Overview

• SHCP’s draft allocates 554,567.5 million pesos to CFE, a nominal rise that equals a 1.8% decline in real terms, and 517,362 million pesos to Pemex, a 7.7% real increase versus 2025.
• Allocations to state energy companies total about 1.0719 trillion pesos, with 51.7% for CFE and 48.3% for Pemex, according to the PPEF 2026 submitted to deputies.
• Transfers include 263,500 million pesos for Pemex to amortize market and bank debt recorded as liability reduction, and 87,800 million pesos for CFE to execute the 2025–2030 strengthening plan.
• CFE’s proposed spending prioritizes generation with 344,664 million pesos, alongside 27,689.8 million for transmission, 60,691.2 million for distribution, 55,214 million for commercialization, and 8,652.3 million for pensions.
• The package underpins goals to lift installed capacity by 25% this sexenio and target CFE at 54% of national generation by 2030, with the proposal now pending approval in the Cámara de Diputados.