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Koine

06/08/20 12:35 PM

Post #9

Re: #8: @eFinanceMarkets - TransAlta eyes $1.5B in savings by converting coal-fired

This is a strategic decision which is a big win to shareholders

eFinanceMarkets Free

05/09/17 1:36 AM

Post #8

Re: #7: @Sasquatch81 - Nice to see this making a significant move.

TransAlta eyes $1.5B in savings by converting coal-fired plants to gas early

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.

Sasquatch81 Free

11/25/16 9:57 AM

Post #7

Nice to see this making a significant move.

Timothy Smith Free

02/18/16 10:40 AM

Post #6

TransAlta (NYSE:TAC): Q4 EPS of C$0.01 misses by C$0.12.

Revenue of C$595M (-17.1% Y/Y) misses by C$105.5M.

Timothy Smith Free

11/24/15 5:41 AM

Post #5

TransAlta (TAC +12.2%) soars following the Alberta government's announced plan to phase out of coal generation and accelerate wind and solar power construction, which would give the renewable energy producer an edge over competitors.

Timothy Smith Free

10/31/15 4:02 PM

Post #4

TransAlta (NYSE:TAC): Q3 EPS of -$0.12 misses by $0.16.

Revenue of $641M (+0.3% Y/Y) misses by $14.25M.

Timothy Smith Free

07/08/15 1:17 PM

Post #3

Re: #2: @Gixene - TransAlta: 4 Different Insiders Have Purchased Shares During

TransAlta (NYSE:TAC) agrees to acquire Suncor Energy’s (NYSE:SU) interest in two wind farms in Canada, as part of a complicated deal to restructure the companies' power generating arrangement in Alberta’s oil sands.