The Globe and Mail reports in its Monday edition that uncertainty over government electricity policies and the energy transition is spooking the market, driving an undervaluation of Calgary independent power producer TransAlta, says the company's chief executive officer. The Globe's Emma Graney writes that TransAlta announced a $150-million share buyback program Friday to help turn that around, and share prices climbed by around 6.2 per cent in response, to $10.08. The company also reported a loss attributable to common shareholders of $84-million, compared with a loss of $163-million a year earlier. Falling power prices have conspired with regulatory uncertainty on three fronts to shake investor confidence, CEO John Kousinioris told The Globe: the federal government's proposed clean-electricity regulations and, in Alberta, the government's market structure review and its ban on renewable project approvals. Mr. Kousinioris said people are expecting the industry to do a better job of growing renewables to meet decarbonization goals, but he stressed that has to be done "in a way that makes economic sense and is set in a timely way with appropriate returns." TransAlta has a huge footprint in Alberta.