TransAlta (TSE:TA) has released an update.
TransAlta has reported robust third-quarter results for 2024, driven by proactive hedging and strategic asset management, despite lower Alberta spot power prices. The company is advancing its acquisition of Heartland Generation and plans to mothball Sundance 6 temporarily, showcasing its adaptability to market conditions. With a strong free cash flow and shareholder returns through share buybacks, TransAlta remains optimistic about meeting its financial guidance for the year.
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