TransAlta Corporation reported strong second quarter 2025 financial results, with Adjusted EBITDA reaching $349 million. The company reaffirmed its 2025 outlook, indicating confidence in its operational performance and strategic initiatives despite a challenging Alberta price environment.
In a significant financial move, TransAlta executed agreements on July 16, 2025, to extend committed credit facilities totaling $2.1 billion with a syndicate of lenders. This extension pushes the maturity dates of the syndicated credit facility from June 30, 2028, to June 30, 2029, and bilateral credit facilities from June 30, 2026, to June 30, 2027, enhancing the company's financial flexibility.
The company made progress on its Alberta data center strategy, with negotiations reflecting the Alberta Electric System Operator's (AESO) approach to large load integration. AESO expects Demand Transmission Service contracts to be executed in mid-September, which will secure proponents' access to system capacity. TransAlta is also progressing negotiations for conversion opportunities at its Centralia facility, aiming for a definitive agreement for Centralia Unit 2 later this year.
During the second quarter of 2025, TransAlta signed an agreement for the divestiture of the 48 MW Poplar Hill asset, fulfilling a requirement of the consent agreement with the federal Competition Bureau. Additionally, the company successfully recontracted its Melancthon 1, Melancthon 2, and Wolfe Island wind facilities in Ontario, extending their contract dates to April 30, 2031, and April 30, 2034, respectively, through the Ontario Independent Electricity System Operator Five-Year Medium-Term 2 Energy Contract.
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