CALGARY, AB, March 29, 2021 /PRNewswire/ - TransAlta
Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC)
today filed its notice of meeting (the "Notice") to holders of
common shares ("Shareholders") along with its management
information circular (the "Circular") in connection with its
annual and special meeting of Shareholders to be held virtually on
Tuesday, May 4, 2021 at 12:00 p.m. (Calgary Time) (the "Meeting"). A copy
of the Notice and Circular can be downloaded from the Company's
SEDAR profile at www.sedar.com and the Company's EDGAR
profile at www.sec.gov/edgar.shtml. The Notice and Circular
are also available on TransAlta's website.
As described in the Circular, registered Shareholders are
entitled to participate at the Meeting if they held common shares
of TransAlta as of the close of business on March 24, 2021, the record date. Non-registered
(beneficial) Shareholders who wish to vote at the Meeting will be
required to appoint themselves as proxyholder in advance of the
Meeting by writing their own name in the space provided on the
voting instruction form provided by their intermediary, generally
being a bank, trust company, securities broker, trustee or other
institution. Detailed instructions for Shareholders to
participate in the meeting and a copy of the Virtual AGM User Guide
are available
at http://www.transalta.com/investor-centre/events-and-presentations/.
Additionally, the Company is sending this information directly to
Shareholders.
Each of Mr. Richard Legault, Mr.
Yakout Mansour and Mrs. Georgia Nelson are not standing for re-election
at the Meeting and will retire from the Company's Board of
Directors (the "Board") immediately following the Meeting. The
Company acknowledges with gratitude the many contributions that
each of Mr. Legault, Mr. Mansour and Mrs. Nelson have made to the
Company.
The Company is also pleased to announce that four new highly
qualified individuals are being nominated for election to the Board
at the Meeting. The four new director nominees consist of:
- Laura W. Folse – Ms.
Folse is the former CEO of BP Wind Energy, North America. As CEO for BP Wind Energy,
North America, she led a business
with over 500 employees and contractors, which was comprised of 14
wind farms across 8 states with an operating capacity of over 2.5
gigawatts. Prior to her role as CEO of BP Wind Energy, North America, she served at BP p.l.c. as
Executive Vice President, Science, Technology, Environment and
Regulatory Affairs, in which she led the operational, scientific
and technological programs within the multi-billion dollar clean-up
and restoration effort in response to the 2010 BP Macondo well
explosion off the coast of Louisiana.
- Thomas O'Flynn – Mr.
O'Flynn is currently President, Chief Financial Officer and a
Director of EIP Acquisition Corp I, a special purpose acquisition
corporation and an affiliate of Energy Impact Partners LP, a
private energy technology fund investing in high growth companies
in the energy, utility and transportation industries. Mr. O'Flynn
was the Chief Executive Officer and Chief Investment Officer, AES
Infrastructure Advisors, at AES Corporation until his retirement in
2020. Prior thereto, he was Executive Vice President and Chief
Financial Officer at AES Corporation and responsible for all
aspects of global finance and the mergers and acquisitions teams
across six global regions.
- Jim Reid – Mr. Reid is
the Managing Partner of the Brookfield Private Equity Group based
in Calgary, Alberta. He is
responsible for originating, evaluating and structuring investments
and financings in the energy sector and overseeing operations in
the Brookfield private equity
energy segment. Mr. Reid established Brookfield's Calgary office in 2003 after spending several
years as a Chief Financial Officer for two oil and gas exploration
and production companies in Western
Canada. Mr. Reid is also one of the Brookfield nominees to the Board pursuant to
the investment agreement entered into between an affiliate of
Brookfield and TransAlta in
2019.
- Sarah Slusser – Ms.
Slusser is the CEO of Cypress Creek Renewables, LLC ("Cypress
Creek"), a solar and storage independent power producer that
develops, owns and operates projects in the United States. Cypress Creek owns a 1,600
MW operating fleet and has a 7,000 MW development pipeline. Ms.
Slusser joined Cypress Creek as CEO in 2019 to reposition the
company for sustainable growth. Prior to joining Cypress Creek, Ms.
Slusser founded Point Reyes Energy Partners LLC, a solar and energy
storage advisory and development company, where she provided
strategic advice to a number of large companies in the renewable
sector.
More information on each of the nominees is included in the
Circular. We encourage Shareholders to vote by proxy as early
as possible so that their shares are represented at the Meeting. We
also remind Shareholders that they can participate in the Meeting
live by logging in online
at https://web.lumiagm.com/438758405, password
"transalta2021".
About TransAlta Corporation:
TransAlta owns, operates and develops a diverse fleet of
electrical power generation assets in Canada, the United
States and Australia with a
focus on long-term shareholder value. TransAlta provides
municipalities, medium and large industries, businesses and utility
customers clean, affordable, energy efficient, and reliable power.
Today, TransAlta is one of Canada's largest producers of wind power and
Alberta's largest producer of
hydroelectric power. For over 100 years, TransAlta has been a
responsible operator and a proud community-member where its
employees work and live. TransAlta aligns its corporate goals with
the UN Sustainable Development Goals and we have been recognized by
CDP (formerly Climate Disclosure Project) as an industry leader on
Climate Change Management, having recently achieved an A- score
from CDP.
For more information about TransAlta, visit our web site at
transalta.com.
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SOURCE TransAlta Corporation