{"identifier":"/us/usc/t42/s16459","title":42,"num":"\u00a7\u202f16459.","heading":"Savings provisions","text":"\u00a7\u202f16459.\nSavings provisions\n(a)\nIn general\nNothing 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\nAugust 8, 2005\n(b)\nEffect on other Commission authority\nNothing in this part limits the authority of the Commission under the Federal Power Act (\n16 U.S.C. 791a\n15 U.S.C. 717\n(c)\nTax treatment\nTax treatment under section 1081\n1\n1 See References in Text note below.\n15 U.S.C. 79\n42 U.S.C. 16451","url":"https://projectusc.org/usc/t42/s16459.html","content":[{"t":"sec","id":"/us/usc/t42/s16459","children":[{"t":"num","text":"\u00a7\u202f16459."},{"t":"heading","text":"Savings provisions"},{"t":"subsec","id":"/us/usc/t42/s16459/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"In general"},{"t":"content","children":[{"t":"p","text":"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 ","children":[{"t":"text","text":"August 8, 2005","tail":", 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."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t42/s16459/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Effect on other Commission authority"},{"t":"content","children":[{"t":"p","text":"Nothing in this part limits the authority of the Commission under the Federal Power Act (","children":[{"t":"ref","text":"16 U.S.C. 791a","href":"/us/usc/t16/s791a","tail":" et seq.) or the Natural Gas Act ("},{"t":"ref","text":"15 U.S.C. 717","href":"/us/usc/t15/s717","tail":" et seq.)."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t42/s16459/c","children":[{"t":"num","text":"(c)"},{"t":"heading","text":"Tax treatment"},{"t":"content","children":[{"t":"p","text":"Tax treatment under section 1081\u202f","children":[{"t":"ref","text":"1"},{"t":"num","text":"1","tail":"\u202fSee References in Text note below."},{"t":"text","text":"\u202fSee References in Text note below.","tail":" of title 26 as a result of transactions ordered in compliance with the Public Utility Holding Company Act of 1935 ("},{"t":"ref","text":"15 U.S.C. 79","href":"/us/usc/t15/s79","tail":" 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 ["},{"t":"ref","text":"42 U.S.C. 16451","href":"/us/usc/t42/s16451","tail":" et seq.]."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}