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ROBERT L. EHRLICH, JR., Governor Ch. 5
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(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.
7-544.
AN ASSIGNEE OR FINANCING PARTY MAY NOT BE CONSIDERED TO BE A PUBLIC
SERVICE COMPANY OR AN ELECTRICITY SUPPLIER SOLELY BY VIRTUE OF THE
TRANSACTIONS DESCRIBED IN THIS PART.
7-545. RESERVED.
7.546. RESERVED.
PART IV. RATE STABILIZATION - SPECIFIC PROVISIONS.
7-547.
THIS PART APPLIES TO AN INVESTOR-OWNED ELECTRIC COMPANY THAT HAS
AN OBLIGATION TO PROVIDE STANDARD OFFER SERVICE UNDER § 7-510(C) OF THIS
SUBTITLE TO RESIDENTIAL ELECTRIC CUSTOMERS FOR WHOM RATE CAP OR PRICE
FREEZE SERVICE ESTABLISHED UNDER A SETTLEMENT AGREEMENT APPROVED IN
ACCORDANCE WITH § 7-505(D) OF THIS SUBTITLE EXPIRES AT THE END OF JUNE 30,
2006.
7-548.
(A) (1) (I) NOTWITHSTANDING ANY OTHER PROVISION OF THIS ARTICLE,
BUT SUBJECT TO PARAGRAPHS (2) THROUGH (4) OF THIS SUBSECTION, AN ELECTRIC
COMPANY TO WHICH THIS PART APPLIES SHALL FILE TARIFFS WITH THE
COMMISSION THAT IMPLEMENT A RATE STABILIZATION PLAN CONSISTENT WITH
THIS PART.
(II) 1. THE COMMISSION SHALL REVIEW THE TARIFFS
REQUIRED UNDER SUBPARAGRAPH (I) OF THIS PARAGRAPH.
2. WITHIN 20 DAYS AFTER THE FILING OF THE TARIFFS
REQUIRED UNDER SUBPARAGRAPH (I) OF THIS PARAGRAPH, THE COMMISSION
SHALL ISSUE AN ORDER IMPLEMENTING THE RATE STABILIZATION PLAN IN
ACCORDANCE WITH THIS PART AND PART III OF THIS SUBTITLE.
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