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2 N.J.A.R. 256

Transportation, Department of; New York, Susquehanna & Western Railroad v
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Citation: 2 N.J.A.R. 256
Decision Date: 1979
Synopsis: This case concerns an application for abandonment of a railroad, submitted to the New Jersey Department of Transportation, pursuant to N.J.S.A. 48:2-24. This application, made in accordance with a federal court order for cessation of operations and liquidation because continued operation would erode the collateral of creditors and would serve no purpose towards reorganization, should proceed as an application of any other New Jersey public utility would before the legal cessation of operations in this State. This procedure includes a full administrative hearing to examine the impact of such cessation on public convenience and necessity. The major factors to be considered are the cost of providing the service, the local need, and the availability and adequacy of alternate transportation facilities. Kenneth S. Levy, and Kenneth M. Worton, Deputy Attorneys General, for the Department of Transportation (John J. Degnan, Attorney General of New Jersey, Attorney) Richard Honig, Esq., for the Trustee in Bankruptcy (Ravin, Katchen and Greenberg, Attorneys) Michael R. Griffinget, Esq., for the Indenture Trustees (Crummy, DelDeo, Dolan and Purcell, Attorneys)