[Federal Register Volume 61, Number 144 (Thursday, July 25, 1996)]
[Notices]
[Pages 38798-38799]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-18908]


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DEPARTMENT OF TRANSPORTATION
Surface Transportation Board \1\
[STB Finance Docket No. 32981]


The Northern Vermont Railroad Company Incorporated; Acquisition 
and Operation Exemption; Lines of Canadian Pacific Limited

    The Northern Vermont Railroad Company Incorporated (NV), a 
noncarrier, has filed a notice of exemption to acquire from Canadian 
Pacific Limited, doing business as CP Rail System, approximately 86.41 
miles of rail line located in Franklin, Orleans, Caledonia, and Orange 
Counties, VT, as follows: (1) A portion of the Newport Subdivision 
between the U.S.-Canadian border crossings at milepost 26.25 and 
milepost 32.63 (running through Richford VT); (2) a portion of the 
Newport Subdivision between the border crossing at milepost 43.32 and 
the end of the subdivision at Newport (milepost 58.4); (3) the 
Lyndonville Subdivision, extending between Newport (milepost 0.0) and 
Wells River,

[[Page 38799]]

VT (milepost 63.78); and (4) a portion of the former Beebe Subdivision, 
between mileposts 39.04 and 40.21, in or near Newport, VT. The 
transaction is expected to be consummated as soon as practicable after 
the exemption is effective and all conditions precedent have been 
satisfied.2
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    \1\ The ICC Termination Act of 1995, Pub. L. 104-88, 109 Stat. 
803 (ICCTA), which was enacted on December 29, 1995, and took effect 
on January 1, 1996, abolished the Interstate Commerce Commission and 
transferred certain functions to the Surface Transportation Board 
(Board). This notice relates to functions that are subject to Board 
jurisdiction pursuant to 49 U.S.C. 10901.
    \2\ This notice of exemption was filed on June 7, 1996, and was 
scheduled to become effective 7 days later.
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    This proceeding is related to STB Finance Docket No. 32982, Iron 
Road Railways Incorporated, Benjamin F. Collins, John F. Depodesta, 
Daniel Sabin, and Robert T. Schmidt--Control Exemption--Bangor and 
Aroostook Railroad Company, Canadian American Railroad Company, Iowa 
Northern Railway Company, and The Northern Vermont Railroad Company 
Incorporated, wherein Iron Road Railways Incorporated and certain 
noncarrier individuals have filed a petition for exemption to continue 
to control NV and three other rail carriers upon NV becoming a carrier.
    Any comments must be filed with: Office of the Secretary, Case 
Control Branch, Surface Transportation Board, 1201 Constitution Avenue, 
NW., Washington, DC 20423 and applicant's representative: David A. 
Hirsh, Harkins Cunningham, 1300 19th Street, NW., Suite 600, 
Washington, DC 20036.
    This notice is filed under 49 CFR 1150.31. If the notice contains 
false or misleading information, the exemption is void ab initio. 
Petitions to revoke the exemption under 49 U.S.C. 10502(d) may be filed 
at any time. The filing of a petition to revoke will not automatically 
stay the transaction.

    Decided: July 19, 1996.

    By the Board, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 96-18908 Filed 7-24-96; 8:45 am]
BILLING CODE 4915-00-P