Profile: TransAlta Corp (TA_pd.TO)

TA_pd.TO on Toronto Stock Exchange

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8 Feb 2016
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TransAlta Corporation (TransAlta), incorporated on January 1, 2009, is engaged in the production and sale of electric energy. The Company is focused on generating electricity in Canada, the United States and Western Australia through its portfolio of facilities fuelled by coal, natural gas, diesel, hydro and wind. The Company is organized into three business segments: Generation, Energy Marketing and Corporate. The Generation segment is responsible for constructing, operating and maintaining the Company’s electricity generation, as well as the operation and maintenance of its related mining operations in Canada. The Energy Marketing segment is responsible for marketing its production through short-term and long-term contracts. The Energy Marketing segment also encompasses the management of available generating capacity, as well as the fuel and transmission needs of the Generation business. Both segments are supported by a Corporate segment that 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.

The Company operates its facilities having approximately 9,990 megawatts (MW) of aggregate generating capacity. In Canada, the Company holds a net ownership interest of approximately 6,317 megawatts of electrical generating capacity in thermal, natural gas-fired, wind powered and hydroelectric facilities, comprising 5,161 megawatts in Western Canada, 922 megawatts in Ontario, 147 megawatts in Quebec and 88 megawatts in New Brunswick. In the United States, the Company’s facilities include a 1,340 megawatts thermal facility and 101 megawatts net interest in a wind farm located in Wyoming. In Australia, it has 425 megawatts of net electrical generating capacity from natural gas and diesel-fired generation facilities that are located at customer mine sites.

Generation

The Company’s Western Canada thermal facilities include Genesee, Keephills, Sheerness and Sundance facilities. The Genesee facility, located approximately 50 kilometers west of Edmonton, Alberta, is jointly owned with Capital Power. Coal for the Genesee 3 facility is provided from the adjacent Genesee mine. Keephills 1 and 2 and the Sundance facilities are located approximately 70 kilometers southwest of Edmonton, Alberta, and are both owned by TransAlta. The Sheerness facility is located approximately 200 kilometers northeast of Calgary, Alberta and is jointly owned by TA Cogen and ATCO Power (2000) Ltd. (ATCO Power). Coal for the Sheerness facility is provided from the adjacent Sheerness mine. Fuel requirements for its Western Canadian thermal generation facilities are supplied by a surface strip coal mine located in close proximity to the facilities. It owns the Highvale mine that supplies coal to the Sundance and Keephills facilities and performs the mining, reclamation and associated work at the Highvale mine. Keephills 3 facility is jointly operated by Capital Power and the Company. It provides the coal fuel to the Keephills 3 facility through its Highvale mine. The Company’s Western Canadian natural gas-fired generation facilities include Fort Saskatchewan and Fort McMurray. Its interest in the Fort Saskatchewan facility is held through TA Cogen. The 118 megawatts natural gas-fired Combined-Cycle cogeneration Fort Saskatchewan plant is owned by TA Cogen and Strongwater Energy Ltd. Its Poplar Creek plant is located in Fort McMurray, Alberta. It operates Poplar Creek 356 megawatts cogeneration plant.

The Company’s Western Canadian hydroelectric facilities are located at Akolkolex River System, Mamquam River System, Thompson River System, Bow River System, North Sask. River System and Oldman River System. Akolkolex is a run-of-river hydroelectric facility with installed capacity of 10 megawatts located on the Akolkolex River, south of Revelstoke, British Columbia. It owns an approximate net 70% interest in Akolkolex River System facility through its interest in TransAlta Renewables. Pingston is a run-of-river hydroelectric facility with installed capacity of 45 megawatts located on Pingston Creek, southwest of Revelstoke, British Columbia and down river of the Akolkolex facility. It owns an approximate net 40% interest in Pingston Creek facility through its interest in TransAlta Renewables. Upper Mamquam is a run-of-river hydroelectric facility with installed capacity of 25 megawatts located on the Mamquam River, east of Squamish, British Columbia, and north of Vancouver. It owns an approximate net 70% interest in this facility through its interest in TransAlta Renewables. Bone Creek is a run-of-river hydroelectric facility with installed capacity of 19 megawatts located on Bone Creek, south of the town of Valemount, British Columbia. It owns an approximate net 70% interest in Bone Creek facility through its interest in TransAlta Renewables. Barrier is a run-of-river hydroelectric facility with installed capacity of 13 megawatts located in Seebe, Alberta. It owns 100% of Barrier facility that operates under an Alberta PPA. Bearspaw is a hydroelectric facility with installed capacity of 17 megawatts located on the Bow River in Calgary, Alberta. It owns 100% of this facility. Cascade is a hydroelectric facility with installed capacity of 36 megawatts located on the Cascade River in Banff National Park, Alberta. It owns 100% of Cascade facility. Ghost is a hydroelectric facility with installed capacity of 51 megawatts located on the Bow River in Cochrane, Alberta. It owns 100% of Ghost facility. Horseshoe is a run-of-river hydroelectric facility with installed capacity of 14 megawatts located in Seebe, Alberta, owned by the Company. Interlakes is a hydroelectric facility with installed capacity of 5 megawatts located in Kananaskis, Alberta. It owns 100% of Interlakes facility. Kananaskis is a run-of-river hydroelectric facility with installed capacity of 19 megawatts located in Seebe, Alberta. It owns 100% of Kananaskis facility. Pocaterra is a hydroelectric facility with installed capacity of 15 megawatts located in Kananaskis, Alberta. It owns 100% of Pocaterra facility. Rundle is a hydroelectric facility with installed capacity of 50 megawatts located in Canmore, Alberta on the Spray system. It owns

