45 In the years ahead, we'll continue to strengthen our businesses through selec- tive organic investments and through a clear commitment towards portfolio Investment Plan Our Strategy We've grown our business. Now we're going to optimize and strengthen it. In recent years, we've grown our business considerably. We've extended our geo- graphic footprint into new markets (Russia, Italy, Spain, France), put ourselves among the global leaders in renewables, expanded our gas production, and strengthened our existing businesses in our traditional core markets. These efforts have given us a broad international foot- print, fostered the decarbonization of our generation fleet, and enhanced the security of gas supplies. optimization and streamlining. We've already generated about 6 billion of the more than 10 billion in cash we intend to derive from portfolio optimization by 2010. We plan to make economic invest- ments of about 10 billion in 2010 and of about 24 billion for the period 2010­12. Our main focus will be on strengthening our conventional generation fleet, further enlarging our renewables capacity (mainly in wind power, the most economic and technologically mature renewable), and expanding our natural gas production. We also have to take good care of what we already have. So about 9.9 billion, or 40 percent, of our investments will go particularly towards maintaining and replacing existing generation assets and network infrastructure. One focus will be on our power distribution businesses in Germany, the U.K., and Sweden. We'll also be continuing to modernize our existing power plants by increasing their efficien- cy and extending their operating lives. In both ways--through growth and replacement--we're planting the seeds for future earnings enhancement. You'll find information about our invest- ments along with related commentary in our Financial Report. Forty percent of our total investments go towards maintaining our existing assets.