Total : 67 View more »
Alstom and major Canadian power company TransAlta – along with their partners in the governments of Canada and Alberta and Capital Power, an independent power producer – announced the
The Pioneer Projecta long-awaited large-scale carbon dioxide capture and storage (CCS) demonstration facilitylast week got a boost as French industrial giant Alstom and Canadas largest investor-owned power group, TransAlta, partnered with the governments of Canada and Alberta
TransAlta Corp. is still investigating what caused a fire last month that destroyed one of its turbines at the Kent Hills Wind Farm, a company spokesman says. ...Lightning has been ruled out as a factor in the Aug. 8 fire.
CALGARY, ALBERTA--(Marketwire - 11/03/09) - TransAlta Corporation (TSX:TA - News) (NYSE:TAC - News) and Canadian Hydro Developers, Inc. (TSX:KHD - News) announced today TransAlta's wholly-owned subsidiary
http://finance.yahoo.com/news/TransAlta-acquires-over-93-iw-3933123006.html?x=0
Total : 63 View more »
CALGARY, ALBERTA, Nov 06, 2009 (MARKETWIRE via COMTEX) --
TransAlta Corporation (TSX: TA) (NYSE: TAC) held its annual Investor Day Conference in Toronto today where its executive leadership team provided investors with a comprehensive review of its financial outlook for 2009 to 2012.
"In 2009, TransAlta tackled the operational challenges in our Alberta coal facilities, accelerated the growth of our renewable energy portfolio and deepened our development pipeline, recontracted our Sarnia natural gas facility, and made significant strides along the path to reduce our carbon footprint," said Steve Snyder, president and chief executive officer. "These initiatives are the core of our strategy to deliver near and long-term value to our shareholders. On the strength of these initiatives, and assuming no increase in demand or natural gas prices before 2011 in our core markets, we expect earnings and cash flow growth to resume in 2010."
"TransAlta has a unique portfolio of diverse and highly-contracted assets that underpin our low to moderate risk strategy and support our dividend. On top of this foundation, we expect investors will assign increased value in the years ahead to TransAlta's position as Canada's leading publicly-traded provider of renewable energy," said Snyder.
Today, renewable and natural gas assets account for 43 per cent of TransAlta's installed megawatts and nearly 50 per cent of the company's earnings before interest taxes and depreciation (EBITDA).
At today's meeting, TransAlta showed that the majority of its plants perform at or above the median of industry benchmark levels. For the few that don't, the company provided an update on its plans for improving performance to a stable 90 per cent fleet availability level. Based on a unit-by-unit analysis, TransAlta now believes a 90 per cent fleet availability level offers a superior economic return when compared to the company's previous target of 92 per cent. The level of capital required to achieve 90 per cent availability also reduces the risk that capital will become stranded by carbon regulation that remains highly uncertain. TransAlta's major maintenance work in 2009 is already resulting in lower forced outages at its Alberta coal plants. The company is targeting to reduce forced outages at these facilities by 4.5 per cent in 2010.
"We believe TransAlta has the best renewable energy development portfolio in Canada. In the near-term we see great potential to add more contracted revenues from wind in jurisdictions across Canada as well as geothermal in Southern California. In the medium and longer-term, there is potential to develop our hydro resources in Alberta as well as baseload natural gas combined cycle facilities as an alternative to lifecycle investments at our Alberta coal sites. The announcement of funding for our Project Pioneer, the world's first large scale coal-fired power plant carbon capture and storage (CCS) retro-fit project, moves us one step closer to making coal a valuable and sustainable fuel in a carbon-constrained environment. We will continue to weigh the longer-term replacement of coal generation with natural gas against the economics and viability of continuing to run our coal plants with CCS," said Dawn Farrell, Chief Operating Officer.
TransAlta also announced the commencement of commercial operations at its 66 MW, $115 million Blue Trail Wind Farm. The project was completed one month ahead of schedule and on-budget. Located four kilometers from Fort MacLeod, Blue Trail has 22, 3-MW wind turbines. It will provide an annual average of 195,000 megawatts hours per year of electricity - enough to meet the needs of 29,000 homes.
