TransAlta Acquires Heartland Generation for $542 Million

TransAlta (TSE:TA) has released an update.

TransAlta has agreed to acquire Heartland Generation from Energy Capital Partners for a reduced price of $542 million, which includes taking on $232 million of low-cost debt. This acquisition will diversify and enhance TransAlta’s portfolio by adding 1,747 MW of generation capacity, improving its competitive position in the Alberta electricity market.

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