John C. Nolan, Penn Eastern Rail Lines, Inc., and East Penn Railways, Inc.-Corporate Family Transaction Exemption, 38655-38656 [E7-13355]

Download as PDF Federal Register / Vol. 72, No. 134 / Friday, July 13, 2007 / Notices The transaction is scheduled to be consummated on July 29, 2007. The trackage rights are necessary, for economy and efficiency of operation, to permit CSXT and INRD to interchange at Terre Haute unit coal trains and empty hopper trains moving to and from Ameren Energy Generating Company at Lis, IL, on INRD’s line of railroad west of Sullivan, using its own trains (locomotives or cars) with its own crews.2 As a condition to this exemption, any employees affected by the acquisition of the trackage rights will be protected by the conditions imposed in Norfolk and Western Ry. Co.—Trackage Rights—BN, 354 I.C.C. 605 (1978), as modified in Mendocino Coast Ry., Inc.—Lease and Operate, 360 I.C.C. 653 (1980). This notice is filed under 49 CFR 1180.2(d)(7). If it contains false or misleading information, the exemption is void ab initio. Petitions to revoke the exemption under 49 U.S.C. 10502(d) may be filed at any time. The filing of a petition to revoke will not automatically stay the effectiveness of the exemption. Stay petitions must be filed by July 20, 2007 (at least 7 days before the exemption becomes effective). An original and 10 copies of all pleadings, referring to STB Finance Docket No. 35059, must be filed with the Surface Transportation Board, 395 E Street, SW., Washington, DC 20423– 0001. In addition, one copy of each pleading must be served on John Broadley, 1054 31st Street, NW., Suite 200, Washington, DC 20007. Board decisions and notices are available on our Web site at: http:// www.stb.dot.gov. Dated: July 6, 2007. By the Board, Joseph H. Dettmar, Acting Director, Office of Proceedings. Vernon A. Williams, Secretary. [FR Doc. E7–13524 Filed 7–12–07; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF TRANSPORTATION Surface Transportation Board [STB Finance Docket No. 35058] pwalker on PROD1PC71 with NOTICES CSX Transportation, Inc.—Trackage Rights Exemption—The Indiana Rail Road Company Pursuant to a written trackage rights agreement, The Indiana Rail Road 2 INRD states that it is contemplating rehabilitating its own line or railroad between Terre Haute and Sullivan within the next 5 years so that it can operate the Ameren trains entirely via lines of INRD between Terre Haute and Lis. VerDate Aug<31>2005 19:05 Jul 12, 2007 Jkt 211001 Company (INRD) has agreed to grant limited overhead trackage rights to CSX Transportation, Inc. (CSXT), over a line of railroad known as INRD’s Chicago Subdivision, between the connection of CSXT and INRD trackage at ConMil at approximate INRD milepost 175.5 and the connection of CSXT and INRD trackage at approximate INRD milepost 181.7, a distance of 6.2 miles, all in Terre Haute, Vigo County, IN. This transaction is scheduled to be consummated on July 29, 2007, the effective date of the exemption (30 days after the exemption was filed). This transaction is related to a concurrently filed notice of exemption in STB Finance Docket No. 35059, The Indiana Rail Road Company—Trackage Rights Exemption—CSX Transportation, Inc., wherein INRD seeks to acquire and operate over 22.5 miles of rail line over CSXT’s CE&D Subdivision, between the connection of CSXT and INRD trackage at Belt Junction, Terre Haute, at approximate milepost OZA 181.70, and the connection of CSXT and INRD trackage at Sullivan, IN, at approximate milepost OZA 204.20. The purpose of the trackage rights is to enable CSXT crews to operate trains in overhead movements between points on CSXT’s CE&D Subdivision, south of Terre Haute, and points on CSXT’s St. Louis Line Subdivision, west of Terre Haute, in order to improve traffic flow (including reduction of railroad and vehicular congestion) and further improve the safety of CSXT operations in and around Terre Haute. As a condition to this exemption, any employees affected by the trackage rights will be protected by the conditions imposed in Norfolk and Western Ry. Co.—Trackage Rights—BN, 354 I.C.C. 605 (1978), as modified in Mendocino Coast Ry., Inc.—Lease and Operate, 360 I.C.C. 653 (1980). This notice is filed under 49 CFR 1180.2(d)(7). If the notice contains false or misleading information, the exemption is void ab initio. Petitions to revoke the exemption under 49 U.S.C. 10502(d) may be filed at any time. The filing of a petition to revoke will not automatically stay the effectiveness of the exemption. Stay petitions must be filed by July 20, 2007 (at least 7 days before the exemption becomes effective). An original and 10 copies of all pleadings, referring to STB Finance Docket No. 35058, must be filed with the Surface Transportation Board, 395 E Street, SW., Washington, DC 20423– 0001. In addition, a copy of each pleading must be served on Steven C. Armbrust, Esq., CSX Transportation, PO 00000 Frm 00106 Fmt 4703 Sfmt 4703 38655 Inc., 500 Water Street, J–150, Jacksonville, FL 32202. Board decisions and notices are available on our Web site at: http:// www.stb.dot.gov. Decided: July 5, 2007. By the Board, David M. Konschnik, Director, Office of Proceedings. Vernon A. Williams, Secretary. [FR Doc. E7–13330 Filed 7–12–07; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF TRANSPORTATION Surface Transportation Board [STB Finance Docket No. 35056] John C. Nolan, Penn Eastern Rail Lines, Inc., and East Penn Railways, Inc.