TransAlta Renewables Reports Fourth Quarter and Full Year 2020 Results and Provides Outlook for 2021
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Full-Year 2020 Financial Highlights
Adjusted funds from operations ( AFFO )
(1) of $355 million, increase of 3% from 2019
Cash available for distribution ( CAFD )
(1) of $304 million or $1.14 per share, increase of 3% on a per-share basis compared to 2019
TransAlta Renewables Inc. ( TransAlta Renewables or the Company ) (TSX: RNW) announced today solid financial results for the three months and year ended December 31, 2020 along with its 2021 outlook. Despite the ongoing challenges that COVID-19 presents, our results for the year demonstrated the strength and resilience of our diversified portfolio and highlighted the growth in our business and underlying cash flows, said Todd Stack, President. With the most recent announced 303 MW of drop-downs effective for 2021, our focus now turns to executing further on our growth strategy by l
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Fortis Inc. Reports 2020 Results
FortisFebruary 12, 2021 GMT
ST. JOHN’S, Newfoundland and Labrador, Feb. 12, 2021 (GLOBE NEWSWIRE) Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric and gas utility industry, released its 2020 fourth quarter and annual financial results1 today.
Highlights
Reported annual net earnings of $1,209 million, or $2.60 per common share in 2020
Delivered adjusted net earnings2 of $1,195 million, or $2.57 per common share, up from $1,115 million, or $2.55 per common share in 2019
Executed record capital expenditures of $4.2 billion yielding annual rate base growth of 8.2%3
Vulcan County could be home to 83 wind turbines taller than the Calgary Tower
The Alberta Utilities Commission will look at a proposal for a 500-megawatt wind farm in Vulcan County, which would be the third major green energy development in the area.
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