TransAlta disclaims any intention or obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Director, Corporate Finance and Investor Relations This energy producer is the perfect opportunity for those looking to get into renewable energy, while still getting a cut of the gas industry. *Insider roster data is derived solely from the last 24 months of Form 3 & Form 4 SEC filings. CALGARY, Alberta (August 9, 2013) – TransAlta Corporation (“TransAlta” or the “Company”) (TSX: TA; NYSE: TAC) and TransAlta Renewables Inc. (“TransAlta Renewables” or “Renewables”) (TSX: RNW) announced today the completion of Renewables’ $200 million initial public offering (the “Offering”) of common shares (the “Common Shares”) at a price of $10.00 per Common Share (the “Offering Price”). All rights reserved. THE CONTENTS OF THIS NEWS RELEASE HAVE BEEN MODIFIED TO SATISFY U.S. SECURITIES LAW REQUIREMENTS. Announce Exercise of Over-Allotment Option related to Initial Public Offering of TransAlta Renewables Inc. These facilities combined offer 2,421 megawatts of generating capacity that span from British Columbia through to New Brunswick, and into Wyoming, Massachusetts, and Minnesota. • Establishes a focused vehicle for pursuing and funding growth opportunities in the renewable power generation sector. Alternate local number: 403-267-2540. Alternate local number: 403-267-2540. The Offering is expected to close in August 2013. TFSA Investors: Here’s How You Can Earn a Safe Dividend Yield of 10% or More! TransAlta’s interest will be reduced to approximately 79.9% interest if the over-allotment option is exercised in full. As at Closing, TransAlta holds an approximate 82.6% interest in TransAlta Renewables. persons” (as defined in Regulation S under the United States Securities Act of 1933, as amended) except pursuant to certain exemptions. This news release contains forward-looking statements about TransAlta’s and TransAlta Renewables’ objectives, plans, goals, intentions, strategies, prospects and opportunities. Iain Butler and the Stock Advisor Canada team only publish their new “buy alerts” twice a month, and only to an exclusively small group. We’re so much more than power generation; learn more about what makes TransAlta Renewables different. At about $14 per share at the time of writing, investors should be looking at the prices in 2017 around $17 and think it’ll be no time before those share prices will be reached again. I mean granted, I’m a new mom. Not only that, but it looks like I’ve been missing out on an opportunity to be make some serious cash. TransAlta Renewables Inc.’s ISS Governance QualityScore as of December 9, 2019 is 8. TransAlta Renewables is among the largest of any publicly traded renewable independent power producers (“IPP”) in Canada. TransAlta’s focus is to efficiently operate geothermal, wind, hydro, natural gas and coal facilities in order to provide customers with a reliable, low-cost source of power. 5 Stocks Under $49 (FREE REPORT). TransAlta Launches TransAlta Renewables • Establishes a focused vehicle for pursuing and funding growth opportunities in the renewable power generation sector. Phone: 1 800-387-3598 in Canada and U.S. This is your chance to get in early on what could prove to be very special investment advice. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the TransAlta Renewables’ shares in the United States or to, or for the account or benefit of, U.S. persons. For over 100 years, TransAlta has been a responsible operator and a proud contributor to the communities in which it works and lives. We invite you to investigate our geographically diverse facilities for additional information on each location. The total purchase price for the three assets, which have an … 110 12th Avenue SouthwestPO Box 1900 Station âMâCalgary, AB T2P 2M1Canada403-267-7110http://www.transaltarenewables.com. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the TransAlta Renewables’ shares in the United States or to, or for the account or benefit of, U.S. persons. Bill Harris, partner and portfolio manager at Avenue Investment Management discusses his outlook for shares of Transalta and Transalta Renewables. Our Operations. TransAlta will be the sponsor and manager of TransAlta Renewables and will provide TransAlta Renewables with its initial asset base. Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada. © 2020 Verizon Media. All rights reserved. TransAlta will be the primary source of growth of TransAlta Renewables’ portfolio of renewable power generation assets, by providing TransAlta Renewables with the opportunity to purchase, or participate in the development of, renewable power generation facilities with stable, long-term, contracted cash flows. I understand I can unsubscribe from these updates at any time. TransAlta Corporation Announces Pricing of $200 Million TransAlta Renewables Initial Public Offering. Additional information on Upcoming Events, Reports, Shareholder Statistics & Contact Details. Not to alarm you, but you’re about to miss an important event. Director, Corporate Finance and Investor Relations Reserve your spot now!