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Press Release

Commercial Distribution Finance and Husqvarna Group Extend Strategic Inventory Finance Program

July 23, 2015

CHICAGO - Commercial Distribution Finance (CDF), a division of GE Capital, announced today that it has extended its strategic inventory finance program with outdoor power equipment manufacturer Husqvarna Group. The program goes to market as Husqvarna Financial Services, which was established in 2005 to provide inventory financing to the thousands of dealers who sell Husqvarna products.


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Press Release

Korea's GS Power Selection of 7HA Gas Turbine Marks 17th GE HA Order

July 16, 2015
  • GE's 7HA.02 gas turbine and clutched steam turbine for district heating in Korea
  • GS Power marks 17th order of GE’s HA technology worldwide
  • First HA Commercial Shipment Enroute to Électricité de France
  • Exelon Breaks Ground on First HA Powered U.S. Plants 

SCHENECTADY, N.Y.-July 16, 2015-In the peak of summer, Korea’s GS Power is preparing for winter.


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Press Release

GE Power & Water Wins Outage Services Work for DTE Energy's Fermi 2 Nuclear Power Plant

July 16, 2015

GE Hitachi and GE Power Generation Services to Provide Full Scope of Outage Services to Plant

MONROE, MICH.-July 16, 2015-Michigan-based DTE Energy (NYSE: DTE) has awarded outage services work to GE Power & Water (NYSE: GE) through GE Hitachi Nuclear Energy (GEH) and GE Power Generation Services (PGS) for the utility’s Fermi 2 Nuclear Power Plant.


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Press Release

GE Capital, Commercial Distribution Finance Extends Inventory Financing Agreement with Excel Industries

July 16, 2015

CHICAGO - GE Capital, Commercial Distribution Finance (CDF) announced today a multi-year extension of its strategic inventory financing agreement with lawnmower manufacturer Excel Industries.  CDF has worked with Excel since 1988.

Headquartered in Hesston, KS, Excel manufacturers a variety of turf care products under the Hustler and BigDog brands.  The products are sold through independent dealers across the United States.


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GE Announces Orders for 10 LMS100 Gas Turbines; LMS100 Backlog Now in Excess of $450 Million

July 15, 2015
  • A Total of 10 LMS100 Units, the World’s Most Efficient Simple-Cycle Gas Turbine, Have been Ordered by Two Customers in North America
  • GE’s Distributed Power Business Expects Further Customer Interest as Flexible Simple-Cycle Equipment is Implemented to Support Growth of Wind and Solar Energy in the Americas

CINCINNATI-July 15, 2015-GE (NYSE: GE) announced today that it has secured 10 orders of its LMS100* aeroderivative gas turbine with two customers in North America in 2Q 2015.


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GE Donates $3,000 to Mental Health America of Roanoke Valley; Supports Suicide Prevention Programs

July 15, 2015
  • Company’s Contribution Helps Educate Community About Teen and Veteran Suicide Prevention
  • Addresses Critical Issue of Increasing and Improving Access to Mental Health Care
  • Continues GE’s Legacy of Giving Back to the Communities Where its Employees Live and Work

 

ROANOKE, Va. - July 15, 2015 - GE (NYSE: GE) is donating $3,000 to Mental Health America of Roanoke Valley (MHARV) to support educational programs focused on teen and veteran suicide prevention.


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GE Signs $80M Agreement with Emera Energy; Pact Includes Upgrades to Tiverton Power Plant

July 15, 2015
  • GE to Install Power FlexEfficiency* Solutions, Including 7F.04 Compressor, Dry Low NOx 2.6+ Combustor and Advanced Gas Path Technology
  • Tiverton Project Marks First North American Combined-Cycle Plant to Combine Three Upgrade Offerings from GE
  • 22 Megawatts of Additional Capacity Will Further Enhance the Profitability of Emera Energy’s Tiverton Facility
  • Emera Energy’s Investment Underscores U.S.
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Press Release

GE Capital, Commercial Distribution Finance And Scag Power Equipment Extend Multi-Year Financing Agreement

July 15, 2015

CHICAGO - GE Capital, Commercial Distribution Finance (CDF) announced today a multi-year extension of its strategic inventory financing program with Scag Power Equipment. CDF has worked with Scag, a manufacturer of lawnmowers and debris handling equipment, since 1997.

Headquartered in Mayville, WI, Scag sells its products through an independent network of dealers and distributors in North America. CDF’s inventory financing enables Scag’s network to stock the optimal amount of product to sell to consumers.


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GE Capital is Administrative Agent on $49.5 Million Credit Facility to Flavor Producers, Inc.

July 15, 2015

CHICAGO -  GE Capital, Corporate Finance today announced it is serving as administrative agent on a $49.5 million senior secured credit facility for Flavor Producers, Inc.  Flavor Producers, a creator of custom-formulated flavors for food and beverage companies globally, will use the funds to explore acquisitions as well as for general working capital needs. GE Capital Markets served as sole lead arranger and bookrunner on the facility.


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Caribbean Island of Bonaire Expanding Drinking Water Plant with GE's Procera* Seawater Desalination Solutions

July 13, 2015
  • Island Utility WEB Bonaire Selects GE to Provide Procera Seawater Solution
  • Expanded Plant to Supply 1,600 Cubic Meters a Day of Desalinated Water to Meet Island’s Needs

TREVOSE, PA.-July 13, 2015-GE (NYSE: GE) today announced it will supply its Procera* water filtration equipment package for a seawater desalination plant expansion project in Hato on the Caribbean island of Bonaire.


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