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12/14/2004



Rail News: Rail Industry Trends

STB issues rulings on five rail-related cases at open voting conference


Yesterday, the Surface Transportation Board addressed seven cases at an open voting conference in Washington, D.C.

Among the five cases pertaining to the railroad industry, board members voted unanimously to:
• deny Railroad Ventures Inc.'s (RVI) petition to reopen an offer of financial assistance proceeding regarding the sale and proposed abandonment of a line in eastern Ohio and western Pennsylvania. Members also granted a motion by line purchasers Columbiana County Port Authority and Central Columbiana & Pennsylvania Railway Inc. requiring RVI to show whether funds the STB ordered to be transferred as a condition to the line's forced sale were spent according to board conditions;
• dismiss a rate case against Burlington Northern Santa Fe because evidence submitted by utilities Arizona Public Service Co. and PacifiCorp on the impending shutdown of a coal mine near Gallup, N.M., affects the stand-alone cost analysis the STB adopted previously and vacates a previously prescribed rate;
• make technical corrections to a prior decision addressing Public Services Co. of Colorado's (d/b/a Xcel Energy) challenge of BNSF's rates to move coal from the Powder River Basin to an electric generating plant near Brush, Colo.;
• instruct Otter Tail Power Co. and BNSF to file supplemental evidence to enable board members to analyze traffic-group issues raised in a rate complaint case; and
• begin a proceeding to determine the railroad industry's cost of capital for 2004.


Contact Progressive Railroading editorial staff.

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