By KELIN DILLON As widespread political debate over Mexican President Andrés Manuel López Obrador’s (AMLO) proposed reform to the country’s electricity legislation, which would grant the state-owned electricity company, the Federal Electricity Commission (CFE), a 54 percent market share compared to 46 percent by the private sector, both AMLO and CFE CEO Manuel Bartlett Díaz have spoken publicly in its
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By RICARDO CASTILLO Electricity Bill It will come as no surprise for most people in Mexico that President Andrés Manuel López Obrador’s (AMLO) Electricity Reform Bill was approved by the Chamber of Deputies, as programmed by Congress’ majority rule, now in the hands of the leftist National Regeneration Movement (Morena) political party, and will now head to the Senate. If
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By KELIN DILLON Mexico’s private business sector has accused Mexican President Andrés Manuel López Obrador’s (AMLO) proposed reform to the nation’s electric industry of being an “indirect expropriation” of investments made by private companies. The proposed law would allow Mexico’s state-owned Federal Electricity Commission (CFE) to gain preference over private energy plants to upload their production to the grid, limiting
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By RICARDO CASTILLO New Dollar Revenues Law The Mexican Senate approved a bill on Wednesday, Dec. 9, stipulating that all foreign currencies income flowing into Mexico should stay in the nation and not be allowed to be repatriated to the country of its origin. The board of directors of Mexico’s central bank, Banco de Mexico (Banxico), immediately challenged the bill,
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By RICARDO CASTILLO Wind and Solar Energy Thwarted The publication in the Mexican government’s Official Gazette on Friday, May 15, of a change in federal electricity policies, titled the Policy of Trustworthiness, Security, Continuity and Quality in the National Electricity System has irked many a foreign corporation that has invested in renewable electricity. Mexican Energy (Sener) Secretary Rocío Nahle has
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By RICARDO CASTILLO “He slammed the door on us!” That quote is from Mexico’s Business Coordination Council (CCE) president Carlos Salazar Lomelín regarding the meeting he and other business leaders had on Monday, April 6, with Mexican President Andrés Manuel López Obrador (AMLO) concerning the nation’s booming unemployment quagmire. AMLO said his doors are open, but that he disagrees with
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By RICARDO CASTILLO … The Mexican business community is finally showing an inkling of positivity toward President Andrés Manuel López Obrador (AMLO)…
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