TransAlta reports Q2 FFO C$0.76 vs C$1.48 last year

“Our strong second quarter results demonstrate the value of our portfolio management and market forecasting capabilities. In response to the evolving market conditions in Alberta, we proactively deployed hedging strategies to enhance portfolio margins and moderate the impact of the known supply additions and weakening price environment in Alberta. Given our portfolio position, we are confident that we will reach our 2024 guidance given our exceptional performance in the first half of the year,” said John Kousinioris, President and Chief Executive Officer of TransAlta.