Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
The Israeli Walla! website: We are running out of stockpiles, our forces are exhausted, and the lives of the captives are in danger. It is time for a ceasefire deal in Gaza.
Several wounded in an Israeli bombardment of a tent in al-Mawasi, south of Khan Younis in the Gaza Strip.
Israeli media: Three wounded, three killed in an ongoing operation in the Gaza Strip.
Al Mayadeen's correspondent in southern Lebanon: Israeli artillery shelling targets the outskirts of the town of Shebaa
Al-Qassam Brigades: The targeting took place at the intersection of 'Street 5' with the western line north of Khan Younis
Al-Qassam Brigades: A NIMR armored personnel carrier carrying an Israeli soldier was targeted with an Al-Yassin missile north of Khan Younis
Israeli media: At least two soldiers killed by anti-tank missile fired at Israeli army forces in the Gaza Strip
Local Syrian sources: Mortar shells fell on more than nine villages in the Sweida countryside
Local Syrian sources: Dozens of dead and wounded have arrived at Sweida hospitals as a result of ongoing clashes at several locations in the western Sweida countryside
Local sources: Civilians, including children and women, were injured in the al-Maqous neighborhood of Sweida, in Syria, as a result of ongoing clashes

Mexico energy regulator fines Spain's Iberdrola $467 mn

  • By Al Mayadeen English
  • Source: Agencies
  • 28 May 2022 08:05
  • 3 Shares
2 Min Read

Mexico's energy regulator punished Spanish corporation Iberdrola for 9.145 billion pesos ($467 million) for selling electricity to third parties inappropriately.

  • x
  • Mexico energy regulator fines Spain's Iberdrola $467 mn.
    Mexico energy regulator fines Spain's Iberdrola $467 mn.

Mexico's energy regulator punished Spanish corporation Iberdrola for $467 million for inappropriately selling electricity to third parties in breach of local "self-supply" legislation, according to a document published Friday, 

The Energy Regulatory Commission (CRE) stated that Iberdrola "was required to generate power exclusively to satisfy the self-sufficiency needs of its partners... and not to sell, resell, or dispose of capacity or electricity by any legal action," according to the document.

Private electricity generators in Mexico are required by contract to only supply energy to the specified partners listed at the time the contract is signed.

Related News

Spanish PM: 'Israel' can’t be EU partner while trampling on principles

Spanish activist files war crimes case over Gaza-bound aid flotilla

Surpluses from private generators may be sold to the state-owned Federal Power Commission (CFE), which has a monopoly on electricity transmission and distribution to end-users.

The infractions happened at Ibedrola's branch in Monterrey's northern industrial district between January 1, 2019, and August 31, 2020, according to the CRE document.

The fine comes at a difficult time for Mexico's electricity industry, as President Andres Manuel Lopez Obrador attempts to re-nationalize it.

In April, Mexico's Congress rejected a constitutional reform package that would have extended the role of the state in power generating, a key priority of Mexico's left-wing government that the US has publicly condemned.

That reform would have overturned a 2013 decision to privatize Mexico's energy sector and given the state-owned Federal Electricity Commission (CFE) more influence over the private sector and international corporations.

  • Mexico
  • Spain

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS