Skip to Content

Notice

Railroad Cost-of-Capital-2006

Document Details

Information about this document as published in the Federal Register.

Published Document

This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.

Start Preamble

AGENCY:

Surface Transportation Board.

ACTION:

Notice of decision.

SUMMARY:

On April 15, 2008, the Board served a decision to update its computation of the railroad industry's cost-of-capital for 2006. The composite after-tax cost-of-capital rate for 2006 is found to be 9.94%, based on a current cost-of-debt of 5.97%; a cost of common equity capital of 11.13%; and a capital structure mix comprised of 23.05% debt and 76.95% common equity. The cost-of-capital finding made in this proceeding will be used in a variety of Board proceedings.

EFFECTIVE DATE:

This action is effective April 15, 2008.

Start Further Info

FOR FURTHER INFORMATION CONTACT:

Pedro Ramirez, 202-245-0333. [Assistance for the hearing impaired is available through the Federal Information Relay Service (FIRS) at 1-800-877-8339.]

End Further Info End Preamble Start Supplemental Information

SUPPLEMENTARY INFORMATION:

Additional information is contained in the Board's decision, which is available on our Web site http://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. 605(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 this action are to update the annual railroad industry cost-of-capital finding by the Board. No new reporting or other regulatory requirements are imposed, directly or indirectly, on small entities.

Start Authority

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

End Authority Start Signature

Decided: April 14, 2008.

By the Board, Chairman Nottingham, Vice Chairman Mulvey, and Commissioner Buttrey.

Anne K. Quinlan,

Acting Secretary.

End Signature End Supplemental Information

[FR Doc. E8-8386 Filed 4-17-08; 8:45 am]

BILLING CODE 4915-01-P