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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Comment by lindbeckon Aug 10, 2013 4:08pm

616 Views

Post# 21661613

RE:RE:RE:RE:earnings for second quarter

Hmm, I'm not sure I understand who's reporting the truth here. On one hand, the company reports this, quote,"

TransAlta Reports Second Quarter 2013 Results

CALGARY, ALBERTA--(Marketwired - July 30, 2013) - TransAlta Corporation (TSX:TA)(NYSE:TAC) -

HIGHLIGHTS

Comparable EBITDA^(1,2,3) increased $54 million to $247 million compared to the same period last year
Funds From Operations^(2,3) ("FFO") increased $34 million to $184 million compared to the same period last year
Energy Trading delivered $14 million of gross margin in the second quarter, an increase of $25 million compared to the same period last year
New growth projects, Solomon gas and New Richmond wind, contributed approximately $14 million to Comparable EBITDA
Creation of TransAlta Renewables Inc. ("TransAlta Renewables") establishing a focused vehicle to pursue and fund growth opportunities in the renewable power generation sector
Significant advances on re-contracting assets in the U.S. and reducing merchant risk

TransAlta Corporation ("TransAlta") today reported an increase of $54 million in Comparable EBITDA to $247 million and an increase in FFO of $34 million to $184 million compared to the second quarter of 2012.

"Our second quarter results were up from the same period last year due to strength in our wind, hydro and gas businesses, the addition of new assets and a return to a normal level of margin in Energy Trading," said Dawn Farrell, President and CEO. "Our diversified portfolio supported increased earnings and cash flow."

"In the quarter, we also made strong advances in driving our strategy forward through the creation of TransAlta Renewables and a new partnership with MidAmerican Transmission to pursue growth opportunities in the transmission business. Both initiatives will provide TransAlta with more flexibility for pursuing and funding growth."

The company states that "Our second quarter results were up from the same period last year due to blah blah blah etc. etc....

What the NASDAQ website isn't showing us on this table is the same reporting period last year. I don[t remember what the earnings were last year's 2nd quarter, but they must have been lower than THIS year's quarter, am I right? Comments from the peanut gallery?

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