[Federal Register Volume 71, Number 24 (Monday, February 6, 2006)]
[Notices]
[Page 6129]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 06-1015]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Finance Docket No. 34815]


Cassatt Management, LLC d/b/a/ Bay Coast Railroad--Operation 
Exemption--Shenandoah Valley Railroad Line

    Cassatt Management, LLC d/b/a/ Bay Coast Railroad (BCR), a 
noncarrier, has filed a verified notice of exemption under 49 CFR 
1150.31 to operate, pursuant to an agreement with the Shenandoah Valley 
Railroad, LLC (SVRR), SVRR's approximately 20.2-mile line of railroad 
extending from milepost 5.0 at Pleasant Valley to milepost 25.2 in 
Staunton, in Rockingham and Augusta Counties, VA.\1\
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    \1\ SVRR retains the residual right to conduct rail operations 
itself or through an agent in the event of BCR's default of its 
obligation under the agreement.
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    BCR certifies that its projected annual revenues as a result of the 
transaction will not exceed those that would qualify it as a Class III 
rail carrier and will not exceed $5 million.
    The transaction was expected to be consummated on or after January 
18, 2006.
    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. 34815, 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, John D. 
Heffner, PLLC, 1920 N Street, NW., Suite 800, Washington, DC 20036.
    Board decisions and notices are available on our Web site at http://www.stb.dot.gov.

    Decided: January 27, 2006.

    By the Board, David M. Konschnik, Director, Office of 
Proceedings.
Vernon A. Williams,
Secretary.
[FR Doc. 06-1015 Filed 2-3-06; 8:45 am]
BILLING CODE 4915-01-P