Transalta And Midamerican Form Strategic Alliance
CALGARY - -- TransAlta and MidAmerican Energy Holdings Company have announced they have formed a strategic alliance to develop, build and operate coal, gas and hydro generation assets in target markets throughout North America and Mexico.
The degree of financial ownership and the operating partner on each project will be determined on a case-by-case basis, with the long-term objective that both companies are equal participants in the strategic alliance.
"The strategic value of this alliance between TransAlta and MidAmerican will enable both companies to expand their asset base," said Steve Snyder, TransAlta president and CEO. "There are obvious benefits to the joint development of power projects through broader relationships with suppliers, efficiencies in project design and construction, economies of scale and greater diversification of project risks."
"We view this as an opportunity to join with an experienced and successful company which brings a complementary presence to MidAmerican in key markets and accelerates our planned development of power projects in North America," said Greg Abel, MidAmerican president.
TransAlta and MidAmerican bring decades of experience in the successful development and operation of generation assets in North America. Both companies have aggressive strategies to grow their generation businesses in Canada, United States and Mexico.
MidAmerican Energy Holdings Company, headquartered in Des Moines, Iowa, USA, is a privately owned global energy provider. The company has 9,600 employees and provides electric and natural gas service to approximately three million customers. The company has approximately 10,000 net megawatts of diversified power generation under ownership, contract and in operation, construction and advanced development. Information on MidAmerican and its three principal business platforms, CalEnergy Generation, MidAmerican Energy and Northern Electric and Gas, is available on the Internet at www.midamerican.com.
Related News
BC Hydro Rates to Rise by 3.75% Over Two Years
VANCOUVER - British Columbia's electricity rates will experience a 3.75% increase over the next two years, as confirmed by the provincial government on March 17, 2025. The announcement was made by Minister of Energy and Climate Solutions, Adrian Dix, who emphasized the decision's necessity for maintaining BC Hydro’s infrastructure while balancing affordability for residents.
For most households, the increase will amount to an additional $3.75 per month, based on an average BC Hydro bill of $100. While this may seem modest, the increase reflects a broader strategy to stabilize the utility's rates amidst economic challenges and ensure long-term energy security…
