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TransAlta (TAC) Company Profile

Updated Jun 2, 2020
TransAlta has the following business profile:
Company's Full Name:TransAlta Corporation
Short Name:TransAlta
Trading Ticker Symbol:TAC
Primary Exchange:NYSE
Headquarter City/Country:Canada
Primary Industry Sector:Public Utilities
Seconday Sub-sector:Electric Utilities
Main Business Areas: Public Utilities, Electric Utilities, Utilities, Independent Power Producers
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding TransAlta stock

Market and Trading Information for TransAlta

The following details were available for trading and market data about the stock of TransAlta as of writing:
Current Share Price:$6.02
Previous Year's Closing Price:$7.16
Percentage Price Change (YTD):-15.92%
Market Cap:$1.63 billion
52-week Price Range:$3.63 - $8.5
Dividend Per Share:$0.16
EPS (TTM):-0.71
Price-Earnings (Trailing):0
Price-Earnings (Forward):86

Company Profile and Business Description for TransAlta

TransAlta Corporation (TransAlta), incorporated in January 1, 2009, is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,720 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. The Company focuses on generating and marketing electricity in Canada, the United States and Western Australia through its diversified portfolio of facilities fuelled by coal, natural gas, diesel, hydro, wind and solar. TransAlta is organized into eight business segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing and Corporate. The Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, and Hydro segments are responsible for constructing, operating and maintaining the Company's electrical generation. The Canadian Coal segment is also responsible for the operation and maintenance of its related mining operations in Canada. The Energy Marketing segment is responsible for marketing its production through short-term and long-term contracts, for securing fuel supply, and for maximizing margins by optimizing its assets as market conditions change. In addition to serving its assets, its marketing team markets energy products and services to energy producers and customers. This segment also encompasses the management of available generating capacity, as well as the fuel and transmission needs of the generation businesses. All the segments are supported by a Corporate segment, which includes the Corporation's central financial, legal, administrative, and investing functions.

Canadian Coal Business Segment

The Company's thermal plants are base load plants. The Company's Genesee 3 facility is located approximately 50 kilometers west of Edmonton, Alberta. Coal for the Genesee 3 facility is provided from the adjacent Genesee mine. Its Keephills 1 and 2, and the Sundance facilities are located approximately 70 kilometers southwest of Edmonton, Alberta. Keephills unit 1 and unit 2 have a capacity of approximately 400 megawatts each. The Sheerness facility is located approximately 200 kilometers northeast of Calgary, Alberta. It owns the Highvale mine that supplies coal to the Sundance and Keephills facilities, and perform the mining, reclamation and associated work at the Highvale mine.

Gas Business Segment

The Company has interests in the Fort Saskatchewan facility. The Fort Saskatchewan plant is an approximately 120 megawatts natural gas-fired combined-cycle cogeneration plant. Its Poplar Creek plant is located in Fort McMurray, Alberta. The Mississauga plant is a combined-cycle cogeneration facility designed to produce approximately 110 megawatts of electrical energy. The Company's Ottawa plant is a combined-cycle cogeneration facility designed to produce over 70 megawatts of electrical energy. The Sarnia plant is an approximately 510 megawatts combined-cycle cogeneration facility that provides steam and electricity to nearby industrial facilities. The Windsor plant is also a combined-cycle cogeneration facility designed to produce over 70 megawatts of electrical energy. The Parkeston plant is an approximately 110 megawatts dual-fuel natural gas and diesel fired power station.

Hydro Business Segment

The Company's Hydro business segment holds an interest in approximately 950 gross megawatts. Its facilities are located in British Columbia, Alberta, Ontario and Washington State. The Company's Akolkolex facility is a run-of-river hydroelectric facility with installed capacity of approximately 10 megawatts located on the Akolkolex River, south of Revelstoke, British Columbia. Pingston is a run-of-river hydroelectric facility with installed capacity of over 40 megawatts located on Pingston Creek, southwest of Revelstoke, British Columbia and down river of the Akolkolex facility. The Upper Mamquam facility is a run-of-river hydroelectric facility with installed capacity of over 20 megawatts located on the Mamquam River, east of Squamish, British Columbia, and north of Vancouver. The Bone Creek facility is a run-of-river hydroelectric facility with installed capacity of approximately 20 megawatts located on Bone Creek, over 90 kilometers south of the town of Valemount, British Columbia.

