TransAlta opens two new wind farms early

Article Excerpt

TRANSALTA CORP. $21 (Toronto symbol TA; Conservative Growth Portfolio, Utilities sector; Shares outstanding: 219.5 million; Market cap: $4.6 billion; Price-to-sales: ratio: 1.7; Dividend yield: 5.5%; TSINetwork Rating: Average; www.transalta.com) has opened two new wind-power projects (one in Alberta and one in New Brunswick) ahead of schedule and on budget. About 12%, or 1,073 megawatts, of the power TransAlta generates comes from wind. The company continues to add to its renewable-power capacity. That will help it comply with tougher new environmental standards. TransAlta is a buy. buy…