82_FR_12527 82 FR 12486 - Railroad Cost of Capital-2016

82 FR 12486 - Railroad Cost of Capital-2016

SURFACE TRANSPORTATION BOARD

Federal Register Volume 82, Issue 41 (March 3, 2017)

Page Range12486-12487
FR Document2017-04133

The Board is instituting a proceeding to determine the railroad industry's cost of capital for 2016. The decision solicits comments on the following issues: The railroads' 2016 current cost of debt capital; the railroads' 2016 current cost of preferred equity capital (if any); the railroads' 2016 cost of common equity capital; and the 2016 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--2015, EP 558 (Sub-No. 19) (STB served Aug. 5, 2016).

Federal Register, Volume 82 Issue 41 (Friday, March 3, 2017)
[Federal Register Volume 82, Number 41 (Friday, March 3, 2017)]
[Notices]
[Pages 12486-12487]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-04133]


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SURFACE TRANSPORTATION BOARD

[Docket No. EP 558 (Sub-No. 20)]


Railroad Cost of Capital--2016

AGENCY: Surface Transportation Board.

ACTION: Notice of decision instituting a proceeding to determine the 
railroad industry's 2016 cost of capital.

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SUMMARY: The Board is instituting a proceeding to determine the 
railroad industry's cost of capital for 2016. The decision solicits 
comments on the following issues: The railroads' 2016 current cost of 
debt capital; the railroads' 2016 current cost of preferred equity 
capital (if any); the railroads' 2016 cost of common equity capital; 
and the 2016 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--2015, EP 558 (Sub-No. 19) (STB served Aug. 5, 2016).

DATES: Notices of intent to participate are due by March 30, 2017. 
Statements of the railroads are due by April 20, 2017. Statements of 
other interested persons are due by May 11, 2017. Rebuttal statements 
by the railroads are due by June 1, 2017.

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.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. 20), 395 
E Street SW., Washington, DC 20423-0001.

[[Page 12487]]


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.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 27, 2017.

    By the Board, Board Members Begeman, Elliott, and Miller.
Marline Simeon,
Clearance Clerk.
[FR Doc. 2017-04133 Filed 3-2-17; 8:45 am]
 BILLING CODE 4915-01-P



