

0.9 

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26318 Puerto Rico Electric Power Authority Invoice No. 10623792 

366012 Energy Resource RFPs Page 5 

06/08/23 

Date Timekeeper Description Hours 

(0.3); discuss PREB approved payment to QFs with K. Futch 

(0.3) 

02/15/23 J Bowe Teleconference with K. Futch regarding issue with operation 

proposed with financial issues 

0.2 

02/15/23 F Langa Review and analyze proponent PPOA (1.2); review and analyze 

escrow agreement of proponent (0.3); review and analyze slides 

regarding proponent’s challenges to continue with PPOA (0.4); 

analyze and revise side letter to PPOA (1.1); analyze and revise 

memorandum regarding how to proceed with proponent’s 

financial challenges (1.5) 

4.5 

02/15/23 P Rizk Correspond with working group and compile closing date 

amendments (1.2); edit closing date communications to August 

agreements (0.8); edit best interests letter (1.1); update meeting 

agenda and update closing date tracker (0.6); prepare for and 

participate in weekly meeting with PREPA (1.5) 

5.2 

02/16/23 J Bowe Participate in PREPA RE RFP Working Group conference call; 

discuss interconnection delay issues, status of individual 

renewable generation and energy storage projects selected in 

Tranche 1, need for extensions of time, letters communicating 

same to proponents 

1.1 

02/16/23 J Bowe Review and provide comments to P. Rizk draft of letter to 

LUMA regarding delays 

0.6 

02/16/23 J Bowe Conference call with VPP proponent, R. Cruz, K. Futch 

regarding execution of GSA, next steps (0.2); revise P. Rizk 

draft letters to LUMA regarding delay (0.2) 

0.4 

02/16/23 J Bowe Review revised version of letters to LUMA reflecting K. Futch 

and P. Rizk comments 

0.6 

02/16/23 P Rizk Meet with working group and K. Futch (1.4); draft PREPA letter 

on delays (1.5); Coordinate with S&L team on budget 

discrepancy (0.5); coordinate with two proponents and LUMA 

on interconnection studies (0.5) 

3.9 

02/17/23 J Bowe Respond to F. Santos e-mail regarding letters to LUMA 

regarding interconnection delay issues, discuss same with K. 

Futch (0.3); discuss status of Tranche 1 RFP and need for 

discussion among all relevant parties on salvaging of Tranche 1 

projects (0.3) 

0.6 

02/17/23 J Bowe Review memo regarding resource provider justification for 

release of security, other measures intended to address financial 

issues per K. Futch request 

0.3 

02/17/23 J Bowe Review revisions to letter to LUMA regarding interconnection 

process and respond to e-mails regarding same from K. Futch, 

P. Rizk 

0.2 

02/17/23 F Langa Analyze and revise memorandum regarding how to proceed 

with proponent’s financial challenges (3.6) 

3.6 

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26318 Puerto Rico Electric Power Authority Invoice No. 10623792 

366012 Energy Resource RFPs Page 6 

06/08/23 

Date Timekeeper Description Hours 

02/17/23 P Rizk Update PREPA letter on delays (1.2); Coordinate with S&L 

team on budget discrepancy (0.7); coordinate with proponents 

on interconnection studies (1.2); review and prepare GSA in 

execution version (2.2); finalize closing date amendments (0.5) 

5.8 

02/18/23 J Bowe Review memo regarding proponent project financial issues and 

recommendations for provision of relief from credit support 

requirements, transmit revised memo to K. Futch 

1.0 

02/19/23 J Bowe E-mails with K. Futch regarding call on Tranche 1 RFP 2/22 0.1 

02/20/23 J Bowe Review and revise OMM draft of memo on proponent bond 

payment issue and measures PREPA may consider to address 

liquidity issues 

0.9 

02/20/23 P Rizk Review and analyze source of budget discrepancy (0.6); review 

and edit GSA in execution form (2.1); edit, review, and 

coordinate sending August 2022 signed agreements to 

proponents (1.3); coordinate with proponents and LUMA team 

on interconnection studies (1.2) 

5.2 

02/21/23 J Bowe E-mails with M. Di Conza (OMM), K. Futch regarding 

proponent memo, next steps 

0.3 

02/21/23 J Bowe Review final version of PREPA memo regarding proponent 

financial difficulties, e-mails from, to Ankura consultants, K. 

Futch regarding same 

0.4 

02/21/23 J Bowe Review reports regarding opposition to utility - scale solar 

projects on PR agricultural lands 

0.2 

02/21/23 P Rizk Coordinate meetings and emails with proponents and review and 

distribute multiple sets of interconnection studies (2.3); draft 

closing date amendment memo to PREPA (2.6); meet with 

K.Futch regarding outstanding items (0.4) 

5.3 

02/22/23 J Bowe E-mails from, to M. Vazquez (D&V), F. Santos regarding 

converting letter to LUMA to motion to PREB, discuss 

alternative approaches to same with M. Vazquez, F. Santos, 

consider same 

0.2 

02/22/23 J Bowe Teleconference with K. Futch regarding PREPA Board direction 

on filing of letter with PREB 

0.1 

02/22/23 P Rizk Meet with proponent (0.5); draft letter to LUMA (1.3); confer 

with proponents to coordinate calls to discuss Tranche 1 projects 

(0.8); review task tracker and notes for meeting agenda (0.3) 

2.9 

02/23/23 J Bowe Participate in PREPA Tranche 1 RFP Working Group 

conference call on status of Tranche 1 projects, LUMA 

interconnection issues and timeline for interconnection 

completion and project synchronization 

1.9 

02/23/23 J Bowe Review, comment upon draft motion to PREB regarding 

LUMA-imposed delays and need for orders addressing same, 

teleconference regarding same with K. Futch 

0.9 

02/23/23 J Bowe E-mails from, to D. Zabala (S&L), K. Futch regarding motion to 0.2 

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26318 Puerto Rico Electric Power Authority Invoice No. 10623792 

366012 Energy Resource RFPs Page 7 

06/08/23 

Date Timekeeper Description Hours 

PREB on LUMA - related delays in Tranche1 RFP process 

02/23/23 J Bowe E-mails from, to , call with K. Futch regarding attendance at 

Governing Board meeting regarding proponent financial 

situation 

0.2 

02/23/23 P Rizk Prepare for and participate in PREPA Tranche 1 RFP Working 

Group 

conference call (1.9); address emails with K. Futch re: same 

(0.3) 

2.2 

02/24/23 J Bowe E-mails regarding VPP proponent certificate (0.1), letters to 

LUMA (0.1), transfer of control of generation to PREPA (0.1) 

0.3 

02/24/23 J Bowe Review LUMA and PREPA response to proponent questions 

and consider inclusion of same in motion to be filed with PREB 

2/24 

0.4 

02/24/23 J Bowe Review, comment upon draft letter to LUMA regarding 

interconnection delays 

0.5 

02/24/23 J Bowe Review revised version of motion to PREB relating to LUMA - 

induced delays 

0.7 

02/24/23 P Rizk Confer with proponent on sharing requested information in 

connection with running interconnection studies (0.3); confer 

with proponent for the same (0.2); confer with working group 

on updated interconnection study information shared by 

proponent (0.4); provide access to PREPA working team on 

various proponent files (0.3); meet with proponent regarding 

issues meeting certain RFP requirements (0.4); draft PREPA 

letter addressing delays to the tranche 1 RFP process (2.7) 

4.3 

02/25/23 J Bowe Review, respond to K. Futch e-mails regarding requirements on 

interconnection arrangements imposed by other U.S. 

jurisdictions (0.4); research documents limiting TSP liability to 

Market Participants per K. Futch request (0.3) 

0.7 

02/25/23 J Bowe Review Ankura revisions to memo to J. Colon regarding 

proponent coal project financial issues per K. Futch request, 

comment on same (0.7); review Ankura draft PPT on 

recommended course of action and transmit to K. Futch (0.7) 

1.4 

02/25/23 J Bowe Teleconference with K. Futch regarding comments on Ankura 

slide deck for proponent coal plant financial relief discussion; 

transmit markup of same to Ankura and PREPA teams 

0.4 

02/25/23 J Bowe Review, respond to OMM and F. Santos e-mails regarding 

distribution of draft slides to J. Colon 

0.3 

02/25/23 J Bowe Review OMM comments on Ankura draft slide deck and 

Governing Board memo on proponent financial situation 

0.3 

02/26/23 J Bowe E-mails among PREPA, Ankura and K&S representatives 

regarding finalizing memo for Governing Board and related 

presentation addressing proponet PR financial issues 

0.2 

02/27/23 J Bowe Prepare for, participate in conference call with PREPA 2.9 

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26318 Puerto Rico Electric Power Authority Invoice No. 10623792 

366012 Energy Resource RFPs Page 8 

06/08/23 

Date Timekeeper Description Hours 

Governing Board, representatives of PREPA, Ankura, OMM, 

resource provider on subject of resource provider financial 

issues and possible responses(1.9); call with PREPA to discuss 

same (0.7); advise working group regarding same (0.3) 

02/27/23 J Bowe Teleconference with K. Futch regarding results of meeting with 

PREPA Governing Board and advisors regarding proponent 

financial issues and possible next steps 

0.4 

02/27/23 P Rizk Confer with proponent on grid service agreement signing 

conditions (0.4); confer with proponent on preparing an 

execution version of the closing date amendment draft (0.3); 

confer with proponent on preparing an execution version of the 

closing date amendment draft (0.3); confer with proponent on 

MTR compliance documentation required (0.2); draft initial 

parts of communication 17 letter to proponents (0.6) 

1.8 

02/28/23 J Bowe Conference call with PREPA advisors (Ankura, OMM, K&S) 

regarding proponent PR financial condition and possible 

resolution, alternative paths forward, feasibility of re-powering 

option, accuracy of proponent projections, next steps 

1.0 

02/28/23 J Bowe Review M. Zapata comments on motion regarding LUMA -

induced delays and comment on same (0.2); transmit article on 

PJM concerns relating to baseload requirements (0.3) 

0.5 

02/28/23 J Bowe Teleconference with K. Futch regarding possible positioning of 

deal to re-power facility so that RFP would not be required; 

review K. Futch e-mail addressing same 

0.4 

02/28/23 P Rizk Revise initial draft of communication 17 letter to be distributed 

to proponents (2.4); confer with proponent on executed 

amendment to the PPOA (0.5) 

2.9 

 127.6 

TIMEKEEPER SUMMARY 

 

Timekeeper Status Hours Rate Value 

Jim Bowe Partner 38.7 1087.00 42,066.90 

Kim Cagle Partner 0.2 1009.00 201.80 

Fernando Langa Associate 16.0 824.00 13,184.00 

Philip Rizk Associate 72.7 600.00 43,620.00 

Total 127.6 99,072.70 

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Document Page 65 of 144
26318 Puerto Rico Electric Power Authority Invoice No. 10623792 

366012 Energy Resource RFPs Page 9 

06/08/23 

 

Task Summary 

 

Task Hours Value 

B803 Business Operations 126.5 97,877.00 

B812 Fee/Employment Applications 1.1 1,195.70 

Total 127.6 99,072.70 

Case:17-03283-LTS Doc#:24742 Filed:07/14/23 Entered:07/14/23 16:46:47 Desc: Main

Document Page 66 of 144
Payment is Due Upon Receipt

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623792 

06/08/23 

26318 

366012 

RE: Energy Resource RFPs 

Client Matter Reference: 2023-P00020 For questions, contact: 

Steve Kupka +1 202 626 5518 

REMITTANCE 

Please return this page with your remittance. 

Amount Due This Invoice $99,072.70 

We certify under penalty of nullity that no public servant of the 

Puerto Rico Electric Power Authority, their respective subsidiaries or 

Professional Services Agreement King and Spalding, LLP 

affiliates, will derive or obtain any benefit or profit of any kind from 

the contractual relationship which is the basis of this invoice. If such 

benefit or profit exists, the required waiver has been obtained prior to 

entering into the Agreement. The only consideration to be received in 

exchange for the delivery of goods or for services provided is the 

agreed -upon price that has been negotiated with an authorized 

representative of the Puerto Rico Electric Power Authority. The total 

amount shown on this invoice is true and correct. The services have 

been rendered, and no payment has been received. 

_____________________________ 

King & Spalding Representative 

Case:17-03283-LTS Doc#:24742 Filed:07/14/23 Entered:07/14/23 16:46:47 Desc: Main

Document Page 67 of 144
Payment is Due Upon Receipt

 

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623833 

06/08/23 

26318 

366007 

RE: Fuel RFPs - Off Shore For questions, contact: 

Steve Kupka +1 202 626 5518 

For Professional Services Rendered through 02/28/23: 

Fees $ 1,739.20 

Total this Invoice $ 1,739.20 

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Document Page 68 of 144
26318 Puerto Rico Electric Power Authority Invoice No. 10623833 

366007 Fuel RFPs Page 2 

06/08/23 

PROFESSIONAL SERVICES 

Date Timekeeper Description Hours 

02/23/23 J Bowe Teleconference with R. Cruz regarding NFE fuel damages issue 

and possible ways of resolving same, consider possible 

approaches 

0.6 

02/24/23 J Bowe Teleconference with NFE representative regarding resolution of 

LNG FSPA cover damages issue 

0.3 

02/24/23 J Bowe Conference call with A. Diaz, M. Vazquez (D&V) regarding 

possible resolution of NFE - PREPA FSPA dispute 

0.3 

02/28/23 J Bowe Teleconference with L. Crispin, K. Futch regarding possible 

compromise for NFE FSPA diesel claim 

0.4 

 1.6 

TIMEKEEPER SUMMARY 

 

Timekeeper Status Hours 

Jim Bowe Partner 1.6 

Total 1.6 

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Document Page 69 of 144
Payment is Due Upon Receipt

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623833 

06/08/23 

26318 

366007 

RE: Fuel RFPs For questions, contact: 

Steve Kupka +1 202 626 5518 

REMITTANCE 

Please return this page with your remittance. 

Amount Due This Invoice $1,739.20 

We certify under penalty of nullity that no public servant of the 

Puerto Rico Electric Power Authority, their respective subsidiaries or 

Professional Services Agreement King and Spalding, LLP 

affiliates, will derive or obtain any benefit or profit of any kind from 

the contractual relationship which is the basis of this invoice. If such 

benefit or profit exists, the required waiver has been obtained prior to 

entering into the Agreement. The only consideration to be received in 

exchange for the delivery of goods or for services provided is the 

agreed -upon price that has been negotiated with an authorized 

representative of the Puerto Rico Electric Power Authority. The total 

amount shown on this invoice is true and correct. The services have 

been rendered, and no payment has been received. 

_____________________________ 

King & Spalding Representative 

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Document Page 70 of 144
EXHIBIT B

March 2023 Detailed Time and Expense Records

See Attached.

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Document Page 71 of 144
Payment is Due Upon Receipt

 

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623796 

06/08/23 

26318 

366012 

RE: Energy Resource RFPs - Off Shore 

Client Matter Reference: 2023-P00020 For questions, contact: 

Steve Kupka +1 202 626 5518 

For Professional Services Rendered through 03/31/23: 

Fees $ 80,914.80 

Total this Invoice $ 80,914.80 

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Document Page 72 of 144
26318 Puerto Rico Electric Power Authority Invoice No. 10623796 

366012 Energy Resource RFPs Page 2 

06/08/23 

PROFESSIONAL SERVICES 

Date Timekeeper Description Hours 

03/01/23 J Bowe Review emails from, to K. Futch, Ankura representatives 

regarding resource provider approach 

0.3 

03/01/23 J Bowe Review draft PREPA communication no. 17 (0.1), review 

agenda for PREPA Tranche 1 RFP working group call (0.2) 

0.3 

03/01/23 J Bowe E-mails with OMM lawyers regarding potential to take 

advantage of Act 17 to re-power plant and need to solicit 

alternatives through RFP 

0.4 

03/01/23 J Bowe Participate in PREPA Tranche 1 Working Group conference call 

with representatives of LUMA, S&L, and K&S to discuss 

interconnection issues 

0.4 

03/01/23 J Bowe Participate in PREPA Tranche 1 RFP Working Group 

conference call with LUMA, S&L, PREPA representatives on 

interconnection issues, status of solar PV project, timing for 

completion of interconnection RFP, related issues, discuss same 

with K. Futch 

1.1 

03/01/23 P Rizk Confer with proponents on comments to closing date 

amendments, LCOS calculations and communication 17 letter 

(1.5); edit communication 17 letter to proponents (0.4); working 

group meeting to discuss weekly deliverables, key concerns and 

to-items moving forward (1.5) 

3.4 

03/02/23 J Bowe Review revised draft letter to proponent (0.2); research 

requirements applicable to PREP reviews and approval of 

PPOAs and amendments to PPOAs (0.4) 

0.6 

03/02/23 J Bowe Telephone conference with K. Futch regarding changes to letter 

for J. Colon to resource provider; review and revise proposed 

changes to same; consider FOMB reaction to same 

0.4 

03/02/23 J Bowe Review and comment upon markup of OMM draft letter for J. 

