Results 28,781-28,800 of 34,780 for speaker:Seán Fleming
- Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)
Seán Fleming: That is great.
- Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)
Seán Fleming: That is welcome news. It is good to hear that. My final question is to Mr. Tierney in Irish Water. What is the figure for the company’s income this year from its 200,000 customers?
- Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)
Seán Fleming: Irish Water will have an income of €190 million. Will part of that fund the company’s establishment costs?
- Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)
Seán Fleming: Will it help to recoup some of the payments back to local authorities for carrying out the work?
- Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)
Seán Fleming: In addition to the payment Irish Water will make to local authorities for the work they do on an agency basis for Irish Water, how much will it cost each year for the company’s headquarters and seven regional offices? Mr. Tierney must have a figure for this year.
- Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)
Seán Fleming: Yes, ongoing costs, not set-up costs. I refer to annual costs.
- Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)
Seán Fleming: I am not talking about personnel. I refer to the cost of maintaining and running the head office and regional offices.
- Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)
Seán Fleming: No, just the cost of the premises.
- Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)
Seán Fleming: Okay, that is fine. This is my last question. Mr. Tierney mentioned the possibility of €2 billion in savings in the coming years. Could he elaborate on that? How does he see that being achieved? I do not wish to get into the debate begun by Deputy O’Donnell, but at the moment, when local authorities fix pipes or take up a water main-----
- Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)
Seán Fleming: -----or a section of pipe, the expenditure is met from current costs. In the new arrangement, if 20 m of pipe needs to be replaced, will Irish Water take the view that the pipe is good for 20 years and that the expenditure should be capitalised and not be part of current costs? Will Irish Water say how wonderful it is and say it has cut 50% off its current costs because, in effect, the cost...
- Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)
Seán Fleming: It is good to hear that. I will ask the regulator for his view on what is a capital cost versus what is a current cost that has to be met from current billings.
- Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)
Seán Fleming: Mr. McGowan has just contradicted Mr. Dempsey.
- Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)
Seán Fleming: Mr. Dempsey has given me the impression that if he lays a new pipe, it will be a current cost.
- Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)
Seán Fleming: If Irish Water goes out to fix a broken pipe and it is decided to replace 30 m of the pipe, it is easier to do that-----
- Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)
Seán Fleming: What is the threshold? Mr. Dempsey must have an accounting policy.
- Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)
Seán Fleming: That is fine.
- Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)
Seán Fleming: What is the figure?
- Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)
Seán Fleming: Therefore, any job that costs more than €1,500 will go on the balance sheet-----
- Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)
Seán Fleming: That is why-----
- Public Accounts Committee: Oversight of Irish Water: Discussion (15 Jan 2014)
Seán Fleming: Yes. This is my final question. Mr. Dempsey knows where I am coming from. If there is a burst pipe and it is replaced, then there is a new pipe. Is that an asset?