Railroad Cost Recovery Procedures-Productivity Adjustment, 16575 [2010-7270]

Download as PDF Federal Register / Vol. 75, No. 62 / Thursday, April 1, 2010 / Notices signing the comment for an association, business, labor union, etc. You may review DOT’s complete Privacy Act Statement in the Federal Register published on April 11, 2000 (65 FR 19477–78) or you may visit http:// Dockets Info.dot.gov. Docket: To read background documents or comments received, go to http://www.regulations.gov at any time or to Docket Operations in Room W12– 140 of the West Building Ground Floor at 1200 New Jersey Avenue, SE., Washington, DC, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. FOR FURTHER INFORMATION CONTACT: Rebecca MacPherson, Assistant Chief Counsel for Regulations, by telephone at (202) 267–3073 or be electronic mail at Rebecca.Macpherson@faa.gov. SUPPLEMENTARY INFORMATION: On February 18, 2010, the FAA published a notice in the Federal Register (75 FR 7306) seeking comment on a joint waiver request filed by Delta Air Lines and US Airways seeking a waiver from the prohibition on purchasing operating authorizations (‘‘slots’’ or ‘‘slot interest’’) at LaGuardia Airport. The comment period closed on March 22, 2010. The FAA finds it in the public interest to reopen the comment period for seven days to give all interested parties additional time to file rebuttal comments. Any rebuttal comments filed by April 5, 2010, will be considered. Issued in Washington, DC, on March 29, 2010. James W. Whitlow, Acting Chief Counsel. [FR Doc. 2010–7347 Filed 3–29–10; 4:15 pm] BILLING CODE 4910–13–P DEPARTMENT OF TRANSPORTATION Surface Transportation Board [STB Ex Parte No. 290 (Sub-No. 4)] Railroad Cost Recovery Procedures— Productivity Adjustment Surface Transportation Board. Adoption of a railroad cost recovery procedures productivity adjustment. AGENCY: mstockstill on DSKH9S0YB1PROD with NOTICES ACTION: SUMMARY: By decision served on February 1, 2010, the Board proposed to adopt 1.010 (1.0% per year) as the 2008 productivity adjustment, as measured by the average change in railroad productivity for the years 2004 through 2008. The February 1, 2010 decision provided an opportunity to file comments regarding any perceived data and computational errors in the Board’s VerDate Nov<24>2008 16:51 Mar 31, 2010 Jkt 220001 calculation. The Board’s decision also stated that the proposed productivity adjustment would become effective on March 1, 2010, unless the Board issued a further order postponing the effective date. On February 22, 2010, the Board received timely comments from the Western Coal Traffic League (WCTL) regarding the output index calculation for 2008. To allow for adequate consideration of WCTL’s comments, the Board issued a decision on February 26, 2010, postponing the effective date of the 2008 productivity adjustment pending further order of the Board. In its comments, WCTL questioned the 2008 output index as compared to the 2007 output index. In response to WCTL’s comments, we reviewed the calculations for the output indices for both of those years. This review revealed the inadvertent use of masked revenues from the waybill records in both the 2007 and 2008 calculations, and the exclusion of certain waybill records in the 2007 calculations. Once these errors were discovered and corrected, we verified that the output index calculations for the entire 2004– 2008 averaging period used unmasked revenues and did not improperly exclude waybill records. Accordingly, for the corrected 2008 productivity adjustment, the Board’s calculation of the output index for 2007 of 1.014 should be modified to 1.000, and the Board’s calculation of the output index for 2008 of 0.967 should be modified to 0.990. As a result, the corrected 5-year geometric mean of the annual change in productivity for the 2004–2008 period is 1.012 (or 1.2% per year). DATES: The productivity adjustment is effective on March 26, 2010. FOR FURTHER INFORMATION CONTACT: Michael Smith, (202) 245–0322. 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, which is available on our Web site http://www.stb.dot.gov. This action will not significantly affect either the quality of the human environment or the conservation of energy resources. Decided: March 26, 2010. By the Board, Chairman Elliott, Vice Chairman Mulvey, and Commissioner Nottingham. Jeffrey Herzig, Clearance Clerk. [FR Doc. 2010–7270 Filed 3–31–10; 8:45 am] BILLING CODE 4915–01–P PO 00000 Frm 00154 Fmt 4703 Sfmt 4703 16575 DEPARTMENT OF THE TREASURY Open Meeting of the President’s Economic Recovery Advisory Board (the PERAB) AGENCY: Departmental Offices, Department of the Treasury. ACTION: Notice of open meeting. SUMMARY: The President’s Economic Recovery Advisory Board will meet on April 16, 2010, in the White House Roosevelt Room, 1600 Pennsylvania Avenue, NW., Washington, DC, beginning at 1:30 p.m. Eastern Time. The meeting will be open to the public via live Webcast at http:// www.whitehouse.gov/live. DATES: The meeting will be held on April 16, 2010 at 1:30 p.m. Eastern Time. ADDRESSES: The PERAB will convene its next meeting in the White House Roosevelt Room, 1600 Pennsylvania Avenue, NW., Washington, DC. The public is invited to submit written statements to the Advisory Committee by any of the following methods: Electronic Statements • Send written statements to the PERAB’s electronic mailbox at PERAB@do.treas.gov; or Paper Statements • Send paper statements in triplicate to Emanuel Pleitez, Designated Federal Officer, President’s Economic Recovery Advisory Board, Office of the Under Secretary for Domestic Finance, Room 1325A, Department of the Treasury, 1500 Pennsylvania Avenue, NW., Washington, DC 20220. In general, all statements will be posted on the White House Web site (http://www.whitehouse.gov) without change, including any business or personal information provided such as names, addresses, e-mail addresses, or telephone numbers. The Department will also make such statements available for public inspection and copying in the Department’s Library, Room 1428, Main Department Building, 1500 Pennsylvania Avenue, NW., Washington, DC 20220, on official business days between the hours of 10 a.m. and 5 p.m. Eastern Time. You can make an appointment to inspect statements by telephoning (202) 622– 0990. All statements received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. You should submit only information that you wish to make available publicly. FOR FURTHER INFORMATION CONTACT: Emanuel Pleitez, Designated Federal E:\FR\FM\01APN1.SGM 01APN1

