83_FR_6333 83 FR 6303 - Railroad Cost of Capital-2017

83 FR 6303 - Railroad Cost of Capital-2017

SURFACE TRANSPORTATION BOARD

Federal Register Volume 83, Issue 30 (February 13, 2018)

Page Range6303-6304
FR Document2018-02886

The Board is instituting a proceeding to determine the railroad industry's cost of capital for 2017. The decision solicits comments on the following issues: The railroads' 2017 current cost of debt capital; the railroads' 2017 current cost of preferred equity capital (if any); the railroads' 2017 cost of common equity capital; and the 2017 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--2016, EP 558 (Sub-No. 20) (STB served Aug. 7, 2017).

Federal Register, Volume 83 Issue 30 (Tuesday, February 13, 2018)
[Federal Register Volume 83, Number 30 (Tuesday, February 13, 2018)]
[Notices]
[Pages 6303-6304]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-02886]


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SURFACE TRANSPORTATION BOARD

[Docket No. EP 558 (Sub-No. 21)]


Railroad Cost of Capital--2017

AGENCY: Surface Transportation Board.

ACTION: Notice of decision instituting a proceeding to determine the 
railroad industry's 2017 cost of capital.

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[[Page 6304]]

SUMMARY: The Board is instituting a proceeding to determine the 
railroad industry's cost of capital for 2017. The decision solicits 
comments on the following issues: The railroads' 2017 current cost of 
debt capital; the railroads' 2017 current cost of preferred equity 
capital (if any); the railroads' 2017 cost of common equity capital; 
and the 2017 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--2016, EP 558 (Sub-No. 20) (STB served Aug. 7, 2017).

DATES: Notices of intent to participate are due by March 30, 2018. 
Statements of the railroads are due by April 20, 2018. Statements of 
other interested persons are due by May 11, 2018. Rebuttal statements 
by the railroads are due by June 1, 2018.

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 
website, 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. 21), 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 website, 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 7, 2018.

    By the Board, Board Members Begeman and Miller.
Jeffrey Herzig,
Clearance Clerk.
[FR Doc. 2018-02886 Filed 2-12-18; 8:45 am]
BILLING CODE 4915-01-P



                                                                                 Federal Register / Vol. 83, No. 30 / Tuesday, February 13, 2018 / Notices                                                 6303

