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The power utility says its loss amounted to 20 cents per diluted share for the quarter ended Sept. 30 compared with a loss of $36 million or 12 cents per diluted share a year ago.

Revenue totalled $615 million, down from $638 million in the same quarter last year.

On an adjusted basis, TransAlta says it lost two cents per share in its latest quarter compared with an adjusted profit of 12 cents per share a year earlier.

The company also announced Thursday that chief executive John Kousinioris plans to retire effective April 30, 2026, and will be replaced by Joel Hunter, TransAlta’s chief financial officer.

This report by ºÃÉ«tvwas first published Nov. 6, 2025.

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