Decision 40078
Served (printed as 9/25/2009) · Decision · Entire Board
DECISION FOUND THAT, IN 2008, THE RAILROAD INDUSTRY HAD AN AFTER-TAX COST OF CAPITAL OF 11.75%, BASED ON: (1) A CURRENT COST OF DEBT OF 6.57%; (2) A CURRENT COST OF COMMON EQUITY OF 13.17%; AND (3) A CAPITAL STRUCTURE MIX OF 21.54% DEBT AND 78.46% COMMON EQUITY.
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