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###### Department of Transportation

###### Surface Transportation Board

          - [Docket No. EP 558 (Sub-No. 14)]

# AGENCY:

Surface Transportation Board.

# ACTION:

Notice of decision instituting a proceeding to determine the railroad industry's 2010 cost of capital.

# SUMMARY:

                        The Board is instituting a proceeding to determine the railroad industry's cost of capital for 2010. The decision solicits comments on the following issues: (1) The railroads' 2010 current cost of debt capital; (2) the railroads' 2010 current cost of preferred equity capital (if any); (3) the railroads' 2010 cost of common equity capital; and (4) the 2010 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—2009,*                         EP 558 (Sub-No. 13) (STB served Oct. 29, 2010).                    

# DATES:

Notices of intent to participate are due by March 8, 2011. Statements of the railroads are due by April 29, 2011. Statements of other interested persons are due by May 19, 2011. Rebuttal statements by the railroads are due by June 8, 2011.

# 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.dot.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. 14), 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 (800) 877-8339.

# SUPPLEMENTARY INFORMATION:

                    The Board's decision is posted on the Board's Web site,                     *http://www.stb.dot.gov.*                     Copies of the decision may be purchased by contacting the Board's Office of Public Assistance, Governmental Affairs, and Compliance at (202) 245-0236. Assistance for the hearing impaired is available through FIRS at (800) 877-8339.                

This action will not significantly affect either the quality of the human environment of the conservation of energy resources.

Authority: 49 U.S.C. 10704(a).

Decided: February 18, 2011.

By the Board, Chairman Elliott, Vice Chairman Nottingham, and Commissioner Mulvey.

Jeffrey Herzig,

Clearance Clerk.

[FR Doc. 2011-4157 Filed 2-23-11; 8:45 am]

BILLING CODE 4915-01-P