Sep. 11, 2009 (PR Newswire) -- DALIAN, China, Sept. 11 /PRNewswire-FirstCall/ -- SPX Corporation (NYSE: SPW) today announced that its Chairman, President and Chief Executive Officer, Christopher J. Kearney, participated in an energy-focused panel discussion at the World Economic Forum's Annual Meeting of the New Champions, known as "Summer Davos," in Dalian, China on September 11, 2009. The global summit brings together more than 1,000 influential stakeholders and business champions from rapidly emerging economies, such as China, India, Russia, Mexico, and Brazil as well as developed countries.

Mr. Kearney's panel entitled "The New Climate Framework: What Will Copenhagen Mean for Tomorrow's Global Companies?" focused on the possible global business implications of a new climate change accord. The potential new accord, which would succeed the 1997 Kyoto Protocol, is expected to be reached at the United Nations Framework Convention on Climate Change taking place in Copenhagen at the end of 2009. Executives joining Mr. Kearney on the panel to share their expertise included:

    --  Yvo De Boer, Executive Secretary, United Nations Framework Convention on
Climate Change;
--  Mark Norbom, President and Chief Executive Officer, GE, People's
Republic of China
--  Caio Koch-Weser, Vice-Chairman, Deutsche Bank Group, Deutsche Bank,
United Kingdom; and

--  Wu Changhua, Greater China Director, The Climate Group, People's
Republic of China.

The panel was hosted and moderated by Geoff Cutmore, an anchor for CNBC -TV, which filmed portions of the debate for broadcast.

"Two of the most promising ways the world can drive increased energy capacity while also addressing climate change are increased investments in nuclear power and efficiency improvement technology for the broader power sector," said Mr. Kearney in addressing the panel. "Nuclear power is proven, safe and emits zero greenhouse gases, while generating the kind of base load power advanced economies require. China is rapidly building new nuclear capacity. The U.S., which has not built a new nuclear plant in 30 years, needs to do the same. To do this, we must lower the risk of investment in nuclear energy. A key step would be a six or seven-fold expansion of the U.S. Government loan guarantee program for nuclear investments, since the current $18.5 billion program will only cover about 15% of the value of pending nuclear plant applications," he added.

"Stepped up investment in efficiency improvement technologies for the power sector could play a significant role in reducing CO2 emissions," continued Mr. Kearney.