Federal Register: May 9, 2008 (Volume 73, Number 91)
DOCID: fr09my08-133 FR Doc E8-10369
DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
STB ID: [STB Ex Parte No. 552 (Sub-No. 11)]
NOTICE: NOTICES
DOCID: fr09my08-133
DOCUMENT ACTION: Notice of decision.
SUBJECT CATEGORY:
Railroad Revenue Adequacy--2006 Determination
EFFECTIVE DATES: This decision is effective on May 6, 2008.
DOCUMENT SUMMARY:
On May 6, 2008, the Board served a decision announcing the 2006 revenue adequacy determinations for the Nation's Class I railroads. Three carriers, the BNSF Railway Company, the Norfolk Southern Railway Company and the Soo Line Railroad Company, are found to be revenue adequate.
SUMMARY:
Railroad Revenue Adequacy; 2006 Determination,
SUPPLEMENTAL 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 2006, the railroad industry's cost of capital was determined to be 9.94%. See Railroad Cost of Capital2006, STB Ex Parte No. 558 (SubNo. 10) (STB served Apr. 15, 2008). This revenue adequacy figure was compared with ROI data from each Class I railroad, and three carriers were found to be revenue adequate for 2006.
The Board's decision in this proceeding is posted on the Board's Web site at www.stb.dot.gov under ``ELibrary,'' and ``Decisions & Notices.''
Environmental and Energy Considerations
This action will not significantly affect either the quality of the human environment or the conservation of energy resources.
Regulatory Flexibility Analysis
Pursuant to 5 U.S.C. 605(b), we conclude that our action in this
proceeding will not have a significant economic impact on a substantial
number of small entities. The purpose and effect of the action is
merely to update the annual railroad industry revenue adequacy finding.
No new reporting or other regulatory requirements are imposed, directly or indirectly, on small entities.
Decided: May 1, 2008.
By the Board, Chairman Nottingham, Vice Chairman Mulvey, and Commissioner Buttrey.
Anne K. Quinlan,
Acting Secretary.
[FR Doc. E810369 Filed 5808; 8:45 am]
BILLING CODE 491501P
FOR FURTHER INFORMATION CONTACT
Paul Aguiar, (202) 245-0323. (Federal
Information Relay Service (FIRS) for the hearing impaired: 1800877 8339).
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