December 17, 2017 - BRE
New! Brookfield Real Estate Services Inc. Q3-2017 Earnings Update .....
December 15, 2017 - RCI.B
New! Rogers Communications Inc. Q3-2017 Earnings and Price Target .....
December 14, 2017 - SJR.B
Shaw Communications Inc. 2017 Earnings & Price Target .....
December 13, 2017 - BCE
BCE - Q3-2017 Earnings, Price Target Update .....
December 12, 2017 - T
Telus Corp. Q3-2017 Earnings & Price Target Update .....
December 10, 2017 - KEG.UN
The Keg Royalties Income Fund - Q3-2017 Earnings .....
December 9, 2017 - MKP
MCAN Mortgage Corp. Q3-2017 Earnings & Price Target Update .....
December 7, 2017 - AI
Atrium Mortgage Investment Corp. Q3-2017 Earnings .....
Recommendation Changes
SJR.B, FN, KEY, MRT.UN, SRU.UN, more...

TransAlta Renewables Inc. Price Target Update

This is only a sample of the article, please login to view the entire article

TransAlta Renewables owns and operates 13 hydro facilities and 18 wind farms in Western and Eastern Canada, and 8 natural gas generation facilities including one under construction in Australia. This includes economic interests in TransAlta Corp. (TA-TSX) 425 MW Australian gas-fired generation assets, their Wyoming wind farm and preferred tracking shares in certain Canadian facilities. The Australian assets are comprised of the 150 MW South Hedland facility currently under construction, a 270 km gas pipeline and four natural gas fuelled power generating facilities. They own directly or through economic interests an aggregate of 2,441MW of gross generating capacity located in British Columbia, Alberta, Ontario, Qu├ębec, New Brunswick, the State of Wyoming and the State of Western Australia. TransAlta Corp. manages and operates these facilities under the terms of a Management, Administrative and Operational Services Agreement. By fuel type, 44% of production is from natural gas, 51% wind and 5% from hydro. By location 40% of power generated is in Alberta, 30% in Ontario with the balance split between Australia, New Brunswick, BC and Quebec.

During Q1-2016 they invested in Canadian tracking preferred shares issued by Transalta Corp. paying 7.2%. The shares represent an investment in Transalta's Sarnia cogeneration plant, Le Nordais wind farm, and Ragged Chute hydro facility comprising 611 MW of contracted power generation assets located in Ontario and Quebec. This is an economic interest, not direct ownership.

Total assets as of Mar-31-2017 were $3.9B of which $2B represent direct ownership and $1.9B is an investment in preferred shares of the TransAlta Corp. operating facilities.

You must be a member to view the entire article, please subscribe or login

New Issues & Acquisition
December 15, 2017
New! Coverage Universe - Weekly Price Changes Dec 8-15, 2017
December 8, 2017
Coverage Universe- Weekly Price Changes Dec 1-8, 2017
December 6, 2017
AG Growth International - New Convertible Debenture
December 6, 2017
Kinder Morgan Canada Inc. 5.2% Rate Reset Preferred Share New Issue
December 5, 2017
Fiera Capital Corp. - New Convertible Debenture
December 4, 2017
Melcor REIT - New Convertible Debenture
December 4, 2017
Enbridge Rate Reset, Minimum Guarantee New Issue
December 1, 2017
Coverage Universe - Weekly Price Changes Nov 24-Dec 1, 2017