International

Mexico energy regulator fines Spain’s Iberdrola $467 mn

AFP

Mexico’s energy regulator fined Spanish firm Iberdrola $467 million for improperly selling electricity to third parties in violation of domestic “self-supply” laws, a document published Friday said.

The Energy Regulatory Commission (CRE) said Iberdrola “was obliged to generate electricity exclusively to satisfy the self-sufficiency needs of its partners… and not to sell, resell or by any legal act dispose of capacity or electricity,” according to the document.

Mexico’s “self-supply” contracts require private electricity generators to only provide energy to the specific partners listed at the time of the contract’s signing.

Private generators’ surpluses may be sold to the state-owned Federal Electricity Commission (CFE), which holds a monopoly on the transmission and distribution of electricity to end consumers.

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The CRE document argues that the violations occurred at Ibedrola’s branch in the northern industrial city of Monterrey, between January 1, 2019 and August 31, 2020.

The fine comes at a tumultuous time for Mexico’s power industry, as President Andres Manuel Lopez Obrador tries to bring it back into the public sector.

Mexico’s Congress rejected a constitutional reform bill in April that would have strengthened the role of the state in electricity generation, a key measure of the left-wing Mexican president that has been publicly criticized by the United States.

That reform would have reversed a 2013 move to privatize Mexico’s electricity sector and given more power to the state-owned Federal Electricity Commission (CFE) over the private sector and foreign companies.

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International

Habeas Corpus at risk as Trump team eyes drastic border policy shift

The White House is reportedly considering suspending habeas corpus, the legal principle that protects individuals against arbitrary detention, as part of its efforts to escalate anti-immigration measures in the United States.

In remarks to reporters, Stephen Miller, a senior advisor to President Donald Trump, argued that the U.S. Constitution allows the suspension of habeas corpus “in times of invasion.”

“It’s an option we are actively considering, and it all depends on whether the courts do the right thing or not,” Miller stated.

The Trump administration has frequently invoked the notion of a “migrant invasion” to justify actions such as the militarization of the U.S.-Mexico border and the deportation of foreign nationals—primarily Venezuelans—to El Salvador’s CECOT megaprison.

International

Maduro to Xi: Venezuela is a loyal friend to China

Venezuelan President Nicolás Maduro assured his Chinese counterpart Xi Jinping, during a meeting held in Moscow on the sidelines of the 80th anniversary of the Red Army’s victory in World War II, that China has “loyal friends” in the Caribbean nation.

“You know that in the Bolivarian Republic of Venezuela you have loyal friends and people willing to continue working for a new world,” said the South American leader, according to footage aired Friday by Venezuelan state broadcaster VTV.

Maduro, accompanied by several of his ministers including Defense Minister Vladimir Padrino López, highlighted the “great results” of a 2023 agreement between China and Venezuela called the “All-Weather and All-Round Strategic Partnership.”

“I believe we can multiply the great results we’re already seeing, and I’m sure that strong and clear guidelines will emerge from this meeting to keep moving forward together,” Maduro added.

International

Iberojet reaffirms commitment to Honduras as Central American Hub

Spanish airline Iberojet and Palmerola International Airport, located in central Honduras, signed a three-year renewal of their exclusive agreement to operate direct flights between the Honduran terminal and the cities of Madrid and Barcelona.

With this renewal, Iberojet—part of the Spanish tourism group Ávoris Corporación Empresarial—reaffirms its commitment to Honduras as its main gateway to Central America from Europe.

The agreement was signed by Iberojet’s Commercial Director, Mario Domínguez, and Erick Spears, Chairman of the Board of Directors at Palmerola.

The signing ceremony took place at the residence of the Spanish Ambassador to Honduras, Diego Nuño García, who served as an honorary witness.