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AMLO feud with CRE head heats up

Bnamericas Published: Tuesday, February 19, 2019
AMLO feud with CRE head heats up

The feud between the Mexican government and the head of energy regulator CRE, Guillermo Alcocer (pictured), is intensifying.

After accusations by President Andrés Manuel López Obrador that Alcocer has conflicts of interests, the public controller's office released documents showing that in-laws of the CRE head were working for pipeline and infrastructure company Fermaca and Danish wind power company Vestas.

The feud comes as López Obrador's picks to replace four CRE commissioners, who have resigned, have come under fire from opposition parties and Alcocer himself for having weak credentials.

Currently the CRE does not have the quorum required to make regulatory and permitting decisions. The Mexican senate will have 30 days to choose from the presidents' candidates from the date of the presentation of their names to lawmakers on February 12.

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  • Company: Nader, Hayaux & Goebel S.C.  (NHG)
  • Nader, Hayaux & Goebel (NHG) is a Mexican law firm specializing in mergers and acquisitions, banking and finance, fintech, debt and equity markets, structured finance, telecommu...
  • Company: Generadores Mexicanos S.A. de C.V.  (GENERMEX)
  • The description included in this profile was taken directly from an official source and has not been modified or edited by BNamericas’ content team. However, it may have been au...