Noel Dempsey (Meath, Fianna Fail)

With other legislation covering the single electricity market and other energy issues, the Department had to abandon the Bill for transforming BGE into a plc. For that reason, I decided to include it in the Energy (Miscellaneous Provisions) Bill. That is why it is not contained in separate legislation.

Regarding how close the ESOP will be to the full value of €38,000, it will depend on the value of the company at the time. I am informed the value of the ESOP will be approximately €25,000, not the full value.

The unbundling of transmission and distribution operations and other matters are subject to separate legislation and EU directives and there was no need to include them in this Bill.

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