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The Western Area Power Administration (WAPA), under the Department of Energy, has issued a notice confirming and approving new Provisional Formula Rates for various services associated with the Central Valley Project. These rates, effective from March 25, 2021, to December 2024, cover Energy Imbalance Market (EIM) Services, Sale of Surplus Products, and updates to existing Energy Imbalance and Generator Imbalance services. The new rates aim to align WAPA’s practices with broader energy markets, manage costs efficiently, and ensure fair pricing for energy services in the Sierra Nevada Region.

The National Highway Traffic Safety Administration (NHTSA) has issued an interim final rule in response to a petition from the Alliance for Automotive Innovation. This rule addresses when to increase the civil penalty rate for automobile manufacturers that do not meet corporate average fuel economy (CAFE) standards. The updated penalty rate will be enforced starting with the 2022 model year, unless a court decision is overturned. NHTSA has decided this rule to ensure fairness and avoid retroactive penalties, especially as manufacturers have been significantly impacted by the COVID-19 pandemic.

The Environmental Protection Agency (EPA) has issued a final rule to reduce the dust-lead clearance levels in order to lower childhood lead exposure. These levels indicate the acceptable amount of lead residue following lead abatement activities. The new standards lower the clearance levels from 40 micrograms per square foot to 10 micrograms for floors, and from 250 to 100 micrograms for window sills. This change is made to align with updated science and aims to improve children's health by minimizing lead exposure. This rule is effective from March 8, 2021.

The U.S. Nuclear Regulatory Commission (NRC) is proposing changes to its fee schedules for fiscal year 2025 to comply with the Nuclear Energy Innovation and Modernization Act, which mandates recovering nearly all of its annual budget through fees. The updates include amendments to licensing, inspection, and annual fees, and introducing a reduced hourly rate for advanced nuclear reactor applicants and pre-applicants. This reduced rate is set to encourage the development and application of versatile, advanced nuclear technologies, aligning with recent legislative acts. Public comments on these proposals are invited until March 21, 2025.

The Federal Communications Commission (FCC) has proposed changes to rules for managing spectrum bands with the aim of promoting Advanced Air Mobility (AAM) and Uncrewed Aerial Systems (UAS). This proposed rule covers three main areas: opening the 450 MHz band for broader aeronautical operations and spectrum flexibility, allowing enhanced UAS detection in the 24.45-24.65 GHz band, and updating power rules for Commercial Aviation Air-Ground Systems in the 849-851 MHz and 894-896 MHz bands. The FCC seeks public comments by April 16, 2025, to further refine these proposals aimed at improving wireless communications and supporting emerging aviation technologies.

The Environmental Protection Agency (EPA) is proposing to disapprove West Virginia's plan to address regional haze in national parks and wilderness areas. The EPA argues that West Virginia didn't properly analyze which pollution control measures are necessary to make reasonable progress toward improving visibility, as required by the Clean Air Act. The EPA's proposed disapproval doesn’t immediately impose any penalties on West Virginia, but it does start a two-year period during which the EPA must create its own plan if West Virginia doesn't correct the identified issues. Public comments on this proposal are being accepted until February 20, 2025.

NYSE Arca, Inc. has submitted a proposal to the Securities and Exchange Commission to list and trade shares of the COtwo Advisors Physical European Carbon Allowance Trust, which would allow investors to gain exposure to the European Union's carbon emissions market. This trust intends to invest solely in European Union Carbon Emission Allowances and is designed as a cost-effective way for investors to participate in the market. The proposal highlights various mechanisms to ensure transparency and prevent fraud, including surveillance-sharing arrangements with regulated markets like ICE Endex. The SEC is inviting public comments on this proposal before making a decision.

The National Oceanic and Atmospheric Administration (NOAA) has finalized a rule that amends the Atlantic Herring Fishery Management Plan to introduce Amendment 8. This rule establishes a new Acceptable Biological Catch (ABC) control rule that considers the role of herring in the ecosystem and prohibits midwater trawling within federal waters inshore from the U.S./Canada border to the Rhode Island/Connecticut border. The aim is to sustainably manage herring resources, addressing both overfishing risks and potential conflicts between different user groups such as commercial fishermen and ecotourism operators, while ensuring herring is available as essential forage for other marine species. These measures respond to the declining herring biomass and are expected to provide both ecological and long-term economic benefits, despite potential short-term economic impacts on the fishing industry.

The U.S. Department of Energy has finalized new rules amending the test procedures for central air conditioners and heat pumps, incorporating updated industry standards. The changes include adding new cooling and heating efficiency measures, SCORE and SHORE, which factor in energy use during off modes. The rule updates various testing standards and clarifies the requirements for systems like dual-fuel heat pumps and those using newer refrigerants. These rules aim to provide more accurate efficiency ratings without increasing testing costs for manufacturers.

The Securities and Exchange Commission (SEC) is considering whether to approve or deny a proposed rule change by NYSE Arca, allowing the listing and trading of shares for the COtwo Advisors Physical European Carbon Allowance Trust. This newly proposed exchange-traded product is designed to reflect the performance of EU carbon emission allowances, offering investors a way to engage in the carbon market without directly holding carbon credits. Key considerations involve the detection and prevention of potential market manipulation and ensuring adequate investor protections by determining whether ICE Endex acts as a significant market for these trades. The SEC is seeking public comments to evaluate the impact and effectiveness of the proposed rules in preventing fraud, manipulating acts, and protecting investors.