Soon after the National Energy Act was signed into law, GE was quick to announce formation of a new "Cogeneration Projects Department". Its purpose was to pursue new market opportunities made possible by PURPA. Their approach was to assist a new breed of project developer entrepreneurs to exploit the new vulnerability of electric utilities (under PURPA). GE helped developers to find good project sites close to fuel supply and transmission lines, assisted them in the application of GE equipment for cogeneration, and supported their proposals of "Power Purchase Agreements" ("PPA") to the local utilities.