The Company's Barrier is a run-of-river hydroelectric facility with installed capacity of over 10 megawatts located on the Kananaskis River in Seebe, Alberta. Bighorn is a hydroelectric facility with installed capacity of approximately 120 megawatts located in Nordegg, Alberta. The Belly River facility is a run-of-river hydroelectric facility with installed capacity of approximately three megawatts located on the Waterton-St. Mary Headworks Irrigation Canal System, east of the Waterton Reservoir, approximately 70 kilometers southwest of Lethbridge in Southern Alberta. Its Ragged Chute is a run-of-river hydroelectric facility with installed capacity of seven megawatts located on the Montreal River, south of New Liskeard, in northern Ontario. It owns an approximately one megawatt hydroelectric generating facility on the Skookumchuck River near Centralia, and related assets, which are used to provide water supply to the Company's generation facilities in Centralia.

Wind and Solar Business Segment

The Wind and Solar segment holds interests in approximately 1,540 megawatts of gross wind generating capacity from over 10 wind farms in Western Canada, approximately four in Ontario, approximately two in Quebec, over two in New Brunswick, and approximately two in the United States, specifically in the states of Wyoming and Minnesota. The Company also owns an over 20 megawatts solar facility in the state of Massachusetts in the United States. The Ardenville facility is an approximately 70 megawatts wind farm located approximately eight kilometers south of Fort Macleod, Alberta adjacent to the Macleod Flats wind facility. The Blue Trail facility is an approximately 70 megawatts wind farm located in southern Alberta. The Melancthon II facility is an over 130 megawatts wind project located adjacent to Melancthon I, in Melancthon and Amaranth Townships. The Wolfe Island facility is an approximately 200 megawatts wind project located on Wolfe Island, near Kingston, Ontario.

The Company's Le Nordais is located at two sites: Cap-Chat and Matane with a combined installed capacity of approximately 100 megawatts. Le Nordais is located on the Gaspe Peninsula of Quebec. The Kent Hills facility is an approximately 200 megawatts project located in Kent Hills, New Brunswick. The Wyoming Wind Farm is an over 140 megawatts wind project located near Evanston, Wyoming. The Mass Solar Farm is an over 20 megawatts solar project consisting of multiple facilities located in Massachusetts.

U.S. Coal Business Segment

The Company owns a two-unit approximately 1,340 megawatts thermal facility in Centralia, Washington, located south of Seattle. It sells electricity from the Centralia Thermal plant into the Western Electricity Coordinating Council (WECC).

Energy Marketing Segment

The Company's Energy Marketing segment provides a number of strategic functions, including gathering and analyzing market trends to enable strategic planning and decision making; negotiating and entering into contractual agreements with customers for the sale of output from its generation assets, including electricity, steam or other energy-related commodities; negotiating and managing fuel supply arrangements with third parties for its generation assets; the development and execution of its corporate hedging strategy, and the optimization of the asset fleet. The Energy Marketing segment is also engaged in providing fee based asset management services to third parties, and trading electricity and other energy commodities (fuels).

110 12th Avenue SW, Stn M


See Full List of ETFs holding TransAlta stock in their respective portfolios.

Peer / Competitor Companies of Electric Utilities Sector

Along with TransAlta Corporation, the following other peer (competitor) companies also exist within the same Electric Utilities - Public Utilities sector whose company profile and dividend history is as follows:

▶ AES Corp (AES): The AES Corporation, incorporated on January 28, 1981, is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. The ....See Detailed Company Profile,  Dividend History

▶ Algonquin Power and Utilities (AQN): Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada and the United State....See Detailed Company Profile,  Dividend History

▶ American Electric Power (AEP): American Electric Power Company, Inc., an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers i....See Detailed Company Profile,  Dividend History

▶ Atlantic Power (AT): Atlantic Power Corporation owns and operates a fleet of power generation assets in the United States and Canada. As of December 31, 2017, its power generation projects had an aggregate gross electric generation....See Detailed Company Profile,  Dividend History

