Transalta reports fourth quarter and full year 2018 results hp gas online login


TransAlta Corporation (TransAlta or the Company) ( TA.TO) ( TAC) today reported strong financial and operating performance for 2018, including the highest free cash flow (FCF) in recent years. During the year, the Company successfully executed on its strategy to advance the coal-to-gas conversions, further strengthened its balance sheet, and grew TransAlta Renewables.

2018 saw strong financial, operational and safety results across TransAlta, thanks to the skill and tenacity of all our people. said Dawn shale gas in spanish Farrell , President and Chief Executive Officer. 2019 is an exciting year for us, as we focus on delivering strong financial results for shareholders. Our strategy is simple. We are going to convert coal to gas, realize the full value of our hydro assets, and grow TransAlta Renewables. The execution steps to make this strategy a reality are well known, in place and tracking to our plan.

During 2018, we reduced our net debt by approximately $220 million to $3.1 billion . We continued to restructure our debt profile with the repayment of the US$500 million senior notes and the early redemption of our $400 million debenture due in 2019 with the electricity grid code proceeds from our off-coal bond offering of approximately $345 million . As a result, we are ahead of plan in strengthening our balance sheet.

TransAlta is on-track to meet the financial targets defined in its outlook with a continued focus on strengthening the balance sheet, ensuring the value of the Alberta portfolio is realized, and making strategic investments in renewables. At the same time, a key priority for the team is to move the Company closer to 100% clean power by 2025.

• On January 25, 2019 , the Company announced the retirement decisions of Timothy Faithfull and Ambassador Gordon Giffin . Earlier in 2018, Mr. Faithfull had indicated to the Board his intention to retire from the Board of Directors c gastronomie mariage immediately following TransAlta’s 2019 Annual Shareholder Meeting and, also in 2018, Ambassador Gordon Giffin announced his intention to retire as director and Board Chair in 2020. The Board is undertaking a process to identify a new Chair through the course of 2019.

TransAlta will hold an extended conference call and webcast at 9:00 a.m. MST (11:00 a.m. EST) today, February 27, 2019 , to discuss our fourth quarter and full year 2018 results. The call will begin with a short address by Dawn Farrell , President and CEO, Brett Gellner , Chief Strategy and Investment Officer, and Christophe Dehout, Chief Financial Officer, followed by a question and answer period for investment analysts and investors. A question and answer period for the media will immediately follow. Please contact the conference operator five minutes prior to the call, noting TransAlta Corporation as the company and Sally Taylor as moderator.

A link to the live webcast will gasco abu dhabi contact be available on the Investor Centre section of TransAlta’s website at If you are unable to participate in the call, the instant replay is accessible at 1-855-859-2056 ( Canada and USA toll free) with TransAlta pass code 5009309 followed by the # sign. A transcript of the broadcast will be posted on TransAlta’s website once it becomes available.

These items are not defined under IFRS. Presenting these items from period to period provides management and investors with the ability to evaluate earnings trends more readily in comparison with prior static electricity online games periods’ results. Refer to the Comparable Funds from Operations and Comparable Free Cash Flow and Earnings and Other Measures on a Comparable Basis sections of the Company’s MDA for further discussion of these items, including, where applicable, reconciliations to measures calculated in accordance with IFRS.

TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada , the United States and Australia with a focus on long-term shareholder value. We provide municipalities, medium and large industries, businesses and utility customers clean, affordable, energy efficient, and reliable power. Today, we are one of Canada’s largest producers of wind power and Alberta’s largest producer of hydro-electric power. For over 100 years, TransAlta has been a responsible operator and a proud community-member where its employees work and live. TransAlta aligns its corporate goals with the UN Sustainable Development Goals and we have been recognized by CDP (formerly Climate Disclosure Project e gaskell north and south) as an industry leader on Climate Change Management. We are also proud to have achieved the Silver level PAR (Progressive Aboriginal Relations) designation by the Canadian Council for Aboriginal Business.

This news release contains forward looking statements, including statements regarding the business and anticipated financial performance of the Company that are based on the Company’s current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In some cases, forward-looking statements can be identified by terminology such as plans, expects, proposed, will, anticipates, develop, continue, and similar expressions suggesting future events or future performance. In particular, this news release contains forward looking statements including, without limitation, statements pertaining to TransAlta’s business and anticipated future financial performance; progress on strengthening our balance sheet and meeting our financial targets defined in our outlook; our expected strategies and opportunities, including our strategy to be 100% clean power by 2025; key priorities in 2019 and ability to execute on such priorities, including maintaining ourselves as a leader in safety and environmental performance, extending the value creation of our coal plants by positioning coal-to-gas conversions to compete in the future Alberta market, evaluating strategic investments in renewable assets, continuing to realize the full value of our hydro assets save electricity images, achieving financial and operational targets, and driving additional efficiencies throughout chapter 7 electricity test the organization. These forward-looking statements are not historical facts but are based on TransAlta’s belief and assumptions based on information available at the time the assumptions were made, including, but not limited to, the current political and regulatory environment, the price of power in Alberta and the condition of the finnaical markets. These statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those contemplated by the forward-looking statements. Some of the factors that could cause such differences include: operational risks involving our facilities; changes in market prices where we operate; unplanned outages at generating facilities and the capital investments required; equipment failure and our ability to carry out repairs in a cost effective and timely manner; the effects of weather; disruptions in the source of fuels, water or wind required to operate our facilities; energy trading risks; failure to obtain necessary regulatory approvals in a timely fashion; negative impact to our credit ratings; legislative or regulatory developments and their impacts, including as it pertains to the capacity market being developed in Alberta ; increasingly stringent environmental requirements and their impacts; increased competition; global capital markets activity (including our ability to access financing at a reasonable cost); changes in prevailing interest rates; currency exchange rates; inflation levels and commodity prices; general economic conditions in the geographic la gas areas where TransAlta operates; disputes or claims involving TransAlta or TransAlta Renewables, including those pertaining to South Hedland and Solomon Power Stations; and other risks and uncertainties discussed in the Company’s materials filed with the Canadian securities regulatory authorities from time to time and as also set forth in the Company’s MDA and Annual Information Form for the year ended December 31, 2018. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect TransAlta gas density of air’s expectations only as of the date of this news release. The financial outlook that is contained in this news release was approved on February 27, 2019 and is being provided for the purpose of giving the reader information about management’s current expectations and plans. TransAlta disclaims any intention or obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.