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Tuesday, May 09, 2017 1:36:39 AM
TransAlta (NYSE:TAC) says its decision to shut down its coal-fired power plants early and convert them to burn natural gas will save the company $1.5B, based on a projected $50/metric ton carbon tax in 2022.
While “it may be an intuitive conclusion that running the [coal plants] for the longest period of time that you can is the most valuable... our analysis showed that accelerating the conversions was actually the right thing to do," says TAC President and CEO Dawn Farrell, as the "converted plants will run for up to 15 years with roughly half the annual capital spend."
In addition to explaining the rationale behind last month's move announcement that it planned to retire and convert its coal-power generating stations, TAC reported Q1 results that missed analyst estimates, due in part to unplanned outages in the company’s Canadian coal operations.
Recent TAC News
- TransAlta Announces Conversion Results for Series G and Series H Preferred Shares • GlobeNewswire Inc. • 09/17/2024 09:00:10 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/03/2024 09:15:20 PM
- TransAlta Announces Dividend Rates on Series G Preferred Shares and Series H Preferred Shares • GlobeNewswire Inc. • 09/03/2024 09:00:37 PM
- TransAlta Provides Notice of Series G Preferred Shares Conversion Right • GlobeNewswire Inc. • 08/22/2024 09:15:45 PM
- TransAlta Reports Second Quarter 2024 Results • GlobeNewswire Inc. • 08/01/2024 11:03:44 AM
- TransAlta Declares Dividends • GlobeNewswire Inc. • 07/29/2024 11:27:19 PM
- Media Advisory: TransAlta Second Quarter 2024 Results and Conference Call • GlobeNewswire Inc. • 07/04/2024 09:00:07 PM
- TransAlta Corporation Enters into Automatic Share Purchase Plan • GlobeNewswire Inc. • 06/24/2024 09:30:38 PM
- TransAlta Renews Normal Course Issuer Bid • GlobeNewswire Inc. • 05/27/2024 10:15:13 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/21/2024 08:30:52 PM
- TransAlta Achieves Commercial Operation of 200 MW Horizon Hill Wind Facility, increasing its United States Renewables Fleet to over 1 GW • GlobeNewswire Inc. • 05/21/2024 08:22:06 PM
- TransAlta Reports First Quarter 2024 Results • GlobeNewswire Inc. • 05/03/2024 11:04:04 AM
- TransAlta Corporation Announces Results of the Annual Meeting of Shareholders and Election of all Directors • GlobeNewswire Inc. • 04/25/2024 08:34:32 PM
- TransAlta Declares Dividends • GlobeNewswire Inc. • 04/25/2024 01:04:41 AM
- TransAlta Achieves Commercial Operation of 300 MW White Rock Project and Increases its US Renewables Fleet to 820 MW • GlobeNewswire Inc. • 04/24/2024 11:00:00 AM
- TransAlta Joins Other Water Licence Holders and the Alberta Government to collaborate on flow management on the Bow River System • GlobeNewswire Inc. • 04/19/2024 03:39:24 PM
- TransAlta Announces Retirement of CFO and Appointment of New CFO • GlobeNewswire Inc. • 04/11/2024 11:00:00 AM
- Media Advisory: TransAlta Annual Meeting of Shareholders and First Quarter 2024 Results and Conference Call • PR Newswire (US) • 03/28/2024 08:00:00 PM
- Media Advisory: TransAlta Annual Meeting of Shareholders and First Quarter 2024 Results and Conference Call • PR Newswire (Canada) • 03/28/2024 08:00:00 PM
- TransAlta Corporation Enters into Automatic Share Purchase Plan • PR Newswire (US) • 03/22/2024 11:00:00 AM
- TransAlta Corporation Enters into Automatic Share Purchase Plan • PR Newswire (Canada) • 03/22/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/23/2024 12:33:37 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/23/2024 12:13:11 PM
- Form 40-F - Registration statement [Section 12] or Annual Report [Section 13(a), 15(d)] • Edgar (US Regulatory) • 02/23/2024 12:11:31 PM
- TransAlta Reports Full Year and Fourth Quarter 2023 Results and Announces Enhanced Share Repurchase Program • PR Newswire (US) • 02/23/2024 12:00:00 PM
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