USActive 46018682.7 - 1 - 

IN THE 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.

Debtors.1

PROMESA 

Title III 

Case No. 17 BK 3283-LTS 

(Jointly Administered) 

In re: 

THE FINANCIAL OVERSIGHT AND 

MANAGEMENT BOARD FOR PUERTO RICO, 

as representative of 

PUERTO RICO ELECTRIC POWER AUTHORITY, 

Debtor. 

PROMESA 

Title III 

Case No. 17 BK 4780-LTS 

STIPULATION AND [PROPOSED] ORDER SETTING FORTH PROCESS FOR 

PRODUCTION OF PREPA FISCAL PLAN DEVELOPMENT MATERIAL IN 

RESPONSE TO THE COURT’S ORDER ENTERED ON MAY 22, 2018 (ECF NO. 3122) 

 

1

 The Debtors in the jointly-administered Title III cases, along with each Debtor’s respective 

Title III case number listed as a bankruptcy case number due to software limitations and the last 

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

Commonwealth of Puerto Rico (“Commonwealth”) (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) 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); (iv) Puerto Rico Highways and Transportation Authority (“HTA”) (Bankruptcy Case No. 

17 BK 3567-LTS) (Last Four Digits of Federal Tax ID: 3808); 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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To the Honorable United States Magistrate Judge Judith Gail Dein:

Pursuant to the Order of the Honorable United States Magistrate Judge Judith Gail Dein 

entered on May 22, 2018 (ECF No. 3122)2

 (the “May 22nd Order”), (i) Assured Guaranty Corp., 

Assured Guaranty Municipal Corp., National Public Finance Guarantee Corporation, the Ad Hoc 

Group of PREPA Bondholders, Syncora Guarantee Inc., and U.S. Bank National Association, 

solely in its capacity as successor trustee under the Trust Agreement between U.S. Bank and 

PREPA, dated as of January 1, 1974 (collectively, the “Movants”) and (ii) Puerto Rico Electric 

Power Authority (“PREPA”) in this Title III case—by and through the Financial Oversight and 

Management Board for Puerto Rico (the “FOMB”), as PREPA’s sole representative pursuant to 

section 315(b) of the Puerto Rico Oversight, Management, and Economic Stability Act

(“PROMESA”),3 and the Puerto Rico Fiscal Agency and Financial Advisory Authority 

(“AAFAF” and, together with PREPA, the “Respondents,” and, together with the Movants, the 

“Parties”) respectfully submit the following stipulation and proposed order in response to the 

May 22nd Order setting forth the process for the production of Fiscal Plan Development 

Materials4 identified in and after the filing of the Joinder of Assured Guaranty Corp., Assured 

Guaranty Municipal Corp., National Public Finance Guarantee Corporation, The Ad Hoc 

Group of PREPA Bondholders, Syncora Guarantee Inc., and U.S. Bank National Association, in 

its Capacity as PREPA Bond Trustee to Motion to Compel Compliance with February 26, 2018 

Order and For Entry of a Protective Order of Ad Hoc Group of General Obligation 

Bondholders, Ambac Assurance Corporation, Assured Guaranty Corp., Assured Guaranty 

Municipal Corp., The Mutual Fund Group, and National Public Finance Guarantee Corporation

(ECF No. 2948) (“PREPA Joinder”) that was treated as a motion to compel pursuant to the 

 

2

 “ECF No.” refers to docket entries in Case No. 17 BK 3283-LTS, unless otherwise noted. 

3

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

4

 “Fiscal Plan Development Materials” refers to the non-privileged documents responsive to 

Request No. 20 to Schedule A to the Stipulation and Order Authorizing Rule 2004 Examination

(Case No. 17 BK 4780-LTS, ECF No. 538) (“PREPA 2004 Order”). 

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Court’s Order entered on May 15, 2018 (ECF No. 3064) (“PREPA Motion to Compel”) and in 

connection with the PREPA 2004 Order that set forth Movants’ Rule 2004 requests in Schedule 

A (“PREPA 2004 Requests”). 