                                                  12486                            Federal Register / Vol. 82, No. 41 / Friday, March 3, 2017 / Notices

                                                     Under our prior listings 11.02 and                   DEPARTMENT OF STATE                                   extraordinary circumstances that require
                                                  11.03, and SSR 87–6, we evaluated                                                                             shorter notice.
                                                  epilepsy according to the type,                         [Public Notice 9908]                                    For further information, please
                                                  frequency, duration, and sequelae of                                                                          contact: Lieutenant Commander
                                                  seizures.1 If the claimant was following                Advisory Committee on Historical                      Jonathan W. Burby, Executive Secretary,
                                                  prescribed treatment and his or her                     Diplomatic Documentation—Notice of                    Shipping Coordinating Committee, U.S.
                                                  epilepsy did not meet or medically                      Cancellation of Previously Scheduled                  Department of State, Office of Ocean
                                                  equal the requirements of the listings,                 Open Meeting for 2017                                 and Polar Affairs, at burbyjw@state.gov
                                                                                                                                                                or by telephone at 202–647–3946. A
                                                  we would assess his or her residual                       Summary: The meeting of the                         copy of the Committee charter may also
                                                  functional capacity and evaluate the                    Advisory Committee on Historical                      be obtained by accessing the FACA
                                                  claimant’s impairments under the                        Diplomatic Documentation originally                   database maintained by the General
                                                  remaining steps of the sequential                       scheduled for March 6 and 7, 2017, in                 Services Administration: http://
                                                  evaluation process.                                     Washington, DC at the State                           facadatabase.gov/.
                                                     SSR 87–6 provided guidance to                        Department, 2300 E Street NW., has
                                                                                                          been canceled. It is expected that the                Jonathan W. Burby,
                                                  adjudicators on the role of prescribed
                                                                                                          next Historical Advisory Committee                    Executive Secretary, Shipping Coordinating
                                                  treatment in the evaluation of epilepsy.                                                                      Committee, Department of State.
                                                                                                          (HAC) meeting will be held at the State
                                                  The SSR stated the file must contain
                                                                                                          Department in May.                                    [FR Doc. 2017–04095 Filed 3–2–17; 8:45 am]
                                                  adequate information regarding the
                                                                                                            Further questions can be directed to                BILLING CODE 4710–09–P
                                                  history of the treatment regimen and the                Julie Fort (FortJL@state.gov) Designated
                                                  claimant’s response to it, and a                        Federal Officer for the HAC.
                                                  satisfactory description of the treatment                                                                     SURFACE TRANSPORTATION BOARD
                                                  regimen by the treating physician. The                  Julie L. Fort,
                                                  SSR also required a record of                           Designated Federal Officer, Advisory                  [Docket No. EP 558 (Sub-No. 20)]
                                                  anticonvulsant blood levels before we                   Committee on Historical Diplomatic
                                                                                                          Documentation.                                        Railroad Cost of Capital—2016
                                                  could allow a claim. Under SSR 87–6,
                                                  without an ongoing treating                             [FR Doc. 2017–04094 Filed 3–2–17; 8:45 am]            AGENCY:  Surface Transportation Board.
                                                  relationship, we could not find the                     BILLING CODE 4710–11–P
                                                                                                                                                                ACTION: Notice of decision instituting a
                                                  claimant’s impairment to meet or                                                                              proceeding to determine the railroad
                                                  medically equal the listing for epilepsy.                                                                     industry’s 2016 cost of capital.
                                                                                                          DEPARTMENT OF STATE
                                                  When anticonvulsant blood levels were
                                                                                                                                                                SUMMARY:    The Board is instituting a
                                                  low, information obtained from the                      [Public Notice 9907]                                  proceeding to determine the railroad
                                                  treating physician should explain why                                                                         industry’s cost of capital for 2016. The
                                                  the levels were low and include the                     Shipping Coordinating Committee                       decision solicits comments on the
                                                  results of any relevant diagnostic                      Notice of Renewal of Charter                          following issues: The railroads’ 2016
                                                  studies.                                                                                                      current cost of debt capital; the
                                                                                                             Summary: The Department of State
                                                     On July 1, 2016, we published in the                 has renewed the Charter for the                       railroads’ 2016 current cost of preferred
                                                  Federal Register a final rule, Revised                  Shipping Coordinating Committee                       equity capital (if any); the railroads’
                                                  Medical Criteria for Evaluating                         (SHC) without significant substantive                 2016 cost of common equity capital; and
                                                  Neurological Disorders, in which we                     change. Through this Committee, the                   the 2016 capital structure mix of the
                                                  incorporated the portions of SSR 87–6                   Department of State will continue to                  railroad industry on a market value
                                                  that continue to be relevant to the                     obtain the views and advice of the                    basis. Comments should focus on the
                                                  treatment of epilepsy. 81 FR 43048,                     general public, industry, non-                        various cost of capital components
                                                  43049 (2016). The final rule became                     governmental organizations, and                       listed above using the same
                                                  effective September 29, 2016. Id., at                   interested government agencies in the                 methodology followed in Railroad Cost
                                                  43048. Consequently, we are rescinding                  maritime and related fields, on issues                of Capital—2015, EP 558 (Sub-No. 19)
                                                  SSR 87–6 as obsolete.                                   related to maritime security, safety of               (STB served Aug. 5, 2016).
                                                                                                          life at sea, and protection of the marine             DATES: Notices of intent to participate
                                                  (Catalog of Federal Domestic Assistance                                                                       are due by March 30, 2017. Statements
                                                                                                          environment considered by the
                                                  Programs Nos. 96.001, Social Security—                                                                        of the railroads are due by April 20,
                                                                                                          International Maritime Organization
                                                  Disability Insurance; 96.002, Social                                                                          2017. Statements of other interested
                                                                                                          (IMO), and other matters relating to
                                                  Security—Retirement Insurance; 96.004,                                                                        persons are due by May 11, 2017.
                                                                                                          international maritime shipping. The
                                                  Social Security—Survivors Insurance;
                                                                                                          Under Secretary for Management has                    Rebuttal statements by the railroads are
                                                  96.006—Supplemental Security Income)
                                                                                                          determined the Committee is necessary                 due by June 1, 2017.
                                                   Dated: February 28, 2017.                              and in the public interest.                           ADDRESSES: Comments may be
                                                  Nancy A. Berryhill,                                        The Committee follows the                          submitted either via the Board’s e-filing
                                                  Acting Commissioner of Social Security.                 procedures prescribed by the Federal                  system or in the traditional paper
                                                  [FR Doc. 2017–04122 Filed 3–2–17; 8:45 am]              Advisory Committee Act (FACA).                        format. Any person using e-filing should
                                                                                                          Meetings will be open to the public                   comply with the instructions at the E–
                                                  BILLING CODE 4191–02–P
                                                                                                          unless a determination is made in                     FILING link on the Board’s Web site, at
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                                                                                                          accordance with section 10(d) of the                  http://www.stb.gov. Any person
                                                                                                          FACA and 5 U.S.C. 552b(c) that a                      submitting a filing in the traditional
                                                                                                          meeting or portion of the meeting                     paper format should send an original
                                                                                                          should be closed to the public. Notice                and 10 copies to: Surface Transportation
                                                                                                          of each meeting will be published in the              Board, Attn: Docket No. EP 558 (Sub-
                                                    1 20 CFR part 404, subpart P, app. 1, § 11.00A        Federal Register at least 15 days prior               No. 20), 395 E Street SW., Washington,
                                                  (2016).                                                 to the meeting, unless there are                      DC 20423–0001.


