The historic end of Mexico’s state monopoly on energy could spark more integration with U.S. power utilities than the much hyped opening of the country’s oil industry, U.S. Energy Secretary Ernest Moniz said. The focus of Mexico’s energy overhaul “is typically on the hydrocarbons but in fact the most consequential part for further energy integration may very well be electricity,” Moniz said in an interview during the Clean Energy Ministerial conference in Merida, Mexico, on Wednesday. “American companies will clearly be coming in, and we will also see Mexican companies in the U.S.” Mexico ended the monopolies to allow foreign energy companies to operate in the country for the first time in more than seven decades. The move will enable further integration with U.S. utilities and natural gas pipelines across the border, much like links between the U.S. and Canadian gas and electricity markets, Moniz said. “Presumably we will […]