[Federal Register Volume 61, Number 140 (Friday, July 19, 1996)]
[Notices]
[Page 37793]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-18360]
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DEPARTMENT OF TRANSPORTATION
[STB Ex Parte No. 552]
Railroad Revenue Adequacy--1995 Determination
AGENCY: Surface Transportation Board.
ACTION: Notice of decision.
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SUMMARY: On July 19, 1996, the Board served a decision announcing the
1995 revenue adequacy determinations for the Nation's Class I
railroads. Three carriers (Illinois Central Railroad Company, Norfolk
Southern Railroad Company, and Union Pacific Railroad Company) are
found to be revenue adequate. The remaining Class I carriers are found
to be revenue inadequate.
EFFECTIVE DATE: This decision is effective July 19, 1996.
FOR FURTHER INFORMATION CONTACT: Leonard J. Blistein, (202) 927-6171.
[TDD for the hearing impaired: (202) 927-5721.]
SUPPLEMENTARY INFORMATION: The Board is required to make an annual
determination of railroad revenue adequacy. 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 1995, determined to be 11.7% in
Railroad Cost of Capital--1995, Ex Parte No. 523 (Sub. No. 1) (STB
served Jun. 5, 1996). In this proceeding, the Board applied the revenue
adequacy standards to each Class I railroad, and it found that three
carriers, Illinois Central Railroad Company, Norfolk Southern Railroad
Company, and Union Pacific Railroad Company, were revenue adequate.
Additional information is contained in the Board's formal decision.
To purchase a copy of the full decision, write to, call, or pick up in
person from: DC NEWS & DATA, INC., Room 2229, 1201 Constitution Avenue,
N.W., 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
previously made by the Interstate Commerce Commission. No new reporting
or other regulatory requirements are imposed, directly or indirectly,
on small entities.
Decided: July 10, 1996.
By the Board, Chairman Morgan, Vice Chairman Simmons, and
Commissioner Owen.
Vernon A. Williams,
Secretary.
[FR Doc. 96-18360 Filed 7-18-96; 8:45 am]
BILLING CODE 4915-00-P
