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Centralia Today
By the People, for the People
TransAlta Outlines Lower 2026 Outlook Amid Centralia Closure
Company also announces data center MOU and acquisition of Far North Power assets
Published on Mar. 3, 2026
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TransAlta executives highlighted a strong 2025 performance but outlined a lower 2026 outlook driven largely by the end of operations at the Centralia facility and continued pressure on Alberta power prices. Management also provided new details around a data center memorandum of understanding tied to its Keephills site, progress on the Centralia coal-to-gas conversion, and recently closed M&A activity in Ontario.
Why it matters
TransAlta's 2026 outlook reflects the challenges facing the company as it navigates the transition away from coal-fired power generation, with the closure of Centralia being a key driver. The data center MOU and acquisition of Far North Power assets represent strategic moves to diversify the company's asset base and revenue streams. Investors will be closely watching TransAlta's progress on these initiatives as it seeks to offset the impact of the Centralia closure.
The details
For 2026, TransAlta guided to Adjusted EBITDA of CAD 950 million to CAD 1.1 billion and free cash flow of CAD 350 million to CAD 450 million, citing factors such as the end of operations at Centralia, expectations for lower Alberta spot power prices, a lower average hedge price than 2025, and the expiry and decommissioning of the Ada facility in Michigan. The company also announced an 8% increase in its common share dividend. On strategic developments, TransAlta outlined an MOU with CPP Investments and Brookfield to advance a data center project at its Keephills site, as well as progress on the Centralia coal-to-gas conversion and the acquisition of Far North Power's natural gas-fired assets in Ontario.
- Centralia Unit Two is expected to be converted from coal to natural gas by late 2028, with a final investment decision targeted for early 2027.
- The U.S. Department of Energy has issued a temporary order requiring Centralia to remain available to operate for 90 days through March 16, 2026.
The players
TransAlta Corporation
A publicly traded energy company specializing in the development, ownership and operation of power generation and transmission assets, headquartered in Calgary, Alberta.
John Kousinioris
The outgoing CEO of TransAlta.
Joel Hunter
The incoming CEO of TransAlta.
CPP Investments
A Canadian investment management organization that manages the assets of the Canada Pension Plan.
Brookfield
A global alternative asset management company.
What they’re saying
“We must not let individuals continue to damage private property in San Francisco.”
— Robert Jenkins, San Francisco resident (San Francisco Chronicle)
“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”
— Gordon Edgar, grocery employee (Instagram)
What’s next
The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.
The takeaway
This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.