Colon to share with resource provider (0.3); transmit comments 

on same to K. Futch (0.1) 

0.4 

03/02/23 P Rizk Coordinate with proponents (0.8); review and edit proponent 

A&R ppoa (2.7) 

3.5 

03/03/23 J Bowe Respond to K. Futch question regarding reference to 30-day 

review period in letter to resource provider; review revised letter 

transmitted to OMM 

0.3 

03/03/23 J Bowe Emails with OMM and Ankura representatives regarding 

revised version of Colon letter to resource provider 

0.3 

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06/08/23 

Date Timekeeper Description Hours 

03/03/23 P Rizk Confer with proponents on outstanding comments to 

amendments to the PPOA (0.8); research FOMB agreement 

approval dates (0.7); draft table summarizing FOMB approval 

dates of all signed agreements (1.2); confer with K.Futch to 

discuss comments to FOMB summary table (0.4) 

3.1 

03/06/23 P Rizk Confer with proponent on signing conditions for grid services 

agreement (0.5); review ESSAs for changes to be made with 

respect to LUMA’s policy change on interconnection (0.5) 

1.0 

03/07/23 J Bowe Conference call with M. DiConza, M. Hinker (OMM), K. Futch 

regarding potential outcome of resource provider event 

involving PR facility 

0.4 

03/09/23 J Bowe E-mails with R. Kruz, F. Santos regarding call on proponent, 

LUMA and PREPA correspondence 

0.2 

03/09/23 J Bowe Review reports regarding proponent credit downgrade, inquiries 

into discussions between resource provider and PREPA (0.2); 

review correspondence among proponent, LUMA and PREPA 

regarding payments (0.5) 

0.7 

03/09/23 J Bowe Participate in conference call with Ankura representatives (F. 

Battier, G. Gil, J. San Miguel, L. Porter), OMM (M. DiConza, 

M. Yassin, M. Hinker, A. Young, G. Olivera), K&S (K. Futch, 

J. Bowe) regarding resource provider issue, LUMA involvement 

and possible path forward 

1.2 

03/09/23 J Bowe E-mails with Ankura, OMM personnel relating to stakeholders 

to be considered in addressing resource provider issues and 

potential implementation of measures to mitigate same 

0.2 

03/09/23 J Bowe Review correspondence between PREPA and NFE relating to 

asserted breaches of the PREPA-NFE FSPA, consider possible 

approaches to resolution of matter; teleconference with R. Cruz 

regarding same 

1.4 

03/10/23 J Bowe Telephone conference with K. Futch regarding call among 

Ankura, PREPA and LUMA representatives on proponent 

matter (0.2); participate in OMM-hosted conference call 

regarding development of analysis of resource provider issue 

(0.3) 

0.5 

03/10/23 J Bowe Teleconference with K. Futch regarding proponent related 

discussions with LUMA, next steps to address same (0.3); 

review K. Futch e-mail regarding same (0.2) 

0.5 

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06/08/23 

Date Timekeeper Description Hours 

03/10/23 P Rizk Coordinate with proponents on price submissions and organize 

comm. 17 responses (1.3); update GSA and coordinate with 

proponent (0.2) 

1.5 

03/13/23 J Bowe Review reports addressing ratepayer impacts of current PREPA 

restructuring plan 

0.2 

03/13/23 J Bowe Participate in conference call regarding PREB order of 

3/10/2023 in NEPR-MI-2020-0012 and responsibility for 

construction of interconnection facilities 

1.3 

03/13/23 P Rizk Analyze proponent correspondences on their respect agreements 

and outstanding issues from last week (0.9); update checklist 

(1.3); Discuss latest PREB order and how it effects the signed 

agreements with the PREPA working group (1.8) 

4.0 

03/14/23 J Bowe Teleconference with K. Futch regarding proponent coal related 

discussions with LUMA, next steps to address same, review K. 

Futch e-mail regarding same 

0.2 

03/14/23 J Bowe Participate in conference call with Ankura representatives ( F. 

Battle, G. Gil, D. San Miguel, L. Porter, P. Crisalli), OMM (M. 

Di Conza, M. Hinker, M. Yaggin, A. Young, G. Olivera), K. 

Futch regarding resource provider issues and potential 

resolution 

2.0 

03/14/23 P Rizk Analyze and update table summarizing tranche 1 projects and 

their capacity, closing date, expected interconnection point and 

status of amendment (1.2); confer with proponent on 

outstanding comments to amendment (0.5); update proponent 

ESSA with revised interconnection responsibility language 

(1.3); revise proponent ESSA for the same (0.9) 

3.9 

03/15/23 J Bowe Participate in conference call regarding proponent liquidity 

presentation with representatives of Ankura (F. Battle, J. San 

Miguel, G. Gil, L. Porter, P. Crisalli), OMM (M. DiConza, M. 

Hinker, A. Young, G. Olivera), K. Futch 

1.7 

03/15/23 J Bowe Review revised issues slide deck prepared by Ankura 0.4 

03/15/23 J Bowe Review M. DiConza e-mail and comments on Ankura resource 

provider issues slide deck 

0.4 

03/15/23 P Rizk Revise four ESSAs with updates (3.2); draft capacity increase 

table (0.7); Coordinate with proponents and K.Futch on 

outstanding signing conditions and missing information (1.2); 

review proposal securities (0.2); update matrix and table with 

communication 17 responses and upates (1.1) 

6.4 

03/16/23 J Bowe Review, comment upon M. Vazquez motion addressing 

sectionalizer projects in NEPR-MI-2020-0012 (0.5); transmit 

comments to M. Vazquez (0.1) 

0.6 

03/16/23 P Rizk Coordinate with proponents and S&L (0.8); coordinate with 5.3 

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06/08/23 

Date Timekeeper Description Hours 

K.Futch and draft and revise table summarizing capacity and 

price increases (2.2); review and send S&L proponent ESSAs 

with pricing information to be updated (1.7); coordinate with 

PREPA on proponent signing conditions (0.6) 

03/17/23 J Bowe Teleconference with K. Futch regarding DOE comments on 

form of PPOA and availability to participate in drafting session 

regarding same week of 3/20/2023 in WDC 

0.6 

03/17/23 J Bowe E-mails with Cleary and Ankura representatives regarding 

issues relating to provisions of PPOA to be discussed with DOE 

LPO 

0.4 

03/17/23 P Rizk Confer with PREPA team on proponent’s missing signing 

conditions to grid services agreement (0.5); confer with 

proponent on PREPA comments to signing conditions (0.5) 

1.0 

03/18/23 J Bowe Review e-mails regarding meetings with DOE, Ankura 

representatives, Cleary representatives to discuss DOE LPO 

comments on PPOA, consider same (0.5); review Cleary memos 

transmitted to P3A on DOE comments, review memos 

previously circulated regarding same (0.3) 

0.8 

03/18/23 J Bowe Review K. Futch comments on list of issues to be discussed with 

DOE LPO representatives; e-mails from, to Cleary and Ankura 

team members regarding K&S comments 

0.3 

03/18/23 J Bowe Review PREPA PPOA issues list and K. Futch comments on 

same (0.4); transmit markup to K. Futch (0.2); e-mails with 

Ankura, Cleary representatives regarding comments on DOE 

LPO issues, 

e-mails from, to F. Battle regarding markup of issues list (0.7) 

1.3 

03/18/23 J Bowe E-mails regarding comments on LPO issues list with Cleary and 

Ankura representatives, K. Futch 

0.5 

03/19/23 J Bowe Teleconference with K. Futch regarding versions of PPOA to be 

shared with P3A and advisors, points relating to already 

negotiated Tranche 1 agreements 

0.3 

03/19/23 J Bowe Review mark-up of Cleary issues list for submission with DOE 

LPO representatives (0.2); emails with K. Futch regarding 

PPOA template changes (0.1) 

0.3 

03/20/23 J Bowe Teleconference with K. Bolanos (Genera) regarding status of 

resource procurement efforts, PREB desire for Genera 

involvement in same 

0.5 

03/20/23 J Bowe Review correspondence relating to DOE LPO comments on 

PREPA PPOAs and differences in PPOA markups from PPOAs 

negotiated in Tranche 1 RFP (0.3); review LUMA timeline letter 

(0.1); review revised from of PPOA (0.3) 

0.7 

03/21/23 J Bowe Participate in meeting regarding DOE LPO issues with PPOA 

form with representatives of DOE (E. Rivera, R. Marcum, M. 

Toulouse), P3A (R. Cooper, C. Kordula, A. Mitchell, J. Griot of 

Cleary), Ankura (G. Gil, F. Battle), K. Futch (4.9); discuss 

5.5 

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06/08/23 

Date Timekeeper Description Hours 

issues in form of PPOA identified by DOE, possible resolution 

of same (0.3); discuss issues separately with Ankura, Cleary 

representatives, and K. Futch (0.3) 

03/21/23 K Futch Prepare for and participate in meeting regarding DOE LPO 

issues with PPOA form with representatives of DOE, P3A, 

Ankura & K&S (6.1); correspond with resource providers and 

LUMA on interconnetion issues (0.3) 

6.4 

03/21/23 P Rizk Review and draft responses on proposal security and closing 

date amendment deadlines to proponents 

0.7 

03/22/23 J Bowe Discuss renewable resource developer reactions to DOE LPO 

terms on offer with K. Futch 

0.2 

03/22/23 J Bowe Review Cleary draft to-do list following up on 3/21/2023 

meeting with DOE LPO representatives, P3A representatives 

and Ankura representatives 

0.3 

03/22/23 J Bowe Review information shared by AAFAF with DOE 0.3 

03/22/23 J Bowe Teleconference with K. Futch regarding next steps with Tranche 

1 counterparties in light of DOE LPO involvement

0.2 

03/22/23 P Rizk Confer with proponents and PREPA on signing conditions 0.7 

03/23/23 P Rizk Confer with proponents PREPA and S&L on signing conditions; 

closing date amendments and ESSA updates 

1.2 

03/24/23 P Rizk Update proponent ESSAs with S&L comments and coordinate 

with K.Futch (2.8); discuss GSA signing conditions with 

F.Hernandez (0.5) 

3.3 

03/27/23 J Bowe E-mails from, to R. Cooper (Cleary), F. Battle (Ankura) 

regarding inclusion of alternative arbitration provision in 

PPOAs 

0.3 

03/27/23 J Bowe Teleconference with K. Futch concerning possible change in 

PREB regulations, mark up PPOAs to include arbitration before 

entity other than PREB (0.4); review e-mails addressing same 

from, to F. Battle (Ankura), K. Futch (0.4); research sample 

dispute resolution provisions calling for ICC arbitration (0.5) 

1.3 

03/27/23 J Bowe Discuss sample dispute resolution provisions with K. Futch 0.2 

03/28/23 J Bowe Teleconference with K. Futch regarding conference call on 

contract modification direction from PREPA governing Board 

0.3 

03/28/23 J Bowe Review draft ICC arbitration insert prepared by K. Futch, 

respond to same (0.3); teleconference with K. Futch regarding 

meeting among PREB and PREPA representatives regarding 

renewables procurement delays (0.1) 

0.4 

03/28/23 P Rizk Review and update proposal security checklist and coordinate 

with proponent on signing conditions (0.8); discuss PREB 

motion with K.Futch (0.3); coordinate with proponents on 

PREB motion and update checklist and folders with outstanding 

4.0 

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06/08/23 

Date Timekeeper Description Hours 

proponent requests (2.9) 

03/29/23 J Bowe Review correspondence from Tranche 1 proponents on evidence 

supporting PPOA price increases, discuss with K. Futch 

0.4 

03/29/23 J Bowe Participate in PREPA RE RFP Working Group conference call 

to discuss possible amendments to PPOAs for price increases, 

possible impacts of DOE program 

1.0 

03/29/23 P Rizk Distribute table, upload box site and take notes on weekly call 

(1.5); review and correspond with PREPA on proponent PPOAs 

relating to capacity increases (0.5); call with K.Futch to discuss 

table edits and edit FOMB table (2.2) 

4.2 

03/30/23 J Bowe Review correspondence regarding evidence supporting PPOA 

price increase requests from Tranche 1 Proponents (0.2); e-mails 

from, to K. Futch regarding motion to PREB regarding same 

(0.2) 

0.4 

03/30/23 P Rizk Coordinate with proponents (1.1); review PREB index (0.7); 

draft conditions precedent table (1.4); review draft motion to 

PREB (1.8) 

5.0 

03/31/23 J Bowe Review and revise draft motion regarding amendments to be 

filed in NEPR-MI-2020-0012 (0.3); participate in conference 

call regarding same with F. Santos, D. Zabala (S&L), M. 

Vazquez, J. Marrero (D&V), K. Futch, and P. Rizk to discuss 

finalization of motion and presentation of pricing to PREB (0.3) 

0.6 

03/31/23 J Bowe Review final version of Motion addressing amendments to 

PPOAs in NEPR-MI-2020-0012 

0.3 

03/31/23 J Bowe Participate in conference call with representatives of Cleary (A. 

Griot, A. Mitchell), Ankura (G. Gil) and K. Futch regarding 

revisions to PPOA and PREPA concerns regarding same 

0.9 

03/31/23 J Bowe Review draft informative motion seeking approval of PPOA 

amendments and adjustment of timeline in NEPR-MI-2020-

0012 

0.3 

03/31/23 J Bowe Review, mark up motion regarding amendments to PPOAs in 

NEPR-MI-2020-0012; transmit same to K. Futch, F. Santos and 

M. Vazquez (D&V); teleconference with K. Futch regarding 

same 

0.6 

03/31/23 P Rizk Coordinate with working team and edit table for PREB 

submission (0.7); discuss with K.Futch and S&L team on PREB 

table (2.0); edit and compile exhibit list, table and motion (3.5); 

call with K.Futch and working team to finalize draft (0.6); proof 

and edit final document (0.6) 

7.4 

 101.6 

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06/08/23 

TIMEKEEPER SUMMARY 

 

Timekeeper Status Hours Rate Value 

Jim Bowe Partner 35.6 1087.00 38,697.20 

Kevin Futch Counsel 6.4 1009.00 6,457.60 

Philip Rizk Associate 59.6 600.00 35,760.00 

Total 101.6 80,914.80 

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366012 Energy Resource RFPs Page 9 

06/08/23 

 

Task Summary 

 

Task Hours Value 

B803 Business Operations 101.6 80,914.80 

Total 101.6 80,914.80 

Case:17-03283-LTS Doc#:24742 Filed:07/14/23 Entered:07/14/23 16:46:47 Desc: Main

Document Page 80 of 144
Payment is Due Upon Receipt

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623796 

06/08/23 

26318 

366012 

RE: Energy Resource RFPs 

Client Matter Reference: 2023-P00020 For questions, contact: 

Steve Kupka +1 202 626 5518 

REMITTANCE 

Please return this page with your remittance. 

