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TransAlta Announces Retirement of Sundance Unit 2
TransAlta Announces Retirement of Sundance Unit 2 Canada NewsWire CALGARY, July ...
About this update from Transalta Corporation
[{"type":"text","content":"\n\n\n\nTransAlta Announces Retirement of Sundance Unit 2\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, July 18, 2018\n\n\n\nCALGARY, July 18, 2018 /CNW/ - TransAlta Corporation (\"TransAlta\" or the \"Company\") (TSX: TA, NYSE: TAC) today announced that, effective July 31, 2018, it will retire the currently mothballed Sundance Unit 2 due to its shorter useful life relative to other units, age, size, and the capital requirements needed to return the unit to service. \n\n\"Our strategy is underpinned by providing the lowest power price to consumers and we have determined that this unit does not meet that objective,\" said Dawn Farrell, President and Chief Executive Officer. \"The retirement is consistent with our transition strategy to clean power by 2025 and does not change our plans for converting the remaining four units at Sundance to gas generation.\"\n\nAbout TransAlta Corporation\n\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. We provide municipalities, medium and large industries, businesses and utility customers clean, affordable, energy efficient, and reliable power. Today, we are one of Canada's largest producers of wind power and Alberta's largest producer of hydro-electric 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 we have been recognized by CDP (formerly Climate Disclosure Project) as an industry leader on Climate Change Management. We are also proud to have achieved the Silver level PAR (Progressive Aboriginal Relations) designation by the Canadian Council for Aboriginal Business.\n\nFor more information about TransAlta, visit our web site at transalta.com.\n\nCautionary Statement Regarding Forward-Looking Information\n\nThis news release contains forward-looking statements and forward-looking information within the meaning o...