TransAlta now has a net generation capacity of 8,723 MW in operation, of which 22 per cent or 1,966 MW is renewable energy. In addition, there are 477 MW under construction and nearly 700 MW considered in advanced development.
Speaking to the company's financial outlook, Brian Burden, Chief Financial Officer, said, "Over the 2010 - 2012 period, we expect cash flow from operations to be approximately $3 billion. After accounting for the dividend, and sustaining and announced growth capital, we expect to have approximately $600 million of free cash available. While our priority remains to deliver low carbon growth projects that will provide long-term cash flows, we will remain disciplined in our capital allocation and weigh these opportunities against other capital allocation alternatives and maintaining our investment grade credit ratings."
Links to the webcast and presentation slides are available on TransAlta's website, www.transalta.com, under Webcasts in the Investor Relations section. A recording of the webcast is also available on TransAlta's website.
Dial in number:
Toll-free North American participants 1-888-396-8064
TransAlta is a power generation and wholesale marketing company focused on creating long-term shareholder value. We maintain a low-to-moderate risk profile by operating a highly contracted portfolio of assets in Canada, the United States and Australia. Our focus is to efficiently operate our biomass, geothermal, wind, hydro, natural gas and coal facilities in order to provide our customers with a reliable, low-cost source of power. For nearly 100 years, we've been a responsible operator and a proud contributor to the communities where we work and live. TransAlta is recognized for its leadership on sustainability by the Dow Jones Sustainability North America Index, the FTSE4Good Index and the Jantzi Social Index.
This news release may contain forward-looking statements, including statements regarding the business and anticipated financial performance of TransAlta Corporation. These statements are based on TransAlta Corporation's belief and assumptions based on information available at the time the assumption was made. These statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those contemplated by the forward-looking statements. Some of the factors that could cause such differences include legislative or regulatory developments, competition, global capital markets activity, changes in prevailing interest rates, currency exchange rates, inflation levels and general economic conditions in geographic areas where TransAlta Corporation operates.
Note: All financial figures are in Canadian dollars unless noted otherwise.
Contacts: TransAlta Corporation - Media inquiries Michael Lawrence Manager, External Relations (403) 267-7330 michael_lawrence@transalta.com TransAlta Corporation - Investor inquiries Jennifer Pierce Vice President, Communications & Investor Relations (403) 267-7622 or 1-800-387-3598 in Canada and U.S investor_relations@transalta.com TransAlta Corporation - Investor inquiries Jess Nieukerk Manager, Investor Relations (403) 267-3607 or 1-800-387-3598 in Canada and U.S. jess_nieukerk@transalta.com www.transalta.com
SOURCE: TransAlta Corporation
mailto:michael_lawrence@transalta.com mailto:investor_relations@transalta.com mailto:jess_nieukerk@transalta.com http://www.transalta.com
Tags: accounting alberta australia budget california canada ceo coal commercial communications conference construction currency dividend earnings ebitda electricity environment executive forecasts foundation geothermal index inflation interest rates investment marketing media natural gas north america note nyse online pipeline power plant president prices rates renewable energy schedule toronto wholesale
Companies: TransAlta Corporation (TA), TransAlta Corporation (TAC)
CALGARY, ALBERTA, Nov 05, 2009 (MARKETWIRE via COMTEX) --
TransAlta Corporation (TSX: TA) (NYSE: TAC) ("TransAlta") today announced it has completed its public offering of 18,656,800 Common Shares at a price of $20.10 per common share. In addition, the full over-allotment option granted to the syndicate of underwriters, led by RBC Capital Markets, CIBC and Scotia Capital Inc., as bookrunners, was exercised for an additional 1,865,700 common shares also at a price of $20.10 per Common Share.
The offering previously announced on October 28, 2009, resulted in gross proceeds to TransAlta of approximately Cdn $412.5 million. The net proceeds from the offering will be used to repay a portion of the indebtedness incurred in connection with TransAlta's acquisition of Canadian Hydro Developers, Inc.
