Mexico’s Supreme Court guidelines versus electricalenergy law preferring state-owned energy over personal companies

A panel of Supreme Court justices in Mexico has ruled versus President Andrés Manuel López Obrador’s guidelines that preferred the state-owned electrical power business over personal power business

MEXICO CITY — A panel of Supreme Court justices in Mexico ruled Wednesday versus President Andrés Manuel López Obrador’s guidelines that preferred the state-owned electrical power business over personal power business.

The five-judge panel authorized a resolution stating the president’s technique breaches constitutional warranties of complimentary competitors in the power sector.

Previously, power plants quote to supply electricalenergy based on offering the leastexpensive cost. But López Obrador provided the state-owned Federal Electricity Commission concern in selling power into the grid.

That put