Mr. John McCarthy:

Protection of the taxpayer and protection of the customer were central to the set of governance arrangements that have been in put place and the function was given clearly to the Commission for Energy Regulation to have a role in examining both the establishment and operational costs of Irish Water to ensure in effect only efficiently incurred costs are passed on to the system. The CER is at a pretty advanced stage and will move on in the next week or two in terms of its draft water charges plan, having completed that process.