Previous Close | 10.27 |
Open | 10.31 |
Bid | 10.10 x 0 |
Ask | 10.11 x 0 |
Day's Range | 10.10 - 10.35 |
52 Week Range | 8.47 - 11.48 |
Volume | |
Avg. Volume | 15,401,630 |
Market Cap | 63.264B |
Beta (5Y Monthly) | 0.45 |
PE Ratio (TTM) | 17.16 |
EPS (TTM) | 0.59 |
Earnings Date | Jul 27, 2022 |
Forward Dividend & Yield | 0.28 (2.66%) |
Ex-Dividend Date | Jul 08, 2022 |
1y Target Est | 11.93 |
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A subsidiary of Spanish energy company Iberdrola has had a 9.15 billion peso regulatory fine suspended by a Mexican judge, a court document showed Monday. The country's energy sector regulator, CRE, imposed the fine, which totaled around $466 million at the end of May, on Iberdrola Energia Monterrey for violating a so-called self-supply power generation permit, after allegedly selling energy to its partners. Neither the CRE nor Iberdrola immediately responded to a Reuters request for comment.
Populist President Andrés Manuel López Obrador is seeking to reclaim state control over the oil-and-gas and electricity sectors. “It’s a closing off of Mexico.”
Mexico's energy regulator fined a unit of Spain's Iberdrola 9.15 billion pesos ($466.4 million), arguing they violated a so-called self-supply power generation permit by selling electricity to their partners, according to a regulatory filing. Iberdrola Energia Monterrey delivered energy to partners in exchange for economic compensation, which constitutes a sale that is not allowed under the self-supply figure for which the permit was granted, the Energy Regulatory Commission (CRE) said in the resolution posted on its website this week. "The described conduct is unlawful since it affects the legal rights that oblige the permit holder not to sell, resell or by any legal act transfer capacity or electric energy," the resolution said.