Thank you very much.
Mr. Toner, you talked about $347 billion of investments in energy assets that have to be made between 2011 and 2030 to address some of the aging energy infrastructure and those types of things, and you said that right now, it's 10 years from initiation to grid with some of these projects.
With that in mind, can you give me some examples of how this has played out under the current legislation. What I'd specifically like to understand is that if we don't have better, smarter regulation, what is going to be the impact on our electricity grid and the aging infrastructure?
The second part of that question is do you see any less rigour under this legislation than you now see to approve projects?