December 19, 2016 / 10:19 PM / a year ago

BRIEF-TransAlta sees 2017 comparable FFO $765 mln-$855 mln

Dec 19 (Reuters) - TransAlta Corp :

* Confirming its 2016 outlook

* TransAlta Corp - corporation also expects to raise between $400 and $600 million of debt secured by portfolio of contracted assets in 2017

* Sees 2017 comparable EBITDA $1,025 million to $1,135 million

* TransAlta Corp sees 2017 fleet availability between 88% to 90%

* Fy2016 earnings per share view c$0.03, revenue view c$2.38 billion -- Thomson Reuters I/B/E/S

* TransAlta Corp - net debt at end of 2016 is expected to be in range of $3.9 billion to $4.0 billion

* TransAlta -expects to invest $200 to $250 million to complete construction of South Hedland and position co for success in growing its renewables platform in 2017

* TransAlta Corp sees 2017 sustaining capital $260 million to $280 million

* Sees 2017 comparable FFO $765 million to $855 million

* TransAlta -although Alberta power market is expected to remain over supplied in 2017, co expects to deliver comparable FCF in range of $300 million to $365 million

* TransAlta Corp announces 2017 outlook Source text for Eikon: Further company coverage:

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