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<section article="gpu" article_name="Public Utilities" number="7-534" title_number="7" title_name="Gas, Electric, and Water Companies" subtitle_number="5" subtitle_name="Electric Industry Restructuring">
  <level label="a">
    <text>At the request of an electric company, the Commission may modify an existing qualified rate order, or issue an additional qualified rate order, providing for the issuance of:</text>
    <level label="1">
      <text>additional rate stabilization bonds for rate stabilization costs not recovered under an original qualified rate order; or</text>
    </level>
    <level label="2">
      <text>new rate stabilization bonds for the combined purposes of:</text>
      <level label="i">
        <text>financing and recovering rate stabilization costs not recovered under an original qualified rate order; and</text>
      </level>
      <level label="ii">
        <text>subject to § 7-533 of this subtitle, retiring and refunding existing rate stabilization bonds.</text>
      </level>
    </level>
  </level>
  <level label="b">
    <text>Unless otherwise provided in the modified or additional qualified rate order or in the trust agreement securing the additional or new rate stabilization bonds, the additional or new rate stabilization bonds are:</text>
    <level label="1">
      <text>considered to be of the same issue as the original issue; and</text>
    </level>
    <level label="2">
      <text>entitled to payment from the same funds as the original issue, without preference or priority of the rate stabilization bonds of the original issue.</text>
    </level>
  </level>
</section>
