TransAlta and Washington state agree to formal talks on transitioning the Centralia facility to cleaner energy sources while protecting jobs, the local economy and investor valueMemorandum of Understanding (Mou) • April 27th, 2010 • Transalta Corp • Electric services
CALGARY, Alberta (Apr. 26, 2010) – TransAlta Corporation (TransAlta) (TSX: TA; NYSE: TAC) and Governor Chris Gregoire today signed a memorandum of understanding (MOU) to enter discussions on an agreement to significantly reduce greenhouse gas emissions from the Centralia coal-fired plant and provide replacement capacity by 2025. The MOU reflects a shared interest between TransAlta, Gov. Gregoire and the Washington state Department of Ecology in reducing emissions while providing Washington citizens and businesses with secure, reliable power. It sets forth clear objectives and a definitive timeline to develop an agreement to transition the state to cleaner energy sources while protecting jobs and the local economy. The MOU also recognizes the need to protect the value that Centralia brings to TransAlta’s shareholders.
