82 FR 12486 - Railroad Cost of Capital-2016

SURFACE TRANSPORTATION BOARD

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

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, 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