By RICARDO CASTILLO While here in Mexico, President Manuel López Obrador (AMLO) on Wednesday, March 3, was celebrating the 58 to 48 passage (with 22 abstentions) of his electricity reform bill the night before by the Senate, back in Texas the state government was busy issuing walking papers to nonprofit Electricity Reliability Council of Texas (Ercot) CEO Bill Magness, considered
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By KELIN DILLON Following the approval of Mexican President Andrés Manuel López Obrador’s (AMLO) controversial electricity reform bill, López Obrador said Mexico would be rewriting existing contracts with electrical companies “to update them to the new reality.” The bill gives Mexico’s state-owned Petróleos Mexicanos (Pemex) priority uploading of energy the also-state-owned Federal Electricity Commission (CFE) power grid, above private companies,
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AMLO’s Strangling Electricity Reform Bill
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By RICARDO CASTILLO Texas Gas Shortage The Arctic vortex that hit Texas and the north of Mexico on Monday, Feb. 15, did not catch the Federal Electricity Commission (CFE) unprepared, said the commission’s director, Manuel Bartlett Díaz. The cold spell was expected, and the subsequent gas shortage it produced was also to be expected, he said, but not just for
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By THE PULSE NEWS MEXICO STAFF In yet another bruising blow to Mexican President Andrés Manuel López Obrador’s headstrong efforts to undo the country’s Energy Reform, implemented in 2014 by his predecessor Enrique Peña Nieto, the national Chamber of Deputies’ Economic, Commercial and Competitive Commision (CECC) rejected his Electricity Reform Bill, which would limit grid providers almost exclusively to the
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AMLO’s Electricity Reform Bill
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By KELIN DILLON Over 196.7 billion pesos in investment into Mexico’s energy sector are now in jeopardy, following Mexican President Andrés Manuel López Obrador’s (AMLO) controversial proposals to reform the nation’s electric industry, according to opponents of the bill. The proposed law would allow Mexico’s government-owned Federal Electricity Commission (CFE) to gain priority over private energy plants to upload their
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By THE PULSE NEWS MEXICO STAFF The American Chamber of Commerce in Mexico (Amcham) said Friday, Feb. 5, that President Andrés Manuel López Obrador’s (AMLO) proposed electricity reform bill “represents a giant step backwards for the sector’s ability to compete, the nation’s state of law and sustainable development for the country.” In a written statement, the business organization pointed out
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By RICARDO CASTILLO There is no doubt that the Mexican Supreme Court’s harsh blow against President Andrés Manuel López Obrador’s (AMLO) Energy Bill on Wednesday, Feb. 3, which shot down 22 articles of the controversial edict pushed through last year by Energy Secretary Rocío Nahle, wobbled the administration. The court voted against the bill because of what it considered radical
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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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