Our eligibility for the clean electricity investment tax credit had long been a request from the industry. Hydro-Québec was pleased to see this included in the latest budget. Since the passage of the budget implementation bill, or Bill C‑15, we can now take advantage of this tax credit.
Mr. Abergel mentioned $200 billion in investments. Since this is a tax credit of up to 15% of expenses, you can imagine the positive impact this will have on project costs, in particular. From Hydro-Québec’s perspective, ultimately, our entire customer base will benefit. By lowering project costs, we will be able to carry out projects at a lower cost, and, ultimately, this will be reflected on both residential and industrial rates.