Rules and Regulations. Notice of decision
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/register/2019/09/10/2019-19487A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
BILLING CODE 8011-01-P SURFACE TRANSPORTATION BOARD [Docket No. EP 552 (Sub-No. 23)] Railroad Revenue Adequacy—2018 Determination AGENCY: Surface Transportation Board. ACTION: Notice of decision. SUMMARY: On September 5, 2019, the Board served a decision announcing the 2018 revenue adequacy determinations for the Nation's Class I railroads. Three carriers (CSX Transportation, Inc., Soo Line Corporation, and Union Pacific Railroad Company) were found to be revenue adequate. DATES: This decision is effective on September 5, 2019. FOR FURTHER INFORMATION CONTACT: Pedro Ramirez,
(202)245-0333. Assistance for the hearing impaired is available through the Federal Relay Service at
(800)877-8339. SUPPLEMENTARY INFORMATION: Under 49 U.S.C 10704(a)(3), the Board is required to make an annual determination of railroad revenue adequacy. A railroad is considered revenue adequate under 49 U.S.C. 10704(a) if it achieves a rate of return on net investment
(ROI)equal to at least the current cost of capital for the railroad industry. For 2018, this number was determined to be 12.22% in *Railroad Cost of Capital—2018,* EP 558 (Sub-No. 22) (STB served Aug. 6, 2019). The Board then applied this revenue adequacy standard to each Class I railroad. Three Class I carriers (CSX Transportation, Inc., Soo Line Corporation, and Union Pacific Railroad Company) were found to be revenue adequate for 2018. The decision in this proceeding is posted at *www.stb.gov.* Decided: September 4, 2019. By the Board, Board Members Begeman, Fuchs, and Oberman. Kenyatta Clay, Clearance Clerk. [FR Doc. 2019-19487 Filed 9-9-19; 8:45 am]
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