Railroad Cost of Capital-2012, 13933 [2013-04728]
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Federal Register / Vol. 78, No. 41 / Friday, March 1, 2013 / Notices
milepost 6.0, near Glendive, Mont., and
milepost 0.0, at Glendive.2 The lines
traverse U.S. Postal Service Zip Codes
59212, 59217, 59221, 59222, 59226,
59330, 59242, 59247, 59254, 59257,
59258, 59263, and 59270.
In 2011, YVRR received authority to
discontinue service between milepost
6.0, near Glendive, and milepost 43.0, at
Crane.3 For that reason, YVRR states
that it no longer needs the overhead
trackage rights south of milepost 6.0.
Accordingly, YVRR seeks authority to
discontinue those rights between
milepost 6.0, near Glendive, and
milepost 0.0, at Glendive.
YVRR seeks to discontinue operations
over the leased lines so that BNSF can
once again resume operations over those
lines. Once service is discontinued over
the leased lines, YVRR states that it will
no longer have any need for the
overhead trackage rights between
milepost 78.6, on the BNSF Sidney
Subdivision near Snowden, and
milepost 0.93, on the BNSF Scobey
Subdivision, near Bainville. After the
requested discontinuance is granted,
YVRR will continue to operate as a
common carrier performing transload
and terminal switching operations on
tracks it owns in Dore, ND 4
The interest of railroad employees
will be protected by the conditions set
forth in Oregon Short Line Railroad—
Abandonment Portion Goshen Branch
Between Firth & Ammon, in Bingham &
Bonneville Counties, Idaho, 360 I.C.C.
91 (1979).
By issuance of this notice, the Board
is instituting an exemption proceeding
pursuant to 49 U.S.C. 10502(b). A final
decision will be issued by May 31,
2013.5
Because this is a discontinuance and
not an abandonment, trail use/rail
banking and public use conditions are
not appropriate. Similarly, no
environmental or historic
documentation is required under 49
CFR 1105.6(c)(2) and 1105.8(b).
mstockstill on DSK4VPTVN1PROD with NOTICES
2 YVRR
acquired the lease over the lines and the
overhead trackage rights in 2005. See Yellowstone
Valley R.R.—Lease and Operation Exemption—
BNSF Ry., FD 34737 (STB served Sept. 1, 2005).
3 See Yellowstone Valley R.R.—Discontinuance of
Service Exemption—In Dawson and Richland
Cntys., Mont., AB 991X (STB served June 28, 2011).
4 YVRR asserts that it constructed these tracks as
team tracks while leasing the lines from BNSF and
that it did not need Board authority for this project
under 49 U.S.C. 10906.
5 YVRR asks the Board to act expeditiously. The
carrier fears that it will soon start to lose employees
as a result of this discontinuance filing, which in
turn will impair its ability to provide service.
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16:40 Feb 28, 2013
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Any offer of financial assistance
(OFA) under 49 CFR 1152.27(b)(2) to
subsidize continued rail service will be
due no later than 10 days after service
of a decision granting the petition for
exemption. Each OFA must be
accompanied by the filing fee, which is
currently set at $1,600. See 49 CFR
1002.2(f)(25).
All filings in response to this notice
must refer to Docket No. AB 991 (SubNo. 1X) and must be sent to: (1) Surface
Transportation Board, 395 E Street SW.,
Washington, DC 20423–0001; and (2)
Karl Morell, 655 Fifteenth Street NW.,
Suite 225, Washington, DC 20005.
Replies to the petition are due on or
before March 21, 2013.
Persons seeking further information
concerning discontinuance procedures
may contact the Board’s Office of Public
Assistance, Governmental Affairs, and
Compliance at (202) 245–0238 or refer
to the full abandonment and
discontinuance regulations at 49 CFR
1152. Questions concerning
environmental issues may be directed to
the Board’s Office of Environmental
Analysis at (202) 245–0305. [Assistance
for the hearing impaired is available
through the Federal Information Relay
Service (FIRS) at 1–800–877–8339.]
Board decisions and notices are
available on our Web site at
www.stb.dot.gov.
Decided: February 26, 2013.
By the Board, Rachel D. Campbell,
Director, Office of Proceedings.
Jeffrey Herzig,
Clearance Clerk.
[FR Doc. 2013–04793 Filed 2–28–13; 8:45 am]
BILLING CODE 4915–01–P
DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[Docket No. EP 558 (Sub-No. 16)]
Railroad Cost of Capital—2012
AGENCY:
Surface Transportation Board,
DOT.
