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Golden Spread Electric Cooperative Selects GE FlexEfficiency* 60 Technology for Three New Projects in Texas

  Golden Spread Electric Cooperative Selects GE FlexEfficiency* 60 Technology
  for Three New Projects in Texas

  *Deal Continues Industry Momentum for GE’s New FlexEfficiency 60 Portfolio
  *Gas-Fired Units to Meet Power Needs for Irrigation, Boost ERCOT Reserve
    Margins
  *Well-Proven GE 7F 5-Series Gas Turbines Address Region’s Varying Power
    Needs

POWER-GEN International 2012

Business Wire

ORLANDO, Fla. -- December 11, 2012

Golden Spread Electric Cooperative, Inc. of Amarillo, Texas, is the latest
customer to select GE’s (NYSE: GE) FlexEfficiency 60 technology, which was
introduced in September of this year. The cooperative is purchasing three GE
7F 5-series gas turbines for three new power plants that will enter operation
between March 2015 and March 2017, GE announced today at POWER-GEN
International 2012 in Orlando.

The 7F 5-series gas turbine is a fully validated member of GE’s FlexEfficiency
60 Portfolio and provides significant fuel savings, lower emissions and
operating flexibility. The Golden Spread projects follow more than $1.2
billion in orders GE previously announced for its FlexEfficiency 60 gas
turbines, including five 7F 5-series gas turbines for three sites in the
United States.

Golden Spread will install the 7F 5-series gas turbines at sites to be
determined in the Texas Panhandle or West Texas, to provide power for its
cooperative members who operate in the Southwest Power Pool (SPP) and Electric
Reliability Council of Texas (ERCOT) electric operating grids.

“Our members depend on us for reliable and efficient power, and we have
selected GE’s new FlexEfficiency 60 technology to meet those needs,” said Mark
Schwirtz, president and general manager of Golden Spread Electric Cooperative.
“We believe that the 7F 5-series gas turbine will provide a good match for our
diverse electricity requirements.”

As part of GE’s FlexEfficiency 60 Portfolio, the 7F 5-series gas turbine
incorporates advanced combustion technology to deliver operating flexibility,
including better turndown capability, while sustaining higher levels of
efficiency compared to earlier gas turbine models. This can translate into
increased revenue across a wide range of operating conditions.

“As the new order with Golden Spread Electric Cooperative demonstrates, we
continue to see strong industry acceptance for our new FlexEfficiency
products,” said Paul Browning, president and CEO, Thermal Products of GE Power
& Water. “This technology offers an unprecedented combination of baseload
efficiency and operating flexibility to address the complex needs of today’s
energy grid. The 7F 5-series offers both the flexibility and the proven
performance to meet Golden Spread’s wide range of power generation
requirements.”

Golden Spread is an existing GE customer and already has a fleet of five GE
gas turbines. GE’s Measurement & Control business has provided upgrades and GE
Power Generation Services is providing an OpFlex* Peak Fire upgrade to 7F
3-series units in the fleet. OpFlex Peak Fire is an application available in
the OpFlex Solutions Suite, a portfolio of advanced controls software
applications developed to give customers increased flexibility to improve
their power plant technology.

The 7F 5-series gas turbine has been validated at GE’s full speed, full load
gas turbine validation test facility in Greenville, South Carolina, USA. This
dual fuel, non-grid connected facility has the capability to test part loads,
peak loads, variable frequency operation, and transient capability. The 7F
5-series gas turbine has met or exceeded GE’s validation requirements through
extensive testing and operation.

With more than 800 7F gas turbines operating in the field providing over 29
million fired hours and 700 thousand fired starts, customers around the world
have come to rely on the proven reliability and availability of GE’s 7F gas
turbines.

For more information about GE’s FlexEfficiency 60 technology, visit
www.ge-flexibility.com.

For more information and images, visit GE’s POWER-GEN International site.

About GE

GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in energy,
health and home, transportation and finance. Building, powering, moving and
curing the world. Not just imagining. Doing. GE works. For more information,
visit the company's website at www.ge.com.

About GE Power & Water

GE Power & Water provides customers with a broad array of power generation,
energy delivery and water process technologies to solve their challenges
locally. Power & Water works in all areas of the energy industry including
renewable resources such as wind and solar; biogas and alternative fuels; and
coal, oil, natural gas and nuclear energy. The business also develops advanced
technologies to help solve the world’s most complex challenges related to
water availability and quality. Numerous products are qualified under
ecomagination, GE’s commitment to providing innovative solutions that maximize
resources, drive efficiencies and help make the world work better. Power &
Water’s seven business units include Aeroderivative Gas Turbines; Gas Engines;
Nuclear Energy; Power Generation Services; Renewable Energy; Thermal Products
and Water & Process Technologies. Headquartered in Schenectady, N.Y., Power &
Water is GE’s largest industrial business.

Follow GE Power & Water and ecomagination on Twitter @GE_PowerWater and
@ecomagination.

* Trademark of General Electric Company

Contact:

GE Power & Water
Cynthia White, +1-518-956-4839
cynthiam.white@ge.com
or
Masto Public Relations
Ken Darling or Howard Masto, +1-518-786-6488
kenneth.darling@ge.com
howard.masto@ge.com