CRE's New Chairman Takes Office
Mexico's Comision Reguladora de Energia has a new chairman, after President
Vicente Fox appointed Dionisio Perez-Jacome Friscione to a five-year term.
Perez-Jacome had headed the Energy Ministry's Investment Promotion Unit
and had also served in the ministry as executive director for Public Non-basic
In his previous positions, Perez-Jacome was responsible for the design
of mechanisms to foster private participation in energy industries, facilitate
projects aimed at strengthening the energy sector and serving as a mediator
between private investors and public agencies.
Perez-Jacome has been involved in increasing investment in Mexico's
energy sector, and he will be facing a similar agenda as he assumes the
CRE chair. In November, CRE released a report warning that if new natural
gas production did not come on-stream in Mexico in the next two to three
years, the country would have to import more than half of its gas needs
(see NGI, Nov. 13). The country now imports
about 7% of its gas, mostly from South Texas.
The CRE, which is responsible for power generation, forecasts that electric
power demand in Mexico will grow at an annual rate of 6% in the next 10
years, which will require an annual investment of US$5 billion. However,
the existing infrastructure will only last until 2004, CRE warns, and new
investments are necessary to install more generating capacity and modernize
transmission and distribution grids.
At the same time, natural gas demand will grow annually at a rate of
9% in the next 10 years, requiring an investment of US$2 billion per year
to finance exploration and production programs, and add storage and distribution
Perez-Jacome , who holds a masters degree in public policy from Harvard
University's John F. Kennedy School of Government, is no stranger to international
politics. Before working with the Energy Ministry, he participated in the
free trade agreement negotiations with Canada and the United States, and
was in charge of economic affairs at the U.S.-Mexico Chamber of Commerce.
He also has worked in the private sector as a consultant.
Four incumbent CRE commissioners will serve under Perez-Jacome until
their terms expire, according to CRE. They are Javier Estrada, Rubn
Flores, Ra£l Monteforte and Ra£l Nocedal.
Carolyn Davis, Houston
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