Michael Moynihan (Cork North West, Fianna Fail)
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I move amendment No. 7:

In page 16, between lines 9 and 10, to insert the following:
“29. Any disposal by BGÉ of its shares in an energy company shall not result in an increase of the ratio of net debt to shareholder’s equity of BGÉ.”.

I believe this amendment will prevent the unfair distribution of the current debt of Bord Gáis, which is approximately €1.8 billion or €1.9 billion, onto the new State company. The distribution of the debt from the current company must be divided in a way that reflects the ability of the new companies to build to carry or to service the debt.

I intend to press this amendment.