Search Results for keywords:"Jefferson Island Storage

The Securities and Exchange Commission (SEC) received a proposed rule change from The Nasdaq Stock Market LLC to list and trade shares of the Grayscale Polkadot Trust under Nasdaq Rule 5711(d). This trust will hold and manage Polkadot tokens, offering an investment avenue without direct ownership of the digital currency. The proposed rule includes measures to prevent fraud and manipulation, and outlines how the shares will be created, traded, and redeemed. The SEC is reviewing the proposal and inviting public comments for potential approval or disapproval.

The U.S. Nuclear Regulatory Commission (NRC) approved exemptions for PSEG Nuclear, LLC, allowing it to transfer earnings from nuclear decommissioning trust funds into specific subaccounts without prior notification. These exemptions pertain to funds at Hope Creek Generating Station, Salem Generating Station, and Peach Bottom Atomic Power Station, and are intended for activities that don't strictly fall under "decommissioning" as defined by existing regulations. The NRC confirmed these changes will not jeopardize the safe decommissioning of the reactors and concluded there are no significant environmental impacts from this decision. The exemptions are immediately effective and will expire once each reactor permanently ceases operations and removes nuclear fuel.

The Environmental Protection Agency (EPA) is proposing updates to the Standards of Performance for stationary combustion turbines and gas turbines to better control emissions of nitrogen oxides (NOX) and sulfur dioxide (SO2). Based on a review required by the Clean Air Act, these amendments aim to establish new subcategories and lower NOX emission limits by using improved technologies like post-combustion selective catalytic reduction (SCR). These changes are expected to reduce environmental impacts, particularly for new and reconstructed turbines, and address concerns about turbines that may co-fire with hydrogen. The proposal also considers public comments and suggestions regarding technical updates and regulatory simplifications.

The National Fuel Gas Supply Corporation has filed a notice requesting authorization to plug and abandon two wells in Erie County, New York, due to poor deliverability. They assure that this project won't reduce service to customers and estimate the cost at $800,000. The public can get involved in the review process by filing protests, motions to intervene, or comments by the deadline of March 14, 2025. Details on how to file these and further information are available through the Federal Energy Regulatory Commission's website.

The Federal Energy Regulatory Commission (FERC), part of the Department of Energy, is asking for public comments on its information collections, specifically FERC Form Nos. 1, 1-F, and 3-Q. These forms are used to collect financial and operational data from major and nonmajor electric utilities, licensees, and natural gas companies. Comments are due by April 8, 2025, and FERC seeks input on the necessity, accuracy, and potential improvements for the data collection processes. The request aims to understand if the information is useful for FERC's functions and how the collections can be enhanced or made less burdensome.

The Federal Energy Regulatory Commission (FERC) has received a request from the National Fuel Gas Supply Corporation to plug and abandon an old well and its connected pipeline in Pennsylvania due to corrosion issues. The proposed work is not expected to affect current customers or operations, and it would cost about $958,000 to build similar facilities today. The public can participate in the review process by filing protests, motions to intervene, or comments by April 14, 2025. The document explains how to file these responses and provides contact information for those seeking assistance.

The Treasury Department and IRS have issued final regulations that update the rules for classifying transactions involving digital content and cloud services. These updates help clarify how transactions like software downloads and streaming services are taxed, especially in international contexts. The new rules replace the previous "de minimis" standard with a "predominant character" rule to simplify determining the main purpose of such transactions. Examples in the regulations provide further guidance, and while the new rules are effective for tax years starting on or after January 14, 2025, businesses can also choose to apply them to earlier years.

The Department of the Treasury's Internal Revenue Service (IRS) has issued final regulations for a program that offers bonus credits for clean electricity projects in low-income communities, under the Inflation Reduction Act of 2022. Starting in 2025, these regulations outline how eligible projects can receive increased tax credits by meeting specific energy and environmental criteria, including generating electricity without combustion. Various categories, like projects sited in low-income areas or benefiting low-income households, are eligible for different levels of increased credits. The regulations also detail rules for applying, calculating financial benefits, and maintaining eligibility over time.

The Occupational Safety and Health Administration (OSHA) is proposing changes to the Hazard Communication Standard (HCS) to better align it with international guidelines, specifically the United Nations' Globally Harmonized System of Classification and Labelling of Chemicals (GHS), Revision 7. This proposed rule aims to improve how chemical hazards are communicated to employers and employees, ensuring greater consistency and effectiveness. The updates included in the rule cover how hazards are classified, how labels are created, and technical updates to safety data sheets, among others. The public is invited to submit comments on these proposed changes by April 19, 2021.

The U.S. Environmental Protection Agency (EPA) is proposing a rule to update standards for Primary Magnesium Refining, aimed at improving air quality and protecting public health and the environment. The proposed regulation will ensure that emissions of hazardous air pollutants, such as chlorine, are better controlled. The EPA is planning to eliminate exemptions previously allowed during startup, shutdown, and malfunction periods and include new work practice standards for malfunction events. Additionally, the proposal requires electronic reporting to streamline data handling and improve compliance.