                                                III. Date of Effectiveness of the                          filing also will be available for                      subject to public disclosure under 5
                                                Proposed Rule Change and Timing for                        inspection and copying at the principal                U.S.C. 552b(c)(1) and the public interest
                                                Commission Action                                          office of the Exchange. All comments                   requires that such activities be withheld
                                                   The foregoing rule change has become                    received will be posted without change.                from disclosure.
                                                effective pursuant to Section 19(b)(3)(A)                  Persons submitting comments are                           RSVP Instructions. Prior notification
                                                of the Act 13 and paragraph (f) of Rule                    cautioned that we do not redact or edit                and a valid government-issued photo ID
                                                19b–4 thereunder.14 At any time within                     personal identifying information from                  (such as driver’s license, passport, U.S.
                                                60 days of the filing of the proposed rule                 comment submissions. You should                        Government or military ID) are required
                                                change, the Commission summarily may                       submit only information that you wish                  for entrance into the Department of
                                                temporarily suspend such rule change if                    to make available publicly. All                        State building. Members of the public
                                                it appears to the Commission that such                     submissions should refer to File                       planning to attend the open meetings
                                                action is necessary or appropriate in the                  Number SR–CboeEDGX–2018–004 and                        should RSVP, by the dates indicated
                                                public interest, for the protection of                     should be submitted on or before March                 above, to Julie Fort, Office of the
                                                investors, or otherwise in furtherance of                  6, 2018.                                               Historian (202–955–0214). When
                                                the purposes of the Act.                                     For the Commission, by the Division of               responding, please provide date of birth,
                                                                                                           Trading and Markets, pursuant to delegated             valid government-issued photo
                                                IV. Solicitation of Comments                               authority.15                                           identification number and type (such as
                                                  Interested persons are invited to                        Eduardo A. Aleman,                                     driver’s license number/state, passport
                                                submit written data, views, and                            Assistant Secretary.                                   number/country, or U.S. Government ID
                                                arguments concerning the foregoing,                        [FR Doc. 2018–02856 Filed 2–12–18; 8:45 am]
                                                                                                                                                                  number/agency or military ID number/
                                                including whether the proposed rule                                                                               branch), and relevant telephone
                                                                                                           BILLING CODE 8011–01–P
                                                change is consistent with the Act.                                                                                numbers. If you cannot provide one of
                                                Comments may be submitted by any of                                                                               the specified forms of ID, please consult
                                                the following methods:                                                                                            with Julie Fort for acceptable alternative
                                                                                                           DEPARTMENT OF STATE                                    forms of picture identification.
                                                Electronic Comments
                                                                                                           [Public Notice: 10311]                                    Personal data is requested pursuant to
                                                   • Use the Commission’s internet                                                                                Public Law 99–399 (Omnibus
                                                comment form (http://www.sec.gov/                          Advisory Committee on Historical                       Diplomatic Security and Antiterrorism
                                                rules/sro.shtml); or                                       Diplomatic Documentation—Notice of                     Act of 1986), as amended; Public Law
                                                   • Send an email to rule-comments@                       Rescheduled Meeting                                    107–56 (USA PATRIOT Act); and
                                                sec.gov. Please include File Number SR–                                                                           Executive Order 13356. The purpose of
                                                CboeEDGX–2018–004 on the subject                             The Advisory Committee on
                                                                                                           Historical Diplomatic Documentation                    the collection is to validate the identity
                                                line.                                                                                                             of individuals who enter Department
                                                                                                           has rescheduled the previously
                                                Paper Comments                                             announced September 10–11 meeting                      facilities. Please see the Security
                                                   • Send paper comments in triplicate                     (see 82 FR 55150). The new dates for the               Records System of Records Notice
                                                to Secretary, Securities and Exchange                      meeting are August 27–28.                              (State-36) at https://www.state.gov/
                                                Commission, 100 F Street NE,                                 The committee will meet on August                    documents/organization/242611.pdf, for
                                                Washington, DC 20549–1090.                                 27, 2018, in open session to discuss                   additional information.
                                                                                                           unclassified matters concerning                           Questions concerning the meeting
                                                All submissions should refer to File
                                                                                                           declassification and transfer of                       should be directed to Reneé A. Goings,
                                                Number SR–CboeEDGX–2018–004. This
                                                                                                           Department of State records to the                     or Adam Howard, Department of State,
                                                file number should be included on the
                                                                                                           National Archives and Records                          Office of the Historian, Washington, DC
                                                subject line if email is used. To help the
                                                                                                           Administration and the status of the                   20372, telephone (202) 955–0200, (email
                                                Commission process and review your
                                                comments more efficiently, please use                      Foreign Relations series.                              history@state.gov).
                                                only one method. The Commission will                         The Committee will meet in open                         Note that requests for reasonable
                                                post all comments on the Commission’s                      session from 11:00 a.m. until noon in                  accommodation received after the date
                                                internet website (http://www.sec.gov/                      SA–4D Conference Room, Department                      indicated in this notice will be
                                                rules/sro.shtml). Copies of the                            of State, 2300 E Street NW, Washington,                considered, but might not be possible to
                                                submission, all subsequent                                 DC 20372 (Potomac Navy Hill Annex).                    fulfill.
                                                amendments, all written statements                         RSVP should be sent not later than                     Julie L. Fort,
                                                with respect to the proposed rule                          August 20, 2018. Requests for                          Designated Federal Officer, Advisory
                                                change that are filed with the                             reasonable accommodation should be                     Committee on Historical Diplomatic
                                                Commission, and all written                                made by August 13, 2018. Requests                      Documentation.
                                                communications relating to the                             made after that date will be considered,               [FR Doc. 2018–02873 Filed 2–12–18; 8:45 am]
                                                proposed rule change between the                           but might not be possible to fulfill.                  BILLING CODE 4710–11–P
                                                Commission and any person, other than                        Closed Session. The Committee’s
                                                those that may be withheld from the                        session in the afternoon of Monday,
                                                public in accordance with the                              August 27, 2018; in the morning of
                                                provisions of 5 U.S.C. 552, will be                        Tuesday, August 28, 2018, will be                      SURFACE TRANSPORTATION BOARD
                                                available for website viewing and                          closed in accordance with Section 10(d)
                                                                                                                                                                  [Docket No. EP 558 (Sub-No. 21)]
sradovich on DSK3GMQ082PROD with NOTICES




