TransAlta to invest in power projects

Article Abstract:

TransAlta Corp. of Calgary, Alberta, has announced its intention to invest over C$500 million in independent power projects over the next four years. The electric utility, which is also considering an alliance with another energy firm, is counting on rapid growth in non-regulated businesses for strengthen itself. TransAlta president and CEO Stephen Snyder said the utility realizes the importance of expanding its non-regulated joint ventures, despite having no need to immediately enter into merger negotiations. Snyder added that the company has the resources to enter a deal worth C$1 billion and will be seeking potential acquisitions or partnerships.

Comment:

Announces its intention to invest over C$500 mil in independent power projects over the next four years

Capital expenditures

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TransAlta to build Alberta power plant

Article Abstract:

TransAlta Corp., a utility company headquartered in Calgary, Alberta, intends to construct a co-generation facility in Alberta within the next two years. The firm has expressed plans to spend up to C$200 million to finance the construction of the power plant. The facility, which is expected to provide additional 370 megawatts of power to the Alberta provincial grid, will be erected adjacent to an existing TransAlta power plant, according to Linda Thomas, a vice president at the utility company.

Comment:

To construct a co-generation facility in Alberta within the next 2 years

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TransAlta closing trading office, 20 staff affected

Article Abstract:

TransAlta Corp. closes its trading office in Maryland, laying off 20 employees.

Canada, Executive changes & profiles, Electric services, Maryland, Officials and employees, Buildings and facilities, Transalta Corp.

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