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TransAlta estimates loss on energy trading, maintenance costs
July 25, 2012 / 1:00 PM / 5 years ago

TransAlta estimates loss on energy trading, maintenance costs

July 25 (Reuters) - TransAlta Corp said it estimates a loss in the second-quarter compared with a year earlier due to higher maintenance costs, losses in energy trading and lower electricity prices.

The company, which will report second-quarter results on July 31, estimated net loss of between C$18 million and C$28 million, or 8 Canadian cents and 12 Canadian cents per share.

Analysts are expecting earnings of 18 Canadian cents per share, according to Thomson Reuters I/B/E/S.

Power producer TransAlta also said its unit entered into a 11-year agreement to provide electricity to Puget Sound Energy. (Reporting by Ankur Banerjee in Bangalore; Editing by Akshay Lodaya)

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