Energy Reform

On August 6th, 2014, Congress reached the approval of the reform minutes to the secondary legislation derived from the constitutional energy bill that came into force on December 21st, 2013. It is only pending for the Federal Executive Branch to publish the same in the Official Gazette of the Federation.

This reform seeks to regulate the hydrocarbon sector, the electricity industry, geothermal energy, as well as the new legal regime for Pemex and CFE, and gives rise to a new chapter in the country's energy sector. In this manner, the modern history in the sector transits from a nationalism with a fierce governmental control over the energy resources (same which was somewhat watered down over the time with the issuance of secondary legislation by several State administrations') to a scheme being very close to a free market that will be discretionally controlled by the regulatory bodies of the State entitled to do so.