U.S. Code > Title 42 The Public Health and Welfare > CHAPTER 149—NATIONAL ENERGY POLICY AND PROGRAMS > SUBCHAPTER XII—ELECTRICITY > Part D—Repeal of Public Utility Holding Company Act of 1935 > § 16459. Savings provisions

§ 16459. Savings provisions

(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 August 8, 2005, 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.
(b) Effect on other Commission authority
Nothing in this part limits the authority of the Commission under the Federal Power Act (16 U.S.C. 791a et seq.) or the Natural Gas Act (15 U.S.C. 717 et seq.).
(c) Tax treatment
Tax treatment under section 1081 [1] of title 26 as a result of transactions ordered in compliance with the Public Utility Holding Company Act of 1935 (15 U.S.C. 79 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 [42 U.S.C. 16451 et seq.].

[1] See References in Text note below.