Company: TSLTF
Filing Date: 2025-02-20
Form Type: 40-F
Source: 0001144800-25-000006
Chunk: 8

Company: TRANSALTA CORP
Filing Date: 2025-02-20
Form: 40-F
Chunk 8
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 use of statements that include phrases such as "may", "will", "can", "could", "would", "shall", "believe", "expect", "estimate", "anticipate", "intend", "plan", "forecast", "foresee", "potential", "enable", "continue" or other comparable terminology. These statements are not guarantees of our future performance, events or results and are subject to risks, uncertainties and other important factors that could cause our actual performance, events or results to be materially different from those set out in or implied by the forward-looking statements.

In particular, this F (including the information incorporated by reference herein) contains forward-looking statements about the following, among other things:

• The strategic objectives of the Company and that the execution of the Company's strategy will realize value for shareholders;

• Our capital allocation and financing strategy;

• Our sustainability objectives and targets, including those in our 2024 Sustainability Report;

• Our 2025 Outlook;

• Our financial and operational performance, including our hedge position;

• Optimizing and diversifying our existing assets;

• The increasingly contracted nature of our fleet;

• Expectations about strategies for growth and expansion, including opportunities for Centralia redevelopment, and data centre opportunities;

• Expected costs and schedules for planned projects;

• Expected regulatory processes and outcomes, including in relation to the Alberta restructured energy market;

• The power generation industry and the supply and demand of electricity;

• The cyclicality of our business;

• Expected outcomes with respect to legal proceedings;

• The expected impact of future tax and accounting changes; and

• Expected industry, market and economic conditions.

The forward-looking statements contained in this Form 40-F (or incorporated herein by reference) are based on many assumptions including, but not limited to, the following:

• No significant changes to applicable laws and regulations;

• No unexpected delays in obtaining required regulatory approvals;

• No material adverse impacts to investment and credit markets;

• No significant changes to power price and hedging assumptions;

• No significant changes to gas commodity price assumptions and transport costs;

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• No significant changes to interest rates;

• No significant changes to the demand and growth of renewables generation;

• No significant changes to the integrity and reliability of our facilities;

• No significant changes to the Company's debt and credit ratings;

• No unforeseen changes to economic and market conditions; and

• No significant event occurring outside the ordinary course of business.

These assumptions are based on information currently available to Trans