Oireachtas Joint and Select Committees

Wednesday, 15 January 2014

Public Accounts Committee

Oversight of Irish Water: Discussion

8:20 pm

Ms Maria Graham:

With regard to capital requests which met the requirements of the gas legislation, we had approval from the Department of Public Expenditure and Reform in September 2012 which was subsequently updated. This was seen as an investment in the utility and would be reflected in the regulated asset base of the company. We gave approval through a cost recovery letter which was an undertaking from our Minister that if for any reason the project halted, these expenditure commitments would be addressed.

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