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Golden Spread Electric Cooperative Selects GE FlexEfficiency* 60 Technology For Three New Projects In Texas

Stocks in this article: GE

Golden Spread Electric Cooperative, Inc. of Amarillo, Texas, is the latest customer to select GE’s (NYSE: GE) FlexEfficiency 60 technology, which was introduced in September of this year. The cooperative is purchasing three GE 7F 5-series gas turbines for three new power plants that will enter operation between March 2015 and March 2017, GE announced today at POWER-GEN International 2012 in Orlando.

The 7F 5-series gas turbine is a fully validated member of GE’s FlexEfficiency 60 Portfolio and provides significant fuel savings, lower emissions and operating flexibility. The Golden Spread projects follow more than $1.2 billion in orders GE previously announced for its FlexEfficiency 60 gas turbines, including five 7F 5-series gas turbines for three sites in the United States.

Golden Spread will install the 7F 5-series gas turbines at sites to be determined in the Texas Panhandle or West Texas, to provide power for its cooperative members who operate in the Southwest Power Pool (SPP) and Electric Reliability Council of Texas (ERCOT) electric operating grids.

“Our members depend on us for reliable and efficient power, and we have selected GE’s new FlexEfficiency 60 technology to meet those needs,” said Mark Schwirtz, president and general manager of Golden Spread Electric Cooperative. “We believe that the 7F 5-series gas turbine will provide a good match for our diverse electricity requirements.”

As part of GE’s FlexEfficiency 60 Portfolio, the 7F 5-series gas turbine incorporates advanced combustion technology to deliver operating flexibility, including better turndown capability, while sustaining higher levels of efficiency compared to earlier gas turbine models. This can translate into increased revenue across a wide range of operating conditions.

“As the new order with Golden Spread Electric Cooperative demonstrates, we continue to see strong industry acceptance for our new FlexEfficiency products,” said Paul Browning, president and CEO, Thermal Products of GE Power & Water. “This technology offers an unprecedented combination of baseload efficiency and operating flexibility to address the complex needs of today’s energy grid. The 7F 5-series offers both the flexibility and the proven performance to meet Golden Spread’s wide range of power generation requirements.”

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