NFPA 70E Training
Our customized live online or in‑person group training can be delivered to your staff at your location.
- Live Online
- 6 hours Instructor-led
- Group Training Available
TransAlta, which announced the sale to a new consortium called AltaLink last July, said it would record a gain of C$100 million, or 59 Canadian cents a share.
The company has shed several non-generating operations in recent years to focus on its coal- and gas-fired power plants in Canada, the western United States and Mexico.
AltaLink comprises Canadian engineering and construction company SNC-Lavalin Group Inc., independent U.S. transmission firm Trans- Elect Inc., the powerful Ontario Teachers' Pension Plan Board and Australian investment bank Macquarie Group.
All are new entrants into the western Canadian province's recently deregulated electricity sector.
The sale of the unit, which includes 11,600 km (7,200 miles) of high-voltage lines, 260 substations and 250 workers, had required regulatory approval.
Shares in TransAlta were unchanged at $22.22 in Toronto Monday.
Related News
Energy minister unveils Ontario's plan to address growing energy needs
Tariff Threats Boost Support for Canadian Energy Projects
"Kill the viability": big batteries to lose out from electricity grid rule change
BC Hydro rates going up 3 per cent
Electricity subsidies to pulp and paper mills to continue, despite NB Power's rising debt
US Electricity Market Reforms could save Consumers $7bn
Sign Up for Electricity Forum’s Newsletter
Stay informed with our FREE Newsletter — get the latest news, breakthrough technologies, and expert insights, delivered straight to your inbox.
Electricity Today T&D Magazine Subscribe for FREE
- Timely insights from industry experts
- Practical solutions T&D engineers
- Free access to every issue