Beautiful weather across Alberta for the August long weekend ahead of expected rain showers for the rest of the week.
The week averaged 17% lower at $44.03/MWh. Strong wind generation and unexpected available thermal generation
had the week well supplied. The forward curve remains up with the announcement that Alberta will not proceed with a
Gas prices averaged 30% lower at $1.15/GJ. While AECO settles remain relatively low, NYMEX settles reached a new 52
week low for the year, as production across the US reached over 90Bcf per day. AECO forwards remain flat week over
Capital Power and TransAlta reached an agreement to swap ownership of Keephills 3 and Genesee 3. The transaction is
expected to close in the fourth quarter of 2019, when TransAlta will own 100% of Keephills 3 and Capital will own 100%
of Genesee. Currently, each company owns 50% of the assets.