Q: Your thoughts please on Transalta quarter and the news on the data center?
Thx
Thx
5i Research Answer:
The current quarter was a bit of a miss on results with EBITDA of $248 mln vs $261 mln expected. The outlook was largely in-line which is a positive along with an 8% increase to the dividend. They also announced an MOU for a data center project in Alberta which sounds promising. The initial contract is for 230 MW but can be increased to 1GW. More details will come out as it is still early but a positive development nonetheless.