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Court Ruling On Electricity Initiative Is Setback for AMLO

MEXICO

(Dow Jones) -- Mexico's Supreme Court on Wednesday ruled that changes in regulations for the country's electricity market giving priority to the state-owned utility over private power generators is unconstitutional.


The ruling is a setback for President Andrés Manuel López Obrador's plans to restore the dominance of state-owned energy companies, and bodes badly for a bill he sent to congress this week that would give the state-owned utility CFE a commanding position in the power market.

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