[Federal Register Volume 68, Number 79 (Thursday, April 24, 2003)]
[Notices]
[Pages 20221-20222]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-10035]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Finance Docket No. 34328]


Pennsylvania Southwestern Railroad, Inc.--Lease and Operation 
Exemption--J&L Specialty Steel, LLC

    Pennsylvania Southwestern Railroad, Inc. (PSWR), a noncarrier, has 
filed a notice of exemption under 49 CFR 1150.31 to lease and operate 
approximately 10.5 miles of rail line currently owned by J&L Specialty 
Steel, LLC (J&L) \1\ located within J&L's steel plant in Midland, 
PA.\2\ PSWR certifies that its projected annual revenues will not 
exceed those that would qualify it as a Class III rail carrier. Also, 
PSWR certifies that its projected annual revenue will not exceed $5 
million.
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    \1\ J&L's subsidiary, The Midland Terminal Company, currently 
operates the line.
    \2\ This proceeding is related to Watco Companies, Inc.--
Continuance in Control Exemption--Pennsylvania Southwestern 
Railroad, Inc., STB Finance Docket No. 34329, wherein Watco 
Companies, Inc., a noncarrier, has concurrently filed a notice of 
exemption to continue in control of PSWR upon PSWR's becoming a 
carrier.
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    The transaction was due to be consummated on or after April 1, 
2003,

[[Page 20222]]

the effective date of the exemption (7 days after the exemption was 
filed).
    If the verified 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 will not automatically stay the transaction.
    An original and 10 copies of all pleadings, referring to STB 
Finance Docket No. 34328, must be filed with the Surface Transportation 
Board, 1925 K Street, NW., Washington, DC 20423-0001. In addition, one 
copy of each pleading must be served on Karl Morrell, Of Counsel, Ball 
Janik LLP, 1455 F Street, NW., Suite 225, Washington, DC 20005.
    Board decisions and notices are available on our Web site at 
www.stb.dot.gov.

    Decided: April 16, 2003.

    By the Board, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 03-10035 Filed 4-23-03; 8:45 am]
BILLING CODE 4915-00-P