I'm disappointed that we weren't able to get E.ON to make a higher bid, ... but they were absolutely adamant that that was their final offer.

Everyone is entitled to their point of view.

Once we had made the strategic decision to sell PacifiCorp, which changes significantly the shape and scale of the group, it was necessary to review our management, operating and cost structures for the continuing businesses,

That's not the way I was thinking about it. Selling PacifiCorp and returning the money to investors was the right decision for shareholder value.

Since the sale of PacifiCorp, we've been looking to restructure

I regret that this was necessary. This was not what I wanted - they are good friends and colleagues. But their roles are no longer needed.