STAMFORD, Conn.--(BUSINESS WIRE)--April 14, 2003-- GE Distribution Finance Unit Signs Long-term Agreement Tire Centers, LLC ( TCI ) and GE Distribution Finance, the commercial arm of GE Consumer Finance, recently signed a multi-year agreement to provide a national TCI Business Revolving Charge program, offering credit options to qualifying commercial customers. The new program was launched April 1, 2003, at more than 150 TCI locations nationwide.
MILWAUKEE & HOPKINTON, Mass.--(BUSINESS WIRE)--March 17, 2003--GE Medical Systems, a unit of the General Electric Company (NYSE: GE), and EMC Corporation (NYSE: EMC), the world leader in information storage, today announced that several leading healthcare organizations have adopted an integrated healthcare solution utilizing technology from both companies. A global reseller agreement between the companies now enables GE to offer the full-range of EMC networked storage systems and software to healthcare customers.
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ATLANTA, GEORGIA (March 10, 2003) --- GE Hydro has received a contract of more than $47 million from the U.S. Army Corps of Engineers for a five-year, seven-unit refurbishment of the John H.Kerr Powerhouse in Boydton, Virginia. The project will increase the plant output by more than 70 megawatts.
The Kerr powerhouse is located on the Kerr Reservoir, a Roanoke River project in southern Virginia near the border with North Carolina. Completed in early 1953, the power plant supplies electricity to Dominion and Progress Energy.
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BEIJING, CHINA (March 7, 2003) --- General Electric Power Systems (GEPS) today signed a series of contracts with five Chinese power producers. An additional contract will be signed shortly bringing the total contract value to approximately US$900 million to provide 13 GE 9FA gas turbine-based combined cycle systems.
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STAMFORD, Conn.--(BUSINESS WIRE)--March 6, 2003--General Electric Capital Corporation (GE Capital) announced today that it has provided a full and unconditional guarantee of the medium-term notes issued by its subsidiary, Heller Financial Inc., under its Senior Debt Indenture and Subordinated Debt Indenture, each dated September 1, 1995, as amended.
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STAMFORD, Conn.--(BUSINESS WIRE)--Feb. 27, 2003--Hearth & Home Technologies and GE Distribution Finance, a unit of GE Consumer Finance, recently signed a five-year agreement to provide a national Inventory Finance Program, offering Hearth Distributors and Resellers revolving credit and display financing. The new program is being launched March 5, 2003, at the National Hearth, Patio & Barbecue (HPBA) show in Nashville, Tenn.
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ATLANTA, GEORGIA (February 27, 2003) --- GE Wind Energy will supply 80 wind turbines for a new, 120-megawatt facility in California's Mojave Desert that will be the first wind project for Los Angeles Department of Water and Power (LADWP), the nation's largest municipally owned utility.
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OSLO, NORWAY (February 24, 2003) --- GE Hydro, a unit of GE Power Systems, has been awarded a US$26.8 million contract to upgrade Swiss power producer Ofible's plant in Biasca, Switzerland. The project marks the latest example of GE's continuing expansion into the European hydropower industry.
GE Hydro will supply six overhung two-jet, 50-megawatt Pelton turbines and three 333 rpm, 109 MVA generators producing 327 megawatts of power. The new equipment will replace eight overhung one-jet, Pelton turbines and four generators, which have been producing 288 megawatts.
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OSLO, NORWAY (February 18, 2003) --- GE Hydro, a unit of GE Power Systems, has been awarded a US$3 million contract by Scottish and Southern Energy (SSE) Generation Limited of the UK to refurbish three hydroelectric power stations in Scotland. The project is part of SSE's progressive program to upgrade its hydro assets to extend their usable life and meet the government's renewable energy targets.