Section 24-B. Notice to be given Long Island power authority prior to rate increase

1. Notwithstanding any inconsistent general, special or  local
  law  or  rule or regulation to the contrary, the commission shall to the
  extent the Long Island power authority shall so request in any cases  or
  class  of  cases,  relating  to  a gas or electric corporation operating
  within the service territory  of  the  authority,  give  notice  to  the
  authority  of any filed statement proposing to modify or increase rates,
  services, schedule of rates or any other rating  rule  or  to  adopt  or
  amend  any  rate  or service rules or regulations within five days after
  the commission shall have  received  such  statement  from  any  gas  or
  electric  corporation  within  the  service territory of the Long Island
  Power authority subject to its jurisdiction; provided, however, that  in
  lieu  of  giving  such notice, the commission may direct that the gas or
  electric corporation give such notice to the authority.
    2. In any such case  in  which  the  authority  shall  file  with  the
  commission a statement of intent to be a party, the authority shall have
  and  in  its  discretion may exercise all the rights and privileges of a
  party.
    3. For the purposes of this section, the term "authority"  shall  mean
  the  Long  Island  power authority, the term "commission" shall mean the
  public service commission.