Methodology To Be Employed in Determining the Railroad Industry's Cost of Capital, 2591-2592 [E7-655]
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Federal Register / Vol. 72, No. 12 / Friday, January 19, 2007 / Notices
respect to the preparation of the NEPA
document.
(m) Reservation of Rights. All rights of
FTA not expressly provided herein are
hereby reserved by FTA.
Issued this 12th day of January, 2007.
James S. Simpson,
Administrator.
[FR Doc. E7–651 Filed 1–18–07; 8:45 am]
BILLING CODE 4910–57–P
DEPARTMENT OF TRANSPORTATION
Research & Innovative Technology
Administration
[Docket: OST—2007—26835]
Agency Information Collection;
Activity Under OMB Review; Report of
Passengers Denied Confirmed
Space—BTS Form 251
Research & Innovative
Technology Administration (RITA),
Bureau of Transportation Statistics
(BTS), DOT.
ACTION: Notice.
sroberts on PROD1PC70 with NOTICES
AGENCY:
SUMMARY: In compliance with the
Paperwork Reduction Act of 1995,
Public Law 104–13, the Bureau of
Transportation Statistics invites the
general public, industry and other
governmental parties to comment on the
continuing need for and usefulness of
BTS collecting reports on the number of
passengers holding confirmed
reservations that voluntarily or
involuntarily give up their seats when
the airline oversells the flight.
Comments are requested concerning
whether (a) the collection is still needed
by the Department of Transportation; (b)
BTS accurately estimated the reporting
burden; (c) there are other ways to
enhance the quality, utility and clarity
of the information collected; and (d)
there are ways to minimize reporting
burden, including the use of automated
collection techniques or other forms of
information technology.
DATES: Written comments should be
submitted by March 20, 2007.
FOR FURTHER INFORMATION CONTACT:
Bernie Stankus, Office of Airline
Information, RTS–42, Room 4125, RITA,
BTS, 400 Seventh Street, SW.,
Washington, DC 20590–0001,
Telephone Number (202) 366–4387, Fax
Number (202) 366–3383 or E-Mail
bernard.stankus@dot.gov.
Comments: Comments should identify
the associated OMB approval # 2138–
0018 and Docket OST—2007–26835.
Persons wishing the Department to
acknowledge receipt of their comments
must submit with those comments a
VerDate Aug<31>2005
18:10 Jan 18, 2007
Jkt 211001
self-addressed stamped postcard on
which the following statement is made:
Comments on OMB # 2138–0018,
Docket OST—26835. The postcard will
be date/time stamped and returned.
SUPPLEMENTARY INFORMATION:
OMB Approval No. 2138–0018
Title: Report of Passengers Denied
Confirmed Space.
Form No: BTS Form 251.
Type of Review: Extension of a
currently approved collection.
Respondents: Large certificated and
foreign air carrier.
Number of Respondents: 100.
Number of Responses: 400.
Total Annual Burden: 1,670 hours.
Needs and Uses: BTS Form 251 is a
one-page report on the number of
passengers denied boarding (voluntarily
and involuntarily), whether the bumped
passengers were provided alternate
transportation and/or compensation,
and the amount of the payment. U.S.
and foreign air carriers that operate
scheduled passenger service with large
aircraft (over 60-seats) must submit
Form 251. In addition, carriers report
data from inbound international flights
because the protections of 14 CFR part
250 Oversales do not apply to these
flights. The report allows the
Department to monitor the effectiveness
of its oversales rule and take
enforcement action when necessary.
While the involuntarily denied-boarding
rate has decrease from 4.38 per 10,000
passengers in 1980 to 1.04 for the nine
months ended September 2006, the rate
is up from the 0.89 attained for the nine
months ended September 2005. The
publishing of the carriers’ individual
denied boarding rates has negated the
need for more intrusive regulation. The
rate of denied boarding can be examined
as a continuing fitness factor. This rate
provides an insight into a carrier’s
customer service policy and its
compliance disposition. A rapid
sustained increase in the rate of denied
boarding often in an indicator of
operational difficulty. Because the rate
of denied boarding is released quarterly,
travelers and travel agents can select
carriers with low bumping incidents
when booking a trip. This information is
available in the Air Travel Consumer
Report at: https://
airconsumer.ost.dot.gov/reports/
index.htm. The Air Travel Consumer
Report is also sent to newspapers,
magazines, and trade journals. Without
Form 251, determining the effectiveness
of the Department’s oversales rule
would be impossible.
