15 Mar ETS Profiles: Richard Kauffman – Chair of the NYSERDA Board & Energy Czar
Shortly after Superstorm Sandy — the deadliest and most destructive hurricane of the 2012 Atlantic hurricane season — Governor Andrew M. Cuomo shared with then senior advisor to Secretary Steven Chu at the U.S. Department of Energy, Richard Kauffman, “this utility industry is in the vinyl record age at the time of the iPad and we have to really remake the system.”
On March 9, 2016 Zpryme joined Richard Kauffman Chairman of Energy & Finance for New York (Office of Governor Andrew M. Cuomo), Chair of the NYSERDA Board, and New York State’s first “energy czar.” From the New York State office Mr. Kauffman discussed why Governor Andrew Cuomo decided to launch REV, what was the moment that energy chose him, and why it’s important for New York to support partnerships between the private sector and utilities.
The key motivator behind “Reforming the Energy Vision” (REV) is to drive capital to build not the system of yesterday, but to rebuild the system of tomorrow.
Richard Kauffman joined the administration of Governor Andrew M. Cuomo as New York State’s first “energy czar” in February 2013. Mr. Kauffman oversees and manages New York State’s entire energy portfolio, including the New York State Department of Public Service, the New York Power Authority, the Long Island Power Authority, and the New York State Energy Research and Development Authority (NYSERDA).
Mr. Kauffman leads New York State’s comprehensive Reforming the Energy Vision (REV) initiative. REV includes regulatory reform to restructure the energy and utility industry, a 10-year commitment to support local renewable energy and efficiency markets through the proposed creation of the Clean Energy Fund, and other initiatives such as NY Green Bank and the $1 billion NY-Sun solar programs.
Prior to joining the administration, Mr. Kauffman worked in energy and finance at some of the nation’s highest levels, most recently serving as senior advisor to Secretary Steven Chu at the U.S. Department of Energy. In his private sector career, he was chief executive officer of Good Energies, Inc., a leading investor in clean energy technologies; a partner of Goldman Sachs where he chaired the Global Financing Group; and vice chairman of Morgan Stanley’s Institutional Securities Business and co-head of its Banking Department.