Skip to main content
A scary good deal on trusted journalism
Get full digital access to globeandmail.com
$0.99
per week for 24 weeks SAVE OVER $140
OFFER ENDS OCTOBER 31
A scary good deal on trusted journalism
$0.99
per week
for 24 weeks
SAVE OVER $140
OFFER ENDS OCTOBER 31
// //

The Keephills 3 power plant is a 495-gross-megawatt (MW) (450 MW net) coal-fired generating facility located about 70 kilometres west of Edmonton, Alberta and five kilometres south of Lake Wabamun, adjacent to TransAltaÍs existing Keephills power plant.

Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.

TransAlta Corp. (TA-T; TAC-N) says an independent arbitration panel has provided it force majeure relief for the Keephills 1 outage that started on March 5, 2013.

"The decision by the panel validates our internal policies and operating practices concerning the safety of our equipment," stated Wayne Collins, executive vice -president of the company's coal and mining operations. "The course of action that we took in 2013 to protect the safety of our equipment has been upheld by their decision."

Story continues below advertisement

The company said it will be reversing its accounting provision of approximately $95 million in its fourth-quarter results, which it said was equivalent to roughly one half of the expected exposure.

"This will have a positive impact on 2016 EBITDA [earnings before interest, taxes, depreciation and amoritization], however there will be no impact to AFFO [adjusted funds from operations]," stated chief financial officer Donald Tremblay in a release.

**

DH Corp. (DH-T) is cutting its quarterly dividend by 63 per cent to 12 cents per share from 32 cents starting in 2017.

"The reduction in the dividend will provide additional capital for the company to repurchase shares, reduce debt, and invest in the growth of the business," the company said.

"Over the last several years, D+H has been executing on its strategic transformation into a global financial technology provider. The decision we announced today is consistent with that direction and enables us to position our capital structure to support this continued evolution," stated CEO Gerrard Schmid.

**

Story continues below advertisement

Medical Facilities Corp. (DR-T) appointed Tyler Murphy as executive vice president of finance, effective today. He will become the chief financial officer after the retirement of Michael Salter, the current CFO, at the end of the year, the company said.

**

Hardwoods Distribution Inc. (HWD-T) says a group of U.S. manufacturers filed a trade petition in that country related to imported hardwood plywood from China, alleging it's being sold at prices below cost and subsidized by the Chinese government.

Hardwoods says potential trade duties would impact the market for hardwood plywood in the U.S., and could include "significant changes to the selling prices, margins, and/or product supply availability of both imported and domestically manufactured hardwood plywood."

Hardwoods says the proportion of its total sales falling within the scope of this trade case is less than 11 per cent of annual revenues.

"We will closely monitor the situation and make adjustments to our product sourcing that arise as a result of developments in this new trade case," stated CEO Rob Brown in a release. "Our focus will continue to be on successfully meeting the ongoing product needs of our customers."

Story continues below advertisement

**

Etrion Corp. (ETX-T) signed a project finance agreement with  Sumitomo Mitsui Trust Bank for the construction of the 13.2-megawatt Komatsu solar project in Japan.

"I am delighted to announce the signing of the $33-million project financing for our 13.2 MW Komatsu project, our fourth utility-scale solar project in Japan," stated Etrion CEO Marco Northland.

Etrion will own 85.1 per cent of the Komatsu project, and Hitachi High-Technologies will own the remaining 14.9 per cent.

Your Globe

Build your personal news feed

  1. Follow topics and authors relevant to your reading interests.
  2. Check your Following feed daily, and never miss an article. Access your Following feed from your account menu at the top right corner of every page.

Follow the author of this article:

View more suggestions in Following Read more about following topics and authors
Report an error Editorial code of conduct
Tickers mentioned in this story
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour.

We aim to have all comments reviewed in a timely manner.

Comments that violate our community guidelines will not be posted.

UPDATED: Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies