Clean Coal Alliance
Ge, Bechtel confirm clean coal alliance By Nancy Cesarano
NEW YORK (CBS.MW) -- GE Energy (GE: news, chart, profile) and Bechtel Corp. Monday confirmed plans for an alliance related to a combined-cycle gasification, or "clean coal," projects in North America. The plans were reported in the Wall Street Journal earlier Monday. Shares of GE rose 24 cents to $34.21 in morning trading.
GE, Bechtel set venture on clean-coal power plants By Robert Daniel
NEW YORK (CBS.MW) -- General Electric Co. (GE: news, chart, profile) and Bechtel Corp., the San Francisco engineering and construction company, plan to offer a standardized clean-coal power-plant package that they expect to become competitive with other energy sources by the end of the decade, The Wall Street Journal reported. GE is negotiating with several electric companies -- among them American Electric Power Co. (AEP: news, chart, profile) of Columbus, Ohio, and Cinergy Corp. (CIN: news, chart, profile) of Cincinnati -- to build the plants. GE, Fairfield, Conn., seeks to create a global market for the costly, environmentally friendly technology, the Journal said. |
