An anonymous director reports
TRANSALTA ANNOUNCES RETIREMENT OF SUNDANCE 3 COAL UNIT
TransAlta Corp. gave notice today to the Alberta Electric System Operator (AESO) of its intention to retire the currently mothballed coal-fired Sundance unit 3 effective July 31, 2020. The retirement decision was largely driven by TransAlta's assessment of future market conditions, the age and condition of the unit, and the company's ability to supply energy and capacity from its generation portfolio in Alberta.
This decision advances the company's transition to 100 per cent clean electricity by 2025. TransAlta continues to operate a highly diversified and low-cost fleet of generation assets that is well positioned to service the electricity demands of Albertans.
About TransAlta Corp.
TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses, and utility customers with clean, affordable, energy-efficient and reliable power.
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