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ESB Accounts

Dáil Éireann Debate, Wednesday - 4 December 2013

Wednesday, 4 December 2013

Questions (17, 24)

Mary Lou McDonald

Question:

17. Deputy Mary Lou McDonald asked the Minister for Communications, Energy and Natural Resources if he signed off on ESB management's decision to redesignate the company’s defined benefit pension scheme to a defined contribution scheme. [51694/13]

View answer

Mary Lou McDonald

Question:

24. Deputy Mary Lou McDonald asked the Minister for Communications, Energy and Natural Resources if he signed off on the ESB’s annual accounts for 2010, 2011 and 2012. [51692/13]

View answer

Written answers

I propose to take Questions Nos. 17 and 24 together.

The manner in which the ESB accounts for the company’s Pensions Scheme is a matter for the company, bearing in mind the company’s legal obligations to the scheme and the applicable international accounting standards. The Minister for Communications, Energy and Natural Resources each year asks the Government to note the Annual Report and Accounts of the ESB, pursuant to section 32 of the Electricity (Supply) Act 1927, before laying the report and accounts before both Houses of the Oireachtas.

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