Question-and-Answer Session
Operator
(Operator Instructions). And your first question will comes from the line of Alex Rygiel with FBR.
Alex Rygiel - FBR
Thank you very much and congratulations gentlemen on just another outstanding quarter.
Frank MacInnis
Thank you, Alex.
Alex Rygiel - FBR.
Two questions. First, New York City is a big market for you and Verizon has recently announced that they are going to get very, very aggressive in deploying FiOS fiber-optic cable to the consumer. Do you anticipate having any kind of involvement in that strategy for Verizon?
Frank MacInnis
As long as it pertains to the built space of U.S. commercial and industrial users, absolutely. I doubt very much that we will be interested in anything that reflects residential work even if it’s high-rise condominiums. We just don’t do a whole lot of that and don’t think if it’s a strong or consistent market. But we do continue to build on our position of strength in New York City.
I was particularly struck in listening to Tony’s comments about our energy savings and energy use planning services during his presentation by the fact that Mayor Bloomberg announced very recently a $2 billion initiative to help New York City public institutions save on energy costs. And that is much more of the kind of large long-term initiative that we would be involved in. But fiber-optic cabling is well within our sweet spot of capability and to the extent that it involves increasing the performance of commercial buildings in a built space like New York City absolutely we will be involved, Alex.
Alex Rygiel - FBR.
As it relates to alternative energy, I know you do a little bit of construction of electrical transmission lines up in Canada. Do you have any interest in expanding that in the U.S. and do you have any interest in or do you anticipate any opportunities as it relates to the developing wind energy market?
Frank MacInnis
Interesting question. We have been interested in electrical transmission and distribution for some years. In fact it must be five years or six years now that we looked at a book that was quite bullish about the development prospects for that market. But this is to me one of those markets that keeps receding. The more you advance toward it, the further away it gets. And even current expectations for expansions in that market seem to me to be fairly modest because they are impaired by mundane problems such as permitting, [wimbi] issues and alike.
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