TransAlta fully retires all the units of its Wabamun power plant
02 April 2010 - 1:00AM
Marketwired
TransAlta Corporation (TSX: TA); (NYSE: TAC) today announced that
after 54 years reliably providing power for Albertans, it has fully
retired all the units of its Wabamun power plant.
In 2002, after extensive evaluation and consultation, TransAlta
announced the phased shut-down of the four-unit power station. On
March 31, 2010, the last operating unit ended commercial operation.
Over the next several years TransAlta will complete the Wabamun
remediation and reclamation work as approved by the Government of
Alberta.
Built in 1956 with what was then the latest in coal-fired
technology, the 537 megawatt (MW) generating facility has been a
cornerstone asset for TransAlta. "Alberta is our Company's
birthplace and Wabuman played a key role in powering the growth of
this province," said Steve Snyder, President and CEO of TransAlta.
"But as an era closes for Wabamun, new ones are beginning as we
invest to modernize our coal fleet with Keephills 3, and add more
renewable energy which will fuel Alberta's economic prosperity for
decades to come."
K3, a joint venture between TransAlta and Capital Power
Corporation is a 450 MW coal-fired power plant equipped with the
latest in super-critical technology. Scheduled for commercial
operation in the first quarter of 2011, K3 will also be the test
site for Project Pioneer, one of Alberta's key carbon capture and
storage (CCS) initiatives.
"For more than 50 years some of our most talented employees kept
the lights on in Alberta at the Wabamun Plant," said Mr. Snyder. "I
am proud of them all. Their hard work and dedication to operational
excellence has been invaluable for the company and our
shareholders. Many lived in the community of Wabamun and I'd like
to express my sincerest appreciation to the community for its
ongoing support and commitment to TransAlta and our families."
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 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 100 years, TransAlta has 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.
About Wabamun:
The Wabamun Plant is one of three coal-fired generating stations
built in the Wabamun Lake area, 70 kilometres west of Edmonton,
Alberta. On average over the service life of the Wabamun Plant it
annually produced 3.7 million megawatt-hours (MWh) of energy -
enough each year to supply about 500,000 Alberta households.
Operational highlights:
- 1956, Wabamun began commercial operation at a cost of $8
million dollars to construct.
- 2002, Decision to implement a phased shut down was announced
and retirement of the first Unit # 3 (139 MW) was retired in
November.
- 2004, Retirement of Units 1 (62 MW) and 2 (57 MW) on Dec.
31.
- 2005, Wabamun remediation and reclamation plan submitted to
Alberta Environment (AENV) in Dec.
- 2010, Retirement of Unit 4 (279 MW) March 31.
Visit:
www.transalta.com/facilities/plants-operation/wabamun/decommissioning.
Contacts: TransAlta Corporation - Media inquiries Marcy McAuley
Senior Advisor, External Relations (403) 267-3639
marcy_mcauley@transalta.com TransAlta Corporation - Investor
inquiries Jennifer Pierce Vice President, Communications &
Investor Relations (403) 267-7622 TransAlta Corporation Jess
Nieukerk Manager, Investor Relations (403) 267-3607
investor_relations@transalta.com www.transalta.com
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