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United States

TransAlta Corp (TA.TO)

TA.TO on Toronto Stock Exchange

6.11CAD
22 Jul 2016
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Latest Key Developments (Source: Significant Developments)

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

TransAlta Corp gives FY 2015 EBITDA guidance in line with analysts' estimates
Thursday, 19 Feb 2015 07:48am EST 

TransAlta Corp:Expects FY 2015 comparable EBITDA in the range of $1.000 to $1.040 billion.FY 2015 EBITDA of $1.033 billion - Thomson Reuters I/B/E/S.  Full Article

TransAlta Corp declares dividends
Friday, 23 Jan 2015 06:24pm EST 

TransAlta Corp:Declares a quarterly dividend of $0.18 per share on common shares.Payable on April 1, to shareholders of record at the close of business March 2.Declared a quarterly dividend of $0.2875 per share on Cumulative Redeemable Rate Reset First Preferred Shares, Series A.Payable on March 31, to shareholders of record at the close of business March 2.Declares quarterly dividend of $0.2875 per share on Cumulative Redeemable Rate Reset First Preferred Shares, Series C.Payable on March 31, to shareholders of record at the close of business March 2.Declares quarterly dividend of $0.3125 per share on Cumulative Redeemable Rate Reset First Preferred Shares, Series E.Payable on March 31, to shareholders of record at the close of business March 2.Declares quarterly dividend of $0.33125 per share on Cumulative Redeemable Rate Reset First Preferred Shares, Series G.Payable on March 31, to shareholders of record at the close of business March 2.  Full Article

TransAlta Corp receives investment grade credit rating from Fitch Ratings
Thursday, 8 Jan 2015 04:15pm EST 

TransAlta Corp:Says that Fitch Ratings has assigned TransAlta a BBB- /Stable credit rating.  Full Article

TransAlta Corp lowers FY 2014 EBITDA guidance
Thursday, 30 Oct 2014 07:54am EDT 

TransAlta Corp:Revises expected comparable EBITDA for FY 2014 between $1.005 and $1.025 billion.FY 2014 EBITDA of $1.023 billion - Thomson Reuters I/B/E/S.  Full Article

BRIEF-TransAlta Renewables announces pricing of $159 mln project

* Bonds are amortizing and bear interest from their date of issue at a rate of 3.963%, payable semi-annually