GE Power is failing because of bloated cost structure full of duplication, excessive management, and inefficiency and cost of quality caused by turmoil in the workplace and gutting out expertise by inept management.
Add to this the huge bloated cost structure and duplication of Atlanta, where the functions there used to be done by a fraction of headcount in the product departments where service was attached to the expertise there. Other duplication GE factories built in India and China, and Alstom duplication has put power in a near cost death spiral.
GE needs to go back to vertical integration, where they manufacture products again instead of buy expensive farmed out parts and try to mark them up after limited assembly in too many facilities operating at low utilization factors. GE has really screwed up from decades of bad structural changes by out of touch new management types.