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United States

TransAlta Corp (TAC)

TAC on New York Consolidated

5.85USD
14 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Transalta Comments On Provincial Carbon Credit Regime
Friday, 8 Dec 2017 08:00am EST 

Dec 8 (Reuters) - Transalta Corp ::TRANSALTA COMMENTS ON PROVINCIAL CARBON CREDIT REGIME.  Full Article

TransAlta To Accelerate Transition To Gas And Renewables Generation
Wednesday, 6 Dec 2017 06:00am EST 

Dec 6 (Reuters) - Transalta Corp ::TRANSALTA - BOARD HAS APPROVED ADDITIONAL ELEMENTS TO ACCELERATE TRANSITION TO GAS AND RENEWABLES GENERATION.TRANSALTA - TO ACCELERATE CONVERSION OF SUNDANCE UNITS 3 TO 6, KEEPHILLS UNITS 1 AND 2 FROM COAL-FIRED TO GAS-FIRED GENERATION IN 2021-2022.TRANSALTA - COAL-FIRED PLANTS OPERATED BY CO, ONCE CONVERTED TO GAS, ARE ANTICIPATED TO BE ABLE TO RUN THROUGH TO 2031-2039.TRANSALTA CORP - MOTHBALLING TEMPORARILY A COMBINATION OF SUNDANCE UNITS IN 2018 AND 2019.TRANSALTA CORP - SUNDANCE UNITS 3 TO 6 WILL RE-ENTER MARKET STARTING IN 2020.TRANSALTA - FOR 2018, EXPECT ANNUAL FREE CASH FLOW TO BE IN-LINE WITH 2017 EXPECTED ANNUAL FCF.TRANSALTA - CO ACCELERATED DEBT REDUCTION PLAN & WILL HAVE ADDITIONAL FINANCIAL FLEXIBILITY OVER NEXT 3 YEARS.TRANSALTA CORP SEES 2018 FFO $725 MILLION TO $800 MILLION.TRANSALTA CORP SEES 2018 SUSTAINING CAPITAL $215 MILLION TO $235 MILLION.  Full Article

Tidewater Midstream And Infrastructure Enters Into Agreement With Transalta
Wednesday, 6 Dec 2017 06:00am EST 

Dec 6 (Reuters) - Tidewater Midstream And Infrastructure Ltd ::TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD. ENTERS INTO AGREEMENT WITH TRANSALTA TO CONSTRUCT AN INTER-ALBERTA PIPELINE NETWORK SUPPORTED BY A 15 YEAR TAKE OR PAY, PROPOSED ISSUANCE OF SENIOR UNSECURED NOTES, ESCROW CLOSE OF DEEP BASIN AND MONTNEY REGION ACQUISITION AND CLOSING OF CREDIT FACILITY INCREASE.TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD - ‍TIDEWATER INTENDS TO ISSUE A PROPOSED PRIVATE PLACEMENT OF SENIOR UNSECURED NOTES​.TIDEWATER MIDSTREAM - ‍TIDEWATER TO USE NET PROCEEDS FOR ON-PERMANENT REPAYMENT OF INDEBTEDNESS UNDER TIDEWATER'S EXISTING CREDIT FACILITY​.TIDEWATER MIDSTREAM AND INFRASTRUCTURE-PIPELINE IS EXPECTED TO COST ABOUT $150 MILLION AND IS SUPPORTED BY A 15 YEAR TAKE OR PAY AGREEMENT WITH TRANSALTA.TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD - PIPELINE WILL PROVIDE INITIAL CAPACITY OF 130 MMCF/D BY 2020, AND HAVE EXPANSION CAPABILITY TO 340 MMCF/D.TIDEWATER MIDSTREAM AND INFRASTRUCTURE LTD - UNDER LOI, TRANSALTA HAS OPTION TO INVEST UP TO 50% IN PIPELINE..  Full Article

TransAlta Corp reports Q3 loss per share c$0.09
Tuesday, 31 Oct 2017 04:45pm EDT 

Oct 31 (Reuters) - TransAlta Corp :TransAlta Corp reports in line third quarter 2017 results.Q3 loss per share c$0.09.Q3 earnings per share view c$-0.04 -- Thomson Reuters I/B/E/S.TransAlta Corp qtrly ‍revenue c$588 million versus c$620 million ​.TransAlta Corp qtrly ‍FFO per share $0.68​.TransAlta Corp qtrly ‍FCF per share $0.34​.TransAlta Corp - all figures in c$.  Full Article

