Comisión Federal de Electricidad
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| Government-owned corporation | |
| Industry | Electric utility |
| Founded | 1937 |
| Headquarters | Mexico City, Mexico |
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Key people
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Enrique Ochoa Reza (CEO) |
| Products | Electricity generation, transmission and distribution |
| Revenue |  US$ 20.6 billion |
| US$ 682.5 million |
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Number of employees
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80,127 |
| Website | http://www.cfe.gob.mx |
The Comisión Federal de Electricidad (English: Federal Electricity Commission) is the state-owned electric utility of Mexico, widely known as CFE. It is the country's dominant electric company, and the country's second most powerful state-owned company after Pemex. The Mexican constitution states that the government is responsible for the control and development of the national electric industry, and CFE carries out this mission. The company's slogan is "Una empresa de clase mundial" ("A World-Class Company").
Contents
Affiliations
CFE is not a part of the North American Electric Reliability Corporation, though its transmission system in northern Baja California is part of the Western Electricity Coordinating Council through its interconnection with San Diego Gas & Electric via the Miguel-Tijuana and the LaRosita-Imperial Valley Lines and the Path 45 corridor; it also has a few other interconnections across the border with local utilities in the United States.
Takeover of Luz y Fuerza del Centro
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On 12 October 2009, President Felipe Calderón issued a decree dissolving the state-owned company Luz y Fuerza del Centro (LFC, also rendered on logo as "LyF"), which served customers in Mexico City, as well as most of the State of Mexico and some communities in the states of Morelos, Hidalgo and Puebla. LFC was meant to be dissolved when President Adolfo López Mateos nationalized the private electric companies in September 1960, but this did not happen.[citation needed] CFE went on to control the national electric system and expand its operations nationwide, while the smaller LFC kept a low profile, maintaining its operations in the central region of Mexico.
LFC provided electricity to several states where, by virtue of a federal law, CFE had no operations (a 1985 agreement between CFE and LFC increased the areas served by the former). As of March 2010, LFC's operations have been fully absorbed by CFE.
Nickname
Since the CFE is the dominant electric company in Mexico, most customers refer to it as "la comisión" (e.g. "The commission").[citation needed] While there are other Mexican government commissions, the term is almost exclusively applied to the CFE.
Controversies
Two corruption scandals in the US cite payments of bribes to officials at the CFE in return for contracts.
2010
In September 2010, ABB, a Swiss corporation, admitted that ABB Network Management, paid bribes to officials at CFE from 1997 to 2004, totaling approximately $1.9 million.[1] In exchange for the bribe payments, according to court documents, ABB received contracts worth more than $81 million in revenue.
The matter was resolved in September 2010 in a US court.[2]
2011
In May 2011, Lindsey Manufacturing Company of the US was convicted by a US federal jury under the Foreign Corrupt Practices Act (FCPA) for their alleged roles in a scheme to pay bribes to officials at the CFE.
The bribes were paid through an intermediary, who allegedly had a corrupt relationship with a senior CFE official.[3] Lindsey Manufacturing allegedly received more than $19 million in CFE business over the course of seven years as a result of working through the intermediary.[3]
According to evidence presented at trial, the intermediary bought a CFE official a $297,500 Ferrari Spyder and a $1.8 million yacht, as well as paying more than $170,000 towards the official’s credit card bills.[4] In December 2011, a US District Court dismissed the indictments against Lindsey Manufacturing, citing misconduct by the prosecution. The US Department of Justice (DOJ) said it planned to appeal the dismissal,[4] but in May 2012 the government withdrew its appeal.[5]
See also
References
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- ↑ http://www.fcpaprofessor.com/lindsey-manufacturing-case-officially-over
External links
- CFE official site
- Servicio de Administración y Enajenación de Bienes (SAE) "Organismo Descentralizado Luz y Fuerza del Centro" (LFC)
- Mexico: The Murder of a Union and the Rebirth of Class Struggle by Richard Roman and Edur Velasco Arregui, The Bullet #279, November 25, 2009.
- Mexico Energy Projects
