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BULLETIN: TransAlta Corp. Ratings Unaffected By August's Loss Of Wabumun Merchant Output Aug 05
Standard & Poors, Aug 2005
Abstract
TORONTO (Standard & Poor's) Aug. 26, 2005--Standard & Poor's Ratings Services today said its ratings and outlook on the Alberta-based generator and energy trader TransAlta Corp. (TransAlta; BBB-/Stable/--) and its wholly owned subsidiary TransAlta Utilities Corp. (BBB-/Stable/--) are not affected by the lost opportunity to earn merchant revenues from its 279 MW Wabumun plant in August 2005. TransAlta was forced to shut down the plant on Aug. 3, 2005, due to a CN train derailment that resulted in an oil spill near the coal-fired plant's water intake. The company announced today that the impact to operating income could be as much as C$13 million. The ratings on TransAlta take into consideration the operating, credit, and market risk associated with the...
Companies mentioned in this report are: TransAlta Corp.,TransAlta Utilities Corp
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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