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Press Release

Five GE Capital, Rail Services Employees Elected to Association of American Railroads' Associate Advisory Board Committees

December 18, 2014

CHICAGO, Dec 18, 2014 - GE Capital, Rail Services  today announced that five of its employees have been elected to the Association of American Railroads (AAR) Associate Advisory Board (AAB) committees.

Elected members are:


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Press Release

GE Improves Grid Reliability with New UL-Certified Smart Meters

December 15, 2014
  • GE Continues to Lead the Industry in Achieving UL Safety Certification for Smart Meters
  • GE’s Commercial and Industrial Smart Meters Now Join its Residential Smart Meters in Achieving UL Certification

 


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Press Release

GE Capital Agents $19 Million Senior Secured Credit Facility for Rapid Micro Biosystems, Inc.

December 15, 2014

BETHESDA, MD, dec. 15, 2014 - GE Capital’s Healthcare Financial Services business announced today that it has agented a senior secured credit facility of up to $19 million for Rapid Micro Biosystems, Inc. The company provides innovative products for faster detection of microbial contamination in the manufacture of pharmaceutical, biotechnology, and personal care products. The financing, comprised of a revolving credit facility and two term loan facilities, will provide working capital as the company ramps up the commercialization of its products.


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Recreational Vehicle Industry Expects Sales to Increase Next Year, Says New GE Capital Survey

December 11, 2014

CHICAGO  - Optimism remains high in the recreational vehicle (RV) industry, according to survey results released today by GE Capital’s Commercial Distribution Finance (CDF) business.

Forty-one percent of survey respondents said they expect sales to rise 5 percent to 10 percent next year, and an additional 26 percent expect RV sales to grow 10 percent to 15 percent. This is similar to last year’s sentiment, where 37 percent of respondents thought their sales would grow between 5-10 percent.


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GE, Utility, Government, and Academia Partner on Underground Microgrid Project to Improve Electricity Reliability in NY's North Country

December 10, 2014

GE Awarded a $1.2M Department of Energy Grant to Design Technology to Keep Electricity Flowing after Catastrophic Weather Events

 


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Calpine Corporation Selects GE Highly Efficient, Flexible Gas Turbines to Power York 2 Energy Center in Pennsylvania

December 10, 2014
  • GE’s Two 7F.05 Gas Turbines and DLN 2.6+ Technology to Provide Enhanced Reliability to the PJM Interconnection Region, Including 13 States and Washington, D.C.
  • Fuel Flexibility Allows for Use of Clean-Burning Natural Gas and Backup Ultra-Low-Sulfur Diesel Fuel Oil

SCHENECTADY, N.Y.-December 10, 2014-GE (NYSE: GE) announced today that it will provide two of its highly efficient and flexible 7F.05 gas turbines to Calpine Corporation (Calpine) for the York 2 Energy


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Midwest Plant Orders First GE 7F Gas Turbine Dry Low NOx 2.6+ Solution as Latest Adoption of GE's Power FlexEfficiency* Portfolio Technologies

December 10, 2014
  • Dry Low NOx 2.6+ Upgrade Solution to Help GE Customers Simultaneously Lower Operating Costs and Emissions
  • GE Customers Embrace Power FlexEfficiency* Portfolio Technologies Including 2014 Orders for 54 Advanced Gas Path Solutions
  • Technologies Blend Hardware Innovations, Advanced Software and Data Analytics to Deliver Robust Performance, More Value 

ORLANDO, FLA.-December 10, 2014-A Midwestern U.S.


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New Industry-Leading GE Technologies to Help Accelerate Gas-Powered Energy Producers into Leading Role of Fulfilling U.S. Power Needs

December 10, 2014
Press Release

GE Antares Capital Finances NOVOLEX Acquisition of Packaging Dynamics Corp.

December 10, 2014

CHICAGO -  GE Antares, a unit of GE Capital, announced today it is serving as administrative agent on the $1.005 billion first lien portion of a $1.3 billion senior credit facility to support the acquisition of Packaging Dynamics Corporation by NOVOLEX, a Wind Point Partners portfolio company. GE Capital Markets served as joint lead arranger and joint bookrunner on the entire $1.3 billion facility.


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GE Hitachi Ultrasonic Robot Completes Inspection of Buried Pipe at Texas Nuclear Power Plant

December 09, 2014

Robot is 6’ Long, Self-Propelled, Multi-Directional and Able to Snake Under Tall Buildings (or Nuclear Power Plants) in a Single Bound 

WILMINGTON, NC-December 9, 2014-GE Hitachi Nuclear Energy (GEH) announced today that its ultrasonic robot, Surveyor™, successfully inspected a section of underground pipe at the South Texas Project Electric Generating Station. The inspection at the site of two Westinghouse-built pressurized water reactors near Bay City, Texas, marks the first deployment of the state-of-the-art robot at a nuclear power plant.


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