The industry is evolving very quickly, which, obviously, is an issue when you're talking about infrastructure that takes two decades to build. I think there are three things that need to change. First, we need markets so that a large number of players—consumers, businesses, utilities, independent power producers, distributed generators—can actually trade energy in those markets-to-be, and that includes energy storage obviously, time arbitrage, or offering other services to grid.
In order to have this distributed grid, digitized grid, we need to modernize it to allow for two-way power flows, to allow for protection that will work to have higher reliability so that we don't turn off our generation assets when there's a glitch. For those two things to happen, a third one needs to happen. We need to update regulations.
The regulatory environment in Canada is not designed for that modernized grid. We need to look at new ways of doing things, like incentives for a more reliable grid, incentives to reduce the cost, incentives to invest and innovate in the grid, as is happening in other jurisdictions across the world, the U.K. being one. Those things need to happen. I think that as far as urgency, that's probably far more urgent than building a lot of new transmission lines.