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

Wed Jan 23, 2013 7:45am EST

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

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.

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