TransAlta responds to Luminus's withdrawal of all shareholder proposals
19 March 2008 - 1:29AM
Marketwired
CALGARY, ALBERTA (NYSE: TAC) - In responding to news Luminus has
withdrawn its shareholder proposals, Donna Soble Kaufman, chair of
the TransAlta board said, "We are pleased Luminus has decided to
withdraw all its proposals including its proposed minority slate of
directors. TransAlta has just completed a record year of earnings
and cash flow. Our plan is to continue to execute upon our
long-stated strategy of delivering value to all our
shareholders."
TransAlta is a power generation and wholesale marketing company
focused on creating long-term shareholder value. We maintain a
low-risk profile by operating a highly contracted portfolio of
assets in Canada, the United States, Mexico and Australia. Our
focus is to efficiently operate our coal-fired, gas-fired, hydro
and renewable 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.
Contacts: TransAlta Corporation - Media inquiries Michael
Lawrence Senior Advisor, Media Relations Phone: (403) 267-7330
Email: michael_lawrence@transalta.com TransAlta Corporation -
Investor inquiries Jennifer Pierce Director, Investor Relations
Phone: (403) 267-2520 or 1-800-387-3598 in Canada and U.S. (403)
267-2590 (FAX) Email: investor_relations@transalta.com Website:
www.transalta.com
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