Mexican lawmakers to vote on president's contentious electricity overhaul

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Mexican lawmakers to vote on president's contentious electricity overhaul
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Mexican lawmakers were set on Sunday to vote on a constitutional overhaul of the electricity sector championed by President Andres Manuel Lopez Obrador, who wants to increase state control of the electricity market at the expense of private operators.

The leftist leader has sought to concentrate more power in the hands of the state and touts the legislation as vital to his plans to "transform" Mexico. The United States, Mexico's biggest trading partner, has criticized the reforms.

Lopez Obrador has pitched the overhaul as needed to keep a lid on energy prices by giving state-owned electricity company Comision Federal de Electricidad more control over the power market. CFE plants, whose prices are under government control, would get to sell their electricity before other generators.

CFE, meanwhile, would generate 54% of the country's total electricity and would no longer have to send the cheapest electricity first.

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