Thank you.
Ms. Kenny, I just wanted to follow up on one item, and that's with respect to regulation. Mr. Cannan did touch on it.
If you say “simplify the regulatory process”, I think people will generally nod their heads in agreement. But when you get down to specific regulations, there is generally a reason for each regulation. You mentioned a timeline. Perhaps you could expand on what you mean by the “layering on” of regulation.
The second item, which Mr. Pacetti also raised, refers to the section entitled “Regulation to Address the Costs and Obligations of Retirement of Pipeline Assets”. You discussed it in your brief, but perhaps you would just explain how that's going to work, the establishment of this prescribed trust.
Perhaps you could address those two things.