The government claimed that spending had outpaced sales; turning a blind eye to the true reasons for such situation, it instead scapeagoated it due to massive featherbedding, and it no longer made sense for the company to stay afloat.
[5] In May 2011, Lindsey Manufacturing Company of the US was convicted by a US federal jury under the Foreign Corrupt Practices Act (FCPA) for their alleged roles in a scheme to pay bribes to officials at the CFE.
[8] In September 2016, it was reported by Pablo Gomez from Aristegui Noticias, that Enrique Ochoa Reza, who had stepped down two months earlier as head of the commission after being selected leader of his party, had received $1,206,000.00 pesos as a settlement agreement, despite voluntarily resigning his position.
[10] Millions of people in Mexico City, State of Mexico, Nuevo León, Hidalgo, Jalisco, Sinaloa, Yucatán, Tamaulipas, Coahuila, Guanajuato, San Luis Potosí, Oaxaca, Veracruz, and other states were left without electricity for several hours during a blackout that began at 2:29 p.m. CST on December 28, 2020; restoration of service began twenty-three minutes later and was completely restored by 4:12 p.m.
The Centro Nacional de Control de Energía ("National Center for Energy Control, CENACE) said the blackout was due to an “imbalance in the National Interconnected System between the load and the power generation causing a loss of approximately 7,500 MW” and that automatic protection schemes were activated in order to avoid a greater risk due to the incident in the system.
[15] After the state of Tamaulipas threatened to sue, Bartlett admitted the accusation of grassfires had been falsified and suggested the blackout was caused by renewable energy sources.
[17] On February 1, 2021, President Andrés Manuel López Obrador (AMLO) sent an initiative to reform the Electricity Industry Law to the Congress of the Union.
AMLO argues that previous reforms were made with the intention of privatizing the energy sector and will require either massive subsidies or huge price increases for consumers.
[20] CFE declared on February 12 that if the current scheme of contracts with independent energy producers (PIE) is maintained, the damage to the nation is estimated at MXN $412 billion due to subsidies, exchange risks and inflation, low dispatch, and rising rates.