PUBLIC & MEDIA ADVISORY: SURFACE TRANSPORTATION BOARD TO HOLD DECEMBER 4 PUBLIC HEARING ON PROPOSED METHODOLOGY FOR DETERMINING RAIL INDUSTRY'S "COST OF CAPITAL"

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>From the Surface Transportation Board, Washington, D.C.
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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(
 http://www.stb.dot.gov/decisions/readingroom.nsf/WebDecisionID/38481?OpenDocument
 )
 .  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@xxxxxxxxxxxx


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