2011-28748. Railroad Revenue Adequacy-2010 Determination

AGENCY:

Surface Transportation Board, DOT.

ACTION:

Notice of decision.

SUMMARY:

On November 3, 2011, the Board served a decision announcing the 2010 revenue adequacy determinations for the Nation's Class I railroads. One carrier, Union Pacific Railroad Company, was found to be revenue adequate.

DATES:

Effective Date: This decision is effective on November 3, 2011.

FOR FURTHER INFORMATION CONTACT:

Paul Aguiar, [phone]. Assistance for the hearing impaired is available through Federal Information Relay Service (FIRS) at [phone].

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 2010, determined to be 11.03% in Railroad Cost of Capital—2010, Docket No. 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.

The decision in this proceeding is posted on the Board's Web site at http://www.stb.dot.gov. Copies of the decision may be purchased by contacting the Office of Public Assistance, Governmental Affairs, and Compliance at [phone]. Assistance for the hearing impaired is available through FIRS at [phone].

This action will not significantly affect either the quality of the human environment or the conservation of energy resources.

Decided: November 2, 2011.

By the Board, Chairman Elliott, Vice Chairman Begeman, and Commissioner Mulvey.

Jeffrey Herzig,

Clearance Clerk.