4853-7626-8104.1 

Estimated Hearing Date: Next Omnibus Hearing Date or an earlier date as ordered by the Court 

Objection Deadline: August 24, 2023, at 4:00 p.m. (Atlantic Standard Time) 

UNITED STATES DISTRICT COURT 

DISTRICT OF PUERTO RIC0 

In re: 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO, 

as representative of 

THE COMMONWEALTH OF PUERTO RICO, et 

al., 

 Debtors.1

PROMESA 

Title III 

Case No. 17 BK 3283-LTS 

(Jointly Administered) 

SUMMARY OF THIRTEENTH INTERIM APPLICATION OF NIXON PEABODY LLP 

FOR ALLOWANCE OF COMPENSATION FOR SERVICES RENDERED AND FOR 

REIMBURSEMENT OF EXPENSES AS SPECIAL COUNSEL TO THE FINANCIAL 

OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO, AS 

REPRESENTATIVE OF THE PUERTO RICO ELECTRIC POWER AUTHORITY, FOR 

THE PERIOD FROM FEBRUARY 1, 2023 THROUGH MAY 31, 2023 

Name of Applicant: Nixon Peabody LLP 

Authorized to Provide Professional Services 

to: 

The Financial Oversight and Management 

Board for Puerto Rico, as Representative of 

the Puerto Rico Electric Power Authority, 

pursuant to Section 315(b) of PROMESA 

Period for which compensation and 

reimbursement are sought: 

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

Four Digits of Federal Tax ID: 3747). (Title III case numbers are listed as Bankruptcy Case numbers due to software 

limitations). 

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Document Page 1 of 32
4853-7626-8104.1 

Estimated Hearing Date: Next Omnibus Hearing Date or an earlier date as ordered by the Court 

Objection Deadline: August 24, 2023, at 4:00 p.m. (Atlantic Standard Time) 

Amount of Compensation sought as actual, 

reasonable, and necessary: 

 $58,872.00 

Amount of Expense Reimbursement sought as 

actual, reasonable, and necessary: 

$0.00 

Total compensation subject to objection: None 

Total expenses subject to objection: None 

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

 Blended Rate in this application for attorneys: $946.00/hr 

 Blended Rate in this application for all timekeepers: N/A 

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4853-7626-8104.1 

Estimated Hearing Date: Next Omnibus Hearing Date or an earlier date as ordered by the Court 

Objection Deadline: August 24, 2023, at 4:00 p.m. (Atlantic Standard Time) 

Schedule 1 

THIRTEENTH Interim Compensation Period – Consolidated Fee Statements 

February 1, 2023 – May 31, 2023 

Entity Period 

Fees 

requested to 

be paid 

(100%) 

Fee 

previously 

requested to 

be paid 

(90%) 

Expenses 

requested to 

be paid 

(100%) 

Total Fees 

and 

Expenses 

requested to 

be paid 

PREPA February 1, 

2023 through 

May 31, 2023 

$58,872.00 $52,984.80 N/A $58,872.00 

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Document Page 3 of 32
4853-7626-8104.1 

Estimated Hearing Date: Next Omnibus Hearing Date or an earlier date as ordered by the Court 

Objection Deadline: August 24, 2023, at 4:00 p.m. (Atlantic Standard Time) 

Schedule 2 

Summary of Professional Services Rendered by Timekeeper for the Period 

February 1, 2023 – May 31, 2023

Professional Position/Title Hourly Billing 

Rate 

Total Billed 

Hours 

Total 

Compensation 

Mitchell Rapaport Partner $990 5.90 6,425.10

Carla Young Partner $990 .30 326.70

Sebastian TorresRodriguzAssociate $660 10.20 6,732.00 

Amanda Darwin Partner $1,089 11.50 12,523.50

Virginia Wong Partner $1,089 11.00 11,979.00

Malik Shahzad Partner $1,089 7.60 8,276.40

Katherine Stack Associate $660 1.20 792.00

Brian Kenney Associate $660 15.10 9,966.00

Bruce Serchuk Partner $1,089 1.70 1,851.30

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Document Page 4 of 32
4853-7626-8104.1 

UNITED STATES DISTRICT COURT 

DISTRICT OF PUERTO RICO 

In re: 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO, 

as representative of 

THE COMMONWEALTH OF PUERTO RICO, et 

al., 

 Debtors.1

PROMESA 

Title III 

Case No. 17 BK 3283-LTS 

(Jointly Administered) 

THIRTEENTH INTERIM APPLICATION OF NIXON PEABODY LLP FOR 

ALLOWANCE OF COMPENSATION FOR SERVICES RENDERED AND FOR 

REIMBURSEMENT OF EXPENSES AS SPECIAL COUNSEL TO THE FINANCIAL 

OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO, AS 

REPRESENTATIVE OF THE PUERTO RICO ELECTRIC POWER AUTHORITY, FOR 

THE PERIOD FROM FEBRUARY 1, 2023 THROUGH MAY 31, 2023 

Nixon Peabody LLP (“Nixon”), as special counsel to the Financial Oversight and 

Management Board for Puerto Rico (the “Oversight Board”), as representative of the 

Commonwealth of Puerto Rico (the “Commonwealth”), the Puerto Rico Electric Power Authority 

(“PREPA”) and certain other public corporations and instrumentalities of the Government of 

Puerto Rico (collectively, the “Debtors”), pursuant to Section 315(b) of the Puerto Rico Oversight, 

Management, and Economic Stability Act (“PROMESA”) 48 U.S.C. §§ 2101-2241, hereby 

1

 The Debtors in these Title III Cases, along with each Debtor’s respective Title III case number and the last four 

(4) digits of each Debtor’s federal tax identification number, as applicable, are the (i) Commonwealth of Puerto Rico 

