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

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