Client Alert: Amendment to Mexico Power Industry Law: Change of Law Provisions

On February 1, 2021, the President of the Mexican United States, Mr. Andrés Manuel López Obrador, announced a fast-track legislative proceeding to amend the Power Industry Law (“Ley de la Industria Eléctrica”). On March 2, 2021, the amendment was approved by both chambers of the Mexican Congress. This will affect several aspects of commercial agreements.