TransAlta Renewables Inc.

TransAlta Renewables Inc.

October 31, 2013 16:55 ET

TransAlta Renewables Inc. Announces Correction to Dividend Press Release

CALGARY, ALBERTA--(Marketwired - Oct. 31, 2013) - In the news release dated October 29, 2013, TransAlta Renewables Inc. ("TransAlta Renewables") (TSX:RNW) declared a monthly cash dividend of $0.06250 per common share payable on January 31, 2014. Today the company clarified that the record date is January 2, 2014, not January 2, 2013, as was indicated in the original press release. The payment date of January 31, 2014, as noted in the original press release, is correct.

All currency is expressed in Canadian dollars except where otherwise noted.

About TransAlta Renewables

TransAlta Renewables has been formed to own a portfolio of renewable power generation facilities. TransAlta Renewables' objective is to (i) create stable, consistent returns for investors through the ownership of contracted renewable power generation assets that provide stable cash flow through long-term power purchase agreements with creditworthy counterparties, including TransAlta; (ii) pursue and capitalize on strategic growth opportunities in the renewable power generation sector; and (iii) pay out a portion of cash available for distribution to the shareholders of TransAlta Renewables on a monthly basis. TransAlta Renewables owns 28 wind and hydroelectric power generation facilities, having an aggregate installed generating capacity of 1,234 MW, in which it holds a net ownership interest of approximately 1,112 MW. TransAlta Renewables' power generating capacity is among the largest of any publicly-traded renewable independent power producer ("IPP") in Canada, with more wind power generating capacity than any other Canadian publicly-traded IPP. TransAlta Renewables' strategy is focused on the efficient operation of its portfolio of renewable power generation assets and expanding its asset base through the acquisition of additional renewable power generation facilities in operation or under construction.

Contact Information

  • Investor inquiries:
    TransAlta Renewables Inc.
    Brent Ward
    Director, Corporate Finance and Investor Relations
    1-800-387-3598 in Canada and U.S.

    Media inquiries:
    TransAlta Renewables Inc.
    Stacey Hatcher
    Senior Corporate Relations Advisor
    Cell: 587-216-2242 or Toll-free media number: 1-855-255-9184
    Alternate local number: 403-267-2540