[Federal Register Volume 73, Number 91 (Friday, May 9, 2008)]
[Notices]
[Pages 26469-26470]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-10369]


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

DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[STB Ex Parte No. 552 (Sub-No. 11)]


Railroad Revenue Adequacy--2006 Determination

AGENCY: Surface Transportation Board.

ACTION: Notice of decision.

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

SUMMARY: On May 6, 2008, the Board served a decision announcing the 
2006 revenue adequacy determinations for the Nation's Class I 
railroads. Three carriers, the BNSF Railway Company, the Norfolk 
Southern Railway Company and the Soo Line Railroad Company, are found 
to be revenue adequate.

EFFECTIVE DATE: This decision is effective on May 6, 2008.

FOR FURTHER INFORMATION CONTACT: Paul Aguiar, (202) 245-0323. (Federal 
Information Relay Service (FIRS) for the hearing impaired: 1-800-877-
8339).

[[Page 26470]]


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 (ROI) equal to at least the current cost of 
capital for the railroad industry. For 2006, the railroad industry's 
cost of capital was determined to be 9.94%. See Railroad Cost of 
Capital--2006, STB Ex Parte No. 558 (Sub-No. 10) (STB served Apr. 15, 
2008). This revenue adequacy figure was compared with ROI data from 
each Class I railroad, and three carriers were found to be revenue 
adequate for 2006.
    The Board's decision in this proceeding is posted on the Board's 
Web site at www.stb.dot.gov under ``E-Library,'' and ``Decisions & 
Notices.''

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 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: May 1, 2008.

    By the Board, Chairman Nottingham, Vice Chairman Mulvey, and 
Commissioner Buttrey.
Anne K. Quinlan,
Acting Secretary.
 [FR Doc. E8-10369 Filed 5-8-08; 8:45 am]
BILLING CODE 4915-01-P