TransAlta Corp. is taking steps to reposition itself after another weak year, but a long list of problems continues to dog Canada’s largest publicly traded power generator, including allegations that it manipulated power prices in Alberta.
Low prices, higher costs and unplanned outages in the coal-fired, power-generation sector, as well as disappointing returns in 2013, formed the first part of TransAlta’s poor start to 2014.
Now a three-year dispute with Alberta’s power-market watchdog about allegations of price manipulation has gone public, creating another element of uncertainty for the Calgary-based producer of electricity and renewable energy.
Kelly Cryderman – Globe and Mail – March 9, 2014.
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