For our industry, it's probably a misnomer. It doesn't align well. I think if you look at our business, it's regulated to have certain amounts of debt and certain amounts of equity. That's to keep the cost of energy affordable for customers. It just so happens that the amount of debt is significant relative to other industries. When the debt is high, it spreads the cost of projects over time. We're not collecting monies from customers up front. We're collecting it over time. At the same time, by keeping the equity low, it restricts the amount of return or profits that are available for the shareholder.
The reality is that, when we work our numbers through, the rules don't necessarily work for our industry, hence the reason we have utilities within Electricity Canada members that are having interest denied under the rules.