Key Developments: TransAlta Corp (TAC)

TAC on New York Consolidated

11.51USD
30 Jul 2014
Price Change (% chg)

$-0.17 (-1.46%)
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Latest Key Developments (Source: Significant Developments)

TransAlta Corp reaffirms FY 2014 EBITDA guidance
7:30am EDT 

TransAlta Corp:Says Q2 2014 results are consistent with its expectations to meet FY 2014 EBITDA guidance of $1.015 billion to $1.065 billion.FY 2014 EBITDA of $1.043 billion - Thomson Reuters I/B/E/S.  Full Article

TransAlta Corp to build highly efficient power station in Western Australia
Monday, 28 Jul 2014 07:32am EDT 

TransAlta Corp:Agreed to build, own and operate 150 MW combined cycle gas power station in South Hedland, Western Australia.To supply power to Horizon Power, state owned utility, and to The Pilbara Infrastructure Pty Ltd, subsidiary of Fortescue Metals Group.Project is estimated to cost about A$570 mln which includes cost of acquiring existing equipment from Horizon Power.Project will be built on an existing site at Boodarie Industrial Estate and will be one of most efficient power stations in region.  Full Article

TransAlta Corp declares dividends
Tuesday, 22 Jul 2014 06:07pm EDT 

TransAlta Corp:Declares quarterly dividend of $0.18 per share on common shares payable on Oct. 01, 2014 to shareholders of record at close of business Aug. 29, 2014.Also declares quarterly dividend of $0.2875 per share on TransAlta's issued and outstanding Cumulative Redeemable Rate Reset First Preferred Shares, Series A.Also declares quarterly dividend of $0.2875 per share on TransAlta's issued and outstanding Cumulative Redeemable Rate Reset First Preferred Shares, Series C.Also declared a quarterly dividend of $0.3125 per share on TransAlta's issued and outstanding Cumulative Redeemable Rate Reset First Preferred Shares, Series E.These are payable on Sept. 30, 2014 to shareholders of record at the close of business Aug. 29, 2014.  Full Article

TransAlta Corp announces pricing of U.S. $400 million senior notes offering
Thursday, 29 May 2014 01:54pm EDT 

TransAlta Corp:Says that it priced U.S. $400 million aggregate principal amount of its 1.900 pct senior notes due 2017 at an issue price equal to 99.887 pct of the principal amount of the notes, in an underwritten registered public offering.Says that it will use the net proceeds from the sale of the notes to repay borrowings under existing credit facilities and for general corporate purposes.  Full Article

TransAlta Corp announces public offering of U.S. senior notes
Thursday, 29 May 2014 09:30am EDT 

TransAlta Corp:Commenced a public offering of its senior notes in a U.S. registered public offering.Says it will use the net proceeds from the sale of the notes to repay borrowings under existing credit facilities and for general corporate purposes.  Full Article

TransAlta Renewables Inc. and TransAlta Corp complete $136.2 mln secondary offering of common shares
Tuesday, 29 Apr 2014 08:34am EDT 

TransAlta Renewables Inc. and TransAlta Corp:Completes previously announced offering of 10,950,000 common shares of TransAlta Renewables at a price of $11.40 per common share.Over-allotment option granted to the syndicate of underwriters, led by CIBC and RBC Capital Markets, was exercised for an additional 1,000,000 Common Shares also at a price of $11.40 per Common Share.Gross proceeds to TransAlta of $136.2 mln.Proceeds to be used for reducing indebtedness, to fund growth, and for general corporate purposes.  Full Article

TransAlta Corp declares dividends
Monday, 28 Apr 2014 05:49pm EDT 

TransAlta Corp:Declares quarterly dividend of $0.18 per share on common shares payable on July 1 to shareholders of record at the close of business May 30.  Full Article

TransAlta Renewables and TransAlta Corp announce $125 mln secondary offering of common shares
Wednesday, 9 Apr 2014 04:13pm EDT 

TransAlta Renewables Inc and TransAlta Corp:Enters agreement with a syndicate of underwriters, co-led by CIBC and RBC Capital Markets, for a secondary offering, on a bought deal basis, of 10,950,000 common shares of TransAlta Renewables at a price of $11.40 per common share.Says it will not receive any of the proceeds from the sale of common shares held by TransAlta.Underwriters granted an option to purchase up to an additional 1,095,000 common shares at the offering price to cover over-allotments, if any, for additional gross proceeds of about $12,483,000.Proceeds from the offering will be used by TransAlta to reduce indebtedness, to fund growth, and for general corporate purposes.Upon completion of the Offering, but before giving effect to the over-allotment option, TransAlta will own 71.2 pct of the Common Shares of TransAlta Renewables.TransAlta's interest will be reduced to about 70.2 pct if the over-allotment option is exercised in full.  Full Article

Transalta Corp gives FY 2014 EBITDA guidance below analysts' estimates
Thursday, 20 Feb 2014 07:30am EST 

Transalta Corp:Expects FY 2014 comparable EBITDA of $1.015 and $1.065 billion.FY 2014 EBITDA of $1.072 billion - Thomson Reuters I/B/E/S.  Full Article

Transalta Corp declares quarterly dividends
Thursday, 20 Feb 2014 07:30am 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 4.Declares a quarterly dividend of $0.2875 per share on TransAlta's issued and outstanding Cumulative Redeemable Rate Reset First Preferred Shares, Series A, payable on March 31 to shareholders of record at the close of business on March 4.Declares a quarterly dividend of $0.2875 per share on TransAlta's issued and outstanding Cumulative Redeemable Rate Reset First Preferred Shares, Series C, payable on March 31 to shareholders of record at the close of business on March 4.Declares a quarterly dividend of $0.3125 per share on TransAlta's issued and outstanding Cumulative Redeemable Rate Reset First Preferred Shares, Series E, payable on March 31 to shareholders of record at the close of business on March 4.  Full Article

UPDATE 1-TransAlta to build $536 mln power station in Australia

July 28 - Canadian power company TransAlta Corp said it would build a A$570 million ($536 million) gas power station in South Hedland, Western Australia.

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