Sept 30 (Reuters) - TransAlta Corp TA.TO :
* Press release - TransAlta reaches agreement with market surveillance
administrator
* Says TransAlta will pay a total amount of $56 million
* Says will pay a total amount of $56 million including approximately $27
million as a repayment of "economic benefit" under the legislation
* Says additional terms include that TransAlta will pay the agreed amount in
two separate installments
* Says remaining amount will be paid one year later
* First payment of $30 million due 30 days after the auc issues an order
approving the settlement
* Application for consent order reflecting settlement was filed on Wednesday
* Application for a consent order reflecting settlement will be reviewed at a
hearing to be scheduled later this year
* Reached agreement with market surveillance administrator to settle all
outstanding proceedings before Alberta utilities commission
* Source text for Eikon ID:nMKW3nZVba
* Further company coverage TA.TO