Mr. Denis O'Leary:

It was because the Department was in the middle of a process. There was not any one thing. There is no doubt the change in the intervention area from 850,000 to approximately 550,000 connections was very significant. As I said, that was a commercial decision, which is fine. With regard to the other changes, we were still trying to make a business case. Following much discussion and being advised by the Department that it could go a bit of the way but not the whole way, the shareholders made a decision. We had been at the process for two years and it was not looking like we would get to a position where a business case could be supported by both shareholders. The costs that were being incurred in staying with the process were not insignificant and they continued to grow. A company will bear those costs if it sees something positive on the horizon but when they are mounting up and things are getting more challenging, a decision will be taken. We decided not to go any further.