Profile: TransAlta Corp (TA_pd.TO)
TransAlta Corporation (TransAlta), incorporated in March 1985, is engaged in the production and sale of electric energy. The Company is focused on generating electricity in Canada, the United States and Australia through its portfolio of facilities fuelled by coal, natural gas, hydroelectric, wind and geothermal resources. It operates facilities having approximately 10,280 megawatss (MW) of aggregate generating capacity. As of December 31,2012, the Company held a net ownership interest of 6,002 MW of electrical generating capacity in thermal, natural gas-fired, wind powered and hydroelectric facilities, comprised of 4,738 MW in Western Canada, 1,040 MW in Ontario, 99 MW in Quebec and 125 MW in New Brunswick. In the United States, its principal facilities include a 1,340 MW thermal facility and a 248 MW natural gas-fired facility, both located in Centralia, Washington. In Australia, it has 425 MW of net electrical generating capacity from natural gas-fired generation facilities that are located at customer mine sites. TransAlta is organized into three business segments: Generation, Energy Trading and Corporate. The Generation group segment is engaged in constructing, operating and maintaining its electricity generation facilities. The Energy Trading segment is responsible for the wholesale trading of electricity and other energy-related commodities and derivatives. The Corporate segment provides finance, tax, treasury, legal, regulatory, environmental, health and safety, sustainable development, corporate communications, government and investor relations, procurement, information technology, risk management, human resources, internal audit, and other administrative services, including compliance and governance services. In September 2012, the Company acquired Solomon power station. On September 28, 2012, the Company announced that the Company completed the acquisition from Fortescue Metals Group Ltd. (Fortescue) of its 125 MW natural gas- and diesel-fired Solomon power station in Western Australia.
Generation Business Segment
The Company owned Sundance and Keephills facilities are located approximately 70 kilometers west of Edmonton, Alberta. The Sheerness facility is located approximately 200 kilometers northeast of Calgary, Alberta and is jointly owned by TA Cogen, an Ontario limited partnership, and ATCO Power (2000) Ltd. Genesee facility is located approximately 50 kilometers west of Edmonton, Alberta, which it jointly owns with Capital Power. The Company’s thermal plants are generally base load plants. Its Poplar Creek plant is located in Fort McMurray, Alberta. Its operates this 356 MW cogeneration plant and delivers approximately 150 MW of electricity and steam to Suncor Energy Inc. The Company owns and operates approximately 992 MW of net wind generation capacity in eleven wind farms in western Canada, three in Ontario, one in Quebec and two in New Brunswick. The Company’s Eastern Canada generation facilities consist of The Sarnia plant, The Mississauga plant, The Ottawa plant and The Windsor plant.
The Company owns a two-unit 1,340 MW thermal facility and a 248 MW natural gas-fired facility in Centralia, Washington, located south of Seattle. It also owns a 1 MW hydroelectric generating facility on the Skookumchuck River near Centralia, and related assets which are used to provide water supply to its other generation facilities in Centralia. The Company also holds interests in Western Australia consisting of the 110 MW Parkeston generation facility through a 50/50 joint venture with NP Kalgoorlie Pty Ltd., a subsidiary of Newmont Australia Limited, and the 245 MW Southern Cross Energy natural gas and diesel generation facilities.
Energy Trading Segment
The Company energy trading segment provides a range of functions which include gathering and assessing market intelligence, enabling its management to more effectively engage in strategic planning and decision making; Negotiating and entering into contractual agreements with customers for the sale of output from its generation assets, including electricity, steam or other energy-related commodities; negotiating and managing fuel supply arrangements with third parties for its generation assets; scheduling physical deliveries of natural gas supplies used to generate electricity and the electrical generation output from each asset to meet contractual obligations while managing the physical and financial risks associated with the generation and transmission of electrical energy, including during periods of unplanned outages, and managing the value of electricity output and fuel inputs from each generating asset through a variety of regional portfolio optimization strategies. The Company also derives additional revenue and earnings from the wholesale trading of electricity and other energy-related commodities and derivatives.
STATION M, 110 12TH AVE SW, BOX
CALGARY AB T2P2M1