Transalta Q2 loss per share C$0.06
Wednesday, 9 Aug 2017 11:14pm EDT 

Aug 10 (Reuters) - Transalta Corp :Transalta reports second quarter 2017 results and revised 2017 outlook.Q2 loss per share C$0.06.Q2 earnings per share view C$-0.08 -- Thomson Reuters I/B/E/S.Qtrly funds from operations of $187 million.Qtrly revenue C$503 million versus C$492 million.Sees FY 2017 FFO in the range $765 million to $820 million.Qtrly FFO per share C$0.65.Headwinds in back half of year, additional productivity capital spending have lowered free cash flow guidance by about 10 percent on annualized basis.Expect additional mining costs at our highvale mine operations for remainder of 2017.Q2 revenue view C$517.6 million -- Thomson Reuters I/B/E/S.Qtrly production 7,707 GWH versus 7,899 GWH.  Full Article

Transalta and Transalta Renewables provide update on the status of commercial operations at south hedland power station
Tuesday, 1 Aug 2017 05:20am EDT 

Aug 1 (Reuters) - Transalta Renewables Inc :Transalta and Transalta Renewables provide update on the status of commercial operations at South Hedland power station.Transalta - ‍all conditions to establishing commercial operations have been achieved under terms of power purchase agreement with FMG have been satisfied.Transalta Renewables Inc - ‍south Hedland power station is fully operational and able to meet all of FMG's requirements under terms of PPA​.Transalta Renewables - co, ‍transalta Corp responded to Fortescue Metals' view that South Hedland power station has not achieved commercial operation​.  Full Article

Fortescue Metals updates on status of South Hedland power station
Monday, 31 Jul 2017 10:45pm EDT 

Aug 1 (Reuters) - Fortescue Metals Group Ltd :Refers to market release issued by Transalta Renewables on 28 July & various media reports relating to status of south Hedland power station.notified Transalta that in its view South Hedland power station has not yet satisfied requisite performance criteria under co's contract.Fortescue is continuing to purchase electricity from other generators to supply its operations in port Hedland.  Full Article

Fortescue Metals to repurchase Solomon power station from Tec Pipe
Monday, 31 Jul 2017 10:44pm EDT 

Aug 1 (Reuters) - Fortescue Metals Group Ltd :Gave notice to repurchase Solomon power station from Tec Pipe Pty Ltd, a wholly owned subsidiary of Transalta Corporation.Solomon power station is currently treated as a lease liability and recognised as debt on fortescue's balance sheet.Liability and associated costs related to Solomon power station of US$348 million will be fully repaid from available cash in November 2017.  Full Article

TransAlta Corp says qtrly FFO per share C$0.70
Friday, 5 May 2017 05:29pm EDT 

May 5 (Reuters) - TransAlta Corp :TransAlta reports first quarter 2017 results.TransAlta Corp says qtrly FFO per share c$0.70.Qtrly revenue C$578 million versus C$568 million.TransAlta Corp says qtrly FCF per share C$0.34.TransAlta Corp -" We remain comfortable with our 2017 guidance for EBITDA, FFO, and FCF".  Full Article

TransAlta approves plan for accelerating transition to clean power in Alberta
Wednesday, 19 Apr 2017 08:17pm EDT 

April 19 (Reuters) - Transalta Corp ::Transalta board approves plan for accelerating transition to clean power in alberta.Says retirement of sundance unit 1 will be effective january 1, 2018.Says mothballing of sundance unit 2 will be effective january 1, 2018, for a period of up to 2 years.Expects that capacity of sundance units 3 to 6 and keephills 1 and 2 will not change following conversion.Total capital commitment for coal-to-gas conversions is approximately $300 million.Conversion will result in reduction of about 40 percent of carbon emissions maintaining about 2,400 mws to alberta power grid.Auction of these units to occur in 2019 for 2021.  Full Article

BRIEF-Transalta Comments On Provincial Carbon Credit Regime

* TRANSALTA COMMENTS ON PROVINCIAL CARBON CREDIT REGIME Source text for Eikon: Further company coverage: