STAMFORD, Conn. Oct. 25, 2010 -- GE Energy Financial Services, a unit of GE (NYSE: GE), announced today that it is expanding its oil and gas reserves investing business by offering loans for development drilling. In its first transaction involving this new product, GE Energy Financial Services has made a loan to Knox Energy, Inc. -- an exploration and production company based in Columbus, Ohio -- for drilling natural gas wells in central Ohio.
BLISS, Idaho, Aug. 24, 2010 -- Transforming arid farmland into land yielding clean power and jobs, Gov. C.L. "Butch" Otter joined executives of GE (NYSE: GE) and its partners today to celebrate the start of construction of the state's largest wind power project, 8 miles from the Oregon Trail where American pioneers pushed westward across the continent.
business unit
tags
VANCOUVER, BC -- August 9, 2010 --- Plutonic Power Corporation (TSX: PCC) and GE Energy Financial Services, a unit of GE (NYSE: GE), announced today that their Toba Montrose General Partnership ("TMGP") has commenced selling electricity to BC Hydro under an Electricity Purchase Agreement ("EPA") from power generated by the East Toba River and Montrose Creek generation facilities. TMGP has received confirmation from BC Hydro that the project has met its guaranteed commercial operations date commitment under the EPA.
business unit
tags
VANCOUVER, BC -- August 9, 2010 --- Plutonic Power Corporation (TSX: PCC) and GE Energy Financial Services, a unit of GE (NYSE: GE), announced today that their Toba Montrose General Partnership ("TMGP") has commenced selling electricity to BC Hydro under an Electricity Purchase Agreement ("EPA") from power generated by the East Toba River and Montrose Creek generation facilities. TMGP has received confirmation from BC Hydro that the project has met its guaranteed commercial operations date commitment under the EPA.
business unit
STAMFORD, Conn. & FOLSOM, Calif.--Monday, July 26, 2010-- SynapSense Corporation, whose technology improves energy efficiency and cuts power and cooling costs in data centers, announced today that it is deepening its relationship with GE (NYSE: GE) by securing an investment and commercial partnership as part of a focus on digital energy services, the Smart Grid and ecomagination.
business unit
tags
SANDERSVILLE, Ga. & STAMFORD, Conn.--Monday, July 12, 2010-- ArcLight Capital Partners, LLC, through its wholly-owned affiliate AL Sandersville Holdings, LLC, has acquired a 640-megawatt generation facility located in Sandersville, Georgia from KGen Power Corporation for $130 million. GE Energy Financial Services, a unit of GE (NYSE: GE), closed financing as the lead lender of the $98 million in senior secured credit facilities partially financing the acquisition.
business unit
tags
ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter "ITOCHU") and General Electric Company (headquartered in Fairfield, CT; Jeff Immelt, Chairman & CEO) entered into a collaboration and cooperation agreement to identify co-investment opportunities in renewable energy worldwide.
business unit
KING CITY, CA, Thursday, May 20, 2010-- GE Energy Financial Services -- a unit of GE (NYSE: GE) -- announced today it is expanding its 26-gigawatt power portfolio by buying the King City cogeneration power plant in California's Salinas Valley for $68 million. Calpine Corporation (NYSE: CPN), based in Houston, has leased, operated and maintained the plant since 1996 and will continue to do so under GE's ownership.
business unit
tags
ANKARA, Turkey--Thursday, April 29, 2010-- GAMA Energy A.S., a joint venture between GAMA Holding A.S. and GE (NYSE:GE) unit GE Energy Financial Services, today announced their first wind energy projects in Turkey, the 22.5-megawatt Sares and 10-megawatt Karadag wind farms in the country's western region. The projects, costing a total €54 million, feature GE's 2.5-megawatt wind turbines.