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) is a leading independent power producer with a diversified portfolio spanning renewable and conventional energy sources. Operating across North America and Australia, the company delivers reliable energy solutions while maintaining a strategic focus on sustainability and operational resilience.
This dedicated news hub provides investors and industry professionals with timely access to TransAlta's press releases, financial updates, and strategic developments. Track key announcements including quarterly earnings, infrastructure investments, renewable energy initiatives, and regulatory milestones that shape the company's position in competitive energy markets.
Our curated collection ensures comprehensive coverage of TransAlta's operational segments – from hydro and wind power to gas generation and energy marketing. Stay informed about critical developments affecting market performance, environmental commitments, and community engagement efforts.
Bookmark this page for direct access to verified information from TransAlta Corporation. Monitor evolving energy sector trends through the lens of a company balancing traditional expertise with renewable innovation.
TransAlta Corporation will conduct its 2023 Annual Meeting of Shareholders on April 28, 2023, at 12:30 p.m. MT in a virtual format. The meeting will focus on formal business only, with no management presentation. For detailed voting information, shareholders can refer to the management proxy circular available on their website. Additionally, TransAlta will release its Q1 2023 earnings on May 5, 2023, followed by a conference call at 9:00 a.m. MT to discuss the results. Investors can access the call via a toll-free number or webcast. The meeting aims to solidify corporate governance and engage with stakeholders on critical issues facing the company.
TransAlta Corporation (TAC) announced an automatic share purchase plan (ASPP) to enhance share buybacks under its existing normal course issuer bid (NCIB). The company has approval to repurchase up to 14 million shares, approximately 5.2% of its outstanding shares, until May 30, 2023. Since the NCIB commenced on May 31, 2022, TransAlta has repurchased 5,518,000 shares at an average price of $11.85, totaling $65.4 million. The ASPP allows purchases during restricted periods, aiming to optimize capital allocation and maximize shareholder returns.
TransAlta Corporation (NYSE: TAC) has entered a definitive agreement to acquire a 50% interest in the Tent Mountain Renewable Energy Complex, a 320 MW pumped hydro energy storage project in Alberta. The acquisition includes land rights, fixed assets, and intellectual property, with a total transaction value of up to $25 million. This project aims to enhance the reliability of Alberta’s grid amid growing renewable energy. TransAlta has extensive hydroelectric experience and expects construction to start in 2026 with operations between 2028 and 2030. The deal remains subject to customary conditions and is anticipated to close in March 2023.
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