[Federal Register Volume 60, Number 161 (Monday, August 21, 1995)]
[Notices]
[Pages 43475-43476]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-20633]



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INTERSTATE COMMERCE COMMISSION

[Ex Parte No. 524]


Railroad Revenue Adequacy--1994 Determination

AGENCY: Interstate Commerce Commission.

ACTION: Notice of decision.

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SUMMARY: On August 18, 1995, the Commission served a decision 
announcing the 1994 revenue adequacy determinations for the Nation's 
class I railroads. One carrier (Illinois Central Railroad Company) is 
found to be revenue adequate. The remaining class I carriers are found 
to be revenue inadequate.

EFFECTIVE DATE: This decision is effective August 18, 1995.

FOR FURTHER INFORMATION CONTACT:
Leonard J. Blistein, (202) 927-6171. [TDD for the hearing impaired: 
(202) 927-5721.]

SUPPLEMENTARY INFORMATION: This annual determination of railroad 

[[Page 43476]]
revenue adequacy is made in accordance with the standards developed in 
Standards for Railroad Revenue Adequacy, 364 I.C.C. 803 (1981), as 
modified in Standards for Railroad Revenue Adequacy, 3 I.C.C.2d 261 
(1986), and Supplemental Reporting of Consolidated Information for 
Revenue Adequacy Purposes, 5 I.C.C.2d 65 (1988). It also incorporates 
modifications made in Railroad Revenue Adequacy--1988 Determination, 6 
I.C.C.2d 933 (1990). This decision applies the rate of return standard 
to data for the year 1994.
    A railroad will be 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 1994, 
determined to be 12.2 percent in Railroad Cost of Capital--1994, served 
May 25, 1995. In this proceeding, the Commission applied the revenue 
adequacy standards to each class I railroad, and it found that only 
Illinois Central was revenue adequate.
    Additional information is contained in the Commission's formal 
decision. To purchase a copy of the full decision, write to, call, or 
pick up in person from: Dynamic Concepts, Inc., Room 2229, Interstate 
Commerce Commission Building, 1201 Constitution Avenue NW., Washington, 
DC 20423. Telephone: (202) 289-4357/4359. [Assistance for the hearing 
impaired is available through TDD services (202) 927-5721.]

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. 603(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 
by the Commission. No new reporting or other regulatory requirements 
are imposed, directly or indirectly, on small entities.

    Decided: August 8, 1995.

    By the Commission, Chairman Morgan, Vice Chairman Owen, and 
Commissioners Simmons and McDonald.
Vernon A. Williams,
Secretary.
[FR Doc. 95-20633 Filed 8-18-95; 8:45 am]
BILLING CODE 7035-01-M