Transalta completes purchase of MEGA

TransAlta filed the application for regulatory approval today, which is expected to take about 45 days. This will give TransAlta full ownership of the U.S.-based company. In June 2000, TransAlta acquired its original 50 per cent position in MEGA as a platform for growth in gas-fired power generation in the U.S. MEGA was established in 1998 and is based in Annapolis, Maryland.

LAS VEGAS, April 26, 2001 – Sierra Pacific Resources and Enron Corp. announced today they have mutually agreed to terminate their purchase and sale agreement for Enron’s wholly owned electric utility subsidiary, Portland General Electric (PGE).

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