The Parties have agreed to the following process through their undersigned counsel, 

subject to approval of the Court: 

1. Respondents will produce the materials listed in Exhibit A to the PREPA Joinder, 

as well as the materials they agreed to make available for litigation purposes in Puerto Rico 

Electric Power Authority’s Response to the Ad Hoc Group of PREPA Bondholders, National 

Public Finance Guarantee Corporation, Assured Guaranty Corp., Assured Guaranty Municipal 

Corp., Syncora Guarantee Inc., and U.S. Bank National Association’s Rule 2004 Requests, sent 

to the Movants on January 24, 2018, and their letter dated May 24, 2018, to Movants separately 

from the Intralinks Data Room (the “Data Room”). Respondents will make such production on 

or before June 21, 2018. 

2. Respondents will also produce any later-identified Fiscal Plan Development 

Materials separately from the Data Room. For the avoidance of doubt, later-identified Fiscal 

Plan Development Materials do not include materials that existed in the Data Room as of the 

filing of the PREPA Joinder on April 23, 2018, unless such materials were identified in Exhibit 

B of the Motion to Compel. 

3. To the extent Fiscal Plan Development Materials are subsequently made available 

in the Data Room (e.g., as part of the mediation process), Respondents will produce those 

materials that are responsive to the PREPA 2004 Requests separately from the Data Room, 

provided, however, that Respondents will not be required to produce materials prepared 

specifically for purposes of mediation or settlement negotiations to the extent such materials are 

subject to the Mediation Agreements and/or Federal Rule of Evidence 408 

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(“Mediation/Settlement Materials”). Respondents shall designate documents as 

Mediation/Settlement Materials by posting such documents to the Mediation Folder for PREPA 

(Folder 4.10) in the Data Room. 

4. To the extent Movants identify any materials uploaded in the Data Room after 

April 23, 2018 that they contend should be produced pursuant to Rule 2004 and outside the Data 

Room or should not be treated as Mediation/Settlement Materials, Movants shall notify 

Respondents in writing. Any such notification shall include specific Data Room references for 

the documents at issue and include references to the specific documents. Movants must provide 

Respondents at least seven (7) days to respond, and the Parties shall meet and confer in good 

faith to resolve any disputes before seeking Court intervention. 

5. Materials that are produced separately from the Data Room as set forth above will 

be made available through an FTP site. Such materials should be produced in the format 

requested in paragraphs 11 and 12 in the General Instructions to the PREPA 2004 Requests, 

including producing electronically stored information (“ESI”) as that term is used in Fed. R. Civ. 

P. 34 to the extent that ESI is available. ESI and metadata will be produced to the extent it is 

available. For Data Room materials, ESI and metadata will be produced to the extent it is 

available in Data Room materials as they are maintained in the Data Room. 

 

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Dated: New York, New York 

 June 4, 2018 

CASELLAS ALCOVER & BURGOS P.S.C. 

By: /s/ Heriberto Burgos Pérez 

Heriberto Burgos Pérez 

USDC-PR 204809 

Ricardo F. Casellas-Sánchez 

USDC-PR 203114 

Diana Pérez-Seda 

USDC-PR 232014 

P.O. Box 364924 

San Juan, PR 00936-4924 

Telephone: (787) 756-1400 

Facsimile: (787) 756-1401 

Email: hburgos@cabprlaw.com 

 rcasellas@cabprlaw.com 

 dperez@cabprlaw.com 

CADWALADER, WICKERSHAM & TAFT LLP 

By:/s/ Howard R. Hawkins, Jr. 

Howard R. Hawkins, Jr.* 

Mark C. Ellenberg* 

Ellen V. Holloman* 

Ellen Halstead* 

Gillian Groarke Burns* 

Thomas J. Curtin* 

Casey J. Servais* 

200 Liberty Street 

New York, NY 10281 

Telephone: (212) 504-6000 

Facsimile: (212) 406-6666 

Email: howard.hawkins@cwt.com 

 mark.ellenberg@cwt.com 

 ellen.holloman@cwt.com 

 ellen.halstead@cwt.com 

 gillian.burns@cwt.com 

 thomas.curtin@cwt.com 

 casey.servais@cwt.com 

*admitted pro hac vice 

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

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TORO COLÓN MULLET, P.S.C. 

