ESB chief criticises 'negative' tone of McCarthy report

The Chief Executive of the ESB has criticised what he called the negative tone adopted in Colm McCarthy's report towards the semi-state company.

Speaking at a lunch held by the Chartered Accountants of Ireland, Padraig McManus said the report contained errors in relation to the ESB's pension figures but he conceded that the electricity supplier has a cost base issue that needs to be addressed.