Proceed carefully on NYISO review
I am writing an addendum to Larry Rulison’s article “Grid study power play,” Jan. 28, on Gov. Andrew Cuomo’s proposal to have the Public Service Commission conduct a formal review of the New York Independent System Operator. This story addressed the very concerning development that is the state inserting itself into the governance process of the NYISO.
For the last 15 years, competitive wholesale markets regulated by the NYISO have brought tremendous benefits to New Yorkers in terms of private investment, reduced wholesale electricity prices and power system reliability. In other words, the costs of energy development have shifted from ratepayers to private investors all while the lights have stayed on.