Press "Enter" to skip to content

AMLO investigating judge who granted indefinite suspension of 9.1 billion peso fine to Iberdrola Energía

Mexico City, Mexico — President López Obrador says he has already begun looking into why a judge has allowed the Spanish company Iberdrola Energía to defer the payment of a 9.1 billion peso fine.

On Monday, President Andrés Manuel López Obrador announced that a judge who granted the suspension to the Spanish company Iberdrola to not pay the 9 billion peso fine is being investigated.

On May 25, the Energy Regulatory Commission (CRE) fined the company Iberdrola Energía Monterrey for allegedly selling electricity to companies that did not appear as the original partners of of its Dulce Nombres plant in Pesquería, Nuevo León.

President Andrés Manuel López Obrador reported that the government is investigating the ruling of a federal judge that indefinitely suspended the payment of the 9.1 billion peso fine imposed by the Comisión Reguladora de Energía (CRE) on the company Iberdrola Energía Monterrey for selling electricity to the “simulated” partners between January 2019 and June 2020.

The fine imposed represents 56.4 percent of the income obtained by Iberdrola in the first quarter of this year.

During his Monday press conference, AMLO criticized the fact that an Amparo has been granted to the Iberdrola company, and accused them of delivering untimely documentation.

López Obrador pointed out that the government is conducting a thorough investigation and warned that judges who have acted irregularly could be denounced.

“Incredible that they grant protection to Iberdrola. They set a fine and immediately the judges protected Iberdrola (…) the investigation is also being carried out because they accepted untimely documentation. We are doing an investigation and if it was so, judges will be denounced and those who have participated,” he said.