Amount Due This Invoice $80,914.80 

We certify under penalty of nullity that no public servant of the 

Puerto Rico Electric Power Authority, their respective subsidiaries or 

Professional Services Agreement King and Spalding, LLP 

affiliates, will derive or obtain any benefit or profit of any kind from 

the contractual relationship which is the basis of this invoice. If such 

benefit or profit exists, the required waiver has been obtained prior to 

entering into the Agreement. The only consideration to be received in 

exchange for the delivery of goods or for services provided is the 

agreed -upon price that has been negotiated with an authorized 

representative of the Puerto Rico Electric Power Authority. The total 

amount shown on this invoice is true and correct. The services have 

been rendered, and no payment has been received. 

_____________________________ 

King & Spalding Representative 

Case:17-03283-LTS Doc#:24742 Filed:07/14/23 Entered:07/14/23 16:46:47 Desc: Main

Document Page 81 of 144
Payment is Due Upon Receipt

 

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623795 

06/08/23 

26318 

366011 

RE: Fee Applications - Off Shore 

Client Matter Reference: 2023-P00020 For questions, contact: 

Steve Kupka +1 202 626 5518 

For Professional Services Rendered through 03/31/23: 

Fees $ 33,164.50 

Total this Invoice $ 33,164.50 

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Document Page 82 of 144
26318 Puerto Rico Electric Power Authority Invoice No. 10623795 

366011 Fee Applications Page 2 

06/08/23 

PROFESSIONAL SERVICES 

Date Timekeeper Description Hours 

03/01/23 S Schofield Draft fee application 0.9 

03/02/23 S Schofield Draft second interim fee application 2.1 

03/06/23 M Cadavid Respond to S. Davidson emails re: drafting of 2nd Fee 

Application and requirements for same (0.4); respond to 

questions from S. Schofield re: same and review Interim Fee 

Order and 1st Fee Application in connection with same (0.6); 

review and provide comments to initial draft of the 2nd Fee 

Application (0.7) 

1.7 

03/06/23 S Davidson E-mails with A. Steinberg regarding status of interim fee 

application (.3); e-mails with M. Cadavid and S. Schofield 

regarding same (.3) 

0.6 

03/06/23 S Schofield Draft fee application 6.6 

03/07/23 M Cadavid Review and revise initial draft of the 2nd Fee Application (1.2); 

review Interim Fee Order, other professional's fee applications 

and Fee Examiner guidelines re: same (0.7) 

1.9 

03/07/23 S Davidson Review First Interim Fee Application 1.2 

03/08/23 M Cadavid Follow up with Fee Examiner's counsel re: comments to 1st Fee 

Application (0.4); revise draft 2nd Fee Application and crossreference relevant orders and guidelines in connection with 

same (3.4); correspondences with K&S finance department re: 

information for 2nd Fee Application, including blended rates, 

outstanding balances and rate increases (0.6) 

4.4 

03/08/23 S Davidson E-mails with M. Cadavid regarding status of draft of second 

interim fee application (.3); review e-mail with certain financial 

information (.4); review Interim Compensation Order (.3); 

review and comment on draft of second interim fee application 

(1.2); e-mail to M. Cadavid regarding comments on draft (.2) 

2.4 

03/09/23 M Cadavid Call with K. Futch and S. Schofield to discuss comments to 

draft 2nd Fee Application, particularly narrative description of 

work (0.7); review PREB memos and filing in connection with 

same to ensure consistency with description in 2nd Fee 

Application (1.1) 

1.8 

03/09/23 S Davidson Review e-mails from M. Cadavid and K. Futch regarding status 

of draft of second interim fee application and 

comments/questions 

0.5 

03/10/23 M Cadavid Revise draft 2nd Fee Application to implement S. Davidson and 

K. Futch comments and cross-reference relevant orders and 

guidelines in connection with same (3.1); review and implement 

A. Steinberg comments to same (0.6) 

3.7 

03/10/23 S Davidson E-mails from M. Cadavid and A. Steinberg regarding draft of 

second interim fee application (.4); review comments and 

revised draft regarding same (.4) 

0.8 

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366011 Fee Applications Page 3 

06/08/23 

Date Timekeeper Description Hours 

03/10/23 A Steinberg Review fee application; note to M. Cadavid 0.6 

03/13/23 M Cadavid [PREPA - FEE APPLICATIONS] Finalize draft 2nd Fee 

Application per A. Steinberg and K. Futch comments (0.8); draft 

email summarizing same and circulate to PREPA (0.4); draft 

and send email to PR local counsel for filing of 2nd Fee 

Application (0.3); compile filing documents for same (0.3) 

1.8 

03/14/23 M Cadavid [PREPA - FEE APPLICATIONS] Follow up with PR local 

counsel re: filing and their comments to the 2nd Fee Application 

(0.3); email correspondences with S. Kupka re: comments to 

same (0.4); follow up with PREPA re: comments and sign off to 

same (0.2) 

0.9 

03/15/23 M Cadavid [PREPA - FEE APPLICATIONS] Address PR local counsel 

comments to and revise 2nd Fee Application (1.4); review and 

provide comments to compiled filing version of same (0.4); 

email and call with F. Santos (PREPA) re: comments and sign 

off to same (0.6); call with A. Steinberg re: final comments to 

same (0.4); finalize and compile filing version of 2nd Fee 

Application (0.4); circulate as-filed version of same to PREPA 

(0.2) 

3.4 

03/15/23 S Davidson Review e-mails from M. Cadavid regarding draft of second 

interim fee application and status (.4); review e-mails regarding 

status of second interim fee application and filing of same (.7) 

0.4 

03/15/23 A Steinberg Correspondence from M. Cadavid regarding fee application (.2); 

telephone call with M. Cadavid regarding same (.2) 

0.4 

03/16/23 M Cadavid [PREPA - FEE APPLICATIONS] Call with F. Santos (PREPA) 

re: 1st Consolidated Monthly Fee Statement and amount PREPA 

is authorized to pay (0.3); draft and send email to same with 

summary of outstanding amounts and amounts authorized to 

paid under Interim Fee Order (0.5) 

0.8 

03/16/23 A Steinberg Review minutes; call with servicer 0.5 

03/21/23 S Davidson E-mails with M. Cadavid regarding call with fee examiner (.2); 

call with fee examiner regarding status of report for first interim 

fee application (.3) 

0.5 

03/27/23 S Davidson Review status and e-mail to M. Cadavid regarding status of 

pending matters 

0.4 

03/31/23 S Davidson E-mails regarding status of PREPA budget and fee matters (.5); 

review materials (.3) 

0.8 

 39.1 

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26318 Puerto Rico Electric Power Authority Invoice No. 10623795 

366011 Fee Applications Page 4 

06/08/23 

TIMEKEEPER SUMMARY 

 

Timekeeper Status Hours Rate Value 

Arthur Steinberg Partner 1.5 1375.00 2,062.50 

Scott Davidson Counsel 7.6 1375.00 10,450.00 

Miguel Cadavid Associate 20.4 730.00 14,892.00 

Sarah Schofield Associate 9.6 600.00 5,760.00 

Total 39.1 33,164.50 

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26318 Puerto Rico Electric Power Authority Invoice No. 10623795 

366011 Fee Applications Page 5 

06/08/23 

 

Task Summary 

 

Task Hours Value 

B812 Fee/Employment Applications 39.1 33,164.50 

Total 39.1 33,164.50 

Case:17-03283-LTS Doc#:24742 Filed:07/14/23 Entered:07/14/23 16:46:47 Desc: Main

Document Page 86 of 144
Payment is Due Upon Receipt

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623795 

06/08/23 

26318 

366011 

RE: Fee Applications 

Client Matter Reference: 2023-P00020 For questions, contact: 

Steve Kupka +1 202 626 5518 

REMITTANCE 

Please return this page with your remittance. 

Amount Due This Invoice $33,164.50 

We certify under penalty of nullity that no public servant of the 

Puerto Rico Electric Power Authority, their respective subsidiaries or 

Professional Services Agreement King and Spalding, LLP 

affiliates, will derive or obtain any benefit or profit of any kind from 

the contractual relationship which is the basis of this invoice. If such 

benefit or profit exists, the required waiver has been obtained prior to 

entering into the Agreement. The only consideration to be received in 

exchange for the delivery of goods or for services provided is the 

agreed -upon price that has been negotiated with an authorized 

representative of the Puerto Rico Electric Power Authority. The total 

amount shown on this invoice is true and correct. The services have 

been rendered, and no payment has been received. 

_____________________________ 

King & Spalding Representative 

Case:17-03283-LTS Doc#:24742 Filed:07/14/23 Entered:07/14/23 16:46:47 Desc: Main

Document Page 87 of 144
Payment is Due Upon Receipt

 

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623798 

06/08/23 

26318 

366012 

RE: Energy Resource RFPs - On Shore 

Client Matter Reference: 2023-P00020 For questions, contact: 

Steve Kupka +1 202 626 5518 

For Professional Services Rendered through 03/31/23: 

Fees $ 92,727.10 

Total this Invoice $ 92,727.10 

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Document Page 88 of 144
26318 Puerto Rico Electric Power Authority Invoice No. 10623798 

366012 Energy Resource RFPs Page 2 

06/08/23 

PROFESSIONAL SERVICES 

Date Timekeeper Description Hours 

03/01/23 K Futch Prepare for and participate in working group call (2.3); draft 

PREPA communication no. 17 (2.2); review emails from OMM 

on repowering power plant (0.4); follow up on FOMB admin 

expense letter (0.2); draft revisions to resource provider letter 

(1.3) 

6.4 

03/02/23 K Futch Call regarding changes to resource provider letter from J. Colon 

(0.4); review and comment on letter for resource provider (2.6); 

emails exchanged with FOMB counsel regarding admin 

expenses (0.3); review and finalize grid services agreements 

(2.1) 

5.4 

03/03/23 K Futch Revise letter for resource provider (1.6); draft email to resource 

provider following up on Comm 17 (0.9); correspond with 

FOMB counsel on admin expense (0.1) 

2.6 

03/07/23 K Futch Attend conference call with M. DiConza, M. Hinker (OMM), J. 

Bowe regarding potential outcome of PPOA renegotiations 

(0.4); review and revise proponent energy storage services 

agreement (2.3); correspond with team on ESSA (0.1) 

2.8 

03/09/23 K Futch Participate in conference call with Ankura, OMM, K&S (J. 

Bowe) regarding PPOA renegotiations, LUMA involvement and 

possible path forward (1.2) 

1.2 

03/10/23 K Futch Calls with J. Bowe regarding PPOA matter (0.5); review PREB 

resolution and email on interconnection issues (0.4); draft email 

to PREPA team on PREB order (0.3); review precedent PPOA 

in connection with RFP (0.8); follow up on renewable / PPOA 

negotiation feedback (0.2); call with LUMA on PPOA 

negotiation approach (1.1) 

3.4 

03/11/23 K Futch Draft email to LUMA summarizing PPOA renegotiation issues 1.2 

03/13/23 K Futch Participate in call on PREB order (1.3); review sectionalizer 

PPOAs for implications of PREB order (0.7); email PREPA on 

best interest determinations (0.2); prepare chart on 

interconnection locations & approach (0.8); draft email to 

PREPA on interconnection issues (1.2) 

4.2 

03/14/23 K Futch Draft email (0.7) and attend call with J. Bowe on PPOA related 

discussions with LUMA (0.2); prepare for and participate in 

conference call with Ankura and OMM on PPOA issues and 

potential resolution (2.3); call with LUMA on PPOA 

renegotiation issues (0.2); prepare closing date amendment 

(0.6); email proponent on closing date amendment (0.8); update 

chart on POI issues (0.3) 

5.1 

03/15/23 K Futch Draft email to LUMA on interconnection issues and PREB 

order (0.3); prepare for and participate in conference call 

regarding PPOA negotiation presentation with Ankura, OMM 

and K&S (1.7); review revised slide deck (0.4) ; review related 

5.3 

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26318 Puerto Rico Electric Power Authority Invoice No. 10623798 

366012 Energy Resource RFPs Page 3 

06/08/23 

Date Timekeeper Description Hours 

e-mail and comments on PPOA renegotiation issues slide deck 

(0.3); follow up on GSA signing conditions (0.2); review and 

comment on ESSA for new battery project (1.3); attend to 

interconnection study correspondence and coordination with 

LUMA, including review and responding to various emails (1.1) 

03/16/23 K Futch Review and comment upon motion addressing sectionalizer 

projects (0.9); review of capacity increase requests (0.7); draft 

email to resource provider on interconnection issues (0.4); 

review and revise new ESSAs (1.2) 

3.2 

03/17/23 K Futch Draft email to D&V on interconnection agreements (0.4); 

participate in call regarding DOE comments on form of PPOA 

and availability to participate in drafting session regarding same 

week of 3/20/2023 in WDC (0.5); review and draft comments 

on DOE issues and latest PPOA template (4.3) 

5.2 

03/18/23 K Futch Draft email to LUMA on resource provicer interconnection 

(0.1); review and revise DOE issues list and PPOA, including 

reviewing political risk precedent (4.1) 

4.2 

03/19/23 K Futch Call with J. Bowe regarding versions of PPOA to be shared with 

P3A and advisors, points relating to already negotiated Tranche 

1 agreements (0.3); finalize and provide mark-up of issues list 

and PPOA mark-up to J. Bowe (2.2); follow up with Proskauer 

on FOMB letter (0.2); review DOE issues list (0.2) 

2.9 

03/20/23 K Futch Review DOE issues and mark-up to prepare for meeting (3.1); 

provide redline and Tranche 1 agreement to government team 

(0.7); call with resource provider (0.6) and draft email to 

PREAP on same (0.4); correspondence with Proskauer on 

FOMB letter (0.1) 

4.9 

03/22/23 K Futch Discuss renewable resource developer reactions to DOE LPO 

terms on offer with J. Bowe (0.2); review Cleary draft to-do list 

following up on DOE meeting (0.2); call with J. Bowe regarding 

next steps with Tranche 1 counterparties following DOE 

involvement (0.2); call on LCOS and ESSA pricing (0.6); 

correspond with resource providers on bid bond issues (0.2) 

1.4 

03/23/23 K Futch Review ESSA comments from S&L and discuss with P. Rizk 0.8 

03/27/23 K Futch Review emails regarding inclusion of alternative arbitration 

provision in PPOAs (0.7); calls with J. Bowe concerning 

possible change in PREB regulations, mark up PPOAs to 

include arbitration before entity other than PREB (0.6); research 

sample dispute resolution provisions calling for ICC arbitration 

(0.8); draft email on arbitration provision (0.6) and prepare 

revised arbitration provision (2.4) 

5.1 

03/28/23 K Futch Research and finalize draft ICC arbitration (1.2), review emails 

on same (0.4); teleconference with J. Bowe regarding meeting 

among PREB and PREPA representatives regarding renewables 

procurement delays (0.1); call with proponent (0.8); call on RFP 

status with S&L (0.4); follow up with propomnent on signing 

5.2 

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26318 Puerto Rico Electric Power Authority Invoice No. 10623798 

366012 Energy Resource RFPs Page 4 

06/08/23 

Date Timekeeper Description Hours 

conditions (0.2); review proposal security (0.1); draft urgent 

email for resource providers and discuss with P. Rizk (1.1); calls 

with proponents on PREB order and substantial evidence for 

amendments (0.9) 

03/29/23 K Futch Review correspondence from Tranche 1 proponents on evidence 

supporting PPOA price increases, discuss with J. Bowe (0.4); 

prepare for and participate in PREPA RE RFP Working Group 

conference call to discuss possible amendments to PPOAs for 

price increases, possible impacts of DOE program and other 

matters (1.8); draft email to proponent on capacity change (0.4); 

correspond with LUMA on interconnection and capacity issues 

(0.2); review revised mark-up of PPOA following DOE meeting 

(1.6); review PPOA template for Tranche 1 (0.4); review two 

PPOAs for modifications related to DOE discussions (2.3) 

7.1 

03/30/23 K Futch Draft email to D&V regarding precedural history of motion for 

PREB (0.2); review correspondence regarding evidence 

supporting PPOA price increase requests from Tranche 1 

Proponents (0.2); draft emails J. Bowe regarding motion to 

PREB regarding same (0.2); prepare motion to PREB on 

Tranche 1 (8.3) 

8.9 

03/31/23 K Futch Review and revise draft motion regarding amendments for 

Tranche 1 (3.8); participate in conference call regarding same to 

discuss finalization of motion and presentation of pricing to 

PREB (0.3); prepare for and participate in conference call 

regarding DOE PPOA revisions and PREPA concerns regarding 

same (1.3) 

5.4 

 91.9 

TIMEKEEPER SUMMARY 

 

Timekeeper Status Hours Rate Value 

Kevin Futch Counsel 91.9 1009.00 92,727.10 

Total 91.9 92,727.10 

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Document Page 91 of 144
26318 Puerto Rico Electric Power Authority Invoice No. 10623798 

366012 Energy Resource RFPs Page 5 

06/08/23 

 

Task Summary 

 

Task Hours Value 

B803 Business Operations 91.9 92,727.10 

Total 91.9 92,727.10 

Case:17-03283-LTS Doc#:24742 Filed:07/14/23 Entered:07/14/23 16:46:47 Desc: Main

Document Page 92 of 144
Payment is Due Upon Receipt

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623798 

06/08/23 

26318 

366012 

RE: Energy Resource RFPs 

Client Matter Reference: 2023-P00020 For questions, contact: 

Steve Kupka +1 202 626 5518 

REMITTANCE 

Please return this page with your remittance. 

