Ms Eileen Fitzpatrick:

The €13 billion is Irish Water's total estimated cost of capital expenditure. The easiest way to look at it is that there is a business plan which has been approved by the regulator. Therefore, there is a plan. What is happening is that the revenue that was going to come from domestic customers is now coming from the State. The plan in so far as the Commission for Energy Regulation has looked at it is a feasible plan, but one line is being substituted, with the State now taking the place of the domestic customer. Whatever portion of that statement of the plan, if one likes, that was coming from the domestic customer is being substituted and the Government is stepping in in lieu. Everything else in terms of financial expectations and planning etc. stays the same. There is one fixed-----