TransAlta Reports In-Line 3Q and Plans to Exercise 50% Ownership Option for Tidewater Gas Pipeline
We are reaffirming our fair value estimate of CAD 7.30 per share after TransAlta reported 2018 third-quarter comparable adjusted EBITDA of CAD 249 million, in line with the same period last year.Alberta power prices continue to have a favorable impact on TransAlta's hydro plants. Spot electricity prices were strong in the recently ended quarter, averaging CAD 55 per MWh versus CAD 25 per MWh in the same period last year. TransAlta's hydro comparable EBITDA was CAD 26 million versus CAD 19 milli...
TransAlta and its subsidiaries are engaged in the production and sale of electric energy. Co. has 3 segments: the Generation segment which owns and operates hydro, wind, geothermal, biomass, natural gas and coal-fired facilities, and mining operations; the Energy Trading segment which is engaged in the wholesale trading of electricity ; and the Corporate segment which provides finance, tax, treasury, legal, regulatory, environmental, health and safety, sustainable development, corporate communications, government and investor relations, information technology, risk management, human resources, internal audit, and other administrative support to the Generation and Energy Trading groups.
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