Ms Maria Graham:

It was funded or cashflowed initially by the Bord Gáis group from its revenue sources. It is now being funded by a loan from the National Pensions Reserve Fund, which will be paid back on commercial terms. That is the reason it will be viewed as part of the overall model that the CER will look at, to see if this is a cost that is appropriate to feed through into customer charges. The National Pensions Reserve Fund, as a State entity, is getting its funding back.