RIO DE JANEIRO, BRAZIL - Mexico’s Supreme Court on Wednesday, February 3rd, upheld an antitrust suit against government measures seeking to strengthen the national power company, dealing a blow to a central plank of President Andres Manuel Lopez Obrador’s campaign agenda.
The Federal Economic Competition Commission (COFECE) antitrust body submitted the challenge to the court last year after the energy ministry issued orders to give the state more power over the electricity sector by expanding national electric power utility, the Comisión Federal de Electricidad (CFE).
Those measures modified rules on who can generate power and in what quantity . . .