Investment program

2002-2006 (Euro million)

 

Previous   Current   Change    Done as

                                                             of Sep.02

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Electricity business, Spain       2,900     1,900    (1,000)      300


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Electricity business, Europe      2,100     1,000    (1,100)      300
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Electricity business,

 Latin America                      900       500      (400)      400

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Telecommunications                  500       700       200       500

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Other businesses                    500       200      (300)      100

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Total investment in

 organic growth                   6,900     4,300    (2,600)    1,600

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Investment in maintenance         6,100     5,400      (700)      600

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TOTAL INVESTMENT                 13,000     9,700    (3,300)    2,200

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