General Electric Co. (NYSE: GE) has signed a $116 million service agreement with the Tennessee Valley Authority, the largest public energy provider in the United States, covering four TVA power plants for the next five years.
A statement from General Electric Co. (NYSE: GE) said that the agreement will “help TVA meet its strategic needs by ensuring the long-term reliability, efficiency and cost-effective operation of its power generation equipment.” G.E. will provide support for the next 24 planned outages at TVA Brown’s Ferry nuclear power plant as well as three steam plants including Paradise, Bull Run and Widow’s Creek. G.E. Energy will provide a team at the company’s various plant locations to help TVA manage outages and respond quickly to specific project requirements.
“The agreement will enable GE to focus on the planning and resourcing of outages well ahead of the anticipated project,” noted Anne McEntee, general manager–power services for GE Energy Services. “This will benefit TVA by helping them stay within budget, have reliable and predictable outages and, in the long term, help them operate at the highest efficiency levels.”
“We are pleased that TVA has selected us to support this very important aspect of their business,” said Barry Weiss, GE Energy southern region executive. “Working together, I am confident that we can help TVA mitigate the risk of unplanned outages to business continuity.”
The service agreement covers parts supply, repairs, and field services for both planned and unplanned outages of turbines, auxiliary equipment and provides performance guarantees.
