Press releases

GE To Supply 500 Megawatts Of Wind Turbines To PPM Energy For 2006-2007 Projects

LAS VEGAS, NEVADA - December 6, 2005: -- Under two recent agreements representing one of the wind energy industry’s largest supply commitments, GE Energy will deliver approximately 500 megawatts of GE 1.5-megawatt wind turbines for projects planned by PPM Energy during 2006 and 2007.

"With growing awareness and concern over the environment, wind energy has become a popular energy alternative," said Robert Gleitz, general manager of GE Energy's wind segment. "At the same time, the recent extension of the federal production tax credit (PTC) is encouraging companies like PPM to increase their investments in cleaner wind energy, helping to meet our nation’s expanding power needs while minimizing carbon emissions. GE’s recent ecomagination initiative, a commitment to developing cleaner technologies including wind energy, also supports this growing trend."

The recent agreements with PPM call for a total of 334 GE 1.5-megawatt units, among the most widely used megawatt-class wind turbines in the global wind industry, with more than 3,300 of these machines installed worldwide.

According to the American Wind Energy Association, the extension of the PTC is expected to encourage about $3 billion in wind energy investments over the next several years. As of January 2005, the United States ranked third in the world with 6,740 megawatts of installed wind capacity.

Portland, Oregon-based PPM Energy is part of the ScottishPower group of companies. With a portfolio of more than 1,600 megawatts of wind power under its control in operation or under construction, PPM Energy is well on its way toward its goal of bringing 2,300 megawatts of new wind power to market by 2010.

About GE Energy

GE Energy (www.gepower.com) is one of the world's leading suppliers of power generation and energy delivery technology, with 2004 revenue of $17.3 billion. Based in Atlanta, Georgia, GE Energy provides equipment, service and management solutions across the power generation, transmission and distribution, distributed power and energy rental industries.

With wind turbine design, manufacturing and assembly facilities in Germany, Spain and the United States, GE Energy is among the leading providers of wind energy products and support services ranging from commercial wind turbines and grid integration products to project development assistance and operation and maintenance. The company's knowledge base includes the development and/or installation of more than 7,500 wind turbines with a total rated output of 6,200 megawatts.

For more information, contact:
Dennis Murphy
GE Energy
+1 678 844 6948
dennis.murphy@ps.ge.com

Ken Darling or Howard Masto
Masto Public Relations
+1 518 786 6488
kenneth.darling@ge.com
howard.masto@ge.com