Railroad Cost of Capital-2020, 8983 [2021-02754]

Download as PDF Federal Register / Vol. 86, No. 26 / Wednesday, February 10, 2021 / Notices —Election of Chair and Vice-Chair for 2022 —Any other business —Report to the Marine Environment Protection Committee Please note: The IMO Sub-Committee may, on short notice, adjust the PPR 8 agenda to accommodate the constraints associated with the virtual meeting format. Although no changes to the agenda are anticipated, if any are necessary they will be provided to those who RSVP. Those who plan to participate may contact the meeting coordinator, Ms. Melissa Perera, by email at Melissa.E.Perera@uscg.mil, by phone at (202) 372–1446, or in writing at COMDT (CG–OES–3), ATTN: Ms. Melissa Perera, 2703 Martin Luther King Jr. Ave. SE, Stop 7509, Washington, DC 20593– 7509. Additional information regarding this and other IMO public meetings may be found at: https://www.dco.uscg.mil/ IMO. Jeremy M. Greenwood, Coast Guard Liaison Officer, Office of Ocean and Polar Affairs, Department of State. [FR Doc. 2021–02693 Filed 2–9–21; 8:45 am] BILLING CODE 4710–09–P SURFACE TRANSPORTATION BOARD [Docket No. EP 558 (Sub-No. 24)] Railroad Cost of Capital—2020 Surface Transportation Board. Notice of decision instituting a proceeding to determine the railroad industry’s 2020 cost of capital. AGENCY: ACTION: The Board is instituting a proceeding to determine the railroad industry’s cost of capital for 2020. The decision solicits comments on the following issues: The railroads’ 2020 current cost of debt capital; the railroads’ 2020 current cost of preferred equity capital (if any); the railroads’ 2020 cost of common equity capital; and the 2020 capital structure mix of the railroad industry on a market value basis. SUMMARY: Notices of intent to participate are due by March 29, 2021. Statements of the railroads are due by April 19, 2021. Statements of other interested persons are due by May 10, 2021. Rebuttal statements by the railroads are due by June 2, 2021. ADDRESSES: Comments may be filed with the Board via e-filing on the Board’s website. FOR FURTHER INFORMATION CONTACT: Pedro Ramirez at (202) 245–0333. Assistance for the hearing impaired is available through the Federal Relay Service at (800) 877–8339. SUPPLEMENTARY INFORMATION: The decision in this proceeding is posted at www.stb.gov. Authority: 49 U.S.C. 10704(a) Decided: February 4, 2021. By the Board, Board Members Begeman, Fuchs, Oberman, Primus, and Schultz. Aretha Laws-Byrum, Clearance Clerk. [FR Doc. 2021–02754 Filed 2–9–21; 8:45 am] BILLING CODE 4915–01–P SURFACE TRANSPORTATION BOARD [Docket No. FD 36476] RYAL, LLC—Modified Certificate of Public Convenience and Necessity RYAL, LLC (RYAL), a noncarrier, has filed a notice for a modified certificate of public convenience and necessity under 49 CFR part 1150 subpart C— Modified Certificate of Public Convenience and Necessity, for RYAL to lease and operate over an approximately 26-mile rail line owned by the Port of Royal Slope (the Port), a Washington State municipal corporation, which (1) originates at milepost 1989.06, near Othello, Adams County, Wash., and continues west for 20.44 miles to milepost 2009, at Royal City Junction, Grant County, Wash.; and (2) proceeds north a distance of 5.2 miles, terminating at an industrial siding at milepost 5.2 near Royal City, Grant County, Wash. (the Line).1 RYAL states that the Line was authorized for abandonment by a decision of the Interstate Commerce Commission in Docket No. AB 7 (SubNo. 86) served on January 30, 1980, but the abandonment was not consummated. According to RYAL, the Line was sold to the Port in 1982 for continued rail service 2 and was most recently leased to WRL, LLC (WRL), pursuant to a modified rail certificate. (Notice 1, 3–4.) See WRL, LLC— Modified Rail Certificate of Pub. Convenience & Necessity—Adams & DATES: VerDate Sep<11>2014 18:53 Feb 09, 2021 Jkt 253001 1 The notice indicates that RYAL is wholly owned by Paul Didelius (Didelius), an individual and noncarrier. In a related proceeding, Didelius filed a verified notice of exemption to continue in control of RYAL upon its becoming a Class III carrier. See Didelius—Continuance in Control Exemption—RYAL, LLC, FD 36477 (STB served January 28, 2021). 2 RYAL also states that the Line ‘‘came under the control’’ of Sunfresh, Inc., the guarantor of a Federal Railroad Administration loan upon which the Port defaulted, in 1992; was purchased by the Washington State Department of Transportation in 1993; and was reacquired by the Port in 2015. (Notice 3–4.) PO 00000 Frm 00102 Fmt 4703 Sfmt 4703 8983 Grant Cntys., Wash., FD 36002 (STB served June 3, 2016). According to the notice, RYAL and the Port have entered into an Operating Lease Agreement, dated December 17, 2020. Furthermore, RYAL states that the Port has agreed to accept RYAL’s assumption of WRL’s lease, to be effective upon the renewal of the lease on February 12, 2021. (Notice 4.) The Line qualifies for a modified certificate of public convenience and necessity. See Common Carrier Status of States, State Agencies & Instrumentalities & Pol. Subdivs., FD 28990F (ICC served July 16, 1981); 49 CFR 1150.22. RYAL states that no subsidy is involved and that there will be no preconditions that shippers must meet to receive service. (Notice 5.) RYAL’s notice also includes a certificate of liability insurance coverage.3 (Notice Ex. D.) This notice will be served on the Association of American Railroads (Car Service Division), as agent for all railroads subscribing to the car-service and car-hire agreement, at 425 Third Street SW, Suite 1000, Washington, DC 20024; and on the American Short Line and Regional Railroad Association at 50 F Street NW, Suite 500, Washington, DC 20001. Board decisions and notices are available at www.stb.gov. Decided: February 5, 2021. By the Board, Allison C. Davis, Director, Office of Proceedings. Jeffrey Herzig, Clearance Clerk. [FR Doc. 2021–02766 Filed 2–9–21; 8:45 am] BILLING CODE 4915–01–P SUSQUEHANNA RIVER BASIN COMMISSION Grandfathering (GF) Registration Notice Susquehanna River Basin Commission. ACTION: Notice. AGENCY: This notice lists Grandfathering Registration for projects by the Susquehanna River Basin Commission during the period set forth in DATES. DATES: January 1–31, 2021. ADDRESSES: Susquehanna River Basin Commission, 4423 North Front Street, Harrisburg, PA 17110–1788. FOR FURTHER INFORMATION CONTACT: Jason E. Oyler, General Counsel and SUMMARY: 3 On January 21, 2021, RYAL filed a supplemental proof of insurance. E:\FR\FM\10FEN1.SGM 10FEN1