By: /s/ Manuel Fernández-Bared 

Manuel Fernández-Bared 

USDC-PR No. 204,204 

Linette Figueroa-Torres 

USDC-PR No. 227,104 

E-mail: lft@tcm.law 

Nayda Perez-Roman 

USDC–PR No. 300,208 

P.O. Box 195383 

San Juan, PR 00919-5383 

Tel.: (787) 751-8999 

Fax: (787) 763-7760 

Email: mfb@tcm.law 

 lft@tcm.law 

 nperez@tcm.law 

KRAMER LEVIN NAFTALIS & FRANKEL LLP 

By: /s/ Gregory A. Horowitz 

Amy Caton* 

Thomas Moers Mayer* 

Gregory A. Horowitz* 

Alice J. Byowitz* 

Douglas Buckley* 

1177 Avenue Of The Americas 

New York, New York 10036 

Tel.: (212) 715-9100 

Fax: (212) 715-8000 

Email: acaton@kramerlevin.com 

 tmayer@kramerlevin.com 

 ghorowitz@kramerlevin.com 

 abyowitz@kramerlevin.com 

 dbuckley@kramerlevin.com 

* admitted pro hac vice

Counsel to the Ad Hoc Group of PREPA Bondholders 

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ADSUDAR MUÑOZ GOYCO SEDA & PEREZ-OCHOA, PSC, P.S.C. 

By: /s/ Eric Pérez-Ochoa 

Eric Pérez-Ochoa 

USDC-PR No. 206,314 

Luis A. Oliver-Fraticelli 

USDC-PR NO. 209,204 

208 Ponce de Leon Ave., Suite 1600 

San Juan, PR 00936 

Tel.: (787) 756-9000 

Fax: (787) 756-9010 

Email: epo@amgprlaw.com 

 loliver@amgprlaw.com 

WEIL, GOTSHAL & MANGES LLP 

By: /s/ Edward R. McCarthy 

Marcia Goldstein* 

Jonathan Polkes* 

Jared Friedmann* 

Gregory Silbert* 

767 Fifth Avenue 

New York, New York 10153 

Tel.: (212) 310-8000 | Fax: (212) 310-8007 

Email: marcia.goldstein@weil.com 

 jonathan.polkes@weil.com 

 jared.friedmann@weil.com 

 gregory.silbert@weil.com 

Edward R. McCarthy* 

1395 Brickell Avenue, Suite 1200 

Miami, FL 33131-3368 

Tel. (305) 577-3240 

Email: edward.mccarthy@weil.com 

*admitted pro hac vice

Counsel for National Public Finance Guarantee Corporation 

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GOLDMAN ANTONETTI & CORDOVA, LLC 

By:/s/ Carlos A. Rodríguez-Vidal 

Carlos A. Rodríguez-Vidal 

USDC-PR No. 201213 

Solymar Castillo-Morales 

USDC-PR NO. 218310 

P.O. Box 70364 

San Juan, PR 00936-8364 

Tel.: (787) 759-4117 

Fax: (787) 767-9177 

Email: crodriguez-vidal@gaclaw.com 

 scastillo@gaclaw.com 

DEBEVOISE & PLIMPTON LLP 

By:/s/ My Chi To 

My Chi To* 

Craig A. Bruens* 

Elie J. Worenklein* 

919 Third Avenue 

New York, New York 10022 

Tel.: (212) 909-6000 

Fax: (212) 909-6836 

Email: mcto@debevoise.com 

 cabruens@debevoise.com 

 eworenklein@debevoise.com 

*admitted pro hac vice

Counsel for Syncora Guarantee Inc. 

 

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RIVERA, TULLA AND FERRER, LLC 

By:/s/ Eric A. Tulla 

Eric A. Tulla 

USDC-DPR No. 118313 

Iris J. Cabrera-Gómez 

USDC-DPR No. 221101 

Rivera, Tulla & Ferrer Building 

50 Quisqueya Street 

San Juan, PR 00917-1212 

Tel: (787) 753-0438 

Fax: (787) 767-5784 

 (787) 766-0409 

Email: etulla@riveratulla.com 

 icabrera@riveratulla.com 

MASLON LLP 

By:/s/ Clark T. Whitmore 

Clark T. Whitmore* 

Jason M. Reed* 

90 South Seventh Street, Suite 3300 

Minneapolis, MN 55402 

Tel.: (612) 672-8200 

Fax: (612) 672-8397 

Email: clark.whitmore@maslon.com 

 jason.reed@maslon.com 

*admitted pro hac vice 

Counsel for U.S. Bank National Association, in its capacity as PREPA Bond Trustee

