[Federal Register Volume 84, Number 35 (Thursday, February 21, 2019)]
[Notices]
[Page 5540]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-02957]


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SURFACE TRANSPORTATION BOARD

[Docket No. EP 558 (Sub-No. 22)]


Railroad Cost of Capital--2018

AGENCY: Surface Transportation Board.

ACTION: Notice of decision instituting a proceeding to determine the 
railroad industry's 2018 cost of capital.

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SUMMARY: The Board is instituting a proceeding to determine the 
railroad industry's cost of capital for 2018. The decision solicits 
comments on the following issues: The railroads' 2018 current cost of 
debt capital; the railroads' 2018 current cost of preferred equity 
capital (if any); the railroads' 2018 cost of common equity capital; 
and the 2018 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--2017, EP 558 (Sub-No. 21) (STB served Dec. 6, 2018).

DATES: Notices of intent to participate are due by April 1, 2019. 
Statements of the railroads are due by April 22, 2019. Statements of 
other interested persons are due by May 13, 2019. Rebuttal statements 
by the railroads are due by June 3, 2019.

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 at 
www.stb.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. 22), 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 1-800-877-8339.

SUPPLEMENTARY INFORMATION: The Board's decision is posted at 
www.stb.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 1-800-877-8339.

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

    Decided: February 14, 2019.

    By the Board, Board Members Begeman, Fuchs, and Oberman.
Aretha Laws-Byrum,
Clearance Clerk.
[FR Doc. 2019-02957 Filed 2-20-19; 8:45 am]
 BILLING CODE 4915-01-P