[Federal Register Volume 79, Number 3 (Monday, January 6, 2014)]
[Notices]
[Page 703]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-31572]


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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board

[Docket No. EP 552 (Sub-No. 17)]


Railroad Revenue Adequacy--2012 Determination

AGENCY: Surface Transportation Board, DOT.

ACTION: Notice of updated decision.

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SUMMARY: On January 2, 2014, the Board served an updated decision 
announcing the 2012 revenue adequacy determinations for the Nation's 
Class I railroads, taking into account BNSF Railway Company's refiled 
R-1 report for 2012. Three carriers, BNSF Railway Company, Norfolk 
Southern Combined Railroad Subsidiaries, and Union Pacific Railroad 
Company, were found to be revenue adequate.

DATES: Effective Date: This decision is effective on January 2, 2014.

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

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 2012, determined to be 11.12% in 
Railroad Cost of Capital--2012, EP 558 (Sub-No. 16) (STB served Aug. 
30, 2013). This revenue adequacy standard was applied to each Class I 
railroad. Three carriers, BNSF Railway Company (BNSF), Norfolk Southern 
Combined Railroad Subsidiaries, and Union Pacific Railroad Company, 
were found to be revenue adequate for 2012.\1\
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    \1\ The Board determined the revenue adequacy for 2012 of each 
Class I railroad except BNSF in a decision served in this docket on 
October 17, 2013. Now that BNSF has refiled its R-1 reports for 
2010-2012 in compliance with the Board's order in Western Coal 
Traffic League--Petition for Declaratory Order, FD 35506 (STB served 
July 25, 2013), the Board's January 2, 2014 decision reflects that 
filing and includes a determination of BNSF's revenue adequacy for 
2012. The October 17, 2013 decision remains unchanged in all other 
respects.
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    The decision in this proceeding is posted on the Board's Web site 
at www.stb.dot.gov. Copies of the decision may be purchased by 
contacting the 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 or the conservation of energy resources.

    Decided: December 31, 2013.

    By the Board, Chairman Elliott, Vice Chairman Begeman, and 
Commissioner Mulvey.
Jeffrey Herzig,
Clearance Clerk.
[FR Doc. 2013-31572 Filed 1-3-14; 8:45 am]
BILLING CODE 4915-01-P