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TransAlta sees ‘tougher’ fourth quarter: CEO

BNN.ca staff
4:50 PM, E.T. | October 28, 2011
Best of BNN, Industrials
Tags: TransAlta
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TransAlta’s quarterly profit rose 25 percent, helped by energy prices in Alberta, and stronger wind and hydro margins. But, it forsees a tougher fourth quarter.

President and CEO Steve Snyder  -- who is leaving his role in the new year – tells BNN the power company is tracking well, but the next quarter will be “a bit tougher.” 

“I think pricing will ease up a bit, and we have some extra costs in that quarter. But yes, we’re going to have a strong year when we get to the end of December.”

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