Laws of New York (Last Updated: November 21, 2014) |
PBA Public Authorities |
Article 5. PUBLIC UTILITY AUTHORITIES |
Title 1-A. LONG ISLAND POWER AUTHORITY |
Section 1020-EE. Nine Mile Point II; disposition of interest
Latest version.
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The authority shall make every effort to convey its interest in the Nine Mile Point II nuclear generating facility through the sale of its interest in such facility to the power authority of the state of New York or to one or more of the co-tenants of such plant, provided, however, that in any acquisition of such interest by the power authority of the state of New York or by one or more of the co-tenants, the authority shall agree to remain responsible for the purchase of such share of the power generated by such facility as it is required to purchase under agreements entered into by LILCO and obligating the authority.