The first point is that ESB is a State company and is owned by the people of Ireland. Second, it is making very significant investment in projects now and for the future that will need to be financed by borrowing, and the debt already accumulated by ESB is quite significant. It needs profits to enable it to meet debt obligations and to ensure its capital expansion plans in future can be realised. One of the most important matters for us will be energy security. The question of the amount that can be returned on a d…