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Canada: TransAlta woes grow with energy price-fixing claims

By  |  March 10, 2014

Canada’s largest publicly traded power company TransAlta is reportedly facing allegations of price manipulation in Alberta after a year of financial struggles, say reports.

It was made public this week that Alberta’s Market Surveillance Administrator has been embroiled in a three-year case with TransAlta over claims of energy price-fixing. The MSA is now reportedly requesting a hearing regarding the case on claims the company participated in “anticompetitive conduct” in 2010 and 2011, reports say.

Specifically, the company is accused of deliberately spiking energy prices by taking three power plants offline during high-demand days.

Local administrators are now calling for the Alberta Utilities Commission to hold a public hearing on the case, say reports.

Full Content: The Globe and Mail

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