Yes, certainly. The restructuring of AECL has been going on for a little while, so maybe I can speak to where we are in this process. Basically there are two main streams. There is a procurement stream and there is kind of a governance stream to make sure that we go through the restructuring and make sure that in a year from now, roughly speaking—this is the time that we have right now—we can complete the restructuring.
In terms of the governance piece, I mentioned AECL and CNL. What happened very recently is that AECL created what is called Canadian Nuclear Laboratories. This is a wholly owned subsidiary. This subsidiary is now really the operator of the nuclear facility. They have the licence from the regulator. They have transferred all the roughly 3,400 employees. They are all now part of CNL going forward.
CNL will be transferred at the end of the ongoing procurement process to the private sector. There is a procurement process going on right now to select a private sector contractor. At the end of this procurement process, the winning bidder will actually acquire the shares of CNL. This is how CNL will be transferred to the private sector.
The procurement process is going on, the restructuring of AECL is going on, and ultimately, in roughly a year from now, the restructuring will be completed by the transfer of CNL to the winning bidder in the procurement process.
I hope that clarifies it. It's a very simple and fast explanation, but I hope it helps.