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AMLO’s Power Bill Stalls as Mexican Lawmakers Demand Changes

  • Opposition won’t back bill if regulators lose independence
  • Electricity proposal probably won’t be passed, Eurasia says
Photovoltaic panels at the Salsipuedes solar plant in Villa de Arista, San Luis Potosi state, Mexico.

Photovoltaic panels at the Salsipuedes solar plant in Villa de Arista, San Luis Potosi state, Mexico.

Photographer: Mauricio Palos/Bloomberg

Leading opposition lawmakers in Mexico say they won’t back the government’s nationalist electricity bill unless it changes significantly, reducing chances one of the president’s most ambitious proposals is approved in congress any time soon.

The legislators - whose support is crucial for President Andres Manuel Lopez Obrador to get his bill passed - want to see modifications including preserving independent energy regulators and giving guarantees to private companies about their role in the market, among other concessions.