Puget Sound Energy Files for Reconsideration of Certain Conditions in Approval of Proposed Agreement for Centralia Plant

Wed Jan 23, 2013 7:45am EST

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TransAlta Corporation

January 23, 2013 - 07:45:00 AM

Puget Sound Energy Files for Reconsideration of Certain Conditions in Approval
of Proposed Agreement for Centralia Plant

CALGARY, ALBERTA--(Marketwire - Jan. 23, 2013) - TransAlta Corporation
(TSX:TA) (NYSE:TAC) announced today that Puget Sound Energy ("PSE") has filed
a petition for reconsideration of certain conditions within the decision
issued by the Washington Utilities and Transportation Commission (the "WUTC")
on January 9, 2013 approving the proposed long-term power purchase agreement
(the "PPA") between PSE and TransAlta Centralia Generation LLC for the
Centralia, Washington power plant. The proposed agreement approved by the WUTC
would permit PSE to purchase an average 346 megawatts of coal transition power
from TransAlta's Centralia power plant.

"PSE's decision to file for reconsideration provides PSE and the WUTC a
process to resolve any concerns with the conditions adopted by the WUTC in its
approval of the proposed agreement," said Dawn Farrell, President and CEO,
TransAlta Corporation. "TransAlta, along with other stakeholders, is closely
monitoring the progress of this agreement and cooperating as required to
support implementing an acceptable solution for all parties involved."

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.

This news release may contain forward looking statements, including statements
regarding the business and anticipated financial performance of TransAlta
Corporation. These statements are based on TransAlta Corporation's belief and
assumptions based on information available at the time the assumption was
made. These statements are subject to a number of risks and uncertainties that
may cause actual results to differ materially from those contemplated by the
forward-looking statements. Some of the factors that could cause such
differences include legislative or regulatory developments and general
economic conditions in geographic areas where TransAlta Corporation operates.

Media Inquiries:
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Senior Corporate Relations Advisor
Toll-free media number: 1-855-255-9189

Investor Inquiries:
Jess Nieukerk
Director, Investor Relations
(403) 267-3607
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