TransAlta to Buy Colorado Gas Assets in $1B Deal, Launch $350M Bought Deal Offering (TAC:NYSE)
The deal adds fully contracted peaking plants expected to generate about US$80 million in annual Adjusted EBITDA, TransAlta said.
- On Wednesday, June 3, 2026, TransAlta Corporation announced an agreement to acquire Mountain Peak Power LLC and Canyon Peak Power LLC in a deal valued at US$1.0 billion, including US$750 million in debt assumption.
- The acquisition adds 318 MW of natural gas-fired peaking facilities near Denver, Colorado, expected to generate approximately US$80 million in annual Adjusted EBITDA from long-term contracted operations.
- TransAlta intends to fund the US$250 million equity component through a concurrent $350 million bought deal common share offering expected to close on or about June 9, 2026, subject to customary conditions.
- President and Chief Executive Officer Joel Hunter stated the acquisition adds "new, high-quality, low-risk assets in a core market for us," with facilities 100% contracted under tolling agreements for over 25 years.
- Cash flows will be redeployed into growth opportunities including data centers in Centralia and Alberta, while underwriters retain an option to purchase additional shares for approximately $53 million in gross proceeds.
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TransAlta buying two gas power plants in Colorado in deal worth US$1B
CALGARY — TransAlta Corp. has signed a deal to buy a pair of natural gas power projects in Colorado from Blackstone Inc. in an agreement valued at US$1.0 billion, including the assumption of US$750 million in debt.
TransAlta to buy Blackstone-backed Colorado gas-fired plants for $1 billion
TransAlta to buy Colorado gas assets in $1B deal, launch $350M bought deal offering (TAC:NYSE)
TransAlta said it agreed to acquire two new gas-fired peaking facilities in Colorado from Blackstone for $1B, with plans to raise $250M of equity through a concurrent bought deal offering.
The Toronto Star
TransAlta Announces the Acquisition of Two Fully-Contracted Gas Assets in Colorado and Concurrent $350 Million Bought Deal Offering of Common Shares
The short form base shelf prospectus is accessible, and the final prospectus supplement will be accessible within two business days, through SEDAR+.
TransAlta signs $1bn deal to acquire two Colorado gas power plants
TransAlta has signed a purchase and sale agreement to acquire two natural gas-fired power plants near Denver, Colorado, with a combined capacity of 318MW, for $1bn.The post TransAlta signs $1bn deal to acquire two Colorado gas power plants appeared first on Investment Monitor.
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