# EDGAR Filing Document

**Accession Number:** 0001144800
**File Stem:** 0000769993-25-000511
**Filing Date:** 2025-8
**Character Count:** 15227
**Document Hash:** 824083298ef4a8a9c6b820b14fba2838
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000769993-25-000511.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0000769993-25-000511

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TRANSALTA CORP
- **CENTRAL INDEX KEY:** 0001144800
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-79749
- **FILM NUMBER:** 251216063

**BUSINESS ADDRESS:**
- **STREET 1:** TRANSALTA PLACE
- **STREET 2:** 1400, 1100 - 1ST STREET S.E.
- **CITY:** CALGARY
- **STATE:** A0
- **ZIP:** T2G 1B1
- **BUSINESS PHONE:** 403-267-2014

**MAIL ADDRESS:**
- **STREET 1:** TRANSALTA PLACE
- **STREET 2:** 1400, 1100 - 1ST STREET S.E.
- **CITY:** CALGARY
- **STATE:** A0
- **ZIP:** T2G 1B1
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GOLDMAN SACHS GROUP INC
- **CENTRAL INDEX KEY:** 0000886982
- **STANDARD INDUSTRIAL CLASSIFICATION:** SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 134019460
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G

**BUSINESS ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282
- **BUSINESS PHONE:** 212-902-1000

**MAIL ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GOLDMAN SACHS GROUP INC/
- **DATE OF NAME CHANGE:** 20010104

## Ex-99

```

EXHIBIT 99

                        POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS that THE GOLDMAN SACHS GROUP, INC. (the
"Company") does hereby make, constitute and appoint Sadhiya Raffique, Santosh
Vinayagamoorthy, D Guru Prasad, Tobi Amusan, Akash Keshari, Papa Lette, Andrzej
Szyszka, Rahail Patel, Taiki Misu, Regina Chan, Mariana Audeves Martinez,
Asheesh Bajaj, Abhilasha Bareja, Veronica Mupazviriwo, Sam Prashanth, Ameen
Soetan, Abhishek Vishwanathan, Elizabeth Novak and Matthew Pomfret, acting
individually, its true and lawful attorney, to execute and deliver in its name
and on its behalf, whether the Company is acting individually or as
representative of others, any and all filings required to be made by the
Company pursuant to Rule 13f-1or Regulation 13D-G under the Securities Exchange
Act of 1934, (as amended, the "Act"), which may be required of the Company with
respect to securities which may be deemed to be beneficially owned by the
Company under the Act, giving and granting unto each said Attorney-in-fact
power and authority to act in the premises as fully and to all intents and
purposes as the Company might or could do if personally present by one of its
authorized signatories, hereby ratifying and confirming all that said Attorney-
in-fact shall lawfully do or cause to be done by virtue hereof.

THIS POWER OF ATTORNEY shall remain in full force and effect until July 16,
2026 unless earlier revoked by written instrument, or in the event an Attorney-
in-fact ceases to be an employee of The Goldman Sachs Group, Inc. or one of its
affiliates or ceases to perform the function in connection with which he or she
was appointed Attorney-in-fact prior to July 16, 2026, this Power of Attorney
shall cease to have effect in relation to such Attorney-in-fact upon such
cessation but shall continue in full force and effect in relation to the
remaining Attorneys-in-fact. The Company has the unrestricted right
unilaterally to revoke the Power of Attorney.

This Power of Attorney shall be governed by, and construed in accordance with,
the laws of the State of New York, without regard to rules of conflicts of law.

This Power of Attorney supersedes the Power of Attorney granted by the Company
to Papa Lette, Akash Keshari, Regina Chan, Andrzej Szyszka, Ameen Soetan,
Rahail Patel, Santosh Vinayagamoorthy, Sadhiya Raffique, Matthew Pomfret,
Abhishek Vishwanathan, Mariana Audeves, Veronica Mupazviriwo, Elizabeth Novak
and Sam Prashanth on July 29,2024.

IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of
July 16, 2025.

GOLDMAN SACHS & CO. LLC

By: /s/  Carey Ziegler
____________________________
Name: Carey Ziegler
Title: Attorney-in-Fact

                        POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS that GOLDMAN SACHS & CO. LLC (the "Company")
does hereby make, constitute and appoint each Sadhiya Raffique, Santosh
Vinayagamoorthy, D Guru Prasad, Tobi Amusan, Akash Keshari, Papa Lette, Andrzej
Szyszka, Rahail Patel, Taiki Misu, Regina Chan, Mariana Audeves Martinez,
Asheesh Bajaj, Abhilasha Bareja, Veronica Mupazviriwo, Sam Prashanth, Ameen
Soetan, Abhishek Vishwanathan, Elizabeth Novak and Matthew Pomfret, acting
individually, its true and lawful attorney, to execute and deliver in its name
and on its behalf, whether the Company is acting individually or as
representative of others, any and all filings required to be made by the
Company pursuant to Rule 13f-1or Regulation 13D-G under the Securities Exchange
Act of 1934, (as amended, the "Act"), which may be required of the Company with
respect to securities which may be deemed to be beneficially owned by the
Company under the Act, giving and granting unto each said Attorney-in-fact
power and authority to act in the premises as fully and to all intents and
purposes as the Company might or could do if personally present by one of its
authorized signatories, hereby ratifying and confirming all that said Attorney-
in-fact shall lawfully do or cause to be done by virtue hereof.

THIS POWER OF ATTORNEY shall remain in full force and effect until July 16,
2026 unless earlier revoked by written instrument, or in the event an Attorney-
in-fact ceases to be an employee of The Goldman Sachs Group, Inc. or one of its
affiliates or ceases to perform the function in connection with which he or she
was appointed Attorney-in-fact prior to July 16, 2026, this Power of Attorney
shall cease to have effect in relation to such Attorney-in-fact upon such
cessation but shall continue in full force and effect in relation to the
remaining Attorneys-in-fact. The Company has the unrestricted right
unilaterally to revoke the Power of Attorney.

This Power of Attorney shall be governed by, and construed in accordance with,
the laws of the State of New York, without regard to rules of conflicts of law.

This Power of Attorney supersedes the Power of Attorney granted by the Company
to Papa Lette, Akash Keshari, Regina Chan, Andrzej Szyszka, Ameen Soetan, Rahail
Patel, Santosh Vinayagamoorthy, Sadhiya Raffique, Matthew Pomfret, Abhishek
Vishwanathan, Mariana Audeves Martinez, Veronica Mupazviriwo, Elizabeth Novak
and Sam Prashanth on October 1, 2024.

IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of
July 16, 2025.

GOLDMAN SACHS & CO. LLC

By: /s/  Carey Ziegler
____________________________
Name: Carey Ziegler
Title: Managing Director

