GE Signs Five-Year, $116 Million Power Plant Service Alliance with TVA (GE)

GE GE has signed a service alliance with the Tennessee Valley Authority (TVA), the nation’s largest public power provider, covering four TVA power plants and valued at $116 million over the next five years. The alliance will help TVA meet its strategic needs by ensuring the long-term reliability, efficiency and cost-effective operation of its power generation equipment. Under the agreement, GE will provide service support for the next 24 planned outages at TVA’s Brown’s Ferry nuclear plant and the Paradise, Bull Run and Widow’s Creek fossil (steam) plants. GE Energy Services will provide a core team that will provide expertise and experience on site at the various plant locations to help TVA manage the outages and respond quickly to specific project requirements. A team of senior managers from both companies will oversee the implementation of the five-year alliance.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsContractsMarketsIndustrial ConglomeratesIndustrials
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!