TransAlta expects little financial impact from outage at Alberta power plant
TransAlta Corp. says an equipment failure in its Keephills 1 power plant near Wabamum, Alta., will keep the unit out of service until about April 21.
As a result, the company has declared force majeure, a contractual provision that TransAlta says will protect it from significant financial impact.
By making the declaration—something done in the event of major unusual disruptions—TransAlta says it will continue to receive some payments under a power contract and it will be protected from penalties.
TransAlta said it’s working with the manufacturer of the generator equipment to bring the 395 megawatt coal-fired Keephills 1 plant back into service.
The plant was one of several that underwent maintenance outages last year.