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Federal Electricity Commission Announces Record Losses

The CFE reported its net losses were 93.9 billion pesos for 2015
By The News · 29 of February 2016 17:32:28
CENTRAL DE CICLO COMBINADO AGUA PRIETA II, 60228079. Agua Prieta, Son., 28 Feb. 2016 (Notimex-Especial).- La Comisión Federal de Electricidad alista la puesta en operación de la Central de Ciclo Combinado Agua Prieta II. Esta es la primera central de ciclo combinado de última tecnología, en contar con un campo solar integrado en América Latina.NOTIMEX/FOTO/ESPECIAL/COR/HUM/, No available

In 2015 the Federal Electricity Commission (CFE) reported its net losses were 93.9 billion pesos, a result which has doubled over the previous year, in which it lost 46.8 billion pesos.

The company said that last year’s comprehensive losses, including contributions to retirees, which was 118.5 billion pesos, was a sevenfold increase from 2014.

Revenues from energy sales were 306.8 billion pesos, eight percent less than in 2014.

It also presented negative sum of the amount given to retirees, an amount that tripled in 2015, going from 9.6 billion to 24.6 billion pesos.

The CFE indicated that because of the exchange rate it lost a net amount of 37.4 billion pesos, 63 percent more than it lost in 2014 when it was 22.8 billion pesos.