Railroad Cost Recovery Procedures-Productivity Adjustment, 16575 [2010-7270]
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Federal Register / Vol. 75, No. 62 / Thursday, April 1, 2010 / Notices
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February 18, 2010, the FAA published
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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 https://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
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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 https://
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
(https://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]
-----------------------------------------------------------------------
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.
-----------------------------------------------------------------------
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 https://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
