GE's Troubled Power-Generation Division Likely to Be Top Challenge for New CEO

SUGAR LAND--October 3, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Market watchers were in for a shock Monday morning when General Electric Company (NYSE:GE) (Boston, Massachusetts) announced it would replace John Flannery as its chief executive officer (CEO) with Larry Culp, a member of the Board of Directors. Culp will take the reins of a wagon amid a very bumpy ride, as the company is dealing with the fallout from a series of bad bets in its Power Generation division and recent issues with its 7HA gas turbines, one of which had to be shut down last month due to operational problems. Industrial Info is tracking more than $36 billion in active projects involving GE's 7HA turbines, nearly $30 billion of which are in the U.S.

Within this article: Details on some of the highest-valued 7HA projects nearing or under construction, including those for major companies such as Exelon (NYSE:EXC), Invenergy LLC, NextEra Energy Incorporated (NYSE:NEE), EmberClear Corporation, Public Service Enterprise Group Incorporated (NYSE:PEG), Competitive Power Ventures Incorporated, Advanced Power AG and Ohio River Partners Shareholder LLC.