TransAlta and ECP have agreed to an $80 million purchase price reduction to reflect two required asset divestitures representing 97 MW (net ownership) Transaction revalued at approximately $542 million,

Canadian power company TransAlta is pushing ahead with a deal to buy Heartland Generation and its business operations in Western Canada to expand its generation capacity but has cut the price tag to reflect asset sales ordered by the antitrust regulator.

CNW/ - The Competition Bureau has entered into a consent agreement with TransAlta to address competition concerns with its acquisition of Heartland Generation. A Bureau review concluded that the proposed transaction would likely result in a substantial lessening of competition in the supply of wholesale electricity in Alberta.