SOURCE: Industrial Info Resources

Industrial Info Resources

April 15, 2016 07:30 ET

TransCanada Ends Coal-Fired PPAs as Alberta Targets Coal Plants for Closure, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Apr 15, 2016) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- TransCanada Corporation (NYSE:TRP) (Calgary, Alberta) last month terminated three power-purchase agreements (PPAs) with coal-fired power plants in Calgary following that province's decision last November to phase out coal-fired power generation by 2030. The PPAs, which totaled about 1,678 megawatts (MW), were with the Sheerness, Sundance A and Sundance B power stations. Units of TransAlta Corporation (NYSE:TAC) (Calgary) own the Sundance stations and 50% of the Sheerness plant. The other 50% of Sheerness is owned and operated by a subsidiary of ATCO Limited (TSX:ATC.X) (Calgary).

Within this article: Discusses the termination decision in context of the provincial elections last May, which were won by the New Democratic Party (NDP).

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