Claim for loss - WabamunTransAlta Corporation (TSX:TA) (NYSE:TAC) today announced that its Wabamun unit four power plant has resumed full operations following the successful implementation of its return to service plan. The 279 MW plant resumed full operations on September 11, 2005.
"Thanks to the hard work and diligence of our employees, we were able to safely bring this power plant back into service," said Steve Snyder, TransAlta president and CEO. "During the restart activities, TransAlta employees worked closely with Alberta Environment, CN, key stakeholders and consultants to ensure that our activities were well coordinated with the cleanup efforts at Lake Wabamun."
TransAlta was forced to shut down the plant on August 3, 2005 due to the CN train derailment and resulting oil spill into Lake Wabamun, Alberta. After the shutdown, TransAlta monitored the situation in consultation with regulators and CN to determine when it was appropriate to return the Wabamun plant to service.
TransAlta estimates operating income has been adversely impacted by $15 million to $18 million to date as a result of the shut down. TransAlta is seeking recovery for all losses from those responsible... Sep 12, 2005 (BUSINESS WIRE)
ANY FOLLOW UP NEWS ON THIS?