New York's energy czar this week peeked out from the shadows
of state government to explain and justify Gov. Andrew Cuomo's (D) plans for
sweeping regulatory changes aimed at the state's sprawling electric grid.
Richard Kauffman, a former partner in Goldman Sachs' Global
Financing Group, made two public appearances here this week to pitch the
governor's still-fresh vision for a major overhaul of how electricity is
bought, sold and delivered in the state.
That plan,
called REV for "Reforming the Energy Vision" and just announced last
month, has already been likened to state and federal power market restructuring
efforts in the 1990s that unbundled generation from transmission and
distribution to prod open the once-monopolistic behemoth to competition.
