Yes, and thank you very much for the question.
The smart grid is on the minds of a lot of people and is certainly attracting a great deal of attention in the media. It has attracted the attention of the Obama administration in the United States. Smart grid is all about how we're going to accommodate new technologies on both sides. On the supply side it involves new types of distributed generation and how we're going to be able to accommodate the sorts of technologies that my colleague from Enbridge was talking about today into the grid. That's on the supply side, but it is also about how we're going to accommodate new types of demand, because the demand will change. We are on the cusp of some pretty significant changes in terms of energy use and electricity use around the world. We're on the verge of plug-in hybrids. We're going to see a lot more electricity in transportation as we move to a more carbon-constrained world, and we need to allow for greater customer control over costs. That clearly is where we need to get to.
There's going to be a requirement for some pretty significant investments. What we were looking for, and it continues to be one of the questions we have, is the capital cost allowance treatment. The sorts of technologies that we're talking about are not treated any differently from the old technologies. A new smart meter is effectively a piece of IT. It's not a mechanical meter. It's not a piece of equipment, and much of this equipment is not equipment that will last for generations, like much of the transmission and distribution system that exists today. We're talking about technology that really is IT, so we were looking for a very specific treatment. If the committee is interested, we can provide details in terms of what our recommendations were.