GE, Abu Dhabi fund strike global partnership
GE and Mubadala Development Co. plan to each allocate $4-billion (US) in equity to the commercial finance venture over three years.
Mubadala is a sovereign fund based in Abu Dhabi, the capital of the United Arab Emirates.
Related News
California's future with income-based flat-fee utility bills is getting closer
SAN FRANCISCO - Electricity bills in California are likely to change dramatically in 2026.
The California Public Utilities Commission (CPUC) is in the midst of an unprecedented overhaul of the way most of the state’s residents pay for electricity.
Utility bills currently rely on a use-more pay-more system, where bills are directly tied to how much electricity a resident consumes.
California lawmakers are asking regulators to take a different approach. Some of the bill will pay for the kilowatt hours a customer uses and a monthly fixed fee will help pay for expenses to maintain the electric grid: the poles, the substations, the…
