By THE PULSE NEWS MEXICO STAFF Four former national heads of Mexico’s centralist Institutional Revolutionary Party (PRI) warned over the weekend that voting for leftist President Andrés Manuel López Obrador’s (AMLO) controversial electricity reform would constitute a step backwards for Mexico and the possible extinction of the party itself. “What should it matter if the PRI is in government or
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By KELIN DILLON Just one day after Mexico’s head of the Federal Electricity Commission (CFE), Manuel Bartlett, claimed that private-sector energy providers would not be compensated for contracts potentially cancelled by the country’s proposed electricity reform, National Regeneration Movement (Morena) Senator Ricardo Monreal on Saturday, Oct. 16, urged the CFE and its officials to remain “prudent” about the goals of
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By KELIN DILLON As Mexican President Andrés Manuel López Obrador’s (AMLO) controversial electric reform continues to receive pushback, including the recent rejection of the proposal by 18 members of the Institutional Revolution Party (PRI), the executive and his own party, the National Regeneration Movement (Morena) have acquiesced to being open toward changes to the reform. Despite this newfound receptivity toward
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By KELIN DILLON Officials from Mexico’s Business Coordinating Council (CCE) have come forward to dismiss the Mexican government’s purported lies surrounding its proposed electric reform, saying in a statement on Tuesday, Oct. 12, that their intentions “are guided by ideology and not by technical expertise and rigor.” The CCE’s head Carlos Salazar Lomelín pointed to Secretary of Energy Rocío Nahle
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By THE PULSE NEWS MEXICO STAFF Mexican President Andrés Manuel López Obrador (AMLO) left no doubt on Monday, Oct. 10, as to which energy sources would be prioritized under his new electricity initiative. During his daily morning press conference, AMLO had Energy Secretary Rocío Nahle read out the details of his proposed electricity reform, which, she said, would return control
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By THE PULSE NEWS MEXICO STAFF Mexican President Andrés Manuel López Obrador’s (AMLO) proposed electricity reform would nullify at least 32 existing contracts with private electricity generators, especially those of independent energy producers, which, according to data from Federal Electricity Commission (CFE), are valued at 1.6 trillion pesos. To put that in context, that sum would constitute enough money to
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By THE PULSE NEWS MEXICO STAFF Moody’s Analytics, one of the three top credit rating agencies in the world, said Wednesday, Oct. 6, that Mexican President Andrés Manuel López Obrador’s (AMLO) controversial electricity reform initiative would have negative implications for the country’s credit rating. “The initiative would be negative for the Mexican power sector because it would decrease its operational
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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 THE PULSE NEWS MEXICO STAFF Mexican President Andrés Manuel López Obrador (AMLO) just dealt what might be the final blow to the nation’s energy reform bill, implemented in 2013 by former President Enrique Peña Nieto. On Friday, Oct. 1, he sent this latest electricity reform initiative to Congress, a law which would restrict control of the sector to the
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By KELIN DILLON In the first of a set of constitutional reforms proposed by Mexican President Andrés Manuel López Obrador (AMLO), Mexico’s upcoming electricity reform will see the state-owned Federal Electricity Commission (CFE) collaborate with the country’s private sector on power plants, though the CFE will ultimately own the majority of projects. Within the proposal, the private sector is encouraged
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