((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

((c)) ** 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