Mr. John McCarthy:

I appreciate that, Chairman, but unfortunately I have to explain it to you in terms of the system that is in place. What has been determined at this stage, through the Commission for Energy Regulation assessment, is that it will be for the period to the end of 2016. All I can say definitely at this stage is that there is a capital contribution going in for 2015 and 2016, and thereafter it will be subject to another review by the Commission for Energy Regulation. I expect that as part of that process there will be a need for a continuing public investment for a period of time, declining while Irish Water's establishment is completed and it can raise money on the markets.