[Federal Register Volume 73, Number 76 (Friday, April 18, 2008)]
[Notices]
[Page 21175]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-8386]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Ex Parte No. 558 (Sub-No. 10)]


Railroad Cost-of-Capital--2006

AGENCY: Surface Transportation Board.

ACTION: Notice of decision.

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SUMMARY: On April 15, 2008, the Board served a decision to update its 
computation of the railroad industry's cost-of-capital for 2006. The 
composite after-tax cost-of-capital rate for 2006 is found to be 9.94%, 
based on a current cost-of-debt of 5.97%; a cost of common equity 
capital of 11.13%; and a capital structure mix comprised of 23.05% debt 
and 76.95% common equity. The cost-of-capital finding made in this 
proceeding will be used in a variety of Board proceedings.

EFFECTIVE DATE: This action is effective April 15, 2008.

FOR FURTHER INFORMATION CONTACT: Pedro Ramirez, 202-245-0333. 
[Assistance for the hearing impaired is available through the Federal 
Information Relay Service (FIRS) at 1-800-877-8339.]

SUPPLEMENTARY INFORMATION: Additional information is contained in the 
Board's decision, which is available on our Web site http://www.stb.dot.gov.

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. 605(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 this action are to 
update the annual railroad industry cost-of-capital finding by the 
Board. No new reporting or other regulatory requirements are imposed, 
directly or indirectly, on small entities.

    Authority: 49 U.S.C. 10704(a).

    Decided: April 14, 2008.

    By the Board, Chairman Nottingham, Vice Chairman Mulvey, and 
Commissioner Buttrey.
Anne K. Quinlan,
Acting Secretary.
 [FR Doc. E8-8386 Filed 4-17-08; 8:45 am]
BILLING CODE 4915-01-P