Coal-fired power plant outage extended

TransAlta Corp. (NYSE: TAC) has announced the expected impact of an extended outage at its jointly-owned 466 MW Genesee 3 coal-fired power plant located in Genesee, Alberta.

On Nov. 11, 2011, the Genesee 3 coal-fired power plant, a joint venture with Capital Power Corp., experienced an unplanned outage that resulted in damage to turbine and generator bearings. Capital Power Corp. had initially estimated a return to service date of mid-December. Based on work done to date, the outage has been extended to January 1, 2012.

As a result, TransAlta said their fourth quarter production is expected to be reduced by approximately 275 GWh and net income is anticipated to decline in the range of $20 - $25 million.

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