Mergers & Acquisitions ·
TransAlta acquires Mountain Peak and Canyon Peak for US$1B, declares $0.07 dividend
TRNTFTransalta Corp
TransAlta closed the acquisition of Mountain Peak Power and Canyon Peak Power, two fully contracted natural gas-fired peaking facilities totaling 318 MW near Denver, Colorado, from an indirect subsidiary of Blackstone, Inc., for a purchase price of US$1 billion, including the assumption of US$750 million in project debt. The transaction was funded using proceeds from a June public offering of common shares and cash on hand. Additionally, the Board approved a quarterly dividend of $0.07 per common share payable January 1, 2027. TransAlta is one of Canada’s largest publicly traded power generators with operations across Canada, the United States, and Western Australia.