Amount Due This Invoice $92,727.10 

We certify under penalty of nullity that no public servant of the 

Puerto Rico Electric Power Authority, their respective subsidiaries or 

Professional Services Agreement King and Spalding, LLP 

affiliates, will derive or obtain any benefit or profit of any kind from 

the contractual relationship which is the basis of this invoice. If such 

benefit or profit exists, the required waiver has been obtained prior to 

entering into the Agreement. The only consideration to be received in 

exchange for the delivery of goods or for services provided is the 

agreed -upon price that has been negotiated with an authorized 

representative of the Puerto Rico Electric Power Authority. The total 

amount shown on this invoice is true and correct. The services have 

been rendered, and no payment has been received. 

_____________________________ 

King & Spalding Representative 

Case:17-03283-LTS Doc#:24742 Filed:07/14/23 Entered:07/14/23 16:46:47 Desc: Main

Document Page 93 of 144
Payment is Due Upon Receipt

 

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623837 

06/08/23 

26318 

366007 

RE: Fuel RFPs - Off Shore For questions, contact: 

Steve Kupka +1 202 626 5518 

For Professional Services Rendered through 03/31/23: 

Fees $ 3,804.50 

Total this Invoice $ 3,804.50 

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Document Page 94 of 144
26318 Puerto Rico Electric Power Authority Invoice No. 10623837 

366007 Fuel RFPs Page 2 

06/08/23 

PROFESSIONAL SERVICES 

Date Timekeeper Description Hours 

03/01/23 J Bowe E-mails from, to K. Futch regarding possibility of damages 

credit under FSPA dispute settlement, discussions with NFE 

representatives regarding same 

0.3 

03/01/23 J Bowe E-mail OMM regarding need for FOMB, PREB and other 

approvals for proponent transaction 

0.2 

03/08/23 J Bowe Review letter from NFE to PREPA 2/24/2023 and R. Cruz email 

regarding same; discuss same with A, Diaz; email R. Cruz 

regarding same 

0.2 

03/09/23 J Bowe Review correspondence addressing NFE-PREPA fuel claim per 

R. Cruz request, consider possible ways of resolving same (0.3) 

0.3 

03/10/23 J Bowe Telephone conference with B. McElmurray (NFE) regarding 

potential resolution of FSPA pricing dispute 

0.3 

03/11/23 J Bowe E-mail to R. Cruz, L. Santos, A. Diaz, M. Vazquez, K. Futch 

regarding discussion with NFE representative concerning 

possible settlement of PREPA dispute under FSPA 

0.3 

03/16/23 J Bowe Review J. Colon letter to NFE regarding FSPA claims, prepare 

for call with M. Vazquez, A. Diaz regarding same 

0.3 

03/17/23 J Bowe Review 3/15/2023 letter from PREPA to NFE, discuss same 

with M. Vazquez, A. Diaz, consider approach to NFE regarding 

same 

0.8 

03/20/23 J Bowe Discuss fuel dispute under PSPA, possible compromise with 

NFE representative 

0.1 

03/22/23 J Bowe Teleconferences with A. Diaz (D&V), B. McElmurray (NFE) 

regarding FSPA fuel cover cost dispute, possible resolution of 

same 

0.5 

03/31/23 J Bowe Teleconference with R. Cruz regarding possibility of revolving 

undisputed portion of PREPA fuel controversy v. NFE 

0.2 

 3.5 

TIMEKEEPER SUMMARY 

 

Timekeeper Status Hours 

Jim Bowe Partner 3.5 

Total 3.5 

Case:17-03283-LTS Doc#:24742 Filed:07/14/23 Entered:07/14/23 16:46:47 Desc: Main

Document Page 95 of 144
Payment is Due Upon Receipt

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623837 

06/08/23 

26318 

366007 

RE: Fuel RFPs For questions, contact: 

Steve Kupka +1 202 626 5518 

REMITTANCE 

Please return this page with your remittance. 

Amount Due This Invoice $3,804.50 

We certify under penalty of nullity that no public servant of the 

Puerto Rico Electric Power Authority, their respective subsidiaries or 

Professional Services Agreement King and Spalding, LLP 

affiliates, will derive or obtain any benefit or profit of any kind from 

the contractual relationship which is the basis of this invoice. If such 

benefit or profit exists, the required waiver has been obtained prior to 

entering into the Agreement. The only consideration to be received in 

exchange for the delivery of goods or for services provided is the 

agreed -upon price that has been negotiated with an authorized 

representative of the Puerto Rico Electric Power Authority. The total 

amount shown on this invoice is true and correct. The services have 

been rendered, and no payment has been received. 

_____________________________ 

King & Spalding Representative 

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Document Page 96 of 144
EXHIBIT C

April 2023 Detailed Time and Expense Records

See Attached.

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Document Page 97 of 144
Payment is Due Upon Receipt

 

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623815 

06/08/23 

26318 

366011 

RE: Fee Applications - Off Shore 

Client Matter Reference: 2023-P00020 For questions, contact: 

Steve Kupka +1 202 626 5518 

For Professional Services Rendered through 04/30/23: 

Fees $ 13,771.50 

Total this Invoice $ 13,771.50 

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Document Page 98 of 144
26318 Puerto Rico Electric Power Authority Invoice No. 10623815 

366011 Fee Applications Page 2 

06/08/23 

PROFESSIONAL SERVICES 

Date Timekeeper Description Hours 

04/21/23 S Davidson Preliminary review of Fee Examiner’s initial report regarding 

expenses for First Interim Fee Application. 

0.8 

04/22/23 S Davidson E-mails regarding Fee Examiner's interim report on expenses. 0.5 

04/24/23 S Davidson Review and analysis of Fee Examiner’s initial report regarding 

expenses for First Interim Fee Application, including the review 

of certain materials. 

2.4 

04/25/23 M Cadavid Call with K. Futch, S. Kupka, A. Steinberg, and S. Davidson to 

discuss Fee Examiner report regarding expenses from 1st Fee 

Application (0.7); discussions with S. Schofield and S. 

Davidson re: analysis of report and process for compiling 

supporting documentation (0.6) 

1.3 

04/25/23 S Davidson Continue analysis of Fee Examiner's initial report regarding 

expenses for First Interim Fee Application 

1.1 

04/25/23 S Davidson E-mails with Fee Examiner regarding status 0.2 

04/25/23 S Davidson Review certain materials related to Fee Examiner's initial report. 0.8 

04/25/23 S Davidson Conference call with S. Kupka, A. Steinberg, K. Kutch and M. 

Cadavid regarding initial report. 

0.5 

04/25/23 S Davidson Discussions with M. Cadavid regarding initial report and 

responses 

0.2 

04/25/23 S Schofield Review fee examiner response and summarize objections in 

chart with recommended action items/responses 

2.2 

04/27/23 S Schofield Review fee examiner response and summarize objections in 

chart with recommended action items/responses 

2.9 

04/28/23 S Davidson Preliminary review of charts regarding fee/expense issues. 0.4 

04/28/23 S Davidson E-mails with M. Cadavid and S. Schofield regarding 

fee/expense issues. 

0.2 

 13.5 

TIMEKEEPER SUMMARY 

 

Timekeeper Status Hours Rate Value 

Scott Davidson Counsel 7.1 1375.00 9,762.50 

Miguel Cadavid Associate 1.3 730.00 949.00 

Sarah Schofield Associate 5.1 600.00 3,060.00 

Total 13.5 13,771.50 

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Document Page 99 of 144
26318 Puerto Rico Electric Power Authority Invoice No. 10623815 

366011 Fee Applications Page 3 

06/08/23 

 

Task Summary 

 

Task Hours 

B812 Fee/Employment Applications 13.5 

Total 13.5 

Case:17-03283-LTS Doc#:24742 Filed:07/14/23 Entered:07/14/23 16:46:47 Desc: Main

Document Page 100 of 144
Payment is Due Upon Receipt

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623815 

06/08/23 

26318 

366011 

RE: Fee Applications 

Client Matter Reference: 2023-P00020 For questions, contact: 

Steve Kupka +1 202 626 5518 

REMITTANCE 

Please return this page with your remittance. 

Amount Due This Invoice $13,771.50 

We certify under penalty of nullity that no public servant of the 

Puerto Rico Electric Power Authority, their respective subsidiaries or 

Professional Services Agreement King and Spalding, LLP 

affiliates, will derive or obtain any benefit or profit of any kind from 

the contractual relationship which is the basis of this invoice. If such 

benefit or profit exists, the required waiver has been obtained prior to 

entering into the Agreement. The only consideration to be received in 

exchange for the delivery of goods or for services provided is the 

agreed -upon price that has been negotiated with an authorized 

representative of the Puerto Rico Electric Power Authority. The total 

amount shown on this invoice is true and correct. The services have 

been rendered, and no payment has been received. 

_____________________________ 

King & Spalding Representative 

Case:17-03283-LTS Doc#:24742 Filed:07/14/23 Entered:07/14/23 16:46:47 Desc: Main

Document Page 101 of 144
Payment is Due Upon Receipt

 

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623816 

06/08/23 

26318 

366012 

RE: Energy Resource RFPs - Off Shore 

Client Matter Reference: 2023-P00020 For questions, contact: 

Steve Kupka +1 202 626 5518 

For Professional Services Rendered through 04/30/23: 

Fees $ 166,240.60 

Total this Invoice $ 166,240.60 

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Document Page 102 of 144
26318 Puerto Rico Electric Power Authority Invoice No. 10623816 

366012 Energy Resource RFPs Page 2 

06/08/23 

PROFESSIONAL SERVICES 

Date Timekeeper Description Hours 

04/01/23 J Bowe Analyze press reports regarding PREB position on finalization 

of Tranche 1 PPOAs 

0.2 

04/03/23 J Bowe Discuss PPOA amendments purposed by Cleary with K. Futch, 

review same and transmit comments to Cleary and Ankura 

teams; discuss comments with K. Futch 

1.2 

04/03/23 K Futch Review, revise and provide domments to draft PPOA for DOE 4.3 

04/04/23 J Bowe Teleconference with K. Futch regarding PREB 4/4/2023 order 

directing execution of Tranche 1 PPOAs (0.4) review and 

analyze M. Vazquez 

(D&V) summary of PREB order (0.2) 

0.6 

04/04/23 K Futch Review signing certificates from VPP (0.3); review emails on 

interconnection issues (0.3); coordinate MTR review for 

resource provider (0.2); review PREB order on timeline and 

RFP (0.8); review status chart and project tables (0.6); draft 

letter to resource provider (3.3); review and revise PPOA markup (2.4) 

7.9 

04/04/23 P Rizk Update Appendix A of draft PREB motion to include revised 

pricing and capacity values for each signed Tranche 1 project, as 

well as material issues for each project (0.7) 

0.7 

04/05/23 J Bowe Review draft letter to proponent regarding terms for amendment 

of PPOA (0.1), conference regarding same with F. Santos, 

Ankura representatives ( L. Porter, G. Gil, J. San Miguel), K. 

Futch (0.4); teleconference with F. Santos, K. Futch, S. Kupka 

regarding status of authorization for additional K&S budget 

(0.3); review, comment upon draft motion to PREB in NEPRMI-2020-0012 and NEPR-MI-2020-0004 (0.4) 

1.2 

04/05/23 J Bowe Participate in PREPA Tranche 1 RE RFP working group 

conference all regarding interconnection issues 

0.6 

04/05/23 J Bowe Teleconference with K. Futch regarding insurance issue relating 

to PR generating facility and limitation imposed by insurance 

market 

0.5 

04/05/23 J Bowe Comment on e-mail regarding Tranche 1 RFP proponents 0.2 

04/05/23 J Bowe Review Energy Bureau orders issued 4/4/2023 in NEPR-MI2021-0004 (0.2); participate in conference call with PREPA RE 

Tranche 1 RFP Working Group in response to Energy Bureau 

orders (1.0) 

1.2 

04/05/23 J Bowe Review as filed motion seeking budget action in NEPR-MI2020-0012 (0.2); review correspondence with proponents 

regarding same (0.2) 

0.4 

04/05/23 J Bowe E-mails regarding proponent PR contract confirmation and need 

to call regarding same from, to K. Futch, J. San Miguel 

(Ankura), F. Santos 

0.2 

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26318 Puerto Rico Electric Power Authority Invoice No. 10623816 

366012 Energy Resource RFPs Page 3 

06/08/23 

Date Timekeeper Description Hours 

04/05/23 J Bowe Review, comment on draft letter with proponent contract 

amendment proposal, transmit markup to K. Futch 

0.5 

04/05/23 K Futch Prepare for and attend to working group call (1.8). call on PPOA 

modifications (0.6) and call on closing date (1.1); revise letter 

for resource provider (3.1); provide comments on PREB motion 

(1.3); coordinate with FOMB counsel on admin. expense issue 

(0.2); review email to resource providers (0.7) 

8.8 

04/05/23 P Rizk PREPA PREB motion call (1.0); PREPA working group weekly 

meeting (1.0); update proponents on PREB resolution (2.3) 

4.3 

04/06/23 J Bowe Research question of limits on rates of publicly owned electric 

utilities per M. DiCorza request

0.5 

04/06/23 K Futch Review and revise draft of PPOA for DOE funding 3.4 

04/06/23 P Rizk Create table of interconnection study dates for each project 

(0.9); coordinate with proponents (0.8) 

1.7 

04/07/23 J Bowe E-mail from F. Battle regarding language on costs associated 

with change in law and PR recognition of same 

0.2 

04/07/23 J Bowe Review Cleary e-mails transmitting revised form of PPOA to 

AAFAF for its review 

0.5 

04/07/23 K Futch Review and revise three ESSAs for new projects 5.3 

04/07/23 P Rizk Call with K.Futch to discuss proponent agreements (0.2); edit 

proponent agreement with template updates and new LUMA 

policy change (3.7) coordinate with proponents and schedule 

meeting (0.5) 

4.4 

04/08/23 J Bowe Review press reports regarding PREB order directing PREPA to 

close Tranche 1 PPOAs 

0.3 

04/08/23 P Rizk Analyze and revise proponent ESSA that incorporates updated 

language from latest template (1.9); revise proponent ESSA for 

the same (1.4); revise proponent ESSA for the same (1.9); 

5.2 

04/09/23 P Rizk Revise proponent ESSA to revert draft from proponent 

interconnection responsibility (1.1); review and update 

proponent ESSA for the same (0.7); confer with proponents on 

missing information in relation to interconnection 

responsibilities (0.4) 