(Bankruptcy Case No. 17 BK 3283-LTS) (Last Four Digits of Federal Tax ID: 3481); (ii) Puerto Rico Sales Tax 

Financing Corporation (“COFINA”) (Bankruptcy Case No. 17 BK 3284-LTS) (Last Four Digits of Federal Tax ID: 

8474); (iii) Puerto Rico Highways and Transportation Authority (“HTA”) (Bankruptcy Case No. 17 BK 3567-LTS) 

(Last Four Digits of Federal Tax ID: 3808); (iv) Employees Retirement System of the Government of the 

Commonwealth of Puerto Rico (“ERS”) (Bankruptcy Case No. 17 BK 3566-LTS) (Last Four Digits of Federal Tax 

ID: 9686); and (v) Puerto Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17 BK 4780-LTS) (Last 

Four Digits of Federal Tax ID: 3747). (Title III case numbers are listed as Bankruptcy Case numbers due to software 

limitations). 

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Document Page 5 of 32
4853-7626-8104.1 

Estimated Hearing Date: Next Omnibus Hearing Date or an earlier date as ordered by the Court 

Objection Deadline: August 24, 2023, at 4:00 p.m. (Atlantic Standard Time) 

- 2 - 

submits this thirteenth interim application (the “Application”), pursuant to Sections 316 and 317 

of PROMESA, Rule 2016 of the Federal Rules of Bankruptcy Procedure (the “Bankruptcy 

Rules”),2 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 Second Amended Order Setting Procedures for Interim Compensation 

and Reimbursement of Expenses of Professionals (Dkt. No. 3269) (the “Interim Compensation 

Order”), for allowance of interim compensation for professional services performed by Nixon for 

the period commencing February 1, 2023 through and including May 31, 2023 (the “Compensation 

Period”) in the amount of $58,872.00. In support of the Application, Nixon respectfully states as 

follows: 

JURISDICTION 

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

subject matter jurisdiction pursuant to Section 306(a) of PROMESA. 

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

3. Nixon submits the Application pursuant to Sections 316 and 317 of PROMESA. 

BACKGROUND 

1. On June 30, 2016, the Oversight Board was established under Section 101(b) of 

PROMESA. 

2

 The Bankruptcy Rules are made applicable to the Debtor’s Title III case pursuant to Section 301 

of PROMESA. 

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4853-7626-8104.1 

Estimated Hearing Date: Next Omnibus Hearing Date or an earlier date as ordered by the Court 

Objection Deadline: August 24, 2023, at 4:00 p.m. (Atlantic Standard Time) 

- 3 - 

2. Pursuant to Section 315 of PROMESA, “[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.” 

48 U.S.C. § 2175. 

3. On September 30, 2016, the Oversight Board designated the Debtors as “covered 

entities” under Section 101(d) of PROMESA. 

4. On May 3, 2017, the Commonwealth, by and through the Oversight Board, as the 

Commonwealth’s representative pursuant to Section 315(b) of PROMESA, filed a petition with 

the Court under Title III of PROMESA. 

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

by and through the Oversight Board, as COFINA’s representative pursuant to Section 315(b) of 

PROMESA, filed a petition with the Court under Title III of PROMESA. 

6. On May 21, 2017, the Puerto Rico Highways and Transportation Authority 

(“HTA”), by and through the Oversight Board, as HTA’s representative pursuant to Section 315(b) 

of PROMESA, filed a petition with the Court under Title III of PROMESA. 

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

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

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

8. On July 3, 2017, PREPA, by and through the Oversight Board, as PREPA’s 

representative pursuant to Section 315(b) of PROMESA, filed a petition with the Court under Title 

III of PROMESA. 

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

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4853-7626-8104.1 

Estimated Hearing Date: Next Omnibus Hearing Date or an earlier date as ordered by the Court 

Objection Deadline: August 24, 2023, at 4:00 p.m. (Atlantic Standard Time) 

- 4 - 

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

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

242, 537, 1417]. 

10. 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 Cases. 

11. On June 12, 2023, Nixon served on the Notice Parties its monthly fee statement 

(Project #5 and #6) for the month of February 2023. 

12. On June 12, 2023, Nixon served on the Notice Parties its monthly fee statement 

(Project #5 and #6) for the month of March 2023. 

13. On July 10, 2023, Nixon served on the Notice Parties its monthly fee statement for 

the month of April 2023. 

14. On July 10, 2023, Nixon served on the Notice Parties its monthly fee statement for 

the month of May 2023. 

15. On June 22, 2023, Nixon provided the corresponding Monthly Fee Objection 

Statement (Project #5 and #6) for the February 2023 monthly fee statement to representatives of 

the Puerto Rico Treasury Department (the “Treasury”) and the Puerto Rico Fiscal Agency and 

Financial Advisory Authority (“AAFAF”). 

16. On June 22, 2023, Nixon provided the corresponding Monthly Fee Objection 

Statement (Project #5 and #6) for the March 2023 monthly fee statement to representatives of the 

Treasury and AAFAF. 

17. On July 20, 2023, Nixon provided the corresponding Monthly Fee Objection 

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4853-7626-8104.1 

Estimated Hearing Date: Next Omnibus Hearing Date or an earlier date as ordered by the Court 

Objection Deadline: August 24, 2023, at 4:00 p.m. (Atlantic Standard Time) 

- 5 - 

Statement for the April 2023 monthly fee statement to representatives of the Treasury and AAFAF. 

18. Finally, on July 20, 2023, Nixon provided the corresponding Monthly Fee 

Objection Statement for the May 2023 monthly fee statement to representatives of the Treasury 

and AAFAF. 

