Jake Berzon

GE: Nuclear Growth Galore

First of all, I would like to thank all of my critics for keeping me on my tows. Perhaps a more careful reading of my original text would have alleviated most of your questions, but it can't hurt to clarify a few issues.

1) The $90 Billion figure for building a reactor came from an article in the Christian Science Monitor www.csmonitor.com/2007... . My local utility, IREA published similar numbers. I believe them because 20 years ago it cost $3 billion to construct 1,000 MW reactors like the Limerick 2 query.nytimes.com/gst/... and final costs on these projects often were 10 times the original estimates. New plants will be larger and will cost more. In any case, my point was only to point out that analysts are not counting on this and other near certain upsides coming from GE Energy.

2) From the Q3 of last year to the end of this year The Nuclear Regulatory Commission expects applications for 29 units www.nrc.gov/reactors/n...

3) GE’s 300 or so projects around the Beijing Olympics are a done deal and they have been fully factored in by the analysts. I was alluding to the fact that the relationships GE has surely built in the process will serve it well in the future.

I hope, all is clearer now!