§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.