GE Gas Turbine Blade Issue Concerns Analyst

Lead analyst Stephen Tusa lowered J.P. Morgan’s rating on GE stock after “checks on two initial U.S. installations revealed failures of the first stage blade of GE’s H-frame gas turbine,” thestreet.com reported on September 20. Tusa—who has long been critical of GE’s prospects—reportedly wrote, “The impact on ‘asset value’ from a failure at GE’s U.S. […]

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Clean Air Program Makes Shawnee Power Plant a Winner

Emissions standards have changed a lot since the Shawnee Fossil Plant entered service during President Eisenhower’s second term in office, but the Tennessee Valley Authority has done its part to help the

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GE Power Sells Lucrative Water & Process Technologies Division to SUEZ in $3.4B Deal

Less than a week after GE struck a $2.6 billion deal with ABB for GE’s electrification business, GE Power completed the $3.4 billion sale of its lucrative water and process technologies division to multinational water management firm SUEZ. The sale of GE Water & Process Technologies, a systems and services provider of water, wastewater and […]

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