                                                printing in the Commission’s Public                        of the Federal Advisory Committee Act
                                                Reference Room, 100 F Street NE,                           (Pub. L. 92–463). The agenda calls for
                                                                                                           review of classified documentation                     Railroad Cost of Capital—2017
                                                Washington, DC 20549, on official
                                                business days between the hours of                         concerning the Foreign Relations series                AGENCY:  Surface Transportation Board.
                                                10:00 a.m. and 3:00 p.m. Copies of the                     and other declassification issues. These               ACTION: Notice of decision instituting a
                                                                                                           are matters properly classified and not                proceeding to determine the railroad
                                                  13 15   U.S.C. 78s(b)(3)(A).
                                                  14 17
                                                                                                                                                                  industry’s 2017 cost of capital.
                                                          CFR 240.19b–4(f).                                  15 17   CFR 200.30–3(a)(12).



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                                                6304                        Federal Register / Vol. 83, No. 30 / Tuesday, February 13, 2018 / Notices

                                                SUMMARY:   The Board is instituting a                   SURFACE TRANSPORTATION BOARD                          ACTION: Fifty Sixth RTCA SC–224
                                                proceeding to determine the railroad                                                                          Standards for Airport Security Access
                                                                                                        [Docket No. EP 290 (Sub-No. 4)]
                                                industry’s cost of capital for 2017. The                                                                      Control Systems Plenary.
                                                decision solicits comments on the                       Railroad Cost Recovery Procedures—
                                                following issues: The railroads’ 2017                   Productivity Adjustment                               SUMMARY:   The FAA is issuing this notice
                                                current cost of debt capital; the                                                                             to advise the public of a meeting of Fifty
                                                railroads’ 2017 current cost of preferred               AGENCY: Surface Transportation Board.                 Sixth RTCA SC–224 Standards for
                                                equity capital (if any); the railroads’                 ACTION:Proposed railroad cost recovery                Airport Security Access Control
                                                2017 cost of common equity capital; and                 procedures productivity adjustment.                   Systems Plenary.
                                                the 2017 capital structure mix of the                   SUMMARY:   In a decision served on                    DATES: The meeting will be held March
                                                railroad industry on a market value                     February 8, 2018, the Board proposed to               29, 2018, 10:00 a.m.–1:00 p.m.
                                                basis. Comments should focus on the                     adopt 0.996 (¥0.4% per year) as the
                                                various cost of capital components                      measure of average (geometric mean)                   ADDRESSES: The meeting will be held at:
                                                listed above using the same                             change in railroad productivity for the               RTCA Headquarters, 1150 18th Street
                                                methodology followed in Railroad Cost                   2012–2016 (five-year) period. This                    NW, Suite 910, Washington, DC 20036.
                                                of Capital—2016, EP 558 (Sub-No. 20)                    represents an increase of 0.3% from the               FOR FURTHER INFORMATION CONTACT:
                                                (STB served Aug. 7, 2017).                              average for the 2011–2015 period. The                 Karan Hofmann at khofmann@rtca.org
                                                                                                        Board’s February 8, 2018 decision in                  or 202–330–0680, or The RTCA
                                                DATES:  Notices of intent to participate
                                                                                                        this proceeding stated that comments                  Secretariat, 1150 18th Street NW, Suite
                                                are due by March 30, 2018. Statements
                                                                                                        may be filed addressing any perceived                 910, Washington, DC 20036, or by
                                                of the railroads are due by April 20,                   data and computational errors in the                  telephone at (202) 833–9339, fax at (202)
                                                2018. Statements of other interested                    Board’s calculation. It also stated that, if          833–9434, or website at http://
                                                persons are due by May 11, 2018.                        there were no further action taken by                 www.rtca.org.
                                                Rebuttal statements by the railroads are                the Board, the proposed productivity
                                                due by June 1, 2018.                                    adjustment would become effective on                  SUPPLEMENTARY INFORMATION:      Pursuant
                                                ADDRESSES:  Comments may be                             March 1, 2018.                                        to section 10(a)(2) of the Federal
                                                submitted either via the Board’s e-filing               DATES: The productivity adjustment is                 Advisory Committee Act (Pub. L. 92–
                                                system or in the traditional paper                      effective March 1, 2018. Comments are                 463, 5 U.S.C., App.), notice is hereby
                                                format. Any person using e-filing should                due by February 23, 2018.                             given for a meeting of the Fifty Sixth
                                                                                                        ADDRESSES: Send comments (an original                 RTCA SC–224 Standards for Airport
                                                comply with the instructions at the
                                                                                                        and 10 copies) referring to Docket No.                Security Access Control Systems
                                                E-FILING link on the Board’s website, at
