[Federal Register Volume 87, Number 32 (Wednesday, February 16, 2022)]
[Notices]
[Page 8906]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-03340]


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SURFACE TRANSPORTATION BOARD

[Docket No. EP 558 (Sub-No. 25)]


Railroad Cost of Capital--2021

AGENCY: Surface Transportation Board.

ACTION: Notice.

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SUMMARY: The Board is instituting a proceeding to determine the 
railroad industry's cost of capital for 2021. The decision solicits 
comments on the following issues: The railroads' 2021 current cost of 
debt capital; the railroads' 2021 current cost of preferred equity 
capital (if any); the railroads' 2021 cost of common equity capital; 
the 2021 capital structure mix of the railroad industry on a market 
value basis; and the appropriate treatment of Kansas City Southern 
(KCS) in light of the merger transaction currently under consideration 
in Canadian Pacific Railway--Control--Kansas City Southern, Docket No. 
FD 36500. For example, there is not a full year of KCS stock price data 
available for 2021.

DATES: Notices of intent to participate are due by March 28, 2022. 
Statements of the railroads are due by April 18, 2022. Statements of 
other interested persons are due by May 9, 2022. Rebuttal statements by 
the railroads are due by May 31, 2022.

ADDRESSES: Comments may be filed with the Board via e-filing on the 
Board's website.

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

SUPPLEMENTARY INFORMATION: The decision in this proceeding is posted at 
www.stb.gov.

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

    Decided: February 10, 2022.

    By the Board, Board Members Fuchs, Hedlund, Oberman, Primus, and 
Schultz.
Raina White,
Clearance Clerk.
[FR Doc. 2022-03340 Filed 2-15-22; 8:45 am]
BILLING CODE 4915-01-P