Notice of decision instituting a
proceeding to determine the railroad
industry’s 2012 cost of capital.
ACTION:
The Board is instituting a
proceeding to determine the railroad
industry’s cost of capital for 2012. The
decision solicits comments on the
following issues: (1) The railroads’ 2012
current cost of debt capital; (2) the
SUMMARY:
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13933
railroads’ 2012 current cost of preferred
equity capital (if any); (3) the railroads’
2012 cost of common equity capital; and
(4) the 2012 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 Railroad Cost
of Capital—2011, EP 558 (Sub-No. 15)
(STB served Sept. 13, 2012).
Notices of intent to participate
are due by March 29, 2013. Statements
of the railroads are due by April 19,
2013. Statements of other interested
persons are due by May 10, 2013.
Rebuttal statements by the railroads are
due by May 31, 2013.
DATES:
Comments may be
submitted either via the Board’s e-filing
system or in the traditional paper
format. Any person using e-filing should
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: Docket No. EP 558 (SubNo. 16), 395 E Street SW., Washington,
DC 20423–0001.
ADDRESSES:
FOR FURTHER INFORMATION CONTACT:
Pedro Ramirez at (202) 245–0333.
Assistance for the hearing impaired is
available through the Federal
Information Relay Service (FIRS) at
(800) 877–8339.
The
Board’s decision is posted on the
Board’s Web site, https://
www.stb.dot.gov. Copies of the decision
may be purchased by contacting the
Board’s Office of Public Assistance,
Governmental Affairs, and Compliance
at (202) 245–0238. Assistance for the
hearing impaired is available through
FIRS at (800) 877–8339.
This action will not significantly
affect either the quality of the human
environment of the conservation of
energy resources.
SUPPLEMENTARY INFORMATION:
Authority: 49 U.S.C. 10704(a).
Decided: February 25, 2013.
By the Board, Chairman Elliott, Vice
Chairman Begeman, and Commissioner
Mulvey.
Jeffrey Herzig,
Clearance Clerk.
[FR Doc. 2013–04728 Filed 2–28–13; 8:45 am]
BILLING CODE 4915–01–P
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[Federal Register Volume 78, Number 41 (Friday, March 1, 2013)]
[Notices]
[Page 13933]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-04728]
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DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[Docket No. EP 558 (Sub-No. 16)]
Railroad Cost of Capital--2012
AGENCY: Surface Transportation Board, DOT.
ACTION: Notice of decision instituting a proceeding to determine the
railroad industry's 2012 cost of capital.
-----------------------------------------------------------------------
SUMMARY: The Board is instituting a proceeding to determine the
railroad industry's cost of capital for 2012. The decision solicits
comments on the following issues: (1) The railroads' 2012 current cost
of debt capital; (2) the railroads' 2012 current cost of preferred
equity capital (if any); (3) the railroads' 2012 cost of common equity
capital; and (4) the 2012 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 Railroad Cost of Capital--2011, EP 558 (Sub-No. 15) (STB
served Sept. 13, 2012).
DATES: Notices of intent to participate are due by March 29, 2013.
Statements of the railroads are due by April 19, 2013. Statements of
other interested persons are due by May 10, 2013. Rebuttal statements
by the railroads are due by May 31, 2013.
ADDRESSES: Comments may be submitted either via the Board's e-filing
system or in the traditional paper format. Any person using e-filing
should 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: Docket No. EP 558 (Sub-No. 16), 395
E Street SW., Washington, DC 20423-0001.
FOR FURTHER INFORMATION CONTACT: Pedro Ramirez at (202) 245-0333.
Assistance for the hearing impaired is available through the Federal
Information Relay Service (FIRS) at (800) 877-8339.
SUPPLEMENTARY INFORMATION: The Board's decision is posted on the
Board's Web site, https://www.stb.dot.gov. Copies of the decision may be
purchased by contacting the Board's Office of Public Assistance,
Governmental Affairs, and Compliance at (202) 245-0238. Assistance for
the hearing impaired is available through FIRS at (800) 877-8339.
This action will not significantly affect either the quality of the
human environment of the conservation of energy resources.
Authority: 49 U.S.C. 10704(a).
Decided: February 25, 2013.
By the Board, Chairman Elliott, Vice Chairman Begeman, and
Commissioner Mulvey.
Jeffrey Herzig,
Clearance Clerk.
[FR Doc. 2013-04728 Filed 2-28-13; 8:45 am]
BILLING CODE 4915-01-P