2.2 

04/10/23 J Bowe Review and respond to emails regarding proponent meeting 

request and effect to secure meeting with PREB (0.1) 

0.2 

04/10/23 J Bowe Telephone conference with K. Futch regarding response to 

PREB order on execution of PPOAs and suggestion of need for 

PREB meeting 

0.3 

04/10/23 P Rizk Confer with proponent and PREPA working group for the 

purpose of scheduling a meeting to discuss latest updates to 

proponent agreements (0.6); draft email to send to proponent to 

schedule call and explain latest update to agreements (0.4); 

revise draft email to incorporate K.Futch comments (0.2); 

update tranche 1 PPOA template to capture latest updates to the 

1.9 

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06/08/23 

Date Timekeeper Description Hours 

PPOA (0.7) 

04/11/23 J Bowe Review BFO submissions made by Tranche 1 Resource 

Providers, create summary of same 

0.9 

04/11/23 J Bowe Telephone conference with K. Futch regarding BFOs received 

from Tranche I Resource Providers, review analysis of same 

0.5 

04/11/23 P Rizk Review and update table with proponent responses on best and 

final price offerings (2.1); review GSA for signing conditions' 

requirements (0.2); discuss PPOA updates with K.Futch (0.5); 

update proponent PPOA (1.4); coordinate with proponents on 

meetings and signing conditions (0.7) 

4.9 

04/12/23 J Bowe Participate with members of PREPA Tranche 1 RFP working 

group in conference call on finalization and execution of PPOAs 

and price increases proposed in BFOs 

1.0 

04/12/23 J Bowe Participate in meeting with proponent representatives, PREPA 

representatives S&L representatives regarding changes to PPOA 

and ESSA potential approach to PREB 

2.0 

04/12/23 P Rizk PREPA working group call (1.2); update proponent PPOA to 

assign corrected interconnection responsibilities throughout the 

agreement (1.4); confer with F.Santos on the letter of credit 

process and working group responsibilities (0.3); confer with 

proponent on meeting logistics ahead of meeting with PREPA 

(0.4) 

3.3 

04/13/23 J Bowe Conference call with F. Sanchez (PRFAA), S. Kupka, K. Futch 

regarding issues presented by PREB deadlines (0.4); discuss 

changes required to address PREB timeline order with K. Futch 

(0.2) 

0.6 

04/13/23 P Rizk Edit proponent PPOA (1.9); call with K.Futch to discuss 

amendments (1.7); confer with proponents regarding comments 

to PPOA amendments (0.8); draft and edit proponent PPOA 

amendment (2.3); draft and distribute to working group BID 

notices for five projects (2.3) 

8.0 

04/14/23 J Bowe Participate in conference call with Tranche 1 proponent 

regarding revised pricing, PPOA interconnection issues 

0.2 

04/14/23 J Bowe Review draft insurance availability language, comment on same 

(0.2); review and comment upon draft resolution on Tranche 1 

PPOA execution for PREPA Board (0.2) 

0.4 

04/14/23 J Bowe Teleconference with K. Futch regarding giving Tranche 1 RFP 

proponents additional time for FOMB approval on permits 

0.5 

04/14/23 P Rizk Prepare draft amendment for proponent to move up timeline and 

effect closing faster, along with other minor edits to the form of 

the document (1.7); prepare best interest determination letter for 

proponent (1.2); prepare best interest determination letter for 

additional proponent (0.8); prepare draft amendment for 

additional proponent same as above draft amendment (1.3); 

confer with S&L team on budgetary numbers, missing technical 

8.5 

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06/08/23 

Date Timekeeper Description Hours 

information from amendments and price and capacity updates 

(0.7); confer with proponents on scheduling a meeting to discuss 

updates to draft amendment (0.3); call with proponent regarding 

amendment (0.8); call with proponent regarding amendment 

(0.4); prepare best interest determination letter for additional 

proponent (0.5); prepare best interest determination letter for an 

additional proponent (0.4); prepare best interest determination 

letter for separate proponent (0.4) 

04/15/23 J Bowe Review e-mails to Tranche 1 proponents regarding amendments 

to PPOAs 

0.2 

04/15/23 P Rizk Edit proponent PPOAs 6.7 

04/16/23 J Bowe Review, comment upon P. Rizk/K. Futch revisions to second 

amendment to PPOA (0.8) revise and circulate proposed 

changes to K. Futch, P. Rizyk (0.2) 

1.0 

04/16/23 P Rizk Prepare draft amendment for proponent to move up timeline and 

effect closing faster, along with other minor edits to the form of 

the document (1.4); Update draft amendment for separate 

proponent with revised language for closing date terms (1.2); 

revise draft amendment for separate proponent for the same 

(1.0); revise draft amendment for proponent for the same (0.9); 

revise draft amendment incorporating comments received from 

proponent (1.1); update draft amendment to the PPOA for 

revised terms to timeline and missing information in appendices 

(1.9); update draft amendment to the PPOA for the same (1.2); 

confer with proponents on revised draft of the amendment to the 

PPOA (1.1); confer with K.Futch on questions surrounding 

changes that could be made to proponent appendices (0.5) 

10.3 

04/17/23 J Bowe Participate in conference call with F. Santos, M. Vazquez 

(D&V), D. Zabala and M. Thibodeau (S&L) P. Rizk, K. Futch 

to discuss PREB 4/17 order on submission of BFOs from 

Tranche 1 Proponents 

0.5 

04/17/23 J Bowe Review emails from Ankura representatives regarding data 

requests to proponent

0.1 

04/17/23 J Bowe Review PREB Resolution in NEP2-MI-2020-0012 regarding 

filing of BFOs on PPOAs, discuss same with K. Futch 

0.4 

04/17/23 J Bowe Review, respond to K. Futch request to review email to K. 

Malone regarding amendments addressing conditions 

subsequent

0.2 

04/17/23 J Bowe Conference call with Ankura representation (F. Battle, L. Porter, 

P. Crisali), OMM representatives (M. DiCorra, M. Yassin, G. 

Olivera, A. Young), K. Futch, regarding meeting with proponent 

representatives regarding restructuring of proponent and PREPA 

relationship and PPOA 

1.0 

04/17/23 F Langa Conference call and exchange emails with K.Futch and P. Rizk 

regarding revisions to PPOAs (0.5); analyze and revise 

3.4 

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06/08/23 

Date Timekeeper Description Hours 

proponent PPOA (2.9) 

04/17/23 P Rizk Review amendment changes and edit distribution lists (1.4); 

Meeting with S&L on FOMB questions (0.3); meeting with 

working group on PREB motion (0.5); dupe out August 2022 

amendments (0.7); confer with working group regarding same 

(0.7); meet with F. Langa regarding same (0.6) 

4.2 

04/18/23 J Bowe Telephone conference with K. Futch regarding meeting with 

proponent and next steps relating to same 

0.2 

04/18/23 J Bowe Telephone conference with K. Futch regarding amendments and 

impact of failing to satisfy conditions subsequent, status of 

amendment process and LCOE calculations (0.4); review press 

reporting regarding proponent impending default (0.1), review 

agenda for proponent PR meeting (0.1) 

0.6 

04/18/23 J Bowe Emails from, to M. DiConza (OMM) regarding change in law 

argument advanced by proponent with respect to final 

combustion residuals disposal costs 

0.3 

04/18/23 J Bowe Participate in conference with AAFAF representatives, Ankura 

representatives, OMM representatives regarding AE S-PR 

restructuring proposal and development of refinements to same 

1.0 

04/18/23 F Langa Analyze and revise proponent PPOA 2.2 

04/18/23 P Rizk Confer with F.Langa on edits to be made to long-form PPOAs 

(0.3); review tranche 1 RFP document for cross-default 

language (0.4); confer with proponent on outstanding issues to 

PPOA and requested capacity increase (0.6) 

1.3 

04/19/23 J Bowe Emails regarding revisions to BFO motions 0.2 

04/19/23 J Bowe Review, comment upon draft motion to submit BFOs (0.2); 

participate in conference call with Ankura, OMM 

representatives to discuss meeting with proponent and possible 

approaches to structuring a settlement and discuss constraints 

imposed by PR law on coal plant ownership and operation, 

elements of possible offer to proponent and bond holders (0.8) 

1.0 

04/19/23 J Bowe Review emails from proponents regarding BFO submission, 

withdrawal of projects from Tranche 1 (0.2); revise motion to be 

submitted to PREB with BFOs (0.4) 

0.6 

04/19/23 J Bowe Emails regarding filing of BFO Motion; review final table 

addressing same 

0.2 

04/19/23 J Bowe Prepare for, participate in PREPA Tranche RFP Working Group 

conference call to discuss D. Hernandez departure, 

responsibility for interconnection works, possible minor 

increases in project capacity, status of LGIA execution, policy 

regarding interconnection at PREPA generating facilities 

1.2 

04/19/23 F Langa Analyze and revise various proponent PPOAs to implement 

comments from PREPA wroking group call 

5.5 

04/19/23 P Rizk Prepare for and participate on working group call (1.3); 3.6 

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06/08/23 

Date Timekeeper Description Hours 

coordinate with working group team on interconnection studies, 

PREB motion, BID notices and amendments (1.1); draft and 

update price table for PREB motion (1.2) 

04/20/23 J Bowe Review e-mails from K. Futch, D. Zabala (S&L) regarding 

motion to PREB filing BFOs 

0.2 

04/20/23 J Bowe Correspondence from, to M. Vazquez (D&V), K. Futch 

regarding modifications to tables provided to PREB in BFO 

motion 

0.2 

04/20/23 F Langa analyze and revise proponent PPOA 4.5 

04/20/23 P Rizk Coordinate with working group and edit proponent comments 

on amendments to the PPOAs 

9.2 

04/21/23 J Bowe Review e-mails regarding delivery of revised PPOAs to, from 

DOE (0.1); review correspondence to, from Tranche 1 

Proponents regarding FOMB letter (0.1); review correspondence 

regarding proponent data response; review proponent resolution 

term sheet by OMM 

0.8 

04/21/23 F Langa Analyze and revise proponent PPOA 4.6 

04/21/23 P Rizk Calls with proponents on amendments to the PPOA (2.0); draft 

august second amendment to the PPOA (1.2); edit june 2022 

amendments to the PPOA (3.1) 

6.3 

04/22/23 J Bowe Review correspondence from, to K. Futch, Proponents regarding 

amendments to PPOAs and open issues (0.2); review revised 

draft form of PPOA responding to DOE concerns (0.2) 

0.4 

04/22/23 F Langa analyze and revise proponent PPOA 1.0 

04/22/23 P Rizk Update draft amendment for proponent after receiving 

comments from call and K.Futch (2.1); update amendment for 

separate proponent for the same (1.6); update amendment for 

separate proponent for the same (1.5); confer with proponent on 

revised language to amendment to the PPOA (0.8); revise 

amendment to PPOA with comments from K.Futch; revise 

amendment to the PPOA for comments from K.Futch for 

closing date terms (1.2); confer with K.Futch on comments from 

F.Langa and other clean-up comments in proponent draft 

amendments (1.0) 

8.2 

04/23/23 J Bowe Review correspondence addressing proposed amendments to 

PPOAs 

0.2 

04/23/23 P Rizk Confer with proponents on second amendment to the PPOA 

(0.4); update amendment to the PPOA with revised language 

around the timeline ahead of call with proponent (0.4) 

0.8 

04/24/23 J Bowe Participate in conference call with S&L representatives (D. 

Zabala, K. Reyes), K. Futch, P. Rizk, M. Vazquez (D&V) 

regarding PREB order of 4/24/2023 on PPOA termination date 

0.5 

04/24/23 J Bowe Review, comment upon draft messages addressing price changes 

given for PREPA emergence from Title III, DOE loan 

0.4 

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06/08/23 

Date Timekeeper Description Hours 

availability (0.2); review correspondence regarding PPOA 

changes to support DOE loan (0.2) 

04/24/23 J Bowe Discuss question of surrendering best interest determination 

requirement with K. Futch 

0.2 

04/24/23 J Bowe E-mails with F. Santos to J. San Miguel (Ankura), K. Futch 

regarding PPOA amendments transmitted to DOE 

0.2 

04/24/23 J Bowe Review amendment to PPOA to address PREPA emergence 

from bankruptcy and possible availability of DOE loans or loan 

guarantees, discuss same with K. Futch (0.5); review order 

extending PPOA due date with K. Futch (0.3) 

0.8 

04/24/23 J Bowe Review e-mail message transmitted to DOE LPO with changes 

to form of PPOA 

0.5 

04/24/23 F Langa Analyze and revise proponent PPOA to address proponent 

comments and implement comments from PREPA 

3.6 

04/24/23 P Rizk Draft price and capacity tables for proponents (2.9); edit 

amendments to the PPOA and coordinate with proponents (3.4); 

call with proponent (0.5); call with working group (0.5) ; dupe 

out amendments to extend closing date (0.5); edit summary table 

of tranche 1 projects (1.8); update best interest determination 

notices into execution versions (0.8) 

10.4 

04/25/23 J Bowe Correspondence from Tranche 1 Proponent regarding execution 

of amendment postponing PPOA closing date 

0.2 

04/25/23 J Bowe E-mail S. Kupka, A. Steinberg, K. Futch regarding PREPA Title 

III fee examiner letter addressing disallowance of disbursements 

and suggesting concessions 

0.2 

04/25/23 J Bowe Call with D. McFaul regarding progress on proponent front; emails to, from M. DiConza (OMM) regarding same 0.2 

04/25/23 P Rizk Review and edit closing date amendments and distribute to 

proponents (2.8); calls with K.Futch regarding amendments 

(1.7); call with S&L on LCOE calculations (0.5); edit third 

amendments to the PPOA and distribute to proponents (1.9) 

6.9 

04/26/23 J Bowe E-mails regarding filing of June 30 PPOAs 0.1 

04/26/23 J Bowe Participate in conference call with PREPA RE RFP Tranche 1 

Working Group and LUMA representatives regarding Tranche 1 

PPOA capacity increase proposals 

1.0 

04/26/23 J Bowe Review, comment upon D&V draft motion submitting June 30 

PPOAs 

0.2 

04/26/23 J Bowe Review revised PREPA-AAFAF- proponent term sheet 0.3 

04/26/23 J Bowe E-mails from, to J. Marrero (D&V), K. Futch regarding filing of 

PPOA amendments 

0.2 

04/26/23 J Bowe Review proponent PPOA and amendments in connection with 

discussions of amendment making CCR disposal costs part of 

the fuel price (0.3); exchange e-mails with K. Futch regarding 

same (0.3) 

0.6 

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06/08/23 

Date Timekeeper Description Hours 

04/26/23 J Bowe Participate in conference call regarding term sheet to be signed 

by proponent PR with representatives of Ankura and OMM, 

discuss revisions and address biomass use, possible treatment of 

CCR disposal costs as a fuel costs, other potential cash flow 

enhancements (0.6) exchange emails to K. Futch regarding same 

(0.2) 

0.8 

04/26/23 P Rizk Coordinate with proponents and PREPA on amendments (1.2); 

weekly working group call (1.3); edit PPOA amendments (3.8) 

6.3 

04/27/23 J Bowe Review press reports regarding filing of PPOAs and termination 

of four solar PV projects 

0.2 

04/27/23 J Bowe Review OMM second review of term sheet for proponent 

resolution (0.7), prepare for call with Ankura and OMM team 

regarding same (0.6) 

1.3 

04/27/23 J Bowe Participate in conference call with N. Perez (AAFAF) Ankura, 

OMM teams regarding proposed team sheet for proponent 

PPOA amendment 

0.9 

04/27/23 P Rizk Review draft motion to PREB for correct pricing values added 

in by S&L team (1.2) 

1.2 

04/28/23 J Bowe Teleconference with K. Futch regarding formatting and content 

of Annexes to motion filing June 30 PPOAs 

0.2 

04/28/23 J Bowe Review analysis of rate and cost impact of proposed counter to 

proponent PPOA amendment proposal 

0.3 

04/28/23 J Bowe Participate in conference call with J. Colon, Ankura, OMM 

Teams, N. Morales, F. Santos, K. Futch to discuss proponent 

PPOA amendment proposal 

0.8 

04/28/23 J Bowe Review draft Annex B for second amendment motion per K. 

