Consolidated Edison Co. of New York, Inc. v. Power Authority

OPINION OF THE COURT

Colleen McMahon, J.

In this CPLR article 78 proceeding, petitioner Consolidated Edison Company of New York (Con Ed) seeks to overturn a recently enacted modification of a contract between respondent Power Authority of the State of New York (PASNY) and Smith Barney, Inc., as successor-in-interest to Shearson Lehman/ American Express, Inc., on the ground that the resolution authorizing the modification (which Con Ed describes as a new contract) violates section 1005 of the Public Authorities Law and article 6 of the Economic Development Law. PASNY argues that Con Ed lacks…