Key Developments: TransAlta Corp (TA_pd.TO)

TA_pd.TO on Toronto Stock Exchange

19.00CAD
23 Jul 2014
Price Change (% chg)

$0.00 (+0.00%)
Prev Close
$19.00
Open
$19.05
Day's High
$19.08
Day's Low
$19.00
Volume
9,690
Avg. Vol
13,517
52-wk High
$21.26
52-wk Low
$15.85

Search Stocks

Latest Key Developments (Source: Significant Developments)

Transalta Corp Signs Long-term Contract Extension with Mining Company in Western Australia
Wednesday, 30 Oct 2013 08:03am EDT 

Transalta Corp announced that through a subsidiary entity, has signed a long-term contract extension to supply power to the BHP Billiton (ASX:BHP) Nickel West operations in Western Australia from its Southern Cross Energy facilities. The new power supply agreement is effective immediately and replaces the previous contract which was set to expire at the beginning of 2014.  Full Article

Transalta Corp And TransAlta Renewables Inc. Announces Exercise Of Over-Allotment Option
Thursday, 29 Aug 2013 08:54am EDT 

Transalta Corp and TransAlta Renewables Inc. announced that in connection with Renewables' initial public offering of common shares (the Common Shares) that closed on August 9, 2013, the underwriters exercised their over-allotment option in part to purchase an additional 2.1 million Common Shares at the offering price of $10.00 per Common Share for gross proceeds of $21.0 million. Renewables has used the net proceeds received from the partial exercise of the over-allotment option to repay a portion of the amount outstanding under the acquisition note issued in favour of TransAlta in partial payment of the acquisition by Renewables of 28 contracted wind and hydroelectric power generation assets from TransAlta on August 9, 2013. The initial public offering, including the Common Shares issued pursuant to the exercise of the over-allotment option, has resulted in an aggregate of 22.1 million Common Shares being issued for gross proceeds to Renewables of $221.0 million. TransAlta, directly and indirectly, holds 92.6 million Common Shares, representing approximately 80.7% of the Common Shares in Renewables. The Common Shares were offered through a syndicate of underwriters, led by CIBC World Markets Inc. and RBC Dominion Securities Inc. and including Scotia Capital Inc., TD Securities Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., HSBC Securities (Canada) Inc., Merrill Lynch Canada Inc., Canaccord Genuity Corp. and Desjardins Securities Inc.  Full Article

Transalta Corp Announces Pricing Of $200 Million TransAlta Renewables Inc Initial Public Offering
Thursday, 1 Aug 2013 01:01pm EDT 

Transalta Corp announced that its wholly-owned subsidiary TransAlta Renewables Inc. has filed and obtained a receipt from the securities regulatory authorities in each of the provinces in Canada for the final prospectus in respect of the initial public offering of 20 million common shares of TransAlta Renewables. The Common Shares will be issued at an offering price of $10.00 per Common Share. Gross proceeds of the Offering will be $200 million. The Offering is expected to close on August 9, 2013. Closing of the Offering is subject to, and conditional upon, certain customary closing conditions, including the receipt of all necessary approvals. The net proceeds of the Offering will be used by TransAlta Renewables to indirectly acquire, from TransAlta, 28 contracted wind and hydroelectric power generation assets, in which TransAlta Renewables will have a net ownership interest of approximately 1,112 MW. TransAlta and TransAlta Renewables have entered into an underwriting agreement in respect of the Offering with a syndicate of underwriters, led by CIBC World Markets Inc. and RBC Dominion Securities Inc. as bookrunners, and including Scotia Capital Inc., TD Securities Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., HSBC Securities (Canada) Inc., Merrill Lynch Canada Inc., Canaccord Genuity Corp. and Desjardins Securities Inc.  Full Article

Transalta Corp Declares Dividends
Tuesday, 23 Jul 2013 06:50pm EDT 

Transalta Corp announced that Board of Directors has declared a quarterly dividend of $0.29 per share on common shares payable on October 1, 2013 to shareholders of record at the close of business August 30, 2013. 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 September 30, 2013 to shareholders of record at the close of business August 30, 2013. Quarterly dividend of $0.2875 per share on TransAlta's issued and outstanding Cumulative Redeemable Rate Reset First Preferred Shares, Series C, payable on September 30, 2013 to shareholders of record at the close of business August 30, 2013. quarterly dividend of $0.3125 per share on TransAlta's issued and outstanding Cumulative Redeemable Rate Reset First Preferred Shares, Series E, payable on September 30, 2013 to shareholders of record at the close of business August 30, 2013.  Full Article

