Bullboard - Stock Discussion Forum TransAlta Corp T.TA.P.H

Primary Symbol: T.TA Alternate Symbol(s): T.TA.P.E | T.TA.P.F | TACPF | T.TA.P.G | TSLTF | T.TA.P.J | TAC | T.TA.P.D

Utilities Utilities - Independent Power Producers

TransAlta Corporation owns, operates, and develops a diverse fleet of electrical power generation assets, utilizing a range of input resources that includes water, wind, solar, natural gas and thermal coal in Canada, the United States and Australia. The Company provides clean power for municipalities, medium and large industries, and utility customers. Its segments include Hydro, Wind & Solar... see more

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TransAlta Corp > Extended cold snap in Alberta

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Post by rustyblades on Jan 16, 2024 9:45am

Extended cold snap in Alberta

Anyone have an idea of how the record cold in Alberta of the last week will affect the earnings of Alberta Power Producers for Q1 2024? TD had a report today on Alberta Power Producers but the report didn't seem to take in the effects of the recent cold snap.

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Comment by lighter789 on Jan 16, 2024 8:05pm

I speculate it will be very positive - for 5 days the daily average price was ~$500/MWh or more, with extended periods of $1000/MWh. For the merchant part of their portfolio (i.e that is not pre-contracted), and which accounts at a minimum for >15% of their capacity, this would be highly lucrative. It should show up in the financial report in one of the next two quarters.

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Comment by rustyblades on Jan 17, 2024 10:05am

lighter789 thanks for the information. Very useful. Q1 24 will also be the first full quarter for the RNW acquisition assets under TA and full production at Kent Hills. It should be a good quarter but we're only two weeks into the quarter.

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