[Federal Register Volume 75, Number 63 (Friday, April 2, 2010)]
[Notices]
[Pages 16894-16895]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-7411]
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DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[STB Ex Parte No. 558 (Sub-No. 13)]
Railroad Cost of Capital--2009
AGENCY: Surface Transportation Board, DOT.
ACTION: Notice of decision instituting a proceeding to determine the
railroad industry's 2009 cost of capital.
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SUMMARY: The Board is instituting a proceeding to determine the
railroad
[[Page 16895]]
industry's cost of capital for 2009. The decision solicits comments on
the following narrow issues: (1) The railroads' 2009 current cost of
debt capital; (2) the railroads' 2009 current cost of preferred equity
capital (if any); (3) the railroads' 2009 cost of common equity
capital; (4) how the change in BNSF Railway Company's (BNSF's) share
prices from November 2009 through December 2009, following the
announcement of BNSF's acquisition by Berkshire Hathaway Inc., should
be considered in calculating the 2009 cost of common equity capital;
and (5) the 2009 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--2008, Ex Parte No. 558 (Sub-No. 12) (STB
served Sept. 25, 2009).
DATES: Notices of intent to participate are due by April 16, 2010.
Statements of the railroads are due by May 17, 2010. Statements of
other interested persons are due by June 15, 2010. Rebuttal statements
by the railroads are due by July 15, 2010.
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: STB Ex Parte No. 558 (Sub-No. 13),
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 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) 245-0235. Assistance for
the hearing impaired is available through FIRS at 1-800-877-8339.
This action will not significantly affect either the quality of the
human environment or the conservation of energy resources.
Authority: 49 U.S.C. 10704(a).
Decided: March 29, 2010.
By the Board, Chairman Elliott, Vice Chairman Mulvey, and
Commissioner Nottingham.
Kulunie L. Cannon,
Clearance Clerk.
[FR Doc. 2010-7411 Filed 4-1-10; 8:45 am]
BILLING CODE 4915-01-P