Wednesday December 2 2015 3 INDUSTRY GREEN ENERGY SANTA CLAUS AND TWO ELF HELPERS will be arriving at the Fort Smith airport on Friday Dec. 11 and will stay at the Terminal Building from 11 a.m. to 1 p.m. to visit with the young and young at heart. ALL ARE WELCOME TO COME OUT to make sure your Christmas Wish List gets through to the elf in charge NorthwesternAirLeaseChristmas schedule information can be found online at www.nwal.ca or by phone toll free at 1-877-872-2216. Santa ClausSanta Claus is flying to townis flying to town 1-877-872-2216 HOURS OF OPERATION MondayThursday 730AM1100PM Friday 730AM12 Midnight Saturday 800AM12 Midnight Sunday 800AM1100PM OPEN ALL HOLIDAYS 900AM1100PM NEW MOVIE RELEASES EVERY TUESDAY RapidCorner Store COME IN AND CHECK US OUT By CRAIG GILBERT Days after the government announced sweeping climate change policy reforms its arms-length fund manager bet big on green. The Alberta Investment Management Corporation AIMCo announced Nov. 23 it had purchased an eight per cent stake in TransAlta Renewables an Alberta-based clean power generation company for 200 million. The transaction making the crown cor- poration the second-largest shareholder in TransAlta Renewables closed Nov. 26. AIMCo is one of Canadas largest and most diversied institutional investment man- agers with more than 85 billion of assets under management. AIMCos investment in TransAlta Renew- ables provides its clients an opportunity to participate in an attractive internation- ally-diversified portfolio of contracted high quality clean power generation assets with a long asset life and a favorable riskreturn profile a press release read. The Trans- Alta Renewables assets are an excellent complement to AIMCos existing 4 bil- lion of investments in utilities energy and power and transportation according to CEO Kevin Uebelein. AIMCo is very pleased to become an im- portant investor in TransAlta Renewables he said. TransAlta has set forth a bold transition plan that will see it become one of North Americas preeminent clean power companies and TransAlta Renewables is an important part of that strategy. AIMCo is looking forward to a strong working relation- ship with TransAlta Renewables. He said the company is also pleased to be adding to the 8 billion it has invested in Al- berta. That represents about nine per cent of AIMCos assets under management. AIMCo has gained recognition globally as a major infrastructure investor senior vice president Ben Hawkins said. This investment in TransAlta Renewables pro- vides an attractive addition of a large di- versified portfolio of infrastructure assets with stable long-term contracted cash flows for our clients. TransAlta Renewables owns 16 wind and 12 hydroelectric power generation facilities and holds economic interests in TransAltas Wyoming Wind Farm and Australian assets AIMCo bets on green with stake in renewables giant which has a total installed generating capac- ity of 1856 MW. TransAlta Renewables power generating capacity is among the largest of any pub- licly-traded renewable independent power producer IPP in Canada with more wind power generating capacity than any other Canadian publicly-traded IPP. Also on Nov. 23 TransAlta Corp. the parent company of TransAlta Renewables announced it had invested 540 million in interests in renewable energy projects in Ontario and Quebec namely TransAltas Sarnia Cogeneration Plant Le Nordais wind farm and Ragged Chute hydro facil- ity consisting of about 611 MW of highly- contracted power generation assets located in those provinces. TransAlta Renewables will continue to be a key part of our strategy to strengthen our balance sheet improve our liquidity and position TransAlta and TransAlta Re- newables for future growth opportunities TransAlta Corp. president and CEO Dawn Farrell said. With the proceeds from the transactions announced today together with the Australian transaction that was com- pleted in May of this year we will achieve our debt reduction target for the year by generating cash proceeds of approximately 575 million. Farrell said the company is pleased to have AIMCo a high performance invest- ment manager with global experience join us as a signicant investor in TransAlta Renewables. AIMCo purchased an eight-per-cent stake in energy giant TransAlta Renewables Nov. 26. PhotocourtesyofGovernmentofAlberta In Loving Memory Karen Price 73 passed away peacefully on Wednesday November 11 2015 in Fort Smith NT. Karen is survived by her loving husband Frank daughter Dianna Shane sons Darrell Muriel and Darrin Darrell grandchildren Deborah Mitch Dwayne Theoron Martina and Ashlynn and great-grandchildren Wynter Caleb Maddison andKeenan.KarenispredeceasedbyhersonDavid parents Mel and Thelma and sister Phyllis. Karen will be deeply missed by all who knew her. The family would like to thank all the staff at the Fort Smith Health Center and the Cross Cancer Hospital in Edmonton. Your caring and support was immeasurable. Thank you to everyone who sent their thoughts and prayers and to all who brought flowers food and friendship before and after Karens passing. A service will be held in the spring of 2016.