N.Y. Public Service Law 5-E – Jurisdiction of commission over certain corporations, their operations and facilities
§ 5-e. Jurisdiction of commission over certain corporations, their operations and facilities.
Terms Used In N.Y. Public Service Law 5-E
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
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 electricity 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.