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) generates frequent news as a publicly traded power producer with a diversified fleet of electrical power generation assets in Canada, the United States and Australia. News coverage for TAC often reflects developments across its hydro, wind, solar, gas and thermal generation portfolio, as well as its role as one of Canada’s largest producers of wind power and Alberta’s largest producer of thermal and hydro-electric power.
Investors following TransAlta’s news can expect regular updates on operational decisions affecting specific facilities, such as notices to mothball units, regulatory orders affecting plant availability, and long-term agreements that reshape the company’s asset base. Recent examples include a notice to temporarily mothball Sheerness Unit 1 in Alberta and an order from the United States Department of Energy requiring Centralia Unit 2 in Washington State to remain available for operation for a defined period.
Corporate news for TAC also covers long-term contracts and acquisitions, such as a tolling agreement to convert Centralia Unit 2 from coal to natural gas-fired generation and a definitive agreement to acquire a 310 megawatt contracted Ontario gas portfolio. These items illustrate how TransAlta adjusts its portfolio through coal-to-gas conversions, contracted capacity arrangements and strategic acquisitions.
Financial and capital markets updates appear in TransAlta’s announcements of quarterly results, dividend declarations on common and preferred shares, credit facility extensions and other financing-related developments. Governance and leadership topics, such as the planned succession of the company’s President and Chief Executive Officer, also feature in the news flow.
This news page aggregates these types of items so readers can monitor TransAlta’s operational decisions, financial performance, ESG-related disclosures and strategic transactions in one place. For users tracking TAC, revisiting this page provides a view of how the company’s generation fleet, contracts and capital allocation priorities evolve over time.
TransAlta Corporation (TAC) has successfully closed the second tranche of a strategic investment from Brookfield Asset Management, totaling $400 million. This follows Brookfield's total commitment of $750 million through exchangeable securities, which can be converted into equity in TransAlta's Alberta hydro assets. The funds are earmarked for advancing the company's coal-to-gas conversion, supporting growth initiatives, returning capital to shareholders, and funding general corporate purposes. TransAlta aims to enhance its position in renewable energy, especially in hydro and wind power.
TransAlta Corporation (TSX: TA, NYSE: TAC) is scheduled to release its third quarter 2020 financial results on November 4, 2020, prior to market opening. A conference call for analysts and media will take place at 8:00 a.m. MT on the same day. TransAlta Renewables will provide its third quarter results earlier on October 30, 2020. Interested parties can access related materials on the Investor Centre of TransAlta's website.
TransAlta Corporation announced the sale of the Pioneer Pipeline to ATCO Gas and Pipelines for CDN $255 million, replacing a prior agreement with NOVA Gas Transmission. This transaction, in partnership with Tidewater Midstream, integrates the pipeline into NGTL's gas transmission systems, ensuring a reliable gas supply for TransAlta's power generation at Sundance and Keephills. The deal awaits regulatory approval expected by Q2 2021, and includes long-term gas transportation agreements totaling 400 TJ/day by 2023.
TransAlta Corporation (TAC) reported second quarter 2020 results highlighting a comparable EBITDA of $217 million, matching 2019 figures, and free cash flow of $91 million, a 94% increase year-over-year. The company completed a $27 million acquisition of a cogeneration facility in Michigan and agreed to sell the Pioneer Pipeline for $128 million. Additionally, TransAlta continued its transition towards clean energy, announcing the retirement of Sundance Unit 3. Despite operational challenges due to COVID-19 and market conditions, the company maintained strong financial health with $1.6 billion in liquidity.
The Board of Directors of TransAlta Corporation (TAC) has declared a quarterly dividend of $0.0425 per common share, payable on October 1, 2020, to shareholders on record by September 1, 2020. For the Cumulative Redeemable Rate Reset First Preferred Shares, dividends were also announced for Series A, B, C, E, and G with varying rates and amounts. These dividends reinforce TransAlta's commitment to providing value to its shareholders.
TransAlta Corporation (NYSE: TAC) announced the retirement of its mothballed coal-fired Sundance Unit 3, effective July 31, 2020. This decision is part of TransAlta's strategy to achieve 100% clean electricity by 2025, driven by market conditions, the unit's age, and operational capacity. The company continues to operate a diversified fleet of generation assets, positioning itself to meet Alberta's electricity demands effectively. TransAlta is recognized for its contributions to sustainable energy and aims for long-term shareholder value.
TransAlta Corporation (TSX: TA, NYSE: TAC) is set to release its second quarter 2020 results on July 31, 2020, before market opening. A conference call will take place the same day at 9:00 a.m. MT (11:00 a.m. ET) for investors, analysts, and media to discuss the results. Participants are encouraged to contact the conference operator ahead of the call. The call will include a Q&A segment for media following analysts' questions. Related materials will be available on TransAlta's Investor Centre.