CHICAGO - GE Capital, Corporate Finance today announced it is providing a $400 million credit facility to help fund the acquisition of Wise Metals Intermediate Holdings LLC (Wise) by Constellium N.V. (NYSE and Euronext: CSTM), a global producer of aluminum products. Wise is North America’s third-leading producer of aluminum can sheet for the beverage industry. GE Capital Markets served as lead arranger and joint bookrunner on the facility.
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Company Set to Supply Fuel for the Entire 60-year Life of the Plant
WILMINGTON, NC-Jan. 26, 2015- Global Nuclear Fuel (GNF), a joint venture majority owned by GE, today announced that it has been selected by Nebraska Public Power District (NPPD) to continue to provide fuel reloads for the Cooper Nuclear Station. The fuel supply contract runs through January 2034 and includes nine reloads that will potentially provide fuel to the 810 megawatt boiling water reactor during its remaining lifetime. The total value of the contract is more than $100 million.
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Eden Prairie, Minn. - GE Capital Fleet Services today announced that it has named Eric Stanley as Managing Director, Southeast Region, based in Atlanta.
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- New Forum report, The Future of Electricity, finds that the electricity sector faces increased uncertainties and declining returns for utilities as it seeks to make the transition to a low-carbon system
- Report offers guidance on transforming the electricity sector to a more sustainable, affordable and reliable system; outlines recommendations to achieve an estimated $7.6 trillion in investments needed by 2040 to meet energy policy objectives
- Report also identifies dimensions of policy, market design and business m
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Safety, regulatory compliance and rising maintenance costs cited as key concerns across all fleets
Eden Prairie, Minn. - According to a study released today by GE Capital Fleet Services, companies that own their vehicle fleets report that they are challenged by capital expenditure limitations and the total cost of ownership of their fleets.
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CHICAGO, IL ― GE Capital, Commercial Distribution Finance (CDF), a leading provider of inventory financing to the music industry, is exhibiting at the National Association of Music Merchants’ (NAMM) annual winter show in Anaheim, CA, January 22-25. NAMM is the world’s largest trade-only event for the music products industry.
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- Two 7HA.02 Gas Turbines to Replace Three Coal-Fired Units, Providing High Efficiency and Lowering Emissions to Help Tennessee Valley Authority (TVA) Meet Agreement with U.S. EPA
- Plant to Support Memphis Area and Region with Cleaner, Reliable Energy
- TVA Project Marks the 15th HA Order
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io is a new model of consulting in offshore field developments
15th January 2015 - GE Oil & Gas (NYSE: GE) (“GE”) and McDermott International, Inc. (NYSE: MDR) (“McDermott”) today launched io oil & gas consulting, a new independent venture to transform the development of front-end solutions for offshore fields.