Md. Code, Pub. Util. § 7-540
Md. Code, Pub. Util. § 7-540
Maryland · Maryland Code, Public Utilities · Status: effective
Cite this
- Citation
- Md. Code, Pub. Util. § 7-540, Maryland, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1785547
- Permanent ID
ys:prov:1785547@1- SHA-256
aed26bec70534bbe3f67676e0038c1b7b2894531edf9209188e53e8efa9611f7
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) The interest of an assignee or pledgee in rate stabilization property and in the revenues and collections arising from that property is not subject to setoff, counterclaim, surcharge, or defense by the electric company or any other person or in connection with the bankruptcy of the electric company or any other entity.
(b) A qualified rate order remains in effect and unabated notwithstanding the bankruptcy of the electric company, its successors, or assignees.