Document Headings

                    Document headings vary by document type but may contain                    the following:                  
                -                       the agency or agencies that issued and signed a document                    
                -                       the number of the CFR title and the number of each part                      the document amends, proposes to amend, or is directly                      related to                    
                -                       the agency docket number / agency internal file number                    
                -                       the RIN which identifies each regulatory action listed in                      the Unified Agenda of Federal Regulatory and Deregulatory                      Actions                    

                    See the                                          Document Drafting Handbook                                        for more details.                  

###### Department of Transportation

###### Surface Transportation Board 

          - [STB Ex Parte No. 558 (Sub-No. 8)] 

# AGENCY:

Surface Transportation Board. 

# ACTION:

Notice of decision instituting a proceeding to determine the railroads' 2004 cost of capital. 

# SUMMARY:

The Board is instituting a proceeding to determine the railroad industry's cost of capital for 2004. The decision solicits comments on: (1) The railroads' 2004 current cost of debt capital; (2) the railroads' 2004 current cost of preferred stock equity capital (if any); (3) the railroads' 2004 cost of common stock equity capital; and (4) the 2004 capital structure mix of the railroad industry on a market value basis. 

# DATES:

Notices of intent to participate are due no later than January 17, 2005. Statements of the railroads are due by March 28, 2005. Statements of other interested persons are due by April 25, 2005. Rebuttal statements by the railroads are due by May 16, 2005. 

# ADDRESSES:

Send an original and 10 copies of statements and a copy of the statement on a 3.5 inch disk in WordPerfect 9.0, and an original and 1 copy of the notice of intent to participate to: Surface Transportation Board, 1925 K Street, NW., Washington, DC 20423-0001. 

# FOR FURTHER INFORMATION CONTACT:

Leonard J. Blistein, (202) 565-1529. (Federal Information Relay Service (FIRS) for the hearing impaired: 1 (800) 877-8339.) 

# SUPPLEMENTARY INFORMATION:

                    The Board's decision is posted on the Board's Web site,                     *http://www.stb.dot.gov.*                     In addition, copies of the decision may be purchased from ASAP Document Solutions by calling 202-306-4004 (assistance for the hearing impaired is available through FIRS at 1-800-877-8339), or by e-mail at                     *asapdc@verizon.net.*

We preliminarily conclude that the proposed action will not significantly affect either the quality of the human environment or the conservation of energy resources. 

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

Decided: December 13, 2004. 

By the Board, Chairman Nober, Vice Chairman Mulvey, Commissioner Buttrey. 

Vernon A. Williams,

Secretary. 

[FR Doc. 04-27630 Filed 12-17-04; 8:45 am] 

BILLING CODE 4915-01-P