Agencies

[Federal Register Volume 86, Number 26 (Wednesday, February 10, 2021)]
[Notices]
[Page 8983]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-02754]


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SURFACE TRANSPORTATION BOARD

[Docket No. EP 558 (Sub-No. 24)]


Railroad Cost of Capital--2020

AGENCY: Surface Transportation Board.

ACTION: Notice of decision instituting a proceeding to determine the 
railroad industry's 2020 cost of capital.

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SUMMARY: The Board is instituting a proceeding to determine the 
railroad industry's cost of capital for 2020. The decision solicits 
comments on the following issues: The railroads' 2020 current cost of 
debt capital; the railroads' 2020 current cost of preferred equity 
capital (if any); the railroads' 2020 cost of common equity capital; 
and the 2020 capital structure mix of the railroad industry on a market 
value basis.

DATES: Notices of intent to participate are due by March 29, 2021. 
Statements of the railroads are due by April 19, 2021. Statements of 
other interested persons are due by May 10, 2021. Rebuttal statements 
by the railroads are due by June 2, 2021.

ADDRESSES: Comments may be filed with the Board via e-filing on the 
Board's website.

FOR FURTHER INFORMATION CONTACT: Pedro Ramirez at (202) 245-0333. 
Assistance for the hearing impaired is available through the Federal 
Relay Service at (800) 877-8339.

SUPPLEMENTARY INFORMATION: The decision in this proceeding is posted at 
www.stb.gov.

    Authority: 49 U.S.C. 10704(a)

    Decided: February 4, 2021.

    By the Board, Board Members Begeman, Fuchs, Oberman, Primus, and 
Schultz.
Aretha Laws-Byrum,
Clearance Clerk.
[FR Doc. 2021-02754 Filed 2-9-21; 8:45 am]
BILLING CODE 4915-01-P
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