Tag Archives: London Court of International Arbitration

Failed Arbitration with Canada Cost CFE $85 Million

PULSE NEWS MEXICO Mexico’s state-owned Federal Electricity Commission (CFE) lost an international arbitration case last year against Canada’s ATCO Ltd and had to pay compensation of more than $85 million, according to three people familiar with the matter. Although the case involved the construction of a gas pipeline that had been contracted by the previous administration, it shows the type

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CFE to Renegotiate $80 Billion Pipeline Debt

By RICARDO CASTILLO     The tip of the iceberg appeared last April in the form of three outages in the Yucatan Peninsula, each affecting approximately 1.6 million electricity users. Back then, the Mexican state-owned company Federal Electricity Commission (CFE) blamed the blackouts on rural cane field fires and line failures. The rest of the iceberg emerged last month, and the truth

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