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Article: TransAlta holds Annual Investor Day Conference; - Forecasts growth in earnings and cash flow in 2010 - Forced outage rates at Alberta coal plants declining following accelerated major maintenance - Strategy in place to drive operational performance, green the portfolio and reposition coal - Blue Trail wind farm online ahead of schedule and on-budget - Balance sheet remains strong; credit ratios well supported by highly contracted cash flows.
- Article from:
- Marketwire Canada
- Article date:
- November 6, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CALGARY, ALBERTA, Nov 6, 2009 (Marketwire via COMTEX) -- TransAlta Corporation (TSX:TA) (NYSE:TAC) held its annual Investor Day Conference in Toronto today where its executive leadership team provided investors with a comprehensive review of its financial outlook for 2009 to 2012.
"In 2009, TransAlta tackled the operational challenges in our Alberta coal facilities, accelerated the growth of our renewable energy portfolio and deepened our development pipeline, recontracted our Sarnia natural gas facility, and made significant strides along the path to reduce our carbon footprint," said Steve Snyder, president and chief executive officer. "These initiatives are the ...