TransAlta announces Alberta power auction
05 May 2010 - 2:00AM
Marketwired
TransAlta Corporation (TSX: TA) (NYSE: TAC) today announced it will
be hosting its third Alberta fixed-price power auction on June 15.
For Alberta wholesale power buyers seeking competitive prices for
their long-term electricity needs, power auctions offer an
efficient means to secure an affordable and reliable supply.
TransAlta held its first two Alberta power auctions in 2009
attracting Canadian industrials, wholesale banks and trading
companies. At the upcoming June 15 auction, TransAlta will be
selling a four-year strip of Alberta power (2011 - 2014).
The auction will be facilitated by World Energy Solutions Inc.
(TSX: XWE; NASDAQ: XWES), an operator of online exchanges for
energy and green commodities.
For more details about TransAlta's wholesale power auction,
please visit the company's website: www.transalta.com.
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.
Contacts: TransAlta Corporation - Auction inquiries Cory St.
Croix Senior Originator (403) 267-6929 cory_stcroix@transalta.com
TransAlta Corporation - Investor and Media Inquiries Jennifer
Pierce Vice President, Communications & Investor Relations
(403) 267-7622 jennifer_pierce@transalta.com www.transalta.com
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