[Federal Register Volume 70, Number 225 (Wednesday, November 23, 2005)]
[Notices]
[Pages 70918-70919]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-23259]


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

DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Ex Parte No. 552 (Sub-No. 9)]


Railroad Revenue Adequacy--2004 Determination

AGENCY: Surface Transportation Board, DOT.

ACTION: Notice of decision.

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

SUMMARY: On November 23, 2005, the Board served a decision announcing 
the 2004 revenue adequacy determinations for the Nation's Class I 
railroads. One carrier, Norfolk Southern Railway Company, is found to 
be revenue adequate.

DATES: Effective Date: This decision is effective November 23, 2005.

FOR FURTHER INFORMATION CONTACT: Leonard J. Blistein, (202) 565-1529. 
(Federal Information Relay Service (FIRS) for the hearing impaired: 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 2004, determined to be 10.1% in Railroad 
Cost of Capital--2004, STB Ex Parte No. 558 (Sub-No. 8) (STB served 
June 30, 2005). This revenue adequacy standard was applied to each 
Class I railroad, and one carrier was found to be revenue adequate for 
2004.
    The Board's decision is posted on the Board's Web site, http://www.stb.dot.gov. In addition, copies of the decision may be purchased 
from ASAP Document Solutions by calling 202-306-4004 (assistance for 
the hearing impaired is available through FIRS at 1-800-877-8339), or 
by e-mail at [email protected].

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: November 17, 2005.


[[Page 70919]]


    By the Board, Chairman Nober, Vice Chairman Buttrey, and 
Commissioner Mulvey.
Vernon A. Williams,
Secretary.
[FR Doc. 05-23259 Filed 11-22-05; 8:45 am]
BILLING CODE 4915-01-P