Superior Audit: The CFE is not profitable or competitive; is old and has bad governance

Despite its liquidity, CFE increased its indebtedness and decreased its profitability and its “financial results are not optimal to be considered a company with financial solidity.” “In general, the costs of CFE’s subsidiary public companies are not competitive with the costs of external energy producers.” ASF concluded. SEE MORE Pemex and CFE, AMLO’s big bets, … Read more

They instruct to return 447 million pesos for irregularities in its construction

By unanimous decision of the members of the Superior Chamber of the Federal Court of Administrative Justice (TFJA), it was determined that Andrés León Reguera and Juan Alberto Bravo Hernández must return 216.3 million and 230.8 million pesos, respectively, for simulating the stainless steel purchase at a higher price during the construction of the Trail … Read more