I think important progress has been made and continues to be made. When you have in excess of $2 billion in an asset base that is exposed to harsh conditions in a marine environment, from depreciation and wear and tear alone, the money we're putting in is just to try to keep that asset base whole and safe and usable for our clients. When Mr. Hegge and Mr. Bergeron were here on Tuesday, they gave you the figures related to a life cycle management study, and said we really should be spending $114 million a year on projects directing the infrastructure. Now we're spending $82 million, I think it is, this year. So there's this gap, the $32-million gap, and that's there even with the $20 million of the IRP that's just been reinstated. So there is a significant gap, and this means we're not really keeping up with keeping the asset base whole and spending what some would argue a good custodian of these properties should be spending.
On May 31st, 2007. See this statement in context.