TransAlta receives approval of power purchase agreement by Washington State TransAlta announced that the Washington Utilities and Transportation Commission issued a decision approving, with conditions, a long-term power purchase agreement between Puget Sound Energy, or PSE, and TransAlta's subsidiary TransAlta Centralia Generation for the Centralia, Washington power plant. PSE has ten days from the date of the order to petition for reconsideration or relief of the terms under the order. The proposed agreement would permit PSE to purchase an average 346 megawatts of coal transition power from TransAlta's Centralia power plant.
TransAlta sees FY15 outlook in line with FY14 TransAlta targets comparable EBITDA and FFO for 2015 in the range of C$1B-C$1.04B and C$720M-C$770M respectively based on the current outlook for power prices in Alberta and the Pacific Northwest. Sustaining capital expenditures are expected to be in the range of C$310M-C$340M which includes three major maintenance turnarounds for TransAlta operated units in the Canadian Coal fleet. Target fleet adjusted availability for the year is 89%-91%.