Transalta Completes Purchase of Mega
Gateway To North America's Electrical Industry -
Calgary, AB. -- TransAlta has announced it will acquire the remaining 50 per cent interest of Merchant Energy Group of the Americas (MEGA) from Gener S.A. for approximately $2 million US, pending regulatory approval.
TransAlta has filed the application for regulatory approval, which is expected to take about 45 days. This will give TransAlta full ownership of the U.S.-based company. In June 2000, TransAlta acquired its original 50 per cent position in MEGA as a platform for growth in gas-fired power generation in the U.S. MEGA was established in 1998 and is based in Annapolis, Maryland.
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“We want to ensure Columbia basin communities are consulted, kept informed and have their voices heard,” said provincial cabinet minister Katrine Conroy via a press release announcing meetings this month in Castlegar, Golden, Revelstoke, Nakusp, Nelson and other communities.
As well as having cabinet responsibility for the talks, Conroy’s Kootenay West riding includes several places that were inundated under the terms of the 1964 flood control and…
