The Path Forward

STRONGER BALANCE SHEET Maintaining Strong Liquidity Position Liquidity position well above target minimum level of $1.7B C$ (billions) 1.4 1.2 1.0 2.2 2.1 2.0 % of trailing 2007 2008 2009 2010 2011 2012 12-month 12% 9% 14% 20% 18% 17% operating revenues 2013 INVESTOR DAY 15

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