FOR RELEASE
Contact: Janie Sheng (202) 245-0221
10/24/2007 (Wednesday)
No. 07-36


FedRelay 1 (800) 877-8339
www.stb.gov
PUBLIC & MEDIA ADVISORY: SURFACE TRANSPORTATION BOARD TO HOLD DECEMBER 4 PUBLIC HEARING ON PROPOSED METHODOLOGY FOR DETERMINING RAIL INDUSTRY'S "COST OF CAPITAL"


Surface Transportation Board (Board) Chairman Charles D. Nottingham today announced that the Board will hold a public hearing on December 4, 2007, in the agency proceeding, Methodology To Be Employed in Determining the Railroad Industry's Cost of Capital, STB Ex Parte No. 664. The Board is holding this hearing because this rulemaking could have significant impacts upon rail stakeholders and a wide range of Board decisions. The hearing will provide parties of record the opportunity to further discuss the Board's proposal to use the "Capital Asset Pricing Model" (CAPM) methodology to determine the rail industry's estimated cost of capital, and the comments submitted in this proceeding.


The Tuesday, December 4, 2007, hearing will begin at 10:00 a.m. in the Board's Hearing Room on the 1st Floor of the agency's headquarters at Patriots Plaza, 395 E Street, S.W., Washington, D.C.


The Board officially announced the December 4 hearing in STB Ex Parte No. 664 in a decision issued to the public today, October 24, 2007. That decision established due dates for those wishing to speak at the hearing to advise the agency of their intent to participate and to request a time allotment, and for the submission of written testimony. Today's decision is available for viewing and downloading via the Board's Web site at http://www.stb.dot.gov. A printed copy of the agency's decision also is available by contacting ASAP Document Solutions, 9332 Annapolis Rd., Suite 103, Lanham, MD 20706, telephone (202) 306-4004, or via asapdc@verizon.net.


###