0001137171-14-000047.txt : 20140226 0001137171-14-000047.hdr.sgml : 20140226 20140226172328 ACCESSION NUMBER: 0001137171-14-000047 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140226 FILED AS OF DATE: 20140226 DATE AS OF CHANGE: 20140226 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRANSALTA CORP CENTRAL INDEX KEY: 0001144800 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15214 FILM NUMBER: 14645838 BUSINESS ADDRESS: STREET 1: 110 12TH AVE SW BOX 1900 STATION M STREET 2: CALGARY ALBERTA T2P 2MI CITY: CALGARY STATE: A0 ZIP: T2P2M1 BUSINESS PHONE: 403-267-4724 MAIL ADDRESS: STREET 1: 110-12TH AVENUE SW CITY: CALGARY ALBERTA CANADA STATE: A0 ZIP: T2P2M1 6-K 1 transalta6k02262014.htm TRANSALTA CORPORATION - 6-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of February, 2014

TRANSALTA CORPORATION

(Translation of registrant’s name into English)

 

110-12th Avenue S.W., Box 1900, Station “M”, Calgary, Alberta, T2P 2M1

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F____                                                                             Form 40-F X

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____

   
   

 

The document listed below as Exhibit 99.1 to this Form 6-K is a copy of the Registrant’s material change report of February 26, 2014 regarding the sale of its 50 per cent interest in CE Generation, Blackrock development and Wailuku, and the resizing of its dividend. This material change report is hereby furnished and not filed and will not be incorporated by reference into any registration statements filed by TransAlta Corporation under the Securities Act of 1933, as amended.

 

 

99.1 Material change report dated February 26, 2014

 

 

   
   

 

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

TRANSALTA CORPORATION

Dated: February 26, 2014 By: /s/ Maryse St.-Laurent  
     
    Name: Maryse St.-Laurent
    Title: Vice-President and Corporate Secretary
     

 


 

 

 

   
   

  

EXHIBIT INDEX

EXHIBIT NUMBER

99.1 Material change report dated February 26, 2014

 

 

EX-99.1 2 mcr.htm MATERIAL CHANGE REPORT DATED FEBRUARY 26, 2014

Form 51-102F3

MATERIAL CHANGE REPORT

Item 1. Name and Address of Company
 

 

TransAlta Corporation

110 – 12th Avenue SW

Calgary, Alberta T2P 2M1

   
Item 2. Date of Material Change
 

 

February 20, 2014

   
Item 3. News Release
 

 

Press release disseminated via Marketwire on February 20, 2014

   
Item 4. Summary of Material Change
 

 

On February 20, 2014, TransAlta Corporation (“TransAlta” or the “Corporation”) announced two significant initiatives: the sale of its 50 per cent interest in CE Generation, Blackrock development and Wailuku to its partner MidAmerican Renewables for USD$193.5 million and the resizing of its dividend to an annualized amount of $0.72 per common share.

   
Item 5. Full Description of Material Change
   
 1 
   

 

 

On February 20, 2014, TransAlta announced two significant initiatives: the sale of its 50 per cent interest in CE Generation, Blackrock development and Wailuku to its partner in these holdings, MidAmerican Renewables, for USD$193.5 million, and the resizing of its dividend to an annualized amount of $0.72 per common share. These initiatives have been undertaken to enhance the Corporation’s financial strength to grow, to provide a solid and sustainable dividend, and to ensure a strong balance sheet throughout the commodity cycle. Specifically, these two initiatives are expected to deliver a number of key benefits to security holders, including:

 

·         Increasing cash flow per share

·         Providing an attractive, sustainable dividend

·         Improving the Corporation’s credit metrics and balance sheet

·         Generating an additional $120 million per year in free cash flow

·         Creating a stronger financial base for growing TransAlta and maintaining a strong balance sheet throughout the commodity cycle

 

This report contains forward-looking statements, including statements regarding the business and anticipated financial performance of TransAlta. In particular, this report contains forward-looking statements pertaining to the sale of the Corporation’s interest in CE Generation, Blackrock development and Wailuku to MidAmerican Renewables as well as the expected impact of the sale and the resizing of its dividend on the Corporation’s expectations for its free cash flow. These statements are based on TransAlta’s belief and assumptions based on information available at the time the assumptions were made. These statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those contemplated by the forward-looking statements. Some of the factors that could cause such differences include: operational risks involving our facilities, market prices where we operate, unplanned outages at generating facilities and the capital investments required, equipment failure and our ability to carry out repairs in a cost-effective manner or timely manner, the effects of weather, disruptions in the source of fuels, water or wind required to operate our facilities, energy trading risks, failure to obtain necessary regulatory approvals in a timely fashion, legislative or regulatory developments, competition, global capital markets activity, changes in prevailing interest rates, currency exchange rates, inflation levels, commodity prices, general economic conditions in geographic areas where TransAlta operates and successful completion of the conditions applicable to the sale of CE Generation, Blackrock development and Wailuku.

   
Item 6. Reliance on Section 7.1(2) of National Instrument 51-102
  Not applicable.
   
Item 7. Omitted Information
  Not applicable.
   
Item 8. Executive Officer
 

The name and business number of the executive officer who is knowledgeable about the material change and this report is:

 

Maryse St.-Laurent

Vice-President and Corporate Secretary

Telephone: (403) 267-7110

   
Item 9. Date of Report
  February 26, 2014

 

 

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