CALGARY - TransAlta Corp. said Thursday future investment in Alberta is “on hold” as its CEO vented her frustrations that the province has yet to pick a negotiator for the phase out of coal-fired power.
This sentiment is hurting everything from the producers who mine the commodity to the power producers who use coal as a fuel. TransAlta Corporation (TSX:TA)(NYSE:TAC) has been perhaps the hardest hit out of all the power producers as a result.
It has been a tough year for investors in electric utility TransAlta Corporation (TSX:TA)(NYSE:TAC). Its share price has plunged by 53% since the start of January as the company is facing a range of headwinds.