The Surface Transportation Board has started a proceeding to assess the railroad industry's cost of capital for the year 2020. They are inviting comments on different aspects, such as the 2020 cost of debt capital, preferred equity capital, common equity capital, and the overall capital structure of the railroad industry based on market value. Interested parties must submit their notices of intent to participate by March 29, 2021, and statements should be submitted by various deadlines in April, May, and June 2021, depending on the specific group. More details, including how to submit comments, are available on the Board's website.
Simple Explanation
The Surface Transportation Board is figuring out how much railroads needed to spend to borrow money and other investment costs for the year 2020. They are asking people to share their thoughts about this by certain dates.