Oireachtas Joint and Select Committees
Tuesday, 14 January 2014
Joint Oireachtas Committee on Environment, Culture and the Gaeltacht
Expenditure Issues: Irish Water - Uisce Éireann
4:20 pm
Mr. John Barry:
The regulated utility will go through a price control every five years in which we look back and the regulator examines with great scrutiny what we have spent and examines our plans with great scrutiny as to what we will spend in the forthcoming five years. That is part of the regulatory price control model formula. To the extent that we are spending money that has not got full regulatory coverage, this is not unusual at all in that type of model, but we do have to go back and account to the regulator for every penny that we spend.
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