# 2026-07852: Trains Keep Chugging: Railroad Lease Renewal Ensures Smooth 20-Year Ride

2026-07852, Tazewell & Peoria Railroad, Inc.-Lease and Operation Exemption-Peoria and Pekin Union Railway Company, is a Federal Register notice from Surface Transportation Board published 2026-04-23; PRIA reads it as touching household money (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2026-07852
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-07852
- Title: Tazewell & Peoria Railroad, Inc.-Lease and Operation Exemption-Peoria and Pekin Union Railway Company
- Type: Notice
- Agencies: Surface Transportation Board
- Citation: 91 FR 21860
- Published: 2026-04-23
- Effective: unknown
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

Trains Keep Chugging: Railroad Lease Renewal Ensures Smooth 20-Year Ride

## Summary

Tazewell & Peoria Railroad is renewing its lease to keep running trains on about 19 miles of Peoria and Pekin Union Railway tracks for the next 20 years, with options to extend. This means no big changes for workers or customers, but the company must notify employees and unions before the deal kicks in. The lease keeps things rolling smoothly without extra costs or surprises.

## Effects PRIA read

- 20-Year Lease Keeps Rail Service: benefit, medium. Tazewell & Peoria Railroad will continue to lease and operate about 19.3 miles of Peoria and Pekin Union Railway track under a new Lease Agreement that lasts 20 years and allows two five-year extensions. That means the same carrier will keep running the lines, preserving continuity of service for c…
- Employee/Union Notice Requirement and Waiver: mixed, low. Because TZPR reports annual revenues over $5 million, the carrier must post notice at the workplace and serve national union offices at least 60 days before the exemption takes effect. TZPR has asked the Board to waive that 60-day requirement so the exemption could take effect 30 days after filing…
- No Environmental or Historic Review Required: cost, low. The Board says this lease and operation exemption is categorically excluded from environmental review under 49 CFR 1105.6(c) and from historic preservation reporting under 49 CFR 1105.8(b). That means the action will proceed without those reviews under the cited rules.

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## Sources
- [2026-07852 on federalregister.gov](https://www.federalregister.gov/documents/2026/04/23/2026-07852/tazewell-and-peoria-railroad-inc-lease-and-operation-exemption-peoria-and-pekin-union-railway)
- [2026-07852 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-04-23/pdf/2026-07852.pdf)

## Related
- [Previous: 2026-07854, Saba Capital Income & Opportunities Fund II, et al.](https://policyrisk.com/federal-register/2026-07854)
- [Next: 2026-07853, Agency Information Collection Activities: Requests for Comments; Clearance of a…](https://policyrisk.com/federal-register/2026-07853)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-07852 (as of 2026-06-08).