COMPENSATION REQUESTED 

1. On June 7, 2019, Nixon executed an Independent Contractor Services Agreement 

with the Oversight Board to provide advice in connection with PREPA’s transactions related to its 

transmission, distribution and generation assets, and specifically, the tax structuring options for 

such transactions (the “FY19 Agreement”). The FY19 Agreement was set to expire on June 30, 

2019. 

2. On July 1, 2019, Nixon executed an Independent Contractor Services Agreement 

with the Oversight Board to provide advice in connection with PREPA’s transactions related to its 

transmission, distribution and generation assets, and specifically, the tax structuring options for 

such transactions (the “FY20 Agreement”). The FY20 Agreement was set to expire on June 30, 

2020. 

3. On July 1, 2020, Nixon executed an Independent Contractor Services Agreement 

with the Oversight Board to provide advice in connection with PREPA’s transactions related to its 

transmission, distribution and generation assets, and specifically, the tax structuring options for 

such transactions (the “FY21 Agreement”). The FY21 Agreement was set to expire on June 30, 

2021. 

4. On July 1, 2021, Nixon executed an Independent Contractor Services Agreement 

with the Oversight Board to provide advice in connection with PREPA’s transactions related to its 

transmission, distribution and generation assets, and specifically, the tax structuring options for 

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Estimated Hearing Date: Next Omnibus Hearing Date or an earlier date as ordered by the Court 

Objection Deadline: August 24, 2023, at 4:00 p.m. (Atlantic Standard Time) 

- 6 - 

such transactions (the “FY22 Agreement”). The FY21 Agreement was set to expire on June 30, 

2022. 

5. On July 1, 2022, Nixon executed an Independent Contractor Services Agreement 

with the Oversight Board to provide advice in connection with PREPA’s transactions related to its 

transmission, distribution and generation assets, and specifically, the tax structuring options for 

such transactions (the “FY23 Agreement”, and together with the FY19 Agreement and the FY20 

Agreement, the FY21 Agreement and the FY22 Agreement, the “Agreements”). The FY23 

Agreement is set to expire on June 30, 2023. 

6. In accordance with the Interim Compensation Order, Nixon has provided copies of 

the Agreements to the Treasury and AAFAF. 

7. Nixon’s hourly rates are set at a level designed to compensate Nixon fairly for the 

work of its attorneys and professionals and are disclosed in the Agreements. 

8. Pursuant to PREPA’s certified fiscal plan, PREPA is required to separate its 

transmission and distribution (“T&D”) and generation functions and transfer operation and 

maintenance responsibilities to third-party, professional operators, leveraging private sector 

management, experience, and expertise to effectively deliver reliable electricity to Puerto Rico’s 

residents. 

9. As to the T&D system, the Puerto Rico Transmission and Distribution System 

Operation and Maintenance Agreement and the Puerto Rico Transmission and Distribution System 

Supplemental Terms Agreement were entered on June 22, 2022 (the “LUMA T&D Agreements”), 

between, among others, PREPA, LUMA Energy, LLC and LUMA Energy ServCo, LLC 

(collectively, “LUMA”). As a result, PREPA transitioned its operation and maintenance functions 

to LUMA on June 1, 2021, along with customer service and energy operation center 

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Estimated Hearing Date: Next Omnibus Hearing Date or an earlier date as ordered by the Court 

Objection Deadline: August 24, 2023, at 4:00 p.m. (Atlantic Standard Time) 

- 7 - 

responsibilities. 

10. Similarly, PREPA’s generation assets, comprised of existing PREPA-owned 

generation resources, will be operated and maintained by one or more private operators until their 

retirement, as laid out in the Integrated Resource Plan approved by the Puerto Rico Energy Bureau. 

11. For the selection of a private operator(s) for its legacy generation assets, PREPA 

has been supporting the RFP process led by the Puerto Rico Public-Private Partnerships Authority 

(“P3A”) and will work towards ensuring a timely and successful transition once the P3A completes 

the selection process. 

12. Nixon is a nationally recognized bond counsel firm with more than 30 years of 

experience in all areas of public finance. Its Public Finance practice is one of the largest in the 

nation with more than 40 public finance and tax attorneys. The firm consistently ranks among the 

top bond counsel, underwriters’ counsel, and disclosure counsel firms in the nation. 

13. Nixon has advised, and will continue to, advise the Oversight Board on optimal tax 

structures for PREPA’s restructuring and transformation of its legacy generation and T&D assets 

pursuant to PREPA’s certified fiscal plans. In this capacity, Nixon is engaged to provide taxexempt bond law analysis, render opinions related to federal tax issues and prepare tax-related 

documentation and disclosure, among other things. 

14. As of this date, Nixon has delivered three legal opinions in connection with the 

LUMA T&D Agreements and expects to deliver additional legal opinions with respect to the 

creation of one or more affiliates of PREPA to which PREPA would transfer all or a portion of its 

electric generation facilities. 

15. Pursuant to the Interim Compensation Order, Nixon hereby seeks an allowance 

of $58,872.00 as compensation for professional services rendered during the Compensation Period 

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Estimated Hearing Date: Next Omnibus Hearing Date or an earlier date as ordered by the Court 

Objection Deadline: August 24, 2023, at 4:00 p.m. (Atlantic Standard Time) 

- 8 - 

in connection with such professional services. 

16. Nixon’s itemized time records for attorneys and professionals performing services 

for the Oversight Board during the Compensation Period is attached hereto as Exhibit A. 

17. During the Compensation Period, Nixon billed the Oversight Board for time 

expended by its attorneys and professionals based on Nixon’s hourly rate for each attorney and 

professional as detailed in Schedule 2 of the summary of this Application. 

