CALGARY, ALBERTA — (Marketwired) — 09/17/13 — TransAlta Corporation (TSX: TA)(NYSE: TAC) announced today that CalEnergy, LLC, a joint venture it has with MidAmerican Energy Holdings Company, has executed a 50 MW long-term contract for renewable geothermal power with Salt River Project (SRP), an Arizona utility.
Highlights of Salt River Project and CalEnergy Contract:
Bringing Value to Customers and Shareholders:
One of TransAlta–s strategic approaches to balance sheet strength remains execution of long term contracts for its assets, which provides reliability of power and price for its customers, while also providing a consistent return on investment for shareholders.
Highlights of Other Recent Contract Executions:
Related content:
CalEnergy
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Recent Contract Announcements
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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 the business and anticipated financial performance of TransAlta Corporation. These statements are based on TransAlta Corporation–s belief 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 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 geographic areas where TransAlta Corporation operates.
Contacts:
Investor inquiries: TransAlta Corporation
Brent Ward
Director, Corporate Finance and Investor Relations
1-800-387-3598 in Canada and U.S.
Media inquiries: TransAlta Corporation
Stacey Hatcher
Senior Corporate Relations Advisor
Cell: 587-216-2242
Toll-free media number: 1-855-255-9184
Alternate local number: 403-267-2540