Tom Foreman, executive director of the Gulf Coast Power Association (GCPA), joins the podcast to discuss the historic reform of Mexico’s energy industry and the opportunities and implications for U.S. power generation and transmission companies.
After amending the Mexican Constitution to allow for private investment and ownership in the wholesale electricity and hydrocarbon sectors, ending 80 years of state monopoly, the Mexican government is now crafting and implementing new regulatory framework.
The reforms set the Mexican economy on a path for growth, as they will substantially lower electricity and fuel costs for manufacturers. The reforms also present a significant opportunity for U.S. companies eager to rebuild Mexico’s energy infrastructure – most immediately, developers of gas and renewable power facilities.
Tom discusses economic, political and trade implications; how his organization is working with Mexican officials to execute reforms; and what the GCPA is doing to educate its members on this once-in-a-lifetime event.
Click here to listen to the podcast.