Thursday, 3 April 2025
Home Topics Business Mexican Senate votes to give constitutional preference to state power company CFE
BusinessElectricityLegislationNewsPoliticsRegulationsTransmissionUtilities

Mexican Senate votes to give constitutional preference to state power company CFE

78
FILE PHOTO: The logo of Mexico's state-run electric utility known as the Federal Electricity Commission (CFE), is seen at its office, in Mexico City, Mexico May 8, 2024. REUTERS/Henry Romero/File Photo
The logo of Mexico's state-run electric utility known as the Federal Electricity Commission (CFE), is seen at its office, in Mexico City, Mexico May 8, 2024. —REUTERS/Henry Romero/File Photo

MEXICO CITY — Mexico’s Senate voted to amend the country’s constitution late on Wednesday to give dispatch preferences to state electricity company CFE, cementing the national power generator’s preferential status above foreign or private competitors.

The initiative passed the upper chamber of Congress with 86 votes to 39, meeting the requirement of two-thirds support to change the constitution.

The constitutional reform will require national grid operator Cenace to prioritize power generated from the CFE’s power plants, even if it is more costly than power supplied by private producers.

The proposal already passed the lower house of Congress last week, with support from the leftist ruling Morena party of President Claudia Sheinbaum.

The constitutional overhaul of dispatch rules will take effect once it passes a majority of state legislatures, and is then published in the government’s official gazette.

Like her predecessor, former President Andres Manuel Lopez Obrador, Sheinbaum has sought to give more control of Mexico’s energy market to state-owned power company Comision Federal de Electricidad (CFE).

Lopez Obrador sought to enact the same change during his term, but was thwarted by legal challenges.

(Reporting by Adriana Barrera, additional reporting by Natalia Siniawski; Editing by Bernadette Baum)

Related Articles

Lilium burnt through huge sums while trying to develop its jet (AFP)

German flying taxi start-up’s rescue deal collapses

A German flying taxi start-up said on Friday it would halt operations...

FILE PHOTO: U.S. Secretary of the Interior Doug Burgum speaks as he attends a signing ceremony with members of the West Virginia Congressional Delegation at the EPA headquarters in Washington, D.C., U.S., February 18, 2025. REUTERS/Kent Nishimura/File Photo

US energy council chief says power plants to produce 15% more electricity

By Valerie Volcovici WASHINGTON (Reuters) – U.S. Interior Secretary and co-chair of...

Cuba has inaugurated a new solar energy park in the capital Havana (AFP)

Cuba opens solar park hoping to stave off blackouts

Cuba on Friday unveiled a new solar energy park in the capital...

FILE PHOTO: Cranes unload imported iron ore from a cargo vessel at a port in Lianyungang, Jiangsu province, China October 27, 2019. REUTERS/Stringer/File Photo

Iron ore heads for weekly gain on brightening demand outlook, China stimulus hopes

By Amy Lv and Lewis Jackson BEIJING (Reuters) -Iron ore futures prices...

Login into your Account

Please login to like, dislike or bookmark this article.