By early afternoon on Saturday, December 7, copies of the Joint Senate Committee Report had been leaked to reporters based in Mexico City; and by the end of the day the 295-page report was posted online. Our report offers our initial reactions, along with caveats.
There is much to applaud on the oil side, less on the power side. The legal strategy carries some risk: the idea is to append this document to the proposed constitutional amendments as a framework that will bind the congress in 2014 when it writes implementing legislation.
We include a 3-page table of contents to the Senate document.
DOWNLOAD PAGES from Market Comment 011 Joint Committee Report on Energy Reform