Federal Register: October 26, 2009 (Volume 74, Number 205)
DOCID: fr26oc09-137 FR Doc E9-25478
DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
STB ID: [STB Ex Parte No. 552 (Sub-No. 13)]
NOTICE: NOTICES
DOCID: fr26oc09-137
ACTION: Construction and Operation Exemptions:
DOCUMENT ACTION: Notice of decision.
SUBJECT CATEGORY:
Railroad Revenue Adequacy--2008 Determination
DATES: Effective Date: This decision is effective on October 26, 2009. FOR FURTHER INFORMATION, CONTACT: Paul Aguiar, (202) 2450323. Assistance for the hearing impaired is available through the Federal Information Relay Service (FIRS) at: (800) 8778339.
DOCUMENT SUMMARY:
On October 26, 2009, the Board served a decision announcing the 2008 revenue adequacy determinations for the Nation's Class I railroads. One carrier, Norfolk Southern Railway Company, is found to be revenue adequate.
SUMMARY:
Railroad Revenue Adequacy–2008 Determination
SUPPLEMENTAL INFORMATION
The Board is required to make an annual [[Page 55087]]
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 2008, the railroad industry's
cost of capital was determined to be 11.75%. See Railroad Cost of
Capital2008, STB Ex Parte No. 558 (SubNo. 12) (STB served Sept. 25,
2009). This revenue adequacy figure was compared with ROI data from
each Class I railroad, and one carrier was found to be revenue adequate for 2008.
The Board's decision in this proceeding is posted on the Board's Web site at http://www.stb.dot.gov under ``ELibrary,'' and ``Decisions & Notices.''
This action will not significantly affect either the quality of the human environment or the conservation of energy resources.
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: October 16, 2009.
Jeffrey Herzig,
Clearance Clerk.
[FR Doc. E925478 Filed 102309; 8:45 am]
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