State Codes and Statutes

Statutes > New-york > Pba > Article-5 > Title-1 > 1005-a

§ 1005-a. Actions or contracts involving certain nuclear power plants.  Whenever  the  authority  undertakes  or executes any action or contract  involving the closure, maintenance, decommissioning or conversion of any  nuclear power plant constructed by a utility corporation which  has  not  entered  commercial  operation,  the authority shall, in order to ensure  that neither the authority nor its customers shall bear any of the costs  associated  therewith,  provide  for  the  full   recovery   from   such  corporation, its successors or assigns of:    (a)  all  direct  and  indirect  costs  and  expenses  incurred by the  authority in connection with such actions or contracts;    (b) all direct  and  indirect  costs  incurred  by  the  authority  in  connection  with  damages to third parties resulting from any actions of  the authority in connection with such actions  or  contracts;  provided,  however, that the authority shall not be indemnified against damages for  gross negligence or willful misconduct; and    (c)  all  damages  incurred  by  the authority in connection with such  actions or  contracts  other  than  damages  resulting  from  its  gross  negligence or willful misconduct.    In  no  event shall the authority recover any costs or damages related  to such actions or contracts from any of its customers other  than  such  corporation its successors or assigns.

State Codes and Statutes

Statutes > New-york > Pba > Article-5 > Title-1 > 1005-a

§ 1005-a. Actions or contracts involving certain nuclear power plants.  Whenever  the  authority  undertakes  or executes any action or contract  involving the closure, maintenance, decommissioning or conversion of any  nuclear power plant constructed by a utility corporation which  has  not  entered  commercial  operation,  the authority shall, in order to ensure  that neither the authority nor its customers shall bear any of the costs  associated  therewith,  provide  for  the  full   recovery   from   such  corporation, its successors or assigns of:    (a)  all  direct  and  indirect  costs  and  expenses  incurred by the  authority in connection with such actions or contracts;    (b) all direct  and  indirect  costs  incurred  by  the  authority  in  connection  with  damages to third parties resulting from any actions of  the authority in connection with such actions  or  contracts;  provided,  however, that the authority shall not be indemnified against damages for  gross negligence or willful misconduct; and    (c)  all  damages  incurred  by  the authority in connection with such  actions or  contracts  other  than  damages  resulting  from  its  gross  negligence or willful misconduct.    In  no  event shall the authority recover any costs or damages related  to such actions or contracts from any of its customers other  than  such  corporation its successors or assigns.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Pba > Article-5 > Title-1 > 1005-a

§ 1005-a. Actions or contracts involving certain nuclear power plants.  Whenever  the  authority  undertakes  or executes any action or contract  involving the closure, maintenance, decommissioning or conversion of any  nuclear power plant constructed by a utility corporation which  has  not  entered  commercial  operation,  the authority shall, in order to ensure  that neither the authority nor its customers shall bear any of the costs  associated  therewith,  provide  for  the  full   recovery   from   such  corporation, its successors or assigns of:    (a)  all  direct  and  indirect  costs  and  expenses  incurred by the  authority in connection with such actions or contracts;    (b) all direct  and  indirect  costs  incurred  by  the  authority  in  connection  with  damages to third parties resulting from any actions of  the authority in connection with such actions  or  contracts;  provided,  however, that the authority shall not be indemnified against damages for  gross negligence or willful misconduct; and    (c)  all  damages  incurred  by  the authority in connection with such  actions or  contracts  other  than  damages  resulting  from  its  gross  negligence or willful misconduct.    In  no  event shall the authority recover any costs or damages related  to such actions or contracts from any of its customers other  than  such  corporation its successors or assigns.