GE announced that H. Lawrence Culp Jr. has been named chairman and CEO of the company replacing John Flannery effective immediately. GE’s board of directors voted unanimously on the decision, and it also appointed Thomas W. Horton as lead director. In a press release, GE specifically cited weak performance in the GE Power business for […]
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Read moreLead analyst Stephen Tusa lowered J.P. Morgan’s rating on GE stock after “checks on two initial U.S. installations revealed failures of the first stage blade of GE’s H-frame gas turbine,” thestreet.com reported on September 20. Tusa—who has long been critical of GE’s prospects—reportedly wrote, “The impact on ‘asset value’ from a failure at GE’s U.S. […]
The post GE Gas Turbine Blade Issue Concerns Analyst appeared first on POWER Magazine.
Read moreEmissions standards have changed a lot since the Shawnee Fossil Plant entered service during President Eisenhower’s second term in office, but the Tennessee Valley Authority has done its part to help the
The post Clean Air Program Makes Shawnee Power Plant a Winner appeared first on POWER Magazine.
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