Midwest Steel Mill:
This mill was looking to finance a $6.5 million substation, with various power distribution equipment, a coal preparation facility and arc furnace transformer and vaults. GE provided construction term funding during the 15 month installation period, then converted to a 96 month permanent loan. The rate was indexed to 90 day GE Capital commercial paper, reset every 90 days.
New York City Hotel:
GE Capital provided construction funding for a $1.1 million boiler during the 10 month installation period, then converted to a 60 month permanent loan. The rate floated for the installation period and was fixed at the date of permanent funding. That allowed the ESCO to secure a multiple year natural gas supply contract in addition to the development activity.
West Coast University:
A university on the west coast need to finance over $8.7 million worth of chillers, boilers, lighting components and air handling units. GE Capital financed the entire project over an eleven year term.
Midwest School District:
Looking to replace 40 year old equipment, a midwestern school district is in the process of a lighting retrofit in 15 different school buildings. The project totalled $2 million and is financed over a ten year period.
Eastern School System:
Window replacements and energy management equipment were installed in 6 schools replacing 20 year old equipment. The school system financed the final phase of a two phase project totaling $1 million over a ten year period.
