§ 24-364 Utilization of water to generate electric current.
AC § 24-364
The commissioner of environmental protection may, subject to the approval of the board of estimate, utilize such water as the department of environmental protection now owns or as it may hereafter acquire, for the purpose of generating electric current for the use of the municipality, or may permit the utilization of such water for the generation and sale of electric current by an electric corporation which was the owner of a developed or undeveloped water power site or sites affected, acquired or damaged by the execution of a plan or project of the city for an additional water supply, and the commissioner of environmental protection, with the approval of the board of estimate, in connection with the settlement of a resultant claim for damage made by such electric corporation, may grant or lease to such electric corporation for periods not to exceed fifty years, rights in, or to use, the lands and waters of the city for the generation of electric current as herein provided, for such consideration and on such terms and conditions as are, in the opinion of the commissioner, in the best interests of the city of New York, including but not limited to a general release of such claim, provided that such grant or lease may be made at the time of settlement of the claim as above provided but the period of use under the terms of the lease or grant, not to exceed fifty years, may commence when generation of electric current thereunder shall begin, provided that no additional water shall be used for such purpose than would otherwise be required by the city.