18. The fees charged by Nixon are in accordance with the firm’s existing billing rates 

and procedures in effect during the Compensation Period and are appropriate for complex 

securities and tax advantage financing matters. The rates and rate structure reflect that such 

complex matters typically involve great complexity, high stakes, and intense time pressures. Nixon 

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

such services provided to the Oversight Board. 

19. The services for which Nixon is requesting approval of the Court were performed 

for the Oversight Board as representative of PREPA. In connection with the matter covered by this 

Application, Nixon received no payment and no promises of payment for services rendered, or to 

be rendered, from any source other than the Debtors. There is no agreement or understanding 

between Nixon and any other person, other than members of the firm, for the sharing of 

compensation received for services rendered under the Agreements. 

20. Sections 316 and 317 of PROMESA provide for interim compensation of 

professionals and govern the Court’s award of such compensation. 48 U.S.C. §§ 2176-2177. 

Section 316 of PROMESA provides that a court may award a professional person employed by 

the Debtors or the Oversight Board under PROMESA “(1) reasonable compensation for actual, 

necessary services rendered by the professional person, or attorney and by any paraprofessional 

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4853-7626-8104.1 

Estimated Hearing Date: Next Omnibus Hearing Date or an earlier date as ordered by the Court 

Objection Deadline: August 24, 2023, at 4:00 p.m. (Atlantic Standard Time) 

- 9 - 

person employed by any such person; and (2) reimbursement for actual, necessary expenses.” 48 

U.S.C. § 2176(a). 

21. Section 316 of PROMESA 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; 

(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. 

48 U.S.C. § 2176(c). 

22. As noted above, the professional services object of this Application were necessary 

and beneficial to the Oversight Board as representative of PREPA. 

ATTORNEY CERTIFICATION 

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

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

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4853-7626-8104.1 

Estimated Hearing Date: Next Omnibus Hearing Date or an earlier date as ordered by the Court 

Objection Deadline: August 24, 2023, at 4:00 p.m. (Atlantic Standard Time) 

- 10 - 

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

with Puerto Rico Local Bankruptcy Rule 2016-1(a)(4). In this regard, and incorporated herein by 

reference, the Certification of Mitchell Rapaport in accordance with the U.S. Trustee Guidelines 

is attached hereto as Exhibit B. 

RESERVATION OF RIGHTS 

1. Nixon reserves the right to request compensation for services and reimbursement 

of such expenses in a future application that have not been processed in relation to the 

Compensation Period object of this Application. 

NOTICE 

1. Pursuant to the Interim Compensation Order, notice of this Application has been 

filed in the Title III Cases and served upon: 

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Estimated Hearing Date: Next Omnibus Hearing Date or an earlier date as ordered by the Court 

Objection Deadline: August 24, 2023, at 4:00 p.m. (Atlantic Standard Time) 

- 11 - 

(a) the Financial Oversight and Management Board: 

Financial Oversight and Management Board 

40 Washington Square South, Office 314A 

New York, NY 10012 

Attn: Professor Arthur J. Gonzalez, Oversight Board Member 

(b) attorneys 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) 

and 

Proskauer Rose LLP 

70 West Madison Street 

Chicago, IL 60602 

Attn: Paul V. Possinger, Esq. (ppossinger@proskauer.com) 

(c) attorneys for the Puerto Rico Fiscal Agency and Financial Advisory Authority: 

O’Melveny & Myers LLP 

Times Square Tower 

7 Times Square, New York, NY 10036 

Attn: John J. Rapisardi, Esq. (jrapisardi@omm.com) 

Suzzanne Uhland, Esq. (suhland@omm.com) 

Diana M. Perez, Esq. (dperez@omm.com) 

(d) attorneys for the Puerto Rico Fiscal Agency and Financial Advisory Authority: 

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) 

(e) the Office of the United States Trustee for the District of Puerto Rico, Edificio Ochoa: 

Office of the United States Trustee for the District of Puerto Rico, 

Edificio Ochoa 

500 Tanca Street, Suite 301 

San Juan, PR 00901 

(re: In re: Commonwealth of Puerto Rico) 

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Estimated Hearing Date: Next Omnibus Hearing Date or an earlier date as ordered by the Court 

Objection Deadline: August 24, 2023, at 4:00 p.m. (Atlantic Standard Time) 

- 12 - 

(f) attorneys 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) 

(g) attorneys for the Official Committee of Unsecured Creditors: 

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) 

(h) attorneys for the Official Committee of Retired Employees: 

Jenner & Block LLP 

919 Third Ave. 

New York, NY 10022 

Attn: Robert Gordon, Esq. (rgordon@jenner.com) 

Richard Levin, Esq. (rlevin@jenner.com) 

and 

Jenner & Block LLP 

353 N. Clark Street 

Chicago, IL 60654 

Attn: Catherine Steege, Esq. (csteege@jenner.com) 

Melissa Root, Esq. (mroot@jenner.com) 

(i) attorneys for the Official Committee of Retired Employees: 

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) 

(j) the Puerto Rico Department of Treasury: 

Puerto Rico Department of Treasury 

PO Box 9024140 

San Juan, PR 00902-4140 

Attn: Reylam Guerra Goderich, Deputy Assistant of Central Accounting 

 (Reylam.Guerra@hacienda.pr.gov) 

Omar E. Rodríguez Pérez, CPA, Assistant Secretary of Central 

 Accounting (Rodriguez.Omar@hacienda.pr.gov) 

Angel L. Pantoja Rodríguez, Deputy Assistant Secretary of Internal 

 Revenue and Tax Policy (angel.pantoja@hacienda.pr.gov) 

Francisco Parés Alicea, Secretary of the Puerto Rico Treasury 

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Document Page 16 of 32
4853-7626-8104.1 

Estimated Hearing Date: Next Omnibus Hearing Date or an earlier date as ordered by the Court 

Objection Deadline: August 24, 2023, at 4:00 p.m. (Atlantic Standard Time) 

- 13 - 

Department (francisco.pares@hacienda.pr.gov) 

Francisco Peña Montañez, CPA, Assistant Secretary of the Treasury 

(Francisco.Pena@hacienda.pr.gov) 

(k) attorneys 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) 

(l) attorneys for the Fee Examiner: 

Godfrey & Kahn, S.C. 

