Railroad Revenue Adequacy-2011 Determination, 704 [2013-31571]

Download as PDF 704 Federal Register / Vol. 79, No. 3 / Monday, January 6, 2014 / Notices environment or the conservation of energy resources. Decided: December 31, 2013. By the Board, Chairman Elliott, Vice Chairman Begeman, and Commissioner Mulvey. Jeffrey Herzig, Clearance Clerk. [FR Doc. 2013–31570 Filed 1–3–14; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF TRANSPORTATION Surface Transportation Board [Docket No. EP 552 (Sub-No. 16)] Railroad Revenue Adequacy—2011 Determination AGENCY: Surface Transportation Board, DOT. ACTION: Decided: December 31, 2013. By the Board, Chairman Elliott, Vice Chairman Begeman, and Commissioner Mulvey. Jeffrey Herzig, Clearance Clerk. [FR Doc. 2013–31571 Filed 1–3–14; 8:45 am] BILLING CODE 4915–01–P Notice of updated decision. On January 2, 2014, the Board served an updated decision announcing the 2011 revenue adequacy determinations for the Nation’s Class I railroads, taking into account BNSF Railway Company’s refiled R–1 report for 2011. Three carriers, BNSF Railway Company, Norfolk Southern Combined Railroad Subsidiaries, and Union Pacific Railroad Company, were found to be revenue adequate. DATES: Effective Date: This decision is effective on January 2, 2014. FOR FURTHER INFORMATION CONTACT: Paul Aguiar, (202) 245–0323. Assistance for the hearing impaired is available through the Federal Information Relay Service (FIRS) at (800) 877–8339. SUPPLEMENTARY INFORMATION: The Board is required to make an annual determination of railroad revenue adequacy. A railroad is considered revenue adequate under 49 U.S.C. 10704(a) if it achieves a rate of return on net investment (ROI) equal to at least the current cost of capital for the railroad industry for 2011, determined to be 11.57% in Railroad Cost of Capital—2011, EP 558 (Sub-No. 15) (STB served Sept. 13, 2012). This revenue adequacy standard was applied to each Class I railroad. Three carriers, BNSF Railway Company (BNSF), Norfolk Southern Combined Railroad Subsidiaries and Union Pacific Railroad Company, were found to be revenue adequate for 2011.1 SUMMARY: mstockstill on DSK4VPTVN1PROD with NOTICES The decision in this proceeding is posted on the Board’s Web site at www.stb.dot.gov. Copies of the decision may be purchased by contacting the 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 or the conservation of energy resources. 1 The Board determined the revenue adequacy for 2011 of each Class I railroad in a previous decision served in this docket on October 16, 2012. Now that BNSF has refiled its R–1 reports for 2010–2012 in compliance with Western Coal Traffic League— Petition for Declaratory Order, FD 35506 (served July 25, 2013), the Board’s January 2, 2014 decision VerDate Mar<15>2010 17:08 Jan 03, 2014 Jkt 232001 DEPARTMENT OF THE TREASURY Internal Revenue Service 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 source of income from sales of inventory and natural resources produced in one jurisdiction and sold in another jurisdiction. DATES: Written comments should be received on or before March 7, 2014 to be assured of consideration. ADDRESSES: Direct all written comments to Yvette Lawrence, Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the regulations should be directed to Allan Hopkins, at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, reflects that filing and includes a revised determination of BNSF’s revenue adequacy for 2011. The October 16, 2012 decision remains unchanged in all other respects. PO 00000 Frm 00072 Fmt 4703 Sfmt 4703 DC 20224, or through the Internet, at Allan.M.Hopkins@irs.gov. SUPPLEMENTARY INFORMATION: Title: Source of Income From Sales of Inventory and Natural Resources Produced in One Jurisdiction and Sold in Another Jurisdiction. OMB Number: 1545–1476. Regulation Project Number: INTL–3– 95 (TD 8687). Abstract: This regulation provides rules for allocating and apportioning income from sales of natural resources or other inventory produced in the United States and sold outside the United States or produced outside the United States and sold in the United States. The information provided is used by the IRS to determine on audit whether the taxpayer has properly determined the source of its income from export sales. Current Actions: There is no change to this existing regulation. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations. Estimated Number of Respondents: 425. Estimated Time per Respondent: 2 hrs., 30 minutes. Estimated Total Annual Burden Hours: 1,063 hours. 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 minimize the burden of the collection of information on respondents, including through the use of automated collection E:\FR\FM\06JAN1.SGM 06JAN1

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[Federal Register Volume 79, Number 3 (Monday, January 6, 2014)]
[Notices]
[Page 704]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-31571]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[Docket No. EP 552 (Sub-No. 16)]


Railroad Revenue Adequacy--2011 Determination

AGENCY: Surface Transportation Board, DOT.

ACTION: Notice of updated decision.

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SUMMARY: On January 2, 2014, the Board served an updated decision 
announcing the 2011 revenue adequacy determinations for the Nation's 
Class I railroads, taking into account BNSF Railway Company's refiled 
R-1 report for 2011. Three carriers, BNSF Railway Company, Norfolk 
Southern Combined Railroad Subsidiaries, and Union Pacific Railroad 
Company, were found to be revenue adequate.

DATES: Effective Date: This decision is effective on January 2, 2014.

FOR FURTHER INFORMATION CONTACT: Paul Aguiar, (202) 245-0323. 
Assistance for the hearing impaired is available through the Federal 
Information Relay Service (FIRS) at (800) 877-8339.

SUPPLEMENTARY INFORMATION: The Board is required to make an annual 
determination of railroad revenue adequacy. A railroad is considered 
revenue adequate under 49 U.S.C. 10704(a) if it achieves a rate of 
return on net investment (ROI) equal to at least the current cost of 
capital for the railroad industry for 2011, determined to be 11.57% in 
Railroad Cost of Capital--2011, EP 558 (Sub-No. 15) (STB served Sept. 
13, 2012). This revenue adequacy standard was applied to each Class I 
railroad. Three carriers, BNSF Railway Company (BNSF), Norfolk Southern 
Combined Railroad Subsidiaries and Union Pacific Railroad Company, were 
found to be revenue adequate for 2011.\1\
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    \1\ The Board determined the revenue adequacy for 2011 of each 
Class I railroad in a previous decision served in this docket on 
October 16, 2012. Now that BNSF has refiled its R-1 reports for 
2010-2012 in compliance with Western Coal Traffic League--Petition 
for Declaratory Order, FD 35506 (served July 25, 2013), the Board's 
January 2, 2014 decision reflects that filing and includes a revised 
determination of BNSF's revenue adequacy for 2011. The October 16, 
2012 decision remains unchanged in all other respects.
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    The decision in this proceeding is posted on the Board's Web site 
at www.stb.dot.gov. Copies of the decision may be purchased by 
contacting the 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 or the conservation of energy resources.

    Decided: December 31, 2013.

    By the Board, Chairman Elliott, Vice Chairman Begeman, and 
Commissioner Mulvey.
Jeffrey Herzig,
Clearance Clerk.
[FR Doc. 2013-31571 Filed 1-3-14; 8:45 am]
BILLING CODE 4915-01-P