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

|About: General Electric Company (GE)|By:, SA News Editor

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.