The Confidential Information
Protection and Statistical Efficiency Act
of 2002 (44 U.S.C. 3501 note), requires
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2591
a statistical agency to clearly identify
information it collects for non-statistical
purposes. BTS hereby notifies the
respondents and the public that BTS
uses the information it collects under
this OMB approval for non-statistical
purposes including, but not limited to,
publication of both Respondent’s
identity and its data, submission of the
information to agencies outside BTS for
review, analysis and possible use in
regulatory and other administrative
matters.
Issued in Washington, DC, on January 12,
2007.
Donald W. Bright,
Assistant Director, Airline Information,
Bureau of Transportation Statistics.
[FR Doc. E7–711 Filed 1–18–07; 8:45 am]
BILLING CODE 4910–FE–P
DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[STB Ex Parte No. 664]
Methodology To Be Employed in
Determining the Railroad Industry’s
Cost of Capital
AGENCY:
Surface Transportation Board,
DOT.
ACTION:
Notice of Public Hearing.
SUMMARY: The Surface Transportation
Board will hold a public hearing
beginning at 9:30 a.m. on Thursday,
February 15, 2007, at its offices in
Washington, DC. The purpose of the
hearing will be for members of the
public to present their views to assist
the Board in its examination of the
appropriate methodology to be
employed in determining the railroad
industry’s estimated cost of capital to be
used in future annual cost-of-capital
determinations. Persons wishing to
speak at the hearing should notify the
Board in writing.
DATES: The public hearing will take
place on Thursday, February 15, 2007.
Any person wishing to speak at the
hearing should file with the Board a
written notice of intent to participate
and should identify the party, the
proposed speaker, the time requested,
and the topic(s) to be covered, as soon
as possible but no later than February 5,
2007. Each speaker should also file with
the Board a written summary of his/her
testimony by February 12, 2007. Written
submissions by interested persons who
do not wish to appear at the hearing will
also be due by February 12, 2007.
ADDRESSES: All notices of intent to
participate and testimony may be
submitted either via the Board’s e-filing
E:\FR\FM\19JAN1.SGM
19JAN1
sroberts on PROD1PC70 with NOTICES
2592
Federal Register / Vol. 72, No. 12 / Friday, January 19, 2007 / Notices
format or in the traditional paper
format. Any person using e-filing should
comply with the Board’s
www.stb.dot.gov Web site, at the ‘‘EFILING’’ link. Any person submitting a
filing in the traditional paper format
should send an original and 10 copies
of the filing to: Surface Transportation
Board, Attn: STB Ex Parte No. 664, 1925
K Street, NW., Washington, DC 20423–
0001.
FOR FURTHER INFORMATION, CONTACT:
Paul Aguiar, (202) 565–1527.
[Assistance for the hearing impaired is
available through the Federal
Information Relay Service (FIRS) at:
(800) 877–8339.]
SUPPLEMENTARY INFORMATION: By an
advance notice of proposed rulemaking
served on September 20, 2006, the
Board sought comments on the
appropriate methodology to be
employed in determining the railroad
industry’s estimated cost of capital. The
Board will hold a public hearing to
provide a forum for interested persons
to provide views and information about
the Board’s cost-of-capital calculation.
Participants can also comment on how
evidence should be submitted and
analyzed in future cost-of-capital
proceedings.
The annual determination of the
railroad industry’s cost of capital is used
in evaluating the adequacy of railroad
revenues each year. This information
can also be used in other Board
proceedings, such as those involving the
prescription of maximum reasonable
rate levels. Section 205 of the Railroad
Revitalization and Regulatory Reform
Act of 1976 (4R Act) created the
requirement for the Board to establish
and maintain standards for railroad
revenue adequacy. Subsequent laws
(including the ICC Termination Act of
1995) have retained this requirement.
Thus, each year the Board makes a
determination of which railroads are or
are not revenue adequate.
The Board uses the Discounted Cash
Flow (DCF) methodology to calculate
the cost of equity, which in turn is used
to calculate the cost of capital. Parties
participating in this hearing should
discuss any changes in the underlying
railroad industry economic conditions
and whether those changes suggest the
need to change the methodology used
by the Board. The Board invites
information on the shortcomings of any
proposed methodology and the current
DCF method used in calculating cost of
capital.
Date of Hearing. The hearing will
begin at 9:30 a.m. on Thursday,
February 15, 2007, in the 7th floor
hearing room at the Board’s
VerDate Aug<31>2005
18:10 Jan 18, 2007
Jkt 211001
headquarters in Washington, DC, and
will continue, with short breaks if
necessary, until every person scheduled
to speak has been heard.
Notice of Intent To Participate. Any
person wishing to speak at the hearing
should file with the Board a written
notice of intent to participate, and
should identify the party, the proposed
speaker, the time requested, and topic(s)
to be covered, as soon as possible, but
no later than February 5, 2007.
Testimony. Each speaker should file
with the Board a written summary of
his/her testimony by February 12, 2007.
Also, any interested person who wishes
to submit a written statement without
appearing at the February 15 hearing
should file that statement by February
12, 2007.
Board Releases and Live Audio
Available Via the Internet. Decisions
and notices of the Board, including this
notice, are available on the Board’s Web
site at www.stb.dot.gov. This hearing
will be available on the Board’s Web site
by live audio streaming. To access the
hearing, click on the ‘‘Live Audio’’ link
under ‘‘Information Center’’ at the left
side of the home page beginning at 9:30
a.m. on February 15, 2007.
This action will not significantly
affect either the quality of the human
environment or the conservation of
energy resources.
Dated: January 12, 2007.
Vernon A. Williams,
Secretary.
[FR Doc. E7–655 Filed 1–18–07; 8:45 am]
BILLING CODE 4915–01–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Proposed Information
Collection; Comment Request
Office of the Comptroller of the
Currency (OCC), Treasury.
ACTION: Notice and request for comment.
AGENCY:
SUMMARY: The OCC, as part of its
continuing effort to reduce paperwork
and respondent burden, invites the
general public and other Federal
agencies to take this opportunity to
comment on a continuing information
collection, as required by the Paperwork
Reduction Act of 1995. Currently, the
OCC is soliciting comment concerning
its renewal of an information collection
titled, ‘‘(MA)—Municipal Securities
Dealers and Government Securities
Brokers and Dealers Registration and
Withdrawal.’’
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Fmt 4703
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You should submit written
comments by March 20, 2007.
ADDRESSES: You should direct all
written comments to the
Communications Division, Attention:
1557–0184, Third Floor, Office of the
Comptroller of the Currency, 250 E
Street, SW., Washington, DC 20219. In
addition, you may send comments by
facsimile transmission to (202) 874–
5274, or by electronic mail to
regs.comments@occ.treas.gov. You can
inspect and photocopy the comments at
the OCC’s Public Reference Room, 250
E Street, SW., Washington, DC, between
9 a.m. and 5 p.m. on business days. You
can make an appointment to inspect the
comments by calling (202) 874–5043.
FOR FURTHER INFORMATION CONTACT: You
can request additional information from
or a copy of the collection from Mary
Gottlieb or Camille Dickerson, (202)
874–5090, Legislative and Regulatory
Activities Division (1557–0184), Office
of the Comptroller of the Currency, 250
E Street, SW., Washington, DC 20219.
Additionally, you should send a copy
of your comments to OCC Desk Officer,
1557–0184, by mail to U.S. Office of
Management and Budget, 725, 17th
Street, NW., #10235, Washington, DC
20503, or by fax to (202) 395–6974.
SUPPLEMENTARY INFORMATION: The OCC
is proposing to extend OMB approval of
the following information collection:
Title: (MA)—Municipal Securities
Dealers and Government Securities
Brokers and Dealers Registration and
Withdrawal.
OMB Number: 1557–0184.
Form Numbers: MSD, MSDW, MSD–
4, MSD–5, G–FIN, G–FINW.
Abstract: This information collection
is required to satisfy the requirements of
the Securities Act Amendments of 1975
and the Government Securities Act of
1986 which require that any national
bank that acts as a government
securities broker/dealer or a municipal
securities dealer notify the OCC of its
broker/dealer activities. The OCC uses
this information to determine which
national banks are government and
municipal securities broker/dealers and
to monitor entry into and exit from
government and municipal securities
broker/dealer activities by institutions
and registered persons. The OCC also
uses the information in planning bank
examinations.
Type of Review: Renewal of a
currently approved collection. The
collection has not changed. The OCC
asks only that OMB approve its revised
estimates and extend its approval of the
forms, revised only to add a clarification
to the instructions.
DATES:
E:\FR\FM\19JAN1.SGM
19JAN1
]]>Agencies
[Federal Register Volume 72, Number 12 (Friday, January 19, 2007)]
[Notices]
[Pages 2591-2592]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-655]
-----------------------------------------------------------------------
DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[STB Ex Parte No. 664]
Methodology To Be Employed in Determining the Railroad Industry's
Cost of Capital
AGENCY: Surface Transportation Board, DOT.
