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CFE Disputes IMCO Losses, Confirms Strong Finances and Expansion Plan

CFE said government absorption of extraordinary costs has kept consumer tariffs below inflation.

Overview

  • CFE disputed IMCO’s reported losses by attributing 42.7% of past deficits to the February 2021 Texas polar vortex and defended its choice not to pass those costs to consumers.
  • The utility affirmed a solid financial position, highlighting record second-quarter revenue and reserve margins above 12%.
  • CFE said it consistently pays suppliers within 30 days and anticipates a reduction in outstanding payables by year-end.
  • The 2025–2030 National Electricity System expansion plan features centralized, binding grid projects and mixed public-private generation partnerships to bolster reliability.
  • The company cited the binding 2024 legal framework as a key measure to reinforce grid reliability and protect consumers from tariff hikes.