[Federal Register Volume 60, Number 140 (Friday, July 21, 1995)]
[Notices]
[Page 37671]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-17993]
-----------------------------------------------------------------------
INTERSTATE COMMERCE COMMISSION
[Finance Docket No. 32734]
Phillip C. Larson, Russell A. Peterson and Dennis E. Larson--
Continuance in Control Exemption--Southwest Pennsylvania Railroad
Company
Phillip C. Larson, Russell A. Peterson and Dennis E. Larson,
noncarrier individuals, have filed a notice of exemption to continue in
control of Southwest Pennsylvania Railroad Company (SWP), upon SWP
becoming a class III rail carrier. SWP, a noncarrier, has concurrently
filed notices of exemption in Finance Docket No. 32692, Southwest
Pennsylvania Railroad Company--Acquisition and Operation Exemption--
Lines of Consolidated Rail Corporation (in which SWP seeks to acquire
and operate approximately 28.35 miles of rail line owned by
Consolidated Rail Corporation in Westmoreland and Fayette Counties,
PA), and in Finance Docket No. 32737, Southwest Pennsylvania Railroad
Company--Lease and Operation Exemption--Lines of Westmoreland County
Industrial Development Corporation and Fay-Penn Land Trust (in which
SWP seeks to lease and operate approximately 9.56 miles of rail line
owned by two non-profit corporations in those same two counties). The
parties intended to consummate this transaction on or after June 28,
1995.
The above individuals control another nonconnecting class III rail
carrier: Camp Chase Industrial Railroad Corporation (CCIR), operating
in Ohio.\1\ The shareholders' ownership interest in CCIR is 14 percent
each for Phillip and Dennis Larson, and 72 percent for Russell
Peterson. Each of the individuals also owns 33\1/3\ percent of the
stock of SWP.
\1\ Notice of an acquisition and operation exemption was given
by the Commission in Camp Chase Industrial Railroad Corporation--
Acquisition and Operation Exemption--Line of Consolidated Rail
Corporation, Finance Docket No. 32581 (ICC served Oct. 21, 1994).
---------------------------------------------------------------------------
The parties state that: (1) The railroads will not connect with
each other or with any railroads in their corporate family; (2) the
continuance in control is not part of a series of anticipated
transactions that would connect the railroads with each other or any
railroad in their corporate family; and (3) the transaction does not
involve a class I carrier. The transaction is therefore exempt from the
prior approval requirements of 49 U.S.C. 11343. See 49 CFR
1180.2(d)(2).
As a condition to use of this exemption, any employees affected by
the transaction will be protected by the conditions set forth in New
York Dock Ry.--Control--Brooklyn Eastern Dist., 360 I.C.C. 60 (1979).
Petitions to revoke the exemption under 49 U.S.C. 10505(d) may be
filed at any time. The filing of a petition to revoke will not
automatically stay the transaction. Pleadings must be filed with the
Commission and served on: Keith G. O'Brien, 1920 N St., NW, Suite 420,
Washington, DC 20036.
Decided: July 13, 1995.
By the Commission, David M. Konschnik, Director, Office of
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 95-17993 Filed 7-20-95; 8:45 am]
BILLING CODE 7035-01-P