The Common Shares were offered to the public in Canada and the United States through the underwriters or their affiliates by way of a prospectus supplement that was filed with securities regulatory authorities in Canada and the United States under TransAlta's short form base shelf prospectus, which was previously filed with securities regulatory authorities in Canada and in the United States under the multi-jurisdictional disclosure system.
About TransAlta:
TransAlta is a corporation amalgamated under the Canada Business Corporations Act. The registered office and principal place of business of TransAlta are at 110 - 12th Avenue S.W., Calgary, Alberta, Canada T2R 0G7. TransAlta generates and markets electricity in Canada, the United States and Australia through its portfolio of facilities fueled by coal, natural gas, hydroelectric, wind and geothermal resources.
Caution Regarding Forward Looking Information
This press release contains forward-looking statements within the meaning of securities laws, including the "safe harbour" provisions of Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "believe", "expect", "plan", "intend", "forecast", "target", "project", "guidance", "may", "will", "should", "could", "estimate", "predict" or similar words suggesting future outcomes or language suggesting an outlook. Forward-looking statements in this press release include, but are not limited to, the expected closing date, the anticipated proceeds of the offering and the use of those proceeds.
Forward-looking statements and information contained in this press release are based on our current beliefs as well as assumptions we have made and information currently available to us. Although we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect.
By their very nature, the forward-looking statements included in this press release involve inherent risks and uncertainties, both general and specific, and risks that predictions, forecasts, projections and other forward-looking statements will not be achieved, including, without limitation, the failure to use the proceeds of the offering as disclosed herein. We caution readers not to place undue reliance on these statements as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations and anticipations, estimates and intentions expressed in such forward-looking statements as may be found under the heading "Risk Factors" in our annual information form for the year ended December 31, 2008 and under the heading "Business Risks" in our management's discussion and analysis for the year ended December 31, 2008.
Readers are cautioned that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to the Company, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Furthermore, the forward-looking statements contained in this press release are made as of the date of this document and we do not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
Contacts: TransAlta Corporation - Media inquiries: Michael Lawrence Manager, External Relations (403) 267-7330 michael_lawrence@transalta.com TransAlta Corporation - Investor inquiries: Jennifer Pierce Vice President, Communications & Investor Relations (403) 267-7622 TransAlta Corporation - Investor inquiries: Jess Nieukerk Manager, Investor Relations (403) 267-3607 investor_relations@transalta.com www.transalta.com
SOURCE: TransAlta Corporation
mailto:michael_lawrence@transalta.com mailto:investor_relations@transalta.com http://www.transalta.com
Tags: acquisition alberta australia business calgary canada coal communications electricity forecasts geothermal hydroelectric law legislation media natural gas nyse president public offering securities
Companies: Canadian Hydro Developers, Inc. (CHDVF), TransAlta Corporation (TA), TransAlta Corporation (TAC)
Nov 05, 2009 (M2 PRESSWIRE via COMTEX) --
Picksthatmove.com Alerts include Coeur d'Alene Mines Corporation (NYSE:CDE); AAR CORP. (NYSE: AIR); IBM (NYSE: IBM); SRA International, Inc. (NYSE: SRX); TransAlta Corporation (NYSE: TAC) and MSCI Inc. (NYSE: MXB)
-- November 05, 2009 Coeur d'Alene Mines Corporation (NYSE:CDE) at $22.18 on a volume of 1.88M shares
In a press release on November 05, Coeur's New Mines Lead to Record Production and Revenue Aided by Continued Strong Silver and Gold Prices
Final Construction Activities Underway at Kensington Gold Mine in Alaska
COEUR D'ALENE, Idaho, Nov 05, 2009 Highlights: 86% increase in silver production over last year's third quarter to record 5.2 million ounces; 222% increase in gold production to nearly 29,000 ounces; 146% increase in revenue to all-time high of $89.8 million; Operating cash flow increased to $23.0 million from $1.2 million in last year's third quarter; As announced yesterday, the Company reported a nearly 40% increase in silver and gold proven and probable reserves reported at the expanding Palmarejo District in Mexico to 88.6 million ounces of silver and 1.1 million ounces of gold; Entered into a $45 million term loan facility to fund completion of Kensington tailings facility
Coeur d'Alene Mines Corporation (NYSE:CDE) (TSX:CDM) (ASX:CXC) today announced record silver production of 5.2 million ounces during the third quarter of 2009. This record production represents an 86% increase compared to last year's third quarter and was driven by Coeur's two new large, long-life mines - San Bartolome in Bolivia and Palmarejo in Mexico - which combined for a total of 3.4 million ounces of silver production, or 65% of the Company's total silver production, during the third quarter. Gold production also increased dramatically due to the continued ramp-up of production at Palmarejo, which produced 24,289 ounces during the quarter.
