New York Laws
Title 1-B - North Country Power Authority
1021-B - North Country Power Authority.

(b) If any employees are hired as a consequence of an acquisition of
the assets of National Grid, they shall be hired subject and be entitled
to all applicable provisions of (i) any existing contract or contracts
with labor unions and (ii) all existing pension or other retirement
plans. Notwithstanding the provisions of any general, special or local
law, the board may determine that such class of employees of the
authority may elect to become members of the New York state employees'
retirement system on the basis of compensation payable to them by the
authority.
7. (a) The authority shall be subject in all respects to the general
supervision and jurisdiction of the public service commission in the
same manner as a municipal electric utility is subject to the
jurisdiction of the public service commission under the public service
law.
(b) The authority shall not make any commitment, enter into any
agreement nor incur any indebtedness unless prior approval has been
received from the New York state public authorities control board
pursuant to article one-A of this chapter.
(c) In addition to all of the powers of the public service commission,
prior to acquiring any property and commencing operations, the authority
shall secure an order from the commission authorizing such acquisition
and commencement. The commission shall have the power to deny the
authority's application to acquire property and commence operations. The
authority shall comply with any and all requests for documents,
materials, and testimony that the commission may seek. The commission
shall consider, including but not limited to, the following factors
before issuing an order: ratepayer impacts; system reliability;
environmental impacts, conservation of energy resources; preservation or
creation of economic opportunities; power efficiency and availability;
public health and welfare; and any other factor it deems relevant. The
authority granted pursuant to this paragraph shall terminate upon
commencement of distribution of power.
8. The authority and its corporate existence shall continue until
terminated by law, provided, however, that no such law shall take effect
so long as the authority shall have securities outstanding, unless
adequate provision has been made for the payment thereof.
9. In the event that the authority does not commence delivering
electric power within ten years of the effective date of this title, the
authority shall cease to exist and the provisions of this title shall be
of no further force and effect, subject to the terms of any bonds, notes
or other debt obligations then outstanding.