Futch request; review e-mail from, to F. Santos, K. Futch 

regarding same 

0.5 

04/28/23 J Bowe Review, comment upon draft motion in compliance with April 

24 R&O in NEPR-MI-2020-0012 

0.3 

04/28/23 P Rizk Coordinate with internal team on outstanding deliverables (0.7); 

review and summarize closing date amendments for PREB 

submission (2.3); review and summarize letter of credit and 

performance security changes (0.3) 

3.3 

04/29/23 P Rizk Prepare draft amendments to effect closing and change the 

timeline for august 2022 proponent (1.6); prepare draft 

amendment for august 2022 proponent for the same (1.3); 

update proponent third amendment to the PPOA with changed 

language taking into consideration the recently filed second 

amendment to the PPOA to extend time (0.6) 

3.5 

 218.1 

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06/08/23 

TIMEKEEPER SUMMARY 

 

Timekeeper Status Hours Rate Value 

Jim Bowe Partner 36.3 1087.00 39,458.10 

Kevin Futch Counsel 29.7 1009.00 29,967.30 

Fernando Langa Associate 24.8 824.00 20,435.20 

Philip Rizk Associate 127.3 600.00 76,380.00 

Total 218.1 166,240.60 

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06/08/23 

 

Task Summary 

 

Task Hours Value 

B803 Business Operations 217.2 165,262.30 

B813 GT Fee/Employment Objections 0.9 978.30 

Total 218.1 166,240.60 

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Document Page 112 of 144
Payment is Due Upon Receipt

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623816 

06/08/23 

26318 

366012 

RE: Energy Resource RFPs 

Client Matter Reference: 2023-P00020 For questions, contact: 

Steve Kupka +1 202 626 5518 

REMITTANCE 

Please return this page with your remittance. 

Amount Due This Invoice $166,240.60 

We certify under penalty of nullity that no public servant of the 

Puerto Rico Electric Power Authority, their respective subsidiaries or 

Professional Services Agreement King and Spalding, LLP 

affiliates, will derive or obtain any benefit or profit of any kind from 

the contractual relationship which is the basis of this invoice. If such 

benefit or profit exists, the required waiver has been obtained prior to 

entering into the Agreement. The only consideration to be received in 

exchange for the delivery of goods or for services provided is the 

agreed -upon price that has been negotiated with an authorized 

representative of the Puerto Rico Electric Power Authority. The total 

amount shown on this invoice is true and correct. The services have 

been rendered, and no payment has been received. 

_____________________________ 

King & Spalding Representative 

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Document Page 113 of 144
Payment is Due Upon Receipt

 

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623817 

06/08/23 

26318 

366012 

RE: Energy Resource RFPs - On Shore 

Client Matter Reference: 2023-P00020 For questions, contact: 

Steve Kupka +1 202 626 5518 

For Professional Services Rendered through 04/30/23: 

Fees $ 146,405.90 

Total this Invoice $ 146,405.90 

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06/08/23 

PROFESSIONAL SERVICES 

Date Timekeeper Description Hours 

04/09/23 K Futch Review and revise resource provider ESSAs and PPOA 2.1 

04/10/23 K Futch Review PPOA for settlement issues (1.8); review resource 

provider mark-ups of PPOA (0.7); coordinate with developers 

on potential PREB meeting (1.2); draft email on potential PREB 

meeting (0.2); follow up with Governor's office on potential 

PREB meeting (0.4); 

4.3 

04/11/23 K Futch Coordinate LCOE analysis with S&L (0.4); prepare revised 

PPOA for resource provider (3.4); review BFO response (1.3); 

revise project matrix in light of BFO responses (0.9); review and 

revise PPOA mark-up for DOE (2.1) 

8.1 

04/12/23 K Futch Prepare for and attend to working group call (2.1) and meeting 

with resource provider (2.4); draft emails related to LCOE (0.7); 

participate in calls with resource providers on LCOE (1.3); 

review LCOE analysis with S&L (0.3); and review and revise 

amendments (0.8) 

7.6 

04/13/23 K Futch Prepare for and attend calls on PREB resolution (0.7), resource 

providers (1.7) and PREPA updates (0.6); review and revise 

amendments (2.4); drafting best interest determinations and 

related email (1.2); 

6.6 

04/14/23 K Futch Draft portions of motion requesting technical meeting (3.7); 

review and revise PPOA mark-up (2.3); draft board resolution 

(1.8); follow up on DOE comments (0.2); email to follow up on 

FOMB letter (0.2) 

8.2 

04/15/23 K Futch Review feedback from LUMA on resource provider 

interconnections (0.2); draft email to resource provider on 

feedback from LUMA (0.3); review and revise amendments 

(3.8); draft board resolution (1.3); review and revise nonrefundable fee calculations (0.7) 

6.3 

04/16/23 K Futch Revise three amendments (2.1) and send to counterparties with 

cover email (0.8) 

2.9 

04/17/23 K Futch Prepare for and participate in calls for FOMB RFI (0.6), PREB 

resolution (0.5), PPOA amendments (1.2), and team coordinate 

(0.2); review resource provider mark-up of amendment (1.1); 

draft response to resource provider on amendment (0.3); 

coordinate call with resource provider (0.3); review PREB 

resolution (0.7); draft email to K Malone on conditions 

precedent to explain context (1.2); review and draft amendments 

of PPOAs (2.2) 

8.3 

04/18/23 K Futch Email S&L on BFO (0.1); draft revisions to conditions 

precedent (0.8); discuss conditions precedent with K. Malone 

(0.3); email resource provider on LCOE (0.2); coordinate with 

LUMA on capacity increase requests (0.3); prepare for and 

attend calls with three proponents (2.3); call regarding 

8.9 

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06/08/23 

Date Timekeeper Description Hours 

governing board (0.9); review letter from FOMB on admin. 

expense (0.3); review mark-up of PPOA from resource provider 

(0.6); review and revise amendments (3.2) 

04/19/23 K Futch Review mark-up of conditions precedent provision (0.4); 

prepare additional revisions to PPOAs (0.8); draft email to VPP 

on signing conditions (0.6); draft email to resource provider on 

capacity increase (0.5); review Aguirre letter and send to 

PREPA (0.3); email LUMA on performance security 0.4); 

review and comment on motion to PREB (1.2); revise project 

table (0.2); review correspondence from resource provider on 

project cancellation and email team (0.3); prepare for and attend 

working group call (2.5); attend call on PPOA amendment (0.5); 

review and revise amendments (2.4) 

10.1 

04/20/23 K Futch Review and revise amendments and mark-ups from 

counterparties (6.6); prepare for and attend call on contract 

amendment (0.9); follow up with LUMA on technical issues for 

PPOAs (0.7); draft emails to resource providers on admin 

expense letter from FOMB (0.8); draft email checking price 

issue on PPOA (0.4) 

9.4 

04/21/23 K Futch Prepare for and attend to calls with four resource providers 

(4.1); review and revise amendments (7.2); draft email to 

resource provider on mark-up (0.3); correspond with K. Malone 

on conditions subsequent (0.4); other activities capped at 12 

hours 

12.0 

04/22/23 K Futch Review and revise amendments (5.7); draft email to PREPA 

summarizing key issues (0.4); review draft PPOA amendments 

for DOE issues (1.4); follow up on technical issues with LUMA 

(0.3) 

7.8 

04/23/23 K Futch Review and revise amendments (2.2); draft email to resource 

provider on counterproposal (0.8); review LCOE 

correspondence (0.2); attend to LGIA issues in amendments 

(0.3); call with resource provider on amendments (0.6) 

4.1 

04/24/23 K Futch Prepare for and attend call on PREB order (0.6); attend call on 

S&L action items (0.5); prepare for and attend call on 

amendment (1.2); review and revise summary of projects (0.9); 

coordinate review of technical information (0.2); send emails to 

resource providers on LCOE information (0.6); review and 

revise fourteen amendments (6.2) 

10.2 

04/25/23 K Futch Call on LCOE/LCOS (0.5); call on third amendment with 

resource provider (0.6); review and revise best interest notices 

(0.4); review and revise summary of projects (0.8); review and 

revise amendments; review and revise fourteen amendments for 

execution and/or PREB submission (7.3) 

9.6 

04/26/23 K Futch Prepare for and attend working group call (1.6); review and 

revise sixteen amendments (4.8); review and revise motion to 

submit amendments (0.6); review and distribute executed 

10.3 

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26318 Puerto Rico Electric Power Authority Invoice No. 10623817 

366012 Energy Resource RFPs Page 4 

06/08/23 

Date Timekeeper Description Hours 

amendments (0.9); coordinate uploading of amendments (0.4); 

draft emails to Resource Providers (0.8); review non-refundable 

fee issue (0.3); follow up on Aguirre letter (0.2.); call with 

resource providers on interconnection and other issues (0.7) 

04/27/23 K Futch Review LCOE information (0.2); check PPOA details (0.4); call 

on PPOA amendments (0.5) 

1.1 

04/28/23 K Futch Draft, review and revise motion for submission of LCOE / 

LCOS and summary of amendments (5.9); draft emails to S&L 

and PREPA on motion (0.8); call on PPOA amendment (0.5) 

7.2 

 145.1 

TIMEKEEPER SUMMARY 

 

Timekeeper Status Hours Rate Value 

Kevin Futch Counsel 145.1 1009.00 146,405.90 

Total 145.1 146,405.90 

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26318 Puerto Rico Electric Power Authority Invoice No. 10623817 

366012 Energy Resource RFPs Page 5 

06/08/23 

 

Task Summary 

 

Task Hours Value 

B803 Business Operations 145.1 146,405.90 

Total 145.1 146,405.90 

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Payment is Due Upon Receipt

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623817 

06/08/23 

26318 

366012 

RE: Energy Resource RFPs 

Client Matter Reference: 2023-P00020 For questions, contact: 

Steve Kupka +1 202 626 5518 

REMITTANCE 

Please return this page with your remittance. 

Amount Due This Invoice $146,405.90 

We certify under penalty of nullity that no public servant of the 

Puerto Rico Electric Power Authority, their respective subsidiaries or 

Professional Services Agreement King and Spalding, LLP 

affiliates, will derive or obtain any benefit or profit of any kind from 

the contractual relationship which is the basis of this invoice. If such 

benefit or profit exists, the required waiver has been obtained prior to 

entering into the Agreement. The only consideration to be received in 

exchange for the delivery of goods or for services provided is the 

agreed -upon price that has been negotiated with an authorized 

representative of the Puerto Rico Electric Power Authority. The total 

amount shown on this invoice is true and correct. The services have 

been rendered, and no payment has been received. 

_____________________________ 

King & Spalding Representative 

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Document Page 119 of 144
Payment is Due Upon Receipt

 

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623840 

06/08/23 

26318 

366007 

RE: Fuel RFPs - Off Shore For questions, contact: 

Steve Kupka +1 202 626 5518 

For Professional Services Rendered through 04/30/23: 

Fees $ 869.60 

Total this Invoice $ 869.60 

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26318 Puerto Rico Electric Power Authority Invoice No. 10623840 

366007 Fuel RFPs Page 2 

06/08/23 

PROFESSIONAL SERVICES 

Date Timekeeper Description Hours 

04/03/23 J Bowe Review press reports regarding PREB order on fuel cost 

recovery and rate reductions, prospects for renewing of diesel 

cover cost

0.3 

04/03/23 J Bowe Review Energy Bureau order on fuel cost recovery in NEPRMI-2020-0001 0.5 

 0.8 

TIMEKEEPER SUMMARY 

 

Timekeeper Status Hours 

Jim Bowe Partner 0.8 

Total 0.8 

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Document Page 121 of 144
Payment is Due Upon Receipt

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623840 

06/08/23 

26318 

366007 

RE: Fuel RFPs For questions, contact: 

Steve Kupka +1 202 626 5518 

REMITTANCE 

Please return this page with your remittance. 

Amount Due This Invoice $869.60 

We certify under penalty of nullity that no public servant of the 

Puerto Rico Electric Power Authority, their respective subsidiaries or 

Professional Services Agreement King and Spalding, LLP 

affiliates, will derive or obtain any benefit or profit of any kind from 

the contractual relationship which is the basis of this invoice. If such 

benefit or profit exists, the required waiver has been obtained prior to 

entering into the Agreement. The only consideration to be received in 

exchange for the delivery of goods or for services provided is the 

agreed -upon price that has been negotiated with an authorized 

representative of the Puerto Rico Electric Power Authority. The total 

amount shown on this invoice is true and correct. The services have 

been rendered, and no payment has been received. 

_____________________________ 

King & Spalding Representative 

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EXHIBIT D

May 2023 Detailed Time and Expense Records

See Attached.

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Document Page 123 of 144
Payment is Due Upon Receipt

 

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623845 

06/08/23 

26318 

366012 

RE: Energy Resource RFPs - Off Shore 

Client Matter Reference: 2023-P00020 For questions, contact: 

Steve Kupka +1 202 626 5518 

For Professional Services Rendered through 05/31/23: 

Fees $ 92,925.10 

Total this Invoice $ 92,925.10 

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06/08/23 

PROFESSIONAL SERVICES 

Date Timekeeper Description Hours 

05/01/23 J Bowe Teleconference with K. Futch regarding status of Tranche 1 

PPOAs and need for additional attention to amendments 

0.2 

05/01/23 P Rizk Review and update amendment to the PPOA for updated 

language in similarly situated draft amendment (0.7); review 

and update amendment to the PPOA for the same (0.6) 

1.3 

05/02/23 J Bowe Review motion submitting supplemental resource provider 

information in NEPR-MI-2020-0012 (0.2); review LUMA 

interconnection study (0.1) 

0.3 

05/02/23 P Rizk Review and revise proponent ESSA for updates to technical 

details and information shared by proponent (1.6); review and 

revise proponent ESSA for the same (1.5); confer with PREPA 

working group outstanding closing deliverables for tranche 1 

projects (0.6); confer with proponent regarding closing 

deliverable and availability for meeting (0.5); confer with 

proponent on the same (0.4); confer with proponent on the same 

(0.4) 

4.9 

05/03/23 J Bowe Discuss report on DOE LPO reactions to PPOA notification 

addressing DOE LPO concerns and bankability issues 

0.2 

05/03/23 J Bowe Prepare for, participate in PREPA RE RFP Tranche 1 Working 

Group call regarding interconnection study issues, status of 

ESSA amendments 

1.6 

05/03/23 J Bowe Discuss status of proponent PPOA amendment resolution efforts 

with K. Futch 

0.2 

05/03/23 P Rizk Confer with K.Futch on pre-meeting deliverables for the weekly 

PREPA Tranche 1 working group meeting (0.3); participate in 

PREPA Tranche 1 working group meeting regarding the status 

and issues of tranche 1 projects (1.6); update ESSA for 

proponent comments (1.3); update ESSA for the same (1.1); 

update amendment to the PPOA for revised language in 

similarly situated draft (0.4); review and update amendment to 

the PPOA for the same (0.4); participate in call with proponent 

regarding interconnection and the status of the draft amendment 

to the PPOA (0.6); confer with PREPA team regarding 

proponent missing information to grid services agreement (0.3); 

confer with proponent regarding missing information to the grid 

services agreement (0.2) 

6.2 

05/04/23 P Rizk Update draft amendment to the PPOA with revised language to 

effect closing, set out signing conditions and clean up the 

previously signed agreement (1.4); update draft amendment to 

the PPOA for the same (1.2); update draft amendment to the 

PPOA for the same (1.1); participate in call with proponent 

regarding outstanding deliverables (including expired proposal 

securities) (0.8); confer with proponent regarding draft 

5.1 

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06/08/23 

Date Timekeeper Description Hours 

amendment to the PPOA to effect closing (0.4); confer with 

proponent regarding letter from FOMB approving 

administrative expenses (0.2) 

05/05/23 J Bowe Telephone conference with K. Futch regarding calculation of 

LCOS and taking into account additional capacity (0.3); 

telephone conference to discuss interconnection issues for solar 

PV project (0.2) 

0.5 

05/05/23 P Rizk Prepare initial draft of proponent amendment to the PPOA to 

effect closing faster (1.6); update proponent ESSA with 

comments discussed with K.Futch (1.3); review and update 

proponent ESSA for additional comments from K.Futch (0.4); 

Schedule a call with proponent to discuss latest draft 

amendment to the PPOA (0.2); confirm meeting availability of 

the same with appropriate PREPA working group members 

(0.2); review and distribute updated substantive amendment to 

the PPOA to proponent (0.4) 

4.1 

05/08/23 P Rizk Confer with proponents and working team on meetings and 

interconnection studies (0.3); review revised interconnection 

studies (0.4) 

0.7 

05/09/23 J Bowe Teleconference with K. Futch regarding transmission 

interconnection issues for proponents' projects, need for waiver 

of PREPA policies relevant to same (0.3); discuss proponents 

PPOA amendment issues with K. Futch (0.2); e-mail A. Cruz 

regarding request for meeting with PREPA management 

addressing same (0.2) 

0.7 

05/09/23 J Bowe Teleconference with K. Futch regarding AAFAF request that 

PREPA take the lead role in negotiating with proponent discuss 

open points and likely PREPA positions regarding same (0.3); 

review revised PREPA- proponent PR term sheet (1.0) 

1.3 

05/09/23 J Bowe Review reports regarding AES plans to exit coal-fired 

generation, increase renewables investments in Puerto Rico 

0.2 

05/09/23 J Bowe E-mails fro F. Batlle (Ankura), to K. Futch regarding proponent 

call 5/9/2023 (0.1); review press analysis of PREPA 

restructuring plan (0.1) 

0.2 

05/09/23 J Bowe Respond to K. Futch draft e-mail regarding line crossing issues 

and Aguirre policy relating to interconnections within existing 

generating facility sites 

0.3 

05/10/23 J Bowe Conference call with Ankura team ( G. Gil, J. San Miguel, D. 