100% of Rundle facility. Spray is a hydroelectric facility with installed capacity of 103 megawatts located in Canmore, Alberta on the Spray system. It owns 100% of Spray facility. Three Sisters is a hydroelectric facility with installed capacity of 3 megawatts located at the base of the Three Sisters Dam in Canmore, Alberta on the Spray system. It owns 100% of Three Sisters facility. North Saskatchewan River System consists of Bighorn and Brazeau. Bighorn is a hydroelectric facility with installed capacity of 120 megawatts located in Nordegg, Alberta. Brazeau is a hydroelectric facility with installed capacity of 355 megawatts located in Drayton Valley, Alberta. The Company owns 100% of Bighorn and Brazeau facilities. The Company’s Oldman River System consists of Belly River, St. Mary, Taylor and Waterton. Belly River is a run-of-river hydroelectric facility with installed capacity of 3 megawatts located on the Waterton-St. Mary Headworks Irrigation Canal System, in Southern Alberta. It owns an approximate net 70% interest in Belly River facility through its interest in TransAlta Renewables. St. Mary is a run-of-river hydroelectric facility with installed capacity of 2 megawatts located at the base of the St. Mary Dam on the Waterton Reservoir, in Southern Alberta. Taylor is a run-of-river hydroelectric facility with installed capacity of 13 megawatts and is located adjacent to the Taylor Coulee Chute on the Waterton-St. Mary Headworks Irrigation Canal System. It owns an approximate net 81% interest in Taylor facility through its interest in TransAlta Renewables. Waterton is a run-of-river hydroelectric facility with installed capacity of 3 megawatts located at the base of the Waterton Dam on the Waterton Reservoir, Alberta. It owns an approximate net 70% interest in Waterton facility through its interest in TransAlta Renewables.

The Company, together with TransAlta Renewables, owns approximately 1,049 megawatts of net wind generation capacity in 11 wind farms in Western Canada, three in Ontario, two in Quebec, two in New Brunswick, and one in the state of Wyoming in the United States. Its Western Canadian wind generation facilities include Ardenville, Blue Trail, Macleod Flats, McBride Lake, Soderglen, Castle River, Cowley North, Cowley Ridge, Sinnott, Summerview 1 and Summerview 2. Ardenville is a 69 megawatts wind farm located approximately eight kilometers south of Fort Macleod. Blue Trail is a 66 megawatts wind farm located in southern Alberta. Macleod Flats consists of a single 3 megawatts turbine and is located near Fort Macleod. It owns an approximate net 70% interest in Ardenville, Blue Trail and Macleod Flats facilities through its interest in TransAlta Renewables. McBride Lake is a 75 megawatts wind farm located at Fort Macleod, Alberta. The Company owns an approximate net 70% interest in Ardenville, Blue Trail, Macleod Flats and McBride Lake facilities through its interest in TransAlta Renewables. Soderglen is a 71 megawatts facility located in southern Alberta. It owns an approximate net 35% interest in Soderglen facility through its interest in TransAlta Renewables. Castle River is a 40 megawatts wind farm located in Pincher Creek, Alberta. It owns an approximate net 70% interest in Castle River facility through its interest in TransAlta Renewables. Cowley North is a 20 megawatts wind farm, located adjacent to Cowley Ridge. It owns an approximate net 70% interest in this facility through its interest in TransAlta Renewables. Cowley Ridge has total installed capacity of 16 megawatts and is located adjacent to Cowley North. It owns an approximate net 100% interest in Cowley Ridge facility. Sinnott has a total installed capacity of 7 megawatts and is located directly east of Cowley Ridge. It owns an approximate net 70% interest in Sinnott facility through its interest in TransAlta Renewables. Summerview 1 is a 68 megawatts wind farm located at northeast of Pincher Creek, Alberta. Summerview 2 is a 66 megawatts wind farm located northeast of Pincher Creek, Alberta. It owns an approximate net 70% interest in Summerview facility through its interest in TransAlta Renewables.