                                                                                                        EP 290 (Sub-No. 4) to: Surface                        Plenary. The agenda will include the
                                                http://www.stb.gov. Any person
                                                                                                        Transportation Board, 395 E Street SW,                following:
                                                submitting a filing in the traditional
                                                paper format should send an original                    Washington, DC 20423–0001.                            1. Welcome/Introductions/
                                                and 10 copies to: Surface Transportation                FOR FURTHER INFORMATION CONTACT:                           Administrative Remarks
                                                Board, Attn: Docket No. EP 558 (Sub-                    Michael Smith, (202) 245–0322. Federal                2. Review/Approve Previous Meeting
                                                No. 21), 395 E Street SW, Washington,                   Information Relay Service (FIRS) for the                   Summary
                                                DC 20423–0001.                                          hearing impaired, (800) 877–8339.
                                                                                                                                                              3. TSA Report
                                                                                                        SUPPLEMENTARY INFORMATION:
                                                FOR FURTHER INFORMATION CONTACT:                        Additional information is contained in                4. Report on Document Distribution
                                                Pedro Ramirez at (202) 245–0333.                        the Board’s decision, which is available                   Mechanisms
                                                Assistance for the hearing impaired is                  on the Board’s website at http://                     5. Report on the New Guidelines and
                                                available through the Federal                           www.stb.gov. Copies of the decision may                    Other Safe Skies Reports
                                                Information Relay Service (FIRS) at                     be purchased by contacting the Board’s
                                                1–800–877–8339.                                                                                               6. Discussion on DO–230I
                                                                                                        Office of Public Assistance,
                                                                                                        Governmental Affairs, and Compliance                  7. Decision To Approve Release of DO–
                                                SUPPLEMENTARY INFORMATION:    The                                                                                  230I for Final Review and Comment
                                                Board’s decision is posted on the                       at (202) 245–0236.
                                                                                                                                                                   (FRAC)
                                                Board’s website, http://www.stb.gov.                      Decided: February 7, 2018.
                                                Copies of the decision may be                             By the Board, Board Members Begeman                 8. Discussion on Terms of Reference
                                                purchased by contacting the Board’s                     and Miller.                                                (TOR) and DO–230J Revision
                                                Office of Public Assistance,                            Jeffrey Herzig,                                       9. Action Items for Next Meeting
                                                Governmental Affairs, and Compliance                    Clearance Clerk.                                      10. Time and Place of Next Meeting
                                                at (202) 245–0238. Assistance for the                   [FR Doc. 2018–02888 Filed 2–12–18; 8:45 am]
                                                                                                                                                              11. Any Other Business
                                                hearing impaired is available through                   BILLING CODE 4915–01–P
                                                FIRS at 1–800–877–8339.                                                                                       12. Adjourn
                                                   Authority: 49 U.S.C. 10704(a).                                                                                Attendance is open to the interested
                                                                                                        DEPARTMENT OF TRANSPORTATION                          public but limited to space availability.
                                                  Decided: February 7, 2018.
                                                                                                                                                              With the approval of the chairman,
                                                  By the Board, Board Members Begeman                   Federal Aviation Administration                       members of the public may present oral
sradovich on DSK3GMQ082PROD with NOTICES




                                                and Miller.                                                                                                   statements at the meeting. Persons
                                                Jeffrey Herzig,
                                                                                                        Fifty Sixth RTCA SC–224 Standards for
                                                                                                        Airport Security Access Control                       wishing to present statements or obtain
                                                Clearance Clerk.                                        Systems Plenary                                       information should contact the person
                                                [FR Doc. 2018–02886 Filed 2–12–18; 8:45 am]                                                                   listed in the FOR FURTHER INFORMATION
                                                BILLING CODE 4915–01–P
                                                                                                        AGENCY: Federal Aviation                              CONTACT section. Members of the public
                                                                                                        Administration (FAA), U.S. Department                 may present a written statement to the
                                                                                                        of Transportation (DOT).                              committee at any time.


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Document Created: 2018-02-13 02:32:30
Document Modified: 2018-02-13 02:32:30
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 2017 cost of capital.
DatesNotices of intent to participate are due by March 30, 2018. Statements of the railroads are due by April 20, 2018. Statements of other interested persons are due by May 11, 2018. Rebuttal statements by the railroads are due by June 1, 2018.
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 Citation83 FR 6303 

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