Reliant Energy invests $25 million in Grande Communications

“We are excited by the opportunities this venture provides,” said Robert W. Harvey, vice chairman of Reliant Energy and new director of Grande Communications. “We are pleased to be working with Grande to provide Houston and Texas the technology of better, faster and more reliable voice, data and video services. We examined a number of options for participating in the residential broadband market and found Grande’s technology and management team to be superior. We also believe Grande’s emphasis on reliable customer service is consistent with our own.”

Sept. 28, 2000–Southern Co., Atlanta, has awarded GE Power Systems, a unit of General Electric Co., a $575 million multiyear service contract for combined-cycle power plants being built by affiliates of the Southern Co. in the US Southeast, GE said. The GE combined cycle systems will be located at the Wansley power station in Roopville, Ga, the Goat Rock power station in Smith, Ala., and at several other sites yet to be announced. Commercial operation dates of the projects are staggered between 2001 and 2004. The new orders bring Southern Co.’s total commitment for long-term service contracts with GE to more than $1 billion.

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