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TransAlta stops mine operations at Centralia, switches to Powder River Basin coal, and announces intention to write-down Centralia gas-fired plant.

Publication: M2 Presswire
Publication Date: 28-NOV-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-28 November 2006-Upward Momentum: TransAlta stops mine operations at Centralia, switches to Powder River Basin coal, and announces intention to write-down Centralia gas-fired plant(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:28112006

TransAlta (TSX: TA.TO) is a power generation and wholesale marketing company focused on creating long-term shareholder value. We maintain a low-risk profile by operating a highly contracted portfolio of assets in Canada, the United States, Mexico and Australia.

Share are up .61% reaching a high of $24.68 on a volume of over 600,000. Today's Momentum came in as TransAlta Corporation (TSX:TA.TO) announced it will immediately stop mining at its Centralia, Wash. coal mine. Agreements are in place to purchase and transport coal...

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