 

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GREENBERG TRAURIG, LLP 

By:/s/ Joseph P. Davis III 

Nancy A. Mitchell* 

Nathan A. Haynes* 

MetLife Building 

200 Park Avenue 

New York, NY 10166 

Tel: (212) 801-9200 

Fax: (212) 801-6400 

Email: mitchelln@gtlaw.com 

 haynesn@gtlaw.com 

Kevin D. Finger* 

David D. Cleary* 

77 West Wacker Drive, Suite 3100 

Chicago, IL 60601 

Tel: (312) 456-8400 

Fax: (312) 456-8435 

Email: clearyd@gtlaw.com 

 fingerk@gtlaw.com 

Joseph P. Davis III* 

Greenberg Traurig LLP 

One International Place Suite 2000 

Boston, MA 02110 

Tel: 617-310-6000 

Fax: 617-310-6001 

Email: davisjo@gtlaw.com 

*admitted pro hac vice 

Counsel for The Puerto Rico Fiscal Agency and Financial Advisory Authority, as Fiscal Agent 

for PREPA 

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CANCIO, NADAL, RIVERA & DIAZ, PSC 

By:/s/ Arturo Diaz-Angueira 

Arturo Diaz-Angueira (USDC No. 117907) 

Katiuska Bolaños Lugo (USDC No. 231812) 

403 Muñoz Rivera Ave. 

San Juan, PR 00918-3345 

Tel: (787) 767-9625 

Fax: (787) 622-2230 

Email: kbolanos@cnrd.com 

 adiaz@cnrd.com 

Counsel for PREPA

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IT IS SO ORDERED, this ___ day of ______________, 2018. 

__________________________________________ 

HONORABLE JUDITH GAIL DEIN 

UNITED STATES MAGISTRATE JUDGE 

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CERTIFICATE OF SERVICE 

I hereby certify that I filed this document electronically with the Clerk of the Court using 

the CM/ECF System, which will send notification of such filing to all parties of record in the 

captioned case. Further, I directed that the following counsel of record be served by U.S. Mail: 

Office of the United States Trustee for Region 21 

Edificio Ochoa 

500 Tanca Street, Suite 301 

San Juan, PR 00901-1922 

Gerardo J. Portela Franco 

Puerto Rico Fiscal Agency and Financial 

Advisory Authority (AAFAF) 

De Diego Ave. Stop 22 

San Juan, Puerto Rico 00907 

John J. Rapisardi, Esq. 

O’Melveny & Myers LLP 

7 Times Square 

New York, New York 10036 

Luis C. Marini-Biaggi, Esq. 

Marini Pietrantoni Muniz, LLC 

MCS Plaza, Suite 500 

255 Ponce de León Ave. 

San Juan, PR 00917 

Martin J. Bienenstock, Esq. 

Proskauer Rose LLP 

Eleven Times Square 

New York, New York 10036-8299 

Hermann D. Bauer, Esq. 

O’Neill & Borges LLC 

250 Muñoz Rivera Ave., Suite 800 

San Juan, PR 00918-1813 

Nancy A. Mitchell, Esq. 

Greenberg Traurig LLP 

200 Park Avenue 

New York, New York 10166 

Arturo Diaz-Angueira, Esq. 

Cancio, Nadal, Rivera & Diaz, P.S.C. 

403 Muñoz Rivera Ave. 

San Juan (Hato Rey), PR 00918-3345 

Luc A. Despins, Esq. 

Paul Hastings LLP 

200 Park Avenue 

New York, New York 10166 

Juan. J. Casillas Ayala 

Casillas, Santiago & Torres LLC 

El Caribe Office Building 

53 Palmeras Street, Suite 1601 

San Juan, PR 00901-2419 

Robert Gordon, Esq. 

Jenner & Block LLP 

919 Third Avenue 

New York, New York 10022 

A.J. Bennazar-Zequeira 

Bennazar, Garcia & Milian, C.S.P. 

Edificio Union Plaza PH-A piso 18 Avenida 

Ponce de Leon #416 

Hato Rey, PR 00918 

At New York, New York, 4th day of June, 2018. 

By: /s/ Howard R. Hawkins, Jr.

 Howard R. Hawkins, Jr. 

 * Admitted pro hac vice 

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