Agencies

[Federal Register Volume 75, Number 62 (Thursday, April 1, 2010)]
[Notices]
[Page 16575]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-7270]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Ex Parte No. 290 (Sub-No. 4)]


Railroad Cost Recovery Procedures--Productivity Adjustment

AGENCY: Surface Transportation Board.

ACTION: Adoption of a railroad cost recovery procedures productivity 
adjustment.

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SUMMARY: By decision served on February 1, 2010, the Board proposed to 
adopt 1.010 (1.0% per year) as the 2008 productivity adjustment, as 
measured by the average change in railroad productivity for the years 
2004 through 2008. The February 1, 2010 decision provided an 
opportunity to file comments regarding any perceived data and 
computational errors in the Board's calculation. The Board's decision 
also stated that the proposed productivity adjustment would become 
effective on March 1, 2010, unless the Board issued a further order 
postponing the effective date.
    On February 22, 2010, the Board received timely comments from the 
Western Coal Traffic League (WCTL) regarding the output index 
calculation for 2008. To allow for adequate consideration of WCTL's 
comments, the Board issued a decision on February 26, 2010, postponing 
the effective date of the 2008 productivity adjustment pending further 
order of the Board.
    In its comments, WCTL questioned the 2008 output index as compared 
to the 2007 output index. In response to WCTL's comments, we reviewed 
the calculations for the output indices for both of those years. This 
review revealed the inadvertent use of masked revenues from the waybill 
records in both the 2007 and 2008 calculations, and the exclusion of 
certain waybill records in the 2007 calculations. Once these errors 
were discovered and corrected, we verified that the output index 
calculations for the entire 2004-2008 averaging period used unmasked 
revenues and did not improperly exclude waybill records.
    Accordingly, for the corrected 2008 productivity adjustment, the 
Board's calculation of the output index for 2007 of 1.014 should be 
modified to 1.000, and the Board's calculation of the output index for 
2008 of 0.967 should be modified to 0.990. As a result, the corrected 
5-year geometric mean of the annual change in productivity for the 
2004-2008 period is 1.012 (or 1.2% per year).

DATES: The productivity adjustment is effective on March 26, 2010.

FOR FURTHER INFORMATION CONTACT: Michael Smith, (202) 245-0322. 
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, which is available on our Web site http://www.stb.dot.gov.
    This action will not significantly affect either the quality of the 
human environment or the conservation of energy resources.

    Decided: March 26, 2010.

    By the Board, Chairman Elliott, Vice Chairman Mulvey, and 
Commissioner Nottingham.
Jeffrey Herzig,
Clearance Clerk.
[FR Doc. 2010-7270 Filed 3-31-10; 8:45 am]
BILLING CODE 4915-01-P