TAMA Transmission - Enters Alberta to bid on the Fort McMurray West
CALGARY, ALBERTA -- (Marketwired) -- 05/09/13 -- TransAlta
Corporation (TSX:TA) (NYSE:TAC) and MidAmerican Transmission today
announced the creation of a new strategic partnership, TAMA
TAMA Transmission combines TransAlta's strength in power generation
and long operating history in Alberta, with MidAmerican
Transmission's and its parent company MidAmerican Energy Holdings
Company's success and vast experience in transmission development,
construction, operations and maintenance in North America. The
creation of TAMA Transmission builds on an existing successful
relationship with the TAMA Power partnership.
"TransAlta's core market is Alberta, where we've supplied electricity
to wholesale and retail customers for over a hundred years. By
combining our home market expertise with MidAmerican's superb
construction management and operating skills, we believe we can win
the right to serve Albertans with competitive, low-cost and reliable
transmission infrastructure," said Dawn Farrell, TransAlta president
This announcement signals TAMA Transmission's intention to
participate in the Alberta Electric System Operator's competitive bid
process to become the developer, owner and operator of the Fort
McMurray West Transmission Project. The project is being developed to
support Alberta's critical transmission infrastructure.
"MidAmerican Transmission, through this new Canadian partnership,
looks forward to the opportunity to participate in this process to
help unlock the significant value the Fort McMurray West Transmission
Project can bring to Alberta. We are well-positioned to provide
cost-effective transmission solutions to customers based on our
experience with delivering large complex projects into service on
time and within budget commitments," said Greg Abel, MidAmerican
Energy Holdings Company chairman, president and CEO.
Development of the Fort McMurray West Transmission Project is
necessary to meet the growth of that area of the province, and will
also help oil sands development, one of the big contributors to
Alberta's and Canada's economies, to continue at pace. The
competitive process gives new players, like TAMA Transmission, a fair
rtunity to enter the transmission market. The process also brings
competitive pressures to bear on transmission costs and helps ensure
the project's timely completion.
Cynthia Johnston will serve as the president of TAMA Transmission.
Ms. Johnston has 27 years of electric industry experience in Alberta,
including senior executive roles at TransAlta and FortisAlberta Inc.
To view the backgrounder associated with this release, click the
following link: http://media3.marketwire.com/docs/ta_bg.pdf
TransAlta has been operating in Alberta for over 100 years and helped
build and operate Alberta's original transmission infrastructure. As
an area where TransAlta already has expertise, transmission is a
natural fit with its operating model. Learn more about TransAlta at
TransAlta is a power generation and wholesale marketing company
focused on creating long-term shareholder value. TransAlta maintains
a low-to-moderate risk profile by operating a highly contracted
portfolio of assets in Canada, the United States and Australia.
TransAlta's focus is to efficiently operate geothermal, wind, hydro,
natural gas and coal facilities in order to provide customers with a
reliable, low-cost source of power. For over 100 years, TransAlta has
been a responsible operator and a proud contributor to the
communities in which it works and lives. TransAlta has been selected
by Jantzi-Sustainalytics as one of Canada's Top 50 Socially
Responsible Companies since 2009 and is recognized globally for its
leadership on sustainability and corporate responsibility standards
by FTSE4Good. TransAlta is Canada's largest investor-owned renewable
MidAmerican Transmission, a wholly owned subsidiary of MidAmerican
Energy Holdings Company, based in Des Moines, Iowa, is engaged in the
development of electric transmission facilities. MidAmerican
Transmission has invested in transmission in several regions in the
U.S. and is evaluating opportunities to further develop electric
transmission facilities in organized and traditional markets in the
U.S. and Canada. Additional information about MidAmerican
Transmission is available at www.midamericantransmission.com.
Through its subsidiaries, MidAmerican Energy Holdings Company
provides electric and natural gas service to more than 7 million
customers worldwide, operates an extensive 18,000-mile electric
transmission system, a natural gas local distribution system, and
interstate natural gas pipeline systems totaling nearly 17,000 miles.
Learn more at www.midamerican.com.
This news release may contain forward-looking statements, including
statements regarding the business and anticipated financial
performance of TransAlta Corporation. These statements are based on
TransAlta Corporation's belief and assumptions based on information
available at the time the assumption was made. These statements are
subject to a number of risks and uncertainties that may cause actual
results to differ materially from those contemplated by the
forward-looking statements. Some of the factors that could cause such
differences include legislative or regulatory developments and
general economic conditions in geographic areas where TransAlta
TransAlta Corporation - Media inquiries:
Senior Corporate Relations Advisor
Toll Free Media Number: 1-855-255-9189
Media Relations Manager
TransAlta Corporation - Investor inquiries:
Director, Corporate Finance and Investor Relations
1-800-387-3598 in Canada and U.S.
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