CALGARY, ALBERTA — (Marketwired) — 10/30/13 — TransAlta Corporation (TSX: TA)(NYSE: TAC) announced today that it, through a subsidiary entity, has signed a long-term contract extension to supply power to the BHP Billiton (ASX: BHP) Nickel West operations in Western Australia from its Southern Cross Energy facilities.
The new power supply agreement is effective immediately and replaces the previous contract which was set to expire at the beginning of 2014. Operating since 1996, Southern Cross has a total installed capacity of 245MW from the Kambalda, Mt. Keith, Leinster and Kalgoorlie power stations.
Western Australia is an important market for TransAlta, where it has been operating for more than 15 years, and where it has developed behind-the-fence expertise with resource operators in the region.
Highlights of Other Recent Contract Executions:
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Recent Contract Announcements
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About TransAlta:
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 geothermal, wind, hydro, natural gas and coal facilities in order to provide customers with a reliable, low-cost source of power. For over 100 years, TransAlta has been a responsible operator and a proud contributor to the communities in which it works and lives. TransAlta has been selected by Jantzi-Sustainalytics as one of Canada–s Top 50 Socially Responsible Companies since 2009 and is recognized globally for its leadership on sustainability and corporate responsibility standards by FTSE4Good.
This news release may contain forward looking statements, including statements regarding our business, expected length and contracting terms, anticipated financial performance of TransAlta Corporation or its subsidiaries and expected production of our facilities. These statements are based on TransAlta Corporation–s belief (including those of its subsidiaries) 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 changes in the market place in which these assets operate, legislative or regulatory developments, competition, global capital markets activity, changes in prevailing interest rates, currency exchange rates, inflation levels, commodity prices and general economic conditions in the geographic areas where we operate.
Contacts:
Investor inquiries:
Brent Ward
Director, Corporate Finance and Investor Relations
Phone: 1-800-387-3598 in Canada and U.S.
Email:
Media inquiries:
Stacey Hatcher
Senior Corporate Relations Advisor
Cell: 587-216-2242
Toll-free media number: 1-855-255-9184
Alternate local number: 403-267-2540