[Federal Register Volume 68, Number 12 (Friday, January 17, 2003)]
[Notices]
[Page 2632]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-1137]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Finance Docket No. 34285]


Wisconsin & Southern Railroad Co.--Acquisition Exemption--Soo 
Line Railroad Company d/b/a Canadian Pacific Railway

    Wisconsin & Southern Railroad Co. (WSOR), a Class III rail carrier, 
has filed a verified notice of exemption under 49 CFR 1150.41 to 
acquire from Soo Line Railroad Company d/b/a Canadian Pacific Railway 
approximately 32.5 miles of rail line known as the Waterloo Spur, 
extending between milepost 132.11 at Watertown, WI, and milepost 164.61 
in Madison, WI. WSOR states that it has been leasing and operating the 
line since 1998,\1\ and that the sole purpose of this transaction will 
merely be to convert its leasehold interest into an ownership interest, 
with no adverse effects on railroad employees.
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    \1\ See Wisconsin & Southern Railroad Co.--Lease and Operation 
Exemption--Soo Line Railroad Company d/b/a Canadian Pacific Railway, 
STB Finance Docket No. 33571 (STB served May 27, 1998).
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    WSOR certifies that its projected revenues as a result of this 
transaction will not result in the creation of a Class II or Class I 
rail carrier.
    WSOR states that it expects to consummate the transaction shortly 
after January 1, 2003.\2\
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    \2\ Because WSOR's annual revenues exceed $5 million, it filed a 
petition on November 26, 2002, requesting waiver of the Board's 
notice requirements at 49 CFR 1150.42(e). WSOR indicated there that 
it needed to consummate the acquisition no later than December 31, 
2002, because the institution funding the acquisition had to close 
the transaction by the end of the 2002 calendar year. WSOR's request 
was granted by decision served December 20, 2002. However, by 
facsimile filed on January 8, 2003, WSOR now indicates that, due to 
a financing-related delay, it does not anticipate closing the 
transaction until some time in January or early February 2003.
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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. 34285, 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 John D. Heffner, 555 12th 
Street, NW., Suite 950N, Washington, DC 20004.
    Board decisions and notices are available on our Web site at http://www.stb.dot.gov.

    Decided: January 13, 2003.

    By the Board, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 03-1137 Filed 1-16-03; 8:45 am]
BILLING CODE 4915-00-P