Section 369-B:8 Successors to Electric Utilities. - New Hampshire Statutes

Any successor to an electric utility, whether pursuant to any bankruptcy, reorganization, or other insolvency proceeding, or pursuant to any merger, sale, or transfer, by operation of law, or otherwise, shall perform and satisfy all obligations of the electric utility with respect to rate reduction bonds in the same manner and to the same extent as was required of the electric utility before such proceeding or transfer, including, without limitation, billing, collecting, and paying to the holders of the rate reduction bonds or their representatives or the applicable financing entity RRB charges and any other revenues arising with respect to the RRB property and seeking RRB charge adjustments, as necessary and permitted by a finance order, to recover all RRB costs designated in an applicable finance order or finance orders.

Source. 2000, 249:2, eff. June 12, 2000.