Transalta Sells Stake in CE Generation to MidAmerican Renewables

Feb 20, 2014 7:42 am ET

Feb. 20 (Bloomberg) -- TransAlta Corp. agreed to sell its 50 percent stake in CE Generation, Blackrock development and Wailuku to MidAmerican Renewables, its partner in the holdings, for $193.5 million.

The sale was announced today in the Calgary-based company’s earnings release.