FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of November, 2004
TRANSALTA CORPORATION
(Translation of registrant’s name into English)
110-12th Avenue S.W., Box 1900, Station “M”, Calgary, Alberta, T2P 2M1
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F____ Form 40-F X
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ..... No ..X...
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-________
Evaluation of Disclosure Controls and Procedures
TransAlta has designed disclosure controls and procedures to ensure that material information relating to the Company, including its consolidated subsidiaries, is made known to the Chief Executive Officer and Chief Financial Officer by others within the Company, including its consolidated subsidiaries, on a regular basis, in particular during the period in which its Current Reports on Form 6-K relating to quarterly financial results are being prepared. The Chief Executive Officer and Chief Financial Officer have evaluated the effectiveness of the disclosure controls and procedures as of a date within 90 days of the date of this report. Based on that evaluation, the Chief Executive Officer and Chief Financial Officer concluded, as of that evaluation date, that the Company’s disclosure controls and procedures were effective to ensure that material information relating to the Company, including its consolidated subsidiaries, was made known to them by others within those entities during the period in which this report was being prepared. There have been no significant changes in the internal controls or in other factors that could significantly affect internal controls subsequent to the date of the most recent evaluation by the Chief Executive Officer and Chief Financial Officer, including any corrective action with regard to significant deficiencies and material weaknesses.
EXHIBITS
Exhibit 1 | Press release dated November 24, 2004. |
TransAlta Corporation enters into agreement to sell units of TransAlta Power, L.P.
CALGARY, Alberta (Nov. 24, 2004) – TransAlta Corporation (TSX: TA; NYSE: TAC) announced that it has entered into an agreement with CIBC World Markets Inc. and Scotia Capital Inc. to act as exclusive agents to sell up to 7.114 million units of TransAlta Power, L.P. (TSX: TPW.UN). These units are the remaining TransAlta Power, L.P. units that TransAlta Corporation owns, representing approximately 10 per cent of TransAlta Power, L.P.’s outstanding units.
TransAlta Corporation’s ownership of these units results from the expiration of warrants on Aug. 3, 2004, which TransAlta Power, L.P. issued on July 31, 2003 when purchasing an indirect 25 per cent interest in the Sheerness Generating Station. TransAlta Corporation had previously announced its intention to sell these units.
The sale will be made through the facilities of the Toronto Stock Exchange and it is expected that the sale will be completed by way of a block trade or a series of block trades. Pursuant to applicable securities laws, such sale may not occur prior to Nov. 30, 2004.
TransAlta is among Canada's largest non-regulated power generation and wholesale marketing companies. We have coal-fired, gas-fired, hydro and renewable generation assets in Canada, the U.S., Mexico and Australia. With approximately 10,000 megawatts of capacity either in operation, under construction or in development, our focus is to efficiently operate our assets in order to provide our wholesale customers with a reliable, low-cost source of power.
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For more information:
Media inquiries:
Investor inquiries:
Tim Richter
Daniel J. Pigeon
Senior Advisor
Director, Investor Relations
Media & Government Relations
Phone: 1-800-387-3598 in Canada and U.S.
Phone: (403) 267-7238
Phone: (403) 267-2520 Fax (403) 267-2590
Pager: (403) 213-7041
E-mail: investor_relations@transalta.com
Email: media_relations@transalta.com
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
TransAlta Corporation
(Registrant)
By: /s/ Alison T. Love
(Signature)
Alison T. Love, Corporate Secretary
Date: November 24, 2004