Exhibit 1

Redline of Proposed Order

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UNITED STATES DISTRICT COURT

FOR THE 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.1

Debtor. 

Tax I.D. No. 66-

0433481Debtors.

PROMESA

Title III

No. 17 BK 3283 (-LTS)

(Jointly Administered)

Re: Docket No. ____ 

In re:

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO,

as representative of

PUERTO RICO SALES TAX FINANCING 

CORPORATION (“COFINA”),

Debtor. 

Tax I.D. No. 66-0698474

PROMESA

Title III

No. 17 BK 3284 (LTS) 

(Joint Administration Requested)

Re: Docket No. ____ 

ORDER (A) PROHIBITING UTILITIES FROM ALTERING, 

REFUSING, OR DISCONTINUING SERVICE, (B) DEEMING UTILITIES

ADEQUATELY ASSURED OF FUTURE PERFORMANCE, AND (C) ESTABLISHING 

PROCEDURES FOR DETERMINING ADEQUATE ASSURANCE OF PAYMENT

Upon the Motion of Debtor Entities for an Order (A) Prohibiting Utilities from Altering, 

Refusing, or Discontinuing Service, (B) Deeming Utilities Adequately Assured of Future 

Performance, and (C) Establishing Procedures for Determining Adequate Assurance of Payment (the 

1

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

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

“Commonwealth”) (Case No. 17 BK 3283-LTS) (Tax ID: 3481) and (ii) Puerto Rico Sales Tax Financing Corporation 

(“COFINA”) (Case No. 17 BK 3284) (Tax ID: 8474).

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“Motion”);2

 and the Court having found it has subject matter jurisdiction over this matter pursuant to

PROMESA section 306(a); and it appearing that venue in this district is proper pursuant to PROMESA

section 307(a); and the Court having found that the relief requested in the Motion is in the best

interests of the Debtors, their creditors, and other parties in interest; and the Court having found that 

the Debtors provided adequate and appropriate notice of the Motion under the circumstances and that 

no other or further notice is required; and the Court having reviewed the Motion and having heard 

the statements of counsel in support of the Motion at a hearing held before the Court (the “Hearing”); 

and the Court having determined that the legal and factual bases set forth in the Motion and at the

Hearing establish just cause for the relief granted herein; and any objections to the relief requested 

in the Motion having been withdrawn or overruled on the merits; and upon the record herein, after 

due deliberation thereon, the Court having found that good and sufficient cause exists for the

granting of the relief as set forth herein, 

THEREFORE, IT IS HEREBY ORDERED THAT:

1. The Motion is granted as set forth herein.

2. Except in accordance with the procedures set forth below and absent further order of

the Court, each Utility Provider, including Utility Providers that currently provide Utility Services 

but are not listed on the Utilities Provider List, is prohibited from (a) altering, refusing, or 

discontinuing service to or discriminating against the DebtorsCommonwealth on the basis of the 

commencement of these Title III Cases or on account of any unpaid invoice for services provided 

before the applicable petition date and (b) requiring the payment of a deposit or other security in 

connection with Utility Providers’ continued provision of Utility Services.

3. The relief granted herein is for all Utility Providers providing Utility Services to the

2 Capitalized terms not otherwise defined herein shall have the meanings given to them in the Motion.

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DebtorsCommonwealth and is not limited to those parties listed on the Utility Provider List attached 

to the Motion. 

4. The Motion and this order shall be served, via first-class mail, on each Utility

Provider included on the Utility Provider List and all other parties required to receive service.

5. The Debtors areCommonwealth is authorized and directed to provide each of theirits

Utility Providers with an administrative expense priority claim for postpetition, unpaid Utility 

Services (the “Adequate Assurance Claim”) as adequate assurance of payment to Utility Providers.

6. If a Utility Provider is not satisfied with the assurance of future payment provided by

the DebtorsCommonwealth, the Utility Provider must serve a written request (the “Additional 

Assurance Request”) upon the Debtors Commonwealth setting forth (i) the location(s) for which 

Utility Services are provided, (ii) the account number(s) for such location(s), (iii) the outstanding 

balance for each account, (iv) a summary of the Debtors’Commonwealth’s payment history on each 

account, (v) a summary of any security deposits provided by the DebtorsCommonwealth to such 

Utility Provider, and (vi) an explanation of why the Adequate Assurance Claim is inadequate

assurance of payment. 

7. The Additional Assurance Request must be in writing, in English (or fully translated

into English by a certified translator) and actually be filed with the Court and received by (i) counsel 

to the Puerto Rico Fiscal Agency and Financial Advisory Authority and (ii) counsel to the

Oversight Board, so that it is received on or before , ____________, 2017 at 5:00 p.m. (prevailing 

Atlantic Standard Time) (the “Request Deadline”). 

