For many years Newfoundland and Labrador Hydro has been a regulated utility. In addition to everything else, we've been asked by our shareholders to expand it into an energy company that will include things such as the lower Churchill, and investments in wind, oil and gas, etc.
Corporately, the regulated utility will have to be protected—from the perspectives of risk and low-cost reliability—from any other types of investments we make separate from the regulated utility. In that structure the company overall expects to generate returns, and obviously you have the opportunity for a dividend. But like any other company, we are going to be looking at our debt equity structure—what's best suited for each of our businesses from a debt equity and financing perspective. Then we'll look at the best mix of dividends to the shareholder. We'll look at reinvestment opportunities in wind, oil and gas, and other things. We'll be doing that structured in the fashion of what is good for the business in conjunction with the shareholder.
It remains to be seen, but it will be a combination of making sure the regulated utility is protected in terms of low-cost reliability, making sure the returns are structured properly on our balance sheet, and then splitting what remains between investment opportunities and potential dividends that may be accrued to the shareholder.