Mexico Senator Open To Energy Bill Changes to Avoid Lawsuits
- Electricity bill can change with investor input, Monreal says
- Reforms on outsourcing, regulation on hold until midterms
MEXICO CITY, MEXICO - JANUARY 07: Deputy Ricardo Monreal in Mexico City on January 7, 2019. (Photo by Carlos Tischler/Getty Images)
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Mexico’s senate majority leader said a new government bill that would favor the state utility over private investors requires dialogue with the companies to ease their heavy opposition and avoid ending in lawsuits.
Senator Ricardo Monreal told Bloomberg News that the electricity legislation sent by President Andres Manuel Lopez Obrador to congress on Monday would be the top economic bill before lawmakers in the first part of the year. He pledged to work with private energy companies to make sure the proposal doesn’t clash with agreements such as Mexico’s trade deal with the U.S. and Canada, know as USMCA.