Jim Walsh (Fianna Fail)

-----rather than consistently having amendments ruled out of order.

On the subject under discussion, I am not sufficiently proficient to give a view, but I made a point on Second Stage regarding a matter of concern to me, in respect of which I applauded the introduction of this legislation. Taking away such windfall profits from the generating companies makes them focus to a much greater extent on their commercial cost base, rather than having in-built cushions which sometimes give rise to inefficiencies. With regard to the rate of 65%, I understand this means such companies will retain 35% of the profits which, on the face of it, appears high. Perhaps there is a good reason for this.