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 Corporation (NYSE: TAC) announced its participation in the Powering the World Past Coal event at COP26, where it joined the Powering Past Coal Alliance. TransAlta aims to enhance its renewable capacity by two gigawatts over five years, with significant reductions in greenhouse gas emissions already achieved, down 61% from 2005 levels. By 2030, the company targets a 70% reduction. TransAlta's coal transition includes ending all coal generation in Canada by 2021 and converting substantial capacity to gas-fired generation.
The Board of Directors of TransAlta Corporation (TAC) has declared quarterly dividends on its Cumulative Redeemable Rate Reset First Preferred Shares for the period from September 30, 2021, to December 31, 2021. The dividends include:
- Series A: $0.17981; Dividend Rate: 2.877%
- Series B: $0.13970; Dividend Rate: 2.217%
- Series C: $0.25169; Dividend Rate: 4.027%
- Series E: $0.32463; Dividend Rate: 5.194%
- Series G: $0.31175; Dividend Rate: 4.988%
Record date for all series is December 1, 2021, with payment scheduled for December 31, 2021.
TransAlta Corporation (NYSE: TAC) will announce its third quarter 2021 results on November 9, 2021, before market opening. A conference call for investors and analysts will take place on the same day at 9:00 AM MT (11:00 AM ET). TransAlta Renewables will also present its Q3 results during this call. Interested participants can join via a toll-free number or through a webcast, with related materials available on TransAlta's Investor Centre. This advisory underscores the company's commitment to transparency and shareholder engagement.
TransAlta Corporation (NYSE: TAC) has set ambitious growth targets, aiming for 2 GW of new renewable capacity with a $3 billion investment by 2025. The company plans to accelerate its focus on customer-centered renewables and storage through a 3 GW development pipeline and has approved an 11% increase in its quarterly dividend to $0.05, payable on January 1, 2022. TransAlta is committed to being coal-free by 2025, aiming for a 70% reduction in carbon emissions by 2030 from 2005 levels. However, it has suspended the Sundance Unit 5 repowering due to escalating costs.
TransAlta reported a strong second quarter 2021, achieving comparable EBITDA of $302 million, a 39% increase year-over-year. Free cash flow rose 52% to $138 million or $0.51 per share. Hydro and Alberta Thermal segments led the growth, with EBITDA contributions of $96 million and $85 million, respectively. Adjusted availability decreased to 84.8% due to major maintenance. The company enhanced its 2021 outlook, projecting comparable EBITDA of $1.1 to $1.2 billion and free cash flow of $440 to $515 million.
On August 5, 2021, TransAlta Corporation (TAC) announced a quarterly dividend of $0.0450 per common share, payable on October 1, 2021, to shareholders of record by September 1, 2021. Additionally, dividends for its Cumulative Redeemable Rate Reset First Preferred Shares were declared, with rates and amounts varying by series:
- Series A: $0.17981 (Payment Date: September 30, 2021)
- Series B: $0.13479 (Payment Date: September 30, 2021)
- Series C: $0.25169 (Payment Date: September 30, 2021)
- Series E: $0.32463 (Payment Date: September 30, 2021)
- Series G: $0.31175 (Payment Date: September 30, 2021)
All amounts are in Canadian dollars.
TransAlta Corporation (TAC) has completed the second of three coal-to-gas conversions at its Alberta facilities, reducing CO2 emissions significantly. The $31.5 million conversion of Keephills Unit 2 (KH2) is part of a broader $96 million investment aimed at transitioning to 100% clean electricity by the end of 2021. This project aligns with TransAlta's goal to cut annual greenhouse gas emissions by 60% by 2030. The conversion not only maintains generation capacity but also creates approximately 800 jobs, benefiting the local economy.
TransAlta Corporation (NYSE: TAC) will announce its Q2 2021 results on August 10, 2021, before market opening. A conference call will take place at 9:00 AM MT, allowing investors and media to discuss the results and ask questions. TransAlta Renewables will also present its Q2 2021 results on the same date during this call. Interested parties can join via a toll-free number or through a webcast link provided in the release. TransAlta continues to focus on clean, reliable energy production across Canada, the U.S., and Australia, showcasing its commitment to sustainability.
TransAlta Corporation (NYSE: TAC) announced the successful closing of the sale of the Pioneer Pipeline to ATCO Gas and Pipelines Ltd. for $255 million, with net cash proceeds of approximately $127.5 million. This move supports TransAlta's off-coal transition strategy and ensures reliable gas supply for its power generation units. Additionally, TransAlta has secured long-term gas transportation agreements with NOVA Gas Transmission for new and existing services. This strategic sale highlights TransAlta's commitment to reducing carbon emissions while maintaining efficient energy supply.
TransAlta Corporation (TAC) announced that the Toronto Stock Exchange has approved its notice to implement a normal course issuer bid (NCIB) for repurchasing up to 14 million common shares, about 7.16% of its public float as of May 18, 2021. The buyback period starts on May 31, 2021, and ends on May 30, 2022, or when the shares are fully repurchased. The company previously repurchased over 6 million shares at an average price of $8.664 under a prior NCIB. TransAlta's leadership believes this strategy may enhance long-term shareholder value.