[Federal Register Volume 79, Number 3 (Monday, January 6, 2014)]
[Notices]
[Pages 703-704]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-31570]
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DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[Docket No. EP 552 (Sub-No. 15)]
Railroad Revenue Adequacy--2010 Determination
AGENCY: Surface Transportation Board, DOT.
ACTION: Notice of updated decision.
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SUMMARY: On January 2, 2014, the Board served an updated decision
announcing the 2010 revenue adequacy determinations for the Nation's
Class I railroads, taking into account BNSF Railway Company's refiled
R-1 report for 2010. One carrier, Union Pacific Railroad Company, was
found to be revenue adequate.
DATES: Effective Date: This decision is effective on January 2, 2014.
FOR FURTHER INFORMATION CONTACT: Paul Aguiar, (202) 245-0323.
Assistance for the hearing impaired is available through the 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 (ROI) equal to at least the current cost of
capital for the railroad industry for 2010, determined to be 11.03% in
Railroad Cost of Capital--2010, EP 558 (Sub-No. 14) (STB served Oct. 3,
2011). This revenue adequacy standard was applied to each Class I
railroad. One carrier, Union Pacific Railroad Company, was found to be
revenue adequate for 2010.\1\
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\1\ The Board determined the revenue adequacy for 2010 of each
Class I railroad in a previous decision served in this docket on
November 3, 2011. Now that BNSF Railway Company has refiled its R-1
reports for 2010-2012 in compliance with Western Coal Traffic
League--Petition for Declaratory Order, FD 35506 (served July 25,
2013), the Board's January 2, 2014 decision reflects that filing and
includes a revised determination of BNSF's revenue adequacy for
2010. The January 2, 2014 decision also replaces the name ``Norfolk
Southern Railway Company'' with ``Norfolk Southern Combined Railroad
Subsidiaries'' and adds a footnote to accompany that change. The
November 3, 2011 decision remains unchanged in all other aspects.
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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
[[Page 704]]
environment or the conservation of energy resources.
Decided: December 31, 2013.
By the Board, Chairman Elliott, Vice Chairman Begeman, and
Commissioner Mulvey.
Jeffrey Herzig,
Clearance Clerk.
[FR Doc. 2013-31570 Filed 1-3-14; 8:45 am]
BILLING CODE 4915-01-P