TransAlta to Acquire Heartland Generation from Energy Capital Partners at a Reduced Price of $542 Million
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TransAlta has agreed to acquire Heartland Generation from Energy Capital Partners at a reduced price of $542 million. The transaction includes a $232 million debt assumption and is expected to be highly accretive to free cash flow. The acquisition will add 1,747 MW of capacity to TransAlta's portfolio, enhancing its position in the Alberta electricity market.
November 14, 2024 | 12:15 pm
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TransAlta's acquisition of Heartland Generation for $542 million is expected to be highly accretive to free cash flow and enhance its competitive position in the Alberta electricity market.
The acquisition is expected to be highly accretive to TransAlta's free cash flow and will add significant capacity to its portfolio, enhancing its competitive position in the Alberta electricity market. The deal includes a favorable economic adjustment and is underpinned by long-term contracted revenues.
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