Published: November 23, 2012
Independent arbitration panel validates TransAlta's operating practices and grants claim of force majeure on Sundance unit 3
TransAlta Corporation (TransAlta) (TSX:TA)(NYSE:TAC) reported today an independent arbitration panel granted TransAlta force majeure relief for derates and outages in 2010 and 2011 related to mechanical failure of critical generator components on Sundance unit 3. This decision validates that the mechanical failure was beyond TransAlta's reasonable control.
"This decision further validates our good operating practices," said Dawn Farrell, TransAlta President and CEO. "The circumstances of the failure were unforeseen; we did what was necessary and prudent to return the unit to service, maintain safe operations, and support the reliability of the Alberta system."
To read the complete release at NewsBlaze,
Independent arbitration panel validates TransAlta's operating practices and grants claim of force majeure on Sundance unit 3,
Related Marketwired Releases News
Ithaca Energy - Increase in Director Shareholding
u2t Photonics AG, the provider of leading-edge optoelectronic components, today announced the world's fastest balanced photodetector offering a 3dB bandwidth of 70 GHz. The device supports systems for next generation networks using 400 Gbit/s or 1 ...
Kirkland Lake Gold Inc. presents its annual gold reserve and resource estimates for its operations in Kirkland Lake, Ontario on both the historic Main Break and the high grade South Mine Complex discovered in 2005.
Addex Validates Potential Efficacy Biomarker for Phase 1 Trial of its GABA-B Positive Allosteric modulator, ADX71441
Fozzy Inc., shared and VPS hosting company, has today announced the launch of its shared hosting service in the United States of America.
Market Research Company Euromonitor International released today an e-book reviewing Australia's economy, business environment and consumer behavior. Heralded as the success story among advanced economies for weathering the global economic downturn ...