CALGARY, AB, Dec. 1, 2020 /CNW/ – TransAlta Corporation (“TransAlta” or “the Company”) (TSX: TA) (NYSE: TAC) announced today that it has closed its 49 per cent equity investment in the Skookumchuck Wind Project (“Skookumchuck”) with Southern Power Company, a subsidiary of Southern Company. Skookumchuck is a 136.8 MW wind project located in Lewis and Thurston Counties, Washington consisting of 38 Vestas V136 wind turbines.

Skookumchuck began commercial operation on November 7, 2020 and has a 20-year power purchase agreement (“PPA”) with Puget Sound Energy, Inc.

“Our investment in Skookumchuck furthers our ambitious objectives as outlined in our Clean Energy … Continue Reading

CALGARY, AB, Nov. 4, 2020 /CNW/ –

Third Quarter 2020 Highlights

Year-to-date 2020 Financial Highlights

CALGARY, AB, Oct. 1, 2020 /CNW/ – TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) announced today that the Company, with its partner Tidewater Midstream & Infrastructure Ltd. (“Tidewater”), has entered into a Purchase and Sale Agreement with ATCO Gas and Pipelines Ltd. (“ATCO”) to sell the Pioneer Pipeline for a purchase price of CDN $255 million. This agreement replaces the Company’s previous agreement to sell its interest in the Pioneer Pipeline to NOVA Gas Transmission Ltd. (“NGTL”). ATCO acquired the right to purchase the Pioneer Pipeline through an option agreement with NGTL.

Following closing of … Continue Reading

CALGARY, AB, July 31, 2020 /CNW/ –

Second Quarter 2020 Highlights

CALGARY, AB, July 10, 2020 /CNW/ – TransAlta Corporation (“TransAlta”) (TSX: TA) (NYSE: TAC) will release its second quarter 2020 results before markets open on Friday, July 31, 2020. A conference call and webcast to discuss the results will be held for investors, analysts, members of the media and other interested parties the same day beginning at 9:00 a.m. Mountain Time (11:00 a.m. ET). The media will be invited to ask questions following analysts.

Please contact the conference operator five minutes prior to the call, noting “TransAlta Corporation” as the company.

Second Quarter 2020 Conference Call:… Continue Reading

CALGARY, May 26, 2020 /CNW/ – TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) today announced that the Toronto Stock Exchange (“TSX”) has accepted the notice filed by the Company to implement a normal course issuer bid (“NCIB”) for a portion of its common shares (“Common Shares”). 

Pursuant to the NCIB, TransAlta may repurchase up to a maximum of 14,000,000 Common Shares, representing approximately 7.02% of its public float of Common Shares as at May 25, 2020. Purchases under the NCIB may be made through open market transactions on the TSX and any alternative Canadian trading … Continue Reading

CALGARY, April 20, 2020 /CNW/ – TransAlta Corporation (“TransAlta”) (TSX: TA) (NYSE: TAC) will release its first quarter 2020 results before markets open on Tuesday, May 12, 2020. A conference call and webcast to discuss the results will be held for investors, analysts, members of the media and other interested parties the same day beginning at 9:00 a.m. Mountain Time (11:00 a.m. ET). The media will be invited to ask questions following analysts.

Please contact the conference operator five minutes prior to the call, noting “TransAlta Corporation” as the company.

First Quarter 2020 Conference Call:
Toll-free … Continue Reading

CALGARY, March 17, 2020 /CNW/ – TransAlta Corporation (“TransAlta”) (TSX: TA) (NYSE: TAC) announced today the acquisition of a contracted cogeneration asset from two private companies for a purchase price of approximately US$27 million, subject to working capital adjustments. The asset is a 29 MW cogeneration facility in Michigan which is contracted under a long-term power purchase agreement and steam sale agreement for approximately six years with high quality counterparties.

“The acquisition marks our first U.S. cogeneration project and aligns with our strategy of growing our on-site generation business, diversifying our cogeneration portfolio, and increasing the pipeline of … Continue Reading

CALGARY, March 12, 2020 /CNW/ – TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) announced today that the Company, with its partner Tidewater Midstream & Infrastructure Ltd. (“Tidewater”), has entered into a Letter of Intent to sell the Pioneer Pipeline to NOVA Gas Transmission Ltd. (“NGTL”), a wholly-owned subsidiary of TC Energy, for a purchase price of CDN $255 million. As part of the transaction, NGTL intends to integrate the Pioneer Pipeline into its natural gas pipeline infrastructure in Alberta.

The benefits of the transaction to TransAlta include:

Fourth Quarter 2019 Highlights

CALGARY, Dec. 17, 2019 /CNW/ – TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) announced today that it has increased Free Cash Flow (“FCF”) guidance to $350 million to $380 million from the prior range of $300 million to $340 million.   This expected increase to FCF is primarily attributable to the continued strong performance of the Energy Marketing segment into the fourth quarter.  The gross margin for our Energy Marketing segment is now forecasted to be at the top end of the range of $100 million to $120 million that had been disclosed by the Company … Continue Reading

Financial and Operating Highlights