Company: TSLTF
Filing Date: 2025-12-12
Form Type: SUPPL
Source: 0001193125-25-317786
Chunk: 219

Company: TRANSALTA CORP
Filing Date: 2025-12-12
Form: SUPPL
Chunk 219
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 TransAlta Renewables.                             |     |            |   (811 | ) |
| Lower net increase in borrowings under credit                                  
 facilities.                                                                    |     |            |   (495 | ) |
| Lower issuance of long-term debt due to the                                    
 Company issuing US$400 million senior notes in 2022.                           |     |            |   (493 | ) |
| Lower realized gains on financial instruments due                              
 to recognizing a gain on the repayment of US$400 million senior notes in 2022. |     |            |    (72 | ) |
| Higher distributions paid to non-controlling interests.                        |     |            |    (36 | ) |
| Higher repurchases of common shares under the                                  
 NCIB.                                                                          |     |            |    (35 | ) |
| Other                                                                          |     |            |      8 |   |
| Cash flow used in financing activities                                         
 for the year ended Dec. 31, 2023                                               |     |            | (1,432 | ) |

| TransAlta Corporation |     | 2024 Integrated Report |     | M59 |

Management’s Discussion and Analysis Other Consolidated Analysis Unconsolidated Structured Entities or Arrangements Disclosure is required of all unconsolidated structured entities or arrangements such as transactions, agreements or contractual arrangements with unconsolidated entities, structured finance entities, special purpose entities or variable interest entities that are reasonably likely to materially affect liquidity or the availability of, or requirements for, capital resources. We currently have no such unconsolidated structured entities or arrangements. Related-Party Transactions In the normal course of operations, we enter into transactions on market terms with related parties, including consolidated and equity accounted entities, which have been measured at exchange value and are recognized in the consolidated financial statements, including, but not limited to asset management fees, power purchase and derivative contracts. Refer to Note 36, Related-Party Transactions in the consolidated financial statements for further details. Guarantee Contracts We have obligations to issue letters of credit and cash collateral to secure potential liabilities to certain parties, including those related to potential environmental obligations, commodity risk management and hedging activities, pension plan obligations, construction projects and purchase obligations. At Dec. 31, 2024, we provided letters of credit totalling $865 million (2023 – $782 million) and cash collateral of $124 million (2023 – $145 million). These letters of credit and cash collateral secure certain amounts included on our Consolidated Statements