[Federal Register Volume 67, Number 119 (Thursday, June 20, 2002)]
[Notices]
[Page 42104]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-15592]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Ex Parte No. 558 (Sub-No. 5)]


Railroad Cost of Capital--2001

AGENCY: Surface Transportation Board, DOT.

ACTION: Notice of decision.

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SUMMARY: On June 20, 2002 the Board served a decision to update its 
computation of the railroad industry's cost of capital for 2001. The 
composite after-tax cost of capital rate for 2001 is found to be 10.2%, 
based on a current cost of debt of 6.9%; a cost of common equity 
capital of 12.8%; a cost of preferred equity capital of 6.3%; and a 
capital structure mix comprised of 41.8% debt, 56.0% common equity, and 
2.2% preferred equity capital. The cost of capital finding made in this 
proceeding will be used in a variety of Board proceedings.

EFFECTIVE DATE: This action is effective June 20, 2002.

FOR FURTHER INFORMATION CONTACT: Leonard J. Blistein, (202) 565-1529. 
[TDD for the hearing impaired: (800) 877-8339.]

SUPPLEMENTARY INFORMATION: The cost of capital finding in this decision 
may be used for a variety of regulatory purposes. To obtain a copy of 
the full decision, write to, call, or pick up in person from: Da-To-Da 
Legal, Room 405, 1925 K Street, NW., Washington, DC 20423. Telephone 
202 293-7776. [Assistance for the hearing impaired is available through 
TDD services 1-800-877-8339.] The decision is also available on the 
Board's internet site at http://www.stb.dot.gov.

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. 605(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 this action are to 
update the annual railroad industry cost of capital finding by the 
Board. No new reporting or other regulatory requirements are imposed, 
directly or indirectly, on small entities.

    Authority: 49 U.S.C. 10704(a).

    Decided: June 14, 2002.

    By the Board, Chairman Morgan and Vice Chairman Burkes.
Vernon A. Williams,
Secretary.
[FR Doc. 02-15592 Filed 6-19-02; 8:45 am]
BILLING CODE 4915-00-P