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TransAlta Corp (TA.TO)

TA.TO on Toronto Stock Exchange

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17 Jan 2017
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Latest Key Developments (Source: Significant Developments)

TransAlta signs new agreement for Mississauga cogeneration facility
Thursday, 22 Dec 2016 05:44pm EST 

Transalta Corp : TransAlta Corp says in conjunction with execution of new contract, TransAlta has agreed to terminate, effective December 31, 2016 . TransAlta Corp- expect accounting for new contract and termination of existing contract will have no impact to 2016 earnings on a comparable basis . TransAlta signs new agreement for mississauga cogeneration facility .TransAlta Corp- new contract will come into effect on January 1, 2017.  Full Article

Transalta reaches agreement with government of Alberta on transition payments
Thursday, 24 Nov 2016 09:51pm EST 

Transalta Corp : Transalta reaches agreement with the government of Alberta on transition payments and executes memorandum of understanding . Will receive annual cash payments of approximately $37.4 million, net to Transalta, commencing in 2017 and terminating in 2030 . Off-Coal agreement requires Transalta to cease all coal-fired emissions at affected plants on or before December 31, 2030 . Says off-coal agreement requires Transalta to cease all coal-fired emissions at affected plants on or before December 31, 2030 . Transalta - Entered MOU with government to cooperate and work collaboratively to advance objectives of Alberta climate leadership plan .Affected plants are not, recluded from generating electricity at any time by any method other than combustion of coal.  Full Article

Transalta Q3 non-GAAP loss C$0.04/shr
Friday, 4 Nov 2016 08:09am EDT 

Transalta Corp : Transalta reports third quarter 2016 results . Q3 non-GAAP loss per share C$0.04 . Q3 loss per share C$0.04 . Q3 earnings per share view C$-0.02 -- Thomson Reuters I/B/E/S . Qtrly revenue $620 million versus $641 million . Transalta Corp says expect to increase liquidity by year-end by executing against our project finance plan .Transalta Corp says incremental liquidity will be used to complete construction of south hedland and repay maturing debt in 2017.  Full Article

TransAlta qtrly comparable FFO per share $0.61
Tuesday, 9 Aug 2016 08:37am EDT 

TransAlta Corp : Qtrly reported net earnings attributable to common shareholders $0.02 net earnings per share . Qtrly revenue $492 million versus $438 million . Q2 earnings per share view c$-0.02, revenue view C$517.8 million -- Thomson Reuters I/B/E/S . "We anticipate achieving our goal of raising $400 to $600 million of project financing by year end" . Qtrly production 7,899 gwh versus 8,820 gwh . Qtrly comparable funds from operations per share $0.61 .Q2 FFO per share view C$0.47 -- Thomson Reuters I/B/E/S.  Full Article

TransAlta Corp acquisition of long-term contracted solar and wind assets
Monday, 27 Jul 2015 08:46am EDT 

TransAlta Corp:Announces acquisition of long-term contracted solar and wind assets.Deal for $75.8 million.Says assets acquired include 21 mw of solar projects located in Massachusetts and a 50 mw wind facility in minnesota.Says assets are contracted under long-term power purchase agreements ranging from 20 - 30 years.Says purchase price together with assumption of certain tax equity obligations and $41.8 million of non-recourse project debt.Says acquisition of 71 megawatts of long-term contracted renewable generation assets from an affiliate of Rockland capital llc.  Full Article

TransAlta Corp Declares Dividends
Tuesday, 21 Jul 2015 04:28pm EDT 

TransAlta Corp:Says declared a quarterly dividend of $0.18 per share on common shares payable on Oct. 1, 2015 to shareholders of record at the close of business Sept. 1, 2015.  Full Article

TransAlta Corp announces closing of $1.78 bln transaction with TransAlta Renewables
Thursday, 7 May 2015 05:10pm EDT 

TransAlta Corp:Announces that the closing of the acquisition by TransAlta Renewables Inc. of an economic interest based on the cash flows of TransAlta Corporation's Australian assets.Combined value of the Transaction is about $1.78 bln.With the closing of the Transaction, TransAlta has received net cash proceeds of $216.9 million as well as about $1,067 million as consideration through a combination of Common Shares and Class B Shares in TransAlta Renewables.  Full Article

TransAlta Corp cutting workforce in Canadian coal unit in effort to reduce costs - The Canadian Press
Monday, 27 Apr 2015 08:00pm EDT 

TransAlta Corp:Says it’s cutting its workforce in its Canadian coal generating unit by 20 pct as it works towards trimming annual costs by about $12 million - The Canadian Press.Says 164 positions were eliminated as a result of the reorganization, but only 27 were full-time.The rest were through attrition, retirements and reassignments.  Full Article

TransAlta Corp declares quarterly dividend
Monday, 27 Apr 2015 07:28pm EDT 

TransAlta Corp:Declares quarterly dividend of $0.18 per share on common shares.Dividend is payable on July 1, to shareholders of record at close of business June 1.  Full Article

TransAlta Renewables Inc agrees to invest $1.78 billion in Transalta Corp's Western Australia Portfolio
Monday, 23 Mar 2015 03:18pm EDT 

TransAlta Renewables Inc and Transalta Corp:Enters into an investment agreement pursuant to which TransAlta Renewables has agreed to invest in TransAlta's Australian power generation and gas pipeline portfolio and fund remaining project costs for South Hedland gas-fired project for a combined value of about $1.78 billion.Says portfolio consists of 575 MW of power generation from six operating assets and the South Hedland project currently under construction, as well as the recently commissioned 270 km gas pipeline.Says TransAlta Renewables' investment will consist of acquisition of securities which will track the cash flows of portfolio.Says in order to finance cash portion of investment, enters into a $200 million bought deal agreement led by CIBC and RBC Capital Markets as joint bookrunners, for sale of 15,820,000 subscription receipts of company at a price of $12.65 per subscription receipt.Says it anticipates that transaction will close in May.  Full Article

BRIEF-TransAlta says comments on federal plan for coal retirements and coal-to-gas regulations

* TransAlta comments on federal plan for coal retirements and coal-to-gas regulations Source text for Eikon: Further company coverage: