[Federal Register Volume 62, Number 167 (Thursday, August 28, 1997)]
[Notices]
[Page 45696]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-22960]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board
[STB Ex Parte No. 552 (Sub-No. 1)]


Railroad Revenue Adequacy--1996 Determination

AGENCY: Surface Transportation Board, DOT.

ACTION: Notice of decision.

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SUMMARY: On August 28, 1997, the Board served a decision announcing the 
1996 revenue adequacy determinations for the Nation's Class I 
railroads. Three carriers (Illinois Central Railroad Company, Norfolk 
Southern Railroad Company, and Soo Line Railroad Company) are found to 
be revenue adequate.

EFFECTIVE DATE: This decision is effective August 28, 1997.

FOR FURTHER INFORMATION CONTACT: Leonard J. Blistein, (202) 565-1529. 
(TDD for the hearing impaired: (202) 565-1695.)

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 1996, determined to be 11.9% in 
Railroad Cost of Capital--1996, STB Ex Parte No. 558 (STB served July 
16, 1997). In this proceeding, the Board applied the revenue adequacy 
standards to each Class I railroad, and it found 3 carriers, Illinois 
Central Railroad Company, Norfolk Southern Railroad Company, and Soo 
Line Railroad Company, to be 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., Suite 210, 1925 K Street, N.W., 
Washington, DC 20423. Telephone: (202) 289-4357. (Assistance for the 
hearing impaired is available through TDD services (202) 565-1695.)

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. 
No new reporting or other regulatory requirements are imposed, directly 
or indirectly, on small entities.

    Decided: August 14, 1997.

    By the Board, Chairman Morgan and Vice Chairman Owen.
Vernon A. Williams,
Secretary.
[FR Doc. 97-22960 Filed 8-27-97; 8:45 am]
BILLING CODE 4915-00-P