Wednesday, 3 July 2019

Questions (287)

Thomas P. Broughan


287. Deputy Thomas P. Broughan asked the Minister for Communications, Climate Action and Environment the amount the ESB group invested in the electricity distribution, transmission in networks upgrades, extensions, operations, and routine maintenance in the period 1999 to 2018; the amount it paid as dividend to the Exchequer; the amount borrowed; and if he will make a statement on the matter. [28320/19]

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Written answers (Question to Communications)

While day to day financial matters relating to the ESB Group, including the amounts invested in electricity distribution and transmission, networks upgrades, extensions, operations or routine maintenance, are primarily a matter for the Board and management of ESB, I have requested ESB to revert to the Deputy directly with the historical information sought, where available. The most up-to-date financial information is contained in ESB Annual Report and Accounts 2018 which is available on the ESB website.

With regards to dividends paid, the ESB Group paid a dividend of some €35m for the financial year ended 31 December 2018, of which some €33.4 was paid to the Exchequer and the remainder to the Employee Share Ownership Plan (ESOP).