[Federal Register Volume 60, Number 24 (Monday, February 6, 1995)]
[Notices]
[Page 7071]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-2853]



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INTERSTATE COMMERCE COMMISSION
[Finance Docket No. 32654]


Toledo, Peoria & Western Railway Corporation--Trackage Rights 
Exemption--Peoria and Pekin Union Railway Co.

    Peoria and Pekin Union Railway Company (P&PU) has agreed to grant 
overhead trackage rights to Toledo, Peoria & Western Railway 
Corporation (TP&W), over 4.7 miles of P&PU's rail line between TP&W 
milepost 109.4 at East Peoria, IL, and TP&W milepost 113.9 at Peoria, 
IL. The purpose of this transaction is to enable TP&W to connect its 
eastern rail lines between Logansport, IN, and East Peoria, IL, with 
its western rail lines between Peoria and Fort Madison, IA. The 
trackage rights were to become effective on or after January 27, 
1995.1

    \1\P&PU canceled a prior trackage rights agreement on February 
9, 1993, and asked the Commission to set the compensation for TP&W's 
continued use of the trackage rights. The parties subsequently 
entered into the agreement that is the subject of this notice. 
Accordingly, the compensation proceeding is being held in abeyance 
and will be dismissed on July 25, 1995, if no party requests further 
action. See Toledo, Peoria & Western Railway Corp.--Trackage Rights 
Compensation--Peoria and Pekin Union Railway Company, Finance Docket 
No. 26476 (Sub-No. 1) (ICC served Jan. 25, 1995).
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    This notice is filed under 49 CFR 1180.2(d)(7). If the notice 
contains false or misleading information, the exemption is void ab 
initio. 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 stay 
the transaction. Pleadings must be filed with the Commission and served 
on: Karl Morell, Suite 1035, 1101 Pennsylvania Avenue, NW., Washington, 
DC 20004.
    As a condition to the use of this exemption, any employees 
adversely affected by the trackage rights will be protected under 
Norfolk and Western Ry. Co--Trackage Rights--BN, 354 I.C.C. 605 (1978), 
as modified in Mendocino Coast Ry., Inc.--Lease and Operate, 360 I.C.C. 
653 (1980).

    Decided: January 31, 1995.

    By the Commission, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 95-2853 Filed 2-3-95; 8:45 am]
BILLING CODE 7035-01-P