TransAlta Corp T.TA

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

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, Gas, Energy Transition, Energy Marketing, and Corporate. The Company has a diversified portfolio of energy assets and its diverse fleet of hydro, wind, solar, natural gas and cogeneration generate about 6.7 gigawatts (GW) of electricity. It delivers renewable energy solutions for large scale commercial partners, including tech companies. It operates a fleet of electrical power generation assets, including Antrim Wind Project, Ardenville Wind Facility, Old Town Wind Project, Pinnacle Project, SunHills Solar Project, Cascade hydro power plant, and Fortescue River Gas Pipeline, among others.

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TransAlta Corp

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Comment by BeEm1on Dec 08, 2015 9:28am

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Post# 24364448

RE:RE:RE:RE:RE:RE:Preferreds?

The TA.PR.D preferreds are to reset March 31, 2016 to a new rate equal to the 5-yr Government of Canada Bond yield plus 2.03%. The GOC 5-yr rate is currently at about 0.845% so the reset rate would be 2.03 + 0.845 = 2.875%, based on a purchase price of $25.00 per share. Given the current significantly discounted price of $8.57, that translates into a reset rate equal to 2.875 x 25/8.57 = 8.39%. But as DMR notes, there is risk which, though less than the risk of owning the common shares, is significant (as suggested by the discounted price).

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