The Company also reported record quarterly revenue of $89.8 million, a 146% increase over last year's third quarter revenue, along with quarterly operating cash flow of $23.0 million compared to $1.2 million of operating cash flow during last year's third quarter.
About Coeur
Coeur d'Alene Mines Corporation is one of the world's leading silver companies and also a significant gold producer. Coeur will have its first full year of production this year at the world's largest pure silver mine - San Bartolome in Bolivia -- and began production in March at another world-leading silver mine -- Palmarejo in Mexico. The Company also operates underground mines in southern Chile and Argentina and one surface mine in Nevada; and owns a non-operating interest in a low-cost mine in Australia. The Company also owns a major gold project - Kensington in Alaska - and conducts exploration activities in Argentina, Chile and Mexico. Coeur common shares are traded on the New York Stock Exchange under the symbol CDE, the Toronto Stock Exchange under the symbol CDM, and its CHESS Depositary Interests are traded on the Australian Securities Exchange under symbol CXC.
-- November 05, 2009 AAR CORP. (NYSE: AIR) trading at $20.06 on a volume of 60,646 shares
In a press release on November 05, AAR Modifies Support Agreements With Mesa Air Group
WOOD DALE, Ill., Nov 05, 2009 AAR CORP. (NYSE: AIR) announced today that it has entered into a series of related transactions with Mesa Air Group, Inc. (Mesa).
AAR and Mesa amended their parts supply and maintenance agreements for Mesa's CRJ-200 and ERJ-145 aircraft fleet to provide Mesa with increased flexibility to respond to demand fluctuations in the 50-seat aircraft market. In consideration for these amendments AAR will receive a cash payment from Mesa along with 15 million shares of Mesa's common stock.
AAR will return to Mesa $6.1 million aggregate principal amount at maturity of Mesa's 2023 notes. AAR does not expect to increase its stock ownership in Mesa, and may sell down its position from time to time as market conditions permit. AAR has generated approximately $30 million in annual sales supporting Mesa's CRJ-200 and ERJ-145 fleets.
About AAR
AAR is a leading provider of products and value-added services to the worldwide aerospace and defense industry. With facilities and sales locations around the world, AAR uses its close-to-the-customer business model to serve aviation and government/defense customers through three operating segments: Aviation Supply Chain; Maintenance, Repair and Overhaul; and Structures and Systems. More information can be found at www.aarcorp.com.
-- November 05, 2009 IBM (NYSE: IBM) trading at $122.79 on a volume of 2.76M shares.
In a press release out on November 05, IBM Introduces New Offerings for Software Development in the Cloud
Public and Private Cloud Environments Now Available
ARMONK, N.Y., Nov 05, 2009 IBM (NYSE: IBM) today announced new solutions for developers to create and deliver software in both public and private cloud environments. Organizations must be able to quickly and cost-effectively manage development, testing and deployment of software in often disparate development environments. IBM is providing a framework to help customers centrally manage projects from the cloud, even if they are using third-party or open-source tooling. This brings significant value to customers in terms of cost savings, flexibility, speed, agility and improved governance.
About International Business Machines Corporation
International Business Machines Corporation (IBM), is an information technology (IT) company. The Company's major operations include Global Technology Services segment (GTS), Global Business Services segment (GBS), Software segment, Systems and Technology segment, and Global Financing segment. On January 31, 2008, the Company acquired 100% of Cognos, Inc. On April 3, 2008, IBM acquired 100% of Telelogic, AB. In July 2008, the Company acquired Platform Solutions, Inc. In December 2008, its internal global logistics operations were acquired by SNCF Transport and logistics division of Geodis. In July 2009, IBM acquired Ounce Labs, Inc., a privately held company based in Waltham, Massachusetts, whose software helps companies to reduce the risks and costs associated with security and compliance concerns. In August 2009, the Company announced the launch of its China Analytics Solution Center, part of a network of global centers.
-- November 05, 2009 SRA International, Inc. (NYSE: SRX) last at $19.36 a volume of 337,847 shares
In a press release out on November 05, Era Selected by ConnDOT for Noise and Flight Track Monitoring System
SRA Subsidiary to deploy AirScene.com NOMS at Hartford Bradley International Airport
FAIRFAX, Va., Nov 05, 2009 Era Systems Corporation, a subsidiary of SRA International, Inc. (NYSE: SRX), today announced that the Connecticut Department of Transportation (ConnDOT) has selected Era to install its new noise and flight track monitoring solution. The solution will feature Era's AirScene(R).com NOMS (Noise and Operations Monitoring System), Larson Davis semi-permanent 831 noise monitoring terminals and Passur Aerospace flight tracking software.
The noise and flight-tracking terminals will be installed at Bradley International Airport in Windsor Locks, Conn. - the state's largest airport and the second-busiest in New England. This advanced technology will allow the airport to handle noise complaints by correlating aircraft identification data with flight tracks to determine what flight caused a community complaint.
About SRA International, Inc.
SRA and its subsidiaries are dedicated to solving complex problems of global significance for government organizations serving the national security, civil government and global health markets. Founded in 1978, the company and its subsidiaries have expertise in such areas as air surveillance and air traffic management; contract research organization (CRO) services; cyber security; disaster response planning; enterprise resource planning; environmental strategies; IT systems, infrastructure and managed services; logistics; public health preparedness; public safety; strategic management consulting; systems engineering; and wireless integration.
-- November 05, 2009 TransAlta Corporation (NYSE: TAC) last at $19.21 on a volume of 13,400 shares
In a press release out on November 05, TransAlta Corporation closes Cdn$412.5 million sale of common shares
CALGARY, ALBERTA, Nov 05, 2009 TransAlta Corporation (TSX: TA) (NYSE: TAC) ("TransAlta") today announced it has completed its public offering of 18,656,800 Common Shares at a price of $20.10 per common share. In addition, the full over-allotment option granted to the syndicate of underwriters, led by RBC Capital Markets, CIBC and Scotia Capital Inc., as bookrunners, was exercised for an additional 1,865,700 common shares also at a price of $20.10 per Common Share.
The offering previously announced on October 28, 2009, resulted in gross proceeds to TransAlta of approximately Cdn $412.5 million. The net proceeds from the offering will be used to repay a portion of the indebtedness incurred in connection with TransAlta's acquisition of Canadian Hydro Developers, Inc.
The Common Shares were offered to the public in Canada and the United States through the underwriters or their affiliates by way of a prospectus supplement that was filed with securities regulatory authorities in Canada and the United States under TransAlta's short form base shelf prospectus, which was previously filed with securities regulatory authorities in Canada and in the United States under the multi-jurisdictional disclosure system.
About TransAlta
TransAlta is a corporation amalgamated under the Canada Business Corporations Act. The registered office and principal place of business of TransAlta are at 110 - 12th Avenue S.W., Calgary, Alberta, Canada T2R 0G7. TransAlta generates and markets electricity in Canada, the United States and Australia through its portfolio of facilities fueled by coal, natural gas, hydroelectric, wind and geothermal resources.
-- November 05, 2009 MSCI Inc. (NYSE: MXB) trading at $29.79 on a volume of 1.24M shares
In a press release out on November 05, MSCI Inc. Announces Public Offering of 3.3 million Shares of its Common Stock
NEW YORK, Nov 05, 2009 MSCI Inc. (NYSE: MXB) announced today that it is commencing a registered public offering of 3.3 million shares of its class A common stock, par value $0.01 per share. MSCI Inc. also expects to grant the underwriters an option to purchase up to 495,000 additional shares of class A common stock to cover over-allotments. The offering is being made in conjunction with MSCI's inclusion in the S&P MidCap 400 Index after the market closes on November 5, 2009.
