§ 7–543
Statutes in effect as of October 1, 2026.
Md. Code Ann., Pub. Util. § 7-543 (2026)
Title 7. Gas, Electric, and Water Companies
Subtitle 5. Electric Industry Restructuring
§ 7–543LinkCopy Citation
(a)
This section applies to a person that is a successor to an electric company, whether through:
(1)
a reorganization, bankruptcy, or other insolvency proceeding;
(2)
a merger or acquisition, sale, or other business combination; or
(3)
a transfer by operation of law.
(b)
A successor to an electric company shall perform and satisfy all obligations of, and have the same rights under a qualified rate order as, the electric company under the qualified rate order in the same manner and to the same extent as the electric company, including:
(1)
collecting the revenues, collections, payments, or proceeds of the rate stabilization property; and
(2)
paying them to the person entitled to receive them.