SYDNEY, Australia--(BUSINESS WIRE)--Sept. 19, 2006--General Electric Company (GE) launches its global clean energy and water initiative - called ecomagination - in the Australian market at Sydney's Powerhouse Museum today. John Rice, GE Vice Chairman and President & CEO of GE Infrastructure, convenes the meeting with government and business leaders to address Australia's unique challenges in securing adequate energy and water reserves in a resource constrained world.
SYDNEY, Australia--(BUSINESS WIRE)--Sept. 19, 2006--A new coal mine methane (CMM) power plant, developed and owned by renewable energy developer Envirogen Pty Ltd., featuring 12 of GE Energy's (NYSE: GE) Jenbacher generator sets, has begun operating at one of Australia's largest coal mines, the Oaky Creek Colliery in central Queensland.
The plant is providing power to the regional grid while helping to offset the mine's methane gas emissions.
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ST. PAUL, Minn.--(BUSINESS WIRE)--Sept. 19, 2006--GE Money's Retail Sales Finance unit and Granby Steel Tanks, a division of Granby Industries Income Fund, the leader in residential oil containment reservoirs, today announced a new multi-year relationship to provide consumers with revolving credit under GE's Climate Select financing program. The program is now available to a North American network of Granby Steel Tanks dealers.
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CHICAGO--(BUSINESS WIRE)--Sept. 18, 2006--GE Antares today announced it is serving as the administrative agent for $39 million of senior secured credit facilities to support the acquisition of Duni Corp, Inc. and Duni Supply, Inc. (collectively "Duni" or "the Company"), along with the management team by Norwest Equity Partners ("NEP"), a private equity firm focused on investments in growing and profitable middle market companies. Headquartered in Atlanta, Georgia, the Duni companies were the U.S. subsidiaries of Sweden-based Duni AB.
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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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ST. PAUL, Minn.--(BUSINESS WIRE)--Sept. 12, 2006--
AquaVantage Card Available at 230 Water Master Dealers
GE Money's Retail Sales Finance unit today announced a multi-year agreement with Water Master, Inc., an international leader in residential, commercial and industrial water treatment and filtration systems, to provide consumer financing program for its 230 dealers nationwide.
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NORWALK, Conn. & HONG KONG--(BUSINESS WIRE)--Sept. 12, 2006--GE Commercial Finance - Global Media & Communications today announced that it has committed $20 million to Xinhua Finance Limited (XFL) as part of a broader $70 million facility to be used by the company for acquisitions and debt refinancing. XFL is a leading provider of China's indices, ratings, financial news, investor relation services, financial information and media services.
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CHICAGO--(BUSINESS WIRE)--Sept. 6, 2006--GE Antares today announced it is serving as the administrative agent for $38 million senior secured credit facilities to support the acquisition of SafeWorks LLC ("SafeWorks") by Wynnchurch Capital ("Wynnchurch"). GE Capital Markets is serving as lead arranger of the facility.
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NORWALK, Conn.--(BUSINESS WIRE)--Sept. 6, 2006--GE Commercial Finance - Global Media & Communications today announced that it has served as administrative agent on a $70 million facility to support Orange Broadband's acquisition of 44,000 subscribers in New Mexico, Colorado, Nevada and Utah as a result of Charter Communications' recent systems sale. Charlotte, N.C.-based Orange Broadband operates cable television systems that offer video and high-speed data services to residential and commercial customers.