CALGARY, Oct. 1, 2019 /CNW/ – TransAlta Corporation (TransAlta) (TSX: TA)(NYSE: TAC) and SemCAMS Midstream ULC (“SemCAMS”), a subsidiary of SemGroup Corporation (NYSE:SEMG) announce today that they have entered into definitive agreements to develop, construct and operate a new cogeneration facility at the Kaybob South No. 3 sour gas processing plant. The Kaybob facility is strategically located in the Western Canadian Sedimentary Basin and accepts natural gas production out of the Montney and Duvernay formations. TransAlta will construct the cogeneration plant which will be jointly owned, operated and maintained with SemCAMS. The capital cost of the new cogeneration facility … Continue Reading

CALGARY, Sept. 16, 2019 /CNW/ – TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) announces today its Clean Energy Investment Plan, which includes converting its existing Alberta coal assets to natural gas and advancing its leadership position in renewable energy. The total cost of the plan is expected to be approximately $2 billion which includes approximately $800 million of renewable energy projects already under construction.

TransAlta’s plan includes converting three of its existing Alberta thermal units to gas in 2020 and 2021 by replacing existing coal burners with natural gas burners. The Company will also convert two … Continue Reading

CALGARY, July 25, 2019 /CNW/ – TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA; NYSE: TAC) today commented on the Government of Alberta’s announcement that the energy-only market framework in Alberta will be maintained. 

The promise by the Government of Alberta to deliver a decision on market structure within 90 days was fulfilled, thereby reducing significant uncertainty for TransAlta in assessing investment decisions in the Alberta power generation market. The Company has undertaken a review of its future investment decisions on coal-to-gas conversions and repowering through hybrid investments, as well as the impacts on our hydro and wind assets, … Continue Reading

CALGARY, May 27, 2019 /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 4.92% of issued and outstanding Common Shares as at May 27, 2019. Purchases under the NCIB may be made through open market transactions on the TSX and any alternative Canadian trading platforms … Continue Reading

CALGARY, May 14, 2019 /CNW/ –

Financial Highlights

TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) today reported first quarter 2019 financial results which reflect strong operational and financial results for the quarter, based on the execution of our strategic goals to competitively position our assets in the market.  Our portfolio of assets in Alberta benefitted … Continue Reading

CALGARY, April 26, 2019 /CNW/ – TransAlta Corporation (“TransAlta” or the “Company”) (TSX:TA) (NYSE:TAC) announced that shareholders elected all of management’s director nominees to the TransAlta Board of Directors and approved all other resolutions at the Company’s Annual and Special Meeting of Shareholders (the “Meeting”) held earlier today. In total, 182,931,519 votes were cast in person or by proxy, representing 64.27% of the eligible common shares – one of the highest participation rates at a TransAlta shareholders’ meeting ever.

“Today’s result is an important validation of TransAlta’s strategy, team and progress,” said Ambassador Gordon Giffin, Chair of the … Continue Reading

CALGARY, April 23, 2019 /CNW/ – TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) today commented on the latest news release from Mangrove Partners.

“Mangrove’s latest claim is without merit and is simply the latest complaint in a string of frivolous tactics. We will defend TransAlta and the interests of our shareholders vigorously,” said Ambassador Gordon Giffin, Chair of the Board of TransAlta. “A majority of our shareholders have already voted overwhelmingly in support of the Board at our upcoming Meeting. We look forward to moving ahead with our value creation plan supported by our partnership … Continue Reading

CALGARY, April 11, 2019 /CNW/ – In response to Mangrove Partners’ press release, TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA) (NYSE: TAC) today provided the following statement:

TransAlta stands by the Brookfield investment and strategic partnership and adhered to proper governance practices in negotiating and deciding to proceed with the transaction. The Board and its Special Committee firmly believe it is in the best interests of the Company and its shareholders and other stakeholders. Many of our largest shareholders agree. In conversations with our major institutional shareholders this week, we continue to hear that shareholders are supportive of … Continue Reading