[Federal Register: September 9, 1999 (Volume 64, Number 174)]
[Notices]               
[Page 49050-49051]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr09se99-97]                         

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DEPARTMENT OF TRANSPORTATION

Surface Transportation Board
[STB Ex Parte No. 552 (Sub-No. 3)]

 
Railroad Revenue Adequacy--1998 Determination

AGENCY: Surface Transportation Board.

ACTION: Notice of decision.

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SUMMARY: On September 9, 1999, the Board served a decision announcing 
the 1998 revenue adequacy determinations for the Nation's Class I 
railroads. One carrier (Illinois Central Railroad Company) is found to 
be revenue adequate.

EFFECTIVE DATE: This decision is effective September 9, 1999.

FOR FURTHER INFORMATION CONTACT: Leonard J. Blistein, (202) 565-1529. 
[TDD for the hearing impaired: (202) 565-1695.]

SUPPLEMENTARY INFORMATION: The Board is required to make an annual 
determination of railroad revenue adequacy. A railroad will be 
considered revenue adequate under 49 U.S.C. 10704(a) if it achieves a 
rate of return on net investment equal to at least the current cost of 
capital for the railroad industry for 1998, determined to be 10.7% in 
Railroad Cost of Capital--1998, STB Ex Parte No. 558 (Sub-No. 2) (STB 
served May 17, 1999). In this proceeding, the Board applied the

[[Page 49051]]

revenue adequacy standards to each Class I railroad, and it found one 
carrier, Illinois Central Railroad Company, to be revenue adequate.
    Additional information is contained in the Board's formal decision. 
To purchase a copy of the full decision, write to, call, or pick up in 
person from: DC NEWS & DATA, INC., Suite 210, 1925 K Street, N.W., 
Washington, DC 20423. Telephone: (202) 289-4357. [Assistance for the 
hearing impaired is available through TDD services (202) 565-1695.] The 
decision is also available on the Board's internet site, 
www.stb.dot.gov. Environmental and energy considerations.
    This action will not significantly affect either the quality of the 
human environment or the conservation of energy resources.

Regulatory Flexibility Analysis

    Pursuant to 5 U.S.C. 603(b), we conclude that our action in this 
proceeding will not have a significant economic impact on a substantial 
number of small entities. The purpose and effect of the action is 
merely to update the annual railroad industry revenue adequacy finding. 
No new reporting or other regulatory requirements are imposed, directly 
or indirectly, on small entities.

    Decided: September 1, 1999.

    By the Board, Chairman Morgan, Vice Chairman Clyburn, and 
Commissioner Burkes.
Vernon A. Williams,
Secretary.
[FR Doc. 99-23438 Filed 9-8-99; 8:45 am]
BILLING CODE 4915-00-P