Transalta Corp. (TAC) Issues 2017 Outlook

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Go back to Transalta Corp. (TAC) Issues 2017 Outlook

TransAlta Corporation Announces 2017 Outlook

December 19, 2016 5:02 PM EST

CALGARY, ALBERTA -- (Marketwired) -- 12/19/16 -- TransAlta Corporation ("TransAlta" or the "Corporation") (TSX: TA)(NYSE: TAC) announced today that it is confirming its 2016 outlook and releasing its outlook for 2017. Although the Alberta power market is expected to remain over supplied in 2017, the Corporation expects to deliver Comparable FCF(1) in the range of $300 million to $365 million which is expected to be approximately $50 million to $65 million better than its 2016 guidance.

The Corporation will release its fourth quarter and annual 2016 results on March 3, 2017 but is confirming today that its 2016... More