STAMFORD, Conn.--(BUSINESS WIRE)--Faced with shrinking budgets and expanding responsibilities, municipalities are being asked to do more with less when it comes to city improvements. The City of Stamford was up for the challenge when it began exploring how to light its town more efficiently. The resulting solution, a switch to energy-efficient LED streetlights, will save the city more than $146,000 annually.
Cost reductions would bring residential and commercial solar closer to parity with retail electricity costs, reduce the need for outside subsidies
GE investing hundreds of millions of dollars to increase solar power across the grid from the utility to homes and commercial properties
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CHICAGO--(BUSINESS WIRE)--GE Capital today announced it served as the administrative agent on a $900 million asset-based senior secured credit facility for BJ's Wholesale Club, Inc. The funds were used to support the acquisition of BJ's by Leonard Green & Partners, L.P. and CVC Capital Partners. GE Capital Markets acted as joint lead arranger and joint bookrunner.
BJ's Wholesale Club, headquartered in Westborough, Mass., operates warehouse clubs in the eastern U.S. with more than 190 clubs throughout 15 states.
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3Q 2011 Highlights
* Operating earnings of $3.4 billion, up 11%
Operating EPS of $0.24; $0.31 excluding effects of preferred redemption
Continuing EPS of $0.22, down 21% (includes preferred redemption impact)
Net EPS of $0.22, up 22% (includes discontinued operations)
* Leading indicators remain encouraging
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GE's GeoSpring™ water heater reduces utility bills, saves hundreds of dollars
LOUISVILLE, Ky.--(BUSINESS WIRE)--When the Western Arizona Council of Government (WACOG) applied for a $2 million grant from the Sustainable Energy Resources for Consumers (SERC) grant, Director Jack Valentine chose to offer Region IV's constituents an easy way to reduce their monthly bills.
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JAKARTA, Indonesia, 10 October 2011 -- GE Capital Aviation Services, the commercial aircraft leasing and financing unit of GE, today announced the signing of an operating lease agreement for six new Airbus A320 aircraft with Garuda Indonesia's Citilink unit. The aircraft will be powered by CFM56-5B engines.
The aircraft come from GECAS' existing order book with Airbus and are scheduled for delivery in the first half of 2013.