On September 30, President Andrés Manuel López Obrador sent an energy sector constitutional reform to Mexico's Congress. He said that its objective was to rescue and strengthen state-owned utility Comisión Federal de Electricidad (CFE), reduce electricity prices and give the state more control over the sector. The reform would eliminate the autonomous regulatory agencies that oversee the electricity and hydrocarbon sectors, concentrating power in the executive branch. If approved, the reform would represent a dramatic reversal of the market liberalization implemented by the previous presidential administration.
Will the reform be passed? What will the consequences be for the electricity market and private energy investment in Mexico? What will the international ramifications be, regarding, for example, the application of the United States-Mexico-Canada Agreement (USMCA)?
This private event was co-hosted by the Baker Institute Center for the United States and Mexico and the Center for Energy Studies. Follow @BakerCtrUSMEX on Twitter, and join the conversation with #BakerMexico.
Tony Payan, Ph.D.
Françoise and Edward Djerejian Fellow for Mexico Studies; Director, Center for the United States and Mexico, Baker Institute
Founder and Director of Analítica Energética SC; Director, Oil and Gas, PwC México
Guillermo Jose Garcia Sanchez
Associate Professor of Law, Texas A&M University School of Law
Miriam Grunstein, Ph.D.
Nonresident Scholar, Center for the United States and Mexico, Baker Institute
Lourdes Melgar, Ph.D.
Nonresident Fellow, Center for Energy Studies, Baker Institute
Francisco J. Monaldi, Ph.D.
Fellow in Latin American Energy Policy, Center for Energy Studies, Baker Institute