((a)) In general Nothing in this part, or otherwise in the Public Utility Holding Company Act of 1935, or rules, regulations, or orders thereunder, prohibits a person from engaging in or continuing to engage in activities or transactions in which it is legally engaged or authorized to engage on , if that person continues to comply with the terms (other than an expiration date or termination date) of any such authorization, whether by rule or by order.August 8, 20052005-08-08
((b)) Effect on other Commission authority Nothing in this part limits the authority of the Commission under the Federal Power Act ( et seq.) or the Natural Gas Act ( et seq.).16 U.S.C. 791a15 U.S.C. 717
(©) Tax treatment Tax treatment under section 1081 of title 26 as a result of transactions ordered in compliance with the Public Utility Holding Company Act of 1935 ( et seq.) shall not be affected in any manner due to the repeal of that Act and the enactment of the Public Utility Holding Company Act of 2005 [ et seq.].115 U.S.C. 7942 U.S.C. 16451