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Following the House of Representatives discussion and approval of the draft Amendment of the Electricity Industry Law proposed by President Andrés Manuel López Obrador on February 1, 2021 (the “Amendment”), on March 03, 2021, the Senate approved the Amendment. After five hours of discussion, the Senate voted 68 in favor and 58 against the Amendment.
As mentioned in our
previous Legal Update, the Amendment establishes the modification of several articles of the law with the ultimate purpose of strengthening the Federal Electricity Commission (
Comisión Federal de Electricidad, “CFE”) by implementing:
No free competition. Deleting the provision that states that the generation and commercialization of electricity are services that shall be provided in a regime of free competition.
On January 29, 2021, the President of Mexico sent to the Chamber of Deputies of the Congress proposed amendments to the Electricity Industry Law, namely, an "Initiative with a Draft.