10:07 AM EST - TransAlta Corp. : said late Monday it will stop coal mining in Centralia, Wash., and write down part of the value of a nearby power plant in moves that will cut about 600 jobs and produce up to $250 million in special charges on the power producer's books. TransAlta said it will take an after-tax charge of about $150 million or 75 cents per share in the fourth quarter due to asset and inventory writedowns, reclamation liabilities and severance costs related to the shutdown of the U.S. coal mine. TransAlta Corp.
shares T.TA are trading up 4 cents at $24.57.