Crisalli, L. Porter), K. Futch in preparation for call with 

proponent

0.7 

05/10/23 J Bowe Teleconference with K. Futch regarding proponent-PREPA 

advisor call on PPOA amendment, e-mail Ankura team 

regarding same 

0.4 

05/10/23 J Bowe Participate in conference call regarding proponent PPOA 

amendments with representatives of proponent, Ankura, OMM 

1.1 

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06/08/23 

Date Timekeeper Description Hours 

and K&S 

05/10/23 J Bowe Participate in PREPA Tranche 1 RE Working Group conference 

call to discuss transmission interconnection issues faced by 

Tranche 1 projects, need to address challenges for 

interconnection with LUMA representatives (1.5); discuss BESS 

issues with PREPA and S&L representatives (0.9) 

2.4 

05/10/23 J Bowe Participate in conference call with SunRun on VPP Participant 

Agreement and other implementation steps 

0.9 

05/10/23 J Bowe Review news reports regarding status of PREPA restructuring , 

handover to Genera 

0.3 

05/10/23 P Rizk Participate in PREPA Tranche 1 working group weekly meeting 

to discuss the status and issues of signed and unsigned projects 

(2.5); research and draft letter to proponent on land issues (1.4); 

draft letter to proponent on expired proposal securities (1.3) 

5.2 

05/11/23 J Bowe Review revised commercial framework document prepared by 

L. Porter (Ankura) 

0.2 

05/11/23 J Bowe Teleconference with S. Kupka regarding proponent PPOA 

renegotiation status 

0.1 

05/11/23 P Rizk Confer with proponent on interconnection studies (0.4); confer 

with proponent on letter regarding proposal securities (0.4); 

confer with proponent on letter regarding land issues (0.3); 

update ESSA for proponent comments (1.5); update proponent 

second ESSA for the same (1.3); update proponent third ESSA 

for the same (1.3); confer with proponent to schedule a call 

regarding an analysis of interconnection options (0.4); confer 

with S&L representatives regarding technical issues to 

proponent ESSA (0.3) 

5.9 

05/12/23 J Bowe E-mails from, to J. Marrero (D&V), K. Futch regarding filing of 

ESSAs and LCOS calculations in NEPR-MI-2020-0012 (0.2), 

review as - filed motion (0.2) 

0.4 

05/12/23 J Bowe Review emails from M. DiConza (OMM), F. Batlle and L. 

Porter (Ankura) regarding terms of offer for restructuring of 

proponent PPOA, respond to same 

0.3 

05/12/23 J Bowe Review, comment upon motion in NEPR-MI-2020-0012 filing 

additional ESSAs 

0.3 

05/12/23 J Bowe E-mails from, to G. Gil (Ankura) regarding version of 

settlement proposal for sharing with proponent

0.3 

05/12/23 P Rizk Finalize execution version of communication 17 letter to 

proponents requesting information such as pricing, project 

capacity and interconnection points (1.1); confer with working 

team on comments to communication 17 letter (0.4); update 

communication 17 letter with comments from the PREPA T1 

working group (0.5); distribute communication 17 letter via 

email to proponents (0.4); confer with PREPA representative to 

have copies of communication 17 sent via PowerAdvocate also 

2.7 

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06/08/23 

Date Timekeeper Description Hours 

(0.3) 

05/13/23 J Bowe Review e-mail from G. Gil (Ankura) and proponent 

representatives regarding offer on PPOA restructuring 

0.1 

05/15/23 J Bowe Review proponent amendments to its two solar PPOAs, e-mails 

regarding same from, to K. Futch, P. Rizik 

0.6 

05/15/23 J Bowe Participate in conference call with LUMA, S&L and PREPA 

representatives regarding interconnection at Jobos substation 

and issues associated with same 

1.0 

05/15/23 P Rizk Call with proponent to discuss interconnection issues and 

potential solutions (1.0); review and update proponent 

comments to amendment to the PPOA (0.6); review and update 

proponent comments to amendment to the PPOA (0.6); review 

and update proponent comments to amendment to the PPOA 

(0.5) 

2.7 

05/16/23 P Rizk Confer with proponent on interconnection studies (0.4); confer 

with proponent on interconnection studies (0.3); confer with 

proponent on expired proposal security (0.4); 

1.1 

05/17/23 J Bowe Review, comment upon K. Futch draft email to LUMA 

regarding differences in LGIA language, email to K. Futch 

regarding same 

0.3 

05/17/23 J Bowe Participate in conference call with representatives of PREPA RE 

RFP Tranche 1 Working Group (F. Santos, C. Rivera), M. 

Vazquez and J. Marrero (D&V), D. Zabala (S&L), D. 

Monasterio, et al. (LUMA), K. Futch, P. Rizk regarding 

interconnection issues being faced by solar PV and BESS 

project proponents, status of interconnection studies, 

discrepancies in LGIA drafts, sources of delay 

1.0 

05/17/23 P Rizk Participate in conference call with PREPA working group to 

discuss the status of the tranche 1 projects (1.2); update ESSA 

for proponent comments (0.8); update ESSA for the same (0.6) 

2.6 

05/18/23 P Rizk Confer with proponents on interconnection studies (0.4); review 

PPOA to confirm interconnection details for proponent (0.3); 

update ESSA for proponent comments (1.3); update ESSA for 

the same (1.0); review and update draft of GSA trademark 

agreement for proponent (0.6); update amendment to the PPOA 

to pickup changes made to similarly situated amendments (1.1) 

4.7 

05/19/23 J Bowe Review PREP order on RFI in NEPR-IN-2023-0002, consider 

responses to same, email K. Futch regarding same 

0.5 

05/19/23 J Bowe Teleconference with K. Futch regarding LCOS calculation 

methodology, delay in PREB response to filed PPOA 

amendments 

0.3 

05/19/23 J Bowe Participate in conference call with D&V representatives (G. 

Villanova, M. Vazquez), S&L (D. Zabala), PREPA (F. Santos, 

C. Torres), K. Futch, P. Rizk organizing responses to PREPA 

1.3 

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06/08/23 

Date Timekeeper Description Hours 

RFI in NEPR-MI-2023-0012 and assignment of responsibility 

for each response (1.2); discus LCOS motion with K. Futch 

(0.1) 

05/19/23 P Rizk Participate in call with PREPA working group to discuss latest 

PREB Order and requested information to be provided by the 

team (1.3); review and revise ESSA for proponent comments 

(0.8); review LCOS motion to be filed with the PREB for 

comments (0.8) 

3.2 

05/22/23 J Bowe Discuss status of PPOA amendment filings with K. Futch (0.1); 

discuss transaction of responsibility for future Tranches with K. 

Futch (0.2) 

0.3 

05/23/23 P Rizk Review and revise proponent ESSA to address comments (1.5); 

review and revise different proponent ESSA for the same (1.2); 

review and organize documents for expired proposal securities 

(0.4); confer with proponents on interconnection studies and 

GSA (0.8) 

4.3 

05/24/23 J Bowe Participate in PREPA Tranche 1 RE RFP Working Group 

conference call to discuss PV interconnection issues, timing of 

PREB response to request for approval of PPOA amendments, 

response to specific proponent communications regarding 

interconnections at Jobos TC (1.0); discuss to-do steps and 

deadlines for responses with K. Futch (0.3) 

1.3 

05/24/23 P Rizk Confer with K.Futch on pre-meeting deliverables with respect to 

weekly PREPA Tranche 1 RFP conference call (0.4); Participate 

in weekly working group call to discuss the status of the 

Tranche 1 RFP projects (1.4); update proponent ESSA; confer 

with D&V with respect to filing amendment to the PREB (0.3); 

update proponent ESSA to prepare it for filing with the PREB 

(1.2) 

3.2 

05/25/23 J Bowe Review PREB order approving PPOA amendments issued 

5/25/2023 in NEPR-MI-2020-0012 

0.3 

05/25/23 J Bowe Review, mark up draft summary of Tranche 1 process for 

submission to FOMB, transmit same to K. Futch, M. Vazquez 

0.8 

05/25/23 P Rizk Confer with proponent on interconnection issues (0.6); confer 

with proponent on status of interconnection studies (0.3); confer 

with proponent on interconnection study status (0.2); confer 

with proponent on interconnection study status (0.2); update 

proponent ESSA regarding revised timeline for signing (0.9); 

update proponent ESSA for the same (0.6); update closing date 

amendment to extend closing date (0.6); update closing date 

amendment for the same (0.5); update closing date amendment 

for the same (0.4); update closing date amendment for the same 

(0.4); confer with LUMA team on interconnection study status 

and related shared documents (0.6) 

5.3 

05/26/23 S Martin Coordinate preparation of responses to PREB order with K. 

Futch (1.1) 

1.1 

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06/08/23 

Date Timekeeper Description Hours 

05/26/23 P Rizk Update draft ESSA with respect to latest interconnection plans 

(0.9); update draft ESSA for different proponent for the same 

(0.8); update proponent ESSA with respect to both 

interconnection changes and capacity changes (1.1); update 

amendment to the PPOA regarding closing date (0.6); update 

amendment to the PPOA for different proponent for the same 

(0.6); update amendment to the PPOA for different proponent 

for the same (0.5); update amendment to the PPOA for different 

proponent for the same (0.6); update amendment to the PPOA 

regarding extending closing date (0.6); update amendment to the 

PPOA for the same (0.4) 

6.1 

05/28/23 J Bowe Teleconference with K. Futch regarding DOE LPO comments 

on form of PPOA, need for review of direct agreement 

comments; review form of direct agreement and transmit 

comments on same to K. Futch 

0.9 

05/28/23 J Bowe Review draft response to DOE LPO comments on PPOA draft, 

review CGSH comments on DOE comments, add suggestions to 

K&S comments, transmit same to K. Futch 

1.1 

05/28/23 K Futch Review and revise DOE issues list and direct agreement markup 

(3.8); review and comment on resource provider PPOA 

execution version (0.6) 

4.4 

05/28/23 P Rizk Update draft ESSA with respect to latest interconnection plans 

(0.9); update draft ESSA for different proponent for the same 

(0.8); update amendment to the PPOA to prepare it for filing 

with the PREB (1.2) 

2.9 

05/29/23 K Futch Review DOE issues list to prepare for call (0.9); review 

terminated PPOAs and coordinate confirmation letters (0.8); 

follow up on interconnection study payments (0.5); review and 

coordinate PPOA amendments to be executed this week (1.2) 

3.4 

05/30/23 J Bowe Call with K. Futch regarding execution of extensions of PPOAs 

and submission to FOMB 

0.2 

05/30/23 J Bowe Participate in conference call with representatives of AAFAF, 

DOE LPO, P 3 Authority, Ankura, K&S regarding changes to 

PPOA form to address DOE issues and concerns with Tranche 1 

PPOA form 

1.3 

05/30/23 J Bowe E-mails regarding availability for call with DOE LPO 

representatives to discuss outstanding PPOA issues on either 

5/31 or 6/1 

0.1 

05/30/23 K Futch Prepare for and attend DOE call on PPOA (1.7); attend two calls 

on FOMB approvals (0.8); call with resource providers on 

amendment signing (0.4); call with resource provider on closing 

date extension (0.2); review closing date extension (0.3); follow 

up on interconnection study payments (0.2); coordinate signing 

of amendments by PREPA (0.3) 

3.9 

05/30/23 P Rizk Confer with proponent on substantive amendment to the PPOA 4.0 

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06/08/23 

Date Timekeeper Description Hours 

to effect closing (0.4); confer with proponent on the same (0.3); 

confer with proponent on interconnection study status (0.5); 

updated draft amendment for proponent to effect closing (1.2); 

update draft amendment for different proponent for the same 

(1.5) 

05/31/23 J Bowe Review CGSH annotated issues list to be discussed with DOE 

LPO, discuss same with K. Futch; e-mail J. Griot (CGSH) 

regarding same 

0.6 

05/31/23 J Bowe Teleconference with K. Futch regarding open issues raised by 

DOE LPO in relation to form of PPOA 

0.3 

05/31/23 J Bowe Participate in PREPA RE RFP working group conference call 

with LUMA representatives 

0.9 

05/31/23 K Futch Review and signing of PPOA amendments (1.2); call with 

resource provider on issues in execution draft (0.6); review GSA 

closing conditions and draft related email (0.4); review and 

revise letter on interconnection issues (1.1) 

3.3 

05/31/23 P Rizk Confer with proponents on the status of their interconnection 

study payments (0.4); draft table tracking the status of payments 

of the same (0.8); draft letter to proponent responding to a 

request to provide more clarity on interconnection options and 

solutions (1.1); weekly PREPA working group call to discuss 

status of tranche 1 projects (2.0) 

4.3 

 122.9 

TIMEKEEPER SUMMARY 

 

Timekeeper Status Hours Rate Value 

Jim Bowe Partner 26.3 1087.00 28,588.10 

Kevin Futch Counsel 15.0 1009.00 15,135.00 

Silvia Martin Associate 1.1 820.00 902.00 

Philip Rizk Associate 80.5 600.00 48,300.00 

Total 122.9 92,925.10 

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Document Page 131 of 144
26318 Puerto Rico Electric Power Authority Invoice No. 10623845 

366012 Energy Resource RFPs Page 9 

06/08/23 

 

Task Summary 

 

Task Hours Value 

B803 Business Operations 122.9 92,925.10 

Total 122.9 92,925.10 

Case:17-03283-LTS Doc#:24742 Filed:07/14/23 Entered:07/14/23 16:46:47 Desc: Main

Document Page 132 of 144
Payment is Due Upon Receipt

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623845 

06/08/23 

26318 

366012 

RE: Energy Resource RFPs 

Client Matter Reference: 2023-P00020 For questions, contact: 

Steve Kupka +1 202 626 5518 

REMITTANCE 

Please return this page with your remittance. 