Net proceeds from the offering are expected to be used for general corporate purposes, which may include the funding of strategic acquisitions or the repayment of a portion of MSCI's credit facility. Morgan Stanley is serving as sole book-running manager for the offering.
About MSCI Inc.
MSCI Inc. is a leading provider of investment decision support tools to investment institutions worldwide. MSCI Inc. products include indices and portfolio risk and performance analytics for use in managing equity, fixed income and multi-asset class portfolios.
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Tags: acquisition advisor aerospace aircraft airport alaska alberta argentina australia aviation bolivia book broker business business services calgary canada chile china coal community connecticut construction consulting contract corporate dealer defense electricity e-mail engineering equity exploration geothermal gold government health hydroelectric idaho index information technology investment investment opinion market massachusetts mexico mining MSCI natural gas nevada new_york nyse prices products profit public offering research revenue sales securities security silver small cap software technology track virginia web wireless
Companies: AAR Corp. (AIR), Coeur D'Alene Mines Corp. (CDE), International Business Machines Corp. (IBM), MSCI Inc (MXB), SRA International, Inc. (SRX), TransAlta Corporation (TAC)
CALGARY, ALBERTA, Nov 3, 2009 (Marketwire via COMTEX) --
TransAlta Corporation (TSX:TA) (NYSE:TAC) and Canadian Hydro Developers, Inc. (TSX:KHD) announced today TransAlta's wholly-owned subsidiary (the "Offeror") has taken up approximately 9.1 million additional common shares of Canadian Hydro Developers validly deposited and taken up pursuant to its offer (the "Offer") to acquire all of the outstanding common shares of Canadian Hydro Developers for $5.25 cash per share. These common shares combined with the common shares acquired on October 23, 2009 represent approximately 93.5 per cent of the outstanding common shares of Canadian Hydro Developers. The Offer has now expired.
Given the Offer has been accepted by holders of more than 90 per cent of Canadian Hydro Developers common shares, the Offeror will exercise its right to acquire the remaining common shares of Canadian Hydro Developers pursuant to the compulsory acquisition provisions of the Business Corporations Act (Alberta), as described in the Offer. TransAlta anticipates that the compulsory acquisition of the remaining common shares will be completed on November 4, 2009, the date that Offeror will pay for the additional common shares taken up pursuant to the Offer.
Following the take-up of the additional common shares of Canadian Hydro Developers, Richard Ballantyne and David Stenason will resign from the Board of Directors of the company. TransAlta will also take the necessary steps to delist Canadian Hydro Developers from the TSX.
About TransAlta:
TransAlta is a power generation and wholesale marketing company focused on creating long-term shareholder value. TransAlta maintains a low to moderate risk profile by operating a highly contracted portfolio of assets in Canada, the United States, and Australia. TransAlta's focus is to efficiently operate its diversified fleet of geo-thermal, wind, hydro, natural gas and coal-fired facilities in order to provide its customers with a reliable, low-cost source of power. For nearly 100 years, TransAlta has been a responsible operator and a proud contributor to the communities where it works and lives. TransAlta is recognized for its leadership on sustainability by the Dow Jones Sustainability North America Index, the FTSE4Good Index and the Jantzi Social Index.
About Canadian Hydro
"Recognized as one of Jantzi/Maclean's Top 50 Responsible Corporations in Canada"
Canadian Hydro is committed to Building a Sustainable Future(R). The Company is the largest and most diversified developer, owner, and operator of 21 renewable energy generation facilities in Canada totaling net 694 MW of capacity in operation and 18 MW under construction. The renewable generation portfolio is diversified across three technologies (water, wind,and biomass) in the provinces of Alberta, British Columbia, Ontario, and Quebec. This portfolio is unique in Canada as all facilities are certified, or slated for certification, under Environment Canada's EcoLogoM Program.
