(Norfolk Southern issued the following news release on December 23.)
NORFOLK, Va. — Norfolk Southern Corporation said it is pleased with the Surface Transportation Board’s timely resolution of the complaint in Carolina Power & Light Company v. Norfolk Southern Railway Company finding a significant portion of its rate increase on coal shipments to several of Carolina Power & Light’s facilities to be reasonable. Norfolk Southern will comment at a later date on the potential effect on earnings.
The Surface Transportation Board issued its decision on Tuesday, December 23, and posted the decision on its web site located at www.stb.dot.gov. in the “Decisions & Notices” section.
Norfolk Southern will report earnings and other results at its regular quarterly meeting with analysts in New York City on Jan. 28, 2004. Presentation materials and a simultaneous web cast of the meeting will be available on Norfolk Southern’s Web site at www.nscorp.com.