ACTION: Notice of Public Hearing.
-----------------------------------------------------------------------
SUMMARY: The Surface Transportation Board will hold a public hearing
beginning at 9:30 a.m. on Thursday, February 15, 2007, at its offices
in Washington, DC. The purpose of the hearing will be for members of
the public to present their views to assist the Board in its
examination of the appropriate methodology to be employed in
determining the railroad industry's estimated cost of capital to be
used in future annual cost-of-capital determinations. Persons wishing
to speak at the hearing should notify the Board in writing.
DATES: The public hearing will take place on Thursday, February 15,
2007. Any person wishing to speak at the hearing should file with the
Board a written notice of intent to participate and should identify the
party, the proposed speaker, the time requested, and the topic(s) to be
covered, as soon as possible but no later than February 5, 2007. Each
speaker should also file with the Board a written summary of his/her
testimony by February 12, 2007. Written submissions by interested
persons who do not wish to appear at the hearing will also be due by
February 12, 2007.
ADDRESSES: All notices of intent to participate and testimony may be
submitted either via the Board's e-filing
[[Page 2592]]
format or in the traditional paper format. Any person using e-filing
should comply with the Board's www.stb.dot.gov Web site, at the ``E-
FILING'' link. Any person submitting a filing in the traditional paper
format should send an original and 10 copies of the filing to: Surface
Transportation Board, Attn: STB Ex Parte No. 664, 1925 K Street, NW.,
Washington, DC 20423-0001.
FOR FURTHER INFORMATION, CONTACT: Paul Aguiar, (202) 565-1527.
[Assistance for the hearing impaired is available through the Federal
Information Relay Service (FIRS) at: (800) 877-8339.]
SUPPLEMENTARY INFORMATION: By an advance notice of proposed rulemaking
served on September 20, 2006, the Board sought comments on the
appropriate methodology to be employed in determining the railroad
industry's estimated cost of capital. The Board will hold a public
hearing to provide a forum for interested persons to provide views and
information about the Board's cost-of-capital calculation. Participants
can also comment on how evidence should be submitted and analyzed in
future cost-of-capital proceedings.
The annual determination of the railroad industry's cost of capital
is used in evaluating the adequacy of railroad revenues each year. This
information can also be used in other Board proceedings, such as those
involving the prescription of maximum reasonable rate levels. Section
205 of the Railroad Revitalization and Regulatory Reform Act of 1976
(4R Act) created the requirement for the Board to establish and
maintain standards for railroad revenue adequacy. Subsequent laws
(including the ICC Termination Act of 1995) have retained this
requirement. Thus, each year the Board makes a determination of which
railroads are or are not revenue adequate.
The Board uses the Discounted Cash Flow (DCF) methodology to
calculate the cost of equity, which in turn is used to calculate the
cost of capital. Parties participating in this hearing should discuss
any changes in the underlying railroad industry economic conditions and
whether those changes suggest the need to change the methodology used
by the Board. The Board invites information on the shortcomings of any
proposed methodology and the current DCF method used in calculating
cost of capital.
Date of Hearing. The hearing will begin at 9:30 a.m. on Thursday,
February 15, 2007, in the 7th floor hearing room at the Board's
headquarters in Washington, DC, and will continue, with short breaks if
necessary, until every person scheduled to speak has been heard.
Notice of Intent To Participate. Any person wishing to speak at the
hearing should file with the Board a written notice of intent to
participate, and should identify the party, the proposed speaker, the
time requested, and topic(s) to be covered, as soon as possible, but no
later than February 5, 2007.
Testimony. Each speaker should file with the Board a written
summary of his/her testimony by February 12, 2007. Also, any interested
person who wishes to submit a written statement without appearing at
the February 15 hearing should file that statement by February 12,
2007.
Board Releases and Live Audio Available Via the Internet. Decisions
and notices of the Board, including this notice, are available on the
Board's Web site at www.stb.dot.gov. This hearing will be available on
the Board's Web site by live audio streaming. To access the hearing,
click on the ``Live Audio'' link under ``Information Center'' at the
left side of the home page beginning at 9:30 a.m. on February 15, 2007.
This action will not significantly affect either the quality of the
human environment or the conservation of energy resources.
Dated: January 12, 2007.
Vernon A. Williams,
Secretary.
[FR Doc. E7-655 Filed 1-18-07; 8:45 am]
BILLING CODE 4915-01-P
