David A. Skeel Jr. publishes the first inside account of the Board

On August 4, 2026, NotiCel covers the release of Promise Land, the book in which David A. Skeel Jr. offers the first inside account of the Fiscal Oversight Board. The outlet's dek says what it covers: PROMESA, the central debt, and the unfinished bankruptcy of the Electric Power Authority. It is not a quarterly report. It is a former chair's memoir, filtered through an outlet that dates it.

David A. Skeel Jr., according to NotiCel, recalls the first offer to bondholders: a loss of up to 40 percent. The final restructuring, 80 percent. In the first year, a $17 million cut to the legislative budget. Those three figures live in this note and are copied as he puts them. They are not turned into a recovery rate for all creditors or into a count of PROMESA years.

The contribution David A. Skeel Jr. claims is having stopped the General Fund from paying AEE bondholders. He criticizes Jenniffer González Colón for still offering that. The phrase is quoted in the clip as criticism, not as a numbered bill. On August 13, El Nuevo Día will put the governor talking about the temporary-generation contract and defending Osvaldo Carlo Linares; that note is not the reply to the book. They are read in different weeks.

On August 20, NotiCel publishes another judgment on the Board, this one from civil society: organizations call the body's ten years a lost decade, with a report Espacios Abiertos puts at $2,021 million on consultants and lawyers, plus closed schools and cuts to the UPR. Those figures belong to the report, not to David A. Skeel Jr. Promise Land is not used here to audit La Década perdida, nor the other way around.

On June 29, the Board certified the FY2027 budget and Robert F. Mujica Jr. said it was a step, not the exit: audits, Medicaid, and education remain. The most recent audits, in that Board note, are from FY2022. David A. Skeel Jr. writes about an AEE bankruptcy that remains unfinished. NotiCel dates the book. This magazine does not reconcile the 40 and the 80 percent with any claims table the clip does not bring.

Source: NotiCel. https://noticel.com/en/economia/20260804/las-confesiones-de-un-expresidente-de-la-junta-de-control-fiscal/