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General Electric (GE -1%) has been awarded a multi-million dollar contract for the largest...

General Electric (GE -1%) has been awarded a multi-million dollar contract for the largest series compensation project in the United States. ETT, a joint venture between subsidiaries of American Electric (AEP) and MidAmerican Energy Holdings, is a regulated transmission-only utility which builds, owns and operates transmission assets in Texas. Under the terms of the agreement, GE will install eight series compensation banks at four different facilities owned by ETT.
Comments (3)
  • I see G.E. getting a lot of new contracts. They seem to be keeping
    the news from G.E. stock. Al
    20 Sep 2012, 07:18 PM Reply Like
  • Retired and a life long holder of GE stock
    20 Sep 2012, 07:30 PM Reply Like
  • What is a "compensation bank"?? Similar to a capacitor bank?
    23 Sep 2012, 10:42 PM Reply Like
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