As of July 2021, we have updated our formula and that we are making progress. When I speak about operations and maintenance, there are a number of activities, such as water, waste-water systems and equipment. It's the water mains, plants, sewer mains, booster stations and lift stations. These are all part of what it takes to successfully operate a water treatment plant, but it's also the operator, salaries, daily cleaning, testing and inspections.
One of the big commitments is that we now have a formula. I would also note that in addition to being industry standard, it does have consideration for remoteness. It also has an adjustment for inflation that's built into the O and M formula structure to allow for growth. Any sort of new asset that is constructed would also be subject to an update in the formula.
As I mentioned earlier, if there are complexities due to a particular system, or solution, there's flexibility for us to work with first nations to increase that funding, if and when that is required.