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>From the Surface Transportation Board, Washington, D.C.
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The Surface Transportation Board today instituted a public proceeding to
examine the regulatory effects of the price Berkshire Hathaway paid when it
acquired BNSF Railway last year.
In May, the Western Coal Traffic League petitioned the Board
to adjust its costing system as a result of the purchase
price. BNSF opposed this effort.The Board has discretionary
authority to issue a declaratory order to terminate a
controversy or remove uncertainty. While this proceeding is
underway, the Board will continue using the purchase price at
issue in its costing and revenue adequacy calculations. If
the Board later determines that different calculations are in
order, it will consider any necessary recalculations or
revisions at that time.
“This formal proceeding will allow stakeholders and the
public to bring their perspectives to the Board,” said STB
Chairman Daniel R. Elliott III. “This complex issue should be
examined in a transparent way, with the inclusion of as many
views and voices as possible."
Today’s decision in Western Coal Traffic League—Petition for
Declaratory Order
( http://www.stb.dot.gov/decisions/readingroom.nsf/WebDecisionID/41765?OpenDocument )
, Docket No. FD 35506, which includes a schedule for
submitting public comments, can be found on the Board’s
website, www.stb.dot.gov.
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