TransAlta cancels wind power project over new government rules on development [Globe and Mail, The (Toronto, Canada)]
TransAlta Corporation Ordinary Shares (TAC)
Last transalta corporation ordinary shares earnings: 3/4 07:00 am
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Source: Globe and Mail, The
TransAlta increase CEO John Kousinioris says the 300-megawatt Riplinger project near Cardston in southern Alberta will no longer proceed. Kousinioris told a conference call to analysts that the reason for the decision is the provincial government's rules that create a buffer zone around protected areas and block development in what it calls pristine viewscapes. TransAlta is also placing three other developments on hold as the government goes through a redesign of the province's electricity market. It's the second setback this week for low-carbon energy generation in Alberta. CEO Avik Dey said the cost of the project was too high and the regulatory environment around it too uncertain to justify going ahead. Sign up for the Top Business Headlines: Morning Edition Newsletter. Stay in the know with the day's most important breaking business news. Explore newsletters Tickers mentioned in this story Study and track financial data on any traded entity: click to open the fu
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News
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- After losing 23% in the past year, TransAlta Corporation (TSE:TA) institutional owners must be relieved by the recent gain [Yahoo! Finance]Yahoo! Finance
- Avoid These 2 Stocks in 2024, But Consider Investing in This 1 Instead! [Yahoo! Finance Canada]Yahoo! Finance Canada
- TransAlta Corporation (NYSE:TAC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- TransAlta shelves wind farm and other projects citing rule changes in Alberta [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
TAC
Earnings
- 5/3/24 - Beat
TAC
Sec Filings
- 5/3/24 - Form 6-K
- 5/3/24 - Form 6-K
- 4/26/24 - Form 6-K
- TAC's page on the SEC website