US, Mexican energy regulators sign coordination agreement

Washington (Platts)--5Nov2004

US Federal Energy Regulatory Commission officials and their counterparts at
Mexico's Comision Reguladora de Energia have signed a letter of intent to
"enhance interagency coordination on cross-border energy projects," FERC said
Friday. FERC Chairman Pat Wood and CRE President Dionisio Perez-Jacome signed
the agreement Thursday in Washington. CRE regulates gas and electricity
imports, sales and transmission. The agreement calls for sharing of
information and aims for coordinated timing of regulatory decisions. 

The US and Mexico have "thriving" energy trade, "and our interdependency will
only increase in the years to come," Wood said in the statement. "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," he added.

Perez-Jacome said 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." FERC signed a similar agreement in
May with the National Energy Board of Canada. Wood has touted increasing
levels of coordination among the three countries and stressed the interrelated
nature of their energy systems.

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