Energy Companies Await Vote of Mexican Congress on Proposal to Walk Back Power Market Liberalization

SUGAR LAND, TEXAS -- February 4, 2022 -- Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- The global power industry will be watching Mexico and holding its collective breath until April, when that country's Congress is required to vote on a series of electric market reforms proposed last December by President Andrés Manuel López Obrador (known as AMLO). The climate change community also will be paying attention to that vote, as the Mexican president wants to have natural gas supplant renewables as the largest source of new electric generation. Passing the change advocated by AMLO would lock in decades of increased greenhouse gas emissions from Mexico's power sector. Companies featured: Sempra (NYSE:SRE)