Mexico’s President to Present Key Energy Reform This Month
- AMLO limiting privatizations, prioritizing state entities
- He believes Mexico should become energy self-sufficient
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Mexico’s President Andres Manuel Lopez Obrador said in his third state-of-the-union address, the halfway point in a six-year term, that he plans to present a bill revamping the energy sector to congress this month.
The proposal of a constitutional amendment giving priority to the state utility company, the Federal Electricity Commission, over private competitors has been discussed by the leader for months, but he used his speech Wednesday to put a timeline on it. The amendment must be approved by congress, where it is expected to face an uphill battle: although the legislature is still stacked with members of the president’s own party, that support was watered down by the mid-term elections in June.