Top officials with the Federal Energy Regulatory Commission (FERC) and Mexico's Comisión Reguladora de Energía (CRE) have signed a Letter of Intent to enhance interagency coordination on cross-border energy projects.
FERC Chairman Pat Wood III and CRE President Dionisio Pérez-Jácome signed the agreement Nov. 4, 2004, at FERC headquarters in Washington, D.C.
“The United States and Mexico have a thriving cross-border trade in energy, and our interdependency will only increase in the years to come. This agreement will reinforce that relationship and allow us to better meet the needs of energy customers through improved coordination of our respective regulatory responsibilities,” said Chairman Wood.
“The Letter of Intent will strengthen even more the excellent relations that FERC and CRE have by providing the means for more effective and expedited coordination, analysis and regulation of mutually beneficial cross-border energy projects,” said President Pérez-Jácome.
The agreement addresses the sharing of information between FERC and the CRE, and calls for the two agencies to coordinate the timing of regulatory decisions to the extent possible.
Mexico's CRE regulates natural gas and electricity imports, sales, transmission and distribution.
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