01/15 Closing Prices / revised 01/16/2026 10:59 GMT | 01/15 OPEC Basket Price $62.77 -1.30 cents | 01/15 Mexico Basket (MME)  $53.30 -.2.77 cents  11/14 average (Oct) Venezuela Basket (Merey)  $ 47.51   -1.05 cents | 01/15 NYMEX Light Sweet Crude  $59.19 -$2.83 cents | 01/15 ICE Brent  $63.76 – 2.76 cents 01/15 RBOB Gasoline NY Harbor 06/06  $1.7838 0.0466 cents | 01/15 Heating Oil NY Harbor  $2,2083 -0.0736 cents | 01/15 NYMEX Natural Gas  $3.128 +0.008 cents | 01/09 Baker Hughes Rig Count (Oil & Gas)  544 -2 | 01/16 USD – Dollar/MXN  17.6511 (data live) 01/16 EUR – USD  $1.1614 (data live)  01/16 US/Bs. (Bolivar) Bs 341,74250000 (data BCV) (Parallel Bs. 481.00-617.00-estimated) Source: WTRG/MSN/Bloomberg/MarketWatch/Reuters/larepublica.pe, Zelle, cash, transfer.

Mexican Ruling Party Lawmakers Eye Approving Contentious Power Reform by May

A demonstrator gestures in support of Mexico’s President Andres Manuel Lopez Obrador and his plan to boost state control of the power market during a demonstration outside National Congress in Mexico City, Mexico, February 17, 2022. (Edgard Garrido/Reuters)

Diego Ore, Reuters

MEXICO CITY
EnergiesNet.com 02 21 2022

Congressional allies of Mexican President Andres Manuel Lopez Obrador are seeking to approve before May a contentious reform that would give the state greater control of the electricity sector, a ruling party lawmaker said.

Manuel Rodriguez, president of the Energy Commission in Mexico’s lower house of Congress, said in an interview that talks with other parties to reach the more than 300 votes needed to pass the reform are going well.

The lawmaker added that changes will be made to Lopez Obrador’s proposal but it will still give the state-owned Federal Electricity Commission (CFE) at least 54% of the country’s power market, as originally proposed.

The Biden administration has repeatedly expressed concerns that the legislation will hamper investment in clean technologies, and climate envoy John Kerry earlier this month pressed Lopez Obrador to ensure the bill does not breach the United States-Mexico-Canada Agreement trade pact.Report ad

Rodriguez said lawmakers have been meeting with specialists, academics and private-sector representatives to discuss changes.

“We aren’t in a hurry, but we aren’t going to stop, either,” Rodriguez said. “The plan is to approve (the reform) this session, which ends April 30.”

One of the planned changes would implement a review of contracts of private power providers who currently operate outside the national grid, instead of canceling them outright as the current proposal would, he said.Report ad

“The central part of the reform has no changes,” Rodriguez said. “The rest can be improved.”

The ruling National Regeneration Movement and its allies hold 280 seats in the lower chamber but would need 53 more votes to change the Constitution, which would be required to pass the reform.

The leader of the opposition Institutional Revolutionary Party, Alejandro Moreno, said this week that the reform should be voted on after June’s regional elections.

If approved in the lower house, the initiative must also pass through the Senate.

The reform championed by Lopez Obrador aims to place the electricity sector in the hands of the state-owned CFE, do away with regulatory bodies and guarantee the state’s control over Mexico’s coveted lithium reserves. read more

Reporting by Diego Ore; Writing by Kylie Madry; Editing by Tim Ahmann from Reuters.

reuters.com 02 18 2022

Share this news

Leave a Comment


 EnergiesNet.com

About Us

 

By Elio Ohep · Launched in 1999 under Petroleumworld.com

Information & News on Latin America’s Energy, Oil, Gas,
Renewables, Climate, Technology, Politics and Social issues

Contact : editor@petroleuworld.com


CopyRight©1999-2024, Petroleumworld.com
, EnergiesNet.com™  /
Elio Ohep – All rights reserved
 

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission fromPetroleumworld or the copyright owner of the materia

 

Energy - Environment

No posts found!

Point of View

EIA Total Energy Review
This Week in Petroleum