Decision 44602
Served (printed as 8/7/2015) · Decision · Entire Board
DECISION FOUND THAT FOR 2014, THE COST OF RAILROAD LONG-TERM DEBT WAS 3.58%; THE COST OF COMMON EQUITY WAS 12.06%; THE COST OF PREFERRED EQUITY WAS 3.69%; THE CAPITAL STRUCTURE MIX OF RAILROADS WAS 16.66% LONG-TERM DEBT, 83.34% COMMON EQUITY, AND 0.00% PREFERRED EQUITY; AND THE COMPOSITE RAILROAD INDUSTRY COST OF CAPITAL WAS 10.65%.
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