Notice2023-05493
60-Day Notice of Intent To Seek Extension of Approval of Collection: Rail Depreciation Studies
Primary source
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Published
March 17, 2023
Issuing agencies
Surface Transportation Board
Abstract
As required by the Paperwork Reduction Act of 1995 (PRA), the Surface Transportation Board (STB or Board) gives notice of its intent to seek approval from the Office of Management and Budget (OMB) for an extension of the collection of Rail Depreciation Studies, described below.
Full Text
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<title>Federal Register, Volume 88 Issue 52 (Friday, March 17, 2023)</title>
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[Federal Register Volume 88, Number 52 (Friday, March 17, 2023)]
[Notices]
[Pages 16512-16513]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-05493]
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SURFACE TRANSPORTATION BOARD
60-Day Notice of Intent To Seek Extension of Approval of
Collection: Rail Depreciation Studies
AGENCY: Surface Transportation Board.
ACTION: Notice and request for comments.
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SUMMARY: As required by the Paperwork Reduction Act of 1995 (PRA), the
Surface Transportation Board (STB or Board) gives notice of its intent
to seek approval from the Office of Management and Budget (OMB) for an
extension of the collection of Rail Depreciation Studies, described
below.
DATES: Comments on this information collection should be submitted by
May 16, 2023.
ADDRESSES: Direct all comments to Chris Oehrle, PRA Officer, Surface
Transportation Board, 395 E Street SW, Washington, DC 20423-0001, or to
<a href="/cdn-cgi/l/email-protection#97c7c5d6d7e4e3f5b9f0f8e1"><span class="__cf_email__" data-cfemail="5f0f0d1e1f2c2b3d71383029">[email protected]</span></a>. When submitting comments, please refer to ``Paperwork
Reduction Act Comments, Rail Depreciation Studies.'' For further
information regarding this collection, contact Pedro Ramirez at (202)
245-0333 or <a href="/cdn-cgi/l/email-protection#5e2e3b3a2c31702c3f33372c3b241e2d2a3c70393128"><span class="__cf_email__" data-cfemail="5c2c39382e33722e3d31352e39261c2f283e723b332a">[email protected]</span></a>. Assistance for the hearing impaired
is available through the Federal Relay Service at (800) 877-8339.
SUPPLEMENTARY INFORMATION: Comments are requested concerning each
collection as to (1) whether the particular collection of information
is necessary for the proper performance of the functions of the Board,
including whether the collection has practical utility; (2) the
accuracy of the Board's burden estimates; (3) ways to enhance the
quality, utility, and clarity of the information collected; and (4)
ways to minimize the burden of the collection of information on the
respondents, including the use of automated collection techniques or
other forms of information technology, when appropriate. Submitted
comments will be included and summarized in the Board's request for OMB
approval.
Subjects: In this notice, the Board is requesting comments on the
extension of the following information collection:
Description of Collection
Title: Rail Depreciation Studies.
OMB Control Number: 2140-0028.
Form Number: None.
Type of Review: Extension without change.
Respondents: Class I railroads.
Number of Respondents: Seven.
Estimated Time per Response: Approximately 250 hours per study
(estimating that studies will require between 125 hours and 375 hours
depending on the extent to which the carrier provides assistance to
outside consultants performing the study for them)
Frequency of Response: Bi-annual. (Under 49 CFR part 1201,
Sec. Sec. 4-1 to 4-
[[Page 16513]]
4, the Board requires all Class I (large) carriers to submit
depreciation studies no less than every three years for equipment
property and every six years for road property. That means that for any
given six-year period, the Class I railroads must submit no less than
three depreciation reports, or the equivalent of 0.5 depreciation
reports per year.)
Total Annual Hour Burden: 875 hours (250 hours x 0.5 studies/year x
7 Class I railroads).
Total Annual ``Non-Hour Burden'' Cost: Approximately $210,000 per
year. Board staff estimates that each study will cost between $20,000
and $100,000, which equals a cost of approximately $10,000-$50,000 per
year. Using an average cost ($30,000 per year x 7 Class I railroads),
the non-hour burden cost is estimated to be approximately $210,000 per
year.
Needs and Uses: Under 49 CFR part 1201, Sec. Sec. 4-1 to 4-4, the
Board is required to identify those classes of property for which rail
carriers may include depreciation charges under operating expenses, and
the Board must also prescribe a rate of depreciation that may be
charged to those classes of property. Under 49 U.S.C. 11145, Class I
rail carriers are required to submit Depreciation Studies to the Board.
Information in these studies is not available from any other source.
The Board uses the information in these studies to prescribe
depreciation rates. These depreciation rate prescriptions state the
period for which the depreciation rates therein are applicable. Class I
railroads apply the prescribed depreciation rates to their investment
base to determine monthly and annual depreciation expense. This expense
is included in the railroads' operating expenses, which are reported in
their R-1 reports (OMB Control Number 2140-0009). Operating expenses
are used to develop operating costs for application in various
proceedings before the Board, such as in rate reasonableness cases and
in the determination of railroad ``revenue adequacy.''
Under the PRA, a Federal agency that conducts or sponsors a
collection of information must display a currently valid OMB control
number. A collection of information, which is defined in 44 U.S.C.
3502(3) and 5 CFR 1320.3(c), includes agency requirements that persons
submit reports, keep records, or provide information to the agency,
third parties, or the public. Under 44 U.S.C. 3506(c)(2)(A), Federal
agencies are required to provide, prior to an agency's submitting a
collection to OMB for approval, a 60-day notice and comment period
through publication in the Federal Register concerning each proposed
collection of information, including each proposed extension of an
existing collection of information.
Information from certain schedules contained in these reports is
available at the Board's website at <a href="http://www.stb.gov">www.stb.gov</a> by navigating to
``Reports & Data'' and clicking on ``Economic Data.'' Information in
these reports is not available from any other source.
Dated: March 14, 2023.
Aretha Laws-Byrum,
Clearance Clerk.
[FR Doc. 2023-05493 Filed 3-16-23; 8:45 am]
BILLING CODE 4915-01-P
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