GE Signs Gas Turbine Service Agreements with Dynegy


Includes 10 Units at Four U.S. Sites

NEW ORLEANS, LA.-December 11, 2007- GE Energy has signed contractual service agreements (CSAs) with Dynegy Inc. of Houston, covering 10 GE F-technology gas turbines at four existing combined-cycle power plants with a total capacity of 1,720 megawatts.

The four sites included in the new CSAs, which will cover four hot gas path inspections over approximately 12 years, are Arlington Valley in Arlington, Ariz., near Phoenix; Casco Bay in Veazie, Maine, near Bangor; Griffith in Kingman, Ariz., near the California state line; and Moss Landing in Monterey, Calif. The first three sites each feature two GE Frame 7FA gas turbines, while Moss Landing has four of those units.

In April of 2007, Dynegy assumed control of the four operating power plants from previous owners. GE and Dynegy then modified the existing CSAs previously signed for the gas turbines at all of the sites, to meet Dynegy's specific requirements.

"Benefits to Dynegy will include a simplified contract structure, plus the supply of GE's equipment and processes to help ensure the safe, reliable and cost-effective operation of its plants," said Michael Kalmes, vice president of energy services sales for GE Energy. "Dynegy executives have met with the GE leadership team to help shape the new agreements, and both companies plan to schedule regular meetings in the future to review progress."

GE currently has approximately 230 CSAs in place with customers around the world. Under a CSA, GE provides maintenance, including parts, services and repairs, for a fixed price over a specified period of time. Benefits to the customer include performance guarantees, fixed maintenance costs and access to GE's recent technology and global experience.

Dynegy Inc. (http://www.dynegy.com) produces and sells electric energy, capacity, and ancillary services in key U.S. markets. The company's power generation portfolio consists of approximately 20,000 megawatts of base load, intermediate and peaking power plants fueled by a mix of coal, fuel oil and natural gas.

About GE Energy
GE Energy (www.ge.com/energy) is one of the world's leading suppliers of power generation and energy delivery technologies, with 2006 revenue of $19 billion. Based in Atlanta, Georgia, GE Energy works in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels. Numerous GE Energy products are certified under ecomagination, GE's corporate-wide initiative to aggressively bring to market new technologies that will help customers meet pressing environmental challenges.

For more information, contact:
Jon Bogle
GE Energy
+1 678 844 7283
jon.bogle@ge.com

Ken Darling or Howard Masto
Masto Public Relations
+1 518 786 6488
kenneth.darling@ge.com
howard.masto@ge.com

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