General Electric to scrap California power plant 20 years early June 21, 2019 admin Business News Comments Off on General Electric to scrap California power plant 20 years early General Electric Co said on Friday it plans to demolish a large power plant it owns in California after only one-third of its useful life because the plant is no longer economically viable. …read more Source:: Reuters – Business News Did you enjoy this article? Join our FREE Newsletter! I agree to have my personal information transfered to MailChimp ( more information ) Join over 100,000 investors and business leaders worldwide. Get the latest actionable business and investing intelligence before the rest of the crowd.We hate spam. Your email address will not be sold or shared with anyone else.