Trans-Elect helped organize a consortium to purchase the transmission assets of TransAlta in Alberta, Canada, in April 2002. The purchase price was $570 million (US). The sale was a strategic move by TransAlta to become a pure generating company after previously divesting its retail distribution assets. The new TransCo, now known as AltaLink, has more than 7,200 miles of transmission lines. Trans-Elect served as a General Partner with SNC Lavalin; each with a 50 percent interest. Ontario Teacher's Pension Plan Board provided the equity investment.