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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Background of the Incident
The power supply disconnections by AEML were reportedly due to non-payment of electricity bills by the affected households. This action, although necessary under AEML's policies and in accordance with regulatory guidelines, has raised concerns about the impact on residents, particularly during challenging economic times.
Reasons for Non-Payment
Non-payment of electricity bills can stem from various reasons, including financial hardships, disputes over billing accuracy,…
