Railroad Cost of Capital-2008, 10646 [E9-5138]
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10646
Federal Register / Vol. 74, No. 46 / Wednesday, March 11, 2009 / Notices
consummation has not been effected by
NSR’s filing of a notice of
consummation by March 11, 2010, and
there are no legal or regulatory barriers
to consummation, the authority to
abandon will automatically expire.
Board decisions and notices are
available on our Web site at https://
www.stb.dot.gov.
Decided: February 27, 2009.
By the Board, David M. Konschnik,
Director, Office of Proceedings.
Jeffrey Herzig,
Clearance Clerk.
[FR Doc. E9–4878 Filed 3–10–09; 8:45 am]
BILLING CODE 4915–01–P
DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[STB Ex Parte No. 558 (Sub-No. 12)]
Railroad Cost of Capital—2008
AGENCY:
Surface Transportation Board,
DOT.
Notice of decision instituting a
proceeding to determine the railroads’
2008 cost of capital.
rwilkins on PROD1PC63 with NOTICES
ACTION:
SUMMARY: The Board is instituting a
proceeding to determine the railroad
industry’s cost of capital for 2008. The
decision solicits comments on: (1) The
railroads’ 2008 current cost of debt
capital; (2) the railroads’ 2008 current
cost of preferred stock equity capital (if
any); (3) the railroads’ 2008 cost of
common stock equity capital; and (4)
the 2008 capital structure mix of the
railroad industry on a market value
basis. Comments should focus on the
various cost of capital components
listed above using the same
methodology followed in the Cost 07
decision, with the exception of applying
the Ex Parte No. 664 (Sub No. 1)
decision in calculating the cost-ofequity.
DATES: Notices of intent to participate
are due no later than March 20, 2009.
Statements of the railroads are due by
April 20, 2009. Statements of other
interested persons are due by May 20,
2009. Rebuttal statements by the
railroads are due by June 19, 2009.
ADDRESSES: Comments may be
submitted either via the Board’s e-filing
format or in the traditional paper
format. Any person using e-filing should
submit a document and otherwise
comply with the instructions at the EFILING link on the Board’s Web site, at
https://www.stb.dot.gov. Any person
submitting a filing in the traditional
paper format should send an original
and 10 copies to: Surface Transportation
VerDate Nov<24>2008
17:01 Mar 10, 2009
Jkt 217001
Board, Attn: STB Ex Parte No. 558 (Sub
No. 12), 395 E Street, SW., Washington,
DC 20423–0001.
FOR FURTHER INFORMATION CONTACT:
Pedro Ramirez (202) 245–0333.
[Assistance for the hearing impaired is
available through the Federal
Information Relay Service (FIRS) at 1–
800–877–8339.]
SUPPLEMENTARY INFORMATION: The
Board’s decision is posted on the
Board’s Web site, https://
www.stb.dot.gov. In addition, copies of
the decision may be purchased by
contacting the office of Public
Assistance, Governmental Affairs, and
Compliance at (202)–245–0235.
Assistance for the hearing impaired is
available through FIRS at 1–800–877–
8339.
We preliminarily conclude that the
proposed action will not significantly
affect either the quality of the human
environment or the conservation of
energy resources.
Authority: 49 U.S.C. 10704(a).
Decided: March 5, 2009.
By the Board, Chairman Nottingham, Vice
Chairman Mulvey, and Commissioner
Buttrey.
Kulunie L. Cannon,
Clearance Clerk.
[FR Doc. E9–5138 Filed 3–10–09; 8:45 am]
BILLING CODE 4915–01–P
DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[STB Finance Docket No. 34554 (Sub-No.
11)]
Union Pacific Railroad Company—
Temporary Trackage Rights
Exemption—BNSF Railway Company
AGENCY:
Surface Transportation Board,
DOT.
ACTION:
Partial revocation of exemption.
SUMMARY: The Board, under 49 U.S.C.
10502, revokes the class exemption as it
pertains to the modified trackage rights
described in STB Finance Docket No.
34554 (Sub-No. 10) 1 to permit the
1 On December 23, 2008, Union Pacific Railroad
Company (UP) concurrently filed a verified notice
of exemption under the Board’s class exemption
procedures at 49 CFR 1180.2(d)(7). The notice
covered the agreement by BNSF Railway Company
(BNSF) to extend the expiration date of the local
trackage rights granted to UP over BNSF’s line of
railroad between BNSF milepost 579.3 near Mill
Creek, OK, and BNSF milepost 631.1 near Joe
Junction, TX, a distance of approximately 51 miles.
UP submits that the trackage rights are only
temporary rights, but, because they are ‘‘local’’
rather than ‘‘overhead’’ rights, they do not qualify
for the Board’s class exemption for temporary
trackage rights under 49 CFR 1180.2(d)(8). See
PO 00000
Frm 00119
Fmt 4703
Sfmt 4703
trackage rights to expire on or about
December 31, 2009, in accordance with
the agreement of the parties,2 subject to
the employee protective conditions set
forth in Oregon Short Line R. Co.—
Abandonment—Goshen, 360 I.C.C. 91
(1979).
DATES: This exemption is effective on
April 10, 2009. Petitions to stay must be
filed by March 23, 2009. Petitions to
reopen must be filed by March 31, 2009.
ADDRESSES: An original and 10 copies of
all pleadings referring to STB Finance
Docket No. 34554 (Sub-No. 11) must be
filed with the Surface Transportation
Board, 395 E Street, SW., Washington,
DC 20423–0001. In addition, a copy of
all pleadings must be served on
petitioner’s representative: Gabriel S.
