Tag Archives: CFE

AMLO Wins Round Two of his Electricity Reform Fight

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By THE PULSE NEWS MEXICO STAFF Mexico’s Second Collegiate Court Specializing in Economic Competition, Broadcasting and Telecommunications voted unanimously on Thursday, July 1, to revoke a definitive suspension that had been granted to halt the implementation of President Andrés Manuel López Obrador’s controversial electricity reform bill. The collegiate court, composed of three magistrates, agreed to revoke the suspension because they

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AMLO Launches his Media Wall of Shame

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By THÉRÈSE MARGOLIS Mexican President Andrés Manuel López Obrador (AMLO) launched his media wall of shame on Wednesday, June 30, and, not surprisingly, the list of alleged “fake news” purveyors included most of his favorite punching bags: Reforma, El Universal and El Financiero. all media ranked among the most credible in the country. The parade of “despicable” media reports for

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Mexico’s CFE Raises Electricity Costs by 20 Percent

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By KELIN DILLON Mexico’s state-owned Federal Electricity Commission (CFE), widely touted by President Andrés Manuel López Obrador (AMLO) as his solution to lower energy prices for the average Mexican, has in fact reportedly increased its costs by 20 percent from January to April of this year. The CFE’s use of expensive, nonrenewable fuels is apparently driving its prices up, as

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AMLO Fires Head of Corruption Watchdog Secretariat

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By THÉRÈSE MARGOLIS While Mexican President Andrés Manuel López Obrador (AMLO) continues to dole out high-ranking (and high-paying) government jobs to luggage porters and entourage traffic managers with little or no academic or professional qualifications (other than their undying loyalty to him), on Monday, June 22, he ousted one of his “most-uncompromising” (his words) proselytes from her office as head

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AMLO Announces Three Reforms to Mexican Constitution

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By KELIN DILLON Mexican President Andrés Manuel López Obrador (AMLO) announced his pursuit of three significant changes to the Mexican Constitution on Tuesday, June 15, focusing on reforms to the document’s electrical, electoral and military sections. López Obrador proposed constitutional electrical reform seeks to strengthen the state-owned Federal Electricity Commission (CFE) so that standard users will not pay higher rates

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AMLO’s Energy Reforms Threaten $4.8 Billion in Investment

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By THE PULSE NEWS MEXICO STAFF Over the course of the last six years, U.S. and Canadian companies have invested more than $4.805 billion in Mexico’s energy sector, capital that is now being threatened by the changes to the electricity and hydrocarbon sectors laws promoted by President Andrés Manuel López Obrador (AMLO). Among the major companies that have invested in

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Goldman Sachs Sues CFE Over Debt

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By KELIN DILLON Global investment bank Goldman Sachs launched an international lawsuit against Mexico’s state-owned Federal Electricity Commission (CFE) for its apparent debt, to the sum of $400 million. The CFE allegedly defaulted on payments for a natural gas purchase during last February’s gas pipeline freeze, which affected Texas and Northern Mexico, resulting in the suit. “The Federal Electricity Commission

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Mexico to Cancel South Texas-Tuxpan Gas Pipeline

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By KELIN DILLON Mexico’s government has announced its intention to revoke permits from Ienova-TC Energy for the operation of the South Texas-Tuxpan gas pipeline, one of the most important pipelines in the nation, that stretches across 689 kilometers of the country’s federal maritime zone. “It is not feasible to continue granting said authorization, until (Ienova) proves due compliance with the

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