Any county of the second class may construct or purchase facilities or real estate for the purpose of developing, transmitting, utilizing or distributing electric power by hydroelectric generation. Any county of the second class may purchase a hydroelectric generating facility at such price as may be agreed upon by the county and the person, copartnership or a majority of the stockholders of a corporation that owns such facility. As used in this section the phrase "distributing electric power" means the distribution of electric power produced by hydroelectric generation to facilities owned by the county or by a municipal authority created by the county.
16 P.S. § 5104-A