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TransAlta Announces Retirement of Sundance 3 Coal Unit
TransAlta Announces Retirement of Sundance 3 Coal Unit Canada NewsWire CALGARY, ...
About this update from Transalta Corporation
[{"type":"text","content":"\n\n\n\nTransAlta Announces Retirement of Sundance 3 Coal Unit\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, AB, July 22, 2020\n\n\n\nCALGARY, AB, July 22, 2020 /CNW/ - TransAlta Corporation (\"TransAlta\" or the \"Company\") (TSX: TA) (NYSE: TAC) announced that it gave notice today to the Alberta Electric System Operator (\"AESO\") of its intention to retire the currently mothballed coal-fired Sundance Unit 3 effective July 31, 2020.  The retirement decision was largely driven by TransAlta's assessment of future market conditions, the age and condition of the unit, and our ability to supply energy and capacity from our generation portfolio in Alberta.  \nThis decision advances the Company's transition to 100 per cent clean electricity by 2025. TransAlta continues to operate a highly diversified and low-cost fleet of generation assets that is well-positioned to service the electricity demands of Albertans.  \nAbout TransAlta Corporation: \nTransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers with clean, affordable, energy efficient and reliable power. Today, TransAlta is one of Canada's largest producers of wind power and Alberta's largest producer of hydroelectric power. For over 100 years, TransAlta has been a responsible operator and a proud community-member where its employees work and live. TransAlta aligns its corporate goals with the UN Sustainable Development Goals and has been recognized by CDP (formerly Climate Disclosure Project) as an industry leader on Climate Change Management. TransAlta is proud to have achieved the Silver level PAR (Progressive Aboriginal Relations) designation by the Canadian Council for Aboriginal Business.  \nFor more information about TransAlta, visit its web site at transalta.com.\nForward-Looking Statements \nThis News Release includes \"forward-looking infor...