[Federal Register Volume 67, Number 144 (Friday, July 26, 2002)]
[Notices]
[Page 48967]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-18849]


-----------------------------------------------------------------------

DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Ex Parte No. 552 (Sub-No. 6)]


Railroad Revenue Adequacy--2001 Determination

AGENCY: Surface Transportation Board.

ACTION: Notice of decision.

-----------------------------------------------------------------------

SUMMARY: On July 26, 2002, the Board served a decision announcing the 
2001 revenue adequacy determinations for the Nation's Class I 
railroads. No carrier is found to be revenue adequate.

EFFECTIVE DATE: This decision is effective July 26, 2002.

FOR FURTHER INFORMATION CONTACT: Leonard J. Blistein, (202) 565-1529. 
[Assistance for the hearing impaired is available through the Federal 
Information Relay Service (FIRS) at 1-800-877-8339.]

SUPPLEMENTARY INFORMATION: The Board is required to make an annual 
determination of railroad revenue adequacy. A railroad is 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 2001, determined to be 10.2% in Railroad 
Cost of Capital--2001, STB Ex Parte No. 558 (Sub-No. 5) (STB served 
June 20, 2002). This revenue adequacy standard was applied to each 
Class I railroad, and no carrier was found to be revenue adequate for 
2001.
    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: 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 FIRS at 1-800-877-8339.] The decision is also 
available on the Board's Internet site at 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. 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: July 19, 2002.
    By the Board, Chairman Morgan and Vice Chairman Burkes.
Vernon A. Williams,
Secretary.
[FR Doc. 02-18849 Filed 7-25-02; 8:45 am]
BILLING CODE 4915-00-P