One East Main Street, Suite 500 

Madison, WI 53703 

Attn: Katherine Stadler (KStadler@gklaw.com) 

(m) attorneys for AAFAF in the PREPA Title III proceeding: 

Greenberg Taurig LLP 

200 Park Avenue 

New York, NY 10166 

Attn. Nathan A. Haynes, Esq., haynesn@gtlaw.com 

(n) attorneys for the U.S. Bank National Association: 

Maslon LLP 

90 South Seventh Street, Suite 3300 

Minneapolis, MN 55402 

Attn: Clark T. Whitmore, Esq. (clark.whitmore@maslon.com) 

William Z. Pentelovitch, Esq., (bill.pentelovitch@maslon.com) 

John T. Duffey, Esq. (john.duffey@maslon.com) 

Jason M. Reed, Esq. (jason.reed@maslon.com) 

(o) attorneys for the U.S. Bank National Association: 

Rivera, Tulla and Ferrer, LLC 

50 Quisqueya Street 

San Juan, PR 00917 

Attn: Eric A. Tulla, Esq. (etulla@riveratulla.com) 

Iris J. Cabrera-Gómez, Esq. (icabrera@riveratulla.com). 

WHEREFORE Nixon respectfully requests that the Court enter an order (a) allowing 

interim compensation for professional services rendered during the Compensation Period in 

the amount of $58,872.00 (including the 10% professional compensation holdback amount); (b) 

directing the Commonwealth to pay promptly to Nixon the difference between (i) the amount of 

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Estimated Hearing Date: Next Omnibus Hearing Date or an earlier date as ordered by the Court 

Objection Deadline: August 24, 2023, at 4:00 p.m. (Atlantic Standard Time) 

- 14 - 

interim compensation for professional services rendered, and reimbursement of expenses incurred 

during the Compensation Period allowed hereunder, and (ii) the amounts for such compensation 

and expenses previously paid to Nixon, consistent with the provisions of the Interim Compensation 

Order; (c) allowing such compensation for professional services rendered and reimbursement of 

actual and necessary expenses incurred without prejudice to Nixon’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; and (d) granting Nixon such other and 

further relief as is just and proper. 

Dated: August 4, 2023 

New York, New York

Respectfully submitted, 

/s/ Sebastian M. Torres Rodríguez 

USDC No. 301211 

Nixon Peabody LLP 

Tower 46 

55 West 46th Street 

New York, NY 10036-4120 

Telephone: (212) 940-3072 

Facsimile: (833) 936-0842 

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4853-7626-8104.1 

Exhibit A 

ITEMIZED TIME RECORDS 

February 2023 (Projects #5 and #6) 

MATTER NO.: 000002 PREPA TAX ADVICE – PROJECT #5 

For Professional Fees:

Date Timekeeper Hours Description of Services

01: Category 1

 02/02/23 S. TorresRodriguez 0.70 Review Monthly Fee No Objection Statement in 

connection with the opinion fixed fee and provide 

comments to M. O'Sullivan

 02/02/23 S. TorresRodriguez 0.30 Coordinate generation of LEDES files of invoices 

from Oct 1, 2020 through September 30, 2022 for 

the Fee Examiner

 02/02/23 S. TorresRodriguez0.50 Review the Monthly Fee Statement for January 

2023.

Task Total: Category 1 1.50 Task Fees: 990.00 

 02/08/23 M. Rapaport 0.50 Telephone call with D. Brownstein regarding 

PREPA.

 02/09/23 M. Rapaport 1.00 Telephone calls and emails to D. Brownstein 

regarding PREPA bond structure (.5). Conference 

call with B. Serchuk regarding PREPA structure 

and contingent interest (.5).

 02/09/23 B. Serchuk 0.50 Telephone call with M. Rapaport regarding 

contingent payment question.

02/10/23 M. Rapaport 0.80 Telephone call and emails with D. Brownstein.

 02/16/23 C. Young 0.30 Emails with M. Rapaport and Cleary regarding 

final executed documents for our files (.3).

Task Total: None 3.10 Task Fees: 3,375.90 

TOTAL HOURS: 4.60

TOTAL FEES: $4,365.90

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Estimated Hearing Date: Next Omnibus Hearing Date or an earlier date as ordered by the Court 

Objection Deadline: August 24, 2023, at 4:00 p.m. (Atlantic Standard Time) 

- 2 - 

MATTER NO.: 000002 PREPA TAX ADVICE – PROJECT #6 

For Professional Fees:

Date Timekeeper Hours Description of Services

02/01/23 V. Wong 3.70 Review and revise Custodial Trust Agreement.

02/03/23 V. Wong 0.30 Call with Wachtel to discuss draft.

 02/09/23 V. Wong 1.00 Review comments to custodial trust agreement. 

Correspond with A. Darwin.

 02/10/23 A. Darwin 1.10 Preliminary review of Trust Agreement. 

Correspondence to Ms. Wong.

 02/10/23 K. Stack 1.20 Conference with V. Wong; review trust 

agreement.

02/10/23 V. Wong 0.80 Call with A. Darwin. Call with K. Stack.