Meyer, Union Pacific Railroad
Company, 1400 Douglas Street, STOP
1580, Omaha, NE 68179.
FOR FURTHER INFORMATION CONTACT: Julia
Farr (202) 245–0359. [Assistance for the
hearing impaired is available through
the Federal Information Relay Service
(FIRS) at 1–800–877–8339.]
SUPPLEMENTARY INFORMATION:
Additional information is contained in
the Board’s decision.
Union Pacific Railroad Company—Temporary
Trackage Rights Exemption—BNSF Railway
Company, STB Finance Docket No. 34554 (Sub-No.
10) (STB served Jan. 8, 2009).
2 The trackage rights were originally granted in
Union Pacific Railroad Company—Temporary
Trackage Rights Exemption—The Burlington
Northern and Santa Fe Railway Company, STB
Finance Docket No. 34554 (STB served Oct. 7,
2004). Subsequently, the parties filed notices of
exemption several times based on their agreements
to extend expiration dates of the same trackage
rights. See STB Finance Docket No. 34554 (Sub-No.
2) (decision served February 11, 2005); STB Finance
Docket No. 34554 (Sub-No. 4) (decision served
March 3, 2006); STB Finance Docket No. 34554
(Sub-No. 6) (decision served January 12, 2007); and
STB Finance Docket No. 34554 (Sub-No. 8)
(decision served January 4, 2008). Because the
original and subsequent trackage rights notices were
filed under the class exemption at 49 CFR
1180.2(d)(7), under which trackage rights normally
remain effective indefinitely, in each instance the
Board granted partial revocation of the class
exemption to permit the authorized trackage rights
to expire. See STB Finance Docket No. 34554 (SubNo. 1) (decision served November 24, 2004); STB
Finance Docket No. 34554 (Sub-No. 3) (decision
served March 25, 2005); STB Finance Docket No.
34554 (Sub-No. 5) (decision served March 23,
2006); STB Finance Docket No. 34554 (Sub-No. 7)
(decision served March 13, 2007); and STB Finance
Docket No. 34554 (Sub-No. 9) (decision served
March 20, 2008). At the time of the extension
authorized in STB Finance Docket No. 34554 (SubNo. 8), the parties anticipated that the authority to
allow the rights to expire would be exercised by
December 31, 2008. However, the parties filed on
December 23, 2008 in STB Finance Docket No.
34554 (Sub-No. 10) their most recent notice of
exemption so that the trackage rights could be
extended to December 31, 2009, and in STB
Finance Docket No. 34554 (Sub-No. 11) their latest
petition to partially revoke the class exemption to
permit expiration, which we are addressing here.
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]]>Agencies
[Federal Register Volume 74, Number 46 (Wednesday, March 11, 2009)]
[Notices]
[Page 10646]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-5138]
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DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[STB Ex Parte No. 558 (Sub-No. 12)]
Railroad Cost of Capital--2008
AGENCY: Surface Transportation Board, DOT.
ACTION: Notice of decision instituting a proceeding to determine the
railroads' 2008 cost of capital.
-----------------------------------------------------------------------
SUMMARY: The Board is instituting a proceeding to determine the
railroad industry's cost of capital for 2008. The decision solicits
comments on: (1) The railroads' 2008 current cost of debt capital; (2)
the railroads' 2008 current cost of preferred stock equity capital (if
any); (3) the railroads' 2008 cost of common stock equity capital; and
(4) the 2008 capital structure mix of the railroad industry on a market
value basis. Comments should focus on the various cost of capital
components listed above using the same methodology followed in the Cost
07 decision, with the exception of applying the Ex Parte No. 664 (Sub
No. 1) decision in calculating the cost-of-equity.
DATES: Notices of intent to participate are due no later than March 20,
2009. Statements of the railroads are due by April 20, 2009. Statements
of other interested persons are due by May 20, 2009. Rebuttal
statements by the railroads are due by June 19, 2009.
ADDRESSES: Comments may be submitted either via the Board's e-filing
format or in the traditional paper format. Any person using e-filing
should submit a document and otherwise comply with the instructions at
the E-FILING link on the Board's Web site, at https://www.stb.dot.gov.
Any person submitting a filing in the traditional paper format should
send an original and 10 copies to: Surface Transportation Board, Attn:
STB Ex Parte No. 558 (Sub No. 12), 395 E Street, SW., Washington, DC
20423-0001.
FOR FURTHER INFORMATION CONTACT: Pedro Ramirez (202) 245-0333.
[Assistance for the hearing impaired is available through the Federal
Information Relay Service (FIRS) at 1-800-877-8339.]
SUPPLEMENTARY INFORMATION: The Board's decision is posted on the
Board's Web site, https://www.stb.dot.gov. In addition, copies of the
decision may be purchased by contacting the office of Public
Assistance, Governmental Affairs, and Compliance at (202)-245-0235.
Assistance for the hearing impaired is available through FIRS at 1-800-
877-8339.
We preliminarily conclude that the proposed action will not
significantly affect either the quality of the human environment or the
conservation of energy resources.
Authority: 49 U.S.C. 10704(a).
Decided: March 5, 2009.
By the Board, Chairman Nottingham, Vice Chairman Mulvey, and
Commissioner Buttrey.
Kulunie L. Cannon,
Clearance Clerk.
[FR Doc. E9-5138 Filed 3-10-09; 8:45 am]
BILLING CODE 4915-01-P
