ATLANTA, GA. - April 16, 2008 : – Prolec GE, a joint venture between GE Energy and Xignux, a leading electrical transformer supplier to the utility industry, has announced a $50 million project that will expand its manufacturing capabilities in Monterrey, Mexico. The expansion is focused on two of Prolec GE's product lines including power and commercial transformers, making it one of only a few North American manufacturers of the power transformer line.

The expansion of Prolec GE's manufacturing capabilities is focused on addressing the needs of utilities, EPC firms, developers and independent power producers. The technology is based on proven technical knowledge and experience from both GE and Prolec. Prolec GE has more than 30 years of building commercial and large power transformers under international standards focused on ANSI, CSA, NMX and IEC requirements.

The expansion will enable Prolec GE's power transformer line to include transformers up to 1,000 MVA with voltages up to 550 kV, which is in response to the worldwide infrastructure capacity expansions, and in support of the growth of the electrical industry. The commercial transformer line is expected to increase its current production volume over 30 percent to support the growing demand of the wind generation segment.

"Prolec GE's expanded manufacturing capabilities will allow for faster delivery and better service for the area," said Bob Gilligan, general manager of GE Energy's transmission and distribution business. "The expansion will help meet the market demand and address the needs of electric utilities as they build or upgrade transmission lines, and cleaner energy projects, such as wind , will benefit from the added capacity."

Shipments from the capacity additions are scheduled to begin in the second half of 2008 for commercial transformers and the second half of 2009 for power transformers.

Prolec GE is a joint venture between Xignux, S.A. de C.V. and the General Electric Company. Xignux is a group of leading Mexican companies in the electrical, automotive, and food sectors. General Electric is a world leader in the electrical, power systems, medical, aerospace, telecommunications and fin ancial sectors. Prolec GE is a leading manufacturer of oil-filled transformers in the residential, commercial, industrial and power segments. Its experience and quality systems, as well as its geographical location in Monterrey, Mexico, place it as a strategic supplier to serve the NAFTA and international markets.

About GE Energy

GE Energy (www.ge.com/energy) is one of the world's leading suppliers of power generation and energy delivery technologies, with 2007 revenue of $22 billion. Based in Atlanta, Georgia, GE Energy works in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels. Numerous GE Energy products are certified under ecomagination, GE's corporate-wide initiative to aggressively bring to market new technologies that will help customers meet pressing environmental challenges.

About GE

GE is Imagination at Work-diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing and media content, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.

For more information, contact: