STAMFORD, Conn. & LINDEN, N.J.--(BUSINESS WIRE)--Four power marketing and trading companies have won an auction of the electric capacity from what GE Energy Financial Services believes is the first truly merchant US transmission project. The project will provide New York City with much-needed additional power.
ST PAUL, Minn.--(BUSINESS WIRE)--GE Money's Sales Finance unit and Bath and Kitchen Buying Group, the industry's only member-owned buying group, today announced a new relationship to provide private label revolving and installment credit options through GE's REFINEDesign and PROJECTLOANSM programs. This multi-year partnership recently launched nationwide to the BKBG network of 200 independent dealers.
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Dubai, UAE; January 31, 2007: GE Money, the global consumer-lending unit of General Electric Company (NYSE:GE) and Al-Futtaim Group, the leading UAE business conglomerate, today signed an agreement to establish a strategic joint venture in the UAE. Under the agreement a separate company will be formed specialising in providing a range of consumer finance products to consumers in the UAE.
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LOUISVILLE, Ky. & STAMFORD, Conn.--(BUSINESS WIRE)--GE Energy Financial Services, a unit of General Electric (NYSE:GE), announced today that it has made its first investment in a plant that will generate power and produce substitute natural gas using coal gasification technology. It is acquiring a 20 percent equity interest in The ERORA Group LLC, which is developing Kentucky's 630 net megawatt Cash Creek Integrated Gasification Combined Cycle facility, one of the most advanced and largest gasification projects under development in the United States.
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EAST HANOVER, N.J. & STAMFORD, Conn.--(BUSINESS WIRE)--Comverge, Inc. announced today that it has obtained a $40 million senior credit facility from GE Energy Financial Services to expand its clean energy programs, which reduce energy costs by increasing available electric capacity during periods of peak electricity demand.
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ARLINGTON, Va. & STAMFORD, Conn.--(BUSINESS WIRE)--In a breakthrough toward US leadership in carbon reduction, the AES Corporation (NYSE:AES) and GE Energy Financial Services, a unit of General Electric (NYSE:GE), announced today that they intend to create a partnership to develop greenhouse gas emission reduction projects in the United States.
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RIVERSIDE, Calif.--(BUSINESS WIRE)--GE Money's Sales Finance unit today announced a new multi-year agreement for consumer financing with C-Thru Industries. GE's PROJECTLINE PlusSM and PROJECTLOANSM programs will be available to homeowners for the purchase of C-Thru's line of outdoor living spaces, including sunrooms, conservatories and patio enclosures.
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STAMFORD, Conn.--(BUSINESS WIRE)--GE - Equipment Services today announced it has acquired the business of Terion Inc., a leading provider of two-way wireless data communication and information solutions for the transportation industry, accelerating its development of productivity solutions for the transport of goods through global supply chains. Terion is privately held, and terms of the transaction were not disclosed.
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STAMFORD, Conn.--(BUSINESS WIRE)--BAC-Credomatic Holding Co. Ltd. (BAC) and GE Money, the consumer lending unit of General Electric Company (NYSE:GE), today announced that their Central American joint venture would acquire 99.9 percent of Banco Mercantil S.A. (BAMER), a privately held bank based in Honduras. BAC and GE Money entered into a joint venture in 2005 to help both companies accelerate growth in the region. The transaction, which requires regulatory approvals, is expected to close in the next few months. The terms were not disclosed.
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ST. PAUL, Minn.--(BUSINESS WIRE)--GE Money's Sales Finance unit and Dixie Homecrafters, one of the fast-growing home improvement companies in America, today announced they have signed a five-year extension of their agreement to provide consumer financing.
Dixie Homecrafters, based in Chamblee, Ga., is the nation's second-largest home improvement company, selling and installing windows, siding, soffits and trim, and gutters for more than 17 years throughout the south.