TransAlta announces Alberta power auction
May 4, 2010
CALGARY, Alberta - 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. TransAlta is Canada's largest investor-owned renewable energy provider.
For more information:
Auction inquiries
Cory St. Croix
Senior Originator
(403) 267-6929
cory_stcroix@transalta.com
Investor and Media Inquiries
Jennifer Pierce
Vice President, Communications & Investor Relations
(403) 267-7622
jennifer_pierce@transalta.com
www.transalta.com
© 2009 TransAlta.