TransAlta to Acquire Two Colorado Natural Gas Power Plants for $350 Million

TransAlta Corporation announced on Wednesday that it has entered into an agreement to acquire two fully-contracted natural gas power plants located in Colorado. To fund the transaction, the company simultaneously launched a $350 million bought deal offering of common shares.

The acquisition involves two operational facilities that currently hold long-term power purchase agreements. TransAlta intends to use the net proceeds from the $350 million share offering to finance the purchase price of these assets and cover related transaction costs. The offering is being conducted through a syndicate of underwriters, and the company expects the deal to close later this month, subject to customary regulatory approvals and closing conditions.

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Date: June 3, 2026

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GOAI