Impact: Positive. The Company reported a solid first quarter with EBITDA of $114 mm (FCC: $103 mm) and cash available for distribution (CAFD) of $82 mm (FCC: $76 mm). In the quarter, TransAlta Renewables acquired an economic interest in certain of TransAlta Corporation’s assets in Ontario and Quebec. The Company’s South Hedland power project continues to advance and is expected to be completed on schedule and on budget in mid-2017. TransAlta Renewables has left its FY2016 guidance unchanged, wi ....
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Reports 1Q16; Beats Estimates
- Published:
29 Apr 2016 -
Author:
Steven I. Paget -
Pages:
5
Impact: Positive. The Company reported a solid first quarter with EBITDA of $114 mm (FCC: $103 mm) and cash available for distribution (CAFD) of $82 mm (FCC: $76 mm). In the quarter, TransAlta Renewables acquired an economic interest in certain of TransAlta Corporation’s assets in Ontario and Quebec. The Company’s South Hedland power project continues to advance and is expected to be completed on schedule and on budget in mid-2017. TransAlta Renewables has left its FY2016 guidance unchanged, wi ....