Railroad Cost of Capital-2021
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Issuing agencies
Abstract
The Board is instituting a proceeding to determine the railroad industry's cost of capital for 2021. The decision solicits comments on the following issues: The railroads' 2021 current cost of debt capital; the railroads' 2021 current cost of preferred equity capital (if any); the railroads' 2021 cost of common equity capital; the 2021 capital structure mix of the railroad industry on a market value basis; and the appropriate treatment of Kansas City Southern (KCS) in light of the merger transaction currently under consideration in Canadian Pacific Railway--Control--Kansas City Southern, Docket No. FD 36500. For example, there is not a full year of KCS stock price data available for 2021.
Full Text
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<title>Federal Register, Volume 87 Issue 32 (Wednesday, February 16, 2022)</title>
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[Federal Register Volume 87, Number 32 (Wednesday, February 16, 2022)]
[Notices]
[Page 8906]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-03340]
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SURFACE TRANSPORTATION BOARD
[Docket No. EP 558 (Sub-No. 25)]
Railroad Cost of Capital--2021
AGENCY: Surface Transportation Board.
ACTION: Notice.
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SUMMARY: The Board is instituting a proceeding to determine the
railroad industry's cost of capital for 2021. The decision solicits
comments on the following issues: The railroads' 2021 current cost of
debt capital; the railroads' 2021 current cost of preferred equity
capital (if any); the railroads' 2021 cost of common equity capital;
the 2021 capital structure mix of the railroad industry on a market
value basis; and the appropriate treatment of Kansas City Southern
(KCS) in light of the merger transaction currently under consideration
in Canadian Pacific Railway--Control--Kansas City Southern, Docket No.
FD 36500. For example, there is not a full year of KCS stock price data
available for 2021.
DATES: Notices of intent to participate are due by March 28, 2022.
Statements of the railroads are due by April 18, 2022. Statements of
other interested persons are due by May 9, 2022. Rebuttal statements by
the railroads are due by May 31, 2022.
ADDRESSES: Comments may be filed with the Board via e-filing on the
Board's website.
FOR FURTHER INFORMATION CONTACT: Pedro Ramirez at (202) 245-0333.
Assistance for the hearing impaired is available through the Federal
Relay Service at (800) 877-8339.
SUPPLEMENTARY INFORMATION: The decision in this proceeding is posted at
<a href="http://www.stb.gov">www.stb.gov</a>.
(Authority: 49 U.S.C. 10704(a))
Decided: February 10, 2022.
By the Board, Board Members Fuchs, Hedlund, Oberman, Primus, and
Schultz.
Raina White,
Clearance Clerk.
[FR Doc. 2022-03340 Filed 2-15-22; 8:45 am]
BILLING CODE 4915-01-P
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