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ARTICLE · 09 JANUARY 2017

Canadian Transportation Agency Closes Railway Capital Structure Consultation

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CanadaTransport
François Tougas
François Tougas
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Outcome Affects Regulatory Costing under the Maximum Revenue Entitlement Program, Regulated Interswitching and Final Offer Arbitration

The Canadian Transportation Agency recently invited submissions regarding a consultation on the methodology for determining the capital structure of Canadian Pacific Railway Company (CP) and Canadian National Railway Company (CN) under the maximum revenue entitlement (MRE) program. The purpose of the consultation was for the determination of CN's and CP's cost of capital, an important component in not only the MRE, but also interswitching rates and other specified regulatory purposes, such as calculating long run variable costs in final offer arbitration proceedings.

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