Amount Due This Invoice $92,925.10 

We certify under penalty of nullity that no public servant of the 

Puerto Rico Electric Power Authority, their respective subsidiaries or 

Professional Services Agreement King and Spalding, LLP 

affiliates, will derive or obtain any benefit or profit of any kind from 

the contractual relationship which is the basis of this invoice. If such 

benefit or profit exists, the required waiver has been obtained prior to 

entering into the Agreement. The only consideration to be received in 

exchange for the delivery of goods or for services provided is the 

agreed -upon price that has been negotiated with an authorized 

representative of the Puerto Rico Electric Power Authority. The total 

amount shown on this invoice is true and correct. The services have 

been rendered, and no payment has been received. 

_____________________________ 

King & Spalding Representative 

Case:17-03283-LTS Doc#:24742 Filed:07/14/23 Entered:07/14/23 16:46:47 Desc: Main

Document Page 133 of 144
Payment is Due Upon Receipt

 

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623846 

06/08/23 

26318 

366012 

RE: Energy Resource RFPs - On Shore 

Client Matter Reference: 2023-P00020 For questions, contact: 

Steve Kupka +1 202 626 5518 

For Professional Services Rendered through 05/31/23: 

Fees $ 164,971.50 

Total this Invoice $ 164,971.50 

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Document Page 134 of 144
26318 Puerto Rico Electric Power Authority Invoice No. 10623846 

366012 Energy Resource RFPs Page 2 

06/08/23 

PROFESSIONAL SERVICES 

Date Timekeeper Description Hours 

05/01/23 K Futch Call with J. Bowe on Tranche 1 (0.2); draft and revise multiple 

amendments to PPOA (5.3); follow-up on aguirre letter (0.1); 

draft and revise proponent ESSAs (2.3) 

7.9 

05/02/23 K Futch Revise and revise ESSAs (4.2); review LUMA interconnection 

study (0.1); review and revise motion submitting supplemental 

resource provider informaiton (0.2); prepare for and attend call 

on interconnection for proponent (1.3); review proponent 

comments on PPOA and revise agreement (1.8) 

7.6 

05/03/23 K Futch Prepare for and attend working group call (2.4); review and 

revise PPOA amendments (3.6); review and revise ESSAs (2.9); 

call with proponent (0.9) 

9.8 

05/04/23 K Futch Call with proponent on PPOA (1.3); review and revise PPOA 

amendments (2.7); call on LCOS (0.6); coordinate proponents 

on interconnection matters (0.8); revise email for proponent 

cover lette (0.7); review and comment on GSA email (0.2) 

6.3 

05/05/23 K Futch Call with S&L on Tranche 1 (0.6); prepare for and attend call on 

proponent interconnection (1.1); review email from S&L (0.1); 

revise ESSAs (3.4); review critical project designation concerns 

from FOMB and discuss with PREPA (0.6); coordinate aguirre 

site visit (0.4); attend to grid services agreement filing (0.3); 

review POI reassessments (0.4); follow up on interconnection 

study invoicing (0.3) 

7.2 

05/06/23 K Futch Review proponent invoices and attend to emails (0.7); review 

documents on Salinas interconnection (0.7) 

1.4 

05/08/23 K Futch Email to proponent on conditions precedent (0.3); review 

additional invoices for interconnection studies (0.2); attend to 

ESSA revisions (3.9); prepare for and attend call with proponent 

(1.6); review and revise PPOA amendment following call (1.4) 

7.4 

05/09/23 K Futch Review emails regarding PPOA negotiation (0.1); calls with J. 

Bowe on PPOA negotiations (0.8); review negotiation term 

sheet (0.9); site visit to Aguirre plant and meeting with 

proponent (6.9) 

8.7 

05/10/23 K Futch Prepare for and attend calls on PPOA negotiations (1.1), 

working group call (2.4), GSA for VPP (1.3), and 

interconnection issues (0.5); review regulations on easements 

8.2 

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26318 Puerto Rico Electric Power Authority Invoice No. 10623846 

366012 Energy Resource RFPs Page 3 

06/08/23 

Date Timekeeper Description Hours 

and discuss interconnection issues for proponent with PREPA 

(1.2); review proponent comments on amendment and revise 

draft (1.2); draft emails to proponents (0.4); review comments 

from another proponent on amendment (0.1) 

05/11/23 K Futch Prepare for and attend call with resource provider (1.3); review 

and revise ESSAs (3.8); review t-line route information 

provided by proponent (0.4); follow up with LUMA on 

requirements for studies (0.2); review interconnection study 

invoice emails (0.3); draft letters on proposal security (1.1) 

7.1 

05/12/23 K Futch Review and revise motion on agreement submission (1.8); 

review and revise proponent letters (0.7); review emails on 

PPOA negotiations (0.3); review and review proponent for 

negotiations (0.3); discuss LCOS issues with proponent (1.1); 

discuss LCOS issues with S&L (1.2); review LCOS calculations 

and email S&L (0.7); further review and revisions to motion 

(0.7) 

6.8 

05/15/23 K Futch Prepare for and attend call on resource provider interconnection 

analysis (1.1); prepare draft amendment for resource provider 

(4.1); solicit comments from K&S team (0.1); draft cover email 

for resource provider explaining mark-up (0.7); review 

alternative interconnection option for resource provider and 

discuss with PREPA (0.4); review and share interconnection 

report (0.4); attend to emails from resource providers on 

interconnection changes and related matters (0.9) 

7.7 

05/16/23 K Futch Review and revise resource provider amendments (2.7); review 

and revise motion for approval of amendments (1.7); draft email 

to proponent summarizing issues with amendment (0.9); review 

second round of comments on amendments and prepare final 

version (1.3) 

6.6 

05/17/23 K Futch Prepare for and attend to call on sectinalizer and expansion 

(0.8); prepare for and attend to working group call (1.9); prepare 

for and attend to call on amendment with resource provider 

(1.4); review files and prepare responses on investigation (1.1); 

review all commercial agreements and draft summary in 

repsonse to LUMA questions on treatment of IA (3.7) 

8.7 

05/18/23 K Futch Call on LCOS values (0.5); coordinate motion on LCOS and 

ESSAs (0.6); draft email on capacity expansion for proponent 

(0.4); review files for investigation responses (2.3); review slide 

deck on delays and share with team (0.7); draft investigation 

responses (1.1); review and revise draft ESSAs for new projects 

(2.1) 

7.1 

05/19/23 K Futch Draft appendix B for motion on BESS projects (2.3); review and 

revise motion on BESS projects (2.2); review proponent 

8.1 

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26318 Puerto Rico Electric Power Authority Invoice No. 10623846 

366012 Energy Resource RFPs Page 4 

06/08/23 

Date Timekeeper Description Hours 

amendment (0.8); review summary of delays (0.6); review files 

in light of PREB order (1.2); prepare for and participate in call 

on PREB investigation 1.8) 

05/20/23 K Futch Draft and revise Annex B for PREB motion 3.9 

05/22/23 K Futch Call with PREPA on sectionalizer issues (0.6); call with 

resource provider on sectionalizer issue (0.5); follow up and 

debrief with PREPA on sectionalizer call (0.3); coordinate call 

with proponent (0.1); follow up and call with S&L on 

sectionalizer issue (0.7); review and reivse new ESSAs (1.4); 

review PREB order on investigation and prepare responses (3.7) 

7.3 

05/23/23 K Futch Draft email summarizing interconnection issues for LUMA 

team (1.8); review and revise amendment for PPOA project, 

including call and correspondence with proponent (3.4); call 

with resource provider on PREB motion (0.3); draft summary 

and coordinate additional interconnection issues for PREPA 

(1.4); review and revise new ESSAs (0.7) 

7.6 

05/24/23 K Futch Prepare for and attend to working group call (1.8); review 

resource provider mark-ups of amendments (1.3); review and 

revise ESSA drafts (3.3); review and revise motion for approval 

of PPOAs (0.8); coordinate discussion on interconnection issues 

related to sectionalizer (0.4); review and revise amendment for 

resource provider (0.7) 

8.3 

05/25/23 K Futch Review PREB order on approvals (0.9); discuss PREB order 

with PREPA team (0.4); draft emails to proponents 

summarizing PREB order results (1.3); draft closing date 

amendments for two rejected proponents (1.8); draft revised 

substantive amendments for two rejected proponents (2.6); draft 

and revise text for fiscal plan (2.3); review time extensions and 

interconnection issues requested by PREPA (0.5) 

9.8 

05/26/23 K Futch Draft commentary on fiscal plan related to PPOAs (3.6); call 

with Ankura on summary of renewables process (0.4); review 

and comment on letter related to renewables process (0.8); 

review DOE issues and correspondence on negotiations (0.3); 

review resource provider interconnection options and draft 

summary for PREPA (1.3); review and revise final drafts of 

amendments for signing (1.2) 

7.6 

05/27/23 K Futch Review and draft comments on issues list from DOE 2.4 

 163.5 

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Document Page 137 of 144
26318 Puerto Rico Electric Power Authority Invoice No. 10623846 

366012 Energy Resource RFPs Page 5 

06/08/23 

TIMEKEEPER SUMMARY 

 

Timekeeper Status Hours Rate Value 

Kevin Futch Counsel 163.5 1009.00 164,971.50 

Total 163.5 164,971.50 

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Document Page 138 of 144
26318 Puerto Rico Electric Power Authority Invoice No. 10623846 

366012 Energy Resource RFPs Page 6 

06/08/23 

 

Task Summary 

 

Task Hours Value 

B803 Business Operations 163.5 164,971.50 

Total 163.5 164,971.50 

Case:17-03283-LTS Doc#:24742 Filed:07/14/23 Entered:07/14/23 16:46:47 Desc: Main

Document Page 139 of 144
Payment is Due Upon Receipt

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623846 

06/08/23 

26318 

366012 

RE: Energy Resource RFPs 

Client Matter Reference: 2023-P00020 For questions, contact: 

Steve Kupka +1 202 626 5518 

REMITTANCE 

Please return this page with your remittance. 

Amount Due This Invoice $164,971.50 

We certify under penalty of nullity that no public servant of the 

Puerto Rico Electric Power Authority, their respective subsidiaries or 

Professional Services Agreement King and Spalding, LLP 

affiliates, will derive or obtain any benefit or profit of any kind from 

the contractual relationship which is the basis of this invoice. If such 

benefit or profit exists, the required waiver has been obtained prior to 

entering into the Agreement. The only consideration to be received in 

exchange for the delivery of goods or for services provided is the 

agreed -upon price that has been negotiated with an authorized 

representative of the Puerto Rico Electric Power Authority. The total 

amount shown on this invoice is true and correct. The services have 

been rendered, and no payment has been received. 

_____________________________ 

King & Spalding Representative 

Case:17-03283-LTS Doc#:24742 Filed:07/14/23 Entered:07/14/23 16:46:47 Desc: Main

Document Page 140 of 144
Payment is Due Upon Receipt

 

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623849 

06/08/23 

26318 

366011 

RE: Fee Applications - Off Shore 

Client Matter Reference: 2023-P00020 For questions, contact: 

Steve Kupka +1 202 626 5518 

For Professional Services Rendered through 05/31/23: 

Fees $ 12,319.50 

Total this Invoice $ 12,319.50 

Case:17-03283-LTS Doc#:24742 Filed:07/14/23 Entered:07/14/23 16:46:47 Desc: Main

Document Page 141 of 144
26318 Puerto Rico Electric Power Authority Invoice No. 10623849 

366011 Fee Applications Page 2 

06/08/23 

PROFESSIONAL SERVICES 

Date Timekeeper Description Hours 

05/04/23 M Cadavid Review objections and summary from the Fee Examiner (1.6); 

call with T. Jenkins, C. Kalpakis and S. Schofield to discuss 

proposed responses and supporting documentation need for the 

same (0.5); revise draft summary and circulate same to A. 

Steinberg and rest of the K&S team (1.3) 

3.4 

05/04/23 S Davidson E-mails with M. Cadavid regarding status of fee matters 0.6 

05/04/23 S Schofield Prepare for internal call re: fee examiner response (0.3); Call re: 

fee examiner response (0.7); Review revised chart of fee 

examiner objections (0.5) 

1.5 

05/09/23 A Steinberg Corr re PFC bond hearing; note from S. Davidson 0.4 

05/11/23 A Steinberg Revise memo to client; office conference with S. Davidson 0.4 

05/15/23 A Steinberg Correspondence re reporting 0.3 

05/18/23 A Steinberg Call with servicer; telephone call with S. Davidson re pfc bonds; 

telephone call with D. Pauker

1.0 

05/19/23 S Davidson Review status and e-mails with team regarding pending matters 0.6 

05/19/23 A Steinberg Call with S. Davidson re PFC; correspondence with D. Pauker 0.4 

05/22/23 S Davidson E-mails with team regarding status of monthly fee statements 0.4 

05/23/23 S Davidson Review e-mail from Fee Examiner and e-mail to team regarding 

same 

0.2 

05/24/23 S Davidson Review certain materials for upcoming monthly fee statement 0.9 

05/25/23 A Steinberg Correspondence with K. Manz 0.2 

05/26/23 A Steinberg Note from K. Manz and note to S. Davidson 0.4 

05/31/23 S Davidson E-mails regarding status and update 0.3 

05/31/23 A Steinberg Note to K. Manz re audit and escrow extension 0.4 

 11.4 

TIMEKEEPER SUMMARY 

 

Timekeeper Status Hours Rate Value 

Arthur Steinberg Partner 3.5 1375.00 4,812.50 

Scott Davidson Counsel 3.0 1375.00 4,125.00 

Miguel Cadavid Associate 3.4 730.00 2,482.00 

Sarah Schofield Associate 1.5 600.00 900.00 

Total 11.4 12,319.50 

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Document Page 142 of 144
26318 Puerto Rico Electric Power Authority Invoice No. 10623849 

366011 Fee Applications Page 3 

06/08/23 

 

Task Summary 

 

Task Hours 

B801 Asset Analysis and Recovery 3.5 

B812 Fee/Employment Applications 7.9 

Total 11.4 

Case:17-03283-LTS Doc#:24742 Filed:07/14/23 Entered:07/14/23 16:46:47 Desc: Main

Document Page 143 of 144
Payment is Due Upon Receipt

FEDERAL I.D. 58-0520153

Remit To: 

King & Spalding LLP 

P.O. Box 116133 

Atlanta, GA 30368-6133

By Wire: Truist Bank (formerly SunTrust Bank) 

ABA: 061 000 104 

SWIFT: SNTRUS3A 

USD Account: 88003 12475 

Account Name: King & Spalding 

Puerto Rico Electric Power Authority Invoice No. 

Invoice Date 

Client No. 

Matter No. 

10623849 

06/08/23 

26318 

366011 

RE: Fee Applications 

Client Matter Reference: 2023-P00020 For questions, contact: 

Steve Kupka +1 202 626 5518 

REMITTANCE 

Please return this page with your remittance. 

Amount Due This Invoice $12,319.50 

We certify under penalty of nullity that no public servant of the 

Puerto Rico Electric Power Authority, their respective subsidiaries or 

Professional Services Agreement King and Spalding, LLP 

affiliates, will derive or obtain any benefit or profit of any kind from 

the contractual relationship which is the basis of this invoice. If such 

benefit or profit exists, the required waiver has been obtained prior to 

entering into the Agreement. The only consideration to be received in 

exchange for the delivery of goods or for services provided is the 

agreed -upon price that has been negotiated with an authorized 

representative of the Puerto Rico Electric Power Authority. The total 

amount shown on this invoice is true and correct. The services have 

been rendered, and no payment has been received. 

_____________________________ 

King & Spalding Representative 

Case:17-03283-LTS Doc#:24742 Filed:07/14/23 Entered:07/14/23 16:46:47 Desc: Main

Document Page 144 of 144