Michael Moynihan (Cork North West, Fianna Fail) | Oireachtas source

I move amendment No. 11:

In page 16, between lines 13 and 14, to insert the following:
“30. The Minister shall, within 12 months of the enactment of this Act, bring forward a report which shall assess whether or not the State received value for money from the sale of an energy company (Bord Gáis Energy).”.

It is vital that the Houses of the Oireachtas and this committee should be kept informed and that a report would be brought to the Houses within 12 months of the enactment of this legislation. We are accountable to the people and to bringing such information to them via the Houses of the Oireachtas. This would assess whether the State was getting value for money in the sale of this asset. In the past, State companies were sold and that was the end of it, with no following reports. I intend to press this amendment.