TransAlta manipulated Alberta electricity market last fall, offers to pay fines

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The Canadian Press
November 9, 2011

CALGARY – One of Alberta’s largest power companies admits it broke a law by manipulating electricity imports last fall, driving up consumer prices.

TransAlta Corp. (TSX:TA) makes the admission in a proposed settlement agreement it has reached with the province’s electricity market watchdog.

“Based upon the agreed statement of facts the Market Surveillance Administrator is satisfied, and TransAlta does not contest, that by its conduct TransAlta contravened Section 6 of the Alberta Electric Utilities Act during 31 separate hours during eight days in the month of November 2010,” reads the document.

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