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CALGARY – TransAlta Corp. said Thursday future investment in Alberta is “on hold” as its CEO vented her frustrations that the province has yet to pick a negotiator for the phase out of coal-fired power.

“We thought we’d have a negotiator appointed by the end of January; it’s now the end of February and we don’t have a time frame for that and we have no indication on who that will be or what that process will be,” TransAlta president and CEO Dawn Farrell said on a conference call to discuss the company’s fourth quarter earnings.

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The Calgary-based power company learned in November that coal-fired power plants would be forced to shut down or be emissions-free by 2030 as part of Alberta Premier Rachel Notley’s climate change policies.

Coal power companies in Alberta are looking for compensation from the government for the early shut down of their facilities, which they say would create “stranded capital.”