AMLO’s Second Nationalization Is a Costly Hoax
with the transfers of more financial resources to the CFE to cover its new deficit, the people of Mexico will bear the cost in higher electricity bills
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AMLO Buys Iberdrola Plants, May Have Gotten Burned in Deal
After four years of verbally barraging the Spanish-owned Iberdrola energy company, the AMLO administration would now be purchasing the bulk of that company’s Mexican power-generating plants for the sum of $6 billion
Read moreAMLO Launches Attacks Against Federal Judges
By KELIN DILLON On Tuesday, July 19, Mexican President Andrés Manuel López Obrador (AMLO) used his daily morning press conference to attack the Mexican judges who granted suspensions against the executive’s favored policies and pet megaprojects, falling in line with López Obrador’s preferred strategy of publicly admonishing dissenters of his administration. AMLO took the opportunity to speak out against Specialized
Read moreAMLO’s Electricity Reform: A National Disaster in the Making
OPINION By ALEJANDRO ENVILA FISHER If the cancellation of the construction of New Mexico City International Airport (NAICM) in Texcoco had devastating effects on the Mexican economy — due to the exorbitant cost (estimated by the government’s own Superior Audit offices as being somewhere between 184 billion pesos and 332 billion pesos) but also because of the dubious signal it
Read moreMexico Closes Private Sector Gas Terminals
By KELIN DILLON As the Mexican government continues its quest to give state-owned oil company Petróleos Mexicanos (Pemex) majority control over the nation’s energy market, it has now closed a number of privately owned terminals used to import fuel across the country. In the past month and a half alone, three terminals in Tuxpan, Puebla and Hermosillo were closed by
Read moreAmerican Chamber Calls AMLO’s Power Bill Giant Step Backwards
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
Read morePrivate Sector Rejects AMLO’s Proposed Electric Reform
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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