Federal Register: April 2, 2010 (Volume 75, Number 63)
DOCID: fr02ap10-136 FR Doc 2010-7411
DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
STB ID: [STB Ex Parte No. 558 (Sub-No. 13)]
NOTICE: NOTICES
DOCID: fr02ap10-136
DOCUMENT ACTION: Notice of decision instituting a proceeding to determine the railroad industry's 2009 cost of capital.
SUBJECT CATEGORY:
Railroad Cost of Capital--2009
DATES: Notices of intent to participate are due by April 16, 2010. Statements of the railroads are due by May 17, 2010. Statements of other interested persons are due by June 15, 2010. Rebuttal statements by the railroads are due by July 15, 2010.
DOCUMENT SUMMARY:
The Board is instituting a proceeding to determine the railroad
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industry's cost of capital for 2009. The decision solicits comments on
the following narrow issues: (1) The railroads' 2009 current cost of
debt capital; (2) the railroads' 2009 current cost of preferred equity
capital (if any); (3) the railroads' 2009 cost of common equity
capital; (4) how the change in BNSF Railway Company's (BNSF's) share
prices from November 2009 through December 2009, following the
announcement of BNSF's acquisition by Berkshire Hathaway Inc., should
be considered in calculating the 2009 cost of common equity capital;
and (5) the 2009 capital structure mix of the railroad industry on a
market value basis. Comments should focus on the various cost of
capital components listed above using the same methodology followed in
Railroad Cost of Capital2008, Ex Parte No. 558 (SubNo. 12) (STB
served Sept. 25, 2009).
SUMMARY:
2009 Railroad Cost of Capital
SUPPLEMENTAL INFORMATION
The Board's decision is posted on the Board's Web site, http://www.stb.dot.gov. Copies of the decision may be purchased by contacting the Board's Office of Public Assistance, Governmental Affairs, and Compliance at (202) 2450235. Assistance for the hearing impaired is available through FIRS at 18008778339.
This 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: March 29, 2010.
By the Board, Chairman Elliott, Vice Chairman Mulvey, and Commissioner Nottingham.
Kulunie L. Cannon,
Clearance Clerk.
[FR Doc. 20107411 Filed 4110; 8:45 am]
BILLING CODE 491501P
FOR FURTHER INFORMATION CONTACT
Pedro Ramirez at (202) 245-0333. [Assistance for the hearing impaired is available through the Federal Information Relay Service (FIRS) at 18008778339.]