General Electric: Does Brazil Really Want 662 Transformers Removed? [Seeking Alpha]
GE Aerospace (GE)
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Source: Seeking Alpha
General Electric: Does Brazil Really Want 662 Transformers Removed? Summary Brazil's power system operator requested that 662 GE transformers be removed from the country's grid system. GE's Power division has another unhappy client. This does not bode well for GE's long-term prospects. Sell GE. General Electric transformer plant. Source: Transformers Magazine When it rains it pours for General Electric ( Reuters reported Brazil’s power system operator has requested that 662 transformers made by General Electric Co (GE.N) be removed from the country’s grid after a number of explosions involving the devices, according to document seen by Reuters. The document, which was prepared by Brazil’s grid operator ONS and submitted to the Ministry of Mines and Energy in early December, says 53 GE transformers have exploded in the past six years, suggesting that the incidents may be associated with the product or its materials. They are all the same transformer model. GE is disputing whether the e
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