California-based Sempra Energy continues to bet on Mexico even given regulatory changes that could impact the private sector’s operations in the country.


“Our goal is to help Mexico be successful,” CEO Jeffrey Martin said in a fourth quarter earnings call. “They need more foreign direct investment. They have a deficit in their infrastructure.” 

The administration of President Andrés Manuel López Obrador “fortunately has been very committed to fiscal discipline. So I think our job is to make sure that we’re working in partnership with the government to advance the government’s goals.”

Through its Mexico subsidiary Infraestructura Energética Nova (IEnova), Sempra had $10.5 billion in assets and more than 1,400 employees in Mexico as of 2020.

Martin said the