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TransAlta
TransAlta

Energy / Electricity Generation and Distribution

At a Glance | Core Facts | Company Due Diligence | Industry Due Diligence | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview
TransAlta is a Canadian electricity generation and marketing company operating in Canada, the United States, and Australia. It was founded in 1909 as Calgary Power and has since grown to become one of Canada's largest publicly-traded power producers. The company is headquartered in Calgary, Alberta and has approximately 2,300 employees.
TransAlta operates a diverse portfolio of power generating facilities, including coal, natural gas, hydro, wind, and solar. They also have a focus on developing clean energy solutions, such as carbon capture and storage technology. In addition to electricity generation, TransAlta also provides energy trading and marketing services to customers.
The company is committed to reducing its carbon footprint and has set a goal to be carbon neutral by 2050. TransAlta has also been recognized for its focus on sustainability and environmental responsibility, and is a member of various organizations dedicated to promoting clean energy and reducing greenhouse gas emissions.
TransAlta is listed on the Toronto Stock Exchange and the New York Stock Exchange, under the ticker symbol TA. The company has a diversified customer base, including industrial, commercial, and residential users, and provides power to over 2 million customers. TransAlta's revenue in 2020 was approximately $1.8 billion.
What is special about the company?
TransAlta is a leading, clean electricity generation and energy marketing company based in Calgary, Alberta, Canada. It operates a diverse portfolio of assets across Canada, the United States, and Australia, including hydro, wind, gas, and coal-fired power plants.
Some key characteristics that make TransAlta a unique and noteworthy company include:
1. Strong focus on clean energy: TransAlta has a strong commitment to transitioning to cleaner and more sustainable energy sources. It has invested in wind, hydro, and solar projects, and continuously seeks to reduce its carbon footprint.
2. Leading role in the energy transition: TransAlta is a pioneer in the energy transition, developing and implementing innovative technologies to help reduce greenhouse gas emissions and address climate change.
3. Diverse portfolio of energy assets: TransAlta's diverse portfolio of energy assets, including hydro, wind, gas, and coal generation, helps ensure reliable and affordable electricity supply.
4. Strong customer partnerships: The company has built strong partnerships with its customers, providing them with reliable and cost-effective energy solutions.
5. Commitment to sustainability: TransAlta is committed to sustainability, focusing on reducing water use, managing waste, and promoting biodiversity conservation.
6. Investment in research and development: The company invests in research and development to improve efficiency, reduce emissions, and develop new clean energy technologies.
7. Strong financial performance: TransAlta has a track record of strong financial performance, with a stable cash flow and a strong balance sheet.
8. Corporate social responsibility: The company is committed to being a responsible corporate citizen, supporting the communities where it operates through various initiatives and programs.
In summary, TransAlta stands out as a leader in the energy industry, with its efforts towards clean energy, innovation, sustainability, and corporate social responsibility.
What the company's business model?
TransAlta is a Canadian power generation and energy company that operates in the electricity and natural gas industries. Its primary business model involves owning and operating various power plants, including thermal, hydro, wind, and solar facilities, to produce and sell electricity. The company also owns and operates natural gas pipelines and storage facilities.
TransAlta sells the electricity it produces to various customers, including industrial, commercial, and residential users, through long-term power purchase agreements or on the wholesale market. The company also offers energy management and consulting services to help customers reduce their energy consumption and costs.
In addition to its power generation operations, TransAlta engages in energy trading and marketing activities to optimize its energy portfolio and manage market risk. The company also invests in renewable energy projects, such as wind and solar farms, to diversify its power generation portfolio and support sustainable energy practices.
Overall, TransAlta's business model is focused on providing reliable and affordable energy solutions to meet the needs of its customers, while also staying competitive in the energy market and promoting sustainable energy practices.
Interesting facts about the company
1. TransAlta is a Canadian-based electricity generation, transmission, and distribution company.
2. The company was founded in 1911 as the Calgary Power Company, and was originally focused on providing electricity to the city of Calgary.
3. In 1981, the company changed its name to TransAlta Corporation and expanded its operations to other provinces in Canada.
4. TransAlta has assets in Canada, the United States, and Australia, and is one of the largest electricity generators in Canada.
5. The company operates a diverse portfolio of power generation facilities, including coal-fired, natural gas, hydro, wind, and solar power plants.
6. TransAlta was the first Canadian utility company to voluntarily commit to reducing its greenhouse gas emissions in 2000, and has since reduced its emissions by over 40%.
7. In 2016, TransAlta announced its plan to phase out coal-fired power generation and transition to clean energy sources by 2030.
8. The company was the first in North America to provide long-term renewable energy contracts to industrial customers in 2000.
9. TransAlta has been recognized for its environmental and social sustainability efforts, including being named to the Dow Jones Sustainability North America Index and the Carbon Disclosure Project’s Global 500 Climate Disclosure Leadership Index.
10. In addition to its electricity generation and distribution operations, TransAlta is also involved in oil and gas exploration and production through its subsidiary, TransAlta Oil and Gas.
11. The company has faced controversy in the past for its environmental practices, including a 2019 lawsuit over water pollution from a coal-fired power plant in Washington State.
12. TransAlta has also faced criticism for its political donations, with some accusing the company of using its financial influence to advance its own interests.
13. The company has over 2,500 employees and its headquarters are located in Calgary, Alberta, Canada.
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