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Q: Relationship between GE Energy and GE Power Systems ( Answered,   0 Comments )
Question  
Subject: Relationship between GE Energy and GE Power Systems
Category: Business and Money
Asked by: joe_oversby-ga
List Price: $3.00
Posted: 13 Jul 2005 20:56 PDT
Expires: 12 Aug 2005 20:56 PDT
Question ID: 543325
I am somewhat confused on the relationship between GE Power Systems
and GE Energy.  My friend who works for GE Power Systems in Atlanta
has a security badge that says 'GE Power Systems' as does the sign to
his building, but his official title is an employee of GE Energy.

The websites www.gepower.com and www.geenergy.com are identical.  What
is the relationship between these two companies?  I recently learned
each company has their own CEO, but it appears as if they are only one
company.

Thanks!
Answer  
Subject: Re: Relationship between GE Energy and GE Power Systems
Answered By: justaskscott-ga on 13 Jul 2005 21:26 PDT
 
Hello joe_oversby,

General Electric lists GE Energy, and not GE Power Systems, among its businesses.

"Business Directory"
General Electric Company
http://www.ge.com/en/company/businesses/index.htm

You will notice that "GE Power Systems" appears in 2003 press
releases, while "GE Energy" appears in 2004 press releases.  (If you
click on the last press release of 2003, and the first of 2004, you'll
see a change from "About GE Power Systems" to "About GE Energy.")

"2003 Press Releases"
GE Energy
http://www.gepower.com/about/press/en/2003_press.htm

"2004 Press Releases"
GE Energy
http://www.gepower.com/about/press/en/2004_press.htm

So it appears that at the end of 2003 or beginning of 2004, the name
changed.  An article from that time confirms this impression.

"GE Power profit falls in 2003" (January 16, 2004) ["GE Power Systems,
the Atlanta-based GE division renamed GE Energy in late 2003 ..."]
bizjournals
http://www.bizjournals.com/atlanta/stories/2004/01/12/daily43.html

The old name may linger on in certain respects, perhaps out of
tradition, habit, or the expense of changing it.  But officially, the
name is now GE Energy.

- justaskscott


Search strategy --

Searched for these terms in various combinations on Google:

"ge power systems"
"ge energy"
site:ge.com
"renamed ge energy"

Browsed GE websites.
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