The Company’s natural gas-fired generating facilities in Eastern Canada include Mississauga, Ottawa, Sarnia and Windsor. The Mississauga plant and Ottawa plant is owned by TA Cogen. The Mississauga plant is a Combined-Cycle cogeneration facility designed to produce 108 megawatts of electrical energy. The Ottawa plant is a Combined-Cycle cogeneration facility designed to produce 74 megawatts of electrical energy. The Sarnia plant is a 506 megawatts Combined-Cycle cogeneration facility. The Windsor plant is owned by TA Cogen and it is a Combined-Cycle cogeneration facility designed to produce 68 megawatts of electrical energy. The Company’s Ontario hydroelectric facilities include Misema, Appleton, Galetta, Ragged Chute and Moose Rapids plants. Misema is a run-of-river hydroelectric facility with installed capacity of three megawatts located on the Misema River, in northern Ontario. It owns an approximate net 70% interest in Misema facility through its interest in TransAlta Renewables. Appleton is a run-of-river hydroelectric facility with installed capacity of one megawatt located on the Mississippi River, Ontario. It owns an approximate net 70% interest in Appleton facility through its interest in TransAlta Renewables. Galetta is a run-of-river hydroelectric facility with installed capacity of two megawatts located on the Mississippi River, Ontario. It owns an approximate net 70% interest in Galetta facility through its interest in TransAlta Renewables. Ragged Chute is a run-of-river hydroelectric facility with installed capacity of seven megawatts located on the Montreal River, in northern Ontario. It owns a 100% interest in Ragged Chute facility. Moose Rapids is a run-of-river hydroelectric facility with installed capacity of one megawatt located on the Wanapitei River, in northern Ontario. It owns an approximate net 70% interest in this facility through its interest in TransAlta Renewables.

The Company’s Ontario, Quebec and New Brunswick wind generation facilities in Eastern Canada include Wolfe Island, Melancthon I, Melancthon II, Le Nordais, New Richmond, Kent Hills and Kent Hills expansion. Wolfe Island is a 198 megawatts wind project located on Wolfe Island, near Kingston, Ontario. Melancthon I is a 68 megawatts wind project located in Melancthon Township near Shelburne, Ontario. Melancthon II is a 132 megawatts wind project located adjacent to Melancthon I, in Melancthon and Amaranth Townships. It owns an approximate net 70% interest in Wolfe Island, Melancthon I and Melancthon II facilities through its interest in TransAlta Renewables. Le Nordais is located at two sites: Cap-Chat with 56.25 megawatts of installed capacity and Matane with 42.75 megawatts of installed capacity. It owns 100% of Le Nordais facility. New Richmond is a 68 megawatts wind project located on the Gaspe Peninsula. It owns an approximate net 70% interest in New Richmond facility through its interest in TransAlta Renewables. Kent Hills is a 96 megawatts project located in Kent Hills, New Brunswick. The Kent Hills expansion is a 54 megawatts wind farm. It owns an approximate net 58% interest in Kent Hills and Kent Hills expansion facilities through its interest in TransAlta Renewables.

The Company’s generation facilities in the United States include Centralia Thermal No. 1, Centralia Thermal No. 2, Skookumchuck and Wyoming Wind. It owns a two-unit 1,340 megawatts thermal facility in Centralia, Washington, located south of Seattle. It also owns a one megawatt hydroelectric generating facility on the Skookumchuck River near Centralia, and related assets, which are used to provide water supply to its generation facilities in Centralia. The Wyoming Wind Farm is a 144 megawatt wind project located near Evanston, Wyoming. The Company’s natural gas and diesel fired generation facilities in Australia, including those under construction, are Parkeston, Southern Cross, Solomon and South Hedland. The Parkeston plant is a 110 megawatts dual-fuel natural gas and diesel fired power station, which it owns in partnership through a joint venture with NP Kalgoorlie Pty Ltd., a subsidiary of Newmont Australia Limited. Southern Cross Energy is composed of four natural-gas and diesel-fired generation facilities with a combined capacity of 245 megawatts. It owns a 125 megawatt natural gas and diesel fired Solomon power station. The Company is engaged in designing, building and operating a 150 megawatt combined cycle power station near South Hedland, Western Australia.

Energy Trading

The Company‘s Energy Marketing segment provides a number of functions, including the following: gathering and analyzing market trends to enable 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; the development and execution of its corporate hedging strategy, and the optimization of the asset fleet to maximize gross margin and mitigation of market risks. The Energy Marketing segment also derives revenue by providing fee-based asset management services to third parties, by earning margins on third party gas and power transactions, and by trading electricity and other energy commodities (fuels). The Energy Trading segment seeks to measure and manage a number of risks for the assets and for its trading books.

Company Address

TransAlta Corp

Calgary Alberta T2p 2mi
110 12th Ave SW Station, Stn M
PO Box 1900
CALGARY   AB   T2P 2M1
P: +1403.2674724
F: +1403.2672559

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