04 /17 Closing Prices / revised 04/18/2024 07:51 GMT 04/17    OPEC Basket    $89.64    -$0.58  | 04/17     Mexico Basket (MME)   $76.44  -$2.48 | 04/12    Venezuela Basket (Merey)  $70.98    +$3.71  | 04/17      NYMEX WTI Texas Intermediate May CLK24   $82.69  -$2.67   | 04/17    ICE Brent June  BRNM24      $87.29   -$2.73    | 04/17     NYMEX Gasoline May RBK24   $2.73   -3.3%   |  04/17    NYMEX  Heating Oil May  HOK24   $2.57  -2.9 %   | 04/17     Natural Gas May NGK24    $1.71  -1.2% | 04/12    Active U.S. Rig Count (Oil & Gas)    617   -3  | 04/18    USD/MXN Mexican Peso  16.9479  (data live) | 04/18   EUR/USD    1.0685   (data live)  | 04/18    US/Bs. (Bolivar)   $36.32650000 ( data BCV)  

Mexico Supreme Court Debate on Electricity Reform Postponed – Bloomberg

  • Controversial law gave state-owned utility CFE the priority
  • Government called for judges to be recused from process
President Andres Manuel Lopez ObradorPhotographer: Alejandro Cegarra/Bloomberg
President Andres Manuel Lopez Obrador (Alejandro Cegarra/Bloomberg)

Maya Averbuch, Bloomberg News

MEXICO CITY
Energiesnet.com 09 28 2023

A debate by Mexico’s Supreme Court on private energy companies’ complaints over the government’s nationalistic electricity legislation was postponed on Wednesday after President Andres Manuel Lopez Obrador’s government called for two judges to be removed from the process.

The ruling over the controversial law, which gave Mexico’s state-owned utility CFE priority over private ones in dispatching electricity, was delayed after the Energy Ministry requested that judges Alberto Perez Dayan and Luis Maria Aguilar Morales not participate in the decision, according to a person at the top court with direct knowledge of the matter. The debate and vote will determine whether the 2021 law can be applied to the power companies involved in the case, the person said. 

The remaining judges in the Supreme Court will have to decide whether the two judges would be able to participate in the process, which could lead to possible delays in the decision. A new date for the debate has not yet been set. 

A spokesman for the presidential office didn’t immediately reply to a request for comment. 

©2023 Bloomberg L.P.

bloomberg.com 09 27 2023

Share this news

Support EnergiesNet.com

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©1999-2021, 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 material.

 
 
Scroll to Top