```

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**Issuer:** TRANSALTA CORPORATION

**Title of Class of Securities:** Common Stock

**CUSIP Number:** 89346D107

**Date of Event Which Requires Filing of this Statement:** 06/30/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [x] Rule 13d-1(b)

- [ ] Rule 13d-1(c)

- [ ] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>THE GOLDMAN SACHS GROUP, INC. | Names of Reporting Persons<br>THE GOLDMAN SACHS GROUP, INC. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>16350772.73 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>16350772.73 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>16350772.73 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>16350772.73 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>5.5% | Percent of Class Represented by Amount in Row (9)<br>5.5% |
| 12. | Type of Reporting Person (See Instructions)<br>HC, CO | Type of Reporting Person (See Instructions)<br>HC, CO |

---

| 1. | Names of Reporting Persons<br>GOLDMAN SACHS & CO. LLC | Names of Reporting Persons<br>GOLDMAN SACHS & CO. LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>NY | Citizenship or Place of Organization<br>NY |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>16350772.73 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>16350772.73 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>16350772.73 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>16350772.73 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>5.5% | Percent of Class Represented by Amount in Row (9)<br>5.5% |
| 12. | Type of Reporting Person (See Instructions)<br>BD, OO, IA | Type of Reporting Person (See Instructions)<br>BD, OO, IA |

---

**Item 1(a). Name of Issuer:**
TRANSALTA CORPORATION

**Item 1(b). Address of Issuer's Principal Executive Offices:**
TRANSALTA PLACE,1400, 1100 1ST STREET S.E, CALGARY, Z4, T2G 181

**Item 2(a). Name of Person Filing:**
THE GOLDMAN SACHS GROUP, INC.| GOLDMAN SACHS & CO. LLC

**Item 2(b). Address of Principal Business Office:**
The Goldman Sachs Group, Inc. 200 West Street New York, NY 10282| Goldman Sachs & Co. LLC 200 West Street New York, NY 10282

**Item 2(c). Citizenship:**
THE GOLDMAN SACHS GROUP, INC. - Delaware| GOLDMAN SACHS & CO. LLC - New York

**Item 2(d). Title of Class of Securities:**
Common Stock

**Item 2(e). CUSIP Number:**
89346D107

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [x] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [x] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [x] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

See the response(s) to Item 9 on the attached cover page(s).

**(b) Percent of class:**

See the response(s)to Item 11 on the attached cover page(s).

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

See the response(s) to Item 5 on the attached cover page(s).

**(ii) Shared power to vote or to direct the vote:**

See the response(s) to Item 6 on the attached cover page(s).

**(iii) Sole power to dispose or to direct the disposition of:**

See the response(s) to Item 7 on the attached cover page(s).

**(iv) Shared power to dispose or to direct the disposition of:**

See the response(s) to Item 8 on the attached cover page(s).

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

See Exhibit (99.2)

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**THE GOLDMAN SACHS GROUP, INC.**

**Date:** 07/17/2025

**By:** Name: Sam Prashanth

**Name & Title:** Attorney-in-fact

**GOLDMAN SACHS & CO. LLC**

**Date:** 07/17/2025

**By:** Name: Sam Prashanth

**Name & Title:** Attorney-in-fact