TransAlta Renewables Inc. Reports on Voting Results from 2014 Annual Meeting of Shareholders

May 5, 2014

CALGARY, Alberta (May 5, 2014) – The Annual Meeting of Shareholders (the “Meeting”) of TransAlta Renewables Inc. (“TransAlta Renewables” or the “Corporation”) (TSX: RNW) was held on May 2, 2014 in Calgary, Alberta. A total of 102,966,260 common shares, representing 89.8% of the Corporation’s outstanding common shares were represented in person and by proxy at the Meeting. Shareholders in attendance at the Meeting represented 1,950 common shares.

1. Election of Directors

The six director nominees proposed by management were elected by a show of hands. Proxies were received as follows:


Votes For Per cent Witheld Per cent
David D. Drinkwater 102,412,587 99.64% 365,917 0.36%
Brett M. Gellner 97,924,433 95.28% 4,854,071 4.72%
Allen R. Hagerman 102,641,583 99.87% 136,921 0.13%
Cynthia Johnston 97,925,233 95.28% 4,853,271 4.72%
Kathryn A.B. McQuade 102,627,243 99.85% 151,261 0.15%
Paul H.E. Taylor 97,912,397 95.27% 4,866,107 4.73%


2. Appointment of Auditors

The Appointment of Ernst & Young LLP to serve as the independent auditors for 2014 was approved by a show of hands. Proxies were received as follows:

Votes For Per cent Witheld Per cent
        102,946,910 99.98%        17,400 0.02%

 About TransAlta Renewables

TransAlta Renewables owns 29 wind and hydroelectric power generation facilities, having an aggregate installed generating capacity of 1,376 MW, in which it holds a net ownership interest of approximately 1,255 MW. TransAlta Renewables’ power generating capacity is among the largest of any publicly-traded renewable independent power producer (“IPP”) in Canada, with more wind power generating capacity than any other Canadian publicly-traded IPP. TransAlta Renewables’ strategy is focused on the efficient operation of its portfolio of renewable power generation assets and expanding its asset base through the acquisition of additional renewable power generation facilities in operation or under construction. TransAlta Renewables objective is to (i) create stable, consistent returns for investors through the ownership of contracted renewable power generation assets that provide stable cash flow through long-term power purchase agreements with creditworthy counterparties, including TransAlta; (ii) pursue and capitalize on strategic growth opportunities in the renewable power generation sector; and (iii) pay out a portion of cash available for distribution to the shareholders of TransAlta Renewables on a monthly basis.

For more information:

Investor Inquiries:

Brent Ward
Director, Corporate Finance and Investor Relations
Phone: 1 800-387-3598 in Canada and U.S.

Media Inquiries:

Stacey Hatcher
Manager, External Communications
Cell: 587-216-2242
Toll-free media number: 1-855-255-9184
Alternate local number: 403-267-2540

LAST: CAD$14.280 (+1.301%)
2016-12-28 16:00:00

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