–Corporate Family Transaction Exemption John C. Nolan, a noncarrier individual (Mr. Nolan), Penn Eastern Rail Lines, Inc. (PRL), and East Penn Railways, Inc. (EPRY), jointly have filed a verified notice of exemption under 49 CFR 1180.2(d)(3) for a transaction within a corporate family. Mr. Nolan currently controls PRL and EPRY, which are Class III rail carriers operating in Pennsylvania and Delaware.1 As part of the proposed transaction, Mr. Nolan will merge PRL and EPRY into East Penn Railroad, LLC (EPLLC), which he also controls, with EPLLC being the surviving corporation. The transaction is scheduled to be consummated on or shortly after July 27, 2007, the effective date of the exemption. The purpose of the transaction is to simplify the corporate structure of Mr. Nolan’s railroads and eliminate costs associated with separate accounting, tax, bookkeeping, and reporting functions. This is a transaction within a corporate family of the type specifically exempted from prior review and approval under 49 CFR 1180.2(d)(3). The parties state that the transaction will not result in adverse changes in service levels, significant operational changes, or a change in the competitive balance with carriers outside the corporate family. Under 49 U.S.C. 10502(g), the Board may not use its exemption authority to relieve a rail carrier of its statutory obligation to protect the interests of its employees. Section 11326(c), however, does not provide for labor protection for 1 See John C. Nolan-Control Exemption-Penn Eastern Rail Lines, Inc., STB Finance Docket No 34322 (STB served July 22, 2002). E:\FR\FM\13JYN1.SGM 13JYN1 38656 Federal Register / Vol. 72, No. 134 / Friday, July 13, 2007 / Notices transactions under sections 11324 and 11325 that involve only Class III rail carriers. Accordingly, the Board may not impose labor protective conditions here, because all of the carriers involved are Class III carriers. If the notice contains false or misleading information, the exemption is void ab initio. Petitions to revoke the exemption under 49 U.S.C. 10502(d) may be filed at any time. The filing of a petition to revoke will not automatically stay the transaction. Petitions for stay must be filed no later than July 20, 2007 (at least 7 days before the exemption becomes effective). An original and 10 copies of all pleadings, referring to STB Finance Docket No. 35056, must be filed with the Surface Transportation Board, 395 E Street, SW., Washington, DC 20423– 0001. In addition, one copy of each pleading must be served on Karl Morell, Of Counsel, Ball Janik LLP, 1455 F Street, NW., Suite 225, Washington, DC 20005. Board decisions and notices are available on our Web site at: http:// www.stb.dot.gov. Decided: July 3, 2007. By the Board, David M. Konschnik, Director, Office of Proceedings. Vernon A. Williams, Secretary. [FR Doc. E7–13355 Filed 7–12–07; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Announcement 2004–46 Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. pwalker on PROD1PC71 with NOTICES AGENCY: SUMMARY: The Department of the Treasury, 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 proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Pub. L. 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning Announcement 2004–4, Son of Boss Settlement Initiative. Written comments should be received on or before September 11, 2007 to be assured of consideration. DATES: VerDate Aug<31>2005 19:05 Jul 12, 2007 Jkt 211001 Direct all written comments to: R. Joseph Durbala, Internal Revenue Service, Room 6516, 1111 Constitution Avenue, NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the regulations should be directed to: Larnice Mack at Internal Revenue Service, Room 6512, 1111 Constitution Avenue, NW., Washington, DC 20224, or at (202) 622–3179, or through the Internet at: (Larnice.Mack@irs.gov). ADDRESSES: minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Approved: July 2, 2007. R. Joseph Durbala, IRS Reports Clearance Officer. [FR Doc. E7–13625 Filed 7–12–07; 8:45 am] BILLING CODE 4830–01–P SUPPLEMENTARY INFORMATION: Title: Son of Boss Settlement Initiative. OMB Number: 1545–1885. Notice Number: Announcement 2004–46. Abstract: Announcement 2004–46 offers settlement to certain taxpayers that participated in the transaction for efficient tax administration reasons and to avoid prolonged litigation. Current Actions: There are no changes being made to the announcement at this time. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations, and individuals. Estimated Number of Respondents: 1000. Estimated Time Per Respondent: 5 hours. Estimated Total Annual Burden Hours: 5000. The following paragraph applies to all of the collections of information covered by this notice: An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number. Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103. Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency’s estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to PO 00000 Frm 00107 Fmt 4703 Sfmt 4703 DEPARTMENT OF THE TREASURY Internal Revenue Service [CO–88–90] Proposed Collection; Comment Request for Regulation Project Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: SUMMARY: The Department of the Treasury, 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 proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning an existing final regulation, CO–88–90 (TD 8530), Limitation on Net Operating Loss Carryforwards and Certain Built-In Losses Following Ownership Change; Special Rule for Value of a loss Corporation Under the Jurisdiction of a Court in a Title 11 Case (Section 1.382– 9). DATES: Written comments should be received on or before September 11, 2007 to be assured of consideration. ADDRESSES: Direct all written comments to R. Joseph Durbala, Internal Revenue Service, room 6516, 1111 Constitution Avenue NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the regulations should be directed to Larnice Mack at Internal Revenue Service, room 6512, 1111Constitution Avenue NW., Washington, DC 20224, or at (202)622– 3179, or through the Internet at Larnice.Mack@irs.gov. SUPPLEMENTARY INFORMATION: Title: Limitation on Net Operating Loss Carryforwards and Certain Built-In E:\FR\FM\13JYN1.SGM 13JYN1

