POWER May 2010 - 83

1. Mexican electricity rates as a percentage of U.S. rates. Source: CFE-SENER
Commercial
Residential
200
180
160
140
120
100
80
60
40
20
experience, argue that although Mexico may
have a more closed environment in both electricity
generation and oil and gas, the multinational
companies that come to Mexico
understand this and also see that there nevertheless
is money to be made in Mexico.
Guilarte, one of the leading authorities on
the Mexican energy sector, as noted above,
Industrial
Total
Agricultural
Public
concurs: " There are still opportunities in
Mexico. Sometimes the press overlooks the
positive projections and great potential of
Mexico in the near future, especially in business,
which can be quite profitable. Mexico
is a modern nation and one of the best choices
to invest in Latin America. " He then goes
on to specify that the CFE is consistently
changing and improving facilities, so despite
the regulatory restraints and the absence of
a solid reform plan on the table, he remains
firmly optimistic.
Despite arguments that the state-owned
CFE would struggle to compete in terms of
efficiencies with world-leading energy companies
and deters private investment, the reality
is that, as is the case with PEMEX, there
is very little chance of changes being made
to the constitution to enable much more private
competition in the near future. This is
a topic that is considered too dangerous for
an administration even to discuss due to the
political fallout that such moves would undoubtedly
entail. The last major attempt was
made in 1999 by President Ernesto Zedillo,
who backed a radical bill attempting to privatize
the majority of plants and unbundle the
sector. Both this and the later attempt by
President Vicente Fox to introduce legislaMay
2010 | POWER
www.powermag.com
83
Percentage
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001

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POWER May 2010

Table of Contents for the Digital Edition of POWER May 2010

Contents
POWER May 2010 - Cover1
POWER May 2010 - Cover2
POWER May 2010 - Contents
POWER May 2010 - 2
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