# Public Utilities (GPU)

## Title 7. Gas, Electric, and Water Companies

### Subtitle 5. Electric Industry Restructuring

#### Section 7-543

(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.

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Md. Code Ann., Pub. Util. (as displayed at mgaleg.maryland.gov, October 16, 2026)