Strong Second Quarter Financial Performance
TransAlta delivered adjusted EBITDA of $349 million, which was $33 million higher than the second quarter of 2024. Free cash flow was $177 million or $0.60 per share, and average fleet availability was 91.6%.
Effective Hedging Strategies
The Alberta portfolio's hedging strategies resulted in realized prices well above spot prices, with approximately 1,900 gigawatt hours hedged at an average price of $70 per megawatt hour, a 75% premium to the average spot price.
Hydro Segment Performance
The Hydro segment's adjusted EBITDA increased to $126 million from $83 million last year due to higher intercompany sales of emissions credits and higher production and ancillary prices.
Successful Recontracting in Ontario
TransAlta successfully recontracted the Melancthon 1, Melancthon 2, and Wolfe Island wind facilities in Ontario, extending their contract dates to 2031 and 2034.
Progress in Data Center Strategy
TransAlta is making significant progress in its Alberta data center strategy, with the AESO allocating 1,200 megawatts of system capacity to data center proponents, including TransAlta.