TransAlta profits, plans wind farm

Power generator TransAlta Corp. (TSX:TA) has reported a first-quarter net profit of $42 million, up from $33 million a year earlier, although earnings excluding one-time factors declined to $36 million from $99 million as electricity output sagged eight per cent.

Power generator TransAlta Corp. (TSX:TA) has reported a first-quarter net profit of $42 million, up from $33 million a year earlier, although earnings excluding one-time factors declined to $36 million from $99 million as electricity output sagged eight per cent.

TransAlta also announced Tuesday it plans to spend $135 million on a 72-megawatt wind power project near Fort Macleod in southern Alberta.

Construction of the Ardenville wind farm is to start early next year, with commercial operation expected in early 2011.

The Ardenville wind project, budgeted to cost $1,875 per kilowatt, involves construction of 23 three-megawatt turbines and the acquisition of an existing three-megawatt machine.

The total capacity of 72 megawatts is described as sufficient to power approximately 28,000 homes.

“Ardenville is an excellent wind project with returns that exceed our hurdle rate and a relatively fast payback period,” Snyder stated.

Just Posted

Red Deer city council to consider starting a bike registry this spring or summer

Coun. Buck Buchanan suggested it would help police return recovered stolen property

Complaints about Michener Hill apartment revealed at Red Deer rezoning discussion

More details will be heard at a public hearing on April 15

Rimbey-area landowner believes earthquake damaged his electricity supply

Underground line was damaged at same time quake hit, says landowner

Open call for musicians to play Ross Street Patio Parties in Red Deer

The City of Red Deer is inviting musicians from various different cultural… Continue reading

Rocky Mountain House citizens recognized in awards show

Mayor’s Recognition Awards handed out in ceremony last Friday

WATCH: Celebrating francophone Canadians at the 10th annual Red Deer Winter Carnival

The event was hosted by the Red Deer region of the French-Canadian Association of Alberta Saturday

Family: Time to shed winter clothes and inhibitions

It has been a long, crazy cold winter. But, if the thermometer… Continue reading

Chelsea Carey rink registers two wins at world women’s curling event

SILKEBORG, Denmark — Canada’s Chelsea Carey rebounded nicely Sunday at the world… Continue reading

Canadian Bianca Andreescu has her first WTA title, winning BNP Paribas Open

INDIAN WELLS, Calif. — Canadian Bianca Andreescu has her first WTA title.… Continue reading

‘Captain Marvel’ soars even higher with stellar 2nd weekend

LOS ANGELES — “Captain Marvel” has continued to dominate the global box… Continue reading

Budget to focus on affordable housing changes on supply, demand, regulation

OTTAWA — The Trudeau government will take steps in Tuesday’s federal budget… Continue reading

Kenney lieutenant denies running ‘puppet’ candidate in party leadership race

EDMONTON — The staffer at the centre of a spreading scandal over… Continue reading

RCMP find ammunition, machete after searching for ATV reported stolen

FROG LAKE, Alta. — Police say they found 600 rounds of ammunition… Continue reading

Most Read