Oireachtas Joint and Select Committees
Tuesday, 1 October 2013
Committee on Transport and Communications: Select Sub-Committee on Communications, Energy and Natural Resources
Gas Regulation Bill 2013: Committee Stage
4:50 pm
Michael Moynihan (Cork North West, Fianna Fail) | Oireachtas source
I move amendment No. 7:
I believe this amendment will prevent the unfair distribution of the current debt of Bord Gáis, which is approximately €1.8 billion or €1.9 billion, onto the new State company. The distribution of the debt from the current company must be divided in a way that reflects the ability of the new companies to build to carry or to service the debt.
In page 16, between lines 9 and 10, to insert the following:
“29. Any disposal by BGÉ of its shares in an energy company shall not result in an increase of the ratio of net debt to shareholder’s equity of BGÉ.”.
I intend to press this amendment.
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