[Federal Register Volume 77, Number 155 (Friday, August 10, 2012)]
[Notices]
[Pages 47921-47922]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-19646]


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

DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[Docket No. FD 35636]


Pecos Valley Permian Railroad, L.L.C. d/b/a Pecos Valley Southern 
Railway Company--Lease Exemption--Pecos Valley Southern Railway Company

    Pecos Valley Permian Railroad, L.L.C. d/b/a Pecos Valley Southern 
Railway Company (PVR), a noncarrier, has filed a verified notice of 
exemption pursuant to 49 CFR 1150.31 to lease from the Pecos Valley 
Southern Railway Company (PVS) and operate 24 miles of rail line 
located between milepost 0.0 at Pecos, Tex., and milepost 24.0, north 
of Saragosa, Tex.
    This transaction is related to a concurrently filed verified notice 
of exemption in Wacto Holdings, Inc.--Continuance in Control 
Exemption--Pecos Valley Permian Railroad, L.L.C. d/b/a Pecos Valley 
Southern Railway, Docket No. FD 35637, wherein Watco Holdings, Inc., 
seeks Board approval to continue in control of PVR upon PVR's becoming 
a Class III rail carrier.
    As a result of this transaction, PVR will provide common carrier 
rail service over the rail lines owned by PVS between Pecos and 
Saragosa. PVR states that the lease agreement between PVS and PVR will 
not contain any interchange commitments.
    PVR certifies that its projected annual revenues as a result of 
this transaction will not result in PVR's becoming a Class II or Class 
I rail carrier and further certifies that its projected annual revenues 
will not exceed $5 million.
    The transaction is expected to be consummated on or after August 
26, 2012, the effective date of the exemption (30 days after the notice 
of exemption was filed).
    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 effectiveness of the 
exemption. Petitions for stay must be filed by August 17, 2012 (at 
least seven days before the exemption becomes effective).
    An original and 10 copies of all pleadings, referring to Docket No. 
FD 35636, must be filed with the Surface Transportation Board, 395 E 
Street SW., Washington, DC 20423-0001. In addition, a copy of each 
pleading must be served on Karl Morell, Ball Janik LLP, 655 Fifteenth 
Street NW., Suite 225, Washington, DC 20005.

[[Page 47922]]

    Board decisions and notices are available on our Web site at 
WWW.STB.DOT.GOV.

    Decided: August 6, 2012.

    By the Board, Rachel D. Campbell, Director, Office of 
Proceedings.
Jeffrey Herzig,
Clearance Clerk.
[FR Doc. 2012-19646 Filed 8-9-12; 8:45 am]
BILLING CODE 4915-01-P