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
TransAlta and Pembina Pipeline Announce 100 MW Renewable Power Purchase Agreement and Launch of the Garden Plain Wind Project
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CALGARY, AB, May 3, 2021 /PRNewswire/ - TransAlta Corporation ( TransAlta or the Company ) (TSX: TA) (NYSE: TAC) announced today that it has entered into a long-term Power Purchase Agreement ( PPA ) with Pembina Pipeline Corporation ( Pembina ) for the offtake of 100 MW from its proposed 130 MW Garden Plain Wind Power Project ( Garden Plain or facility ), to be located approximately 30 km north of Hanna, Alberta. Under this agreement, Pembina will receive both renewable electricity and environmental attributes for an 18-year term. This long-term contract with Pembina enables TransAlta to add the 130 MW Garden Plain Wind Project to its growing wind generation fleet.
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