Mr. Mark Griffin:

The company is a commercial semi-State company, with shares held jointly by our Minister and the Minister for Public Expenditure and Reform. Regarding the sorts of governance arrangements that are in place for EirGrid, the Minister for the Environment, Climate and Communications and the Minister for Public Expenditure and Reform jointly agree a letter of expectation.

The most recent one dates from December 2019 to June 2021. It sets out the sorts of things the State wants the company to do, both in terms of financial performance and metrics and in terms of supporting overall Government policy, particularly around the delivery of infrastructure that is necessary to meet our 70% renewable electricity target by 2020. That is the broad framework within which the governance relation between ourselves and EirGrid operates.