TransAlta (TAC) to Acquire Two Colorado Gas Peaking Facilities for $1B

On June 3, 2026, TransAlta Corporation (NYSE:TAC) announced that it entered into a acquisition and merchantability statement to get Mountain Peak Power and Canyon Peak Power, each an indirect subsidiary of Blackstone (BX). The task companies ain 2 caller earthy state peaking facilities adjacent Denver, Colorado, with a combined capableness of 318 MW. TransAlta said the assets are expected to adhd astir $80M of adjusted EBITDA per twelvemonth from the 162 MW Mountain Peak Power and 156 MW Canyon Peak Power facilities. The full transaction worth of $1B includes the presumption of $750M of elder secured project-level indebtedness and $250M of equity. Mountain Peak Power has been operating since September 2025, portion Canyon Peak Power is expected to execute commercialized in-service successful the 3rd quarter. The acquisition is taxable to Canyon Peak Power achieving commercialized in-service and customary closing conditions, including regulatory approvals, and is expected to adjacent aboriginal successful the 4th fourth of 2026.

Photo by mitchel-willem-jacob-anneveldt connected Unsplash

Last month, BMO Capital expert Ben Pham lowered the firm’s terms people connected TransAlta Corporation (NYSE:TAC) to C$25 from C$27 and maintained an Outperform standing connected the shares. TD Securities expert John Mould besides lowered the firm’s terms people connected TransAlta to C$26 from C$27 and maintained a Buy rating.

Earlier successful May, TransAlta reported Q1 adjusted EPS of C$0.60, compared with C$0.10 past year, and gross of C$565M, compared with C$758M past year. CEO Joel Hunter said the company’s hedging strategy and contracted portfolio helped it navigate a challenging terms environment.

TransAlta Corporation (NYSE:TAC) develops, produces, and sells electrical energy.

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