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CITY OF NEW YORK v. LONG ISLAND POWER AUTHORITY

14 A.D.3d 642 (2005)

789 N.Y.S.2d 309

CITY OF NEW YORK, Respondent, v. LONG ISLAND POWER AUTHORITY, Appellant.

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

January 31, 2005.

Ordered that the order and judgment is affirmed, with costs.

The Public Authorities Law created the Long Island Power Authority (hereinafter LIPA) and empowered it to acquire all or part of the assets of the Long Island Lighting Company (hereinafter LILCO) (see Public Authorities Law § 1020 et seq.).

Pursuant to its rights and obligations, LIPA entered into a merger agreement to acquire LILCO's...

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