Reuters: How General Electric gambled on fossil fuel power, and lost

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General Electric (GE) tried to believe that natural gas, coal and even some nuclear power plants were the lowest-cost producers of electricity on the planet, cheaper than wind or solar.

GE said gas is the most economical energy source. But GE Power’s profit fell 45 percent last year. CEO Jeff Immelt left GE in August. Read the full news on solar and wind sectors