Reader Advisory
This joint news release contains statements that constitute "forward-looking information" or "forward-looking statements" (collectively "forward-looking information") within the meaning of applicable securities legislation. More particularly, and without limitation, this joint news release contains forward-looking information concerning the timing of the payment for the common shares of Canadian Hydro Developers taken up pursuant to the Offer and the completion of the compulsory acquisition, and the affects of the transaction on TransAlta. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond TransAlta's and Canadian Hydro Developers' control including, without limitation, uncertainty related to the impact of legislative or regulatory developments, competition, global capital markets activity, changes in prevailing interest rates, currency exchange rates, inflation levels and general economic conditions in geographic areas where TransAlta and Canadian Hydro Developers operate. Readers are cautioned that the foregoing list of risk factors is not exhaustive. Additional information on these and other factors that could affect TransAlta's and Canadian Hydro Developers' results are included in reports on file with the Canadian and United States securities regulatory authorities. TransAlta's and Canadian Hydro Developers' actual results, performance or achievements may differ materially from those expressed in, or implied by this forward-looking information and, accordingly, no assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that TransAlta and Canadian Hydro Developers will derive therefrom. Forward-looking information is based on the estimates and opinions of TransAlta's and Canadian Hydro Developers' management at the time the information is released and TransAlta and Canadian Hydro Developers do not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
This joint news release does not constitute an offer to sell or the solicitation of an offer to buy any securities. No offering of securities will be made absent registration under, or an exemption from the registration requirements of, applicable securities laws.
Note: All financial figures are in Canadian dollars unless noted otherwise.
SOURCE: TransAlta Corporation
TransAlta Corporation - Media inquiries Michael Lawrence Manager, External Relations (403) 267-7330 michael_lawrence@transalta.com TransAlta Corporation - Investor inquiries Jennifer Pierce Vice President, Communications & Investor Relations (403) 267-7622 or 1-800-387-3598 in Canada and U.S jennifer_pierce@transalta.com TransAlta Corporation - Investor inquiries Jess Nieukerk Manager, Investor Relations (403) 267-3607 jess_nieukerk@transalta.com www.transalta.com Canadian Hydro Developers, Inc. Darryl Warren Manager, Marketing & Communications (403) 806-8143 DWarren@canhydro.com www.canhydro.com
Tags: acquisition alberta australia british columbia canada coal construction currency environment exercise index inflation interest rates legislation marketing natural gas north america note nyse ontario quebec renewable energy securities technology united states water wholesale
Companies: Canadian Hydro Developers, Inc. (CHDVF), Canadian Hydro Developers, Inc. (KHD), TransAlta Corporation (TA), TransAlta Corporation (TAC)
Total : 504 View more »
TransAlta Corp. (TAC, C$21.05, -C$0.19, -0.9%) said third-quarter earnings rose to 34 Canadian cents a share from 31 Canadian cents, while revenue fell to C$666 million from C$791 million. On a non-GAAP basis, it earned 34 Canadian cents, below the Thomson Reuters mean estimate of 39 Canadian
http://www.zibb.com/article/5620329/DJ+Canada+Hot+Stocks+To+Watch+TransAlta+Inmet
TransAlta knows you value your free time as much as your work. That’s why we offer sensible ways to balance obligations both at the office and at home. We offer sabbaticals for education, charitable work, and for reasons known only to you and those you care for.
Canadian Hydro Developers Inc. has received a number of proposals following the data room process resulting from the unsolicited offer received from TransAlta Corp. in July.
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Understand how the project technical managers evaluated their business drivers, technical and user community requirements, then planned and managed the project phases to implement this high performing solution.
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A power generation and wholesale marketing company that generates electricity, fueled by coal, natural gas, water, geothermal energy and wind, and sells it to wholesale customers ...
TransAlta Corporation (TSX: TA, NYSE: TAC) (formerly: Calgary Power) is a Canadian energy company based in Calgary, Alberta. It operates 51 power plants in Canada, the United ...
Research and review Transalta Corporation jobs. Learn more about a career with Transalta Corporation including all recent jobs, hiring trends, salaries, work environment and more.
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