Trans Alta Profit Lower For Q3

摘要

Boosted by solid earnings, cash flow and power contract coverage as well as disciplined capital allocation, TransAlta Corporation managed to report slightly lower net earnings for the third quarter and nine months compared to 2007. TransAlta reported net earnings for the third quarter were $61 million compared to $66 million in 2007. But, cash flow from operations for the three months increased by $46 million to $202 million, due to higher cash earnings and an additional Alberta power purchase arrangement (PPA) payment. TransAlta said improvements in third-quarter gross margins were driven by lower planned outages at Alberta thermal generating operations and favourable contractual pricing in the province as well as the United States Pacific Northwest.