One of the goals of Mexico's energy reform was to create a regulatory system that would foster competition in a very complex political environment. This framework, known as "coordinated regulatory bodies," was established in Article 28 of the Constitution and is intended to oversee and regulate the hydrocarbons sector. This paper conducts a legal analysis of this new model of regulation and seeks to determine whether its implementation strengthens the rule of law in Mexico. This paper is part of a Baker Institute Mexico Center research project examining the rule of law in Mexico (https://www.bakerinstitute.org/the-rule-of-law/) and the challenges it poses to implementing the country's energy reform.