Friday, August 1, 2014

General energy law approved

General energy law approved
333 Chamber deputies voted in favor of the measure
BY YVONNE REYES
AND VÍCTOR MAYÉN
The News
MEXICO CITY – The full Chamber of Deputies approved the general energy law on Thursday by 333 yes votes and 125 votes against the Regulatory Organization Coordination law with legal framework from the National Hydrocarbon Committee and the Energy Regulation Committee.
The new law creates the National Industrial Security and Environmental Protection Agency in the Hydrocarbon Sector.
In the fourth period of the special session in the chamber, the bill was moved through without major amendments. The deputies expressed their weariness from the previous days debating the secondary energy reform laws.
Institutional Revolutionary Party (PRI) coordinator in the Chamber of Deputies, Manlio Fabio Beltrones Rivera, said that this Saturday could mark the conclusion of the debate and approval of the entire package of energy laws.
He said that on Friday the deputies will undertake a marathon session, that could last up to 24 hours, to debate the Hydrocarbon Revenue Act and the Mexican Petroleum Fund.
“Tomorrow we will take up the rest of the bills from the Energy, Finance and Budget Committees,” said Beltrones. “The full house is prepared and intent on mediating an orderly debate to create agreement between all the political parties, to resolve the debate on Friday and perhaps part of Saturday.”
The deputy rejected the charge that the Mexican Petroleum Fund will negatively affect the states and municipalities that produce energy and denounced those who oppose the bill. But, he said that he is prepared to perfect the bill that creates the fund.

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