A Spreadsheet Mistake Created an Error That Cost TransAlta $24

question 53

True/False

A spreadsheet mistake created an error that cost TransAlta $24 million because they bought power transmission hedging contracts at higher prices than it would have if the decision had been based on accurate information.

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Definitions:

Medicare

A federal health insurance program in the United States for people age 65 and older, and for some younger people with disabilities.

Healthcare

A system, or series of services, aimed at maintaining or improving the health of individuals through prevention, diagnosis, treatment, and rehabilitation.

Federal Government

The national government of the United States, which consists of three branches: legislative, executive, and judicial.

Taxes

Compulsory financial charges or levies imposed by a government on individuals and organizations to fund public expenditures.