TransAlta_Corp -...

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TransAlta Corp. ( TA-T 21.07 0.020.10% ) says higher margins from electricity  generation and targeted cost savings from its operations resulted in a higher  profit in the third quarter, despite lower revenues compared with the year-earlier  period. The Calgary-based power generation company said Tuesday that its profit rose  to $66-million or 34 cents per share in the third quarter, up from $62-million or 31  cents per share in the year-earlier period. Revenue fell to $666-million from $791-million and cash-flow from operations fell  to $194-million from $202-million. TransAlta operates electricity generation plants using a variety of energy  sources, although it continues to rely heavily on thermal coal as a power source. It recently acquired control of Canadian Hydro Developers after agreeing to pay 
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This note was uploaded on 10/19/2011 for the course ECON 101/102 taught by Professor Gateman&neary during the Spring '09 term at The University of British Columbia.

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TransAlta_Corp -...

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