By The Canadian Press

TransAlta buying cogeneration plant in Michigan for US$27 million

Mar 17, 2020 | 6:26 AM

CALGARY – TransAlta Corp. has acquired a cogeneration facility in Michigan from two private companies for approximately US$27 million.

TransAlta chief executive Dawn Farrell says the deal marks the company’s first U.S. cogeneration project.

It includes a single GE LM2500 gas turbine and an ABB steam turbine.

The facility, which has been operational since 1991, is contracted under a long-term power purchase agreement and steam sale agreement for approximately six years.

The acquisition is subject to customar regulatory approvals and is expected to close in the second quarter of 2020.

Meaningful Mementos

Remembering Someone You've Lost at Christmas

Dec 03, 2024

Seasonal Sorrow

How Do You Get Through The Holidays When You're Grieving?

Nov 01, 2024

Upcoming Events at Oliver's

Grief & Loss and Estate Planning Seminars

Oct 02, 2024

TransAlta owns electrical power generation assets in Canada, the United States and Australia.