 02/13/23 A. Darwin 2.00 Research regarding certain issues raised by 

revised Trust Agreement. Review Trust and 

outline comments for V. Wong.

 02/14/23 A. Darwin 1.00 Review certain points raised in comments to 

Trust. Review inquiry from Wachtel and research 

same. Correspondence with Ms. Wong.

 02/15/23 A. Darwin 0.90 Exchange of correspondence with tax counsel, Mr. 

Malik. Outline issues for Mr. Malik.

 02/17/23 A. Darwin 1.60 Review Delaware Trust aspects of Trust 

Agreement, requirements of Delaware Trustee. 

Review summary of tax aspects from Mr. Malik. 

Review certain aspects of Trust Agreement.

 02/17/23 S. Malik 2.40 Review trust agreement. Conference with S. 

Berger from Wachtell regarding same. Prepare 

summary e-mail to V. Wong regarding same.

 02/22/23 S. Malik 0.80 Conference with A. Darwin regarding open trust 

issues. Attention to trust agreement.

 02/22/23 A. Darwin 0.70 Follow up with Mr. Malik. Further outline and 

discuss trust issues with Mr. Malik.

 02/23/23 A. Darwin 0.70 Review requirements of Delaware Statutory 

Trusts.

02/23/23 S. Malik 1.20 Attention to trust tax issues.

 02/24/23 A. Darwin 0.90 Comments on trust document. Exchange of 

correspondence with Mr. Malik and Ms. Wong.

 02/24/23 B. Kenney 4.50 Review latest draft of Trust Agreement and issue 

list from Wachtell. Conference calls and e-mails 

with S. Malik and A. Darwin to discuss final 

changes to Agreement. E-mails with S. Berger to 

schedule conference call for tax issues.

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Estimated Hearing Date: Next Omnibus Hearing Date or an earlier date as ordered by the Court 

Objection Deadline: August 24, 2023, at 4:00 p.m. (Atlantic Standard Time) 

- 3 - 

 02/24/23 V. Wong 1.80 Correspond with internal team. Review revised 

draft agreement

 02/28/23 A. Darwin 0.30 Preliminary review of revised trust and 

correspondence to Mr. Malik and Ms. Wong 

regarding same.

 02/28/23 B. Kenney 4.50 Prepare for conference call with S. Berger. 

Review latest draft provided by WLRK from 

02/20 and compare it against previous WLRK 

draft along with most recent NP draft. Research 

into general New York state trust requirements 

with respect to grantor trusts.

Phase Fees: 29,818.80 

: Category 15

 02/14/23 V. Wong 0.50 Correspond with S. Marshall and A. Darwin. 

Review revised draft of custodial trust agreement.

Task Total: Category 15 0.50 Task Fees: 544.50 

29: Category 29

02/15/23 V. Wong 0.30 Call with A. Darwin and S. Malik.

Task Total: Category 29 0.30 Task Fees: 326.70 

77: Category 77

 02/13/23 V. Wong 1.00 Review Wachtel comments to draft. Call with A. 

Darwin.

Task Total: Category 77 1.00 Task Fees: 1,089.00 

TOTAL HOURS: 33.20

TOTAL FEES: $31,779.00

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4853-7626-8104.1 

March 2023 (Projects # 

5 and #6) 

MATTER NO.: 000002 PREPA TAX ADVICE – Project #5 

For Professional Fees:

Date Timekeeper Hours Description of Services

 03/20/23 M. Rapaport 0.80 Telephone call and emails with D. Brownstein 

regarding default provisions of PREPA bonds.

 03/20/23 B. Serchuk 0.30 Email with M. Rapaport regarding use of DSRF 

funds

 03/20/23 B. Serchuk 0.50 Emails with M. Rapaport regarding PREPA debt 

structure.

 03/21/23 M. Rapaport 1.00 Telephone call and emails with D. Brownstein 

regarding tax issues.

 03/22/23 B. Serchuk 0.40 Email with M. Rapaport regarding PREPA 

structuring issues.

 03/22/23 M. Rapaport 1.10 Telephone calls and emails to D. Brownstein 

regarding tax issues (.8). Emails to B. Serchuk 

regarding tax issues (.3).

03/29/23 M. Rapaport 0.40 Telephone call with D. Brownstein.

Task Total: None 4.50 Task Fees: 4,900.50 

TOTAL HOURS: 4.50

TOTAL FEES: $4,900.50

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4853-7626-8104.1 

MATTER NO.: 000002 PREPA TAX ADVICE – Project #6 

For Professional Fees:

Date Timekeeper Hours Description of Services 

03/01/23 A. Darwin 0.20 Telephone conference with Ms. Wong. 

03/01/23 V. Wong 1.30 Call with M. DiConza. Review revised agreement. Review 

proposed amendment to Citi facility.

03/01/23 S. Malik 1.80 Work on trust agreement. Conference with Wachtell. Email to V. Wong regarding open issues.

03/02/23 V. Wong 0.30 Call with M. DiConza. 

03/02/23 B. Kenney 3.90 Conference call with S. Berger and S. Malik to discuss tax 

aspects of latest draft Trust Agreement. Finalize review of 

trust Agreement and discussing with S. Malik.

03/03/23 S. Malik 1.40 Attention to open tax issues. Prepare summary of same. 

03/03/23 B. Kenney 2.20 Finalize review of latest Trust Agreement draft. 

Summarize outstanding tax issues in e-mails with S. Malik 

and V. Wong.

03/06/23 A. Darwin 2.10 Review revised Trust Agreement; send comments to Ms. 

Wong.

TOTAL HOURS: 13.20

TOTAL FEES: $11,757.90

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4853-7626-8104.1 

April 2023 

MATTER NO.: 000002 PREPA TAX ADVICE 

For Professional Fees:

Date Timekeeper Hours Description of Services

 04/16/23 M. Rapaport 0.30 Telephone call with D. Brownstein regarding 

PREPA structure.

