July 5, 2017 / 6:17 PM / 4 months ago

BRIEF-Transalta Corp comments on Balancing Pools announcement regarding consultation process initiation

July 5 (Reuters) - Transalta Corp :

* Transalta Corp- Issued comments on Balancing Pools announcement regarding consultation process initiation

* Transalta - If Balancing Pool chooses to terminate Sundance PPAS, co expects to receive approximately $231 million in payment for net book value of assets

* Says ‍termination of PPAS is expected to provide Transalta with increased operational flexibility​

* Transalta corp- Proceeds from any termination would be used to reduce outstanding debt and fund growth opportunities Source text for Eikon: Further company coverage:

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