TransAlta Corp T.TA

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

Utilities Utilities - Independent Power Producers

TransAlta Corporation owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia. It provides municipalities, medium and large industries, businesses and utility customers with affordable, energy-efficient and reliable power. It also produces wind power and hydro-electric power. Its segments include Hydro, Wind & Solar, Gas, Energy Transition, Energy Marketing, and Corporate. It has a diversified fleet of hydro, wind, solar, natural gas, and cogeneration generate 7,300 megawatt 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, Fortescue River Gas Pipeline, and others. The Antrim Wind Project is situated on over 1,700 acres of land located in Hillsborough County, New Hampshire.

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TransAlta Corp

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Post by scissors14on Oct 17, 2007 2:06pm

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Post# 13589252

20 Million Share Repurchase?

TransAlta May Be Facing 20 Million Share Repurchase by FP Trading Desk The $629-million purchase of TransAlta Power LP by Li Ka-Shing’s Cheung Kong Infrastructure Holdings Ltd. doesn’t look like a financial move. Instead, the buyer will likely negotiate (if it isn’t already) to buy TransAlta Corp.’s (TAC) remaining 49.99% stake in TransAlta Cogeneration LP that it didn’t get in Monday’s deal. That’s the view of Desjardins Securities analyst Daniel Shteyn, who reminded clients in a note that this is merely educated speculation. However, if TransAlta Corp. does sell its stake, he thinks the proceeds could go towards a 20 million share repurchase. Nonetheless, he is leaving his C$30 price target and “hold” rating on TransAlta Corp. unchanged for now.

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