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FOURTH BRANCH ASSOCS. MECHANICVILLE v. NIAGARA MOHAWK POWER CORP.

235 A.D.2d 962 (1997)

653 N.Y.S.2d 412

Fourth Branch Associates Mechanicville, Appellant, v. Niagara Mohawk Power Corporation, Respondent

Appellate Division of the Supreme Court of the State of New York, Third Department.

January 30, 1997

Carpinello, J.

Defendant owns a hydroelectric site (hereinafter the site) adjacent to New York State Lock C-2 on the Hudson River, near the Town of Halfmoon in Saratoga County. In 1987, defendant entered into a licensing agreement with plaintiff, a corporation active in hydroelectric development. The intent of this agreement was to redevelop the site to increase its energy generation and capacity and to facilitate the relicensing of the site by the Federal...

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