SAN JOSE, Calif. & STAMFORD, Conn.--(BUSINESS WIRE)--Sept. 21, 2006--The U.S. Bankruptcy Court for the Southern District of New York today approved the sale of a 35-percent equity interest in Calpine Corporation's (OTC Pink Sheets:CPNLQ) Russell City Energy Center to GE Energy Financial Services for approximately $44 million. Calpine will own the remaining 65-percent interest. GE Energy Financial Services' equity will be applied toward completion of development and construction of the power plant, and it also will provide related credit support for the project.
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SOUTH POINT, Hawaii & STAMFORD, Conn.--(BUSINESS WIRE)--Sept. 13, 2006--GE Energy Financial Services announced today that it is financing the construction and operation by Tawhiri Power LLC of the southern-most wind farm in the United States. Powered by strong prevailing trade winds, the 21-megawatt Pakini Nui Wind Project is at South Point, one of the world's windiest habitable locations, on the island of Hawaii (the "Big Island").
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VANCOUVER, British Columbia & STAMFORD, Conn.--(BUSINESS WIRE)--Aug. 30, 2006--Plutonic Power Corporation (TSX VENTURE: PCC) announced today that it has granted a Canadian affiliate of GE Energy Financial Services (NYSE:GE) the exclusive right to provide CAN$100 million of project equity as well as lead a CAN $400 million debt financing for construction of the East Toba/Montrose Creek run-of-river hydroelectric project located 190 kilometres northwest of Vancouver.
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HOUSTON & STAMFORD, Conn.--(BUSINESS WIRE)--Aug. 14, 2006--Kinder Morgan, Inc. (NYSE: KMI) today announced it will sell its natural gas retail distribution and related operations serving 260,000 customers in Colorado, Nebraska, Wyoming and Hermosillo, Mexico, to GE Energy Financial Services for $710 million plus working capital. The transaction is subject to certain closing conditions and regulatory approvals, including approvals from state utility commissions. The transaction is expected to close by the end of the first quarter of 2007.
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MIDLAND, Texas--(BUSINESS WIRE)--Aug. 14, 2006--Clayton Williams Energy, Inc. (NASDAQ-NMS:CWEI) and GE Energy Financial Services announced today that an affiliated partnership, West Coast Energy Properties, L.P., has acquired certain producing oil and gas assets in California and Texas for $58 million.
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ATLANTA & STAMFORD, Conn.--(BUSINESS WIRE)--July 24, 2006--Expanding into an industry requiring major infrastructure investment, GE Energy Financial Services announced today that it has formed a team concentrating on the water market and that it has made its first investment: $18 million in a state-of-the-art wastewater reclamation plant near Atlanta.
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STAMFORD, Conn. & SAN DIEGO--(BUSINESS WIRE)--July 21, 2006--Expanding its investments in oilfield services, GE Energy Financial Services announced today that through its affiliates, it has provided a total of US $175 million to three Canadian companies. The transactions with High Arctic Energy Services Trust, Western Lakota Energy Services and Production Enhancement Group were announced today at the Association of Energy Service Companies 50th Annual conference in San Diego.
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BIG SPRING, Texas--(BUSINESS WIRE)--July 18, 2006--Airtricity, Inc., a leading renewable energy company, announced today that it has agreed on $120 million in project equity investment with GE Energy Financial Services, Fortis Capital and Wells Fargo for a 125-megawatt wind farm under construction in West Texas.
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LONDON & SAN DIEGO--(BUSINESS WIRE)--June 29, 2006--Expanding its innovative solar roof investment program, Solar Integrated Technologies, Inc. (AIM: SIT.LN), a leading provider of building integrated photovoltaic roofing systems, announced today that it has completed the installation of solar panels doubling as roofs on five additional schools in San Diego. A total of 19 schools now have solar roofs manufactured, constructed and installed by Solar Integrated since the program with GE Energy Financial Services began in April 2005.
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SERPA, Portugal--(BUSINESS WIRE)--June 6, 2006--GE Energy Financial Services, PowerLight Corporation and Catavento Lda broke ground today on the world's largest solar photovoltaic power project. The 11-megawatt solar power plant, comprising 52,000 photovoltaic modules, is under construction in Serpa, Portugal, 200 kilometers (124 miles) southeast of Lisbon in one of Europe's sunniest areas.