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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Post by BeEm1on Mar 07, 2016 9:01am

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Post# 24628989

Power Purchase Agreement Termination at Sundance

CALGARY, ALBERTA--(Marketwired - Mar 7, 2016) - TransCanada Corporation (TRP)(TRP) (TransCanada) today announced plans to terminate its Alberta Power Purchase Arrangements (PPAs). This termination affects the Sheerness, Sundance A and Sundance B PPAs. "The agreements contain a provision that permits the PPA buyers to terminate the PPAs if there is a change in the law that makes the agreements unprofitable," said Bill Taylor, TransCanada's executive vice-president and president, Energy. "We have made the decision to exercise this right."

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