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ABOUT TransAlta Corp Pref E
This company operates as a power generation and wholesale marketing entity, primarily focused on producing electricity through a diverse portfolio of assets. These assets include facilities powered by natural gas, wind, hydro, and solar energy, with a significant portion of their capacity located in Canada, the United States, and Australia. The company's operations encompass the full lifecycle of power generation, from developing and constructing new facilities to the ongoing operation and maintenance of existing plants. They are actively involved in the transition towards cleaner energy sources, investing in renewable projects while also managing existing thermal assets, including those utilizing coal which are subject to a long term planned phase-out. Beyond generating electricity, the company engages in wholesale trading, buying and selling power to optimize their generation portfolio and meet contractual obligations. They also provide energy marketing services to other generators and large consumers, and have an interest in carbon capture and storage technologies as they pursue their objectives related to carbon reductions. This involves active management of contracts, risk mitigation, and participation in various electricity markets. Their approach is geared towards providing reliable electricity supply while gradually moving toward lower-carbon alternatives in alignment with broader energy transition goals and also maintaining a stable and reliable dividend stream to their stakeholders.