Transalta Corp (TAC) Exchange: NYSE

Transalta Corp (TAC) is a Canadian electricity generator, energy storage provider, and wholesale energy marketers. Founded in 1987 as a small energy storage business, TAC has since expanded and now serves customers in Alberta, British Columbia, and Ontario. The company currently employees 1,900 people to keep its business running. TAC currently has over 3,500 megawatts of base-load and peaking power generation capacity in operation, including clean-energy technologies and hydro-electric facilities. As of 2019, the company generates and delivers 7,800 gigawatt-hours of electricity to customers annually, emphasizing the importance of a reliable supply of abundant and clean energy. In 2019, TAC had net sales of $1.5 billion and reported a 41% increase in adjusted net earnings ($195 million). The company is committed to maintaining its position as a leader in both value and sustainability, a dedication which was recognized through their receiving the 2018 Utility Company of the Year Award from the Small Business Council of Canada. TAC continues to explore and develop new projects, such as introducing solar power to Alberta by 2021. This 400-megawatt solar project, called the Gleichen Solar Project, is expected to be the largest solar project in Canada and the second largest in North American. The project is part of TAC’s commitment to continue developing renewable and clean energies for the future.