[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] ======================================================================= ----------------------------------------------------------------------- INTERSTATE COMMERCE COMMISSION [Ex Parte No. 524] Railroad Revenue Adequacy--1994 Determination AGENCY: Interstate Commerce Commission. ACTION: Notice of decision. ----------------------------------------------------------------------- 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