New York § 1020-EE Nine Mile Point II; disposition of interest

New York Statutes

§ 1020-EE — Nine Mile Point II; disposition of interest

New York § 1020-EE

Law PBAPublic Authorities

Title 1-ALong Island Power Authority

Art. 5Public Utility Authorities

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Bluebook

N.Y. Public Authorities § 1020-EE (2026).

Text

  § 1020-ee. Nine Mile Point II; disposition of interest. The authority\nshall make every effort to convey its interest in the Nine Mile Point II\nnuclear generating facility through the sale of its interest in such\nfacility to the power authority of the state of New York or to one or\nmore of the co-tenants of such plant, provided, however, that in any\nacquisition of such interest by the power authority of the state of New\nYork or by one or more of the co-tenants, the authority shall agree to\nremain responsible for the purchase of such share of the power generated\nby such facility as it is required to purchase under agreements entered\ninto by LILCO and obligating the authority.\n

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§ 1020-ee. Nine Mile Point II; disposition of interest. The authority\nshall make every effort to convey its interest in the Nine Mile Point II\nnuclear generating facility through the sale of its interest in such\nfacility to the power authority of the state of New York or to one or\nmore of the co-tenants of such plant, provided, however, that in any\nacquisition of such interest by the power authority of the state of New\nYork or by one or more of the co-tenants, the authority shall agree to\nremain responsible for the purchase of such share of the power generated\nby such facility as it is required to purchase under agreements entered\ninto by LILCO and obligating the authority.\n