Connecticut energy officials appoint energy market expert, lawyer Jeffrey Gaudiosi, to work with utilities to buy electricity at prices that cut costs for consumers, businesses
January 27, 2012
– Connecticut energy officials have appointed a lawyer with expertise in the energy markets as the first state official to work with utilities to buy electricity at prices that will cut costs for consumers and businesses.
Jeffrey Gaudiosi, a Waterbury-based lawyer, will start as the state's power procurement manager Feb. 10.
State officials say he will develop plans for the purchase of electric power by the state's two electric utility companies, Connecticut Light & Power and United Illuminating.
Gaudiosi will be responsible for drafting annual plans that make a portfolio of power contracts available to CL&P and UI. State utility regulators must approve the contracts.
The Malloy administration has ambitious plans for the new job and state involvement in energy markets.
"With Jeff Gaudiosi coming on board we continue to ramp up Connecticut's leading edge approach to energy, which will drive down costs, improve our economy and help us capture environmental benefits," said Daniel C. Esty, commissioner of the Department of Energy and Environmental Protection.
The new post was part of legislation to make sweeping changes to the energy industry, which was approved last year by lawmakers and Gov. Dannel P. Malloy. Elected officials are responding to complaints from consumers and businesses that deregulation enacted more than a decade ago failed to sufficiently reduce electricity costs.
Gaudiosi, 39, is vice president of the Manufacturing Alliance of Connecticut, overseeing the pooled purchase of natural gas for businesses. He also has served on the Connecticut Energy Efficiency Fund, which provides financial incentives to help homeowners and businesses reduce energy costs.
He said he sees his job as making sure utilities get the best price for power. "I think one of the things it brings in is an objective pair of eyes, to see it from a different level, somebody to oversee the process and that it's the best way for the state to get the maximum benefit," Gaudiosi said.
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