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BULLETIN: TransAlta Corp. and Subsidiary Ratings Neutral on Coal Plant Shutdowns Jan 05
Standard & Poors, Jan 2005
Abstract
TORONTO (Standard & Poor's) Jan. 5, 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 planned retirement of two Wabumun merchant generating units that represent about 2% of the company's generating capacity in the Alberta market, which is primarily contracted. Although TransAlta's merchant exposure at the Wabumun plant has decreased to 279 megawatts (MW) from 398 MW as of Dec. 31, 2004, the effect is credit neutral because the company's merchant electricity exposure in the Alberta market will increase by 225 MW when the new coal-fired Genesee 3 merchant unit comes into service...
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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