From Reuters, September 3:
U.S. Energy Secretary Chris Wright said a deal between Venezuela and U.S. energy equipment and services company GE Vernova aims to help stabilize Venezuela's beleaguered power grid in six months to a year and boost it in coming years."The plan is immediately ... in six to 12 months (to) focus on getting existing assets on the ground back in working order, back in condition, stabilize the grid, expand the hours of service," Wright told reporters late on Wednesday before flying back to Washington.GE Vernova was one of several companies that committed to expanding energy projects in Venezuela during a ceremony in Caracas on Wednesday overseen by interim President Delcy Rodriguez and Wright....
....MUCH MORE
The stock is down today, $950.19 last, off $21.12 (−2.17%). It's been a tough month for the big dog, down 5.3% since August 10:
On the other hand GEV is up over 700% since it was spun out of GE in March 2024, making the recent ructions easier to bear.
As King Louis XVI (Mel Brooks) said in History of the World Part 1:
"It's good to be the King"
