10:17 AM EST - TransAlta Power : says it might put itself up for sale, pending a strategic review. In a release Tuesday, TransAlta Power said the review is aimed to "consider strategic alternatives" to maximize value for unitholders, a process that includes "seeking proposals from potential buyers." The company, which owns a 49.99 per cent interest in TransAlta Cogeneration, said it had engaged BMO Capital Markets as its financial adviser and intermediary to assist in the review. "The initiation of this process is not in response to any proposed transaction, nor can there be any assurance that it will lead to a transaction," the company stressed. TransAlta Power
units TPW.UN:CA are trading up thirty eight cents at $8.19.
