Industry Experts Focus on Reducing Cost with Innovative Process Improvements
LOS ANGELES, CALIF.---October 13, 2010---GE (NYSE: GE) announced today it will be working with Mortenson Construction to install a 700 kilowatt ground mounted thin film PV system demonstration project. Mortenson has installed thousands of GE wind turbines in North America and the two companies will now be analyzing innovative ways to reduce solar cost through new technology and rigorous process improvements.
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Decision Expands Business Partnership after Basin Electric Previously Installed GE's ePTFE Membrane Bags to Help Reduce Emissions
KANSAS CITY, MO.---October 13, 2010---To lower differential pressure and extend the life of its filter bags, Basin Electric Power Cooperative has purchased Powerwave* acoustic cleaning systems as a retrofit for all the baghouses at one of its plants.
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EDEN PRAIRIE, Minn.--13 October 2010-- GE Capital Fleet Services today announced a new, three-year agreement with Web Service Company, a national laundry services provider, to use GE's Monitor and Intelligent Ops telematics solutions, with a goal of significantly reducing Web Service Company's operating costs. In addition, Web Service Company will become a user of GE's one-stop web portal providing extensive vehicle data used to manage fleet spend.
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* More than three million gallons of fuel saved to date
* Ran on five million service miles of track in North America
* Software calculates the optimal speed for minimal fuel consumption
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BETHESDA, Md. & NEW YORK--13 October 2010-- The Senior Secured Loan Program, jointly managed by Ares Capital Corporation and an affiliate of GE Capital, announced today the closing of a $290 million senior secured loan to support Avista Capital Partners' and Ontario Teachers' Pension Plan Board's acquisition of INC Research, Inc., a Raleigh, NC-based full-service global contract research organization focused on late-stage (Phase II-IV) pharmaceutical clinical trials.
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NORWALK, Conn.--12 October 2010-- GE Capital, Restructuring Finance today announced it is co-agent for a $175 million plan of reorganization revolving credit facility to Neff Rental, Inc., a national construction equipment rental company. The financing supports working capital needs as the company emerges from Chapter 11. GE Capital Markets served as joint lead arranger.