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Federal Justice Blocks Electricity Industry Law's Reform in Mexico

Federal Justice Blocks Electricity Industry Law's Reform in Mexico

power

Industry Segment: Power | Word Count: 288 Words

CORDOBA, ARGENTINA--April 9, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--In early March, the Mexican Congress approved a reform to the Electricity Industry Law proposed by President Lopez Obrador. The main goal of the reform was to empower state-owned Comision Federal de Electricity (CFE) to recover a majority stake on the electricity market after losing its monopolistic position after 2013's Energy Reform. On March 19, a federal judge ruled a general suspension of the reform.

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