Task Total: None 0.30 Task Fees: 326.70 

TOTAL HOURS: 0.30

TOTAL FEES: $326.70

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4853-7626-8104.1 

May 2023 

MATTER NO.: 000002 PREPA TAX ADVICE 

For Professional Fees:

Date Timekeeper Hours Description of Services

01: Category 1

 05/11/23 S. TorresRodriguez 0.40 Review Project Assignment #6 for the FOMB 

engagement and coordinate execution and delivery 

to FOMB

 05/11/23 S. TorresRodriguez 0.70 Review February 2023 and March 2024 Monthly 

Fee Statement and work with M. O’Sullivan to 

adequately classified time entries between Project 

Assignment #6 and Project Assignment #5 in 

order to comply with the interim compensation 

procedures

 05/11/23 S. TorresRodriguez 0.30 Review January Monthly Fee Statement in 

connection with Project Assignment #6 time 

entries and provide comments to M. O’Sullivan

 05/11/23 S. TorresRodriguez 1.00 Review Fee Examiner Letter Report in connection 

with our 1st through 5th fee applications (.70); 

confer with V. Wong (.10), M. Rappaport (.10) 

and C. Desiderio (.10) regarding the same and 

next steps.

 05/11/23 S. TorresRodriguez 0.20 Coordinate with D. Duhl adjustment to electronic 

fee data files for the to filed fee application up to 

January 2023 to address comments raised by Fee 

Examiner in connection with fixed fee 

assignments.

 05/11/23 S. TorresRodriguez 0.40 Coordinate with M. O’Sullivan (.20) and M. 

Rapaport (.20) adjustments to current invoicing 

practices to address comments raised by Fee 

Examiner

 05/12/23 S. TorresRodriguez 2.00 Review the revised January 2023, February 2023 

and March 2024 Monthly Fee Statement and work 

with M. O’Sullivan to fix billing rates in order to 

finalize and send the statements to client for 

approval

 05/25/23 S. TorresRodriguez0.70 Review executed Project Assignment #6 and 

coordinate next steps with M. O’Sullivan

 05/31/23 S. TorresRodriguez 1.20 Review the Fee Examiner Report on Uncontested 

Professional Fee Matter in conenction with the 

June 8, 2023 Omnibus Hearing

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Estimated Hearing Date: Next Omnibus Hearing Date or an earlier date as ordered by the Court 

Objection Deadline: August 24, 2023, at 4:00 p.m. (Atlantic Standard Time) 

- 2 - 

 05/31/23 S. TorresRodriguez 0.60 Review the Monthly Fee Statement for February 

2023 for Project Assignment #6 and provide 

comments to M. O’Sullivan

 05/31/23 S. TorresRodriguez 0.60 Review the Monthly Fee Statement for January 

2023 for Project Assignment #5 and provide 

comments to M. O’Sullivan

 05/31/23 S. TorresRodriguez 0.30 Call with M. O’Sullivan to discuss Monthly Fee 

Statement for February 2023 and next steps for the 

January 2023 No Objection Letter, Fee 

Applications to filed in June with the Title III 

Court and March, April and May Monthly Fee 

Statements

 05/31/23 S. TorresRodriguez0.30 Correspondence with I. Labarca regarding the Fee 

Examiner Report and our 10% hold back payment

Task Total: Category 1 8.70 Task Fees: 5,742.00 

TOTAL HOURS: 8.70

TOTAL FEES: $5,742.00

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Exhibit B 

ATTORNEY CERTIFICATION 

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4853-7626-8104.1 

UNITED STATES DISTRICT COURT 

DISTRICT OF PUERTO RICO 

In re: 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO, 

as representative of 

THE COMMONWEALTH OF PUERTO RICO, et 

al., 

 Debtors.1

PROMESA 

Title III 

Case No. 17 BK 3283-LTS 

(Jointly Administered) 

CERTIFICATION OF MITCHELL RAPAPORT PURSUANT TO PUERTO RICO 

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

Mitchell Rapaport, under penalty of perjury, certifies as follows: 

1. I am a partner with the law firm of Nixon Peabody LLP (“Nixon”). 

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

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

Puerto Rico (the “Local Rules”) regarding the contents of applications for compensation and 

expenses. 

3. I am familiar with the work performed by Nixon for the Financial Oversight and 

1

 The Debtors in these Title III Cases, along with each Debtor’s respective Title III case number and the last four 

(4) digits of each Debtor’s federal tax identification number, as applicable, are the (i) Commonwealth of Puerto Rico 

(Bankruptcy Case No. 17 BK 3283-LTS) (Last Four Digits of Federal Tax ID: 3481); (ii) Puerto Rico Sales Tax 

Financing Corporation (“COFINA”) (Bankruptcy Case No. 17 BK 3284-LTS) (Last Four Digits of Federal Tax ID: 

8474); (iii) Puerto Rico Highways and Transportation Authority (“HTA”) (Bankruptcy Case No. 17 BK 3567-LTS) 

(Last Four Digits of Federal Tax ID: 3808); (iv) Employees Retirement System of the Government of the 

Commonwealth of Puerto Rico (“ERS”) (Bankruptcy Case No. 17 BK 3566-LTS) (Last Four Digits of Federal Tax 

ID: 9686); and (v) Puerto Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17 BK 4780-LTS) (Last 

Four Digits of Federal Tax ID: 3747). (Title III case numbers are listed as Bankruptcy Case numbers due to software 

limitations). 

