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GE Grid Expert Comments on White Housea?s Policy Framework for the 21st Century Grid: Enabling Our Secure Energy Future

^{Published on 2011-06-15 10:45:53 - Market Wire}
 

ATLANTA--([ BUSINESS WIRE ])--Bob Gilligan, CEO of GE Energya™s (NYSE: GE) Digital Energy business, issued this statement today about the White Housea™s smart grid announcement:

"Evolving regulatory models that better account for the capabilities and benefits of new technologies, as well as a renewed focus on security, are critical toward moving our country forward with a modernized electrical grid that enables a cleaner, smarter, more-efficient energy future for all of us."

aWe applaud the White Housea™s Policy Framework for the 21st Century Grid:Enabling Our Secure Energy Future and its streamlined vision and comprehensive approach to create a policy framework focused on distribution and transmission networks, and consumers,a said Gilligan.aEvolving regulatory models that better account for the capabilities and benefits of new technologies, as well as a renewed focus on security, are critical toward moving our country forward with a modernized electrical grid that enables a cleaner, smarter, more-efficient energy future for all of us.a

About GE

GE (NYSE: GE) is an advanced technology, services and finance company taking on the worlda™s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at [ www.ge.com ].

GE also serves the energy sector by providing technology and service solutions that are based on a commitment to quality and innovation. The company continues to invest in new technology solutions and grow through strategic acquisitions to strengthen its local presence and better serve customers around the world. The businesses that comprise GE Energy [ www.ge.com/energy ]a"GE Power & Water, GE Energy Services and GE Oil & Gasa"work together with more than 90,000 global employees and 2010 revenues of $38 billion, to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; as well as other alternative fuels andnew grid modernization technologies to meet 21^st century energy needs.