6.8. In accordance with PROMESA section 305, the DebtorsCommonwealth may, in

theirits sole discretion and without further order of the Court, resolve any Additional Assurance 

Request by mutual agreement with the Utility Provider, and in connection with any such 

agreement, may provide a Utility Provider with additional adequate assurance of future payment 

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including, but not limited to, cash deposits, letters of credit, prepayments, and/or other forms of

security. 

9. If the Debtors determineCommonwealth determines an Additional Assurance

Request is not reasonable and is not able to reach an alternative resolution with the Utility Provider, 

the Court shall determine the adequacy of the proposed adequate assurance at the next regularly 

scheduled omnibus hearing or as otherwise determined by this Court; provided, however, that the 

DebtorsCommonwealth, with the consent of such Utility Provider, may continue the hearing date

on any unresolved Additional Assurance Request, and provided, further that any objecting Utility 

Provider shall be prohibited from altering, refusing, or discontinuing Utility Services to, or

discriminating against, the DebtorsCommonwealth over any unpaid charges for prepetition Utility 

Services or any perceived inadequacy of the proposed adequate assurance, pending final resolution 

of the Additional Assurance Request.

7.10. A Utility Provider shall be deemed to have adequate assurance of payment unless and 

until (i) the Debtors, in their sole discretion, agree to an Additional Assurance Request or agree 

to an alternative assurance of payment with the Utility Provider or (ii) the Court enters an order 

requiring additional adequate assurance of payment be provided. 

8.11. Any Utility Provider that fails to make a timely Additional Assurance Request by the

Request Deadline shall be deemed to have received adequate assurance of payment satisfactory to

such Utility Provider as required by Bankruptcy Code section 366, and shall be prohibited from

altering, refusing, or discontinuing Utility Services to, or discriminating against, the

DebtorsCommonwealth on the basis of the commencement of these Title III Cases, on account of 

any unpaid invoice for services provided before the applicable petition date, or any perceived 

inadequacy of the proposed adequate assurance. 

9.12. At any time, the DebtorsCommonwealth may terminate service from any of theirits

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Utility Providers, such termination being effective immediately upon the Debtors’Commonwealth’s

notice to the Utility Provider. At such time, the DebtorsCommonwealth shall no longer be required 

to make any more payments to such Utility Provider for any services provided after such 

termination, and to extent such Utility Provider holds a deposit or excess funding, it shall be returned 

forthwith.

10.13. To the extent the Debtors identifyCommonwealth identifies additional Utility 

Providers, the DebtorsCommonwealth will file amendments to the Utility Provider List, and shall

serve a copy of this order on such newly- identified Utility Providers. Following the 

Debtors’Commonwealth’s filing and service of such amendment to the Utility Provider List (which 

shall include a copy of this order), the added Utility Providers identified shall have twenty-one 

(21) calendar days therefrom to serve an Additional Assurance Request. Thereafter, the abovedescribed procedures shall govern if and until any such resulting Additional Assurance Requests are 

timely made. 

11.14. In the event the Debtors defaultCommonwealth defaults postpetition in respect of 

any of theirits obligations under this order to any Utility Provider, such Utility Provider may 

seek additional adequate assurances in this Court upon motion and appropriate notice to the

DebtorsCommonwealth and interested parties.

12.15. Notwithstanding the relief granted herein or any actions taken pursuant thereto, 

nothing herein shall be deemed: (a) an admission as to the validity of any claim against the 

DebtorsCommonwealth; (b) a waiver of the Debtors’Commonwealth’s right to dispute any claim on 

any grounds; (c) a promise or requirement to pay any claim; (d) an implication or admission that 

any particular claim is of a type specified or defined hereunder; (e) a request or authorization to

assume any agreement, contract, or lease pursuant to Bankruptcy Code section 365; (f) an admission

or concession that each such entity is a “utility” within the meaning of Bankruptcy Code section

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366; or (g) a waiver of the Debtors’Commonwealth’s rights under PROMESA, the Bankruptcy 

Code, or any other applicable law. 

13.16. Notwithstanding the applicability of any Bankruptcy Rule, the terms and 

conditions of this order shall be immediately effective and enforceable upon its entry. 

14.17. The DebtorsCommonwealth and the Oversight Board, as the 

Debtors’Commonwealth’s representative, are authorized to take all actions, and to execute all

documents, necessary or appropriate, to effectuate the relief granted in this order in accordance with 

the Motion. 

15.18. This Court shall retain exclusive jurisdiction to hear and determine any and all 

disputes related to or arising from the implementation, interpretation, and enforcement of this 

order.

Dated: , 2017 

San Juan, Puerto Rico Honorable Laura Taylor Swain 

United States District Judge

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