Seanad debates

Tuesday, 29 June 2010

Electricity Regulation (Amendment) (Carbon Revenue Levy) Bill 2010: Committee Stage

 

3:00 am

Photo of Jim WalshJim Walsh (Fianna Fail)

I can see the difficulties if the Minister makes an exception for specific companies, even though the Bill makes provision for exceptions in certain areas. I am not sure it envisages this eventuality. I ask the Minister to see if there is some way this can be recognised so those with the historic investment will find themselves in a position to treat it as a windfall and repay it but those who factored the windfall into the capital costs of the purchase cost of generating stations will not be in a such a position. I hope this will not have an impact on further investment in these facilities to bring them to their maximum potential. I look forward to the Minister's reply on the conundrum presented by Senator O'Reilly's amendment.

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