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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

STB ID: [STB Ex Parte No. 558 (Sub-No. 7)]

NOTICE: NOTICES

ACTION: Rail carriers:

DOCUMENT ACTION: Notice of decision instituting a proceeding to determine the railroads' 2003 cost of capital.

SUBJECT CATEGORY: Railroad Cost of Capital--2003

DATES: Notices of intent to participate are due no later than January 12, 2004. Statements of the railroads are due by March 29, 2004. Statements of other interested persons are due by April 26, 2004. Rebuttal statements by the railroads are due by May 17, 2004.

DOCUMENT SUMMARY: The Board is instituting a proceeding to determine the railroad industry's cost of capital for 2003. The decision solicits comments on: (1) The railroads' 2003 current cost of debt capital; (2) the railroads' 2003 current cost of preferred stock equity capital; (3) the railroads' 2003 cost of common stock equity capital; and (4) the 2003 capital structure mix of the railroad industry on a market value basis.

SUMMARY: Cost of capital—; Railroad industry's 2003 decision,

SUPPLEMENTAL INFORMATION

The Board's decision is posted on the [[Page 69130]]
http://www.stb.dot.gov. In addition, copies of the decision may be purchased from ASAP Document Solutions by calling 2022937878 (assistance for the hearing impaired is available through FIRS at 18008778339), or by visiting Suite 405, 1925 K Street, NW., Washington, DC 20006, or by email at asapdoc@verizon.net.

We preliminarily conclude that the proposed action will not significantly affect either the quality of the human environment or the conservation of energy resources.

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

Decided: December 4, 2004.

By the Board, Chairman Nober.
Vernon A. Williams,
Secretary.
[FR Doc. 0330620 Filed 121003; 8:45 am]
BILLING CODE 491500P

FOR FURTHER INFORMATION CONTACT Leonard J. Blistein, (202) 565-1529. (Federal Information Relay Service (FIRS) for the hearing impaired: 1 (800) 8778339.)