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GATINEAU, QC, Nov. 14, 2024 /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.
To resolve the Bureau's concerns, TransAlta has agreed to sell Heartland Generation's Poplar Hill and Rainbow Lake 4 & 5 electricity generating businesses. The sale will be made to one or more independent purchasers to be approved by the Commissioner of Competition.
The Bureau is satisfied that the sale will resolve the competition concerns arising from the proposed transaction.
The complete consent agreement is available on the website of the Competition Tribunal.
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The Competition Bureau is an independent law enforcement agency that protects and promotes competition for the benefit of Canadian consumers and businesses. Competition drives lower prices and innovation while fueling economic growth.
SOURCE Competition Bureau