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prima:Skeel hopes Judge Swain will uphold PREPA’s Plan of Adjustment

The Oversight Board chairman described the latest version of the proposal, which would put an end to the public utility bankruptcy, as “fair.”

February 29, 2024 - 11:32 AM

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This content was published more than 10 months ago.
David Arthur Skeel señaló que Puerto Rico y sus municipios debieron haber tenido acceso al Capítulo 9 de la Ley de Quiebra federal. (Suministrada)
David Skeel, president of the Fiscal Oversight Board, expects federal judge Laura Taylor Swain to confirm the Puerto Rico Electric Power Authority’s plan of adjustment in the hearing scheduled to begin next Monday.

David Skeel, chair of the Oversight Board, described the latest version of the Puerto Rico Electric Power Authority’s plan of adjustment (PREPA-POA) as “fair” and expressed hopes that U.S. District Judge Laura Taylor Swain would approve the proposal once the confirmation hearing process under PROMESA is completed.

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