Old Water-For-Power Pact Still Valid, New York Justice Rules
Mealey's (June 17, 2015, 8:09 AM EDT) -- ALBANY, N.Y. — A 115-year-old agreement to convey water rights for a hydroelectric plant in exchange for cash and free electricity remains valid, a New York state court justice ruled Oct. 1, 2014 (Niagara Mohawk Power Corporation, et al. v. Allied Healthcare Products, Inc., et al., No. 6516-09, N.Y. Sup., Albany Co.; 2014 N.Y. Misc. LEXIS 4338).
(Opinion available. Document #95-141023-006Z.)
In 1899, Anna and Charles Frisbee conveyed all their water rights and privileges on the Kinderhook Creek to Colonial Trust Co. The rights were acquired...