TransAlta Repositions for Strategic Growth

Tue Oct 30, 2012 6:30pm EDT

* Reuters is not responsible for the content in this press release.

  CALGARY, ALBERTA, Oct 30 (MARKET WIRE) --
TransAlta Corporation (TSX:TA) (NYSE:TAC) announced today as part of its
ongoing strategy to continuously improve operational excellence and
accelerate the growth of the company, that it is realigning the talent of
the organization. These actions will result in a net reduction of
approximately 165 positions over the next six months, the majority of
which will be from the Calgary office. This move strengthens TransAlta's
competitive position now and in the future.

    "We extend our gratitude to our departing colleagues for their important
contribution to TransAlta and wish them well as they move to the next
chapters of their careers," said Dawn Farrell, president and CEO of
TransAlta. "We expect these changes will improve our competitive position
in the Alberta and Canadian power markets."

    The company expects to incur a one-time after-tax charge in the 2012
fourth quarter of $10 to $15 million related to the corporate realignment
initiatives announced today. TransAlta anticipates annual cost savings of
approximately $25 to $30 million from these initatives by the end of
2013.

    TransAlta is a power generation and wholesale marketing company focused
on creating long-term shareholder value. TransAlta maintains a
low-to-moderate risk profile by operating a highly contracted portfolio
of assets in Canada, the United States and Australia. TransAlta's focus
is to efficiently operate geothermal, wind, hydro, natural gas and coal
facilities in order to provide customers with a reliable, low-cost source
of power. For over 100 years, TransAlta has been a responsible operator
and a proud contributor to the communities in which it works and lives.
TransAlta has been selected by Jantzi-Sustainalytics as one of Canada's
Top 50 Socially Responsible Companies since 2009 and is recognized
globally for its leadership on sustainability and corporate
responsibility standards by FTSE4Good. TransAlta is Canada's largest
investor-owned renewable energy provider.

Contacts:
TransAlta Corporation
Stacey Hatcher
Senior Corporate Relations Advisor
1-855-255-9189
TA_Media_Relations@transalta.com

TransAlta Corporation
Jess Nieukerk
Director, Investor Relations
1-800-387-3598
Investor_Relations@transalta.com

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