[Federal Register Volume 77, Number 202 (Thursday, October 18, 2012)]
[Notices]
[Pages 64185-64186]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-25665]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[Docket No. EP 552 (Sub-No. 16)]


Railroad Revenue Adequacy--2011 Determination

AGENCY: Surface Transportation Board.

ACTION: Notice of decision.

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SUMMARY: On October 16, 2012, the Board served a decision announcing 
the 2011 revenue adequacy determinations for the Nation's Class I 
railroads. Two carriers, Norfolk Southern Combined Railroad 
Subsidiaries and Union Pacific Railroad Company, were found to be 
revenue adequate.

DATES: Effective Date: This decision is effective on October 16, 2012.

FOR FURTHER INFORMATION CONTACT: Paul Aguiar, (202) 245-0323. 
Assistance for the hearing impaired is available through Federal 
Information Relay Service (FIRS) at (800) 877-8339.

SUPPLEMENTARY 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 equal to at least the current cost of capital 
for the railroad industry for 2011, determined to be 11.57% in Railroad 
Cost of Capital--2011, Docket No. EP 558 (Sub-No. 15) (STB served Sept. 
13, 2012). This revenue adequacy standard was applied to each Class I 
railroad. Two carriers, Norfolk Southern Combined Railroad Subsidiaries 
and Union Pacific Railroad Company, were found to be revenue adequate 
for 2011.

[[Page 64186]]

    The decision in this proceeding is posted on the Board's Web site 
at www.stb.dot.gov. Copies of the decision may be purchased by 
contacting the Office of Public Assistance, Governmental Affairs, and 
Compliance at (202) 245-0238. Assistance for the hearing impaired is 
available through FIRS at (800) 877-8339.
    This action will not significantly affect either the quality of the 
human environment or the conservation of energy resources.

    Decided: October 15, 2012.

    By the Board, Chairman Elliott, Vice Chairman Mulvey, and 
Commissioner Begeman.
Derrick A. Gardner,
Clearance Clerk.
[FR Doc. 2012-25665 Filed 10-17-12; 8:45 am]
BILLING CODE 4915-01-P