▶ Avangrid (AGR): Avangrid, Inc., incorporated on September 23, 1997, is an energy and utility company. The Company operates through three segments: Networks, Renewables and Gas. The Company is engaged in the regulated ....See Detailed Company Profile,  Dividend History

▶ Azure Power Global (AZRE): Azure Power Global Limited, together with its subsidiaries, engages in the development, construction, ownership, operation, maintenance, and management of solar power plants in India. It generates sol....See Detailed Company Profile,  Dividend History

▶ Black Hills (BKH): Black Hills Corporation, incorporated on April 28, 2000, is a holding company. The Company is an integrated energy company, which is focused primarily on regulated utilities. The Company operates through ....See Detailed Company Profile,  Dividend History

▶ Brookfield Renewable Partners (BEP): Brookfield Renewable Partners L.P., formerly Brookfield Renewable Energy Partners L.P., is the owner and operator of a portfolio of assets that generate electricity from renewable resources. The Company operates as ....See Detailed Company Profile,  Dividend History

▶ CenterPoint Energy (CNP): CenterPoint Energy, Inc., incorporated on August 31, 2001, is a public utility holding company. The Companys operating subsidiaries own and operate electric transmission and distribution facilities, and natural gas distribution ....See Detailed Company Profile,  Dividend History

▶ Centrais Electricas Brasileiras (EBR): Centrais Eletricas Brasileiras SA, incorporated on June 11, 1962, is a Brazil-based holding company engaged in the electric power generation and transmission. Its subsidiaries are responsible for 39,453 MW of ....See Detailed Company Profile,  Dividend History

▶ Centrais Electricas Brasileiras (EBR.B): Centrais Eletricas Brasileiras SA, incorporated on June 11, 1962, is a Brazil-based holding company engaged in the electric power generation and transmission. Its subsidiaries are responsible for 39,453 MW of ....See Detailed Company Profile,  Dividend History

▶ Comp En De Mn Cemig ADS (CIG): Companhia Energetica de Minas Gerais-CEMIG, incorporated on May 22, 1952, is a holding company that is engaged in the generation, transmission and distribution of electricity. The Companys segments include Generation, ....See Detailed Company Profile,  Dividend History

▶ Companhia Paranaense COPEL (ELP): Companhia Paranaense de Energia - Copel, incorporated on October 26, 1954, is engaged in the generation, transmission, distribution and sale of electricity primarily in the Brazilian State of Parana. The ....See Detailed Company Profile,  Dividend History

▶ Covanta Holding (CVA): Covanta Holding Corporation, incorporated on April 16, 1992, is a holding company. The Company, through its subsidiaries, owns and operates infrastructure for the conversion of waste to energy, as well ....See Detailed Company Profile,  Dividend History

▶ CPFL Energia (CPL): CPFL Energia S.A., incorporated on March 20, 1998, is a holding company. The Company, through its subsidiaries, distributes, generates, transmits and commercializes electricity in Brazil, as well as provides energy-related ....See Detailed Company Profile,  Dividend History

▶ Dominion Resources (D): Dominion Resources, Inc. (Dominion), incorporated on February 18, 1983, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and ....See Detailed Company Profile,  Dividend History

▶ Dominion Resources (DRUA): Dominion Resources, Inc. (Dominion), incorporated on February 18, 1983, is a producer and transporter of energy. Dominion is focused on its investment in regulated electric generation, transmission and distribution and ....See Detailed Company Profile,  Dividend History

▶ DTE Energy (DTE): DTE Energy Company (DTE Energy), incorporated on January 26, 1995, is an energy company. The Companys segments include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, ....See Detailed Company Profile,  Dividend History

▶ DTE Energy (DTJ): DTE Energy Company (DTE Energy), incorporated on January 26, 1995, is an energy company. The Companys segments include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, ....See Detailed Company Profile,  Dividend History

▶ DTE Energy (DTQ): DTE Energy Company (DTE Energy), incorporated on January 26, 1995, is an energy company. The Companys segments include Electric, Gas, Gas Storage and Pipelines, Power and Industrial Projects, Energy Trading, ....See Detailed Company Profile,  Dividend History

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