by Kenneth Folan This report analyzes risk in the restructuring of the Mexican electricity energy. The risk will be analyzed from three perspectives: the perspective of private enterprises considering investing in Mexico, the perspective of the Mexican government and the perspective of the Mexican people. First, the report provides historical and current information on the state of the electricity industry in Mexico. Secondly, the electricity industry restructurings in California and Argentina are analyzed to provide a contextual analysis of the risks involved in such a shift in electricity policy. Finally, the report provides a risk analysis of the current restructuring plans for the Mexican electricity industry.