[Federal Register Volume 67, Number 240 (Friday, December 13, 2002)]
[Notices]
[Page 76774]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-31457]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Finance Docket No. 34213]


Puget Sound & Pacific Railroad--Lease and Operation Exemption--
Union Pacific Railroad Company

    Puget Sound & Pacific Railroad (PSPR), a Class III rail carrier, 
has filed a verified notice of exemption under 49 CFR 1150.41 to lease 
and operate approximately 1.85 miles of rail line from Union Pacific 
Railroad Company extending between milepost 2.41 at Blakeslee Junction, 
WA, and milepost 4.26 at Raisch, WA.
    Because PSPR's projected annual revenues will exceed $5 million, 
PSPR certified to the Board on November 8, 2002, that, on October 2, 
2002, it had posted the required notice of intent to undertake the 
proposed transaction at the workplace of the employees on the affected 
line and had served a copy of the notice of intent on the national 
offices of all labor unions with employees on the rail line. See 49 CFR 
1150.42(e). PSPR stated in its verified notice that the transaction was 
scheduled to be consummated on or after December 1, 2002.\1\
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    \1\ Due to the timing of PSPR's certification to the Board, 
consummation under these circumstances would have had to be delayed 
until January 7, 2003 (60 days after PSPR's certification to the 
Board that it had complied with the requirements of 49 CFR 
1150.42(e)). In a decision in this proceeding served on December 6, 
2002, however, the Board granted the request by PSPR for waiver of 
the remainder of the 60-day notice period to allow consummation to 
occur as early as December 6, 2002.
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    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 does not automatically stay the transaction.
    An original and 10 copies of all pleadings, referring to STB 
Finance Docket No. 34213, must be filed with the Surface Transportation 
Board, 1925 K Street, NW., Washington, DC 20423-0001. In addition, a 
copy of each pleading must be served on Gary A. Laakso, Vice President 
Regulatory Counsel, Puget Sound & Pacific Railroad, 5300 Broken Sound 
Boulevard NW., Boca Raton, FL 33487 and Louis E. Gitomer, Ball Janik 
LLP, 1455 F Street, NW., Suite 225, Washington, DC 20005.
    Board decisions and notices are available on our Web site at http://www.stb.dot.gov.

    Decided: December 9, 2002.

    By the Board, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 02-31457 Filed 12-12-02; 8:45 am]
BILLING CODE 4915-00-P