Welcome to our dedicated page for TransAlta news (Ticker: TAC), a resource for investors and traders seeking the latest updates and insights on TransAlta stock.
TransAlta Corporation (TAC) reports developments as a publicly traded power generator with operations in Canada, the United States and Western Australia. The company’s portfolio includes hydro, wind and solar, gas and energy-transition assets, with updates often tied to fleet availability, contracted generation, hedging activity, Alberta power-market conditions and cash-flow performance.
Company announcements also cover quarterly results and guidance, annual shareholder meeting outcomes, board and executive leadership changes, preferred share dividends and preferred share conversion mechanics. Operational news may address asset-specific matters within TransAlta’s generation fleet and the integration of acquired assets into its broader power platform.
TransAlta (NYSE:TAC) announced that its subsidiary, TransAlta Centralia Generation, received an order from the U.S. Department of Energy requiring Centralia Unit 2 in Washington State to remain available for operation for 90 days, until September 13, 2026. TransAlta plans to comply and cooperate with federal and state authorities.
TransAlta (NYSE:TAC) closed a bought deal offering of 18,230,000 common shares at $19.20 per share, raising about $350 million in gross proceeds. Net proceeds are intended primarily to fund a previously announced acquisition of 318 MW of natural gas-fired peaking facilities near Denver.
Underwriters hold a 30-day option to buy up to 2,734,500 additional shares for potential extra gross proceeds of about $52.5 million. If the acquisition does not close, funds may support other growth opportunities, capital projects, debt reduction or general corporate purposes.
TransAlta (NYSE:TAC) agreed to acquire Mountain Peak Power and Canyon Peak Power, two fully contracted Colorado gas peaking plants totaling 318 MW, for US$1.0 billion including US$750 million of non-recourse project debt.
The assets are expected to add about US$80 million Adjusted EBITDA and US$33 million Free Cash Flow annually. A concurrent bought deal equity offering of $350 million will fund the US$250 million equity component. The acquisition is targeted to close early Q4 2026.
TransAlta (TSX: TA; NYSE: TAC) reported Q1 2026 results: revenues $565M, adjusted EBITDA $204M, and free cash flow $102M. Production was 5,444 GWh and availability 93.8%. The company closed the Far North acquisition for $95M, raised the annual dividend 8%, and completed leadership changes including a new CEO and CFO.
Centralia Unit 2 remains under a U.S. DOE order through June 14, 2026, and Sheerness Unit 1 was mothballed effective April 1, 2026.
TransAlta (NYSE: TAC) held its Annual and Special Meeting on April 30, 2026. Shareholders represented 188,939,751 common shares (63.55% outstanding). All nine director nominees were elected, Ernst & Young LLP was appointed auditor, the advisory vote on executive compensation passed, and the Share Unit Plan increase was approved.
Vote tallies show broad support across resolutions, with director votes ranging from 92.54% to 99.64%.
TransAlta (NYSE: TAC) declared quarterly dividends on its cumulative redeemable rate reset first preferred shares for the period from March 31, 2026 up to but excluding June 30, 2026. Record date for all series is June 1, 2026 and payment date is June 30, 2026.
Declared per-share dividends (CAD): Series A $0.29888 (4.782%), Series B $0.26309 (4.221%, floating), Series C $0.36588 (5.854%), Series D $0.32978 (5.291%, floating), Series E $0.43088 (6.894%), Series G $0.42331 (6.773%).
TransAlta (NYSE: TAC) announced leadership appointments effective May 1 and May 6, 2026: Mike Politeski as EVP and Chief Financial Officer and Grant Arnold as EVP and Chief Commercial Officer.
The moves coincide with Joel Hunter becoming President and CEO on April 30, 2026 following John Kousinioris's retirement. The hires emphasize financial expertise, commercial execution and a focus on disciplined growth and operational excellence.
TransAlta (NYSE: TAC) will hold its 2026 Annual and Special Meeting of Shareholders virtually on April 30, 2026 at 11:30 a.m. MT (1:30 p.m. ET) and will release Q1 2026 results before markets open on May 6, 2026.
The meeting will be virtual-only with formal business only; the Q1 results conference call and webcast are scheduled May 6, 2026 at 9:00 a.m. MT (11:00 a.m. ET). Registration, replay, and related materials will be available via the company’s investor website and provided webcast links.
TransAlta (NYSE: TAC) held its 2026 Investor Day on March 23, 2026, presenting strategic priorities, Alberta market outlook and long-term growth to 2029.
The company emphasized optimizing existing assets, advancing an Alberta data centre MOU, pursuing Centralia and disciplined M&A while forecasting meaningful Adjusted EBITDA and free cash flow growth toward 2029.
TransAlta (NYSE: TAC) announced preferred share conversion results as of March 31, 2026. No Series A (9,629,913 outstanding) converted into Series B; 1,148,549 Series B of 2,370,087 converted into Series A on a one-for-one basis. Post-conversion counts: 10,778,462 Series A and 1,221,538 Series B outstanding. The Series A and Series B shares trade on the Toronto Stock Exchange as TA.PR.D and TA.PR.E, respectively.