More Stimulus Payoffs For GE?
Author: Michael Kraft
As reported today GE just got a stimulus check for 1.4 billion dollars to provide wind farms in Oregon. This came with a government 10 year maintenance contract making this a 2 billion dollar tax payer funded, stimulus awarded contract for General Electric. Jeffrey Immelt was named to Obama’s advisory board for matter such as energy production. It appears pretty clear his first advice was to build wind turbines and let his company be the one who gets the ‘endless” stimulus Obama cash.
Jeffrey Immelt is also the indirect CEO of NBC Universal, which brings you news all day and Hollywood movies with that so familiar liberal message. The back and forth of NBC news providing a planned liberal message and Obama sending 2 Billion dollars in Stimulus cash should make you wonder the next time you watch NBC.
NEW YORK (CNNMoney.com) — General Electric said Thursday it has secured a $1.4 billion contract to supply wind turbines and provide services for what will be the world’s largest wind farm operation when completed in 2012.
The conglomerate will supply 338 of its 2.5-megawatt turbines to New York-based Caithness Energy to be installed in 2010 and 2011 at Shepherds Flat, the 845-megawatt farm that stretches across 30 square miles in north-central Oregon.
The Shepherds Flat Project will supply energy to Southern California Edison, providing enough to power approximately 235,000 California households, GE and Caithness said in a statement. It will generate 2 billion kilowatt-hours per year of renewable energy, and represent 1/10 of Southern California Edison’s overall renewable energy portfolio.
GE (GE, Fortune 500), which will also provide 10 years of operational and maintenance service, will supply its 2.5xl wind turbines — previously used in Europe and Asia — for the first time in North America.
“The 2.5-MW wind turbines is the latest evolution of GE’s wind turbine technology and provides customers with greater efficiency, reliability and grid connections,” said Steve Bolze, chief executive of GE Power & Water, in a statement.
The $2 billion project will require the construction of 85 miles of road and 90 miles of power connection, and will employ 400 workers during construction and 35 during operation, according to Caithness. The project is estimated to inject $16 million annually into Oregon’s economy.
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Tags:1.4 billion, 2 billion, GE contract, Jeffrey Immelt, obama cash, Stimulus |
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More Stimulus Payoffs For GE?
As reported today GE just got a stimulus check for 1.4 billion dollars to provide wind farms in Oregon. This came with a government 10 year maintenance contract making this a 2 billion dollar tax payer funded, stimulus awarded contract for General Electric. Jeffrey Immelt was named to Obama’s advisory board for matter such as [...]
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