Summary of GLOBAL ENERGY INC

Changes in Registrant's Certifying Accountant, Financial Statements and Exhibit

Item 4.01 Changes in Registrant's Certifying Accountant. Previous Independent Registered Public Accounting Firm

On May 19, 2009, Kesselman & Kesselman, PricewaterhouseCoopers Israel, declined to stand for re-election as the independent registered public accounting firm of Global Energy, Inc. (the "Company").

Kesselman & Kesselman's reports on our financial statements for the most recent two fiscal years did not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles, except that the audit reports for the fiscal years ended December 31, 2007 and 2008 contained an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern.

During the two most recent fiscal years and through May 19, 2009, there were no disagreements with Kesselman & Kesselman on any matter of accounting principles or practices, financial statement disclosures, or auditing scope or procedures, which disagreements if not resolved to their satisfaction would have caused them to make reference thereto in their reports on the financial statements for such years.

As provided in Item 9A(T)(b) of Form 10-K for the years ended December 31, 2007 and 2008, management concluded that the Company's internal controls over financial reporting were not effective as of December 31, 2007 and December 31, 2008. Except for this matter, there have been no other reportable events with the Company as set forth in Item 304(a)(1)(v) of Regulation S-K during the two most recent audit periods and the interim period up to May 19, 2009.

The Company provided Kesselman & Kesselman with a copy of this Current Report on Form 8-K and requested that Kesselman & Kesselman furnish it with a letter addressed to the Securities and Exchange Commission ("SEC") stating whether or not it agrees with the above statements. A copy of the letter dated May 20, 2009 to the SEC furnished by Kesselman & Kesselman in response to that request is filed as Exhibit 16.1 to this Form 8-K.

Auditor Retention

On May 19, 2009, the Audit Committee retained Alan Weinberg CPA, an accountant registered with the Public Company Accounting Oversight Board to serve as the Company's independent accountant. During the two most recent fiscal years ended December 31, 2007 and December 31, 2008, and through May 19, 2009, the Company did not consult with Alan Weinberg CPA regarding the application of accounting principles to a specific completed or contemplated transaction or regarding the type of audit opinion that might be rendered by Alan Weinberg CPA on the Company's financial statements. Further, Alan Weinberg CPA did not provide any written or oral advice that was an important factor considered by the Company in reaching a decision as to any such accounting, auditing or financial reporting or any matter being the subject of disagreement or "reportable event" or any other matter as defined in Regulation S-K, Item 304 (a)(1)(iv) or (a)(1)(v).