Exhibit A 

Case:17-03283-LTS Doc#:24180-1 Filed:05/09/23 Entered:05/09/23 22:00:41 Desc:

Exhibit A Page 1 of 3
Proskauer Rose LLP Eleven Times Square New York, NY 10036-8299

Beijing | Boca Raton | Boston | Chicago | Hong Kong | London | Los Angeles | New Orleans | New York | Paris | São Paulo | Washington, DC

May 8, 2023

VIA EMAIL

Counsel for the Ad Hoc Group of PREPA Bondholders

Counsel for Syncora Guarantee, Inc.

Counsel for Assured Guaranty Corp. and Assured Guaranty Municipal Corp.

Counsel for the PREPA Bond Trustee

Counsel for the Ad Hoc Committee of National Claim Assignees

Counsel for the Official Committee of Unsecured Creditors

Counsel for Unión de Trabajadores de la Industria Eléctrica y Riego, Inc.

Counsel for Sistema de Retiro de Empleados de la Autoridad de Energía Eléctrica

Counsel for the Hon. Rafael Hernández-Montañez and the Hon. José L. Dalmau-Santiago

Counsel for PV Properties, Inc.

Counsel for Creditor Manuel Gonzalez Joy

Counsel for Ahimsa Foundation

Counsel for Instituto de Competitividad y Sostenibilidad Económica de Puerto Rico 

Counsel for Comité Diálogo Ambiental, Inc. et al.

Counsel for Asociación de Titulares de Condominios, Inc. 

Re: Depositions in PREPA Title III Confirmation, Case No. 17-04780

Dear Counsel:

On behalf of the Financial Oversight and Management Board for Puerto Rico (the “Oversight 

Board”), as the sole Title III representative of the Puerto Rico Electric Power Authority (“PREPA”

or the “Debtor”), we write to inform you that any party intending to ask questions in a particular 

deposition of an Oversight Board witness must serve a corresponding Notice of Deposition on the 

Oversight Board in advance. Failure to provide such notice is prejudicial to the Oversight Board

because, without advance notice of which parties intend to question its witnesses, we are unable 

to properly prepare our witnesses for their depositions.

This position is consistent with my statement near the conclusion of the May 4, 2023, deposition 

of William Zarakas. Counsel for UTIER and SREAEE had not filed a notice of deposition of Mr. 

Zarakas, nor had it been communicated to the Oversight Board that either party intended to 

question Mr. Zarakas. Although we proceeded to allow counsel for UTIER and SREAEE to 

question Mr. Zarakas, I stated on the record that failure to notify the Oversight Board raised due 

process concerns. Zarakas Tr. 267:21-269:9. 

Going forward, if a party plans to question a witness at deposition, please serve a Notice of 

Deposition on the Oversight Board sufficiently in advance of the deposition to afford us time to 

Margaret A. Dale

Member of the Firm

d +1.212.969.3315

f 212.969.2900

mdale@proskauer.com

www.proskauer.com

Case:17-03283-LTS Doc#:24180-1 Filed:05/09/23 Entered:05/09/23 22:00:41 Desc:

Exhibit A Page 2 of 3
Counsel for Parties in Interest

May 8, 2023

Page 2

prepare. The failure to do so may result in the Oversight Board rejecting the party’s effort to 

question the witness. Our intention is to file an Informative Motion attaching this letter on the 

public docket so that all parties are aware of the Oversight Board’s position.

Thank you.

Sincerely,

/s/ Margaret A. Dale

Margaret A. Dale

cc: 

Counsel for SOLA LTD, Solus Opportunities Fund 5 LP, Ultra Master LTD, and Ultra NB LLC

Counsel for National Public Finance Guarantee Corporation

Counsel for Vitol Inc. and Vitol S.A.

Counsel for LUMA Energy, LLC 

Counsel for the Puerto Rico Fiscal Agency and Financial Advisory Authority

Case:17-03283-LTS Doc#:24180-1 Filed:05/09/23 Entered:05/09/23 22:00:41 Desc:

Exhibit A Page 3 of 3