(TA) TransAlta - Ratings and Ratios

TransAlta Corporation is a leading developer, producer, and distributor of electric energy, operating across multiple segments including Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing. The Hydro segment manages 922 MW of hydroelectric capacity in Alberta, British Columbia, and Ontario. The Wind and Solar segment owns 2,057 MW of wind, solar, and battery storage assets across Canada, the U.S., and Western Australia. The Gas segment operates 2,775 MW of gas-fired generation in Alberta, Ontario, Michigan, and Western Australia. The Energy Transition segment includes 671 MW of coal-fired capacity and the Skookumchuck hydro facility, along with mining and reclamation activities. The Energy Marketing segment trades power, natural gas, and environmental products to diverse industries such as commercial real estate, municipalities, manufacturing, and oil and gas. Founded in 1909 and headquartered in Calgary, TransAlta is a cornerstone of Canadas energy infrastructure.

The companys strategic focus on renewable energy and energy transition positions it to benefit from global decarbonization trends. Its diversified portfolio spans conventional and renewable sources, with a growing emphasis on wind, solar, and battery storage. TransAltas extensive operations in Canada, the U.S., and Australia provide geographic diversification, reducing regional market risks. The firms long-term contracts and regulated assets offer stability, while its energy marketing segment adds liquidity and flexibility to its operations.