JUNE 30 ORAL ARGUMENT SCHEDULED ON FLORIDA RATE CASE

[STBNews@xxxxxxxxxxx]

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>From the Surface Transportation Board, Washington, D.C.
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The Surface Transportation Board has scheduled an oral argument for
Wednesday, June 30, 2010, at the STB's Washington headquarters.

         Board members will hear from parties in Seminole Electric
         Cooperative, Inc. v. CSX Transportation, Inc., Docket No. NOR
         42110
         ( http://www.stb.dot.gov/decisions/readingroom.nsf/WebDecisionID/40795?OpenDocument )

         . Seminole Electric is challenging the rates CSX is charging for
         coal transported to its generating station near Palatka, Fla.

         In this proceeding, the parties will argue whether CSX has "market
         dominance" over the traffic involved, meaning an absence of
         effective competition. Both sides agree that the rates CSX charges
         exceed 180 percent of the variable costs of providing rail
         service, one of two conditions the STB sets for establishing
         market dominance. The oral argument will focus on the second
         condition, whether Seminole Electric has a viable alternative to
         rail delivery, in this case the delivery of coal by barge from the
         Port of Jacksonville.

         Each side in the case will have 20 minutes to argue its position
         and to respond to questions from Board members, similar to
         proceedings in federal appellate courts. The oral argument is
         scheduled to begin at 9:30 a.m. in the hearing room at STB
         headquarters, 395 E Street S.W. in Washington, DC. Though the
         proceedings are open to the public, only counsel for the parties
         to the cases will be permitted to speak. Photo identification is
         necessary to enter the building.

         A live video broadcast of the oral argument will be available via
         the Board's Web site at http://www.stb.dot.gov, under "Information
         Center"/"Webcast"/"Live Video" on the home page.

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