TransAlta admits power price manipulation
By Dina O'Meara, Calgary Herald November 8, 2011
TransAlta Corp. faces paying the highest penalty in Alberta's history after admitting to manipulating power prices last year, but critics say the $370,000 fine is a pittance compared with an estimated $5.5 million that consumers paid in inflated costs.
TransAlta, which controls 16 per cent of Alberta's commercial power, admitted to purposely blocking the import of cheaper hydroelectric power from British Columbia over 31 hours last November, creating an artificial shortage of electricity - and higher prices...
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