TRANSALTA CORP

TransAlta Corporation announced that its subsidiary, TransAlta Centralia Generation LLC, received an order from the U.S. Department of Energy. This order mandates that Centralia Unit 2 in Washington State remain available for operation for an additional 90 days, extending its operational period until September 13, 2026. The company stated it will comply with the order and continue to work with the relevant government authorities.

TransAlta Corporation announced that its subsidiary, TransAlta Centralia Generation LLC, has received an order from the United States Department of Energy. This order mandates that Centralia Unit 2 in Washington State remain available for operation for a 90-day period, until September 13, 2026. TransAlta confirmed its commitment to comply with the order and to collaborate with the U.S. Department of Energy and Washington state government.

TransAlta Corporation announced the closing of its previously announced bought deal offering, raising approximately $350 million in gross proceeds. The company issued 18,230,000 common shares at a price of $19.20 per share. The net proceeds are primarily intended to fund the cash purchase price of its acquisition of two new natural gas-fired peaking facilities totaling 318 MW near Denver, Colorado, which is expected to close in early Q4 2026. Underwriters also hold an option for additional shares worth approximately $52.5 million.

TransAlta Corporation announced the closing of its previously announced bought deal offering of common shares. The company issued 18,230,000 common shares at $19.20 per share, raising approximately $350 million in gross proceeds. The net proceeds are intended to fund the cash purchase price for its acquisition of two natural gas-fired peaking facilities totaling 318 MW near Denver, Colorado, which is expected to close in early Q4 2026.

TransAlta Corporation has entered into an underwriting agreement to issue and sell 18,230,000 common shares at a price of $19.20 per share, with an option for underwriters to purchase an additional 2,734,500 shares. The offering, expected to raise approximately $350 million, will be used to fund the cash portion of the acquisition of two natural gas fired peaking facilities in Colorado for approximately US$1.0 billion. The deal is structured as a 'bought deal' with a closing date around June 9, 2026.

TransAlta Corporation announced its agreement to acquire two natural gas peaking facilities in Colorado for a total transaction value of $1 billion. The acquisition, which includes assuming $750 million in debt and raising $250 million in equity, is being funded in part by a concurrent $350 million bought deal offering of common shares. The two facilities, totaling 318 MW, are 100% contracted for over 25 years with investment-grade customers and are expected to add approximately $80 million in annual Adjusted EBITDA. The acquisition is expected to close in early Q4 2026.

TransAlta Corporation announced the acquisition of Mountain Peak Power LLC and Canyon Peak Power LLC, which own two new natural gas peaking facilities totaling 318 MW near Denver, Colorado. The total transaction value is US$1.0 billion, comprising US$750 million in assumed debt and US$250 million in equity, funded by a concurrent $350 million bought deal common share offering. This acquisition is expected to add approximately US$80 million in Adjusted EBITDA and US$33 million in Free Cash Flow annually, providing immediate low-to-mid single-digit accretion to Free Cash Flow per Share. The assets are 100% contracted for over 25 years, strengthening TransAlta's business risk profile and establishing a strategic foothold in Colorado.

TransAlta reported Q1 2026 financial results, with Adjusted EBITDA decreasing to $204 million from $270 million year-over-year, and net earnings attributable to common shareholders falling to $13 million from $46 million. The company reaffirmed its 2026 outlook despite softer Alberta power prices. Key leadership changes include Joel Hunter succeeding John Kousinioris as CEO, and new appointments for CFO and Chief Commercial Officer. The Board also approved an 8% increase in the common share dividend to $0.07 per share quarterly. Additionally, TransAlta closed the acquisition of Far North Power Corporation and signed an MOU for a data center development at its Keephills site.

TransAlta announced significant leadership changes, with Joel Hunter succeeding John Kousinioris as President and CEO, and Mike Politeski appointed as the new CFO. The company also reported a substantial decline in Q1 2026 net earnings attributable to common shareholders by 72% to $13 million, with revenues decreasing 25% to $565 million and Adjusted EBITDA down 24% to $204 million. Despite this, cash flow from operating activities significantly increased to $123 million from $7 million in the prior year. Additionally, TransAlta signed an MOU for a data center development up to 1 GW and increased its common share dividend by 8% to an annualized $0.28.

TransAlta reported Q1 2026 financial results, with Adjusted EBITDA of $204 million and Free Cash Flow of $102 million, both down from the prior year, despite strong operational availability. The company announced significant management changes, including Joel Hunter succeeding John Kousinioris as President and CEO, Mike Politeski as CFO, and Grant Arnold as CCO. Strategic developments include a new MoU for a 1 GW data center development in Alberta, an 8% increase in the common share dividend, and the acquisition of Far North Power Corporation for $95 million. The company also mothballed Sheerness Unit 1 and received an order for Centralia Unit 2 to remain available.