Section 5-E. Jurisdiction of commission over certain corporations, their operations and facilities

1. The commission shall have no jurisdiction, supervision,  powers  or
  duties  with  respect to any corporation which is owned or controlled in
  whole or in part by a gas corporation, an electric corporation or a  gas
  and  electric  corporation subject to the jurisdiction of the commission
  the primary function of which is the leasing, as lessor or lessee and/or
  operating  of  a  facility  or  facilities  for   the   manufacture   of
  electrictity  or  steam, as is permitted by and provided in article 18-A
  of the general municipal law, provided that such facility or  facilities
  are  located  on  a  parcel  of land consisting of more than two hundred
  acres and formerly owned by the United  States  government  and  in  any
  county  of  the  state having a population of two million inhabitants or
  more and where the electric or steam  service  does  not  cross  streets
  which  are  publicly  maintained  and  open  to the use of the public at
  large.
    2. The provisions of this section shall  apply  only  to  corporations
  which  have  entered into an initial lease executed prior to July first,
  nineteen hundred eighty.