Global Roundtable On Climate Change

Steve Fludder February 27, 2009

The Challenge
60 50 40 30

Global Energy Related Emissions (Gt CO2/ yr)

Our Generations Moonshot

CO2 emissions 80%

2005

Decoupling needed Technology is key

20
10 0

1990

2000

2010

2020

2030

2040

2050

IEA Reference Scenario 80% reduction path

2 / / February 2009

Business Strategy Driving Innovation and Growth of Profitable Environmental Solutions

3 / / February 2009

1. Grow revenues to $25B

by 2010 2. Double R&D to $1.5B

3. Reduce GHG 1% absolute by 2012 4. Reduce water 20% absolute 5. Inform & Engage public Transparency ongoing

4 / / February 2009

A sustainable business strategy

INVEST
Profit Technology

$1.5B in R&D

Revenue to $25B

GROW

GEnx jet engine

PV solar panels
Save

Use

20% more fuel efficient

GHG/H2O Impact solar at GE HQ

REDUCE

Iberinco 10MW carbonfree electricity Caceres, Spain

lower emissions from jet test rig

5 / / February 2009

Reducing our own footprint

'04 '07
6.5 6.75 7 7.25 7.5 7.75

GHG Emissions (MM MT / yr)

> $100 MM savings 5,000+ projects

Lighting @ 46 plants

'04 '07
20

GHG Intensity (MT / $MM Rev)

30

40

50

60

70

'04 '07

Energy Intensity (MM Btu / $MM Rev)

250

300

350

400

450

500

550

'06 '07

Fresh Water Use (Billion Gallons)

$6.5MM, 59k tons CO2

9.5 10

7.5

8.5

12 Commitment

Innovative technologiesnow
Revenues ($B)
20% CAGR 25

Carbon

17
14

10

12

Energy Efficiency

'05 '06 '07 '08

10 goal

80 certified products company-wide solutions

Water

7 / / February 2009

Innovative technologiestomorrow
Wind Solar

$1.5B by 2010
doubling our 2005 investment Advanced Desalination

Hybrid evo

OLEDs

Carbon Capture

GEnx

Zero Liquid Discharge Energy Storage

Turbine Efficiency

8 / / February 2009

Carbon Mitigation
60 50 40 30

Global Emissions
(Gt CO2/ yr)

14% 12% 27%

Carbon Capture & Sequestration1 Nuclear1

Renewables & Biofuels1

today

20
10
IEA Reference Scenario 80% reduction path

47%

Energy Efficiency1

1990

2000

2010

2020

2030

2040

2050

1. Source: International Energy Agency World Energy Outlook 2008

9 / / February 2009

Carbon Mitigation at GE
CCS-New Gen IGCC & Precombustion Capture

CCS-Retrofit
Nuclear Wind Solar Biofuels

Silicone Based Solvents

ABWR / ESBWR 1.5 & 2.5 MW PV / Thin Film Co-fired Gasification

Energy Efficiency Entitlement

Sector Industrial Global Efficiency Opportunity (-Q BTU / yr, 2020)*

-53.0 -34.5 -13.8 -13.0 -21.0

*At >10% IRR, McKinsey ** 06 Usage: 100 Q BTU, EIA

Residential
Commercial

Transport
Supply: Power

Total Entitlement: ~130% of US Energy Use**

Energy Efficiency at GE
Sector Industrial Residential Commercial Transport Supply: Power Supply: Fuels Products* Growth with early-stage companies Advanced Processes Smart Homes Lighting Systems Energy Storage Smart Grid Advanced Coatings
*Certified Ecomagination solutions as of 12/08

8 6 8 16 10 3

GE Energy Financial Services VC / Growth Portfolio*

Energy Efficiency & Smart Grid

Renewables
Energy Storage Oil & Gas Transportation
*Excludes 1 undisclosed investment

Proof of Concept

Pilot Stage

Early Sales

Growth Stage

Development Stage
13 / / February 2009

Engaging with Stakeholders

Policy Academia Government

Technology

NGOs

Finance
Employees

Public Opinion

14 / / February 2009

ecomagination summary
Solving our Generations Toughest Challenge Driving Innovation and Customer and Shareholder Value Challenge calls for Multiple Technologies

Organic and Inorganic Innovation

Engaging Broad Constituencies

15 / / February 2009

Carbon Offsets by Greenhouse Gas Services, LLC, a GE AES venture

General Electric
GE Energy Financial Services: Over $20 billion in energy investments and renewable energy projects GE ecomagination: GE's commitment to provide products and services that generate significant environmental and economic performance advantages to GEs customers GHGS invests in and develops projects that reduce greenhouse gas emissions and supplies clients real, independently verified credits to offset emissions

AES Corporation
20% of global portfolio in renewables AES Climate Solutions: 300 people in 26 countries and 700 offset projects First carbon sequestration project in the late 1980s

Offers unrivalled credibility, quality, and scale Leverages leading carbon market expertise Represents highest standard of scientific and environmental integrity Provides diversified top-quality portfolio Covers full spectrum of project development and carbon asset management services

16 / / February 2009

17 / / February 2009