Agencies

[Federal Register Volume 72, Number 134 (Friday, July 13, 2007)]
[Notices]
[Pages 38655-38656]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-13355]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Finance Docket No. 35056]


John C. Nolan, Penn Eastern Rail Lines, Inc., and East Penn 
Railways, Inc.-Corporate Family Transaction Exemption

    John C. Nolan, a noncarrier individual (Mr. Nolan), Penn Eastern 
Rail Lines, Inc. (PRL), and East Penn Railways, Inc. (EPRY), jointly 
have filed a verified notice of exemption under 49 CFR 1180.2(d)(3) for 
a transaction within a corporate family. Mr. Nolan currently controls 
PRL and EPRY, which are Class III rail carriers operating in 
Pennsylvania and Delaware.\1\ As part of the proposed transaction, Mr. 
Nolan will merge PRL and EPRY into East Penn Railroad, LLC (EPLLC), 
which he also controls, with EPLLC being the surviving corporation.
---------------------------------------------------------------------------

    \1\ See John C. Nolan-Control Exemption-Penn Eastern Rail Lines, 
Inc., STB Finance Docket No 34322 (STB served July 22, 2002).
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    The transaction is scheduled to be consummated on or shortly after 
July 27, 2007, the effective date of the exemption.
    The purpose of the transaction is to simplify the corporate 
structure of Mr. Nolan's railroads and eliminate costs associated with 
separate accounting, tax, bookkeeping, and reporting functions.
    This is a transaction within a corporate family of the type 
specifically exempted from prior review and approval under 49 CFR 
1180.2(d)(3). The parties state that the transaction will not result in 
adverse changes in service levels, significant operational changes, or 
a change in the competitive balance with carriers outside the corporate 
family.
    Under 49 U.S.C. 10502(g), the Board may not use its exemption 
authority to relieve a rail carrier of its statutory obligation to 
protect the interests of its employees. Section 11326(c), however, does 
not provide for labor protection for

[[Page 38656]]

transactions under sections 11324 and 11325 that involve only Class III 
rail carriers. Accordingly, the Board may not impose labor protective 
conditions here, because all of the carriers involved are Class III 
carriers.
    If the notice contains false or misleading information, the 
exemption is void ab initio. Petitions to revoke the exemption under 49 
U.S.C. 10502(d) may be filed at any time. The filing of a petition to 
revoke will not automatically stay the transaction. Petitions for stay 
must be filed no later than July 20, 2007 (at least 7 days before the 
exemption becomes effective).
    An original and 10 copies of all pleadings, referring to STB 
Finance Docket No. 35056, must be filed with the Surface Transportation 
Board, 395 E Street, SW., Washington, DC 20423-0001. In addition, one 
copy of each pleading must be served on Karl Morell, Of Counsel, Ball 
Janik LLP, 1455 F Street, NW., Suite 225, Washington, DC 20005.
    Board decisions and notices are available on our Web site at: 
http://www.stb.dot.gov.

    Decided: July 3, 2007.

    By the Board, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. E7-13355 Filed 7-12-07; 8:45 am]
BILLING CODE 4915-01-P