05:23:37 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



TransAlta Corp
Symbol TA
Shares Issued 307,500,973
Close 2024-04-03 C$ 8.59
Market Cap C$ 2,641,433,358
Recent Sedar Documents

Post says TransAlta told Alberta keen on nuclear

2024-04-04 09:13 ET - In the News

The Financial Post reports in its Thursday edition that Alberta is hoping to expedite the arrival of nuclear power to the province, even though that target is likely about a decade away, Premier Danielle Smith said Tuesday. Postmedia's Matt Scace writes that the province remains a distance away from building its first small modular reactor (SMR) as it continues to develops a framework for the private sector and watches Ontario bring its first reactor to market later this decade. "Our industry is anticipating it will take until 2035 to be able to get the first nuclear rolled out in our province. I hope that we can do it a lot faster than that," Ms. Smith said Tuesday at the SMR Canada Summit in Calgary. The province announced $600,000 is being allocated to SMR developer X-energy Reactor Company LLC, in partnership with TransAlta, to study the feasibility of repurposing a fossil fuel electricity generation site for a nuclear reactor. The funding will come from the Crown-owned Emissions Reduction Alberta, which is funded through revenues from Alberta's industrial carbon pricing system. Ms. Smith said she is looking to Ontario, which is building Canada's first SMR in Darlington that is expected to go on-line in 2028.

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