Justia Regulation Tracker

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[Federal Register: October 26, 2009 (Volume 74, Number 205)]
[Notices]               
[Page 55086-55087]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr26oc09-137]                         

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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Ex Parte No. 552 (Sub-No. 13)]

 
Railroad Revenue Adequacy--2008 Determination

AGENCY: Surface Transportation Board, DOT.

ACTION: Notice of decision.

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SUMMARY: On October 26, 2009, the Board served a decision announcing 
the 2008 revenue adequacy determinations for the Nation's Class I 
railroads. One carrier, Norfolk Southern Railway Company, is found to 
be revenue adequate.

DATES: Effective Date: This decision is effective on October 26, 2009.

FOR FURTHER INFORMATION, CONTACT: Paul Aguiar, (202) 245-0323. 
Assistance for the hearing impaired is available through the Federal 
Information Relay Service (FIRS) at: (800) 877-8339.

SUPPLEMENTARY INFORMATION: The Board is required to make an annual

[[Page 55087]]

determination of railroad revenue adequacy. A railroad is considered 
revenue adequate under 49 U.S.C. 10704(a) if it achieves a rate of 
return on net investment (ROI) equal to at least the current cost of 
capital for the railroad industry. For 2008, the railroad industry's 
cost of capital was determined to be 11.75%. See Railroad Cost of 
Capital--2008, STB Ex Parte No. 558 (Sub-No. 12) (STB served Sept. 25, 
2009). This revenue adequacy figure was compared with ROI data from 
each Class I railroad, and one carrier was found to be revenue adequate 
for 2008.
    The Board's decision in this proceeding is posted on the Board's 
Web site at http://www.stb.dot.gov under ``E-Library,'' and ``Decisions 
& Notices.''
    This action will not significantly affect either the quality of the 
human environment or the conservation of energy resources.
    Pursuant to 5 U.S.C. 605(b), we conclude that our action in this 
proceeding will not have a significant economic impact on a substantial 
number of small entities. The purpose and effect of the action is 
merely to update the annual railroad industry revenue adequacy finding. 
No new reporting or other regulatory requirements are imposed, directly 
or indirectly, on small entities.

    Decided: October 16, 2009.
Jeffrey Herzig,
Clearance Clerk.
[FR Doc. E9-25478 Filed 10-23-09; 8:45 am]

BILLING CODE 4915-01-P