GE Energy

Steve BolzePresident & CEO, Power Generation

Power Generation Update

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GE company proprietary

• Energy

• Oil & Gas

•Water & Process Technologies

• Aviation

• Enterprise Solutions

• Healthcare

• Transportation

• Aviation Financial Services

• Commercial Finance

• Energy Financial Services

• GE Money

• Treasury

• Cable

• Film

• International

• Network

• Sports & Olympics

• 4 businesses operating in more than 100 countries … 125+ years • Over 300,000 employees worldwide • 2007 revenue $173B

• 4 businesses operating in more than 100 countries … 125+ years • Over 300,000 employees worldwide • 2007 revenue $173B

GE’s portfolio

EnergyInfrastructure

Technology Infrastructure

GECapital

NBCUniversal

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GE company proprietary

Headquarters: Schenectady, NY

Key locations:

• Bangor, ME

• Belfort, France

• Bourogne, France

• Greenville, SC

• Houston, TX

• Jenbach, Austria

• Newark, DE

• Salzbergen, Germany

• Tehachapi, CA

• Wilmington, NC

Power Generation

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GE company proprietary

Power Generation product offeringsDiverse technologies

• Heavy duty gas turbines• Aeroderivative gas turbines• Generators• Steam turbines• Combined cycle systems

• Jenbacher gas engines• Wind turbines• Photovoltaic solar• Gasification• Nuclear

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GE company proprietary

Power Generation overview

Revenue

Business is growing … everywhere in the world

($ in billions)

>45%

’06 ’07

$10.8

~$13

‘05

$9.3

• Well positioned for global growth

• Diverse product offerings

• Investing for the future

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GE company proprietary

Global dynamics …

Demand …continues to increase, especially China/India/Middle East

Environmental requirements …are increasing and forcing action including technology incentives

Energy security …rising concerns with infrastructure investment in all areas

Fuel prices …remain high and continue to be volatile, increasing interest in alternatives

Political landscape …is uncertain, dynamic, and difficult to anticipate

Rising capital costs & skilled personnel shortage … rising cost structure of energy supply

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GE company proprietary

… the uncertainty drives a diverse set of technology requirements

Load shapes uncertainty … requires more diverse solutions

More stringent environmental standards … require lower emissions, increased use of renewables and nuclear

High fuel prices … require higher efficiency

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GE company proprietary

Power Gen industry orders forecast : 2007-2016

North America

China

Asia

India

West Europe

MidEast

Latin America

East Europe

32 GW/yr

35 GW/yr

14 GW/yr

24 GW/yr

74 GW/yr

15 GW/yr

21 GW/yr11 GW/yr

Africa

4 GW/yr

10 yr avg annual cap orders (GW)

Coal 74 Gas/Oil 78Hydro 26Wind 37Nuclear 9

TOTAL 232*

* Numbers do not sum because of “other” technologiesSource: PG Forecast 01 May 08

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GE company proprietary

Investing in technology competitiveness

IWPP with F-technology

LMS100

24 Cylinder gas engine

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GE company proprietary

Investing for the future

GasificationSolarFuel Flexibility Wind

GE Energy

Steve BolzePresident & CEO, Power Generation

Power Generation Update