A second fraud and money-laundering trial in Texas for a former Carnegie Mellon University trustee convicted this week in an El Paso drug case has been postponed until February.

Marco Delgado, 47, an El Paso energy attorney who had been a CMU trustee until 2012, had been set to go on trial Nov. 18. A judge has pushed it back until Feb. 24 because lawyers on both sides said they were busy with the first trial and need more time to get ready.

A federal jury on Monday convicted Mr. Delgado of conspiring to launder up to $600 million for a Mexican drug cartel. Sentencing has been set in that case for Jan. 24.

The second case involves a state-owned Mexican utility from which Mr. Delgado is accused of pilfering millions. Federal agents said he helped a Nevada company secure a $121 million contract with the utility for a power plant in the Mexican state of Sonora, along the U.S. border.

Payments from the utility were supposed to go a bank account in El Paso, but a federal grand jury said Mr. Delgado told the utility's bank to send the funds to his personal account in the Turks and Caicos islands. From there, he is accused of diverting money to other bank accounts he controlled, including one in Pittsburgh, to disguise its source. Agents said he used the money to support his lavish lifestyle.

First Published: November 1, 2013, 3:37 p.m.