TransAlta Buys 310 MW Ontario Gas Portfolio for $95 Million

Reuters11-17

TransAlta Buys 310 MW Ontario Gas Portfolio for $95 Million

TransAlta Corporation has entered into a definitive agreement to acquire Far North Power Corporation and its business operations in Ontario from an affiliate of Hut 8 Corp. and Macquarie Equipment Finance Ltd. Far North operates four natural gas-fired generation facilities- Iroquois Falls (120 MW), Kingston (110 MW), North Bay (40 MW), and Kapuskasing (40 MW)-with a combined capacity of 310 megawatts. The purchase price is $95 million, approximately $306 per kilowatt, and will be financed using cash on hand and credit facilities. The acquisition is expected to immediately increase TransAlta's free cash flow and cash yield, with about 68% of the portfolio's gross margin contracted through 2031. The transaction is anticipated to close by early first quarter of 2026, pending customary closing conditions and regulatory approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TransAlta Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001171843-25-007364), on November 17, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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ID: 0001171843-25-007364), on November 17, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4595","symbol_name":"比特币概念","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251117:nNDL2h45Wc:1","article_id":"2584647603","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2584647603","pubTimestamp":1763379041,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"TransAlta Corporation has entered into a definitive agreement to acquire Far North Power Corporation and its business operations in Ontario from an affiliate of Hut 8 Corp. and Macquarie Equipment Finance Ltd. Far North operates four natural gas-fired generation facilities- Iroquois Falls , Kingston , North Bay , and Kapuskasing -with a combined capacity of 310 megawatts. The purchase price is $95 million, approximately $306 per kilowatt, and will be financed using cash on hand and credit facilities. The acquisition is expected to immediately increase TransAlta's free cash flow and cash yield, with about 68% of the portfolio's gross margin contracted through 2031. 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