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Comisión Federal de Electricidad
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Comisión Federal de Electricidad
The Comisión Federal de Electricidad (English: Federal Electricity Commission) is the state-owned electric utility of Mexico, widely known as CFE. 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").
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.
On August 2, 2019, the federal government announced it will provide Internet access throughout the country through the establishment of a subsidiary of the Comisión Federal de Electricidad called CFE Telecomunicaciones e Internet para Todos - CFE-TEIT (CFE Telecommunications and Internet for All).
On 12 October 2009, President Felipe Calderón issued a decree dissolving Luz y Fuerza del Centro (LFC, also rendered on logo as "LyF"), the state-owned power company serving most of central Mexico—including Mexico City, most of the State of Mexico and some communities in the states of Morelos, Hidalgo and Puebla. The government claimed that spending had outpaced sales; turning a blind eye to the true reasons for such situation, it instead scapegoated it due to massive featherbedding, and it no longer made sense for the company to stay afloat. According to the government, spending at the company was increasingly outpacing sales. Years before, 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 had been fully absorbed by CFE.
Two corruption scandals in the US cite payments of bribes to officials at the CFE in return for contracts.[citation needed]
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. 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.
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Comisión Federal de Electricidad
The Comisión Federal de Electricidad (English: Federal Electricity Commission) is the state-owned electric utility of Mexico, widely known as CFE. 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").
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.
On August 2, 2019, the federal government announced it will provide Internet access throughout the country through the establishment of a subsidiary of the Comisión Federal de Electricidad called CFE Telecomunicaciones e Internet para Todos - CFE-TEIT (CFE Telecommunications and Internet for All).
On 12 October 2009, President Felipe Calderón issued a decree dissolving Luz y Fuerza del Centro (LFC, also rendered on logo as "LyF"), the state-owned power company serving most of central Mexico—including Mexico City, most of the State of Mexico and some communities in the states of Morelos, Hidalgo and Puebla. The government claimed that spending had outpaced sales; turning a blind eye to the true reasons for such situation, it instead scapegoated it due to massive featherbedding, and it no longer made sense for the company to stay afloat. According to the government, spending at the company was increasingly outpacing sales. Years before, 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 had been fully absorbed by CFE.
Two corruption scandals in the US cite payments of bribes to officials at the CFE in return for contracts.[citation needed]
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. 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.