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                                                                                  Federal Register / Vol. 82, No. 41 / Friday, March 3, 2017 / Notices                                             12487

                                                  FOR FURTHER INFORMATION CONTACT:                        line submissions, please contact USTR                 II. 2016 Import Statistics
                                                  Pedro Ramirez at (202) 245–0333.                        at gsp@ustr.eop.gov before transmitting                  In order to provide notice of articles
                                                  Assistance for the hearing impaired is                  a comment and in advance of the                       that have exceeded the CNLs for 2016
                                                  available through the Federal                           deadline.                                             and to afford an opportunity for
                                                  Information Relay Service (FIRS) at 1–                  FOR FURTHER INFORMATION CONTACT:                      comment regarding (1) potential de
                                                  800–877–8339.                                           Naomi Freeman, Director for GSP,                      minimis waivers and (2) potential
                                                  SUPPLEMENTARY INFORMATION: The                          Office of the United States Trade                     redesignations for 2016, USTR has
                                                  Board’s decision is posted on the                       Representative, 600 17th Street NW.,                  posted product lists on the USTR Web
                                                  Board’s Web site, http://www.stb.gov.                   Washington, DC 20508. The telephone                   site at https://ustr.gov/issue-areas/
                                                  Copies of the decision may be                           number is (202) 395–2974 and the email                preference-programs/generalized-
                                                  purchased by contacting the Board’s                     address is gsp@ustr.eop.gov.                          system-preferences-gsp/current-reviews/
                                                  Office of Public Assistance,                            SUPPLEMENTARY INFORMATION:                            gsp-20162017 under the title ‘‘2016
                                                  Governmental Affairs, and Compliance                                                                          Import Statistics Relating to Competitive
                                                  at (202) 245–0238. Assistance for the                   I. Statutory Provisions Related to CNLs               Need Limitations for GSP’’. You also
                                                  hearing impaired is available through                      The GSP program provides for the                   can find these lists at
                                                  FIRS at 1–800–877–8339.                                 duty-free importation of designated                   www.regulations.gov in Docket Number
                                                     Authority: 49 U.S.C. 10704(a)                        articles when imported from designated                USTR–2016–0009. There were no
                                                    Decided: February 27, 2017.                           beneficiary developing countries                      articles that were subject to CNL waiver
                                                                                                          (BDCs). The GSP program is authorized                 revocation for 2016 based on the
                                                    By the Board, Board Members Begeman,
                                                  Elliott, and Miller.
                                                                                                          by Title V of the Trade Act of 1974 (19               provisions of section 503(d)(4)(B)(ii) of
                                                                                                          U.S.C. 2461, et seq.), as amended (1974               the 1974 Act, as amended by Public Law
                                                  Marline Simeon,
                                                                                                          Act). Section 503(c)(2)(A) of the 1974                109–432. You can view full 2016
                                                  Clearance Clerk.                                        Act sets out the two CNLs. When the                   calendar year data for individual tariff
                                                  [FR Doc. 2017–04133 Filed 3–2–17; 8:45 am]              President determines that a BDC                       subheadings on the Web site of the U.S.
                                                  BILLING CODE 4915–01–P                                  exported to the United States during a                International Trade Commission at
                                                                                                          calendar year either: (1) A quantity of a             http://dataweb.usitc.gov.
                                                                                                          GSP-eligible article having a value in                   The lists available on the USTR Web
                                                  OFFICE OF THE UNITED STATES                             excess of the applicable amount for that              site contain, for each article, the
                                                  TRADE REPRESENTATIVE                                    year ($175 million for 2016), or (2) a                Harmonized Tariff Schedule of the
                                                  [Docket No. USTR–2016–2009]                             quantity of a GSP-eligible article having             United States (HTSUS) subheading and
                                                                                                          a value equal to or greater than 50                   BDC country of origin, the value of
                                                  2016/2017 Generalized System of                         percent of the value of total U.S. imports            imports of the article for the 2016
                                                  Preferences (GSP) Annual Product                        of the article from all countries (the ‘‘50           calendar year, and the percentage of
                                                  Review: Notice of Availability of                       percent’’ CNL), the President must                    total U.S. imports of that article from all
                                                  Annual Statistics, Acceptance of                        terminate GSP duty-free treatment for                 countries.
                                                  Public Comments and Withdrawal of                       that article from that BDC by no later                   The lists published on the USTR Web
                                                  Certain Petitions                                       than July 1 of the next calendar year,                site are for informational purposes only.
                                                                                                          unless a waiver is granted.                           They may not include all articles to
                                                  AGENCY:  Office of the United States                       De minimis waivers: Under section                  which the GSP CNLs may apply. All
                                                  Trade Representative.                                   503(c)(2)(F) of the 1974 Act, the                     determinations and decisions regarding
                                                  ACTION: Request for comments.                           President may waive the 50 percent                    the CNLs of the GSP program will be
                                                                                                          CNL with respect to an eligible article               based on full 2016 calendar year import
                                                  SUMMARY:    The Office of the United                    imported from a BDC if the value of                   data with respect to each GSP-eligible
                                                  States Trade Representative (USTR) is                   total imports of that article from all                article. We advise each interested party
                                                  announcing the availability of full 2016                countries during the calendar year did                to conduct its own review of 2016
                                                  calendar year import statistics relating                not exceed the applicable de minimis                  import data with respect to the possible
                                                  to competitive need limitations (CNLs)                  amount for that year ($23 million for                 application of the GSP CNL provisions.
                                                  under the Generalized System of                         2016).                                                   List I on the USTR Web site shows
                                                  Preferences (GSP) program. USTR will                       Redesignations: Under section                      GSP-eligible articles from BDCs that
                                                  accept public comments submitted by                     503(c)(2)(C) of the 1974 Act, if imports              exceeded a CNL by having been
                                                  March 22, 2017, regarding: (1) Possible                 of an eligible article from a BDC ceased              exported in excess of $175 million, or in
                                                  de minimis CNL waivers; and (2)                         to receive duty-free treatment due to                 a quantity equal to or greater than 50
                                                  possible redesignations of articles                     exceeding a CNL in a prior year, the                  percent of the total U.S. import value, in
                                                  currently not eligible for GSP benefits                 President may, subject to the                         2016. These products will be removed
                                                  because they previously exceeded the                    considerations in sections 501 and 502                from eligibility for GSP for the subject
                                                  CNL thresholds. USTR also is                            of the 1974 Act, redesignate such an                  countries on July 1, 2017, unless the
                                                  announcing the withdrawal by the                        article for duty-free treatment if imports            President grants a waiver for the
                                                  petitioners of certain previously                       in the most recently completed calendar               product for the subject country in
                                                  accepted CNL waiver petitions.                          year did not exceed the CNLs.                         response to a petition filed by an
                                                  DATES: Written comments are due by                         Exclusions from GSP duty-free                      interested party. Such petitions for CNL
                                                  midnight, Wednesday, March 22, 2017.                    treatment where CNLs have been                        waivers must have been previously
mstockstill on DSK3G9T082PROD with NOTICES




