TransAlta Reports Strong First Quarter 2021 Results led by Exceptional Performance at Alberta Hydro
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First Quarter 2021 Highlights
Comparable EBITDA
(1) of $310 million, an increase of $90 million or 41 per cent compared to the same period in 2020
Free cash flow ( FCF )
(1) of $129 million or $0.48 per share compared to $109 million or $0.39 per share, a 23 per cent increase on a per share basis, for the same period in 2020
Hydro segment delivered $77 million of comparable EBITDA, an increase of $51 million or 96 per cent compared to the same period in 2020
Adjusted availability was 88.6 per cent compared to 92.8 per cent for the same period in 2020
Canadian Power Utility Aims to be Coal-Free by 2022
Feb 4, 2021 6:20:pm
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by: Dale Lunan
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Canadian Power Utility Aims to be Coal-Free by 2022
Canadian utility TransAlta says it plans to be entirely off coal at its thermal generating stations by the start of 2022, as it works to complete coal-to-gas conversions at its Sundance/Keephills generating complex west of Edmonton.
On February 1 it announced the completion of the C$85mn (US$66mn) conversion of Unit 6 at Sundance and advised that conversions of Units 2 and 3 at Keephills would be completed in June and December this year.
“The full conversion of Sundance Unit 6 from thermal coal to natural gas is a significant landmark for TransAlta on its journey to transition off coal towards 100% clean electricity,” TransAlta CEO Dawn Farrell said. “Converting to natural gas from coal reduces our CO
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Alberta TransAlta Corporation announced that it has completed the first of three planned coal-to-gas (“CTG”) boiler conversions at its Sundance and Keephills power generation facilities near Wabamun, Alberta.
“The full conversion of Sundance Unit 6 from thermal coal to natural gas is a significant landmark for TransAlta on its journey to transition off coal towards 100 percent clean electricity,” says Dawn Farrell, President and CEO of TransAlta. “Converting to natural gas from coal reduces our CO2 emissions by half from approximately 1.05 tonnes CO2e per MWh to approximately 0.52 tonnes CO2e per MWh in 2021, and highlights TransAlta’s commitment to meet our own, and our customers’, E