[Federal Register Volume 77, Number 26 (Wednesday, February 8, 2012)]
[Notices]
[Page 6625]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-2851]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[Docket No. EP 558 (Sub-No. 15)]


Railroad Cost of Capital--2011

AGENCY: Surface Transportation Board.

ACTION: Notice of decision instituting a proceeding to determine the 
railroad industry's 2011 cost of capital.

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SUMMARY: The Board is instituting a proceeding to determine the 
railroad industry's cost of capital for 2011. The decision solicits 
comments on the following narrow issues: (1) The railroads' 2011 
current cost of debt capital; (2) the railroads' 2011 current cost of 
preferred equity capital (if any); (3) the railroads' 2011 cost of 
common equity capital; and (4) the 2011 capital structure mix of the 
railroad industry on a market value basis. Comments should focus on the 
various cost of capital components listed above using the same 
methodology followed in Railroad Cost of Capital--2010, EP 558 (Sub-No. 
14) (STB served Oct. 3, 2011).

DATES: Notices of intent to participate are due by March 9, 2012. 
Statements of the railroads are due by March 30, 2012. Statements of 
other interested persons are due by April 19, 2012. Rebuttal statements 
by the railroads are due by May 9, 2012.

ADDRESSES: Comments may be submitted either via the Board's e-filing 
system or in the traditional paper format. Any person using e-filing 
should comply with the instructions at the E-FILING link on the Board's 
Web site, at http://www.stb.dot.gov. Any person submitting a filing in 
the traditional paper format should send an original and 10 copies to: 
Surface Transportation Board, Attn: Docket No. EP 558 (Sub-No. 15), 395 
E Street SW., Washington, DC 20423-0001.

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

SUPPLEMENTARY INFORMATION: The Board's decision is posted on the 
Board's Web site, http://www.stb.dot.gov. Copies of the decision may be 
purchased by contacting the Board's Office of Public Assistance, 
Governmental Affairs, and Compliance at (202) 245-0238. Assistance for 
the hearing impaired is available through FIRS at (800) 877-8339.
    This action will not significantly affect either the quality of the 
human environment of the conservation of energy resources.

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

    Decided: February 2, 2012.

    By the Board, Chairman Elliott, Vice Chairman Mulvey, and 
Commissioner Begeman.
Raina S. White,
Clearance Clerk.
[FR Doc. 2012-2851 Filed 2-7-12; 8:45 am]
BILLING CODE 4915-01-P