FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of April, 2002
TRANSALTA CORPORATION
(Translation of registrant's name into English)
110-12th Avenue S.W., Box 1900, Station "M", Calgary, Alberta, T2P 2M1
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F____ Form 40-F X
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ..... No ..X...
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-________
EXHIBITS
| Exhibit 1 | Press Release dated April 29, 2002. |
TransAlta closes sale of its Transmission business
CALGARY, Alberta (April 29, 2002) TransAlta Corporation (TSE: TA; NYSE: TAC) announced today the successful completion of the sale of its Alberta Transmission business to AltaLink. Proceeds from the sale are approximately $850 million. The sale will result in a gain of about $100 million ($0.59 per share). Proceeds will be redeployed into TransAlta's core business of electricity generation and marketing.
TransAlta Corporation is Canada's largest non-regulated electric generation and marketing company, with more
than $8 billion in assets and 9,000 megawatts of capacity either in operation or under construction. As one of North
America's lowest-cost operators, our growth is focused on developing coal- and gas-fired generation in Canada, the U.S.
and Mexico.
This news release may contain forward-looking statements, including statements regarding the business and anticipated financial performance of TransAlta Corporation. These statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those contemplated by the forward-looking statements. Some of the factors that could cause such differences include legislative or regulatory developments, competition, global capital markets activity, changes in prevailing interest rates, currency exchange rates, inflation levels and general economic conditions in geographic areas where TransAlta Corporation operates.
AltaLink L.P. is a limited partnership formed by SNC-Lavalin Investment, a division of SNC-Lavalin Inc., Ontario Teachers Pension Plan Board, Macquarie North America Ltd. and Trans-Elect Inc. to own and operate the transmission assets acquired from TransAlta. As the general partner of AltaLink L.P., AltaLink Management Ltd. will manage the employees and operate the transmission business on behalf of the limited partnership.
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For more information:
|
Media inquiries: |
Investor inquiries: |
|
Nadine Walz |
Daniel J. Pigeon |
|
Media Relations Specialist |
Director, Investor Relations |
|
Phone: (403) 267-3655 |
Phone: 1-800-387-3598 in Canada and U.S. |
|
Pager: (403) 213-7041 |
Phone: (403) 267-2520 Fax (403) 267-2590 |
|
Email: media_relations@transalta.com |
E-mail: investor_relations@transalta.com |
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly authorized.
TransAlta Corporation
(Registrant)
By:/s/ Rodger Conner
(Signature)
Rodger Conner, Corporate Secretary
Date: April 30, 2002