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Estimated Hearing Date: Next Omnibus Hearing Date or an earlier date as ordered by the Court 

Objection Deadline: August 24, 2023, at 4:00 p.m. (Atlantic Standard Time) 

- 2 - 

Management Board for Puerto Rico (the “Oversight Board”), acting for or on behalf of the Puerto 

Rico Electric Power Authority (“PREPA”). 

4. I have read the Thirteenth Interim Application of Nixon Peabody LLP for Allowance 

of Compensation for Services Rendered and for Reimbursement of Expenses as Special Counsel 

to the Financial Oversight and Management Board for Puerto Rico, as representative of the Puerto 

Rico Electric Power Authority, for the Period from February 1, 2023 through May 31, 2023

(the “Application”), and the facts set forth therein are true and correct to the best of my knowledge, 

information, and belief. 

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

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

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

Procedure, the Interim Compensation Order, the Guidelines for Reviewing Applications for 

Compensation and Reimbursement of Expenses by Attorneys in Larger Chapter 11 Cases, effective 

November 1, 2013 (the “Guidelines”), and the Local Rules of Bankruptcy Practice and Procedure 

of the United States Bankruptcy Court for the District of Puerto Rico. 

6. I hereby certify that no public servant of the Puerto Rico Department of Treasury 

is a party to or has any interest in the gains or benefits derived from the contract that is the basis 

of this invoice. The only consideration for providing services under the contract is the payment 

agreed upon with the authorized representatives of the Oversight Board. The amount of this invoice 

is reasonable. The services were rendered and the corresponding payment has not been made. To 

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Estimated Hearing Date: Next Omnibus Hearing Date or an earlier date as ordered by the Court 

Objection Deadline: August 24, 2023, at 4:00 p.m. (Atlantic Standard Time) 

- 3 - 

the best of my knowledge, Nixon does not have any debts owed to the Government of Puerto Rico 

or its instrumentalities. 

Dated: August 4, 2023 /s/ Mitchell Rapaport 

Mitchell Rapaport 

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4853-7626-8104.1 

UNITED STATES DISTRICT COURT 

DISTRICT OF PUERTO RICO 

In re: 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO, 

as representative of 

THE COMMONWEALTH OF PUERTO RICO, et 

al., 

 Debtors.1

PROMESA 

Title III 

Case No. 17 BK 3283-LTS 

(Jointly Administered) 

ORDER APPROVING THE THIRTEENTH INTERIM FEE APPLICATION OF NIXON 

PEABODY LLP FOR COMPENSATION FOR SERVICES RENDERED AND 

REIMBURSEMENT OF EXPENSES INCURRED AS SPECIAL COUNSEL TO THE 

FINANCIAL OVERSIGHT AND MANAGEMENT BOARD FOR PUERTO RICO, AS 

REPRESENTATIVE OF THE PUERTO RICO ELECTRIC POWER AUTHORITY, FOR 

THE PERIOD FROM FEBRUARY 1, 2023 THROUGH MAU 31, 2023 

Upon the application (the “Application”)2 of Nixon Peabody LLP (“Nixon”), as attorneys 

for the Financial Oversight and Management Board for Puerto Rico (the “Oversight Board”) acting 

as representative of the Debtors under Section 315(b) of the Puerto Rico Oversight, Management, 

and Economic Stability Act (“PROMESA”),3 seeking, pursuant to (a) Sections 316 and 317 of 

PROMESA, (b) Rule 2016 of the Federal Rules of Bankruptcy Procedure, (c) Local Rule 2016-1, 

1

 The Debtors in these Title III Cases, along with each Debtor’s respective Title III case number and the last four 

(4) digits of each Debtor’s federal tax identification number, as applicable, are the (i) Commonwealth of Puerto Rico 

(Bankruptcy Case No. 17 BK 3283-LTS) (Last Four Digits of Federal Tax ID: 3481); (ii) Puerto Rico Sales Tax 

Financing Corporation (“COFINA”) (Bankruptcy Case No. 17 BK 3284-LTS) (Last Four Digits of Federal Tax ID: 

8474); (iii) Puerto Rico Highways and Transportation Authority (“HTA”) (Bankruptcy Case No. 17 BK 3567-LTS) 

(Last Four Digits of Federal Tax ID: 3808); (iv) Employees Retirement System of the Government of the 

Commonwealth of Puerto Rico (“ERS”) (Bankruptcy Case No. 17 BK 3566-LTS) (Last Four Digits of Federal Tax 

ID: 9686); and (v) Puerto Rico Electric Power Authority (“PREPA”) (Bankruptcy Case No. 17 BK 4780-LTS) (Last 

Four Digits of Federal Tax ID: 3747). (Title III case numbers are listed as Bankruptcy Case numbers due to software 

limitations). 

2

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

3

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

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Estimated Hearing Date: Next Omnibus Hearing Date or an earlier date as ordered by the Court 

Objection Deadline: August 24, 2023, at 4:00 p.m. (Atlantic Standard Time) 

- 2 - 

(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 Second Amended Order Setting Procedures for Interim Compensation 

and Reimbursement of Expenses of Professionals (Dkt. No. 3269), an allowance of interim 

compensation for professional services rendered for the period commencing February 1, 2023 

through and including May 31, 2023 in the amount of $58,872.00; 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: 

1. The Application is APPROVED as set forth herein. 

2. Compensation to Nixon for professional services rendered during the 

Compensation Period is allowed on an interim basis in the amount of $58,872.00. 

3. The Debtor is authorized to pay Nixon all fees and expenses allowed pursuant to 

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. 

4. The Debtor is authorized to take all actions necessary to effectuate the relief granted 

pursuant to this Order in accordance with the Application. 

Dated: August 4, 2023 

San Juan, Puerto Rico Honorable Laura Taylor Swain 

United States District Judge

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