TransAlta Corporation (TSX:TA) is looking for M&A. During the company?s first quarter 2024 results conference call, John Kousinioris, President and Chief Executive Officer said that ?In terms of other jurisdictions, Western Australia continues to be important for us. We do have opportunities from an M&A perspective that we're pursuing. Interestingly, we are seeing better returns right now, John, probably for some of the contracted or actually even better, a mixture of sort of contracted and merchant and this is not in Alberta, but in other jurisdictions gas facilities where we end up having the ability to take the expertise that our trade floor has and our optimization team has to kind of extract more value from those assets and create higher returns.

When we look at I'd say, Todd, where our share price is trading. I mean we're very mindful as we're looking at our share buybacks to make sure that the kind of threshold that we have for our growth is appropriate. And that's a little bit easier to do maybe with some of the M&A opportunities that we're seeing rather than sort of what I would call greenfield, run-of-the-mill renewables write down".