We've powered economic development and quality of life since 1909. Along the way, we've transformed ourselves from a regulated Alberta-based utility to an internationally diversified wholesale power producer and the largest publicly traded provider of renewable energy in Canada.
We've grown to become Canada's largest investor-owned wholesale power generator and marketing company, with nearly $3 billion in annual revenue, over $9 billion in assets, and power plants in Canada, the U.S., and Australia.
The value of owning TransAlta stock is based on our unwavering commitment to:
- Provide strong yield and growth;
- Maintain a clear, disciplined strategy built upon sound financial and operating principles that are low-to-moderate risk; and
- Provide financial strength through a strong balance sheet, investment-grade credit ratings, and a balanced approach to capital allocation.
Today, we are well positioned to create near and long-term value for shareholders by progressing on three strategic imperatives:
- Drive the base to sustain strong plant performance while improving productivity and driving down costs. We are moving forward with initiatives to enhance our core operational efficiencies, speed up decision making, and lower both our operating and sustaining capital costs.
- Reposition coal assets to reduce emissions and comply with the new and challenging market realities of carbon constraints. We have multiple options to navigate through environmental uncertainties and achieve future growth.
- Green and diversify our portfolio. Today, we have one of the best green and diverse portfolios in the industry; we are Canada’s leading provider of renewable energy with 24 per cent of our installed capacity being renewable energy sources. We also maintain a diverse pipeline of development projects and have excellent organic and acquisition opportunities for future growth.
Tomorrow we have strong potential upside with market recovery, through the expiry of our long-term Alberta Power Purchase Arrangements, from renewable growth, from gas-fired generation, and through new technologies like Carbon Capture and Storage.