Alternative energy - GE, Vestas ( Denmark) , FPL Benefit From Energy Funds in Stimulus
Vestas Wind Systems A/S, FPL Group Inc. and General Electric Co. would benefit from at least $61 billion to promote cleaner energy in the U.S. stimulus measure negotiated in Congress. The $789 billion spending agreement struck by House and Senate lawmakers has direct spending and tax breaks for power lines, wind mills and smart meters, according to summaries issued by congressional leaders. The measure awaits final approval in both chambers. The federal aid would come in a recession that has dried up credit markets, caused cuts in clean-energy production and raised U.S. unemployment. The economic decline, the worst since the Great Depression, has set back companies developing clean and renewable energy sources after a record year in 2008.
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