                                                  ADDRESSES: You should submit written                    exceeded will be effective July 1, 2017,              submitted in the 2016/2017 GSP Annual
                                                  comments through the Federal                            unless the President grants a waiver.                 Review. (See 80 FR 50376 and 80 FR
                                                  eRulemaking Portal: http://                             Any CNL-based exclusions, CNL waiver                  71913). The last column in List I shows
                                                  www.regulations.gov using docket                        revocations, and decisions with respect               the product for which a petition has
                                                  number USTR–2016–0009. Follow the                       to de minimis waivers and                             been accepted and is now under review.
                                                  instructions for submitting comments in                 redesignations will be based on full                     List II identifies GSP-eligible articles
                                                  section III below. For alternatives to on-              2016 calendar year import data.                       from BDCs that are above the 50 percent


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Document Created: 2018-02-01 14:46:01
Document Modified: 2018-02-01 14:46:01
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice of decision instituting a proceeding to determine the railroad industry's 2016 cost of capital.
DatesNotices of intent to participate are due by March 30, 2017. Statements of the railroads are due by April 20, 2017. Statements of other interested persons are due by May 11, 2017. Rebuttal statements by the railroads are due by June 1, 2017.
ContactPedro Ramirez at (202) 245-0333. Assistance for the hearing impaired is available through the Federal Information Relay Service (FIRS) at 1-800-877-8339.
FR Citation82 FR 12486 

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