Maryland Statutes
Part III - Rate Stabilization
Section 7-534 - Modified or Additional Qualified Rate Orders

(a)    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:
        (1)    additional rate stabilization bonds for rate stabilization costs not recovered under an original qualified rate order; or
        (2)    new rate stabilization bonds for the combined purposes of:
            (i)    financing and recovering rate stabilization costs not recovered under an original qualified rate order; and
            (ii)    subject to § 7-533 of this subtitle, retiring and refunding existing rate stabilization bonds.
    (b)    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:
        (1)    considered to be of the same issue as the original issue; and
        (2)    entitled to payment from the same funds as the original issue, without preference or priority of the rate stabilization bonds of the original issue.

Structure Maryland Statutes

Maryland Statutes

Public Utilities

Division I - Public Services and Utilities

Title 7 - Gas, Electric, and Water Companies

Subtitle 5 - Electric Industry Restructuring

Part III - Rate Stabilization

Section 7-520 - Definitions

Section 7-521 - Applicability

Section 7-522 - Filing Rate Stabilization Plan

Section 7-523 - Deferrals

Section 7-524 - Tariffs Implementing Rate Stabilization Plan; Application for Qualified Rate Order

Section 7-525 - Recovery of Actual Cost of Deferred Expenses

Section 7-526 - Application for Qualified Rate Order

Section 7-527 - Order to Include Costs and Recovery Time Period

Section 7-528 - Effectiveness and Irrevocability; Review

Section 7-529 - Time Limit for Commission's Decision

Section 7-530 - Qualified Rate Stabilization Charges -- Imposition and Collection Are Nonbypassable

Section 7-531 - Commission to Establish Procedures and Time Frames for Review

Section 7-532 - Termination, Expiration, and Extension of Orders

Section 7-533 - Retiring and Refunding Bonds

Section 7-534 - Modified or Additional Qualified Rate Orders

Section 7-535 - Bond Not Debt, Liability, or Pledge of State or Governmental Unit

Section 7-536 - Permissible Provisions of Order

Section 7-537 - Rate Stabilization Property

Section 7-538 - Exemption From Taxes and Charges

Section 7-539 - Status of Agreement as Sale

Section 7-540 - Interest of Assignee or Pledgee Not Subject to Setoff, Counterclaim, Surcharge, or Defense; Order Effective Despite Bankruptcy

Section 7-541 - Required Statements in Electric Bills

Section 7-542 - Liens or Assignments of Rate Stabilization Property

Section 7-543 - Successors to Perform and Satisfy Obligations

Section 7-544 - Assignees or Financing Parties Not Considered Public Service Company or Electric Supplier