Transalta Corp Announces Regulatory Approval Of Long-Term Contract Between Puget Sound Energy And Centralia Plant In Washington
Wednesday, 26 Jun 2013 07:45am EDT 

TransAlta Corp announced that regulatory approval was confirmed on June 25, 2013 in the state of Washington for an 11-year power purchase agreement between the Company's Centralia Power Plant and Puget Sound Energy for coal transition power. Under the approved power purchase agreement, PSE will acquire 180MW of firm, base-load coal transition power starting in December 2014. In the following 12 months the contract increases to 280MW. From December 2016 to December 2024, the contract is for 380MW, and volume drops to 300MW in the last year. This contract, along with existing hedges, means approximately 35 per cent of Centralia's total available production will be contracted from 2014 until the end of 2020, and approximately 65% will be contracted from 2021 through 2025.  Full Article

Transalta Corp Declares Dividends
Monday, 22 Apr 2013 08:12pm EDT 

Transalta Corp announced that Board of Directors declared a quarterly dividend of $0.29 per share on common shares payable on July 1, 2013 to shareholders of record at the close of business May 31, 2013. The Board of Directors of TransAlta Corporation also declared 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 June 30, 2013 to shareholders of record at the close of business May 31, 2013. The Board of Directors of TransAlta Corporation also declared 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 June 30, 2013 to shareholders of record at the close of business May 31, 2013. The Board of Directors of TransAlta Corporation 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, payable on June 30, 2013 to shareholders of record at the close of business May 31, 2013.  Full Article

Transalta Corp Declares Dividends
Monday, 28 Jan 2013 04:27pm EST 

Transalta Corp announced that it declared a quarterly dividend of $0.29 per share on common shares payable on April 1, 2013 to shareholders of record at the close of business March 1, 2013. The Board of Directors of TransAlta Corporation also declared 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, 2013 to shareholders of record at the close of business March 1, 2013. The Board of Directors of TransAlta Corporation also declared 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, 2013 to shareholders of record at the close of business March 1, 2013. The Board of Directors of TransAlta Corporation 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, payable on March 31, 2013 to shareholders of record at the close of business March 1, 2013.  Full Article

Transalta Corp Pricing of USD400 Million Senior Notes Offering
Friday, 2 Nov 2012 03:23pm EDT 

Transalta Corp announced that it has agreed to issue and sell USD400 million in aggregate principal amount of 4.500% senior notes due 2022 at an issue price equal to 98.266% of the principal amount of the notes. TransAlta will use the net proceeds from the sale of the notes to repay borrowings under existing credit facilities and for general corporate purposes. The offering of the notes was made under TransAlta's USD1.0 billion base shelf registration statement that was effective November 19, 2010.  Full Article

Transalta Corp Announces Reposition For Strategic Growth
Tuesday, 30 Oct 2012 06:30pm EDT 

Transalta Corp announced that as part of ongoing strategy to continuously improve operational and accelerate the growth of the Company, that it is realigning the talent of the organization. These actions will result in a net reduction of approximately 165 positions over the next six months, the majority of which will be from the Calgary office.  Full Article

Transalta Corp Announces Strategic Partnership With Midamerican Energy Holdings Co
Friday, 26 Oct 2012 07:50am EDT 

Transalta Corp and Midamerican Energy Holdings Co announced that the creation of a new strategic partnership through which the two companies will work together to develop, build and operate new natural gas-fired electricity generation projects in Canada. The agreement encompasses all new natural gas-fueled generation opportunities considered by either TransAlta or MidAmerican in Canada, including TransAlta's proposed Sundance 7 project, an up to 800-megawatt project based in Alberta, Canada. All development and construction or acquisition of approved projects will be funded on a 50-50 basis, and TransAlta will be responsible for construction management, operation and maintenance of projects that proceed.  Full Article

TransAlta named preferred bidder for Australian power plant

CALGARY, Alberta, April 15 - Canadian power company TransAlta Corp said on Tuesday it has been selected as the preferred bidder to build a A$550 million ($510 million) natural-gas fired generating station in South Hedland, Western Australia.

Search Stocks