June 6, 2014 – News Today

TransAlta pays $149M to settle U.S. unfair power pricing case

TransAlta Corp., facing charges of utility market manipulation in Alberta, has agreed to pay $149 million to settle similar allegations in California dating back to 2000-2001. On Wednesday, the U.S. Federal Energy Regulatory Commission approved the payment by subsidiary TransAlta Energy Marketing to public utilities affected by manipulation of electric and natural gas prices during the California energy crisis 13 years ago.