General Electric confirms turbine blade problem

With GE’s confirmation, analysts’ earlier report on the issue remains has been verified. 51 such turbines have been shipped.

General Electric Co has confirmed that it has discovered an issue with a turbine blade at an electrical power plant in Texas owned by Exelon Corp.

General Electric stated, it discovered the problem a few weeks ago in a GE HA-class turbine at Exelon’s Colorado Bend plant. It expects “the same issue to impact other HA units” as well.

So far, GE has shipped 51 such units.

With the news confirming analysts’ earlier report, GE’s stock dipped lower.

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