GE Stockholders’ Alliance, 5349 W. Bar X Street, Tucson, AZ 85713-6402, and other filers have notified GE that they intend to submit the following proposal at this year’s meeting:

“Whereas U.S. utility deregulation is revealing the excessive cost of nuclear power, leading to the likely early shutdown of many operating reactors.

“Whereas Wall Street reflects diminishing confidence in nuclear utilities; Moody’s average bond ratings for utilities with significant nuclear investments have been dramatically lower than for utilities with no nuclear investments;

“Whereas shaky world economic conditions and growing threats of terrorism make new reactor sales unlikely;

“Whereas reactor deterioration due to premature aging from radiation exposure and corrosion and other technical flaws of GE’s reactors require extensive retrofits to keep them running (such as to modify containments, and core shrouds); the continued operation of these dangerous reactors could result in a catastrophic accident, exposing GE to severe financial risks and exposing workers and the public to potential personal harm;

“Whereas GE-Nuclear Energy brings in only about 1.25% of the Company’s gross revenues;

“Whereas each 1000 megawatt reactor generates enough plutonium each year for at least 40 nuclear bombs;

“Whereas, according to the Rocky Mountain Institute, if enough nuclear reactors were built to mitigate global warming, one would have to go on line every three days for the next 40 years, bankrupting our economy (siphoning scarce monies from renewable energy — the REAL solution to global warming), and adding still more lethal radioactive waste with no safe disposal technology or location for any of it;

“Therefore Be It Resolved that the Shareholders request Management to prepare a report for Shareholders within four months, to examine: (1) the feasibility of implementing the phased withdrawal of GE from the promotion and production of new nuclear power reactors and (2) facilitation of the expedited decommissioning of the GE reactors currently on line. That report should include an evaluation of the economic, ethical, environmental, national security, nuclear weapons proliferation and public health impacts from GE’s continuing participation in nuclear power.

“Supporting Statement: It has been more than 27 years since an order was placed (and not subsequently canceled) for a U.S. nuclear power plant. Strong public opposition to nuclear power is increasing worldwide.

“While GE is under contractual obligation to provide, service and retrofit reactors, we believe GE should (1) negotiate amicable termination that will better protect the fiscal health of the Company and the long-term environmental health of the planet; (2) assist customers in shutting down nuclear operations and installing alternative power sources such as GE’s fine combined-cycle gas-powered generators; and (3) direct the expertise of GE’s nuclear engineers toward the permanent isolation of radioactive waste from the human biosphere. We believe that other nuclear supplier corporations are looking to GE to lead the way with a principled decision to phase out nuclear power.

“There is compelling evidence that GE’s continued participation in nuclear power is contrary to the interests of GE shareholders and the public at large. The requested report will assist shareholders and management in the validity and wisdom of this conclusion. We urge your supporting vote for this resolution.”

Your Board of Directors recommends a vote AGAINST this proposal.

Nuclear power makes a significant contribution to meeting the world’s demand for electricity. In 2000, approximately 17% of the world’s electricity was generated from commercial nuclear plants. The Nuclear Regulatory Commission in the United States and similar regulatory bodies in other countries have the ongoing responsibility to ensure that nuclear facilities operate safely.

The major focus of GE’s profitable nuclear business today is to provide nuclear fuel and plant support services with the aim of enhancing safe and efficient utility operations. These products and services should be available to utility customers throughout the world who need and want them. Your Board believes it is also appropriate for GE to participate in the development of advanced designs for nuclear generating plants for sale, under appropriate conditions and safeguards, to utility customers in areas of the world where a mix of technologies will be necessary to supply a growing and balanced need for electrical generating capacity. Therefore, your Board recommends a vote against this proposal.